Dear friends,
Here the news of the top today's Market Movers (Part 2 of 2):
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$GME (GameStop Corp New) 0.82%
GME and AMC reemerged yesterday as favorites for the WSB Reddit forum again, both traded sharply higher on heavy volume as retail investors showed a frothy interest in both all day. Reddit and Twitter pushed a #AMCSqueeze, and mentions of the stock overall dominated the discussion among online investors.
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$BNGO (BioNano Genomics Inc) 12.70%
Another Cathie Wood favorite, reported Q1 revenue of $3.16 mln, sailing past estimates of $2.9 mln in its latest quarter. The company said it saw higher demand for genome analysis services, reagent rental program and also expanded into new geographies in Q1. BNGO posted a net loss that fell 5.35% to ~$9.9 mln in the qtr, driven by a $1.8 mln gain on debt extinguishment. The company also said its current cash and cash equivalents improved to $362 mln as of March 31, 2021 compared with $38.4 mln as of Dec. 31, 2020.
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$ACB (Aurora Cannabis Inc) -8.33%
U.S.-listed shares of the pot producer are down sharply this morning after the company reported Q3 revenue of C$55.2 mln vs. est. of C$68.48 mln – pointing to negative impact of coronavirus-induced restrictions in Canada. ACB also announced plans to move its U.S. stock listing to Nasdaq due to exchange's “cost-effectiveness,” following similar moves by rivals last year.
by Hugo Silva @Kainite
www.etoro.com/people/kainite
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