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Tag: Sundial Growers

  • Sundial Growers Inc. (SNDL) stock Continues to Rise Ahead of its Upcoming Earnings. Why?

    On March 22, Sundial Growers Inc. (SNDL) remained bullish throughout the day with gains extending to the after-hours session. It seems investors are stocking up before the company releases its fiscal 2021 financial results. The company will declare its 2021 results on March 29, after the market close. Moreover, the conference call and webcast will be hosted at 10:30 am EST on March 30, 2022.

    Source: Investopedia

    In the regular trading session, the stock was able to add a good 10.01% at its closing price of $0.5848 per share. The volume of the shares exchanged during the session remained above the average at 92.71 million. SNDL continued its bullish momentum in the following after-hours session with a further gain of 9.44%. Hence, the stock was trading at a value of $0.6400 per share at an after-hours volume of 7.38 million shares.

    The Canada-based adult-use cannabis products producer, Sundial Growers Inc. was founded in 2006. Currently, its 2.06 billion outstanding shares trade at a market capitalization of $1.1 billion.

    Why is SNDL Bullish Before Earnings?

    As there is no news from the company other than its upcoming earnings, the stock seems to be gaining on external factors. It seems social media chatter over an expected-beat earnings report is causing the stock’s recent bullishness. Investors and experts alike are expecting good things from the company. Some of the reasons and expectations include a beat earnings report, Alcanna acquisition, and growth boost related to it.

    In the previous quarter, the company reported positive earnings while the cannabis market suffered immensely. SNDL’s track record along with the previous acquisition of Spiritleaf is expected to result in over 25% YOY revenue growth for Q4 2021. Moreover, the much-awaited Alcanna acquisition is also expected to close by the end of March 2022, as announced recently. Given that Alcanna is the majority shareholder of Nova Cannabis, SNDL is up for a growth spurt. Thus, with so much happening, the stock seems to have a bullish sentiment and is so far taking good advantage of it.

    Company News

    On February 08, the company announced receiving an extension of 180 calendar days from Nasdaq to regain compliance with its minimum bid price requirement.

    Being in non-compliance with Nasdaq’s minimum bid price requirement, the company was supposed to regain compliance by February 7, 2022. Unable to regain compliance, SNDL requested an extension and therefore, the company now has until August 8, 2022, to regain compliance.

  • Why are Sundial Growers Inc (SNDL) stocks trading at such a low level today?

    As of Premarket trading, Sundial Growers Inc (SNDL) was trading at $0.66, up $0.01 or 1.16 percent from its previous closing price of $0.65. So far today, the stock has traded between $0.65 and $0.67.

    Sundial Inc. announced Financial and Operational Results for the Third Quarter of 2021

     

    In the third quarter of 2021, net earnings were $11.3 million, compared to a loss of $71.4 million the previous year. In the third quarter of 2021, adjusted EBITDA was $10.5 million, compared to a loss of $4.4 million in the third quarter of 2020. For the third quarter of 2021, net revenue from Cannabis divisions was $14.4 million, up 57 percent from the second quarter of 2021 and up 12 percent from the third quarter of 2020.

    Cannabis divisions had a $1.8 million gross margin, including a $1.9 million loss from cannabis cultivation and production, compared to a $19.5 million loss in the third quarter of 2020. The third quarter of 2021 saw $3.3 million in investment and fee revenue, $6.0 million in realized gains on marketable securities, and $9.9 million in Sundial’s share of profit from equity accounted investees, compared to Nil in the third quarter of the previous year, which preceded the start of these activities.

    At September 30, 2021, the company had $1.1 billion in cash, marketable securities, and long-term investments, compared to $1.2 billion on November 9, 2021, with $571 million in unrestricted cash and no outstanding debt. Inner Spirit was acquired on July 20, 2021, and Alcanna Inc. (“Alcanna’), Canada’s largest private liquor retailer with 171 stores, was acquired on October 7, 2021, following the end of the third quarter.

    Sundial Growers Benefit from Liquor Business Acquisition 

    Sundial put 22 million Canadian dollars into Indiva, a cannabis food company (NDVAF). Half of the 22 million CAD was invested as equity, while the other half was a term loan that Indiva would repay with interest. Sundial also revised the transaction this month, giving Indiva an additional 8.5 million CAD.

    The interest rate on the loan was increased from 9% to 15% under the revised agreement.That adds a lot of value to Sundial’s offer. Furthermore, “100% of accrued interest is payable in cash and accrued on a monthly basis,” according to the agreement.

    With all of this, Sundial is on track to produce monthly interest revenue of approximately 246,899 CAD, or $197,519 in US dollars. Of course, Indiva’s ability to repay the loan with interest is a factor, so Sundial investors should keep an eye on the situation.

    Stock and Future Margins for SNDL

    Over 170 cannabis businesses and 171 booze stores will be owned outright or controlled by Sundial across Canada. That places it firmly in the upper echelon of Canadian retail, let alone cannabis or alcohol.

