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Apple Inc – Set to launch its latest batch of new products expected to included the latest Iphone, Airpods and Apple Watch offerings. The event will be live streamed starting at 1pm EST.
OpenDoor Technologies – The Social Capital led former SPAC is down more than 6% premarket after announcing a secondary offering. SVF Excalibur, advised by SoftBank Group, is the seller, the firm is looking to cut stake by roughly 40% to 7.7%.
SmileDirectClub Inc – Traded sharply higher on abnormally high volume during Monday’s session as traders on social media circulated the stock, highlighting its high short interest. Typically trades 6.5 million shares per day but Monday’s volume topped 42 million. SmileDirectClub was one of the top three trending stocks most of the session with forums highlighting the percentage of the float sold short at about 33%.
Support.com – Down sharply premarket adding to yesterday’s 9% slide. The company remains in focus with the retail crowd as well, bringing the buzz of crypto and ESG together, as it looked to bring green Bitcoin miner Greenridge Generation Holdings public via a merger. The deal was approved by shareholders Friday. Latest data from analytics firm S3 Partners shows SPRT’s short interest is at $149M, with 7.1M shares short, more than 71% of the float.
Aterian Inc – Another recent favorite of the retail crowd also down sharply premarket, the heavily shorted e-commerce company was also among the top trending stocks on social media sites Monday with 133m shares traded, or more than 3 times its average the stock will be on watch again today. According to S3 Partners ATER is a “very squeezable stock” according to S3’s managing director of predictive analytics, Ihor Dusaniwsky, “the relatively small size of the short selling in the stock makes it obvious that a short squeeze is not the primary driver”.
Boeing Co – Boeing increased its market outlook forecasts pointing to continued path to long-term growth, with signs of industry recovery. Over 10 years, the 2021 BMO shows $9 trillion addressable market, up from $8.5 trillion in 2020 as well as increased demand for dedicated freighters, including new and converted models.
Oracle Corp – Lower after earnings, reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.06. Revenue of $9.73 billion for the quarter also topped expectations of $9.77 billion. The company’s guidance however fell short of estimates.
NanoViricides – The Antiviral drug developer’s shares are higher premarket after announcing it has entered into a licensing agreement with TheraCour Pharma Inc for antiviral drugs to treat SARS-CoV-2 and its variants.
aTyr Pharma – Another recent high-flyer back on the move again this morning after the company recently reported its ATYR1923 produced positive results in a Phase 1b/2a clinical study by demonstrating consistent favorable dose responses in pulmonary sarcoidosis patients.
Communication Systems – Micro-cap Communications & Networking company trading higher after announcing a special dividend.