MicroSectors FANG Index -3X Inverse Leveraged ETNs due January 8, 2038 Stock (ARCA: FNGD)

MicroSectors FANG Index -3X Inverse Leveraged ETNs due January 8, 2038 Stock (ARCA:FNGD), Trade Ideas

News

Penny Stocks

Markets

Tech

Trading Ideas

General

AAPL

BIDU

FNGD

FNGO

FNGS

FNGU

FNGZ

GNAF

GOOG

GOOGL

NFLX

NVDA

TSLA

TWTR

The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga.

Some of the largest U.S. listed tech stocks which comprise the NYSE® FANG+™ Index are trading around their all-time highs. Is this an opportunity to buy, hold or sell?

FANG+ Index Trading At An All-Time High; Opportunity To Buy, Hold Or Sell?

Long Ideas

Short Ideas

Specialty ETFs

ETFs

AMZN

BABA

The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga.

Some of the largest U.S. tech stocks in the NYSE® FANG+™ Index are trading below their recent highs. Is this an opportunity to buy or sell?

FANG+ Index Trading Below Its Recent High; Opportunity to Buy or Sell?

Press Releases

September 11, 2020 – REX Shares, LLC (REX) is proud to announce that Bank of Montreal (BMO) has increased the aggregate principal amount of the MicroSectors™ FANG+™ Index 3X Leveraged Exchange Traded Notes (“FNGU”) and the MicroSectors™ FANG+™ Index ‐3X Inverse Leveraged Exchange Traded Notes (“FNGD”) to $2

MicroSectors FANG+ Index 3X Leveraged ETN, Upsized to $200 Million Aggregate Amount

MicroSectors FANG Index -3X Inverse Leveraged ETNs due January 8, 2038

HC Wainwright &amp; Co. analyst Heiko Ihle maintains McEwen Mining (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MUX#NYSE">MUX</a>) with a Buy and raises the price target from $13 to $15.

Price Target

Analyst Ratings

HC Wainwright & Co. Maintains Buy on McEwen Mining, Raises Price Target to $15

HC Wainwright &amp; Co. analyst Yi Chen reiterates Veru (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VERU#NASDAQ">VERU</a>) with a Buy and maintains $3 price target.

