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Tag: NAKD

Ticker Update “NAKD” to “CENN”: Centro Electric Group Ltd. (NAKD) Bullish After Market

On January 13, Centro Electric Group Ltd. (NAKD) announced the change of its NASDAQ trading symbol to “CENN” from “NAKD”. Consequent to the news, the stock became bullish in the after hours.

During the regular session, NAKD stock fluctuated between %3.06 and $2.60 at 15.47 million shares. Following the announcement, the stock saw a reversal as it gained 5.36% at $2.75 in the after-hours session.

What is Happening with NAKD?

Recently, the swimwear and apparel company, Naked Brand Group (NAKD) acquired the outstanding capital stock of three entities comprising Cenntro Automotive Group (CAG). Further, this acquisition was completed after its approval by shareholders at an Extraordinary General Meeting on December 21, and Nasdaq Listing Qualifications Department on December 30.

The now acquired Cenntro Automotive Group is a commercial EV technology company. It has advanced, market-validated commercial electric vehicles. As of November 2021, Cenntro had delivered 3,600 commercial EVs in over 16 countries.

The Combined Company

After closing of the acquisition, the company changed its name to “Cenntro Electric Group Limited”. Moreover, the combined company is led by Chairman and CEO of CAG, Peter Wang along with his management team. In addition, the board of the combined company includes the former Chairman and CEO of NAKD, Justin Davis-Rice and non-Executive Director Simon Tripp.

Furthermore, the combined company has in excess of $US250 million in cash along with liabilities of less than US$10 million.

Ticker Symbol Update

Based on the name change following the completion of the acquisition, the company also announced its trading symbol change on Thursday. Hence, the company will trade under the new ticker symbol “CENN” at the opening of the market trading on Friday, January 14, 2022.

Investors’ Response to NAKD Merger

Initially, the sudden pivot of the apparel company to EV was taken pretty positively by the investors. The stock saw some good gains when the news was first disclosed. After the initial hype subsided, the investors’ actual frights came to light about the merger. Consequently, the stock suffered great losses, losing 51.31% year-to-date. Moreover, another reason for the downtrend in the stock has been the stock lock-up related to the merger. The Hong Kong-based companies Cenntro Enterprise Limited, and Trendway Capital Limited made an agreement with China Leader Group. As per the agreement, the companies locked up their holdings in Cenntro Electric. Additionally, the companies would not sell their shares until 180 days after the completion of the merger.

January 14, 2022
Naked Brand Group Ltd. (NAKD) Stock Prices Trending Down as Pandemic Continues to Devastate the Economy

Naked Brand Group Limited (NAKD) stock prices were down by 2.60% as of market close on June 15th 2021, bringing the price per share down to USD$0.7169 at the end of the trading day. Subsequent pre-market fluctuations saw the price fall by another 1.45%, bringing it to USD$0.7065.

New e-Commerce Status Quo

with the onset of the global coronavirus pandemic having devasted the retail space with the forced closure of brick-and-mortar stores, buyers and sellers have turned to e-commerce. NAKD, too, has followed this trend as a means of circumventing pandemic-related regulations and government-mandated restrictions. The company went so far as to completely dispose of its brick-and-mortar operations on account of their lack of profitability, as per an announcement near the start of the fiscal year 2021.

Bendon Ltd. Divesting

The drastic restructuring efforts culminated in the signing of a nonbinding and non-exclusive term sheet that would see the divestment of NAKD from its subsidiary Bendon Ltd. The subsidiary will be divested to a group composed of existing NAKD management, as the company focuses its attention exclusively on its strategy to facilitate the rapid acceleration of the proliferation of its e-commerce business.

Reallocation of Resources

Subsequent to the completion of the divestiture, the allocation of resources and efforts towards the development of the Frederick’s of Hollywood online business has taken top priority. NAKD has also indicated plans to capitalize on the strategic acquisitions available in the e-commerce market space. This is done in the hopes of not only consolidating the existing online business but facilitating the additional generation of cross business operational synergies.

Scope of e-Commerce Business

Recent capital generation has had the funds deployed for complimentary growth business in the e-commerce sector, which boasts high margins. This move could also see future investments in technologies to better serve customers with a positive experience of the company’s online offerings. The company finds itself with unprecedented capital to invest where it sees fit, given the absence of the unprofitable Bendon business leeching capital to keep it afloat amid consistent and significant losses.

Future Outlook for NAKD

After the completion of the divesting project that was in the works for a very long time and presented many obstacles to the management team from an operational and financial standpoint, the company is poised to capital on its newfound weightlessness. With a strong balance sheet, no reported debt, and an operating model that is asset-light, the company forecasts continued success in a very favorable M&A environment in global e-commerce businesses. Current and potential investors are hopeful that management will continue to leverage the resources at their disposal to facilitate significant and sustained increases in shareholder value.

June 16, 2021
Why did Naked Brand Group Limited (NAKD) stock fall in Pre-Market today?

Shares of Naked Brand Group Limited (NAKD) stock were down today in the Pre-Market trading session.NAKD stock price was down by 2.14% to drop at $0.68 a share as of this writing. It seems that NAKD is not performing well in recent times as it was down by 2.10% at the previous closing. Let’s try to understand the current scenarios of NAKD stock.