    One of the benefits of the purchase, according to Sundial’s management, will be a $15 million increase in EBITDA (earnings before interest and taxes) due to synergies discovered between the two companies. In the cannabis market, every dollar of earnings counts, so $15 million is significant.

  • Sundial Growers Inc. (NASDAQ: SNDL) stock plunged in the premarket trading session; here’s why

    Sundial Growers Inc. (NASDAQ: SNDL) stock plunged in the premarket trading session; here’s why

    We are seeing a plunge in the Sundial Growers Inc. (SNDL stock) shares by a percentage of -7.12%, trading at $0.8898 per share in pre-market at the last check. Previously, the trading session of SNDL stock closed on Thursday at $0.96 gaining 7.64%. In the past 50 days, the average daily volume of the stock traded at 210.62 million while the SNDL stock volume today remained 164.87 million shares, positing a lower volume of trade. In the past year up-to-date SNDL stock jumped up 24.42% and in the past week, it boosted by 0.84% in. In the past three and six months, the stock has shed -4.20% and added 77.57%. Further, the company is currently valued in the market at $1.95 billion and outstanding shares of the Sundial stood at 1.86 billion.

    All you need to know about Sundial Growers Inc.

    Sundial Growers Inc. is a drug manufacturing company that specifically specializes in cannabis products. The company produces as well as markets these cannabis products specifically for the use of adults. SNDL stock has established the market for its operations in Canada. The diverse set of cannabis and cannabis-related products include inhalable products that are categorized into KPIs such as flower, pre-rolls, and vapes. These product offerings are sold under the various brands of the company including Sundial Cannabis, Palmetto as well as Grasslands brands. The company has its origin in the year 2006 and has based its headquarters in Calgary of Canada.

    Sundial Growers Inc. is expanding its investment in the Cannabis industry through SunStream Bancorp.

    The cannabis producing company, SNDL stock has 448,000 square feet of state-of-the-art available space for its cannabis cultivation and cannabis production. However, this is not the only operating segment of the company as it also focuses on investments. This investment portfolio is strategized on deploying capital through direct and indirect investments as well as partnerships. The company is actively partnering up in the global cannabis industry to increase its overall profitability and market cap.

    For this particular reason, Sundial Growers Inc. has partnered up with SAF Group for a strategic joint venture in the global cannabis industry. This partnership benefits both companies as it leverages financial and operational partnerships strategically for the targeting of a diversely set of enhanced risk-return opportunities. These opportunities are purely related to the cannabis industry and aims to provide increased exposure to a portfolio of attractive debt, equity, and hybrid investments that increase the long-term success of such investments.

    Initially, Sundial Growers Inc. had announced that it was focusing on a commitment of C$188 million to SunStream Bancorp Inc. SunStream is the name of the previously mentioned Joint-Venture with SAF group. There is substantial growth in the cannabis industry as regulatory approvals ease down and licensing expansion cause a growth in the Cannabis market. SNDL stock is definitely banking on this future optimistic growth and has now planned to invest an increased commitment by C$350 million to C$538 million in total for SunStream Bancorp Inc.

  • Sundial (SNDL) Stock Price Is Up 7% In Premarket Trading. Why?

    The share price of Sundial Growers Inc. (SNDL) was up 7.0% in premarket trading at last check. During Wednesday’s session, Sundial stock gained 12.15 percent to close at $1.00. A count of 233.33 million shares of SNDL stock traded on Wednesday was a bit higher than the 231.66 million shares traded daily in the past 50 days.

    Within the past week, SNDL stock has gained 1.06%, bringing its twelve-month gain to 9.89%. For the past three months, SNDL stock lost -11.11%, whereas for the past six months, it has gained 97.82%. SNDL has an outstanding share count of approximately 1.66 billion and its market capitalization is $1.93 billion. The SNDL stock is once again flying high to the tune of positive mentions on different social media platforms.

    Has SNDL been hyped up by memes?

    The business of Sundial is divided into two segments: Cannabis and Investments. A total of 448,000 square feet of growing space is available at SNDL cannabis operations in Canada to cultivate small quantities of cannabis by using the “room” approach. In addition to its ‘craft-at-scale’ modular growing approach, award-winning genetics, and experienced growers, it is an award-winning licensed producer that crafts cannabis using state-of-the-art indoor facilities. SNDL’s investment operations aim to invest and partner globally in the cannabis sector in a direct and indirect manner.

    Cannabis companies that are seen as likely consolidators have attracted traders in recent weeks. Many weed producers struggle to turn a profit, and SNDL is no exception. SNDL has strengthened its stock price due partly to its popularity on Reddit and other stock-focused forums. The SNDL, however, remains the riskiest bet since it has produced losses in the past.

    Last month, Sundial announced its financial and operational results for the first quarter of 2021. A closer look at the same could provide us with insight into SNDL’s standing.