Reiteration

VERU

HC Wainwright & Co. Reiterates Buy on Veru, Maintains $3 Price Target

Shares of JanOne Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JAN#NASDAQ">JAN</a>) rose sharply in today's pre-market trading after the company announced plans to <a href="https://www.benzinga.com/quote/JAN/news">acquire ALT 5 Sigma Inc</a>.
The deal is projected to close in the week of May 13th.
JanOne shares jumped 18.6% to $4.78 in the pre-market trading session.
Here are some other stocks moving in pre-market trading.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>Tevogen Bio Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TVGN#NASDAQ">TVGN</a>) gained 74.7% to $1.72 in pre-market trading after the company announced up to $50 million in financing to further advance operational objectives.</li>
<li>Nauticus Robotics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KITT#NASDAQ">KITT</a>) gained 31.3% to $0.1928 in pre-market trading. Nauticus Robotics is expected to release its first quarter financial and operating results after the closing bell on May 13.</li>
<li>GameStop Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) shares gained 16.7% to $20.40 in pre-market trading following a 3% decline on Friday.</li>
<li>KOSS Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KOSS#NASDAQ">KOSS</a>) rose 15.4% to $3.69 in today's pre-market trading after declining around 10% on Friday. Koss posted a wider quarterly loss last week.</li>
<li>Cyclacel Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CYCC#NASDAQ">CYCC</a>) gained 15% to $2.61 in pre-market trading. Cyclacel Pharmaceuticals is expected to announce first quarter 2024 financial results on Tuesday, May 14.</li>
<li>Assure Holdings Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IONM#NASDAQ">IONM</a>) shares gained 10.7% to $0.48 in pre-market trading after gaining 3% on Friday.</li>
<li>WaveDancer, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WAVD#NASDAQ">WAVD</a>) shares rose 9.2% to $3.34 in pre-market trading.</li>
<li>Novavax Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVAX#NASDAQ">NVAX</a>) gained 8.2% to $9.61 in pre-market trading. Novavax shares jumpd 99% on Friday after the company and Sanofi announced a co-exclusive licensing agreement to commercialize a COVID-19 vaccine and develop COVID-influenza combination vaccines.</li>
<li>Groupon, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRPN#NASDAQ">GRPN</a>) shares rose 7.1% to $13.88 in pre-market trading. Groupon shares jumped around 24% on Friday after the company reported better-than-expected first-quarter results.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>Barnes &amp; Noble Education, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BNED#NYSE">BNED</a>) shares dipped 33% to $0.1949 in pre-market trading after declining 7% on Friday. Barnes &amp; Noble Education, during April, announced a short-term shareholder rights plan and a new equity investment.</li>
<li>Seritage Growth Properties (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SRG#NYSE">SRG</a>) shares fell 23.6% to $7.12 pre-market trading after the company reported a loss for the first quarter.</li>
<li>Applied DNA Sciences, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APDN#NASDAQ">APDN</a>) dipped 23.6% to $2.68 in pre-market trading after posting weak second-quarter results.</li>
<li>Caravelle International Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CACO#NASDAQ">CACO</a>) shares fell 20.8% to $0.57 in pre-market trading after declining around 4% on Friday.</li>
<li>Portage Biotech Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRTG#NASDAQ">PRTG</a>) shares declined 20.7% to $0.20 in pre-market trading after falling 10% on Friday. The company, last month, announced that it is expanding its evaluation of strategic alternatives and implementing additional measures to extend its available cash runway.</li>
<li>Aethlon Medical, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEMD#NASDAQ">AEMD</a>) shares fell 18.6% to $0.96 in pre-market trading. Aethlon Medical, on Friday, announced results from an in vitro binding study of its Hemopurifier in removing extracellular vesicles from plasma.</li>
<li>Antelope Enterprise Holdings Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEHL#NASDAQ">AEHL</a>) shares dipped 16.2% to $1.60 in pre-market trading. Antelope Enterprise, last week, announced second half and full year 2023 financial results.</li>
<li>Visionary Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GV#NASDAQ">GV</a>) shares declined 12.7% to $0.3110 in pre-market trading after gaining around 10% on Friday.</li>
<li>Power REIT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PW#NYSE">PW</a>) shares fell 12.3% to $0.6011 in pre-market trading after jumping around 58% on Friday.</li>
<li>Vitesse Energy, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VTS#NYSE">VTS</a>) shares fell 10.2% to $21.64 in pre-market trading. Vitesse Energy, last week, posted downbeat quarterly earnings.</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/news/earnings/24/05/38781676/fear-greed-index-in-neutral-zone-dow-records-gains-for-8th-session">Fear &amp; Greed Index In &#8216;Neutral&#8217; Zone; Dow Records Gains For 8th Session</a>

Pre-Market Outlook

Movers

AEHL

AEMD

APDN

BNED

CACO

CYCC

GRPN

IONM

KITT

KOSS

NVAX

PRTG

TVGN

WAVD

Why JanOne Shares Are Trading Higher By 19%; Here Are 20 Stocks Moving Premarket

HC Wainwright &amp; Co. analyst Patrick Trucchio reiterates Compass Pathways (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMPS#NASDAQ">CMPS</a>) with a Buy and maintains $120 price target.

CMPS

HC Wainwright & Co. Reiterates Buy on Compass Pathways, Maintains $120 Price Target