What’s happening?

Naked Brand Group Limited (NAKD) is the leading company in intimate apparel and sells its products in Australia, New Zealand, United States, and Europe through offline and online mediums. NAKD stock performed well in early 2021 but it seems that NAKD is again falling back to earth for the past couple of months. Currently, we find no specific news by the Naked Brand to justify this bearish sentiment. Furthermore, there are no signs of analysts downgrades or shrank targeted per share price of NAKD. A situation like this spreads confusion among investors as one group of investors thinks of it as the opportunity to buy while the other group shows reluctance to take any decision. So what you need to know at this time? Let’s look at the business development of NAKD stock.

Business Development:

On March 29, 2021, Naked stock announced that it had completed multiple strategic capital financing that resulted in the net proceeds of $270 million and weaned itself from debt obligations. Moreover, NAKD is in the final stages of getting shareholder approval for divestiture of its brick-and-mortar operations. Divestiture of Bendon Brick-and-Mortar operations is expected to be complete in the second quarter of 2021.

Following the current scenarios, NAKD Management is focused on the advancement and expansion of E-commerce business in order to meet the requirements of the digital world and making Naked Brand, a lead, in the intimate apparel market. Fortunately, Naked stock has a considerable amount in its balance sheet to support the development of Naked’s digital transformation.

Conclusion:

Things are gloomy for NAKD stock as far as market sentiment is concerned. The good part is that NAKD stock is free from debt and has sufficient capital for the growth of its eCommerce business. But there is a big question mark whether Naked’s efforts for its eCommerce business would prove to be fruitful or not as many big brands are still struggling due to great competition. Hence investors should consider all the pros and cons in addition to fundamental and technical analysis of Naked stock before taking any decision.

April 6, 2021
The Naked Brand Group Limited (NAKD) stock plunged today. Here’s why it happened

Naked Brand Group Limited (NASDAQ: NAKD) stock recently traded at $0.70 and is down 8.3%, at the time of this writing. The recent activity that correlates with this news is the fact that investors are becoming aware of the company’s poor-performing fundamentals and are pulling out of the stock.

The rise and fall of Naked Brand Group’s fashion trend

Naked Brand Group Limited (NAKD) was considered to be Europe’s top 20 fastest growing companies. The company is a designer and manufacturer of apparel and swimwear outfits. It has collaborated with many popular brands for several projects. The apparel company’s mission outline states “focused on enhancing the architecture of the body”.

However, contrary to its mission statement, NAKD has not been focusing on its own fundamentals which have been severely weakened. The apparel company has been reporting net losses for consecutive five years and what is worse is that these losses have ascended with the passing of years. The company reported a loss of $19.06 million in 2016 and in 2020 it reached a net total of $35.17 million.

In 2017, NAKD stock was truly in the spotlight when it traded at an all-time high of an exceptional $1420. However now, due to the weakened outlook of the company’s fundamentals, NAKD stock trades around 77 cents. The stock did soar recently in this year (January) but it was due to the hype that retail investors of reddit had caused. It did provide a strong rally to NAKD’s stock which surged to a whopping 300% in three days but quickly died down.

This is because the external motivator for the positive stock movement could not overcome the underlying weak fundamentals of NAKD. The reason why NAKD stock has not been performing well is that its overall sales have declined and the company reported $15.02 million negative cash flow in 2020 (compared to $9.82 million in 2019).

Shifting exclusively to an e-commerce platform may not be a good idea

Naked Brand’s recent attempt to focus its shifting from physical retail business to e-commerce line has shown quite an impressive growth. However, in doing so, it has exclusively focused on its e-commerce platform “FOH Online”. The overall resurgence of retail business due to the easing of the pandemic lockdown will not benefit the company’s retail subsidiary and Flagship brand, Bendon now that it is focusing on FOH Online.

Furthermore, this growth in the sales of its e-commerce does not compensate for the overall loss in the company’s net revenue growth. Several experts of fashion and apparel businesses suggest that the Naked Brand Group (NAKD) may have fallen victim to the harsh and unreasonable trends of the fashion industry. The brand simply may have run its course of popularity and consumers do not seem to buy any hype around Naked Brand’s latest fashion trend and marketing.

At this rate, investors have already started associating the NAKD stock with a bearish trend, and the unimpressive fundamentals are painting a dim picture for the company’s overall outlook. Naked Brand Group (NAKD) needs to pull a rabbit (and a fashionable one) out of its hat and fast in order to retain customers and investors.

March 25, 2021
Early Morning Vibes: Don’t Miss On These 4 Growth Stocks

On February 2, the American stock indexes finished trading in the green zone. The S&P 500 climbed 1.39% to 3826 points, the Dow Jones rose 1.57% and the NASDAQ rose 1.56%. The news background did not contain new drivers of movement, but risk appetite was increased due to the decrease in fears of an overbought market. All 11 sectors closed in positive territory. The finance sector-led growth with 2.46%, driven by a rebound in Treasury yields.

Company news

Uber (UBER: + 7%) today announced it has acquired the liquor delivery service Drizly for $1.1 billion in company stock and cash.

Pfizer’s revenue (PFE: -2.3%) beat expectations, although EPS was weaker than consensus. The 2021 revenue forecast assumes strong sales of coronavirus vaccines.