    Financial and Operational Highlights:

    • In the first quarter, operations at SNDL generated earnings of $1.7 million compared to a loss of $32.7 million in the previous quarter.
    • A loss of $134.4 million was recorded by SNDL in the reported quarter as a result of $130.0 million of noncash amounts accounting for share price volatility.
    • At March 31, 2021, SNDL held $96.0 million of cannabis-related loans and marketable securities which generated $15.7 million in income.
    • In the reported quarter, SNDL’s cannabis revenue dropped 30% to $11.7 million from a year-ago revenue of $12.7 million.

    Operational efforts by SNDL:

    Sundial (SNDL) remained struggling to increase its cultivation and processing activities along with its commitment to improving cultivation outcomes. Due to the continued growth of the discount segment and inventory monetization strategies through the Grasslands brand, SNDL experienced decreased revenue in the first quarter. In addition, seasonality and COVID-19 restrictions affected SNDL’s sales in the first quarter.

  • Why shares of Sundial Growers Inc. (SNDL) are rising in premarket trading?

    Sundial Growers Inc. (SNDL), a cannabis company that engages in the production and distribution of flowers, pre-rolls, and vapes, announced on Friday that it has increased its financial commitment to SunStream to $188M, which was previously announced to be $100M. SNDL stock increased substantially adjacent to the news, with SNDL share price still rising to date.

    At last check in premarket trading, shares of Sundial Growers Inc. (SNDL) were up 2.22% at $0.89. The stock of SNDL gained 4.36% to complete the last trading session at $0.87. The price range of the company’s shares was between $0.8461 and $0.90.In the past 12 months, the company’s stock has advanced 74.26%

    About Sundial growers.

    The company announced in march to initiate a joint venture with the SAF Opportunities LP through a newly established corporation, SunStream Bancorp. The joint venture has been established with a 50% stake for each company and was created with an objective to stimulate investment opportunities in the cannabis space, by offering exposure to debt, equity, and hybrid investments.

    SunStream was initially given the task to create a special opportunities fund, with assistance from various other partnerships as well as the financial commitment from SNDL. An update regarding capital commitment to several third parties is expected within a couple of months. It is also expected that the joint venture should will pursue other opportunities such as a Canadian SPAC, which could be extremely significant in a capital generation.

    The complementary nature of the businesses will allow Sundial to remain focused on their core operations while leveraging a strategic financial and operational partnership with SAF, which specializes in private equity and credit investment expertise on an international scale. Zach George, chief executive officer for Sundial, stated at the time. “We look forward to working together to generate attractive returns for our stakeholders through broader capital deployment opportunities in the global cannabis market.”

    Sundial’s brand portfolio which is inclusive of Top Leaf, Sundial Cannabis, Palmetto, and Grasslands focuses on consumer-oriented products and is trying immensely to further diversify its product line generate attractive returns for our stakeholders through broader capital deployment.

    Conclusion

    Sundial growers offered a better-than-expected outlook for the current quarter and anticipate sales and profits to grow for the full year after a joint venture with SAF opportunities. Furthermore, a larger distribution network and an increase in the cannabis retail market combined with a diversified product line has peaked investor interest in the company stock.

  • Why Sundial Growers Inc (SNDL) stock is going up?

    Why Sundial Growers Inc (SNDL) stock is going up?

    Sundial Growers Inc (SNDL) stock price is going up continuously. In Todays’s March 18, 2021, pre-market it has gained 4.55% as of this writing. The stock went up yesterday as well by 1.99% and closed at $1.54.

    Latest news of SNDL

    On March 17, 2021, SNDL announced its financial results for the full year and the fourth quarter ended December 31, 2020. All the financial figures are given in Canadian dollars

    Q4 Financial Highlights

    • SNDL Net revenue was $13.9 million for the three months ended December 31, 2020 
    • The adjusted gross margin was $3.2 million for the reported quarter.
    • SMG&A expenses were $8.8 million in the fourth quarter of 2020.
    • Net loss from continuing operations was $64.1 million for Q4.
    • Adjusted EBITDA from continuing operations was a loss of $5.6 million 

    Full-year 2020 Highlights

    • SMG&A expenses were $37.8 million for full-year 2020.
    • For 2020 Net loss from continuing operations was $206.3
    • Adjusted EBITDA was a loss of $25.6 million for 2020
    • SNDL gross revenue was $73.3 million for the year 2020 and net revenue was $60.9 million.
    • As of December 31, 2020 SNDL, has $60.4 million unrestricted cash on hand and $719 million unrestricted cash on hand on March 15, 2021.

    New Venture with SAF

    On Monday, March 15 2021, SNDL announced a 50/50 joint venture with SAF Opportunities LP and the new venture will be called SunStream Bancorp. The joint venture will focus on making cannabis-related debt and equity investments in Canada and international markets.

    Conclusion:SNDL stock is likely to do better as the cannabis market is growing. Moreover,SNDL recent financial results beat all the estimates and their recent partnership with SAF make them an attractive option for the investors.

