It’s ‘Game On’ For This Casino Stock

Good morning Wake-Up Watchlisters! While you’re sipping coffee you’ll see stock futures dipped on Monday. Equities are poised for more turbulence as fears of excessive Fed tightening and some wild currency market action rattles investors. The move extends a rough bout of selling as central bank policy makers fear a recession is imminent.

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

Las Vegas Sands (NYSE: LVS)

Las Vegas Sands is up 7.67% premarket after Macau eased covid-era gaming restrictions. Located in China, Macu is the world’s largest gaming hub and a key source of U.S. casino operating revenue. The special administrative region of the People’s Republic of China said group visits will begin again in November.

Lyft, Inc. (Nasdaq: LYFT)

Lyft is down 4.86% premarket. Recently an analyst halted speculation that the ride-hailing company may be the target of a takeover bid. Bank of America analyst Michael McGovern said that ‘recent speculation may be more hype than substance’ concerning any automakers wanting to buy Lyft, and investors responded by pushing its stock down.

Golden Sun Education (Nasdaq: GSUN)

Golden Sun Education is down 22.88% premarket after market caps fell to $496 million last week. Golden Sun CEO Xueyuan Weng has a 22% stake in the company, and saw his holdings value drop by 10%.

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Tellurian Inc. (NYSE: TELL)

Tellurian Inc. is down 13.68% premarket. The stock fell last week after the natural gas producer announced it would be withdrawing its public offering of senior secured notes to support the construction of the Driftwood Project. The company said it intended to offer and sell units consisting of 11.25% senior secured notes and warrants to purchase common shares. However, it cited ‘uncertain conditions in the high-yield market’ as a reason for the withdrawal. As of last Friday, the company is updating its financing process for the project.

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Those are the top market movers today.

Happy trading!

The Wake-Up Watchlist Research Team