Morning Movers
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TSLA.NQ -0.02%
Tesla – CEO Elon Musk spoke at the “Cyber Rodeo” event marking the opening of the new 1.1B factory in Austin Texas. Once ramped up the plan is for 500k Model Y produced a year there. Musk teased new products such as the Cybetruck and new robotaxi. In addition, Tesla may also start production of its humanoid “Optimus” robot as early as next year. Shares are also shaking off a recall of 128k vehicles in China over a rear motor inverter defect.

HOOD.NQ -4.64%
Robinhood – Facing a 4th straight day of declines after GoldmanSachs downgrades to Sell from Neutral with a new price target of $13 from $15 previously. The analysts cited bleak user engagement and growth as shares reach closer to their all time lows from January.

CRWD.NQ 3.90%
Crowdstrike – Shares of the cybersecurity technology company are higher premarket by 4% after authorization to protect US department of defense assets. The authorization permited will allow them to deploy their Falcon cybersecurity platform to many Department of Defense and Defense Industrial base clients. Crowdstrike also recieved an upgrade from Deutsche Bank with a price target raise to $270 from $240.

KR.NY 2.94%
Kroger – The Supermarket stock is up 2.6% after being upgraded to a buy from Neutral. Food inflation being an upside earnings driver. This comes on the heals of big strength by Costco yesterday and Shares of Rite Aid plummeting

SAVE.NY 1.28%
Spirit Airlines – Set to begin talks with JetBlue regarding the rivals $3.6 takover bid. Spirit had agreed to be taken over by Frontier Airlines parnent but the JetBlue offer could lead to a superior proposal. Shares are trading up over 1.% in the prmarket

BWV.NQ 30.97%
Blue Water Vaccines – Up over 33% after a wild day of trading that saw shares fall 83% with no official news catalyst. The 4.2 million float name halted several times during a wild trading day and has been the subject of social media chatter.

MDVL.NQ 39.01%
MedAvail Holdings – Shares are higher for a second straight day up over 40% after it was announced yesterday a major shareholder Wtt-Medavail Ltd Abg acquired more than 14 million shares at an average price of $1.06. MDVL trades with a 33 million share float.

BFRI.NQ 13.17%
Biofrontera Inc – Shares trading sharply higher again, up as much as 30% premarket after a strong move yesterday after reporting product revenues would reach record levels. No additional news today as the low float (3.6 million) has been popular on social media and highly active.

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