  • Early Morning Vibes: Watch These 4 Stocks Today

    Early Morning Vibes: Watch These 4 Stocks Today

    The session on December 11, the American stock indexes finished in different directions. The S&P 500 Index dropped 0.13% to 3663 points, the Dow Jones added 0.16%, the NASDAQ lost 0.23%. At the beginning of trading, quotes went down for a short time, but most of the losses during the day were compensated, thanks to positive macro statistics. The communications sector emerged as the clear leader, rallying 1.15% on higher Disney shares. The financial and energy sectors looked weaker than the market, losing about 1% due to the fixation of positions after the rally.
     

    Corporate News
     

    Walt Disney (DIS: + 13.6%) management shared plans and forecasts for streaming services Disney +, Hulu, ESPN + and Star. The cumulative number of subscribers is expected to grow from the current 137 million to 300-350 million by FY2024.
     

    Apple (AAPL: -0.7%) is developing its own modem for its future devices. The news put pressure on shares of Qualcomm (QCOM: -7.4%), a chip maker for 5G communications.
     

    Oracle’s quarterly results (ORCL: + 1.8%) exceeded expectations on strong demand for cloud services.
     

    Today, world stock exchanges are showing mostly positive dynamics. The vaccination campaign can start today. Moderna’s vaccine may be approved this Friday, December 18th, but that too will not come as a surprise to market participants. On the eve of the US authorities issued an order for 100 million of anti-clotting vaccines from this company.
     

    The discussions on the stimulus package remain in the focus of investors’ attention, especially in light of the weak data on jobless claims last week. Today, lawmakers will present a detailed bill on the $ 908 billion package, which can be split into two blocks. One of the blocks will contain support measures that are less controversial among lawmakers. Even a compromise solution on this issue will be welcomed by investors.

    Top Upgrades & Downgrades


    KeyBanc turned bullish on Welltower Inc. (WELL), upgrading the stock to “Overweight” and assigning a $70.0 price target.
     

    RPT Realty (RPT) has won the favor of KeyBanc’s equity research team. The firm upgraded the shares from Sector Weight to Overweight and moved their price target to $11.0.
     

    The Macerich Company (MAC) received an upgrade from analysts at KeyBanc. They changed their rating on MAC to Sector Weight from Underweight in a recently issued research note.
     

    Earlier Monday KeyBanc reduced its rating on Xenia Hotels & Resorts Inc. (XHR) stock to Sector Weight from Overweight.
     

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

    Analysts at KeyBanc downgraded Retail Opportunity Investments Corp. (ROIC)’s stock to Sector Weight from Overweight on Monday.

    Today Top Movers


    Sundial Growers Inc (SNDL) went up 3.69% in today’s premarket session following a declaration from the firm that it has received approval to transfer the listing of its common shares to the Nasdaq Capital Market.
     

    Ideanomics Inc (IDEX) share price surged 11.96% at $2.06 in premarket session on Monday. Investors should take the recent surge in Ideanomics’ share price as a cautionary sign.
     

    Veru Inc (VERU) stock soared 21.16% in early morning trading session today. The firm recently declared that it has exclusively licensed worldwide rights to enobosarm, a late-stage oral novel androgen receptor (AR) targeting agent for the treatment of endocrine resistant ER+ HER2- metastatic breast cancer.

    Latest Insider Activity


    Progyny Inc. (PGNY) 10% Owner TPG Group Holdings (SBS) Advis announced the sale of shares taking place on Dec 10 at $37.52 for some 73,100 shares. The total came to more than $2.74 million.
     

    Enphase Energy Inc. (ENPH) Director Malchow Joseph Ian sold on Dec 11 a total 82,950 shares at $143.90 on average. The insider’s sale generated proceeds of almost $0.43 million.
     

    Gran Tierra Energy Inc. (GTE) Director Wade Brooke N. declared the purchase of shares taking place on Dec 09 at $0.39 for some 200,000 shares. The transaction amount was around $78000.0.
     

    Allied Esports Entertainment Inc. (AESE) 10% Owner Knighted Pastures LLC bought on Dec 10 a total 3,945,720 shares at $1.14 on average. The purchase cost the insider an estimated $99,194.

    Earnings To Watch


    Top US earnings releases scheduled for today include Champions Oncology Inc. (NASDAQ: CSBR). It will announce its Oct 2020 financial results. The company is expected to report revenues of $9.38M in the three-month period.
     

    Analysts expect Qudian Inc. (NYSE: QD) to report a net income (adjusted) of $0.04 per share, when the bank releases its quarterly results shortly. Revenue for the fiscal quarter ended Sep 2020 is predicted to come in at $165.18M.
     

    Vince Holding Corp. (VNCE), due to announce earnings after the market closes today, is expected to report earnings of $0.44 per share from revenues of $65.9M recently concluded three-month period.

  • Sundial Growers Inc. (NASDAQ: SNDL) stock decline in Pre-market session as it Files New Shelf Registration Statement

    Sundial Growers Inc. (NASDAQ: SNDL) stock decline in Pre-market session as it Files New Shelf Registration Statement

    Sundial Growers Inc. (NASDAQ: SNDL) saw a dip in the pre-market session as the stock was down -9.35% to $0.475 after it reported that a “universal shelf” registration statement has been filed with the U.S. on Form F-3. The Stock and Exchange Commission requires up to US$200 million for the listing and selling of different securities. The Firm has also submitted a preliminary prospectus supplement for up to US$150 million of the Company’s common stock in respect of a proposed at-the-market equity scheme (the ‘ATM Program’).

