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Live Daily Market Updates: Acer Therapeutics Rallies On FDA Breakthrough Therapy designation

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Analyst Team
Updated: 4 Apr 2022

Latest 16:12
Ford March Vehicle Sales

Ford reported March vehicle sales of 159,328, down 25.6% from a year ago.

The company’s truck sales in March were 74,420, down 34.4%, SUV sales were 81,280, down 9.4%, and electric vehicle sales were 13,772, up 16.9%.

“While the global semiconductor chip shortage continues to create challenges, we saw improvement in March sales, as in-transit inventory improved 74 percent over February. F-Series had a record 50,000 new retail orders in March, while a record 41 percent of our overall retail sales came from previously placed retail orders,” the company said.

16:05
Plug Power

Is Plug Power’s rise short-lived?

A panic shift has seen a rotation towards altnerative-energy companies like Plug Power.
Soaring oil and gas prices have aligned with conversations surrounding Russian energy sourcing.
Plug’s bottom-end financials are still lacking, and the Ukraine conflict is priced into shares.

13:50
Premarket Gainers & Losers

Gainers:

Acer Therapeutics is up 22% Monday premarket. The company announced the FDA has granted celiprolol Breakthrough Therapy designation, BTD, in the US for the treatment of patients with vEDS

Twitter shares are up 20% premarket after Tesla CEO Elon Musk disclosed a stake in the company

SPI Energy is trading 28% higher despite reporting a revenue miss.

Losers:

Curis Inc fell 29% on news the FDA has placed a partial clinical hold on the company’s TakeAim Leukemia Phase 1/2a study.

DWAC, the SPAC merging with Trump Media and Technology Group is trading 12% lower premarket, continuing last week’s fall after reports that downloads of its Truth Social app decline 95% from the initial launch.

13:08
Twitter Surges After Musk Discloses Stake

Twitter shares are up 20% premarket after Tesla CEO Elon Musk disclosed a 9.2% stake in the social media platform, representing over 73.4 million shares.

Wedbush analyst Daniel Ives said in a note that the filing was “eye-popping” and it is “just the start.”

12:26
SPI Energy

SPI Energy shares jumped 31% premarket despite reporting a revenue miss.

While revenue rose 16.9%, analysts expected revenue of $3.9 million.

10:55
British Airways Cancels Flights

IAG shares are down almost 2% Monday after British Airways also had to cancel flights with staff off sick with Covid.

Reports state the airline canceled 115 flights to or from Heathrow Airport this morning, although only 5 were at the last minute.

10:13
Cloudbreak Discovery Falls Following H2 Results

Cloudbreak Discovery reported its interim results for the second half of 2021,

The company reported a loss of £2.8 million, compared to a £4.56 million profit in H2 2020.

Cloudbreak said, “the result for the period consisted mainly of a loss on the market value of its stock holdings and administrative expenses.”

The consolidated loss per share for the period was £0.72.

“The demand for battery and base metals remains strong, and coupled with our pipeline of high impact acquisitions, the outlook for Cloudbreak in 2022 is positive,” said Cloudbreak CEO Kyler Hardy.

09:31
AEX Gold Continues Rise

AEX Gold has continued to rise Monday morning after the company released its drilling results at Nalunaq in Greenland.

08:48
Movers: Wizz Air March Passenger Numbers Surge

Genedrive +32%
i3 Energy +9% – Announces record for corporate production and provides a 2021 year-end reserves report for i3 Energy Canada
Delivery Hero +8.44% – Launches 1.4 billion-euro debt financing syndication
Wizz Air +0.45% – March passenger numbers show Wizz Air carried 2,476,105 passengers, representing a 416% increase compared to March 2021, at a load factor of 86.2%.
EasyJet -1.91% – cancels flights due to Covid amongst staff

08:15
European Stocks Open Lower

European indices are mixed in early Monday trading:

FTSE 100 +0.12%
DAX -0.4%
CAC 40 -0.36%
STOXX 50 -0.5%
IBEX 35 -0.42%

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