Today's Pre-Market Stock Movers: BBY, BIDU, LCID, FSLR and More

Moomoo Breakfast US wrote a column · Aug 30, 2022 20:34

Gapping up

In reaction to earnings/guidance:

• $Gambling.com (GAMB.US)$ +5.5%, $Baidu (BIDU.US)$ +3.6%, $Best Buy (BBY.US)$ +2.4%, $Heico (HEI.US)$ +1.4%, $Big Lots (BIG.US)$ +0.6%

Other news:

• $FREYR Battery (FREY.US)$ +11.4% (announces the execution of 38 GWh Li-Ion Battery binding cell sales agreement; enters into module & pack JV for energy storage solutions with Nidec)

• $Avid Technology (AVID.US)$ +9.6% (to join S&P SmallCap 600)

• $RVL Pharmaceuticals (RVLP.US)$ +2.3% (Revision Skincare announces strategic partnership withRVLP)

• $North Mountain Merger Corp (NMMC.US)$ +2% (terminates previously announced merger with Corcentric)

• $Dole plc (DOLE.US)$ +2% (Jan Barta disclosed 5.2% active stake last night)

• $First Solar (FSLR.US)$ +1.8% (to invest up to $1.2 bln scaling production of American-made responsible solar by 4.4 GW)

• $Netflix (NFLX.US)$ +1.4% (Netflix is denying a Bloomberg report that it’s mulling a $7 to $9 monthly charge for its upcoming ad-supported streaming service. )

• $International Game Technology (IGT.US)$ +1.4% (IGT and DDI settle lawsuit)

• $Haemonetics (HAE.US)$ +1.3% (announces deal with Epic to offer its SafeTrace Tx blood bank info to Epic's network of hospitals)

Analyst comments:

• $American Outdoor Brands (AOUT.US)$ +5.5% (upgraded to Buy from Neutral at B. Riley Securities)

• $Gap Inc (GPS.US)$ +3% (upgraded to Equal Weight from Underweight at Barclays)

• $PDD Holdings (PDD.US)$ +3% (upgraded to Buy from Hold at HSBC Securities)

Gapping down

In reaction to earnings/guidance:

• $Conn's (CONN.US)$ -5.7%, $Photronics (PLAB.US)$ -1.4%

Other news:

• $Sangamo Therapeutics (SGMO.US)$ -3.8% (Updated Preliminary Phase 1/2 Data in Fabry Disease Clinical Study Showing Continued Tolerability and Sustained Elevated a-gal A Enzyme Activity in Five Longest Treated Patients)

• $Axos Financial (AX.US)$ -2% (files to delay 10-K due to required testing and validation of Axos Advisor Services activity having taken longer than anticipated)

• $Lucid Group (LCID.US)$ -1.4% (files for $8 bln mixed securities shelf offering; also stock offering related to warrants)

Analyst comments:

• $Molecular (MOLN.US)$ -5.8% (downgraded to Sector Perform from Outperform at RBC Capital Mkts)

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Billy Badass : missed BBBY up 12%

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71551488 Billy Badass : they dont want to promote it anymore, they probably got puts on

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RDK79 : Netflix should sue the crap out of Bloomberg! These unsubstantiated postings by financial ‘experts’ without any accountability is amazing. Wall-street is bulletproof

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HereForTheTrades RDK79 : P/E is still 20, tell me what's reasonable for a company that struggles to increase earnings

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