Pre-Open Stock Movers 06/22: (SAFM) (SPLK) (GME) Higher; (MVIS) (MSTR) (MARA) Lower (more...)

June 22, 2021 9:29 AM EDT

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Today's Pre-Open Movers:

Adial Pharmaceuticals (NASDAQ: ADIL) 22.7% HIGHER; positive mention at SeekingAlpha

Idera Pharma (NASDAQ: IDRA) 18.8% HIGHER; COO Daniel Soland acquired 50,000 shares on June 18 at $1.19.

Beyond Air, Inc. (NASDAQ: XAIR) 11.8% HIGHER; CEO and Chairman, Steven Lisi, bought 25,000 shares on 06/17 at $5.36. In addition, Director, Robert Carey, bought 350,000 shares on 06/17 at $5.36.

MicroVision, Inc. (NASDAQ: MVIS) 11.5% LOWER; announced it entered into a $140 million At-the-Market (ATM) equity offering agreement with Craig-Hallum Capital Group.

AFC Gamma, Inc. (Nasdaq: AFCG) 9.6% LOWER; announced that it has launched an underwritten public offering of 2,750,000 shares of its common stock. AFC Gamma intends to grant the underwriters of the Offering a 30-day option to purchase up to an additional 412,500 shares of common stock.

Sanderson Farms (NASDAQ: SAFM) 9% HIGHER; is exploring a sale, according to Dow Jones, citing people familiar with the matter.

Splunk (NASDAQ: SPLK) 9% HIGHER; announced that Silver Lake, a global leader in technology investing, will make a $1 billion investment in convertible senior notes to support the continued transformation of its business. Splunk expects to use the proceeds from the new investment to fund growth initiatives and manage its capital structure, including a newly authorized share repurchase program of up to $1 billion that will be executed over time.

Microstrategy, Inc. (NASDAQ: MSTR) 8.3% LOWER; Bitcoin falls below $30,000

Marathon Digital Holdings (NASDAQ: MARA) 7.8% LOWER; Bitcoin falls below $30,000

GameStop Corp. (NYSE: GME) 7.6% HIGHER; announced that it has completed its previously announced “at-the-market” equity offering program, raising $1.126 billion.

Riot Blockchain (NASDAQ: RIOT) 6.6% LOWER; Bitcoin falls below $30,000

Anavex Life Sciences Corp. (Nasdaq: AVXL) 5.4% LOWER; announced that it has entered into a definitive purchase agreement with Deep Track Capital for the issuance and sale of an aggregate of 2,380,953 shares of its common stock at a purchase price of $21.00 per share of common stock, a registered direct offering. The registered direct offering is expected to close on or about June 24, 2021, subject to the satisfaction of customary closing conditions.

Focus Financial Partners Inc. (NASDAQ: FOCS) 4.9% LOWER; launched an underwritten secondary offering of 7,419,939 shares of its Class A common stock. This amount consists of 7,144,244 shares being offered by certain selling stockholders of Focus affiliated with Kohlberg Kravis Roberts & Co. L.P. ("KKR") and 275,695 shares being offered by Focus (the "Offering") on behalf of certain of the existing unitholders of Focus Financial Partners, LLC ("Focus LLC"), its operating subsidiary. If this offering is consummated on these terms, KKR will no longer own interests in Focus or Focus LLC.

Satsuma Pharmaceuticals (NASDAQ: STSA) 4.7% HIGHER; Mizuho Securities upgraded from Neutral to Buy with a price target of $15.00 (from $7.00).

Star Bulk Carriers Corp. (Nasdaq: SBLK) 4.5% LOWER; commencement of a secondary public offering of 2,382,775 of the Companys common shares by funds affiliated with Oaktree Capital Management, L.P. (the Selling Shareholders). Unless otherwise indicated or unless the context requires otherwise, all references in this press release to "we," "us," "our," or similar references, mean Star Bulk Carriers Corp. and, where applicable, its consolidated subsidiaries.

Tupperware Brands Corporation (NYSE: TUP) 4.5% HIGHER; announced the prepayment of $58 million of its Term Loan Debt from Angelo Gordon and JP Morgan, and, that its Board of Directors has authorized share repurchases of up to $250 million of the Company's outstanding shares of common stock.

Coinbase Global, Inc. (COIN) 3.5% LOWER; itcoin falls below $30,000

Shoe Carnival, Inc. (Nasdaq: SCVL) 3.2% HIGHER; announced today that its Board of Directors has authorized a two-for-one stock split of the Company's common stock

Nutrien Ltd (NYSE: NTR) 2.5% HIGHER; announced today that it has increased its first-half 2021 earnings guidance given the strength in global fertilizer markets and strong operational results. First-half 2021 adjusted net earnings per share (EPS) is expected to be $2.30 to $2.50, up significantly from our previous guidance of $2.00 to $2.20 (first quarter adjusted net earnings per share was $0.29).

Nikola (NASDAQ: NKLA) 2.5% LOWER; has filed form S-1 registering a proposed offering of 18,012,845 shares.



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