Wednesday, September 14, 2022

Stock Split Sends Health Company Soaring

Trade of the Day Wake-Up Watchlist

Good morning Wake-Up Watchlisters! While you're feeling the morning jolt of your coffee, walking your kids to the bus stop and feeding your cat, you'll see stock futures calmed down Wednesday. Yesterday's hotter-than-expected inflation report led to the worst day in the markets since June 2020, and investors are reassessing the outlook for interest rates and economic growth.

We understand people might be worried about trading in these rough markets. However, it's important to know that down markets are often where millionaires are made. And right now we're using a very specific timing pattern in The War Room that's allowing us to rack up gains when stocks go down.

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

Aditxt Therapeutics (Nasdaq: ADTX)

Aditxt is up 37.84% premarket after the biotech innovation company announced that it will effect a 1-for-50 reverse split of its common stock. The split went into effect yesterday at 4:01 p.m. The company now has 1,156,674 shares of common stock issued and outstanding.

 

Kaspien Holdings (Nasdaq: KPSN)

Kaspien Holdings is down 12.59% premarket after the company reported financial results for the second quarter. It reported the two highest sales days in company history during the Amazon Prime Day event on July 12th and 13th. However, net revenue decreased 3% to $33.9 million from $34.9 million in the comparable year-ago period. The decrease was primarily attributable to declines in Fulfillment by Amazon.

 

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Conformis, Inc. (Nasdaq: CFMS)

Conformis is up 12.36% premarket after the Conformis ActeraTM hip system received 510(k) clearance from the U.S. Food and Drug Administration. The leading medical technology company for knee and hip replacements now adds a tri-taper femoral system to its expanding portfolio. The design is becoming more common among orthopedic surgeons.

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Block (Nasdaq: SQ)

Block is down 4.21% premarket as investors fear a possible recession will impact digital payments. Block Chief financial officer Amrita Ahuja is slated to speak at a Goldman Sachs financial conference on September 14. Overall, the stock has retreated 54% in 2022.

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Those are the top market movers today.

Happy trading!

The Wake-Up Watchlist Research Team

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