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

DWAC.NQ 10.18%
Digital World Acquisition Corp – Coming off the amazing price action we saw last week shares are higher once again premarket and have risen 842% since the blank-check acquisition company announced on Wednesday it would merge with Trump Media & Technology Group, worth $8.2 billion now based on the closing price of Digital World shares on Friday, while the company that would be created with the merger would have a close to $12 billion valuation. This assumes Digital World valued its shares in the deal at $10, as is customary for special purpose acquisition companies (SPACs). A detailed regulatory filing that will allow a precise calculation is expected this week.

PYPL.NQ 5.17%
Paypal Holdings Inc – Officially states it is “not pursuing an acquisition of Pinterest at this time.” Last Wednesday, Bloomberg reported that PayPal was in talks to buy art-sharing social media network Pinterest for ~$70 per share, or $45B, mostly in stock. SNAP sharply lower on the news premarket.

TSLA.NQ 4.43%
Tesla Inc – Set to open at a fresh all-time high again after announcing it has finished building its new China research, data centers. The company also said its latest self-driving software update has been released. Morgan Stanley out with a PT increase on the stock citing “extraordinary” sales growth in its latest quarter.

BENE.NQ 51.07%
Benessere Capital Acquisition Corp – Another Patrick Orlando head SPAC extending gains from Friday’s session on pure online speculation tieing it to Digital World Acquisition Corp. and Trump Media.

PHUN.NQ 28.26%
Phunware Inc – As investors continue to lookout for other stocks that could benefit from the DWAC hype. Phunware Inc remains on watch, the company which worked on Trump’s 2020 election campaign app was tied to the new Trump Media effort as well last week. CRTD, SONM shares also very active again.

MARK.NQ 257.10%
Remark Holdings – Another low-float software company getting mass online attention/social media attention surrounding the company.

FB.NQ -0.53%
Facebook Inc – Lower premarket ahead of earnings after the bell tonight, late Friday multiple news outlets published stories based on documents provided by Frances Haugen, a former Facebook employee and whistleblower. The reports cite internal Facebook research and documents that show the company is aware of many of the harms its apps and services cause. The company also said it will pay more than $14 million in hiring discrimination settlement.

COMS.NQ 46.84%
COMSovereign Holdings Corp – Announced a deal to delivers 5G O-RAN systems to the National Institute of Standards and Technology (“NIST”) Under a new 5G Cooperative Research and Development Agreement.

Leave a Reply

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