STOCKS TELEGRAPH

Tag: FUTU

  • Futu Holdings Aiming to Outperform the Rest

    Futu Holdings Limited (NASDAQ: FUTU) has seen top-notch performance all through this year, without fail. It is one of the few mid-sized players on NASDAQ that have delivered quite the win to its shareholders. Only time will tell how far this beast flies, now that the management is shifting focus toward international expansion.

    FUTU’s Rock-Solid Standing

    From a bird’s eye view, Futu Holdings Limited (FUTU) is a rock-solid player operating in the Chinese market, including both the mainland and Hong Kong. As a brokerage, FUTU offers online banking, wealth management services, market data, and a range of other services, to its almost 12 million users. What is most impressive about this financial juggernaut is its focus on international expansion, which will see the company soar to new heights. Its business has understandably been impressive, with top and bottom line performance at 114% and 82% respectively. This star player has been on a roll this year, where even giants had fallen to their knees.

    FUTU Outperforms S&P 500

    Despite the uncertainty and shocks that China saw throughout 2022, Chinese stocks have still fared relatively better than their Western counterparts. In fact, just looking into the price trajectory of FUTU this past year, we see that its growth of 54% vastly outpaced that of the S&P 500, which slipped by almost 20%. The stock, therefore, has been remarkable at hedging against macroeconomic shocks via geographic diversification. Analysts further expect Futu Holdings to continue its upward climb in the short term, with further regulatory tailwinds on the horizon. The stock remains a safe bet entering into a recession.

    Conclusion

    APE preference stock is presently facing a bizarre value discrepancy against ordinary AMC stock. This is resulting in technical complications in the stock market. Due to this, the preferred APE shares have taken off phenomenally, coinciding with a plunge in AMC’s ordinary stock.

  • Futu Holdings Ltd. (FUTU) Further Up on Hopes for Chinese Stocks Over Audit & Delisting Concerns

    Futu Holdings Ltd. (FUTU) Further Up on Hopes for Chinese Stocks Over Audit & Delisting Concerns

    Shares of the Chinese online brokerage and wealth management company, Futu Holdings Ltd. (FUTU) are up 7.17% in the premarket today; April 4, 2022. Valuing at $37.08 at the last check, FUTU has been bullish since Friday. The prior trading session also reported a green picture with gains crossing 6% at the closing value of $34.60.

    Despite being added to the list of equities under consideration for delisting, the stock is flying on presiding hope in the market. On Friday, reports emerged that the Chinese government is considering a new approach to resolving the country’s audit issues with the U.S. This news gave a sigh of relief to Chinese stocks in the U.S. including FUTU.

    Source: Biospace

    Chinese Stock’s Misery, a hopeful affair?

    Chinese stocks have been beaten down on various fronts recently. A blow from Beijing’s relationship with Kremlin and another from U.S. regulatory requirements. While the fears of China supporting the Russian invasion of Ukraine were subsided due to the country’s support announcement for its economical situation, the audit issue is still ongoing.

    U.S. and China had been at an impasse over the regulatory audit requirements for a while. This pushed several U.S-based Chinese stocks towards possible delisting. Recently, five more stocks were added to the list of companies in possible violation of HFCAA (Holding Foreign Companies Accountable Act). These stocks included FUTU among others, which are being evaluated for possible delisting.

    The shadow of gloom caused by the news was neutralized by the latest developments announced on Friday. According to South China Morning Post, the Chinese regulatory commission is currently considering a new approach to vetting the audit data from its finance ministry before sending it for review by U.S. auditors. Thus, Chinese stock including FUTU has been gaining on the glimmer of hope.

    Where is FUTU Headed?

    Even though the company has been having a tough time due to the market situation on top of its missed earnings for 2021, FUTU just might be headed for a better future. If the audit issue is finally resolved as on track, the stock will most definitely be removed from the fearful list.

    Moreover, the latest financials while having missed the earnings expectations did show YOY improvement. The total number of paying clients where reached 1.24 million in 2021 (+141% YOY) is expected to grow to 200,000 in 2022.

    Conclusion

    While the future of FUTU is in its own hands, the troubling woes in the market are finally edging towards a solution. The U.S. and China are leaning towards an agreement on the ongoing audit issue which is clearing the air for FUTU and other Chinese stocks.

  • Issuance of Financial Statement: Futu Holdings Ltd. (FUTU) Stock Plunging Deep in Early Trades.

    Futu Holdings Ltd. (FUTU) is a modernized tech-based business renovating investing opportunities by presenting an online brokerage and wealth managing portfolio. Its digital investing services platforms include Futubull and moomoo, accessible via any mobile device. Its embedded social media tools are utilized to create a network positioned around its clientele.

