Big Buyout Gains For AdTech Company
Good morning, Wake-Up Watchlisters! Pull out the tea kettle, a bag of your finest English breakfast tea and take a minute to make a cuppa’ in honor of the queen, then let’s get into the premarket action.
It’s a sea of green across the markets and energy is now at the forefront of everyone’s minds. Russia supplied around 40% of Europe’s natural gas last year, which is used to heat homes and generate electricity. With winter around the corner and Russian supply lines eliminated, European government officials are meeting in Brussels to plan for the looming crisis.
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Now, let’s take a look at the top-moving stocks this morning.
Digital Media Solutions Inc. (NYSE: DMS)
Digital Media Solutions Inc. is up 62.5% premarket. Company leadership announced yesterday that they have received an offer from Prism Data, LLC. The investment vehicle would acquire all the outstanding Class A common stock of DMS for $2.50 per share in cash. With shares closing at $1.28 last afternoon that offer is nearly double the current valuation of the digital advertising company.
DocuSign Inc. (Nasdaq: DOCU)
Docusign Inc. is up 17.69% premarket. The e-signing company posted better-than-expected second quarter results yesterday beating analysts’ estimates on both earnings and revenue. DocuSign reported that revenue is up $20 million or 22% year over year. Leadership has raised its subscription revenue guidance for the year and are already predicting they will exceed analysts’ expectations for the entirety of the fiscal year as well.
Zumiez (Nasdaq: ZUMZ)
Zumiez is down 15.79% premarket. The modern apparel retailer missed on its earnings last night, big time. Reporting quarterly earnings of $0.16 per share, Zumiez missed the analysts’ estimates of $0.47 per share by 66% and sales are down 18%. Things have changed dramatically for the company, just a year ago Zumiez had posted earnings over a dollar a share. Leadership points to supply chain and inflation issues as the root of the retailer’s financial problems this year.
Ideanomics Inc. (Nasdaq: IDEX)
Ideanomics Inc. is down 12.91% premarket. The company which focuses on driving the adoption of electric vehicles into commercial spaces posted disappointing earnings last night when compared to last year’s results. Revenue from the US in the second quarter of 2022 had decreased from $25.0 million in the second quarter of 2021 to $14.4 million, a 40% drop. While global revenues did see some positive movement, gross profit is also down over 80% from $9 million last year to $1.5 million in 2022.
Like we said yesterday, earnings reports are a major driver in the markets, often leading to double-digit share price swings in less than 24 hours like DOCU, ZUMZ, and IDEX. If you want to play these events for big gains, we’ve got the best way to do so, straight from America’s #1 Retirement Expert.
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Those are the top market movers today.
Happy trading!
The Wake-Up Watchlist Research Team
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