Disney Spikes After Surprising News

Good morning Wake-Up Watchlisters! While you’re sipping coffee you’ll see stock futures slipped as the shortened-holiday week begins. The dip comes after a lackluster week on Wall Street with concerns over higher interest rates still looming. Historically, Thanksgiving week has been bullish, with an average return of 0.5% over the past half century, but 2022 is shaping up to be the opposite so far.

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

Meta Materials, Inc. (Nasdaq: MMAT)

Meta Materials is up 25.30% premarket after the developer of high-performance functional materials officially opened its new global headquarters in Dartmouth, Nova Scotia. The 68,000 square foot facility will house some of the world’s leading scientists in metamaterials. It will also be the only facility in Canada to combine advanced packaging for semiconductors.

The Walt Disney Company (NYSE: DIS)

Walt Disney is up 9.11% premarket after it was announced Bob Iger would return to serve as CEO. Iger replaces Bob Chapek, who has stepped down from his position after less than three years on the job. Iger spent more than four decades at Disney, including 15 years as CEO. Investors clearly have renewed confidence after Disney’s stock was battered earlier this month after the company missed revenue expectations.

WeTrade Group (Nasdaq: WETG)

WeTrade Group is up 17.23% premarket after the company entered a $120 million agreement with Vmade Tech PTE. As part of the agreement, Vmade Tech will implement WeTrade’s technology tools in Singapore. For the service, Vmade will pay WeTrade no less than $120 million from October 1, 2022 to December 31, 2024.

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Helbiz (Nasdaq: HLBZ)

Helbiz is up 8.61% premarket after the micro-mobility company announced it has completed the previously announced merger with Wheels Labs, Inc. The acquisition is expected to help Helbiz expand to 67 markets globally, create a more diversified business model, and enhance the profits of the company. The combined company has potential to double Helbiz’s annual revenue and accelerate profitability.

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Those are the top market movers today.

Happy trading!

The Wake-Up Watchlist Research Team