Level Up Your Trading: Pre-Market Intel for Smarter Plays

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Hello Part-time Trader…👋

Premium Stock Alerts is here with your pre-market cheat sheet. In today's issue, we delve into:

  • Fed's Latest Announcements: Understand the Federal Reserve's recent decisions and economic outlook, and how they might influence the markets.

  • Volume Anomalies: Identify stocks witnessing unusual trading volumes, pointing to potential opportunities or risks.

  • Top Pre-Market Movers: Identify early winners poised for a strong market opening.

  • Market Indices & Sector Overview: Get a snapshot of key market indices and sector performances to gauge the day's potential trends.

  • FDA Approvals & Upcoming Decisions: Keep an eye on the latest FDA approvals and crucial upcoming decisions affecting biotech and pharmaceutical stocks.

Now, let's dive into today's edition for a closer look at the insights and analysis that will shape your trading decisions.


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Happening Today

✓ 10:00 AM ET – US Leading Index (MoM) (Apr)

✓ 10:15 AM ET – Fed Waller Speaks

✓ 12:15 PM ET – FOMC Member Daly Speaks

✓ 01:00 PM ET – U.S. Baker Hughes Oil Rig Count

✓ 08:30 PM ET – U.S. Baker Hughes Total Rig Count

PREMARKET SNAPSHOT 📈

Stock Futures dip slightly ahead of market open, with S&P 500 leading the decline at -0.2082%.

S&P500

$5297.1

⬇️ -0.20%

Dow

$39869.38

⬇️ -0.09%

NASDAQ

$18557.965

⬇️ -0.20%

SECTOR SNAPSHOT 

Most sectors are down today, with Industrials leading the decline at -0.77%.

NAME

%CHANGE

Consumer Discretionary

+0.28% 🟢

Consumer Staples

-0.73% 🔴

Energy

-0.39% 🔴

Financials

-0.14% 🔴

Health Care

-0.15% 🔴

Industrials

-0.77% 🔴

Materials

-0.47% 🔴

Real Estate

-0.15% 🔴

Information Technology

-0.28% 🔴

Communication Services

-0.19% 🔴

Utilities

-0.31% 🔴


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Unusual Volume

📈 Greenwave Technology Solutions Inc (GWAV) jumped 147.66% to $0.15 on a whopping 1.93 billion shares traded after it filed 8-K form with the SEC.

📈 Investors went wild, sending Faraday Future Intelligent Electric Inc (FFIE) stock soaring 134.04% to $1.65 on a massive volume of 1.14 billion shares. This little-known penny stock looks like the next short squeeze.

📈 Abnormal activity shook Pineapple Energy Inc (PEGY), pushing it up 70.31% to $0.15 on a whopping 472.42 million shares traded following the filing of PRE 14A form with the SEC.

📈 SINTX Technologies Inc (SINT) stock recently closed 9.72% upper at $0.14 on substantial volume of 381.69 million shares.

📈 Cyngn Inc (CYN) increase by 46.85% in a single trading session, with abnormally high trading volume of 353.49 million shares. The company shared several commercial and technological accomplishments from the first quarter of 2024.


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Premarket Movers

Akanda Corp. (AKAN) experiences a substantial 160.37% surge in pre-market trading. The company announced that it has received a deficiency notification letter from the Nasdaq Listing Qualifications Department on May 14, 2024.

Scorpius Holdings, Inc. (SCPX) sees a significant 29.87% increase, reaching a pre-market price of $0.13 following the closure of public offering.

Nuburu, Inc. (BURU) demonstrates a noteworthy 170.61% surge, with a pre-market price of $0.38 after announcing that it has received a purchase order for its BlueScan solution from Blueacre Technology, a medical device manufacturer based in Dundalk, Ireland.

Pre Market Gainers

Pre Market Change

Pre Market Volume

AKAN

+160.37%

49.15M

KXIN

+81.82%

18.15M

BRSH

+46.50%

13.60M

NBY

+38.25%

11.48M

SCPX

+29.87%

7.72M

AGRI

+31.30%

5.31M

VHAI

+33.00%

4.79M

HOLO

+9.42%

3.07M

BURU

+170.61%

2.31M


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Important FDA 

Recently Announced

On May 14th, Dynavax Technologies Corp (DVAX) received feedback from the FDA regarding their hepatitis B vaccine HEPLISAV-B. The FDA is requesting additional information before expanding the vaccine's use to include adults undergoing hemodialysis treatment.

Day One Biopharmaceuticals (DAWN) is celebrating a major victory with the FDA approval of their drug Tovorafenib, now marketed under the brand name OJEMDA. This medication offers new hope for children battling a specific type of brain tumor: relapsed or progressive pediatric low-grade glioma.

X Pharmaceuticals (XFOR) can join the party as their drug Mavorixafor, commercially known as XOLREMDI, has been approved by the FDA. This medication provides a groundbreaking approach to treating WHIM syndrome, a rare and complex condition affecting individuals twelve years of age and older.

Neurocrine Biosciences Inc (NBIX) has expanded access to their existing medication Ingrezza. The FDA recently approved a new sprinkle formulation, making it easier for adults with tardive dyskinesia and chorea associated with Huntington's disease to take their medication.

Upcoming Announcements

Investors in Bristol-Myers Squibb Co. (BMY) should hold their breath until May 23rd, 2024. The Food and Drug Administration (FDA) is set to announce its decision on Breyanzi, a treatment offered by the company for patients battling relapsed or refractory follicular lymphoma.

Novo Nordisk A/S (NVO) is also waiting on the FDA, but for a different kind of decision. A panel of experts will convene on May 24th to review Awiqli (Insulin Icodec), the company's treatment for adult diabetes.

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Happy investing,

Maeve Grace
Editor In Chief
Premium Trade Alerts

Important: This newsletter does not provide investment advice. The stocks mentioned should not be taken as recommendations. Your investments are solely your decisions.

Disclosure: I hold no positions in any companies mentioned, either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I have no business relationship with any company whose stock is mentioned in this article.

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