Morning Movers
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SQUEEZE.STOCKS -1.23%
Squeeze Stocks – Trading lower as a group again this morning after yesterday’s declines, the now two week long rally showed signs of weakness Thursday after AMC announced another 11.5m share offering, the stock closed down more than 18% on the session and is trading down more than 9% premarket. BB shares also tumbled Thursday, retail investors now account for more than 80% of AMC’s shareholder base, many institutional shareholders said late Thursday they will steer clear of the stock, while analysts have warned the shares were heavily over-valued. As of Thursday’s close, AMC boasted a market capitalization of $25.76 billion, making it more valuable than 40% of the companies in the S&P 500. AMC, GME, WKHS, NKLA, CLOV, BLNK, BB, EXPR, TLRY, SNDL, Z, BBBY, KOSS, GTT, RKT, PETS.

FB.NQ -0.40%
Facebook Inc – Shares of world’s largest social network are lower premarket set to open near a near two-week low. The European Union and UK have launched an antitrust investigations into FB’s use of advertising data in its classified ads platform. Probes are investigating whether FB uses data from advertisers to compete with them, could force changes in the platform and bring hefty fines.

TSLA.NQ 1.55%
Tesla Inc – Looking to bounce back after yesterday’s late session sell off, the move followed data showing Tesla’s vehicle orders in China fell by nearly half in May compared to April, as it continues to grapple with a backlash caused by its inappropriate handling of a woman customer complaining about her Model 3’s brake failure in April.

DOCU.NQ 6.55%
DocuSign Inc – E-signature vendor’s shares are higher in premarket trading after posting Q1 results that beat, the company also said it is set to cut its YTD losses to ~8%. There were plenty of highlights and very little to pick on in the quarter that saw a clean growth result from J.P.Morgan analysts who cut their PT by $16 to $255 on valuation concerns after DOCU, a stay-at-home darling, trebled in value last year.

F.NY 3.06%
Ford Motor Co – Higher for the third straight session in early trading on a JP Morgan upgrade and PT increase to $18 from $16. Data out of Russia showed May auto sales increased nearly 140% YoY, Russia makes up 8% of Ford’s yearly auto sales.

PLTR.NY -0.25%
Palantir Technologies – Back on watch after a muted session Thursday, a campaign has been launched in the UK to try to stop the US tech giant from working with the UK’s National Health Service. The “No Palantir in Our NHS” campaign — launched at an event on Thursday — comes after Palantir partnered with the NHS on a Covid-19 “Data Store.” The project was designed to help the government and health service use data to monitor the spread of the virus.

KNDI.NQ 6.58%
Kandi Technologies – Looking to rebound after a post market sharp rally yesterday that followed news of multiple new products being launched by the Chinese based EV maker. There are also multiple positive analysts notes on the stock today.

SENS.AM 34.15%
Senseonics Holdings – Shares of the medical device maker are trading higher by more than 30% in premarket trading, set to open at an over two-month high after the company said its implantable continuous glucose monitoring system, Eversense, showed strong accuracy in a study, and had no serious adverse events.

WINT.NQ 28.79%
Windtree Therapeutics – Oppenheimer analyst initiates coverage on the micro-cap biotech with a “Outperform” rating and announced a PT of $8.

PSTH.NY -6.51%
Pershing Square Tontine Holdings – Bill Ackman’s SPAC Pershing Square is down more than 7% premarket after Vivendi confirms talks to buy Universal Music stake. Pershing Square Tontine Holdings is in talks to buy 10% of Universal Music Group in a deal that would value the label at $40 billion and make it the largest ever investment by a blank check vehicle.

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