Morning Movers
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AMC.NY 2.26%
AMC Entertainment – Back on watch after yesterday afternoon’s action, the original ‘meme’ stock popped more than 20% in late trading on surging volume with little in the way of an obvious catalyst. The company announced after the close, exercised option to repurchase $35 mln of 15% cash / 17% payment-in-kind (PIK) Toggle First Lien Secured Notes due 2026.

ZM.NQ 4.01%
Zoom Video Communications – Announced its deal to acquire cloud-based call center operator Five9 Inc has been pulled off the table after FIVN shareholders voted down its $14.7 bln sale to Zoom, citing growth concerns and dual-class shares on Thursday.

Crypto Stocks – Trading higher this morning as BTC climbs back above $47000, the move followed comments from Federal Reserve Chairman Jerome Powell who said he has no intention of banning cryptocurrencies, but stablecoins need more regulatory oversight, CoinDesk reports, citing his testimony before the House Financial Services Committee meeting. The world’s biggest token by market cap has been bouncing off $40K-41K support level almost every day since Sept. 21. COIN, MARA, RIOT, SI, MSTR, BTBT, SOS, HUT, BTCM

MRK.NY 7.79%
Merck & Co – Sharply higher after announcing new data showing its experimental pill to treat covid-19 cuts risk of hospitalization and death in half. The company said it would soon ask health officials in the U.S. and around the world to authorize its use. If cleared, Merck’s drug would be the first pill shown to treat COVID-19, a potentially major advance in efforts to fight the pandemic. All COVID-19 therapies now authorized in the U.S. require an IV or injection.

NIO.NY 3.00%
NIO Inc – Reported new record-high monthly and quarterly deliveries. NIO delivered 10,628 vehicles globally in September 2021, increasing by 125.7% year-over-year. Q3 deliveries were 24,439 vehicles, up 100.2% year-over-year. Cumulative deliveries of the ES8, ES6 and EC6 as of September 30, 2021 reached 142,036.

ATER.NQ 2.03%
Aterian Inc – Recent high flyer trading up premarket after announcing the beta launch of its Affiliate Platform DealMojo.

RIDE.NQ 6.52%
Lordstown Motors – Higher for the second straight session premarket, the company announced a new production agreement with Hon Hai Technology Group to work jointly on electric vehicle programs in the company’s assembly plant in Lordstown, Ohio. Also confirmed plans to sell sell its factory in Ohio to Foxconn Technology Group for $230m.

Squeeze Stocks – Shares of medical diagnostics maker PROG are very active again premarket as investors on social media forums continue to show interest in the stock. PROG, which in mid-Sept received a U.S. patent for its test to evaluate patients who have signs and symptoms of possible preeclampsia – PALT, FAMI and PROG have all been among the highest mentioned stocks in popular trading focused social media sites this week.

AVIR.NQ 29.49%
Atea Pharmaceuticals – Midcap clinical-stage biopharmaceutical company rallying with little to no apparent news catalyst, multiple covid-19 related products in the works, benefitting from the MRK news.

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