    The Corporation plans to make use of the ATM Scheme’s gross revenues, if any, to continue retiring its debt and fund future purchases or developments in machinery, services, other undertakings, goods or technology, working capital, and general corporate purposes.

  • 41 Stocks Making Sharp Moves in Pre Market Session

    41 Stocks Making Sharp Moves in Pre Market Session

    NanoVibronix Inc. (NASDAQ: NAOV) shares are trading down -4.55% at $1.05 at the time of writing after announcing $6.0 million private placement. Company’s 52-week ranged between $0.54 to $3.50.
    Merrimack Pharmaceuticals Inc. (MACK) stock plunged -6.93% to $6.04 in the pre-market trading. The most recent rating by JP Morgan, on October 07, 2016, is a Neutral.
    Curis Inc. (CRIS) is down more than -5.85% at $1.77 in pre-market hours Thursday December 03, 2020 after declaring that it will host Virtual Event to discuss CA-4948 clinical data. The stock had jumped over 22.88% to $1.88 in the last trading session.
    Before the trading started on December 03, 2020, Obalon Therapeutics Inc. (OBLN) is down -8.62% to reach $1.06. It has been trading in a 52-week range of $0.62 to $2.14.
    Artelo Biosciences Inc. (ARTL) grew over 7.53% at $0.7065 in pre-market trading today following announcement its appointment of drug discovery and development veteran Gregory R. Reyes, M.D., Ph.D. to the Company’s Board of Directors.
    Acorda Therapeutics Inc. (ACOR), a Biotechnology company, dropped about -3.54% at $0.79 in pre-market trading Thursday.
    Ampio Pharmaceuticals Inc. (AMPE) is up more than 6.8% at $1.1 in pre-market hours Thursday December 03, 2020 after declaring its phase I study for Inhaled Ampion advances to completing enrollment of COVID-19 patients with respiratory distress. The stock had jumped over 12.65% to $1.03 in the last trading session.
    Nxt-ID Inc. (NASDAQ: NXTD) shares are trading down -6.11% at $0.446 at the time of writing. Company’s 52-week ranged between $0.21 to $0.89.
    OrganiGram Holdings Inc. (OGI) stock moved down -2.86 percent to $1.36 in the pre-market trading. The company recently released fourth quarter 2020 results.
    InVivo Therapeutics Holdings Corp. (NVIV) gained over 14.27% at $0.7999 in pre-market trading Thursday December 03, 2020.
    HEXO Corp. (HEXO) lost over -5.98% at $1.1 in pre-market trading Thursday December 03, 2020 as the firm recently revealed that it has repositioned the UP Cannabis brand with a differentiator of 20% THC or higher in all dried flower products, every time.
    Before the trading started on December 03, 2020, Aurora Cannabis Inc. (ACB) is down -2.92% to reach $10.63. It has been trading in a 52-week range of $3.71 to $32.88.
    Before the trading started on December 03, 2020, Golar LNG Limited (GLNG) is down -6.67% to reach $8.75 after declaring that it intends to offer, issue and sell to the public 11,000,000 common shares, par value $1.00 per share, through an underwritten public offering. It has been trading in a 52-week range of $4.54 to $15.24.
    Aeterna Zentaris Inc. (AEZS) stock soared 3.1% to $0.455 in the pre-market trading. The most recent rating by Maxim Group, on July 19, 2017, is a Buy.
    Oramed Pharmaceuticals Inc. (NASDAQ: ORMP) shares are trading up 9.23% at $4.26 at the time of writing after reporting that it has screened the first patients in a global trial of its oral insulin capsule ORMD-0801 for the treatment of Nonalcoholic steatohepatitis (NASH). Company’s 52-week ranged between $2.40 to $6.05. Analysts have a consensus price target of $5.50.
    Ashford Hospitality Trust Inc. (AHT), a REIT – Hotel & Motel company, rose about 7.36% at $2.48 in pre-market trading Thursday.
    Ideanomics Inc. (IDEX) grew over 0.86% at $2.35 in pre-market trading today. The technology firm lately declared that its subsidiary, Tree Technologies Sd. Bhd., which owns the Treeletrik brand, has hired Richard Teoh as its Chief Financial Officer.
    AIkido Pharma Inc. (AIKI) is down more than -2.2% at $0.59 in pre-market hours Thursday December 03, 2020. The stock had jumped over 8.94% to $0.60 in the last trading session.