Results of oil giant BP (BP: -6.6%) were worse than expected in various segments, dividends were reduced by 50%.

Today, world stock exchanges are showing mostly positive dynamics. The fight against the coronavirus remains in focus and the news on this front is mostly positive. The attention of international investors was attracted by the results of tests of the Russian vaccine Sputnik V, which revealed its high efficiency. In addition, the University of Oxford has published encouraging research results that indicate that the AstraZeneca vaccine not only prevents coronavirus disease but also reduces its spread by two-thirds. This is the first study to document that vaccine proliferation will lead to a rapid decline in disease incidence. In the United States, more than 7% of the population has already received the first dose of the vaccine, and the daily incidence of COVID-19 has rolled back to November levels.

Quarterly results were published by 43% of companies in the S&P 500. At present, aggregate net income for the fourth quarter is expected to show growth YoY, while in October it was forecast to decline by 13% YoY. This signals that companies’ financials are showing an unexpectedly fast recovery. However, the optimistic expectations have already been partially taken into account in the quotes, as evidenced by the increase in the S&P 500 by 17% over the past three months.

Sentiment Index

The Freedom Finance Sentiment Index remains at 68 out of 100. The indicator reflects market participants’ hope for a global economic recovery in 2021. Concerns about the negative impact of the coronavirus pandemic are slowly diminishing with the prospect of mass vaccinations.

Technical picture

Technically, the S&P 500 is still bullish in the medium term. The broader market index has continued to rebound from the 50-day moving average, but the strength of this impulse is fading. In the short term, consolidation is likely, as the RSI indicator is in the neutral zone and indicates the equality of forces between the bulls and bears, while the MACD indicator remains in negative territory.

Today Top Movers

Sundial Growers Inc (SNDL) stock moved up 8.65 percent to $1.13 in the pre-market ‎trading. The firm recently revealed the closing of its US$100 million registered offering.‎‎
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‎AMC Entertainment Holdings Inc (AMC) stock ascended 8.44% at $8.48 in the pre-market trading today.‎‎
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‎Naked Brand Group Ltd (NAKD) an apparel manufacturing company, soared about 12.07% ‎at $1.02 in pre-market ‎trading Wednesday following the declaration of closing $50 million registered direct offering priced at-the-market.
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‎Cps Technologies (CPSH) share price jumped 21.75% to $8.45 during the early morning ‎trading session on ‎Wednesday.‎‎ The company recently declared receipt of a purchase order for HybridTech Armor© Panels to be installed as the strike face of advanced ballistic shields to support U.S. Navy CVN class ships.

Top Upgrades & Downgrades

Oppenheimer turned bullish on NXP Semiconductors N.V. (NXPI), upgrading the stock to “Outperform” and assigning a $210.0 price target, representing a potential downside of 18.5% from Tuesday’s close.

Nucor Corporation (NUE) has won the favor of Credit Suisse’s equity research team. The firm upgraded the shares from Neutral to Outperform and moved their price target to $63.0, suggesting a 24.85% additional upside for the stock.

Steel Dynamics Inc. (STLD) received an upgrade from analysts at Credit Suisse, who also set their one-year price target on the stock to $52.0. They changed their rating on STLD to Outperform from Neutral in a recently issued research note.

Earlier Tuesday Credit Suisse reduced its rating on SBA Communications Corporation (SBAC) stock to Neutral from Outperform and assigned the price target to $291.0. With shares trading at around $281.90, the Wall Street firm thinks SBA Communications Corporation’s stock could add than 3.23%.

JPMorgan analysts reduced their investment ratings, saying in research reports covered by the media that it’s rating for Centennial Resource Development Inc. (CDEV) has been changed to Underweight from Neutral.

Analysts at JPMorgan ‎downgraded Cabot Oil & Gas Corporation (COG)’s stock to Neutral from Overweight Wednesday.

Latest Insider Activity

Moderna Inc. (MRNA) Andres Juan announced the sale of shares taking place on Feb 01 at $172.99 for some 5,000 shares. The total came to more than $0.86 million.

Visa Inc. (V) CHAIRMAN & CEO KELLY ALFRED F JR sold on Jan 29 a total of 163,112 shares at $197.73 on average. The insider’s sale generated proceeds of almost $1.78 million.

Surgalign Holdings Inc. (SRGA) Director STOLPER MARK declared the purchase of shares taking place on Feb 01 at $1.50 for some 16,667 shares. The transaction amount was around $25001.0.

Outlook Therapeutics Inc. (OTLK) Director Sukhtian Ghiath M. bought on Feb 02 a total of 10,820,630 shares at $1.00 on average. The purchase cost the insider an estimated $8.36 million.

Important Earnings

Top US earnings releases scheduled for today include Boston Scientific Corporation (NYSE: BSX). It will announce its Dec 2020 financial results. The company is expected to report earnings of $0.31 per share from revenues of $2.83B in the three-month period.

Analysts expect AbbVie Inc. (NYSE: ABBV) to report a net income (adjusted) of $2.85 per share when the bank releases its quarterly results shortly. Revenue for the fiscal quarter ended Dec 2020 is predicted to come in at $13.7B.

eBay Inc. (EBAY), due to announce earnings after the market closes today, is expected to report earnings of $0.83 per share from revenues of $2.7B recently concluded three-month period.

