Key US stock index futures rallied on Tuesday, indicating that US exchanges may continue to rally after hitting record highs on Monday.
Banknotes and Coins
The ruble is growing against the dollar during the day amid rising oil prices. Futures on the Dow Jones Industrial Average (DJIA) increased by 0.47%, to 30448.5 points, on the NASDAQ high-tech index – by 0.4%, to 128,834.25 points. Futures on the broad market index S&P 500 – by 0.46%, to 3744.62 points. The S&P 500 is up more than 15% this year, while the Nasdaq Composite is up more than 43% in 2020 alone. The weakest growth was shown by the DJIA – it was only 6%.
Trading volumes are usually lower in the last days of the year, when many people are already resting, which can reinforce market dynamics.
Investor optimism is also supported by domestic news. So, on Tuesday, the House of Representatives of the US Congress voted for the increase in compensation in connection with the coronavirus to $2,000 per person demanded by President Donald Trump, instead of the $600 specified by the previously approved economic aid package. The move comes after Trump signed a $900 billion congressional bailout package on Sunday after a multi-day delay. The President said that he is demanding from both houses of Congress to increase the amount of payments to $2,000 per person.
Today Top Movers
Guardion Health Sciences Inc (GHSI) share price is up 14.83% at $0.36 in premarket trading today after declariong the appointment of Bret Scholtes, a veteran of the nutritional products industry for nearly a decade, as its President and Chief Executive Officer, and as a member of the Board of Directors.
Opko Health Inc (OPK) share price gaining 1.78% at $3.99 in today’s premarket trading session.
Sundial Growers Inc (SNDL) share price is at $0.48, soaring 0.36% in early morning trading on Tuesday following an announcement of concentrates licence agreement with Simply Solventless.
IRIDEX Corporation (IRIX) is increasing 31.95% of its share price at $3.14 in premarket trading on Tuesday.
Top Upgrades & Downgrades
KeyBanc turned bullish on Continental Resources Inc. (CLR), upgrading the stock to “Overweight” and assigning a $20.0 price target.
H.C. Wainwright turned bullish on Tenax Therapeutics Inc (NASDAQ: TENX), initiating the stock at “Buy” and assigning the target to $5, representing potential downside of 367.29% from Monday’s close.
H.C. Benchmark turned bullish on Porch Group Inc (PRCH), initiating the stock at “Buy” and assigning the target to $24, representing potential downside of 63.15% from Monday’s close.
Earlier Tuesday RBC Capital reduced its rating on Aprea Therapeutics Inc. (APRE) stock to Sector Perform from Outperform and assigned the price target to $10.0. With shares trading at around $5.50, the Wall Street firm thinks Aprea Therapeutics Inc.’s stock could add than 72.35%.
Baird analysts reduced their investment ratings, saying in research reports covered by the media that its rating for Arcturus Therapeutics Holdings Inc. (ARCT) has been changed to Neutral from Outperform and the new price target is set at $69.0.
Latest Insider Activity
Moderna Inc. (MRNA) President Hoge Stephen announced the sale of shares taking place on Dec 24 at $125.17 for some 5,000 shares. The total came to more than $0.63 million.
Immersion Corporation (IMMR) Director MARTIN WILLIAM C sold on Dec 24 a total 3,779,801 shares at $9.00 on average. The insider’s sale generated proceeds of almost $28206.
DPW Holdings Inc. (DPW) Chairman and CEO AULT MILTON C III declared the purchase of shares taking place on Dec 23 at $3.84 for some 520 shares. The transaction amount was around $1995.
Eos Energy Enterprises Inc. (EOSE) Director DIMITRIEF ALEXANDER bought on Dec 17 a total 20,000 shares at $14.57 on average. The purchase cost the insider an estimated $291,400.
