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

MRNA.NQ -11.74%
Moderna Inc – Down sharply premarket after cutting its full-year sales forecast for its COVID-19 vaccine to between $15 billion and $18 billion from $20 billion estimated previously, as the vaccine maker struggles with the production of its two-dose inoculation. The company said it was now expecting deliveries of between 700 million and 800 million doses this year, down from its prior expectations of between 800 million and 1 billion doses. Moderna said its sales could be in the range of $17 billion to $22 billion next year as it signs deals with more countries for its vaccines and booster doses.

QCOM.NQ 9.22%
Qualcomm Inc – Forecast better-than-expected profits and revenue for its current quarter on soaring demand for chips used in phones, cars and other internet-connected devices. The chipmaker said revenue in this quarter rose 43% to $9.32 billion compared with estimates of $8.86 billion, according to Refinitiv data. It earned $2.55 per share, on an adjusted basis, exceeding analyst expectations of $2.26. Its chip segment had fourth quarter revenues of $7.73 billion, above analyst expectations of $7.27 billion, according to data from FactSet.

ROKU.NQ -6.83%
Roku Inc – The company forecasts Q4 total revenue of $893 mln, below estimates of $928.98 mln. Roku said supply chain disruptions may impact overall holiday season in terms of shipping delays, product prices, availability. J.P.Morgan says ad spend in some industries impacted by macro/supply chain challenges, which weighed on Q4 revenue forecast; cuts PT to $435 from $500. Roku grew total net revenue 51% year-over-year to $680 million, but it was lighter than investors expected. The streaming platform’s active accounts reached 56.4 million, a net increase of 1.3 million active accounts from the prior quarter — an even further slowdown from Q2 2021, when it netted 1.5 million.

Z.NQ 3.33%
Zillow Group – Active again premarket trading higher after 3 straight days of declines, according to Bloomberg Cathie Wood’s exchange-traded funds sold 3.9 million shares in Zillow Group Inc. on Wednesday as the stock’s rout deepened — a day after buying 288,813 of the securities. The stock has tumbled as investors question its strategic goal of shifting from a company known for real estate listings to one that gets a bigger piece of the lucrative business around property transactions.

M.NY 1.64%
Macy’s – Back on watch after an impressive multi-session rally, large shareholder NuOrion Advisors has sent a letter to the Chairman Of Macy’s demanding urgent board action to accelerate its digital transformation – The letter highlighted that acy’s should form partnerships with EV car companies that will drive enormous traffic to Macy’s stores and should also immediately accept crypto payments. “We believe that Macy’s digital and retail footprint should be worth more than $75 per share.”

BIRD.NQ -3.63%
Allbirds Inc – More than doubled briefly in its trading debut after its initial public offering topped the shoemaker’s goals to raise US$303 million. Shares of the San Francisco-based company, which sold in the IPO for US$15, opened trading Wednesday at US$21.21 and briefly rose as much as 116 per cent. The stock closed up 92.6 per cent to US$28.89, giving the company a market value of US$4.2 billion. Accounting for employee stock options and similar holdings, the company has a fully diluted value closer to US$4.7 billion.

EVAX.NQ 230.90%
Evaxion Biotech – Up sharply on social media attention. The company announced last week it entered into an agreement to test EVX-01 in collaboration with Merck & Co. 19.2m share free float.

PETZ.NQ 72.15%
TDH Holdings – Announced after market yesterday it entered into an agreement, closing of a registered direct placement of $9.9 Mln of common shares and warrants.

NPTN.NY 34.55%
NeoPhotonics – Small cap semiconductor sharply higher after reporting better than expected quarterly results.

Leave a Reply

Your email address will not be published.