February 3, 2021
Early Morning Vibes: Check Out These 4 hot Stocks Right Now

On January 11, American stock markets closed in the red. The S & P500 index fell 0.66% to 3800 points, the Dow Jones lost 0.29%, the NASDAQ fell 1.25%. There were no new drivers for the movement, the correction was due to the fixation of positions after reaching historic highs the day before. The finance sector looked stronger than the broader market, climbing 0.43%. Investors are awaiting the release of positive quarterly reports from a number of major banks later this week.

Corporate News

Twitter (TWTR: -6.4%) permanently blocked Donald Trump’s account. Almost half of the active audience of the social network was subscribed to it.

Pharmaceutical giant Ely Lilly (LLY: + 11.7%) has published positive results from a Phase II trial of an Alzheimer’s slowing drug.

Electric car manufacturer NIO (NIO: + 6.4%) unveiled the new ET7 sedan and batteries. In addition, the company announced a collaboration with Nvidia (NVDA: + 2.6%) to develop autonomous driving technology.

Today, global stock markets are showing mixed dynamics. The main topic of discussion remains the draft stimulus package that Joe Biden will present this Thursday. The volume of the program will exceed $ 1 trillion and may reach $ 2-3 trillion. Hope for its adoption determines the relative stability of the broad market index. Further dynamics of investor sentiment will depend on the details of Biden’s plan. There is no doubt that the President-elect will try to make the program comprehensive in order to meet the expectations of the electorate. Large-scale stimulation of the economy was the main point of Biden’s election program. Nevertheless, investors’ expectations are already quite high. The S&P 500 is at historic highs. Talk of excessive investor optimism is increasingly broadcast in the business media.

Today there will be speeches by several representatives of the FRS, who can clarify the plan for changing the parameters of the quantitative easing program. The Fed’s inflation and unemployment expectations are also receiving increased attention, as they have a direct impact on Treasury yields.

Sentiment Index

The Freedom Finance Sentiment Index climbed to 60 out of 100. The index reflects market participants’ hope for a global economic recovery in 2021. Worries about the negative impact of the coronavirus pandemic continue to decline thanks to the prospect of mass vaccinations.

Technical picture

Technically, the S&P 500 is showing a strong uptrend, but the risk of a correction is increasing. The broad market index tested the upper border of the equidistant channel in the 3825-3830 area yesterday, where it encountered strong resistance. The RSI indicator remains close to the overbought zone, which limits the upside potential from current levels. If a corrective movement develops, the first significant target will be the level of 3700 points.

Today Top Movers

Naked Brand Group Ltd (NAKD), an apparel manufacturing company, soared about 7.71% ‎at $0.44 in pre-market trading Tuesday.

‎US Well Services Inc (USWS) share price gained 75.02% to $0.91during early morning ‎trading session on Tuesday after declaring that it has finalized an extension of its contract to provide electric hydraulic fracturing services for Range Resources in the Appalachian Basin.

‎T2 Biosystms Inc (TTOO) stock ascended 43.12% at $2.29 in the pre-market trading today following the announcement from the company that its T2SARS-CoV-2™ Panel is capable of detecting the multiple variants of the SARS-CoV-2 virus most recently identified in the United Kingdom, South Africa, and the United States.‎

‎Lion Group Holding Ltd (LGHL) surged over 19.05% at $4.75 in pre-market ‎trading on Tuesday after the company revealed that Mr. Guandong Wang has been appointed as a director of the Board of Directors on January 6, 2021.‎

Top Upgrades & Downgrades

Citigroup turned bullish on NOV Inc. (NOV), upgrading the stock to “Buy” and assigning a $18.0 price target, representing potential upside of 17.23% from Monday’s close.

Commvault Systems Inc. (CVLT) has won the favor of Piper Sandler’s equity research team. The firm upgraded the shares from Neutral to Overweight and moved their price target to $68.0, suggesting 20.5% additional upside for the stock.

Oshkosh Corporation (OSK) received an upgrade from analysts at Credit Suisse, who also set their one-year price target on the stock to $117.0. They changed their rating on OSK to Outperform from Neutral in a recently issued research note.

Earlier Tuesday KeyBanc reduced its rating on WEC Energy Group Inc. (WEC) stock to Sector Weight from Overweight.

KeyBanc analysts reduced their investment ratings, saying in research reports covered by the media that its rating for Schnitzer Steel Industries Inc. (SCHN) has been changed to Sector Weight from Overweight.

Analysts at KeyBanc downgraded American Electric Power Company Inc. (AEP)’s stock to Sector Weight from Overweight Tuesday.

Latest Insider Activity

Marathon Patent Group Inc. (MARA) Chief Executive Officer OKAMOTO MERRICK D announced the sale of shares taking place on Jan 07 at $20.51 for some 632,000 shares. The total came to more than $12.96 million.

Moderna Inc. (MRNA) Chief Executive Officer Bancel Stephane sold on Jan 08 a total 220,936 shares at $114.02 on average. The insider’s sale generated proceeds of almost $1.26 million.