    The price of FUTU stock during the early trading on March 11, 2022, was last noted to be $26.3 with a decrease of 14.21%.

    FUTU: Key Financials

    On March 11, 2022, FUTU released its consolidated financial statement of Q4 2021 ended December 31, 2021. Some highlights are stated here.

    Revenue

    Net revenues during the fourth fiscal quarter in 2021 were HK$1,602.8 million compared to the same quarter of 2020 when it was HK$1,186.4 million. The company recorded a gain of 35.1% in its net revenue YoY.

    EPS

    Net income per diluted American Depositary Shares in Q4 2021 was HK$498.8 million or HK$3.22 against HK$532.5 million or HK$3.83 in the corresponding period of 2020. The company’s net income decreased YoY by 6.3%.

    FUTU: Events and Happenings

    On February 10, 2022, FUTU reported the receipt of in-principal approvals by its subsidiary to be acknowledged as a Depository Agent of CDP. The subsidiary had also received an EFA status from the Singapore Monetary Authority.

    On December 19, 2021, FUTU announced the effective acquisition of an Australian-based subsidiary holding an Australian Financial Services Licensing. On December 17, 2021, FUTU updated its stance on the media assumptions regarding PRC regulatory strategies. The company is fully committed to disclosing its developments on time that possibly harm its business operations and regulatory growth.

    On December 16, 2021, FUTU informed the press about a contract with StoneCastle Insured Sweep, LLC for providing insured cash sweep amenities to the company’s brokerage customers. Its implementation took place in November 2021.

    Conclusion

    FUTU stock is 37% down year-to-date. The company’s stock plunged in the past year as the global economy was driving towards recession. Its stock dipped in Friday’s early trading session as the news of its financial statement was released. Although the company showed better results than the previous year, its stock dipped as it did not meet the analysts’ expectations.

  • Futu Holdings (FUTU) stock released its upbeat 4th Quarter Earnings results; Here’s are the details

    Futu Holdings (FUTU) stock released its upbeat 4th Quarter Earnings results; Here’s are the details

    The stock price of Futu Holdings (NASDAQ: FUTU) has increased by over 12.9% in the pre-market.

    The major news that comes adjacent to this positive stock movement is Futu Holdings (FUTU) has released its unaudited Fourth Quarter and Full Year 2020’s fiscal results.

    Largest (digital) brokerage in China

    Futu Holdings Limited is a brokerage firm, and its headquarters are based in Hong Kong. This brokerage platform is online, and access to this brokerage is accessible through the internet-device. The Futu firm is gaining massive success in China and is considered a leader in its overseas security brokerage market.

    Being a brokerage firm that is leaning towards the technology sector, Futu Holdings is making the right move of investing heavily in the research and development(R&D) of its technology as well as in analytical tools through which it also serves the role of market-news/data provider on its online platform, for the investors.

    Since the Pandemic started, the stimulus packages, reduced interest rates, and physical business restrictions had made way for the online platforms to be at the center-stage of businesses. This had the same lucrative opportunities and avenues opened for the brokerage market where the investors and consumers’ attention focused on an online-brokerage firm like Futu Holdings (NASDAQ: FUTU).

    FUTU Akin to Robin Hood

    The performance and execution of its core trade and deep-research business operations createa revenue through margin financing. It provides wealth management and investing services specifically for stock markets in the USA, Hong Kong, and China. Futu is also infamously considered the Robin Hood equivalent in China since the Chinese Government’s declaration of change in international trade relations and outlook.

    How does China’s international trade outlook benefit FUTU?

    China is opening up its trade barriers and expanding its trade relations to attract hot foreign money into its Current Account. However, the Chinese citizens are still subjected to a quota for annual foreign exchange of max $50,000. This simply means that the Chinese Government is limiting how much money flows out of the country (capital outflow).

    Fourth-quarter financials and outlook of FUTU fundamentals

    The third quarterly report indicated that FUTU had been consecutively beating its revenue estimates for four previous consecutive quarters, especially since it became Public stock in March 2019. Before releasing the fourth-quarter financial results, it already had positive expectations and strong market sentiment due to the solid backing of the FUTU’s fundamental’s performance.

    Explicitly covering the Fourth Quarter, FUTU highlighted that its total revenues had increased from 281.6% Y-O-Y to US$153 million. The total gross profit increased 321% Y-O-Y to US$121.8 million. The net income was up 11.1 times year-over-year to US$68.7 million.

