Morning Movers
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| GME.NY 9.00% GameStop Corp – Trading sharply higher premarket after announcing the company has completed its previously announced equity offering, selling 5m shares of common stock generating gross proceeds of $1.13b. AMC.NY 0.34% AMC Entertainment – Looking to bounce after Monday’s slide, down another 2% pre market however but holding key support areas above the $50-$55 range on the daily chart. TRCH.NQ 3.73% Torchlight Energy Resources – Higher premarket after announcing it has upsized its stock offering to $250 mln from $100 mln, looking to cash in on interest from retail traders who lifted the shares as much as 74% on Monday. WISH.NQ 1.19% ContextLogic Inc – Also among leaders in the “meme stock” group Monday rallying as much as 22%. The symbol was once again the top-hyped stock on Reddit investing threads like Wall Street Bets Monday, according to data from HypeEquity . Retail traders were targeting $14-$16 per share, HypeEquity founder Travis Rehl said in an email to Insider. Some traders even mentioned a price as high as $50 or $100. PLUG.NQ 1.68% Plug Power – The alternative energy and fuel cell focused company reported EPS that missed expectations by $0.04/share while revenue for the quarter topped estimates. Plug reported a qtrly loss per share $0.12 on revenue $73.7m. Plug also reaffirmed recently raised gross billing targets for the remainder of 2021. MVIS.NQ -10.07% MicroVision Inc – Another retail favorite trading sharply lower premarket, the company announced aftermarket yesterday it entered into a $140 million At-the-Market (ATM) equity offering agreement with Craig-Hallum Capital Group. SAFM.NQ 11.38% Sanderson Farms Inc – The third-largest poultry producer in the US is said to be exploring a potential sale as prices for chicken and other meats rise. VTVT.NQ 29.66% VTV Therapeutics – Along with Cantex Pharmaceuticals jointly announced a strategic licensing agreement for development and commercialization of azeliragon for treatment of cancer. ADIL.NQ 18.47% Adial Pharmaceuticals – Gapping higher on new significant news, the company recently announced it secured a new round of funding to continue research on a alcohol use disorder treatment. BPTH.NQ 18.62% Bio Path Holdings Inc – Today announced that the United States Patent and Trademark Office has granted a new patent relating to the Company’s BP1003 program, a novel liposome-incorporated oligodeoxynucleotide inhibitor. |
