Reverse Stock Split Surprise!

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Good morning, Wake-Up Watchlisters! It's CPI day! Pour your first cup of coffee and do your best to wrap-up that age old debate with your partner on how long one should spend looking for a matching pair of socks. (No one is going to see them anyway, right?) The Consumer Price Index report for September will be released this morning. Prices are expected to have risen 8.1% through September this year. While this is the third straight month of declines in the annual pace of inflation it's also expected that the Fed will continue with its hawkish outlook and in turn its aggressive interest rate hikes. Premarket movement indicates investors are satisfied with the early projections and the indexes are green across the board. Now, let's take a look at the top-moving stocks this morning. Digital World Acquisition (NASDAQ: DWAS) Digital World Acquisition is up 13.10% premarket. The special-purpose acquisition company behind Truth Social jumped after it was reported that the social media platform received approval from Google for distribution on its Google Play Store. Now this approval will hinge on users and the application itself abiding by the Google Play Stores rule around inciting violence, so we'll see how long Truth Social can stay on the digital marketplace. Meta Materials Inc. (NasdaqCM: MMAT) Meta Materials is up 15.23% premarket. The company based in Canada which manufactures functional material and nanocomposites, has had a great week so far up almost 50% since Monday. Average volume on the stock is 4.58 million, yesterday it traded 38.9 million times, nearly 750% above the usual. This positive momentum comes after the recent announcement of a $4.3 billion purchase of its nano-optic security system. There has also been some significant insider buying, with one insider buying up 2.5 million shares on the lead up to this week's overperformance. Insiders buying up lots of stock in a company is generally a good thing. Our Head Fundamental Tactician Karim Rahemtulla uses his own technology and years of expertise to track where CEO's are putting their money. This strategy has proven to yield gains as high as 2,250%. Click here to enter The Insider Matrix. Larry Kudlow: This "Lethal Combination" Could Destroy Biden's Presidency Americans will NOT be happy if this comes true. Kinnate Biotechnology (Nasdaq: KNTE) Kinnate Biotechnology is down 19.58% premarket. This drop comes after biopharmaceutical company reported delays in a Phase 1 study of its lead program. Company leadership has been quick to blame the slow down on the Covid-19 pandemic reducing the number of patients available for testing the tumor inhibiting treatment. As a result, data from the study have been delayed from late 2022 to the first half of 2023, the stock is now down 87% from its all-time high. T2 Biosystems (Nasdaq: TTOO) T2 Biosystems is down 26.79% premarket. Last night it was announced the biotech company would be going through a reverse stock split today. For every 50 shares held yesterday, shareholders will receive 1 post-split share. The goal of the reverse split is to bring up the minimum bid price per share up to the required $1.00 for 10 consecutive business days. It does seem like a very sudden and dramatic move, shareholders who did not hold the necessary 50 shares for a post-split share will instead by paid out in cash for the value of their shares as of yesterday's close. While the hits to the market just keep on coming, it's vital to find value amongst the rubble. That's why we're making sure our readers know about 'The Last Great Value Stock.' This company has a foothold in several emerging technologies and right now it's trading for under $2. However, there's an upcoming announcement in a few months that could send it soaring. Click here to unlock the 'Last Great Value Stock.' Those are the top market movers today. Happy trading! The Wake-Up Watchlist Research Team This ONE Weekly Trade Is on Fire Former CBOE Trader Dishes the Secret to His 83% Win Rate Now he's GUARANTEEING he beats it! You have to watch this. Monument Traders Alliance   You are receiving this email because you subscribed to Trade of the Day Wake-Up Watchlist. To unsubscribe from Trade of the Day Wake-Up Watchlist, click here. Questions? Check out our FAQs. Trying to reach us? Contact us here. Please do not reply to this email as it goes to an unmonitored inbox. To cancel by mail or for any other subscription issues, write us at: Trade of the Day | 14 West Mount Vernon Place | Baltimore, MD 21201 North America: 1.800.507.1399 | International: +1.443.353.4977 Website | Privacy Policy Keep the emails you value from falling into your spam folder. 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