    Similarly, for the Full year 2020, FUTU highlighted that the total revenues increased by 211.9% Y-O-Y to US$427 million. Total gross profit increased 253% Y-O-Y to US$337.3 million. The net income increased by over 699% Y-O-Y to US$171 million.

    The CEO of Futu Holdings (FUTU) stated that they had added more than 98,000 paying clients on a net-basis and adding a total of 320,000 paying clients in 2020. The total client asset reached HK$285.2 billion, representing more than 227% growth on a Y-O-Y basis while 41.9% growth every quarter.

    FUTU’s CFO indicated that in the fourth quarter, a significant financial investment firm purchased about 50 million Class A ordinary shares of the company in the form of prepaid warrants for an aggregated sum of US$260 million. This will be fruitful for FUTU’s current year’s capital financing balance; for investing in technological infrastructure and global marketing efforts, essentially improving the operational fundamentals for the year 2021.

  • 24 stocks making the biggest moves premarket today

    24 stocks making the biggest moves premarket today

    ‎Bionano Genomics Inc. (BNGO) stock soared 55.84% to $4.8 in the pre-‎market trading. The company recently granted 180-day extension by Nasdaq to regain ‎compliance with bid price rule. The most recent rating by Ladenburg Thalmann, on September ‎‎24, 2020, is a Buy.‎

    ‎Jaguar Health Inc. (JAGX) grew over 14.11% at $0.93 in pre-market trading ‎today.‎

    ‎Castor Maritime Inc. (NASDAQ: CTRM) shares are trading up 5.41% at $0.195 ‎at the time of writing after revealing the pricing of $18.0 million registered direct offering. ‎Company’s 52-week ranged between $0.11 to $2.60.‎

    ‎Bit Digital Inc. (BTBT), a Software – Application company, rose about 18.3% at ‎‎$25.92 ‎in pre-market trading Monday.‎

    ‎Canaan Inc. (CAN) stock moved up 18.72 percent to $7.04 in the pre-market ‎trading.‎

    ‎Ebang International Holdings Inc. (EBON) stock soared 25.7% to $7.63 in the ‎pre-market trading after declared that the Company expects to commence public testing of its ‎cryptocurrency exchange and officially launch the exchange in the first quarter of 2021.‎

    ‎Riot Blockchain Inc. (NASDAQ: RIOT) shares are trading up 7.18% at $18.21 ‎at the time of writing. Company’s 52-week ranged between $0.51 to $18.16.‎

    ‎Marathon Patent Group Inc. (MARA) stock moved up 10.92 percent to $11.58 ‎in the pre-market trading following the declaration from the firm that that it has successfully ‎completed its $200 million shelf offering by utilizing its at-the-market (ATM) facility. ‎

    ‎Seanergy Maritime Holdings Corp. (SHIP) lost over -2.7% at $0.5231 in pre-‎market trading Monday January 04, 2021.‎

    ‎Li Auto Inc. (LI) gained over 4.68% at $30.18 in pre-market ‎trading ‎Monday ‎January ‎‎04, 2021 after reporting that the Company delivered 6,126 Li ONEs in ‎December ‎‎2020, ‎representing an ‎increase of 31.9% month-over-month and 529.6% year-over-‎year. ‎

    ‎Gevo Inc. (GEVO) grew over 10.12% at $4.68 in pre-market trading today.‎

    Before the trading started on January 04, 2021, Kinross Gold Corporation ‎‎(KGC) is up 4.9% to reach $7.7. It has been trading in a 52-week range of $2.72 to ‎‎$10.31.‎

    ‎Ocugen Inc. (OCGN), a Biotechnology company, rose about 125.14% at $4.12 ‎in pre-‎‎‎‎market trading Monday.‎

    ‎Color Star Technology Co. Ltd. (CSCW) stock plunged -9.79% to $0.6351 in the ‎pre-market trading. The company recently revealed strategic partnership with two UAE ‎companies. ‎

    ‎Avinger Inc. (AVGR) is up more than 8.16% at $0.476 in pre-market hours ‎Monday ‎January 04, 2021. The stock had dropped over -6.86% to $0.44 in the last trading ‎session.‎

    ‎Harmony Gold Mining Company Limited (HMY) stock soared 9.19% to $5.11 ‎in ‎the ‎pre-market trading. The most recent rating by JP Morgan, on February 21, 2019, is an ‎Overweight.‎

    ‎PEDEVCO Corp. (PED) is down more than -5.3% at $1.43 in pre-‎‎market ‎hours ‎Monday January 04, 2021. The stock had jumped over 20.80% to $1.51 in the last ‎trading ‎session.‎