Russia has issued a warning to the West, indicating its readiness for a potential military confrontation in Ukraine.
What Happened: Acting Russian Foreign Minister Sergei Lavrov stated that Russia is prepared for a battlefield conflict in Ukraine if the West desires, as <a href="https://www.theguardian.com/world/live/2024/may/13/russia-ukraine-war-live-latest-updates-sergei-shoigu-vladimir-putin-kharkiv">reported</a> by The Guardian on Monday. This statement comes amid reports of Russian forces attacking the border of Ukraine&#8217;s Kharkiv region.
If the West wants to fight for Ukraine on the battlefield, Russia is prepared for it, Lavrov was quoted as saying by the state-run RIA news agency.
&#8220;It&#8217;s their right &#8211; if they want it to be on the battlefield, it will be on the battlefield.&#8221;
See Also: <a href="https://www.benzinga.com/news/24/05/38753402/biden-vs-trump-key-swing-state-voters-give-big-lead-to-one-candidate-despite-ranking-him-down-on-cri?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Biden Vs. Trump: Key Swing State Voters Give Big Lead To One Candidate, Despite Ranking Him Down On Critical Election Issues</a>
The governor of the Kharkiv region, Oleh Syniehubov, revealed that Russian forces are attempting to expand the front line by launching attacks in small groups in new directions. While Ukrainian forces have managed to hold back the Russian troops, there is a genuine concern that the conflict could spread to new settlements.
Why It Matters: This recent development adds to the escalating tensions between Russia and the West. Earlier, Russian President Vladimir Putin had <a href="https://www.benzinga.com/news/24/05/38724724/russian-president-warns-of-global-conflict-during-world-war-2-victory-day-celebrations-but-says-will">warned of a potential global conflict</a> during the World War 2 Victory Day celebrations. 
He accused Western powers of instigating conflicts worldwide and emphasized Russia&#8217;s determination to prevent a global clash.
These warnings come in the wake of Russia&#8217;s <a href="https://www.benzinga.com/news/24/05/38607615/russian-troops-enter-us-military-base-in-niger-amid-rising-tensions">military advances in Ukraine</a> and other provocative actions, such as the <a href="https://www.benzinga.com/news/24/05/38660078/russian-court-orders-arrest-of-us-soldier-on-theft-charges-report">arrest of a U.S. soldier</a> on theft charges. 
The situation is further complicated by Russia&#8217;s <a href="https://www.benzinga.com/news/24/05/38752143/xi-jinping-ends-up-skipping-visit-to-china-embassy-in-serbia-despite-pledge-to-never-forget-its-nato">strained relations with the West</a>, as evidenced by Chinese President Xi Jinping&#8216;s recent visit to Serbia, where he <a href="https://www.benzinga.com/news/24/05/38752143/xi-jinping-ends-up-skipping-visit-to-china-embassy-in-serbia-despite-pledge-to-never-forget-its-nato">avoided the site of the former Chinese embassy</a> bombed by NATO forces.
Read Next: <a href="https://www.benzinga.com/news/24/05/38779447/biden-vs-trump-matchup-in-this-traditionally-red-state-shows-republican-partys-lead-could-shrink-due">Biden Vs. Trump Matchup In This Traditionally Red State Shows Republican Party&#8217;s Lead Could Shrink Due To This Factor</a>
Image Via Shutterstock 
<hr class="wp-block-separator has-alpha-channel-opacity" />
Engineered by Benzinga Neuro, Edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>
<hr class="wp-block-separator has-alpha-channel-opacity" />
The GPT-4-based Benzinga Neuro content generation system exploits the extensive Benzinga Ecosystem, including native data, APIs, and more to create comprehensive and timely stories for you. <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Learn more.</a>
<hr class="wp-block-separator has-alpha-channel-opacity" />

Politics

Global

Russia Prepared For Confrontation With West Over Ukraine, Says Lavrov: 'If They Want It To Be On The Battlefield, It Will Be On The Battlefield'

Needham analyst Mike Cikos reiterates DigitalOcean Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOCN#NYSE">DOCN</a>) with a Hold.

DOCN

Needham Reiterates Hold on DigitalOcean Holdings

HC Wainwright &amp; Co. analyst Swayampakula Ramakanth maintains IN8bio (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INAB#NASDAQ">INAB</a>) with a Buy and lowers the price target from $14 to $12.5.

INAB

HC Wainwright & Co. Maintains Buy on IN8bio, Lowers Price Target to $12.5

This story was first published on the <a href="https://in.benzinga.com/content/38782803/apples-iphone-exports-from-india-nearly-double-sights-set-at-1-lakh-cr-for-fy25">Benzinga India portal.</a>
Apple Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aapl#NASDAQ">AAPL</a>) has reported a remarkable surge in its <a href="https://www.benzinga.com/money/best-place-to-sell-iphone/">iPhone</a> exports from India, with the figures for April nearly doubling to $1.1 billion, up from $580 million in the previous year.
As reported by The Economic Times, this robust start has stimulated predictions that Apple&#39;s exports could surpass the $13&nbsp;billion mark, potentially promoting India to be the second-largest <a href="https://www.benzinga.com/money/best-place-to-sell-iphone/">iPhone</a> manufacturing hub following China. Currently, around 14-15% of Apple&rsquo;s total iPhone production takes place in India, with estimates projecting a rise to 26% by 2026.
In FY2024, Apple&#39;s total production in India reached $14 billion, with exports making up over $10 billion. This represents the highest annual export value by any company in India.
See Also:<a href="https://in.benzinga.com/content/38781666/airtel-google-cloud-join-forces-to-accelerate-cloud-adoption-and-ai-in-india">&nbsp;Airtel, Google Cloud Join Forces To Accelerate Cloud Adoption And AI In India</a>
Apple operates through its contract manufacturers Foxconn, Wistron, and Pegatron, all of which benefit from India&#39;s production-linked incentive (PLI) scheme. Foxconn is leading the way in exports, managing more than 70% of the shipments. Wistron, now owned by Tata Group, and Pegatron, currently in discussions for a majority stake sale to Tata, also contribute significantly.
April&#39;s surge indicates that Apple might surpass the fourth-year targets of the PLI scheme. While Apple and a few other companies, such as Samsung and Dixon Technologies, consistently meet PLI targets, many beneficiaries grapple with achieving their set goals. Meanwhile, Apple&rsquo;s market presence in India is steadily increasing, with a 38% YoY growth and aspirations to elevate its local market share into double digits from around 7% in FY24.
If you&rsquo;d like to stay ahead&nbsp;of the curve on the Indian market, sign up for our Ring The Bell newsletter by&nbsp;<a href="https://share.hsforms.com/1K1H7Kd0aRhmSdDIuxTAkxg1npzh" rel="noopener noreferrer" target="_blank">clicking here</a>.
&nbsp;

