Tuesday, September 27, 2022

Pharma Company Pops After Phase 2 Study

Trade of the Day Wake-Up Watchlist

Good morning Wake-Up Watchlisters! While you're sipping coffee you'll see stocks rose on Tuesday as dip buyers emerged. Still, global markets remain on edge as investors embrace a possible recession. Bonds also remained under pressure form the worst selloff in decades.

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Here's a look at the top-moving stocks this morning.

9 Meters Biopharma (Nasdaq: NMTR)

9 Meters Biopharma is up 23.82% premarket after reporting positive results from its Phase 2 study of vurolenatide, a proprietary drug to help adults with short bowel syndrome. Based on the outcome from the meeting, 9 Meters expects to finalize the Phase 3 protocol with the FDA in the fourth quarter.

 

GreenBox POS (Nasdaq: GBOX)

GreenBox is up 14.08% premarket after submitting its new brand – RYVYL – for shareholder approval. The rapidly growing fintech company is expected to soon serve both businesses and consumers with an end-to-end suite of turnkey financial products and fraud detection. It already posted record processing volume of over $1 billion in the second quarter of 2022, 50% ahead of internal projections.

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Faraday Future (Nasdaq: FFIE)

Faraday Future is up 12.67% premarket after the electric vehicle startup said it resolved a dispute with its largest shareholder over company governance. It also secured $100 million in financing to help continue production of its FF 91 vehicle. Lastly, the company may issue 'payment delay measures' and even cut jobs in response to the company's financial condition and market condition.

The Electric Vehicle sector is poised to become a $7 trillion market. Rental car company Hertz ordered 175,000 EVs from General Motors just one week ago. And our friend Andy Snyder wants to show you a company he believes could overtake Tesla one day.

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GoHealth (Nasdaq: GOCO)

GoHealth. is up 5.35% premarket after the company announced it has closed a $50 million private investment. The funding strategically expands GoHealth's shareholder base and enhances its already strong balance sheet. The company plans to invest the money in new technologies and expand its Encompass platform, which is a revolutionary technology-driven approach to purchasing Medicare Advantage plans.

 

Those are the top market movers today.

Happy trading!

The Wake-Up Watchlist Research Team

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