    ‎Orbital Energy Group Inc. (NASDAQ: OEG) shares are trading up 5.02% at ‎‎$2.3 at ‎the ‎time of writing after pricing $10 million registered direct offering. Company’s 52-‎week ranged ‎between ‎‎$0.45 to $2.80.‎

    ‎Aethlon Medical Inc. (AEMD) is down more than -6.88% at $2.3 in pre-‎market ‎hours ‎Monday January 04, 2021. The stock had jumped over 19.32% to $2.47 in the last ‎trading session.‎

    Before the trading started on January 04, 2021, Invitae Corporation (NVTA) is ‎up 4.31% to reach $43.61. The company recently revealed that Sean George, co-founder and ‎chief executive officer of Invitae, will present at the 39th Annual J.P. Morgan Healthcare ‎Conference on Tuesday, January 12, 2021 at 10:50 a.m. Eastern/7:50 a.m. Pacific. It has been ‎trading in a 52-week range of $7.41 to $61.59.‎

    ‎Hall of Fame Resort & Entertainment Company (HOFV), a ‎Entertainment ‎company, ‎rose about 31.71% at $1.62 in pre-market trading Monday.‎

    ‎T2 Biosystems Inc. (TTOO) is down more than -3.23% at $1.2 in pre-‎market ‎hours ‎Monday January 04, 2021. The stock had dropped over -0.80% to $1.24 in the last ‎trading session.‎

    ‎Clearside Biomedical Inc. (NASDAQ: CLSD) shares are trading up 7.66% ‎at ‎‎$2.95 ‎at ‎the time of writing. Company’s 52-week ranged between $1.10 to $4.13. Analysts ‎have ‎a ‎consensus ‎price target of $8.‎

    ‎Teligent Inc. (NASDAQ: TLGT) shares are trading down -5.13% at $0.7115 at ‎the time of writing after declaring its financial results for the third quarter ended September ‎‎30, 2020. Company’s 52-week ranged between $0.46 to $6.46. Analysts have a consensus price ‎target of $2.‎

  • 9 Capital Market Stocks Performed Mixed on Monday

    On Monday, U.S. stock markets closed mixed at a 1-week low with the S&P 500. Initially, ‎markets opened up ‎significantly lower on global economic fears on Monday as an increase ‎in Covid strains in the UK sparked greater ‎shutdowns that would hurt trade and economic ‎development. The Dow Jones Industrials closed slightly higher on ‎Monday, as bank stocks ‎rallied after regulators approved stock buybacks for banks and as U.S. disease ‎specialists ‎tried to ease concerns over the Covid mutation in the UK.‎

    The U.S. Congress over the weekend approved a pandemic relief plan of $900 billion, which ‎will support stocks. An ‎aide will be provided as part of a $1.4 trillion measure to fund ‎government operations through the end of the fiscal ‎year on September 30. President ‎Trump has said he will sign the measure after it passes both the House and Senate ‎later ‎Monday.‎

    On Monday, positive investor sentiment was supported by a rise in bank stocks after the ‎Federal Reserve ‎announced its positive results of the Stress Test for U.S. banks late Friday ‎and announced that it would loosen ‎restrictions on buying back of shares for U.S. banks in ‎Q1 2016. JPMorgan Chase and Citigroup’s stock prices ‎jumped more than +3% on Monday, ‎while Goldman Sachs was up more than +6%. ‎‎

    BGC Partners Inc. (NASDAQ:BGCP) shares were trading down -1.18% at $4.19 at the time of ‎writing on Monday.‎

    BGC Partners Inc. (NASDAQ:BGCP) share price went from a low point around $2.07 to ‎briefly over $6.14 in past 52 weeks, though shares have since pulled back to $4.19. BGCP market cap has remained ‎high, hitting $1.56B at the time of writing, giving it price-to-sales ratio of more than 0.

    If we look at the recent analyst rating BGCP, Raymond James downgraded coverage on ‎‎BGCP shares with a Mkt perform rating and a $7.00 price target, which implies room for 2.81% ‎upside momentum this year.‎

    Diginex Limited (EQOS) last closed at $9.58, in a 52-week range of $5.11 to $13.75.

    ‎Futu Holdings Limited (FUTU) stock drop by -1.96% to $42.47. The firm recently declared ‎that a leading global investment firm has agreed to purchase approximately 50,000,000 Class A ordinary shares of ‎the Company in the form of prepaid warrants for an aggregate purchase price of approximately ‎US$260,000,000.