PBF Energy Inc. (PBF) Add’l Rep. Persons-see Ex.99-1 Control Empresarial de Capital declared the purchase of shares taking place on Dec 28 at $6.87 for some 40,000 shares. The transaction amount was around $0.27 million.

Party City Holdco Inc. (PRTY) 10% Owner SOSIN CLIFFORD bought on Jan 05 a total 15,986,623 shares at $6.63 on average. The purchase cost the insider an estimated $2.1 million.

Important Earnings

Top US earnings releases scheduled for today include KB Home (NYSE:KBH). It will announce its Nov 2020 financial results. The company is expected to report earnings of $0.93 per share from revenues of $1.14B in the three-month period.

Analysts expect BGC Partners Inc. (NASDAQ:BGCP) to report a net income (adjusted) of $0.11 per share, when the bank releases its quarterly results shortly. Revenue for the fiscal quarter ended Dec 2020 is predicted to come in at $460.45M.

EXFO Inc. (EXFO), due to announce earnings after the market closes today, is expected to report earnings of $0.03 per share from revenues of $70.89M recently concluded three-month period.

January 12, 2021
Early Morning Vibes: 4 Stocks We Like for Tuesday Trading

Major US stock indices fell 1.3-1.5% on the first day of trading in 2021.

The broad market S&P 500 index fell 1.48% to 3700.65 points, the industrial Dow Jones Industrial Average fell 1.25% to 30223.89 points, and the technological NASDAQ dropped 1.47% 12698.45 points.

Despite the general optimistic sentiment of investors regarding the recovery of the global economy after the coronavirus pandemic, the indices declined.

At the start of the new year, investors focused on the same issue that has dominated the markets for much of 2020: the coronavirus pandemic. Many expect economic activity to accelerate later this year as communities are vaccinated, and organizations reopened. At the same time, there is an understanding that the path to economic recovery will be long and uneven.

Recent news on the coronavirus situation paints a bleak picture. In the United States, the number of hospitalizations on Sunday reached a record high. In several countries in Europe, governments are extending quarantine restrictions designed to slow the spread of infection.

The difficulty in dealing with the pandemic means that many companies will be vulnerable to financial risks in the short term.

The experts noted growing nervousness over the results of the second round of elections to the U.S. Senate in Georgia. The outcome of the vote will determine whether the Republicans will retain control of the Senate. According to investors in prediction markets, the likelihood of a GOP victory has diminished in the past few days, potentially signaling a tense battle for Senate seats.

Corporate Highlights

Coca-Cola shares lost 3.8%. RBC Capital Markets has downgraded their rating from “above sector” to “par with the sector.” The bank’s analysts believe that the pandemic will continue to restrict public events and consumer access to restaurants, negatively affecting demand for Coca-Cola products.

Airline stocks, which were also seriously affected by the coronavirus, also declined on Monday. In particular, American Airlines shares fell 4.1%, while Delta Air Lines shares fell 3.7%.

Hotel chain shares were also down, with Hilton Worldwide Holdings down 3.4%, while Marriott International shed 5.4%.

Tesla, meanwhile, gained 3.4%. The electric vehicle maker said it delivered a record 499,550 vehicles last year, just slightly below its target of 500,000.

Amid a massive sell-off in shares, gold prices jumped 2.7% to $ 1,944.70 per troy ounce, the most significant percentage gain since April. Precious metal quotes usually receive support when market volatility increases.

An additional source of joy in the market was the latest data on the manufacturing sector’s state. According to surveys of purchasing managers, factories in Asia and Europe increased their output at the end of the year. In December, there was a substantial rise in activity.

Today Top Movers

‎Jaguar Health Inc (JAGX) share price ascended 30.90% to $2.33 during early morning ‎trading session on Tuesday.‎ ‎

Zosano Pharma Corp (ZSAN), a Biotechnology company, increased about 78.60% ‎at ‎‎$1.04 in pre-market trading Tuesday after declaring that the company requested a Type A meeting with the U.S. Food and Drug Administration (FDA) to review resubmission plans for Qtrypta new drug application. ‎

Naked Brand Group Ltd (NAKD) stock surged 14.83% at $0.25 in the pre-market trading today.

Broadway Fin Cp (BYFC) jumped over 46.88% at $2.82 in pre-market ‎trading on Tuesday after the company and CFBanc Corporation revealed receipt of regulatory approvals for the merger.

Top Upgrades & Downgrades

Needham turned bullish on Merit Medical Systems Inc. (MMSI), upgrading the stock to “Buy” and assigning a $65.0 price target, representing potential upside of 18.69% from Monday’s close.

DocuSign Inc. (DOCU) has won the favor of Piper Sandler’s equity research team. The firm upgraded the shares from Neutral to Overweight and moved their price target to $300.

Cadence Design Systems Inc. (CDNS) received an upgrade from analysts at KeyBanc, who also set their one-year price target on the stock to $155.0. They changed their rating on CDNS to Overweight from Sector Weight in a recently issued research note.

Earlier Sunday Piper Sandler reduced its rating on Fortinet Inc. (FTNT) stock to Neutral from Overweight.

Piper Sandler analysts reduced their investment ratings, saying in research reports covered by the media that its rating for Rapid7 Inc. (RPD) has been changed to Neutral from Overweight and the new price target is set at $95.