    NIO Limited (NIO), a Auto Manufacturers company, dropped about -2.21% at $46.92 in pre-market trading Thursday after providing its November 2020 delivery results.
    Genius Brands International Inc. (GNUS) is up more than 2.14% at $1.43 in pre-market hours Thursday December 03, 2020. The stock had jumped over 5.26% to $1.40 in the last trading session.
    Micro Focus International plc (MFGP) gained over 2.81% at $5.12 in pre-market trading Thursday December 03, 2020 following the publication its findings of ‘Endless Modernization’ research with Standish Group.
    Trine Acquisition Corp. (NYSE: TRNE) shares are trading up 6.44% at $14.22 at the time of writing. Company’s 52-week ranged between $9.40 to $13.94.
    Before the trading started on December 03, 2020, Borr Drilling Limited (BORR) is down -6.29% to reach $0.7625. The firm recently declared unaudited results for the three and nine months ended September 30, 2020. It has been trading in a 52-week range of $0.24 to $9.12.
    Blink Charging Co. (BLNK), a Specialty Retail company, dropped about -2.83% at $22.35 in pre-market trading Thursday.
    Boxlight Corporation (BOXL) lost over -2.53% at $1.54 in pre-market trading Thursday December 03, 2020. An education technology firm recently reported that Shaun Marklew has been appointed as Chief Technology Officer and Patrick Foley will be appointed as Chief Financial Officer on January 16, 2021.
    Before the trading started on December 03, 2020, Pyxis Tankers Inc. (PXS) is up 10.87% to reach $1.02. It has been trading in a 52-week range of $0.62 to $1.37.
    Orbital Energy Group Inc. (OEG) is down more than -3.1% at $1.25 in pre-market hours Thursday December 03, 2020 following announcement its wholly-owned transmission & distribution division, Orbital Power Services signed a Master Services Agreement with a midwestern investor-owned utility.
    Telefonica S.A. (TEF) is down more than -2.64% at $4.43 in pre-market hours Thursday December 03, 2020. The stock had jumped over 1.56% to $4.55 in the last trading session.
    Longview Acquisition Corp. (NYSE: LGVW) shares are trading up 7.86% at $15.79 at the time of writing. Company’s 52-week ranged between $9.34 to $17.99.
    UP Fintech Holding Limited (NASDAQ: TIGR) shares are trading up 3.51% at $5.61 at the time of writing. Company’s 52-week ranged between $2.03 to $7.60.
    Veru Inc. (VERU) gained over 10.39% at $3.4 in pre-market trading Thursday December 03, 2020.
    Tonix Pharmaceuticals Holding Corp. (TNXP) grew over 2.46% at $0.6414 in pre-market trading today.
    Before the trading started on December 03, 2020, Orange S.A. (ORAN) is down -5.39% to reach $12.28 after reporting that it plans to launch a conditional voluntary public takeover bid on all the shares of Orange Belgium that it does not yet own. It has been trading in a 52-week range of $9.93 to $16.08.
    Switchback Energy Acquisition Corporation (SBE) gained over 2.27% at $30.17 in pre-market trading Thursday December 03, 2020.
    Nano Dimension Ltd. (NNDM), a Computer Hardware company, rose about 4.69% at $6.7 in pre-market trading Thursday after closing the previously reported registered direct offering of 11,960,160 of the Company’s American Depositary Shares at a price of $5.00 per ADS.
    Harmony Gold Mining Company Limited (HMY) is down more than -2.42% at $4.44 in pre-market hours Thursday December 03, 2020. The stock had dropped over 0.00% to $4.55 in the last trading session.
    Waddell & Reed Financial Inc. (WDR) stock moved up 46.33 percent to $24.89 in the pre-market trading after declaring a merger agreement with Macquarie Asset Management, under which Macquarie would acquire Waddell & Reed Financial, Inc. for $1.7 Billion.
    Limelight Networks Inc. (LLNW) stock plunged -2.78% to $4.2 in the pre-market trading. The most recent rating by Goldman, on November 30, 2020, is a Neutral.
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    CBAK Energy Technology Inc. (NASDAQ: CBAT) shares are trading up 2.75% at $7.1 at the time of writing. Company’s 52-week ranged between $0.36 to $11.40.
    Splunk Inc. (SPLK) tumbled over -20.5% at $163.69 in pre-market trading today as the firm released fiscal third quarter 2021 financial results.