    The Goldman Sachs Group Inc. (NYSE:GS) Shares headed rising, higher as much as 6.13%. ‎The most recent rating by Morgan Stanley, on November 30, 2020, is at an Underweight.

    Marathon Patent Group Inc. (NASDAQ:MARA) rose 23.52% after gaining more than $2.19 ‎on Monday. On December 9, 2020, the firm reported that it has entered into a contract with Bitmain to purchase ‎‎10,000 Antminer S-19j Pro ASIC Miners.

    Morgan Stanley (MS) last closed at $67.83, in a 52-week range of $27.20 to $65.43. On ‎December 18, 2020, the Board of Governors of the Federal Reserve System (FRB) notified Morgan Stanley (NYSE: ‎MS) that it would be permitted to resume repurchases of common stock in the first quarter of 2021, consistent with ‎the FRB’s recently announced distribution limitations.Analysts have a consensus price target of $65.07.

    The Charles Schwab Corporation (SCHW) stock drop by -0.44% to $51.75. On December 14, ‎‎2020, The Charles Schwab Corporation released its Monthly Activity Report. The most recent rating by Wells ‎Fargo, on December 01, 2020, is at an Overweight.

    ‎UP Fintech Holding Limited (NASDAQ:TIGR) Shares headed falling, lower as much as -‎‎3.44%. The company reported on December 9, 2020, that it engaged KPMG Huazhen LLP as its independent ‎registered public accounting firm.

    ‎XP Inc. (NASDAQ:XP) rose 0.84% after gaining more than $0.34 on Monday. XP Inc (XP) ‎declared on December 7, 2020, the closing of its underwritten public offering of 31,654,894 Class A common ‎shares.

