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Meme Stocks – Lower as a group in early trading after Monday’s monster gains, AMC Entertainment shares touched $30 after the close and are set to open slightly lower this morning, the company’s CEO said Monday it would use capital in more “retail focused” acquisitions to come. HYMC on Mon closed up 81.3% at $2.32 on heavy volume in wake of Nevada mine owner saying it completed ~$138.6 mln at-the-market (ATM) equity program. HYMC remains in retail trading spotlight: it’s the most watched stock on retail trader forum Stocktwits early Tues with message volume up ~61%. AMC, GME, HYMC, KOSS, MRIN, DATS
Tesla Inc – Back on watch set to gap above the $1100 level, the company said in a regulatory filing, and also in a tweet, that it plans to make a request at its upcoming annual shareholders meeting to increase its number of authorized shares so that it can split the stock in the form of a dividend. Moving lower on a CS note suggesting a risk it could miss Q1 delivery forecasts.
Nvidia Corp – Active premarket trading higher showing relative strength on now significant news catalyst, the stock has gained nearly 30% in 10 trading sessions and is approaching the the key $300 level.
Uber Technologies – Back on watch trading higher pre market is close to an agreement with a San Francisco taxi company to include taxis in its ride-hailing platform in that city. Last week Uber announced a similar agreement in New York City.
Oil Stocks – Crude volatile in premarket trading down more than 1% after yesterday’s slide on reports of possible progress in ceasefire negotiations between Russia and Ukraine. Russia has said “De Escalation discussions are now in a practical phase” and a direct meeting between Putin and Zelenskiy is now possible. XOM, OXY, CVX, MRO, DVN
IGM Biosciences – Higher after entering a collaboration with Sanofi on an agreement to develop antibody medicines for treatment of cancer, immunology and inflammatory diseases.
Guardforce Ai – The retail favorite Thai integrated security solutions provider is higher after providing an update on their expansion plans.