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Tag: PDLI

  • Early Morning Vibes: Top 3 Stocks To Watch Right Now

    Early Morning Vibes: Top 3 Stocks To Watch Right Now

    Trading on December 30 at American stock markets ended in the green zone. The S&P 500 Index rose 0.13% to 3732 points, the Dow Jones rose 0.24%, the NASDAQ added 0.15%. The trades were held in a narrow range. The UK as expected approved AstraZeneca’s vaccine, leading to relative strength in cyclical sectors, with the energy sector growing 1.6% and the raw materials sector 1.3%. FAANG shares were down more than 1%.

    Company news

    Tesla (TSLA:+4.3%) will allow autonomous driving for three months free of charge. In addition, the Wedbush analyst noted that the target for sales of 500 thousand electric cars in 2020 can be achieved.

    The board of directors of Chinese retail giant JD.com (JD: + 3.9%) has allowed the company to consider spinning off its cloud business into a separate company.

    Today’s Outlook

    Today the global stock markets show mostly sideways dynamics. The news background remains calm. Senate Majority Leader McConnell’s rhetoric reaffirms speculation that the idea of raising direct payments to Americans from $600 to $2,000 will be heavily resisted in the Senate vote. Many Republicans question the effectiveness of this initiative. The increase in payments will lead to an increase in the national debt by more than $ 460 billion, but only a small part of this amount will be received by the neediest segments of the population. Nevertheless, ongoing fiscal support plays a key role in the economic recovery.
     

    The head of Operation Warp Speed, which is in charge of the vaccine campaign, said the vaccine, created by AstraZeneca and Oxford University, will not receive US approval until April. The expert points to the mixed results of clinical trials and a strong difference in the effectiveness of the vaccine depending on the modes of use. The company is currently conducting additional trials in the United States. However, optimism about the various vaccines and their ability to withstand the coronavirus remains heightened. Trading activity will decline on New Year’s Eve, although the US session will not be as short as it was on Christmas Eve.

    Economic news:

    Today there are weekly data on the number of applications for unemployment benefits. The forecast assumes an increase in the indicator by 30 thousand, up to 833 thousand in comparison with the result of the previous five days. The US economy is still under pressure from quarantine measures, in connection with which the business continues to actively optimize the number of employees.

    Today Top Movers

    ‎Aikido Pharma Inc (AIKI) stock ascended 40.69% at $1.21 in the pre-‎market trading today.‎‎ ‎

    Castor Maritime Inc (CTRM) share price soared 50.34% to $0.35 during early morning ‎trading session on Thursday following the receipt of a notification letter from the Nasdaq granting the Company an additional 180-day extension.‎‎ ‎

    Red Lion Hotels Corp (RLH), a Lodging company, jumped about 30.00% ‎at $3.51 in pre-‎market trading Thursday after declaring a definitive merger agreement with Sonesta International Hotels Corporation.

    Top Upgrades & Downgrades

    Credit Suisse turned bullish on Brown & Brown, Inc. (NYSE: BRO), reiterating the stock at “Neutral” but lifting the target from $47 to $50, representing potential upside of 8.10% from Wednesday’s close.
     

    JP Morgan turned bullish on Apartment Income REIT Corp (NYSE: AIRC), initiating the stock at “Neutral” and assigning the target to $43, representing potential upside of 12.00% from Wednesday’s close.
     

    AlphaValue turned bullish on Weibo Corp (NASDAQ: WB), downgrading the ‎stock to “Hold” from Buy and assigning a $44.65 price target.

    Latest Insider Activity

    Tesla Inc. (TSLA) SVP Powertrain and Energy Eng. Baglino Andrew D announced the sale of shares taking place on Dec 28 at $674.68 for some 1,500 shares. The total came to more than $1.01 million.
     

    Plug Power Inc. (PLUG) Director Kenausis Gregory sold on Dec 28 a total 89,169 shares at $34.65 on average. The insider’s sale generated proceeds of almost $1.91 million.
     