  • What changed for these 30 stocks in Pre Market Session

    What changed for these 30 stocks in Pre Market Session

    Usio Inc. (USIO) stock soared 41.54% to $2.59 in the pre-market trading after declaring that it has entered into a non-binding Letter of Intent (LOI) to acquire the assets of Information Management Solutions, LLC (IMS).
    NeuroMetrix Inc. (NURO), a Medical Instruments & Supplies company, dropped about -8.03% at $2.75 in pre-market trading Wednesday.
    Cinedigm Corp. (CIDM) stock moved up 43.36 percent to $1.23 in the pre-market trading following a strategic alliance with Spherex to drive Cinedigm’s global growth.
    Recon Technology Ltd. (RCON) stock moved up 112.5 percent to $3.06 in the pre-market trading.
    Curis Inc. (NASDAQ: CRIS) shares are trading up 2.29% at $6.7 at the time of writing after revealing proposed public offering of common Stock. Company’s 52-week ranged between $0.62 to $3.59. Analysts have a consensus price target of $5.
    Gran Tierra Energy Inc. (GTE) lost over -7.04% at $0.355 in pre-market trading Wednesday December 09, 2020. The firm recently declared a financial update and the Company’s 2021 capital budget and production guidance.
    Aurora Cannabis Inc. (ACB) is down more than -0.94% at $10.5 in pre-market hours Wednesday December 09, 2020. The stock had jumped over 1.24% to $10.60 in the last trading session.
    Carnival Corporation & Plc (CCL) is up more than 2.76% at $24.22 in pre-market hours Wednesday December 09, 2020 following declaration of Cunard, a part of Carnival Corporation & plc (CCL), that it has extended its pause in operations due to the ongoing travel constraints in place across the world. The stock had jumped over 1.59% to $23.57 in the last trading session.
    Before the trading started on December 09, 2020, Occidental Petroleum Corporation (OXY) is up 2.56% to reach $19.62 after reporting upsize of previously announced cash tender offers and consent solicitations for certain of its senior notes. It has been trading in a 52-week range of $8.52 to $47.58.
    Virgin Galactic Holdings Inc. (SPCE) stock soared 2.55% to $34.24 in the pre-market trading. The most recent rating by Goldman, on October 23, 2020, is a Neutral.
    Eastman Kodak Company (NYSE: KODK) shares are trading down -4.04% at $10.7 at the time of writing after getting clean chit from U.S government regarding a government loan. Company’s 52-week ranged between $1.50 to $60.00.
    Moderna Inc. (MRNA) grew over 3.38% at $175.6 in pre-market trading today after declaring that the Swiss Federal Government has increased its confirmed order commitment from 4.5 million to 7.5 million doses of Moderna’s vaccine candidate against COVID-19, mRNA-1273.
    Riot Blockchain Inc. (RIOT), a Software – Application company, dropped about -5.78% at $9.3 in pre-market trading Wednesday.
    Norwegian Cruise Line Holdings Ltd. (NCLH), a Travel Services company, rose about 1.95% at $28.7 in pre-market trading Wednesday after announcing partnership with AtmosAir Solutions.
    XPeng Inc. (XPEV) stock moved down -3.72 percent to $46.88 in the pre-market trading following the pricing of follow-on public offering of American depositary shares.
    Cinemark Holdings Inc. (CNK) stock soared 2.26% to $15.36 in the pre-market trading. The most recent rating by Loop Capital, on November 19, 2020, is a Hold.
    Before the trading started on December 09, 2020, Tonix Pharmaceuticals Holding Corp. (TNXP) is up 0.15% to reach $0.65 after declaring results of positive phase 3 RELIEF study for TNX-102 SL 5.6 mg in Fibromyalgia. It has been trading in a 52-week range of $0.39 to $2.46.
    CBAK Energy Technology Inc. (NASDAQ: CBAT) shares are trading up 3.3% at $5.95 at the time of writing following the publication of securities purchase agreement with certain institutional investors for a registered direct placement of approximately $49.2 million of common stock at a price of $5.18 per share. Company’s 52-week ranged between $0.36 to $11.40.
    Jaguar Health Inc. (NASDAQ: JAGX) shares are trading down -4.84% at $0.3798 at the time of writing. Company’s 52-week ranged between $0.19 to $1.08. Analysts have a consensus price target of $2.
    United Airlines Holdings Inc. (UAL) grew over 1.88% at $49.96 in pre-market trading today after launching virtual, on demand customer service at the airport.
    GameStop Corp. (GME) is down more than -17.59% at $13.96 in pre-market hours Wednesday December 09, 2020 after releasing results for the third quarter ended October 31, 2020. The stock had jumped over 3.61% to $16.94 in the last trading session.
    Before the trading started on December 09, 2020, ADMA Biologics Inc. (ADMA) is up 4.31% to reach $2.18. It has been trading in a 52-week range of $1.45 to $4.65.
    Before the trading started on December 09, 2020, HEXO Corp. (HEXO) is down -2.91% to reach $1.0. The firm recently reported downward revision to its proposed share consolidation ratio. It has been trading in a 52-week range of $0.35 to $2.30.
    United Microelectronics Corporation (UMC) is up more than 1.37% at $8.88 in pre-market hours Wednesday December 09, 2020 afterreporting unaudited net sales for the month of November 2020. The stock had dropped over -3.10% to $8.76 in the last trading session.
    Apache Corporation (NASDAQ: APA) shares are trading up 1.08% at $14.92 at the time of writing following the board of directors of Apache Corporation (APA) has declared a regular cash dividend on the company’s common shares. Company’s 52-week ranged between $3.80 to $33.77. Analysts have a consensus price target of $16.
    Phunware Inc. (PHUN) stock moved down -3.28 percent to $0.81 in the pre-market trading after revealing its receipt of the Privacy Shield certification.
    Sorrento Therapeutics Inc. (SRNE) stock soared 9.62% to $8.66 in the pre-market trading after declaring that it has received CLIA Licensure from the State of California that permits testing of clinical samples. The most recent rating by H.C. Wainwright, on July 31, 2020, is a Buy.
    Sesen Bio Inc. (SESN) gained over 5.42% at $1.75 in pre-market trading Wednesday December 09, 2020 following the announcement of commercial manufacturing and global supply partnership with Qilu Pharmaceutical.
    Before the trading started on December 09, 2020, Futu Holdings Limited (FUTU) is up 2.27% to reach $44.61 after reporting that a leading global investment firm has agreed to purchase approximately 50,000,000 Class A ordinary shares of the Company in the form of prepaid warrants for an aggregate purchase price of approximately US$260,000,000. It has been trading in a 52-week range of $8.16 to $51.10.
    Westwater Resources Inc. (WWR) stock soared 3.87% to $5.63 in the pre-market trading. The company recently provided an update on progress at its pilot plant operations at Dorfner Anzaplan’s facilities near Amberg, Germany, as well as at facilities in Frankfort, Germany, Chicago, Illinois, and Buffalo, New York.

