Good morning Wake-up Watchlisters! While you’re sipping coffee you’ll see stock futures rose slightly on Friday as global shares headed for a second-straight quarterly gain. Technology shares are leading the charge, with a 19% surge, the most since 2020. Overall, the S&P climbed 0.6% for its third increase in four days.
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Here’s a look at the top-moving stocks this morning.
Nikola Corporation (Nasdaq: NKLA)
Nikola Corporation is down 5.71% premarket after the battery-and-hydrogen-powered electric truck maker announced a $100 million common stock offering at a price of $1.12 per share. It intends to use the net proceeds from the public offering for working capital and other general corporate purposes. The company CFO is also expected to retire next week.
Canoo Inc. (Nasdaq: GOEV)
Canoo is down 3.68% premarket after narrowing its quarterly loss per share to 25 cents and said it looks to scale production in 2023. It also recently settled its case with the Securities and Exchange Commission over its SPAC merger. The SEC investigation regarding the clean energy auto startup’s business had been going on for two years.
Back in 2020, electric vehicle maker Tesla saw a massive rise from less than $100 a share to $700. That’s enough to turn $10,000 into $1.7 million! And The Wall Street Journal says this $15 startup EV company could be the next Tesla. Its car has a 1,080-horsepower engine and a zero-to-60 time of 2.5 seconds, which makes it faster than Ferrari’s F8. And right now it’s trading ultra cheap.
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Rumble (Nasdaq: RUM)
Rumble is up 13.66% premarket after the video sharing platform’s global monthly active users grew for the fourth quarter. The company posted revenue of $20 million, way above analyst estimates of $10.2 million. The stock is up 56% year-to-date.
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Virgin Orbit (Nasdaq: VORB)
Virgin Orbit is down 43.8% premarket after the satellite company was unable to secure funding, according to CNBC. It also told employees that it would cease to operate “for the foreseeable future” and will cut 90% of its workforce.
Those are the biggest stock movers for today.
Happy trading!
The Wake-Up Watchlist Research Team
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