Sam is a professional trader and the lead stock market news writer at AskTraders. After starting his career in the forex market, Sam now focuses on gold and stocks with a preference for fundamental and macroeconomic analysis.
Impinj (NASDAQ: PI), a provider and pioneer of RAIN RFID solutions, has seen its shares shoot higher today after the company announced that it expects preliminary fourth-quarter 2020 revenue to exceed $36 million, above its prior guidance of $26.5–28.5 million.
Impinj will release financial results for its fourth quarter and year ended December 31, 2020, after U.S. markets close on Wednesday, February 10, 2021.
Its shares are currently up 30.06% at $55.82.
Both Nvidia and NIO shares are trading higher following the announcement that the two companies are teaming up to develop a new era of automated electric vehicles.
Bitcoin is down over 15% at $32,184 while Ethereum is down over 20% at just above $1,000.
GameStop (NYSE: GME) shares are up 14.19% premarket at $17.69 after the company said it has entered into an agreement with RC Ventures LLC that will advance the refreshment of the company’s Board of Directors.
RC Ventures, which is one of the GameStop’s largest stockholders, is managed by Ryan Cohen. The agreement provides for the immediate appointment of three new directors – Alan Attal, Ryan Cohen and Jim Grube – who will also stand for election on GameStop’s nine-member slate at the Company’s 2021 Annual Meeting of Stockholders, which is expected to take place in June 2021.
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Twitter shares are down 7.36% premarket at $47.69 following the company’s decision to ban Trump from its platform.
In the last 30 minutes, it has been reported that German Chancellor Angela Merkel finds Twitter’s halt of Trump’s account to be “problematic.”
Shares of Sareum Holdings Plc (LON: SAR) spiked 22.8% higher after the company received the worldwide rights to the FLT3+Aurora kinase inhibitor programme which is meant to help treat immune system overreaction to the coronavirus (COVID-19) and other viral infections.
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European equities start the day lower while US equity futures are also down. Overnight, APAC markets were mixed.
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