  • Market Movers: What changed for these 45 stocks while you were sleeping

    Market Movers: What changed for these 45 stocks while you were sleeping

    Sundial Growers Inc. (SNDL) stock plunged -11.07% to $0.466 in the pre-market trading. The firm recently reported that it filed new shelf registration statement. The most recent rating by CIBC, on August 17, 2020, is a Neutral.
    Obalon Therapeutics Inc. (NASDAQ: OBLN) shares are trading down -10.87% at $2.05 at the time of writing. Company’s 52-week ranged between $0.62 to $2.14. Analysts have a consensus price target of $3.
    Eastman Kodak Company (KODK) stock moved up 7.14 percent to $12.9 in the pre-market trading after the company gets a clean chit from the U.S. government.
    American Airlines Group Inc. (AAL), a Airlines company, rose about 2.03% at $17.56 in pre-market trading Tuesday.
    Zomedica Corp. (ZOM) gained over 2.45% at $0.18 in pre-market trading Tuesday December 08, 2020 after reporting that, with the hiring of Debra Rock to lead the Company’s Marketing Department, its internal commercial leadership team is complete.
    Before the trading started on December 08, 2020, Tesla Inc. (TSLA) is down -0.35% to reach $639.5. It has been trading in a 52-week range of $65.45 to $607.80.
    Nano Dimension Ltd. (NNDM) is up more than 8.55% at $7.24 in pre-market hours Tuesday December 08, 2020 following the declaration of its Pricing $180 million registered direct offering. The stock had dropped over -10.35% to $6.67 in the last trading session.
    Apex Technology Acquisition Corporation (NASDAQ: APXT) shares are trading up 4.31% at $15.25 at the time of writing. Company’s 52-week ranged between $9.13 to $17.25.
    FuelCell Energy Inc. (FCEL) stock soared 2.55% to $8.03 in the pre-market trading. The firm recently reported completion of the previously announced underwritten public offering of 39,696,320 shares of its common stock. The most recent rating by JP Morgan, on November 19, 2020, is a Neutral.
    RMG Acquisition Corp. (RMG) gained over 3.24% at $17.2 in pre-market trading Tuesday December 08, 2020.
    BlackBerry Limited (NYSE: BB) shares are trading up 4.24% at $8.6 at the time of writing. The AI security provider recently declared that it will report results for the third quarter of fiscal year 2021 at 5:30 p.m. ET on Thursday, December 17, 2020. The Company’s 52-week ranged between $2.70 to $9.69.
    Kaixin Auto Holdings (KXIN) is up more than 6.9% at $4.65 in pre-market hours Tuesday December 08, 2020. The stock had dropped over -11.22% to $4.35 in the last trading session.
    XPeng Inc. (XPEV) gained over 2.19% at $49.36 in pre-market trading Tuesday December 08, 2020 after declaring that it intends to offer and sell 40,000,000 American Depositary Shares.
    Ideanomics Inc. (IDEX) is up more than 9.66% at $2.27 in pre-market hours Tuesday December 08, 2020. The stock had jumped over 2.48% to $2.07 in the last trading session.
    HEXO Corp. (HEXO) stock plunged -4.95% to $0.96 in the pre-market trading following the proclamation of downward revision to its proposed share consolidation ratio. The most recent rating by Cantor Fitzgerald, on July 22, 2020, is a Neutral.
    Before the trading started on December 08, 2020, Li Auto Inc. (LI) is up 3.21% to reach $32.5. It has been trading in a 52-week range of $14.31 to $47.70.
    Kandi Technologies Group Inc. (NASDAQ: KNDI) shares are trading up 7.18% at $9.1 at the time of writing. The firm recently issued chairman’s letter to shareholders. Company’s 52-week ranged between $2.17 to $17.45.
    Virgin Galactic Holdings Inc. (SPCE), a Aerospace & Defense company, rose about 6.12% at $35.87 in pre-market trading Tuesday.
    Moderna Inc. (MRNA) grew over 3.44% at $165.01 in pre-market trading today after reporting that Canada exercises increased option for total of 40 million doses of mRNA vaccine candidate against COVID-19 (mRNA-1273).
    Platinum Group Metals Ltd. (PLG) is up more than 17.21% at $4.7 in pre-market hours Tuesday December 08, 2020. The stock had jumped over 29.35% to $4.01 in the last trading session.
    United Microelectronics Corporation (NYSE: UMC) shares are trading up 1.22% at $9.15 at the time of writing following the declaration of its unaudited net sales for the month of November 2020. Company’s 52-week ranged between $2.10 to $8.96.
    Energy Fuels Inc. (UUUU) stock soared 6.32% to $3.03 in the pre-market trading. The most recent rating by Noble Capital Markets, on May 13, 2019, is a Market perform.
