Futures down for the fourth day in a row as the market awaits Powell testimony in front of congress, “The prevailing view, priced into the futures market, is for a 100% chance of a quarter point rate cut July 31”. CNBC reports
BTC slowly edging higher, testing $13 000
“Valeritas price target raised to $12 from $1.25 at Oppenheimer”, thefly.com reports, reminiscent of a prior $12.00 price target Oppenheimer set a few months ago with OTLK which caused the share price to go up 200% . As of 7:04am, its currently up 46% on 22 000 shares traded
What a coincidence, Oppenheimer underwrote their previous offering…
Beneficial ownership as of 4/10/19
Cash burn rate of 25% going off the prior quarter. They will be needing money soon. Expect a pump ahead of an offering. Also, if you subtract the shares currently held by the beneficial owners, there is only about 1.7 million shares freely trading ATM
“Oil gains on API stockdraw, Gulf of Mexico storm”, Reuters reports, currently up 2.27% as of 7:32am
“Vislink awarded $2.8M U.S. Army contract for handheld ISR receiver devices”, thefly.com reports. Currently up 66% on 209,953 shares traded as of 7:49am.
NIO experienced unusual call option flow yesterday, currently up 7.8% on 796,128 shares traded as of 7:56am. We called this stock on June.13th, saying EV would see some buzz in the near future
8:26am, VISL up 150% now on 1,198,243 shares traded.
8:38am, VISL up 266% on 1,818,465 shares traded
9:04am VISL up 325% on 2,920,477 shares traded
OBLN up 18% on 2,511,638 in trading volume as of 10:06am after announcing “that it has reduced its outstanding debt under a facility with Pacific Western Bank from $20 million to $5 million. The reduction in debt is expected to lower the Company’s annual interest expense burden from approximately $1.4 million to approximately $350,000”, Read more
“FuelCell Energy, Inc. (the “Company”) entered into a settlement agreement with POSCO Energy Co., Ltd. representing an amicable resolution to the pending arbitration in Korea, up 26% as of 10:11am on 14,534,576 shares traded. Link
S&P 500 jumps above 3,000 for the first time in history after Powell signals rate cut, CNBC reports
11:54am INPX up 38% on 10,867,182 shares traded after announcing the acquisition of indoor mapping leader Jibestream, Link
“McDermott Awarded EPCI Mega-Project by Saudi Aramco for Marjan Package 4”, up 13% as of 12:40pm on 7,437,204 shares traded. Link
2:15pm, Oil up 4.22%
Stay tuned for updates!