Morning Movers
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QS.NY -7.12%
Quantumscape Corp – The EV battery makers shares are down nearly 7% premarket after the company announced plans to sell 13 mln shares of Class A common stock in a public offering, the offer size represents ~8.9% of co’s current free float. QS said it plans to use proceeds of offering to build a larger pre-pilot line to make solid-state batteries than recently announced.

AMC.NY -4.64%
AMC Entertainment – Looking to extend declines from Monday’s session down more than 8% in premarket trading, shares fell more than 14% at the lows yesterday after an impressive rally last week that followed news the company plans to reopen most of its cinemas by the end of the month.

MSFT.NQ 0.24%
Microsoft Corp – Bloomberg is reporting the company is in talks to acquire popular messaging app Discord that has gained in popularity during the pandemic, the deal could be worth as much as $10b. Discord launched in 2015 for gamers to talk while they played, but has grown into a much broader user base.

NFT Stocks – Back on watch trading higher premarket as a group for the third straight session, stocks tagged by social media as non-fungible token (NFT) plays traded on heavy volume again Monday with Hall of Fame Entertainment HOFV shares up 29.46% with volume about 9 times its 10-day average of 25.7 mln. Kuke Music Holding KUKE shares climb 24.05%, Oriental Culture Holdings OCG was up 17.06% and U.S. listed shares of Takung Art TKAT were up 63.91% at 48.65 after hitting record high of $50.84. Stocks associated with NFTs saw volatile trading last week as well, as the popularity of the digital asset grows. HOFV, KUKE, OCG, TKAT, YVR

TSLA.NQ 0.90%
Tesla Inc – The stock gave back the majority of its intraday gains in the final 90 minutes of trading Monday, shares rallied as much as 7% following Cathie Wood’s $3000 PT by 2025 call in the premarket.

AZN.NQ -2.60%
AstraZeneca PLC – Sharply lower this morning, according to American federal health officials results from a US trial of AstraZeneca’s Covid-19 vaccine released premarket yesterday may have included “outdated information” and that could mean the company provided an incomplete view of efficacy data. Top US infectious disease official Fauci said data monitoring board got concerned after the company’s press release yesterday saying the vaccine is “likely good” but will independently review the data and won’t rely solely on the company’s findings.

GME.NY 0.67%
GameStop Corp – Worth watching heading into earnings after the bell tonight, the company said this morning its Chief Customer Officer Frank Hamlin will resign.

BNTC.NQ 133.50%
Benitec Biopharma Inc – Shares of the microcap biotech are soaring this morning after a Schedule 13D filing with the SEC showed that Morgan Stanley has taken a large stake in the company.

SNMP.AM 119.00%
Evolve Transition Infrastructure – Trading up more than 100% on no apparent positive news catalyst. The nanocap oil & gas infrastructure company as a 5m share free float with a very low short %.

PSTV.NQ 52.92%
Plus Therapeutics Inc – The company has entered into a Master Services Agreement with Piramal Pharma to develop, manufacture and supply its Rhenium Nanoliposome Intermediate drug.

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