    PDL BioPharma Inc. (PDLI) 10% Owner Silver Point Capital L.P. declared the purchase of shares taking place on Dec 29 at $2.69 for some 268,600 shares. The transaction amount was around $0.72 million.
     

    Conifer Holdings Inc. (CNFR) Director WILLIAMS R JAMISON JR bought on Dec 29 a total 405,458 shares at $2.62 on average. The purchase cost the insider an estimated $26,200.

  • 32 Stocks Making Sharp Moves in Pre Market Session

    32 Stocks Making Sharp Moves in Pre Market Session

    Sundial Growers Inc. (SNDL) stock soared 1.72% to $0.5088 in the pre-market trading after declaring $50 million prepayment on senior secured non-revolving term credit facility. The most recent rating by CIBC, on August 17, 2020, is a Neutral.

    FuelCell Energy Inc. (FCEL) is up more than 2.09% at $8.31 in pre-market hours Wednesday December 16, 2020. The stock had jumped over 5.71% to $8.14 in the last trading session.

    BioCardia Inc. (NASDAQ: BCDA) shares are trading up 5.22% at $7.05 at the time of writing after reporting that it has entered into definitive agreements with investors for the purchase and sale of 1,789,474 shares of its common stock at a purchase price of $4.75 per share Company’s 52-week ranged between $1.91 to $6.95.

    Before the trading started on December 16, 2020, MicroVision Inc. (MVIS) is down -1.9% to reach $4.13. It has been trading in a 52-week range of $0.15 to $3.45.

    Apartment Investment and Management Company (AIV) tumbled over -6.75% at $4.7 in pre-market trading today following completion of separation of Apartment Income REIT Corp.

    Before the trading started on December 16, 2020, GeoVax Labs Inc. (GOVX) is down -7.86% to reach $3.4. It has been trading in a 52-week range of $2.30 to $60.00.

    Anchiano Therapeutics Ltd. (ANCN), a Biotechnology company, dropped about -7.99% at $2.65 in pre-market trading Wednesday after the company and and Chemomab Ltd. declared their entry into a definitive merger agreement.

    BEST Inc. (NYSE: BEST) shares are trading up 3.29% at $2.2 at the time of writing. Company’s 52-week ranged between $2.36 to $6.54. Analysts have a consensus price target of $3.50.

    Veru Inc. (VERU) stock moved down -7.5 percent to $8.63 in the pre-market trading. The company lately reported positive Phase 2 clinical trial results for Enobosarm.

    Northern Dynasty Minerals Ltd. (NAK) is up more than 3.67% at $0.325 in pre-market hours Wednesday December 16, 2020. The stock had dropped over -4.74% to $0.31 in the last trading session.

    Moderna Inc. (MRNA) stock plunged -3.33% to $142.32 in the pre-market trading. The company recently confirmed supply agreement with the Ministry of Health to supply Singapore with mRNA vaccine against COVID-19 (mRNA-1273). The most recent rating by Needham, on December 09, 2020, is a Hold.

    Before the trading started on December 16, 2020, Teligent Inc. (TLGT) is up 2.2% to reach $0.93. It has been trading in a 52-week range of $0.46 to $6.46.

    HEXO Corp. (HEXO), a Drug Manufacturers – Specialty & Generic company, rose about 2.75% at $1.12 in pre-market trading Wednesday. The firm recently revealed it first quarter fiscal 2021 financial results.

    Gevo Inc. (NASDAQ: GEVO) shares are trading up 4.74% at $1.99 at the time of writing. Company’s 52-week ranged between $0.46 to $2.91.

    Timber Pharmaceuticals Inc. (TMBR) stock moved down -0.97 percent to $1.02 in the pre-market trading after receiving notice of allowance from U.S. Patent and Trademark Office for Lead Asset TMB-001.

