Health Supplement Company Pops 27%
Good morning Wake-Up Watchlisters! While you’re sipping coffee you’ll see stocks were on the rise Wednesday as we head into Thanksgiving holiday. It will be a busy day today with jobless claims data and new home sales numbers all set for release. Traders will hope for more positive momentum as the S&P 500 closed above 4,000 on Tuesday for the first time in two months. The Dow also closed at a three-month high.
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Here’s a look at the top-moving stocks this morning.
Autodesk. Inc. (Nasdaq: ADSK)
Autodesk is down 10% premarket after the software design company met revenue expectations for the third quarter, but guided below views. Autodesk shares have lost about 26.6% since the beginning of the year versus the S&P 500’s decline of -17.1%.
With the recent tech selloff, it’s important to know where the sector is headed. Right now our friend Andy Snyder is high on a specific tech stock he believes could be at the forefront of the $13 trillion predicted tech revolution.
Cosmos Holdings, Inc. (Nasdaq: COSM)
Cosmos Holdings is up 27.05% premarket. The health company recently announced it will sell its premium life luxury food supplement on Ronda, the official inflight magazine of the airline company Iberia of British Airways group. Iberia Airlines has a fleet of 147 aircrafts and engages in over 600 daily flights.
Ambow Education Holding (NYSE: AMBO)
Ambow Education is up 26.88% premarket after it reached a definitive agreement to sell its services to Clover Wealth Limited. The company has agreed to sell all of the equity interests in the Ambow Subsidiaries to the Purchaser for $12 million. Upon completion of the sale, Ambow will have sold all of its assets in China.
Digital World Acquisition Corp. (Nasdaq: DWAC)
Digital World Acquisition Corp. is up 5.72% premarket after the merger with Trump’s Truth Social parent gets delayed. After months of debate, DWAC shareholders finally extended the deadline to merge their company with former President Trump’s media company on Tuesday. The company now has some breathing room and the vote gives DWAC Board of Directors the power to delay any merger until Sept. 8, 2023.
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Those are the top market movers today.
The Wake-Up Watchlist Research Team