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

AAPL.NQ -0.23%
Apple Inc – Back on watch after an impressive 3 day move, the company on Wednesday won a reprieve from having to make major changes to its lucrative App Store while it appeals an antitrust lawsuit brought by “Fortnite” creator Epic Games. In September, a US judge ordered Apple to change its App Store rules, which ban developers from including links in buttons to outside payment systems rather than using Apple’s own in-app payments that charge a commission on sales.

GME.NY -5.11%
GameStop Corp – Lower after reporting a fiscal third-quarter loss that was wider than analysts’ expected and disappointed investors waiting for more details about how the struggling retailer intends to reshape its operations and lure gamers back. The company reported its net loss grew to $105.4 million, up from $18.8 million a year earlier.

LCID.NQ -6.82%
Lucid Group Inc – Down 5% premarket after announcing a new proposed convertible debt deal. The company plans to sell $1.75B of convertible senior notes.

Nu Holdings – The Warren Buffet, Tencent backed Brazil based neo bank raised raised $2.6 billion in a U.S. initial public offering priced at the top of a marketed range it had earlier lowered. The company, which does business as Nubank, sold 289 million shares Wednesday for $9 each after offering them for $8 to $9. Nubank has a market value of $41 billion based on the outstanding shares listed in its filings with the U.S. Securities and Exchange Commission. Accounting for employee stock options and restricted stock units, the company has a fully diluted value of $44 billion.

TWTR.NY 0.98%
Twitter Inc – Trading higher premarket after Ark Invest’s Cathie Wood in a CNBC interview suggested the platform could play a bigger role in the overall NFT space. The stock is coming off 3 straight strong positive days and will look to continue its post Jack Dorsey recovery. The company also announced it will roll out a new TikTok-like Explore tab for users in a limited number of countries. The tab will help users quickly check out the top trending content on the platform.

DWAC.NQ -1.65%
Digital World Acquisition Corp – Along with fellow Trump linked SPAC CFVI are back on watch after yesterday’s late rally, yesterday we learned California Congressman Devin Nunes has decided to leave Congress to become CEO of Donald Trump’s new media startup. CFVI meanwhile continues its closely linked rally after a distribution deal with Trump Media was announced last week. CFVI

AVCT.NQ 31.07%
American Virtual Cloud Technologies – The micro cap IT services firm updated its current quarter financials yesterday, saying it now projects revenues of its Kandy Business Unit to grow from $14.3Mil in 2020 to approximately $18.8 million in 2021 and in excess of $37 million in 2022. The significant projected growth is driven by 505% year-over-year subscriber growth.

ENSC.NQ 72.82%
Ensysce Biosciences – Former SPAC micro cap, low float biotech trading higher on little to no news, attracting lots of social media attention.

IINN.NQ 53.16%
Inspira Technologies – Signed a strategic agreement with Innovimed for the Potential Deployment of 1,522 ART Systems in Poland, Czech Republic & Slovakia.

SYTA.NQ 23.13%
Siyata Mobile – The recent low float, high flyer who makes Push-to-Talk over Cellular (PoC) devices and cellular signal booster systems, announced yesterday it has received initial orders from customers in the U.S. and in EMEA (Europe, the Middle East, and Africa) with a total value of $550,000.

Leave a Reply

Your email address will not be published.