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Nio Inc – Trading sharply lower in the premarket after the company announced it will temporary suspend production for five working days in the JAC-NIO manufacturing plant in Hefei starting from March 29, 2021 due to semiconductor shortage.
GameStop Corp – Sharply higher in early trading again this morning after yesterday’s impressive rally, shares erased their earnings-led slump as the Reddit-favorite stock surged and traders once again touted the company’s ongoing corporate transformation. The video-game retailer rallied 53% to $183.75, recouping all of its $4.3 billion drop after quarterly earnings failed to answer Wall Street’s most pressing questions on the company’s turnaround. Fellow retail darlings like movie theater company AMC Entertainment Holdings Inc. and headphone maker Koss Corp. followed GameStop higher on Thursday.
Vuzix Corp – Recent high flying electronic equipment maker is lower in the premarket after announcing plans for an $85m share offering, the company will offer 4.15m shares at $20.50/share.
NFT Stocks – Under pressure as a group after recent gains, Swiss cybersecurity firm WKEY Wisekey shares lead the declines late yesterday sliding more than 30%, WKEY shares have skyrocketed 100% to record highs above $22 recently after it announced it had launched WISeArt, a non-fungible token (NFT). The buzz around NFTs has grown louder in recent months as enthusiasts and investors use spare savings to buy up items that exist online; Twitter Inc boss Jack Dorsey’s first tweet was sold for $2.9 mln. WKEY, OCG, YVR, DLPN, CSCW, JFIN, TKAT, CIDM, HOFV
Quantumscape Corp – Shares have already reversed an early rally to trade lower, the company announced yesterday it had priced its previously announced share offering raising $416m offering more than 10m shares.
BowX Acquisition Corp – Resumed after being halted premarket, WeWork has agreed to go public through a merger with blank-check firm BowX Acquisition Corp BOWX.O, in a deal that values it at $9 billion, the office-sharing startup said on Friday. It marks a steep drop from the $47 billion that WeWork was valued for a listing in 2019
Ford Motor Co – The automaker said it pause production of its popular F-150 pickup truck over the weekend at a Michigan plant, due to the global semiconductor shortage.
Nike Inc – Back on watch this morning trading higher early on after a volatile session Thursday. Baird analysts upgraded the stock to “outperform” from “neutral” with a PT of $150.
Big Banks – JPM, BAC, C, WFC all trading higher after the Federal Reserve announced plans yesterday to lift restrictions on bank dividends and stock buybacks. The move is set to follow June stress tests to ensure and maintain sufficient capital is available.
NextDecade Corp – Reported positive earnings and also announced a new partnership with a unit of Occidental Petroleum for Co2 transportation and storage.
Wah Fu Education Group – Smallcap Chinese education stocks being bought in the premarket, no significant news on the group.
180 Life Sciences Corp – Announced positive data on its current work toward new anti-inflammatory blockers.