    ToughBuilt Industries Inc. (TBLT), a Tools & Accessories company, dropped about -10.84% at $0.7356 in pre-market trading Tuesday after reporting the launch 14 new tool organization SKUs at LOWE’S nationwide.
    IZEA Worldwide Inc. (NASDAQ: IZEA) shares are trading down -6.68% at $0.885 at the time of writing. Company’s 52-week ranged between $0.07 to $3.13.
    Gran Tierra Energy Inc. (GTE) gained over 64.15% at $0.5 in pre-market trading Tuesday December 08, 2020 following the publication of a financial update and the Company’s 2021 capital budget and production guidance.
    Electrameccanica Vehicles Corp. (SOLO) gained over 4.15% at $7.78 in pre-market trading Tuesday December 08, 2020.
    Before the trading started on December 08, 2020, iBio Inc. (IBIO) is down -8.67% to reach $1.37 after revealing an underwritten public offering of its common stock. It has been trading in a 52-week range of $0.19 to $7.45.
    Cinedigm Corp. (CIDM) is down more than -2.34% at $0.671 in pre-market hours Tuesday December 08, 2020. The stock had dropped over -1.63% to $0.69 in the last trading session.
    CBAK Energy Technology Inc. (CBAT), a Electrical Equipment & Parts company, rose about 8.98% at $7.04 in pre-market trading Tuesday after declaring that its wholly owned subsidiary, Dalian CBAK Energy Technology Co., LTD signed a joint development agreement with Wuxi Lead Intelligent Equipment Co., Ltd..
    Before the trading started on December 08, 2020, Torchlight Energy Resources Inc. (TRCH) is up 2.99% to reach $0.69. It has been trading in a 52-week range of $0.21 to $1.09.
    Before the trading started on December 08, 2020, Sumo Logic Inc. (SUMO) is up 5.43% to reach $26.0 after releasing financial results for the third quarter of its fiscal 2021, ended October 31, 2020. It has been trading in a 52-week range of $16.71 to $30.29.
    QEP Resources Inc. (QEP) is up more than 5.63% at $2.25 in pre-market hours Tuesday December 08, 2020. The stock had dropped over -1.39% to $2.13 in the last trading session.
    ON Semiconductor Corporation (NASDAQ: ON) shares are trading up 4.63% at $31.99 at the time of writing. The firm lately revealed that Hassane El-Khoury has been named as the company’s president, chief executive officer and member of its board of directors. Company’s 52-week ranged between $8.17 to $30.04.
    Uranium Energy Corp. (UEC) stock soared 11.89% to $1.6 in the pre-market trading. The most recent rating by Canaccord Genuity, on October 14, 2020, is a Speculative buy.
    Stitch Fix Inc. (SFIX) gained over 33.27% at $47.75 in pre-market trading Tuesday December 08, 2020 following the releaseof its financial results for the first quarter of fiscal year 2021 ended October 31, 2020
    Switchback Energy Acquisition Corporation (SBE) grew over 1.76% at $37.01 in pre-market trading today.
    Stealth BioTherapeutics Corp (MITO) is down more than -1.34% at $1.47 in pre-market hours Tuesday December 08, 2020 after announcing appointment of Eve E. Slater, M.D., F.A.C.C. to its Board of Directors. The stock had jumped over 14.62% to $1.49 in the last trading session.
    Gevo Inc. (GEVO) grew over 3.59% at $1.73 in pre-market trading today.
    Before the trading started on December 08, 2020, Trillium Therapeutics Inc. (TRIL) is down -5.29% to reach $14.51 after presenting at the American Society of Hematology (ASH) Annual Meeting, taking place virtually from December 5-8, 2020. It has been trading in a 52-week range of $0.29 to $20.96.
    Lizhi Inc. (LIZI) stock moved up 2.11 percent to $3.88 in the pre-market trading.
    Dare Bioscience Inc. (DARE) stock soared 5.26% to $1.4 in the pre-market trading after declaring positive topline results from DARE-BVFREE, a Phase 3 trial of DARE-BV1 in patients diagnosed with bacterial vaginosis.
    Top Ships Inc. (TOPS) gained over 6.04% at $1.58 in pre-market trading Tuesday December 08, 2020.
    Westwater Resources Inc. (WWR) grew over 1.37% at $5.94 in pre-market trading today following update on pilot plant operations provided by company.
    InterPrivate Acquisition Corp. (IPV) stock moved up 5.25 percent to $15.03 in the pre-market trading.
    Before the trading started on December 08, 2020, Futu Holdings Limited (FUTU) is up 2.41% to reach $43.31 following the announcement of agreement to purchase shares by a leading global investment firm. It has been trading in a 52-week range of $8.16 to $51.10.