Upside, Downside Movers in the Morning
Upside:
-AUUD +76% (submits S-4 for merger with Thramann Holdings)
-MICC +11% (reportedly Blackstone and CD&R in early stages of exploring bids for company)
-PZZA +9.1% (largest franchisee considers joining Irth Capital in take private bid)
-FIG +8.3% (earnings, guidance)
-BOOT +5.1% (earnings, guidance)
-DXCM +5.1% (investor meeting guidance, comments)
-DTST +2.6% (earnings, color)
Downside:
-AARD -37% (plans to Unblind HERO and OLE Data to Inform Path Forward Following FDA Clinical Hold)
-LNZA -27% (files to sell $20M registered direct stock offering)
-IPWR -21% (prices ~5.29M shares for gross proceeds ~$30M)
-BW -12% (prices $200M common stock offering of 10.5M shares at $18.50/shr)
-NNVC -11% (enters registered direct offering for $2M gross proceeds)
-WOLF -11% (potential correction following Citrini Research report; Slate Path Capital reports 10% passive stake)
-POET -9.6% (files to sell 19.0M shares at $21.00/shr in $400M registered direct offering)
-FRMI -9.1% (Evercore ISI Institutional Equities Cuts FRMI to In Line from Outperform, price target: $11)
-RUM -8.0% (earnings, color)
-NMAX -6.9% (earnings, guidance)
-DGXX -6.7% (earnings, color)
-BTBT -6.1% (reports Q1 revenue)
-MRVL -6.0% (downside momentum)
-NU -5.4% (earnings, color)
-CBRS -4.4% (profit-taking following NASDAQ trading debut)
-VIK -3.2% (Morgan Stanley Cuts VIK to Equal Weight from Overweight, price target: $86)
Positions: None.
