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TWTR.NY 1.59%
Twitter Inc – Said after the close Wednesday it has agreed to sell mobile ad company MoPub to AppLovin Corp for $1.05 billion in cash, as the microblogging platform looks to focus more on advertisements on its own app and website. MoPub, which generated about $188 million in annual revenue for Twitter last year, allows companies to keep track of ad inventory in real time, similar to Google’s DoubleClick.

AFRM.NQ -0.04%
Affirm Holdings – Lower premarket after yesterday’s impressive 20% rally that followed news retail heavyweight Target said its shoppers will be able to use the company’s buy-now, pay-later service for some of their purchases.

TLRY.NQ 4.79%
Tilray Inc – Reported a 43% rise in first-quarter revenue, driven by strong demand for cannabis after coronavirus-led lockdowns. Missed expectations on both top and bottom line numbers. TLRY said its revenue rose to $168 million in the quarter ended Aug. 31 from $117.49 million a year earlier. Net cannabis revenue jumped 38%. Tilray’s net loss widened to $34.6 million in the first quarter from $21.74 million, as total expenses more than doubled.

CHINESE.STOCKS 4.32%
Chinese Stocks – Trading higher as a group following a rally in Hong Kong shares and as concerns around U.S.-Sino trade relations and Evergrande’s debt crisis appeared to ease. Shares in tech giants Alibaba and Baidu are up 5.3% and 3.5%, respectively, while ride-hailing firm Didi and electric-car maker Nio are gaining more than 3.3% each. GS also upgraded NIO to “BUY” from “NEUTRAL” Fund giant Fidelity is putting money back into Chinese stocks saying the recent Evergrande-led rout is presenting opportunities in the country’s beaten up bond markets. BABA, BIDU, JD, PDD, DIDI, NIO

CEI.AM 30.43%
Camber Energy – Back above the psychological $1 level and active again premarket stock was the second-most traded stock among Fidelity customers on Wednesday. The company said it is not considering a reverse stock split at this time, in a filing late on Wednesday. Filing comes after CEI shares shed 70% in value in the wake of a Kerrisdale Capital’s short report that claimed “the market is badly mistaken about co’s share count and ignorant of its terrifying capital structure”

SNAP.NY 2.28%
Snap Inc – Shares in photo-messaging app owner are up 1.8% at $74.43 premarket. The company announced it will launch an in-app tool to educate users searching for drug-related keywords on Snapchat about the dangers of drugs and is working on tools for parents to help keep teenagers safe on the service.

GM.NY 1.33%
General Motors Co – CEO Mary Barra told investors at its event Wednesday that the automaker plans to double revenue by 2030, expanding profits from combustion vehicles as it rolls out new electric vehicles and new digitally powered services in a bid to catch up with Tesla Inc. If GM succeeds, its annual revenue by 2030 would be about $244 billion, and the automaker would be the leader in electric vehicle sales in the United States.

CNET.NQ 18.26%
ZW Data Action Technologies – Launches its Blockchain Infrastructure Platform for Business Applications on NFT and DeFi.

NURO.NQ 14.27%
NeuroMetrix Inc – Trading sharply higher early on after submitting an FDA application for fibromyalgia device.

RKLB.NQ 8.64%
Rocket Lab USA – Shares of satellite transportation provider after announcing a new NASA contract to Advanced Composite Solar Sail System (ACS3) on its rocket Electron. Electron is the second-most frequently launched U.S. rocket annually and allows multiple satellites to be deployed to individual orbits.

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