Analysts at Piper Sandler downgraded Okta Inc. (OKTA)’s stock to Neutral from Overweight on Tuesday.

Latest Insider Activity

ReneSola Ltd (SOL) CFO SHAH CAPITAL MANAGEMENT announced the sale of shares taking place on Dec 31 at $11.90 for some 26,000 shares. The total came to more than $0.31 million.

ACM Research Inc. (ACMR) Wang Jian sold on Dec 30 a total 84,386 shares at $78.00 on average. The insider’s sale generated proceeds of almost $2.53 million.

Hall of Fame Resort & Entertainment Company (HOFV) Director Lichter Stuart declared the purchase of shares taking place on Dec 29 at $1.40 for some 10,813,774 shares. The transaction amount was around $15.14 million.

Beyond Air Inc. (XAIR) CEO, Chairman Lisi Steven A. bought on Dec 31 a total 929 shares at $5.28 on average. The purchase cost the insider an estimated $203,280.

Important Earnings

Top US earnings releases scheduled for today include Cal-Maine Foods Inc. (NASDAQ:CALM). It will announce its Nov 2020 financial results. The company is expected to report earnings of -$0.08 per share from revenues of $333.49M in the three-month period.

January 5, 2021
Market Movers: What changed for these 21 stocks while you were sleeping

‎Greenpro Capital Corp. (GRNQ), a Conglomerates company, dropped about -‎‎5.88% ‎at $1.76 in pre-market trading Tuesday after announcing Bitcoin fund.‎

‎ATIF Holdings Limited (ATIF) stock plunged -8.51% to $0.9698 in the pre-‎market ‎trading.‎

‎Bionano Genomics Inc. (BNGO) stock soared 8.57% to $0.96 in the pre-‎market ‎trading after declaring that Praxis Genomics, LLC received accreditation from the College of ‎American ‎Pathologists (CAP). The most recent rating by Ladenburg Thalmann, on September 24, 2020, ‎is a Buy. ‎

‎Zomedica Corp. (AMEX: ZOM) shares are trading up 4.5% at $0.2625 at the ‎time ‎of ‎writing. Company’s 52-week ranged between $0.06 to $0.50.‎

‎Nano Dimension Ltd. (NASDAQ: NNDM) shares are trading up 5.52% at $8.6 at ‎the ‎time of writing after pricing $250 million registered direct offering. ‎Company’s 52-week ‎ranged ‎between $0.51 to $10.49. Analysts have a consensus price target of $8. ‎

‎Jaguar Health Inc. (JAGX) stock moved down -2.88 percent to $0.7325 in the pre-‎‎market trading.‎

‎Ideanomics Inc. (IDEX), a Software – Application company, rose about 4.27% at ‎‎$2.44 ‎in pre-market trading Tuesday following the declaration the signing of an agreement of its ‎Mobile ‎Energy Global (“MEG”) and contracting entity Qingdao Chengyang Medici with Meihao ‎Chuxing, a joint ‎venture between BYD and Didi, to purchase an initial 2,000 units of model BYD D1. ‎

‎Alibaba Group Holding Limited (BABA) is up more than 3.64% at $230.45 in pre-‎‎‎market hours Tuesday December 29, 2020. The stock had jumped over 0.16% to $222.36 in ‎the ‎last ‎trading session.‎

Before the trading started on December 29, 2020, FuelCell Energy Inc. (FCEL) is ‎up ‎‎2.3% to reach $11.81. It has been trading in a 52-week range of $0.84 to $13.91.‎

‎AeroCentury Corp. (ACY) lost over -25.7% at $10.29 in pre-market trading ‎Tuesday ‎December 29, 2020 following the update of listing standards compliance.‎

‎Color Star Technology Co. Ltd. (CSCW) is down more than -9.21% at $0.69 in pre-‎‎‎market hours Tuesday December 29, 2020. The stock had jumped over 7.04% to $0.76 in ‎the ‎last ‎trading session.‎

Before the trading started on December 29, 2020, Guardion Health Sciences ‎Inc. ‎‎(GHSI) is up 14.83% to reach $0.36. The firm recently reported the appointment of ‎Bret ‎Scholtes, as its President and Chief Executive Officer, and as a member of the Board of Directors. ‎He is ‎a veteran of the nutritional products industry for nearly a decade. It has been trading in a 52-‎week ‎range of $0.17 to $0.74.‎

‎Nokia Corporation (NOK) stock soared 2.31% to $3.99 in the pre-market ‎trading ‎after reporting that it has been selected by Thailand’s dtac as its first 5G partner.‎ The most ‎recent ‎rating by Exane BNP Paribas, on October 30, 2020, is a Neutral. ‎

Before the trading started on December 29, 2020, Acasti Pharma Inc. (ACST) is ‎up ‎‎7.32% to reach $0.3343. It has been trading in a 52-week range of $0.17 to $2.75.‎

‎RMG Acquisition Corp. (RMG) grew over 2.1% at $32.61 in pre-market trading ‎today ‎following the stockholder approval of business combination with Romeo Systems, Inc. with ‎no ‎redemptions.‎

