#August 11, 2021
#MARKET IN 5 MINUTES -
Futures & Implied Open
S&P500
4426.00
-3.75
-0.08%
NASDAQ
15,018.75
-25.75
-0.18%
DOW
35,168
+13
+0.03%
Asia-Pacific
HSI
26,660.16
+54.54
+0.20%
NIKEII
28,070.51
+182.36
+0.65%
SHANGHAI
3,532.62
+2.69
+0.08%
Commodities
OIL
66.90
-1.37
-1.99%
GOLD
1,739.40
+7.8
+0.55%
SILVER
23.39
-0.002
-0.01%
Pre-Market Gainers & Losers to Watch
Borqs Technologies Inc (BRQS )
$0.8792
+12.71%
Mechanical Technology Inc (MKTY)
$8.55
+10.03%
FREYR Battery (FREY)
$10.95
-3.78%
Fulcrum Therapeutics Inc (FULC)
$20.04
-3.61%
Trending Links
Netflix, Nvidia, DraftKings, Alibaba, Square — Stocks Cathie Wood’s Ark Bought Or Sold Tuesday
Cathie Wood-led Ark Invest on Tuesday further reduced its exposure in Netflix Inc (NASDAQ:NFLX) by about 71% as it shed 75,109 shares — estimated to be worth about $38.74 million — in the streaming video-on-demand service provider.
Netflix shares closed 0.79% lower at $515.84 on Tuesday.
The New York-based investment management group deployed the Ark Next Generation Internet ETF (NYSE:ARKW) to sell the shares in Netflix and also holds a position in the stock via the Ark Space Exploration & Innovation ETF (BATS:ARKX).
Microvast, AMC, Moderna, Clover Health, Pfizer, And More — Stocks Buzzing On WallStreetBets Today
Microvast Holdings Inc. (NASDAQ:MVST) remains the most-discussed stock on Reddit’s r/WallStreetBets forum as of Tuesday night, while AMC Entertainment Holdings Inc. (NYSE:AMC), Moderna Inc. (NASDAQ:MRNA) and Clover Health Investments Corp. (NASDAQ:CLOV) are also seeing high interest.
What Happened: Lithium-ion battery maker Microvast is seeing the highest interest on the forum with 905 mentions, followed by exchange-traded fund S&P SPDR 500 ETF Trust (NYSE:SPY) with 498 mentions, data from Quiver Quantitative showed.
Notable Earnings and Guidance
What’s Up With Poshmark Stock Hitting A New All-Time Low? (NASDAQ:POSH)
Jerash Holdings Q1 EPS $0.17 Beats $0.12 Estimate, Sales $29.90M Beat $25.30M Estimate (NASDAQ:JRSH)
Upgrades
CIBC Upgrades Centerra Gold (TSX:CG) to Neutral
Bryan Garnier Upgrades BioNTech (NASDAQ:BNTX) to Buy, Announces $451 Price Target
Downgrades
JP Morgan Downgrades Talis Biomedical (NASDAQ:TLIS) to Neutral, Lowers Price Target to $10
Morgan Stanley Downgrades Virgin Galactic Hldgs (NYSE:SPCE) to Underweight, Announces $25 Price Target
Initiations
Wells Fargo Initiates Coverage On GXO (NYSE:GXO) Logistics with Overweight Rating, Announces Price Target of $78
Deal Talk
ProPhase Labs ( PRPH) Acquires Nebula Genomics For ~$14.6M In Cash And Stock
ReNew Power ( RMGB) Announces Two Acquisitions Totaling 359 MWs of Renewable Energy Assets
Unusual & Notable Options Activity
PFE
Expiration Date: 09-17-2021
Put/Call: CALLS
Strike Price: $50
Size: 544
Price: $1.06
Open Interest: 40005
Sentiment: BEARISH
CANO
Expiration Date: 09-17-2021
Put/Call: CALLS
Strike Price: $10
Size: 200
Price: $1.7
Open Interest: 34003
Sentiment: BULLISH