Morning Movers
Watch us on YouTube Live at 8:30AM EST

SPCE.NY 17.56%
Virgin Galactic – Trading sharply higher premarket after the company’s first manned test space flight over the weekend was a success. On Saturday, co’s rocket-powered SpaceShipTwo VSS Unity reached more than 55 miles above the Earth in its latest test flight. Virgin Galactic has seen multiple delays this year for the test flight, after failed Dec attempt from New Mexico space port.

PLTR.NY 1.35%
Palantir Technologies – Trading higher premarket after announcing an expanded partnership with the US government’s Space Force that will see the company provide software to critical missions systems including missile defence systems communications.

F.NY 1.43%
Ford Motor Co – Open in recent high territory in premarket trading this morning, the stock is coming off a 12% rally on the week last week after the company a new version of its F-150 Lightning electric pickup truck, the F-150 Lightning Pro, aimed at commercial customer.

CRYPTO.STOCKS 1.65%
Crypto Stocks – BTC’s wild ride continued over the weekend with prices testing lows set last Wednesday when Bitcoin tumbled below $30000 for the first time since January. The move followed more stern comments from the Chinese government Friday suggesting that country will clamp down on both mining of cryptocurrencies as well as individualls profiting from potential gains. Shares of crypto exchange Coinbase Global are up more than 2.5% premarket looking to bounce back from Friday’s swings. MARA, RIOT, SOS, FTFT, MSTR, SI are also all trading higher so far.

AMC.NY 1.66%
AMC Entertainment – Back on watch this morning after Friday’s selloff that followed news China’s Wanda Group, 2nd largest share holder, disclosed it sold >30 mln shares over the past week in the cinema operator.

MNMD.NQ 1.46%
Mind Medicine Inc – Higher in premarket trading again after announcing the execution of a Memorandum of Understanding (the “MOU”) regarding the launch of an exclusive collaborative development program with Nextage Thereapeutics aimed at optimizing the delivery of certain psychedelic drug candidates, leveraging Nextage’s proprietary Brain Targeting Liposome System (BTLS) delivery technology, for which it has an exclusive license.

BYND.NQ 4.09%
Beyond Meat – Trading up more than 4% early on after receiving a double upgrade at Jefferies to “outperform” from “underperform,” based on an expected recovery in organic growth and rebounding foodservice channels.

EV.STOCKS 0.90%
EV Stocks – Wedbush analysts out with a positive note on the sector over the weekend, the firm specifically called firms like QuantumScape along with so called pure plays like Tesla, Nio, Li Auto and XPeng ss still well positioned for a “Green Tidal Wave”. The note stated “Today only 3% of vehicles globally are EVs which we believe hits 10% penetration by 2025 and 20%+ by 2030. TSLA, NIO, LI, XPEV, CCIV

ANVS.AM 5.88%
Annovis Bio – Trading higher early on reversing a gap lower that followed news aftermarket Friday of a discounted stock offering from the company, ANVS priced an offering of 1 mln shares of its common stock at $50/shr, a discount of 16.7% to their last close.

CREX.NQ 35.88%
Creative Realities Inc – Micro-cap IT Service firm up sharply premarket, the stock was higher Friday after the company reported better than expected Q1 results.

NGM.NQ -45.74%
NGM Biopharmaceuticals – Halted premarket, since resumed trading down nearly 50% after the company’s Liver Treatment did not meet primary goals in a mid-stage study.

Leave a Reply

Your email address will not be published. Required fields are marked *