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DWAC.NQ -4.98%
Digital World Acquisition Corp – Reports late Thursday suggested former President Donald Trump’s new media venture plans to launch its social media app Truth Social on Feb. 21, according to an Apple Inc App Store listing. TRUTH Social, the Trump Media & Technology Group alternative to Twitter, is available for pre-order before going live on the U.S. Presidents’ Day holiday.

GME.NY 17.00%
GameStop Corp – The video game retailer and “meme stock” jumped 18.3% to $155 premarket; According to reports the company is launching a division to develop a marketplace for non-fungible tokens (NFTs) and establish cryptocurrency partnerships.

AMC.NY 4.50%
AMC Entertainment – Higher after yesterday’s GME related afternoon rally, GME and AMC remain among the most watched and discussed stocks on Stocktwits and other trading related forums.

RIVN.NQ 0.26%
Rivian Automotive – Back on watch after yesterday’s sharp selloff, the stock fell as much as 16.5% to hit a record low of $75.13, before paring losses to close ~3% down. The tumble came alongside a selloff in other EV stocks as the race for market share intensifies and legacy cos ramp up their own production. It also happened a day after RIVN investor and customer Amazon.com Inc tied up with Stellantis NV to deploy smarter cars and cleaner vans.

CHIP.STOCKS 1.02%
Chip Makers – Showing some strength premarket as a group after European counterparts STM Micro and ASML both beat expectations with their latest quarterly results. More positive analysts moves on both AMD and NVDA this morning. TSM, AMD, NVDA, INTC

MRIN.NQ 21.74%
Marin Software – Announced integration with Amazon Ads’ demand-side platform (DSP) to expand Amazon advertising solutions. The company said integration will allow brands to easily manage, measure, and optimize their Amazon advertising campaigns. Amazon DSP enables advertisers to reach audiences at scale across Amazon sites and apps as well as leading publisher sites and third-party exchanges.

DKNG.NQ 1.59%
DraftKings – Higher premarket and looking to extend Thursday’s rally ahead of the launch of legal mobile sports betting in New York State, beginning Saturday morning.

ABSI.NQ 52.61%
Absci Corp – The company signs agreement with Merck under which it will deploy its bionic protein amino acid technology to produce enzymes tailored to Merck’s biomanufacturing applications. ABSI to receive an undisclosed upfront payment and certain other milestone payments. MRK also has option to nominate up to three targets and enter into a drug discovery collaboration agreement; ABSI would then be eligible to receive up to $610 mln in upfront fees and milestone payments.

QNRX.NQ 22.41%
Quoin Pharmaceuticals – Micro cap pharma stock initiated at Maxim Group with a “Buy” rating and $5 PT.

HGSH.NQ 21.72%
China HGS Real Estate – Chinese real estate stock getting attention on social media after data showed a sharp increase in short % recently.

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