    Baidu Inc. (BIDU) is up more than 4.33% at $193.53 in pre-market hours Wednesday December 16, 2020. The stock had jumped over 13.83% to $185.50 in the last trading session.

    Aurora Cannabis Inc. (ACB) gained over 1.76% at $10.39 in pre-market trading Wednesday December 16, 2020 after provided a business update.

    Velodyne Lidar Inc. (VLDR) stock soared 3.91% to $20.2 in the pre-market trading after declaring a sales agreement for Alpha Prime sensors with May Mobility, a pioneer in autonomous vehicle (AV) technology. The most recent rating by Needham, on December 15, 2020, is a Buy.

    Before the trading started on December 16, 2020, Nikola Corporation (NKLA) is up 3.64% to reach $17.08. It has been trading in a 52-week range of $10.29 to $93.99.

    PG&E Corporation (NYSE: PCG) shares are trading up 2.87% at $12.55 at the time of writing after paying over $268 million in property taxes to 50 California counties. Company’s 52-week ranged between $6.25 to $18.34. Analysts have a consensus price target of $15.

    SELLAS Life Sciences Group Inc. (SLS) tumbled over -3.72% at $6.99 in pre-market trading today. The firm recently reported the pricing of $16.2 million registered direct offering.

    Nxt-ID Inc. (NASDAQ: NXTD) shares are trading down -1.66% at $0.4795 at the time of writing. Company’s 52-week ranged between $0.21 to $0.89.

    Qualigen Therapeutics Inc. (QLGN), a Biotechnology company, rose about 1.23% at $4.12 in pre-market trading Wednesday following its announcement of issuance of U.S. Patent for expanded applications of ALAN Anticancer Platform Technology.

    Concord Medical Services Holdings Limited (CCM) lost over -30.32% at $3.7 in pre-market trading Wednesday December 16, 2020.

    Aphria Inc. (APHA) grew over 11.45% at $9.05 in pre-market trading today following its declaration of definitive agreement with Tilray, Inc. (TLRY), to combine their businesses and create the world’s largest global cannabis company.

    Before the trading started on December 16, 2020, Hecla Mining Company (HL) is up 5.9% to reach $5.74. It has been trading in a 52-week range of $1.40 to $6.79.

    Twitter Inc. (TWTR), a Internet Content & Information company, rose about 3.1% at $54.46 in pre-market trading Wednesday after the declaration from the Amazon Web Services, Inc. (AWS), an Amazon.com, Inc. company (AMZN), that Twitter (TWTR) has selected AWS to provide global cloud infrastructure to deliver Twitter timelines.

    Torchlight Energy Resources Inc. (TRCH) stock plunged -4.63% to $0.5332 in the pre-market trading. The most recent rating by ROTH Capital, on March 13, 2020, is a Neutral.

    Arvinas Inc. (ARVN) is up more than 1.41% at $75.3 in pre-market hours Wednesday December 16, 2020 after reporting the pricing of an underwritten public offering of 5,714,286 shares of its common stock at a price of $70.00 per share, before underwriting discounts and commissions.

    Cinedigm Corp. (CIDM) stock plunged -0.54% to $0.84 in the pre-market trading. The most recent rating by The Benchmark Company, on July 07, 2020, is a Speculative buy.

    PDL BioPharma Inc. (PDLI) grew over 6.59% at $2.75 in pre-market trading today. The company recently reported that it has entered into a Capital Provision Agreement with Epps Investments LLC.

    vTv Therapeutics Inc. (VTVT) is down more than -31.99% at $2.02 in pre-market hours Wednesday December 16, 2020 after revealing that the Phase 2 Elevage study of azeliragon in people with mild Alzheimer’s disease and type 2 diabetes did not meet its primary objective of demonstrating an improvement in cognition as assessed by the 14-item Alzheimer’s Disease Assessment Scale – Cognitive Subscale (ADAS-cog14) relative to placebo.