  • 49 Stocks Making Sharp Moves in Pre Market Session

    49 Stocks Making Sharp Moves in Pre Market Session

    BlackBerry Limited (BB) stock soared 21.29% to $8.49 in the pre-market trading following the announcement of its multi-year, global agreement with Amazon Web Services, Inc. (AWS). The most recent rating by TD Securities, on April 01, 2020, is a Hold.
    Gores Metropoulos Inc. (GMHI), a Shell Companies company, dropped about -3.71% at $16.37 in pre-market trading Wednesday.
    Carnival Corporation & Plc (NYSE: CCL) shares are trading up 2.48% at $20.65 at the time of writing. The firm recently reported Peter C. Anderson as a Section 16 Named Executive Officer. Company’s 52-week ranged between $7.80 to $51.94. Analysts have a consensus price target of $31.
    Guardion Health Sciences Inc. (GHSI) is up more than 2.11% at $0.3 in pre-market hours Wednesday December 02, 2020. The stock had jumped over 11.71% to $0.29 in the last trading session.
    Advaxis Inc. (ADXS) grew over 0.85% at $0.32 in pre-market trading today. The healthcare company recently announced closing of $9.2 million public offering.
    Before the trading started on December 02, 2020, RiceBran Technologies (RIBT) is down -5.56% to reach $0.68. It has been trading in a 52-week range of $0.37 to $2.43.
    Sundial Growers Inc. (SNDL) stock moved up 5.75 percent to $0.69 in the pre-market trading and the company recently announced elimination of senior secured second lien convertible notes.
    Kaixin Auto Holdings (KXIN) is up more than 4.55% at $7.35 in pre-market hours Wednesday December 02, 2020. The stock had jumped over 8.32% to $7.03 in the last trading session.
    Moleculin Biotech Inc. (MBRX) lost over -7.83% at $0.9125 in pre-market trading Wednesday December 02, 2020 after declaring that the US Food and Drug Administration (FDA) has approved its request for a “Rare Pediatric Disease” designation for its drug candidate WP1066.
    Jaguar Health Inc. (JAGX) stock plunged -5.83% to $0.4313 in the pre-market trading. The most recent rating by Rodman & Renshaw, on July 11, 2017, is a Buy.
    Auris Medical Holding Ltd. (EARS) stock plunged -17.97% to $4.29 in the pre-market trading after reporting positive efficacy data from testing AM-301 in vitro. The most recent rating by Euro Pacific Capital, on October 08, 2018, is a Buy.
    Before the trading started on December 02, 2020, Sunworks Inc. (SUNW) is up 9.88% to reach $4.67. It has been trading in a 52-week range of $0.29 to $8.50.
    China Automotive Systems Inc. (NASDAQ: CAAS) shares are trading down -4.95% at $8.25 at the time of writing after the firm declared that its shipped approximately 120,000 units from its portfolio of electric power steering products for use in Chinese electric vehicles during 2020. Company’s 52-week ranged between $1.42 to $10.50.
    Tilray Inc. (NASDAQ: TLRY) shares are trading up 1.61% at $8.2 at the time of writing. Company’s 52-week ranged between $2.43 to $22.95. Analysts have a consensus price target of $4.77.
    Ocugen Inc. (OCGN) lost over -8.87% at $0.3101 in pre-market trading Wednesday December 02, 2020. The company recently reported that leading independent proxy firms ISS and Glass Lewis recommended Ocugen stockholders vote “FOR” reverse stock split and authorized shares amendment proposals.
    AMC Entertainment Holdings Inc. (AMC) is up more than 2.41% at $4.25 in pre-market hours Wednesday December 02, 2020. The stock had dropped over -2.81% to $4.15 in the last trading session.
    Before the trading started on December 02, 2020, JetBlue Airways Corporation (JBLU) is down -4.67% to reach $14.7 following the declaration of its pricing of common stock offering. It has been trading in a 52-week range of $6.61 to $21.65.
    Before the trading started on December 02, 2020, Uxin Limited (UXIN) is down -3.65% to reach $1.32. It has been trading in a 52-week range of $0.72 to $3.10.
    Li Auto Inc. (NASDAQ: LI) shares are trading up 1.78% at $35.48 at the time of writing after announcing that the Company delivered 4,646 Li ONEs in November 2020. Company’s 52-week ranged between $14.31 to $47.70. Analysts have a consensus price target of $45.60.
    Aurora Cannabis Inc. (ACB) stock soared 3.59% to $10.1 in the pre-market trading. The most recent rating by Jefferies, on November 16, 2020, is an Underperform.
    Tantech Holdings Ltd (TANH), a Household & Personal Products company, dropped about -3.24% at $1.79 in pre-market trading Wednesday after reporting the launch by its subsidiary, Shangchi Automobile Co., Ltd., of its newest highly innovative driverless and autonomous street sweeper.
    Corbus Pharmaceuticals Holdings Inc. (NASDAQ: CRBP) shares are trading down -5.52% at $1.37 at the time of writing. Company’s 52-week ranged between $0.91 to $9.78. Analysts have a consensus price target of $3.
    iBio Inc. (IBIO) is up more than 19.31% at $1.73 in pre-market hours Wednesday December 02, 2020 after revealing that it has entered into its first Statement of Work (“SoW”) under a Master Services Agreement with ATB Therapeutics to produce its bioengineered antibody-toxin fusion proteins using iBio’s FastPharming® System. The stock had dropped over -2.68% to $1.45 in the last trading session.
    Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) shares are trading up 2.09% at $23.42 at the time of writing. Company’s 52-week ranged between $7.03 to $59.78. Analysts have a consensus price target of $26.
    Moderna Inc. (MRNA) stock soared 6.09% to $149.6 in the pre-market trading. The biotechnology firm reported recently, that the primary efficacy analysis of the Phase 3 study of mRNA-1273 conducted on 196 cases confirms the high efficacy observed at the first interim analysis. The most recent rating by Wells Fargo, on November 23, 2020, is an Equal weight.
    Switchback Energy Acquisition Corporation (SBE) is down more than -4.16% at $28.13 in pre-market hours Wednesday December 02, 2020. The stock had dropped over -12.67% to $29.35 in the last trading session.
    Novavax Inc. (NVAX) grew over 4.84% at $129.44 in pre-market trading today after declaring COVID-19 vaccine clinical development progress.
    Before the trading started on December 02, 2020, Eastman Kodak Company (KODK) is up 3.88% to reach $7.5. It has been trading in a 52-week range of $1.50 to $60.00.
    ReneSola Ltd (SOL), a Solar company, dropped about -11.66% at $6.97 in pre-market trading Wednesday after releasing its third quarter 2020 financial results.
    Acasti Pharma Inc. (ACST) stock plunged -9.56% to $0.3301 in the pre-market trading. The most recent rating by Oppenheimer, on September 01, 2020, is a Perform.
    Pfizer Inc. (PFE) stock moved up 3.73 percent to $40.88 in the pre-market trading after the firm and BioNTech SE reporting that the Medicines & Healthcare Products Regulatory Agency (MHRA) in the U.K. has granted a temporary authorization for emergency use for their COVID-19 mRNA vaccine (BNT162b2), against COVID-19.
    Gevo Inc. (NASDAQ: GEVO) shares are trading down -3.17% at $1.83 at the time of writing. Company’s 52-week ranged between $0.46 to $2.91.
    Fisker Inc. (FSR) is down more than -3.41% at $17.55 in pre-market hours Wednesday December 02, 2020. The company recently reported that that Henrik Fisker, chairman and chief executive officer of Fisker, will participate in the Credit Suisse Eighth Annual Virtual Industrials Conference. The stock had dropped over -6.24% to $18.17 in the last trading session.
    Nxt-ID Inc. (NXTD) grew over 43.17% at $0.587 in pre-market trading today.
    Before the trading started on December 02, 2020, Bloom Energy Corporation (BE) is down -6.58% to reach $23.0 and the company will host virtual analyst day on December 16, 2020. It has been trading in a 52-week range of $3.00 to $28.24.
    Ocean Power Technologies Inc. (OPTT), a Electrical Equipment & Parts company, dropped about -3.54% at $2.45 in pre-market trading Wednesday.
    Nikola Corporation (NKLA) stock soared 4.38% to $18.13 in the pre-market trading after signing MOU with General Motors. The most recent rating by Loop Capital, on November 20, 2020, is a Buy.
    Vaxart Inc. (VXRT) gained over 3.92% at $7.95 in pre-market trading Wednesday December 02, 2020.
    salesforce.com inc. (CRM) lost over -4.16% at $231.3 in pre-market trading Wednesday December 02, 2020 after introducing service cloud workforce engagement to help contact centers thrive in an all-digital, work-from-anywhere world.
    InVivo Therapeutics Holdings Corp. (NVIV), a Biotechnology company, rose about 2.42% at $0.635 in pre-market trading Wednesday.
    FuelCell Energy Inc. (FCEL) stock plunged -20.11% to $7.23 in the pre-market trading following the publication pricing of its underwritten public offering of 34,518,539 shares of its common stock, at a public offering price of $6.50 per share. The most recent rating by JP Morgan, on November 19, 2020, is a Neutral.
    Pershing Square Tontine Holdings Ltd. (PSTH), a Shell Companies company, rose about 2.34% at $26.25 in pre-market trading Wednesday.
    Virgin Galactic Holdings Inc. (NYSE: SPCE) shares are trading up 4.37% at $29.59 at the time of writing after reporting its new flight window since it paused the spaceflight preparations in response to state guidelines from the New Mexico Department of Health to reduce the spread of COVID-19. Company’s 52-week ranged between $7.14 to $42.49. Analysts have a consensus price target of $19.
    Second Sight Medical Products Inc. (EYES) stock moved down -8.0 percent to $1.38 in the pre-market trading.
    BioNTech SE (BNTX) grew over 7.36% at $122.4 in pre-market trading today after declaring that it will hold a press conference including a video webcast on Wednesday, December 2, 2020, to provide an update on the status of the COVID-19 vaccine development program of its lead vaccine candidate BNT162b2.
    Sogou Inc. (SOGO), a Internet Content & Information company, rose about 3.09% at $8.68 in pre-market trading Wednesday.
    Tellurian Inc. (TELL) is down more than -4.29% at $1.56 in pre-market hours Wednesday December 02, 2020 and the firm recently declared the appointment veteran CEO and adds industry experts to board of directors. The stock had jumped over 9.40% to $1.63 in the last trading session.
    Arlo Technologies Inc. (ARLO) lost over -3.48% at $6.66 in pre-market trading Wednesday December 02, 2020.
    Before the trading started on December 02, 2020, ZoomInfo Technologies Inc. (ZI) is down -3.57% to reach $46.22 as the firm announced pricing of secondary offering of shares of class a common stock. It has been trading in a 52-week range of $30.83 to $64.40.