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TWTR.NY -0.23%
Twitter -Trading slightly lower in the premarket after a rally yesterday on the news Elon Musk was not joining the board. This has fuelled some speculation that more activism and a takeover is still in play. Additionallly It was disclosed Cathy Wood’s ARK invest sold another 186k shares to now hold 831k shares down from over 4.6 million at the end of last year.

BIG.TECH 0.46%
Big Tech – Again on watch after leading the weakness in yesterdays markets. Shares of Apple fell 2% and are holding onto yesterdays lows ahead of key CPI data due this morning. In individual news FB is testing new tools to allow creators to sell virtual assets and experiences within wolrds they build on Horizon worlds. GOOGL, MSFT

BYND.NQ 2.37%
Beyond Meat – Up 3.5% premarket as they are expanding their meatless Chicken distriution to 8000 new grocery, pharmacy and big-box retail locations. The stock has had a slump in sales groth in the 4th q and the stock is down 66% vover the last year.

Oil Stocks – Shares of oil and gas companies rise premarket, following gains in crude prices as Shanghai’s relaxation of some COVID-19 restrictions eased concerns about Chinese demand and as OPEC warned it would be impossible to replace potential supply losses from Russia. XOM is up 0.9% preamarket whel DVN and OXY are up 1.2 and 1.6% respectively. Oil futures are trading up nearly 4% in early trade.

CRWD.NQ 4.43%
Crowdstrike – Shares up 3.3% premarket after Goldman Sachs upgrades to “buy” from “neutral”. Goldman says the busines is in the ‘sweet spot’ for cybersecurity and hikes is PT to $285. This is on the heels of last weeks authorization to protect DoD assets.

ACI.NY -2.96%
Albertsons – Shares have fallen on low volume in premarket after the supermarket operator earned $0.75 a share vs estimates of $0.64. Revenues were also a beat and the company guided above estimates for full year 2022.

VERU.NQ 15.64%
Veru Inc. – Trading up 18 percent early in premarket after a wild session yesterday which saw north of 200% gains after getting positive data from their Covid-19 trial. Their candidtate reduced death by 55% in hospitalized patients. VERU has a 60 million share float and halted twice in yesterdays trading session.

AGLE.NQ 20.58%
Aeglea Bio pharmaceuticals – Trading up 22% after submitting a Biologics License Application for Pegzilarginase for the treatment of Arginase 1 Deficiency. This is the lead drug for AGLE which trades with a 49 million share float.

BDSX.NQ 53.46%
Biodesix – Shares of the Diagnostic solutions company traded as high as 70% up premarket after reaffirming their Full Year Revenue Forecast and obtaining waivers for loan repayment subject to Equity raise. In addition 3 board members purchased a total of over 3.4 million shares. BDSX trades with a 6.5 million share float.

BCDA.NQ 43.26%
BioCardia – Announces FDA approval of its IND for NK1r+ Mesenchymal Stem cells for the treatment of patients recovering from acute respiratory distress due to Covid-19. Shares are up 42% premarket on the low float name (11.5 million).

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