‎Aprea Therapeutics Inc. (APRE), a Biotechnology company, rose about 4.73% ‎at ‎‎$5.76 in pre-market trading Tuesday after declaring results of primary endpoint from Phase 3 trial ‎of ‎Eprenetapopt in TP53 Mutant Myelodysplastic Syndromes (MDS).‎

‎MicroVision Inc. (NASDAQ: MVIS) shares are trading up 6.41% at $7.14 at ‎the ‎time ‎of writing. Company’s 52-week ranged between $0.15 to $9.74. Analysts have a consensus ‎price ‎target ‎of $4.50.‎

‎China Recycling Energy Corporation (CREG) is down more than -2.23% at $5.7 in pre-‎‎market hours Tuesday December 29, 2020 after revealing that it has entered into agreement to ‎acquire ‎Xi’an Taiying Energy Saving Technology ‎Co., Ltd..‎. The stock had jumped over 31.31% to $5.83 in ‎the last ‎trading session. ‎

‎BIOLASE Inc. (BIOL) stock moved up 25.44 percent to $0.6021 in the pre-‎market ‎trading.‎

‎Borr Drilling Limited (BORR), a Oil & Gas Drilling company, rose about 4.66% ‎at ‎‎$0.854 in pre-market trading Tuesday after reporting the appointment of Mr. Magnus Vaaler as its ‎new ‎Chief Financial Officer. He will replace Mr. Christoph Bausch.‎

‎Onconova Therapeutics Inc. (NASDAQ: ONTX) shares are trading up 3.68% ‎at ‎‎$0.465 ‎at the time of writing. Company’s 52-week ranged between $0.19 to $1.56. Analysts have ‎a ‎consensus ‎price target of $7.50.‎

December 29, 2020
Pre-Market Cues: 24 Stocks Roaring for Change On December 28th

‎Avinger Inc. (AVGR) stock plunged -7.38% to $0.4445 in the pre-market trading. The ‎most recent rating by Ladenburg Thalmann, on March 09, 2018, is a Buy. The company lately ‎announced annual meeting results.‎

‎Jaguar Health Inc. (JAGX) is up more than 16.5% at $0.833 in pre-market ‎hours ‎Monday December 28, 2020 after signing second agreement for $6 million non-dilutive ‎financing ‎transaction involving the sale of royalty rights. The stock had dropped over -33.18% to $0.71 ‎in the last ‎trading session.‎

‎Ocugen Inc. (NASDAQ: OCGN) shares are trading up 52.84% at $2.69 at the time of ‎writing. Company’s 52-week ranged between $0.17 to $3.05.‎

‎Senseonics Holdings Inc. (SENS) tumbled over -13.63% at $0.786 in pre-market ‎trading today after declaring financial and operational business updates.‎

‎Naked Brand Group Limited (NAKD), a Apparel Manufacturing company, rose about ‎‎2.63% at $0.2145 in pre-market trading Monday after reporting that it has been granted an additional ‎‎180-day period, or until May 24, 2021.‎

‎Zomedica Corp. (ZOM) gained over 13.05% at $0.259 in pre-market trading Monday ‎December 28, 2020.‎

Before the trading started on December 28, 2020, Sundial Growers Inc. (SNDL) is up ‎‎9.23% to reach $0.517. The company today declared concentrates license agreement with Simply ‎Solventless. It has been trading in a 52-week range of $0.14 to $3.88.‎

‎Acasti Pharma Inc. (ACST) stock soared 14.17% to $0.377 in the pre-market trading. ‎The most recent rating by Oppenheimer, on September 01, 2020, is a Perform.‎

‎Camber Energy Inc. (AMEX: CEI) shares are trading down -7.62% at $0.97 at the time ‎of writing. Company’s 52-week ranged between $0.46 to $4.10.‎

‎NIO Limited (NIO), a Auto Manufacturers company, rose about 1.92% at $46.65 in ‎pre-market trading Monday.‎

‎FuelCell Energy Inc. (FCEL) stock moved up 10.0 percent to $13.53 in the pre-market ‎trading.‎

‎Tonix Pharmaceuticals Holding Corp. (TNXP) gained over 7.86% at $0.7173 in pre-‎market trading Monday December 28, 2020. The firm recently revealed that it has completed the ‎purchase of an approximately 44-acre site in Hamilton, Montana, for the construction of a vaccine ‎development and commercial scale manufacturing facility. ‎

‎Guardion Health Sciences Inc. (GHSI) is down more than -9.47% at $0.3097 in pre-‎market hours Monday December 28, 2020. The stock had dropped over -7.89% to $0.34 in the last ‎trading session.‎

Before the trading started on December 28, 2020, Color Star Technology Co. Ltd. ‎‎(CSCW) is up 30.76% to reach $0.9284. It has been trading in a 52-week range of $0.31 to ‎‎$2.06.‎

‎Ampio Pharmaceuticals Inc. (AMPE) stock soared 8.49% to $2.3 in the pre-market ‎trading. The most recent rating by ROTH Capital, on December 19, 2019, is a Buy.‎

‎Blink Charging Co. (BLNK), a Specialty Retail company, rose about 4.24% at $51.6 in ‎pre-market trading Monday.‎

‎Nikola Corporation (NKLA) stock moved up 2.18 percent to $14.05 in the pre-market ‎trading.‎

‎Onconova Therapeutics Inc. (ONTX) gained over 3.39% at $0.4905 in pre-market ‎trading Monday December 28, 2020.‎

Before the trading started on December 28, 2020, MicroVision Inc. (MVIS) is up ‎‎4.43% to reach $6.84. It has been trading in a 52-week range of $0.15 to $9.74.‎

‎Nano Dimension Ltd. (NNDM) stock plunged -13.51% to $7.62 in the pre-market ‎trading after pricing $250 million registered direct offering. The most recent rating by Maxim Group, on ‎October 21, 2016, is a Buy.‎

‎Plug Power Inc. (NASDAQ: PLUG) shares are trading up 5.37% at $37.49 at the time ‎of writing. Company’s 52-week ranged between $2.53 to $37.11. Analysts have a consensus price ‎target of $24.‎

‎Marathon Patent Group Inc. (MARA) grew over 31.23% at $14.33 in pre-market ‎trading today.‎

‎Riot Blockchain Inc. (RIOT), a Software – Application company, rose about 18.22% at ‎‎$15.51 in pre-market trading Monday.‎

‎Marathon Oil Corporation (MRO) stock moved up 3.32 percent to $6.85 in the pre-‎market trading.‎

December 28, 2020
Early Morning Vibes: Check Out These 4 hot Stocks Right Now

On December 24, American stock indices closed in the green. The S&P 500 Index climbed 0.35% to 3690 points, the Dow Jones added 0.23%, the NASDAQ 0.29%. The news background on the eve of Christmas was weak. Fiscal stimulus prospects continued to be supportive. The tech sector was one of the growth leaders with 0.75%, while the energy sector looked the weakest and lost 0.63%.

Corporate news

The State Administration for Market Regulation of the People’s Republic of China has suspected Alibaba Group (BABA: -13.4%) of violating antitrust laws. At the same time, the People’s Bank of China demands to reform the business of the fintech division of Alibaba Ant Group.

The FDA has paused clinical trials for an anti-clotting vaccine developed by Altimmune (ALT: -9.3%) and is demanding additional data.

Today, world stock markets are showing mostly positive dynamics. On Sunday, December 27, President Donald Trump signed into law a $ 900 billion economic support bill that will include a one-time payment of $ 600 per person to Americans. Earlier, the president insisted on increasing the amount of payments to $ 2,000. A vote in Congress on this issue will take place today. If approved, this measure will be included in a separate bill. However, it is unlikely that the Republicans will support the initiative. Trump’s approval of the stimulus package is positive for the stock market, but some of these expectations have already been incorporated into quotes, and no new stimulus is expected in the short term. Thus, market response to these developments will be very limited, especially given the reduced volatility and trading volumes.

Investors’ attention from the stimulus package will gradually shift to the front of the fight against coronavirus. According to US chief infectious disease specialist Anthony Fauci, “the worst” is yet to come, as the holidays will trigger a surge in COVID-19. However, most of all investors are now interested in the rate of vaccination of the population, because if it does not correspond to the original plans, it will lead to a correction in cyclical sectors.
Technical picture

Technically, the S&P 500 is prone to consolidation. The trading session the day before did not change the overall picture. Volatility will remain low ahead of the New Year. The RSI and MACD indicators continue to form bearish divergence, so the risk of correction remains.

Today Top Movers‎

‎NXT-ID Inc (NXTD)‎‎ is up 42.74% at $1.77 in premarket trading session on Monday.‎

‎Ocugen, Inc (OCGN)‎‎ reported an increase of 44.32%, with the share price at $2.54 in today’s premarket trading session following the appointment of a vaccine scientific advisory board.‎

‎Jaguar Health Inc (JAGX)‎‎ share price gained 21.67% at $0.87 in early morning trading session on Monday. The firm recently signed second agreement for $6 million non-dilutive financing transaction involving the sale of royalty rights related to future Mytesi (Crofelemer) and Lechlemer revenue stream.

‎‎Naked Brand Group Ltd (NAKD)‎‎ share price soared 1.91% at $0.21 on Monday during premarket trading session after declaring that it has been granted an additional 180-day period, or until May 24, 2021.‎

Latest Insider Activity

Workhorse Group Inc. (WKHS) Director Chess Raymond Joseph announced the sale of shares taking place on Dec 18 at $21.05 for some 5,000 shares. The total came to more than $0.11 million.

Invitae Corporation (NVTA) President & CEO George Sean E sold on Dec 22 a total 631,018 shares at $53.06 on average. The insider’s sale generated proceeds of almost $0.19 million.

Neoleukin Therapeutics Inc. (NLTX) Director BAKER BROS. ADVISORS LP declared the purchase of shares taking place on Jul 07 at $15.25 for some 424,000 shares. The transaction amount was around $6.47 million.

Odonate Therapeutics Inc. (ODT) Chief Executive Officer TANG KEVIN C bought on Dec 23 a total 15,514,566 shares at $15.58 on average. The purchase cost the insider an estimated $2.17 million.

Earnings To Watch

Top US earnings releases scheduled for today include Secoo Holding Limited (NASDAQ:SECO). It will announce its Jun 2019 financial results. The company is expected to report revenues of $241.41M in the three-month period.

December 28, 2020