Media

India Races To Become Apple's Biggest iPhone Manufacturing Hub After China As April Exports Surge Over $1B

Needham analyst Serge Belanger reiterates Clearside Biomedical (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLSD#NASDAQ">CLSD</a>) with a Buy and maintains $4 price target.

CLSD

Needham Reiterates Buy on Clearside Biomedical, Maintains $4 Price Target

Needham analyst Serge Belanger reiterates Cormedix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRMD#NASDAQ">CRMD</a>) with a Buy and maintains $10 price target.

CRMD

Needham Reiterates Buy on Cormedix, Maintains $10 Price Target

Needham analyst Ryan MacDonald maintains Docebo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DCBO#NASDAQ">DCBO</a>) with a Buy and lowers the price target from $63 to $45.

DCBO

Needham Maintains Buy on Docebo, Lowers Price Target to $45

Piper Sandler analyst Arvind Ramnani initiates coverage on Visa (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>) with a Overweight rating and announces Price Target of $322.

Initiation

Piper Sandler Initiates Coverage On Visa with Overweight Rating, Announces Price Target of $322

Piper Sandler analyst Arvind Ramnani initiates coverage on Mastercard (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MA#NYSE">MA</a>) with a Overweight rating and announces Price Target of $531.

Piper Sandler Initiates Coverage On Mastercard with Overweight Rating, Announces Price Target of $531

Goldman Sachs analyst Eric Sheridan initiates coverage on Ibotta (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBTA#NYSE">IBTA</a>) with a Neutral rating and announces Price Target of $103.

IBTA

Goldman Sachs Initiates Coverage On Ibotta with Neutral Rating, Announces Price Target of $103

Several used Cybertrucks are being listed for sale online at a premium, despite EV giant Tesla Inc&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) <a href="https://www.benzinga.com/news/24/03/37413825/after-porsche-ford-reportedly-buys-a-cybertruck-for-a-huge-premium-tesla-ceo-elon-musk-thinks-its-wo">attempts to curb the resale</a> of its latest offering.
What Happened: While there are over 145 used Cybertrucks listed on the car shopping website CarGurus, Kelly Blue Book shows about 125. The high number of Cybertrucks listed for resale was first <a href="https://www.forbes.com/sites/brookecrothers/2024/05/12/used-tesla-cybertruck-market-grows---but-that-price/?sh=41f33f137209">reported </a>by Forbes. 
A new Cybertruck currently starts at $79,990 for its all-wheel drive version and $99,990 for its higher-end Cyberbeast version. On ordering the vehicles now, customers can get them delivered only in 2025, ensuring demand and higher prices for even used Cybertrucks. 
While many of these used Cybertrucks are priced at over $150,000, a few are priced even over $200,000. Most of these vehicles have traveled only a few miles, with some listed with a mileage lower than even 100 miles.
Tesla started delivering Cybertrucks in late November. According to data from automotive research company Kelley Blue Book, Tesla sold 2,803 Cybertrucks in the first quarter in the United States. 
Earlier this year, it was reported that used Cybertrucks were resold for even $250,000. The resale value of the vehicle has <a href="https://www.benzinga.com/news/24/03/37888605/cyberflop-teslas-electric-truck-resale-market-reportedly-crashes-after-early-hype-for-anyone-paying">dropped since</a>, possibly due to production scaling up. Tesla plans to deliver 250,000 Cybertrucks per year, starting in 2025.
Tesla&#8217;s Attempts At Preventing Resale: A clause within Tesla's motor vehicle agreement prohibits buyers from <a href="https://www.benzinga.com/analyst-ratings/analyst-color/23/12/36039263/did-tesla-overpromise-and-underdeliver-with-the-cybertruck" target="_blank" rel="noreferrer noopener">reselling the Cybertruck </a>within a year of taking delivery. If a buyer still wants to sell, they must inform the company in writing and Tesla will buy it back from the driver. 
Even if Tesla does not agree to buy back the vehicle, the driver will still need written consent from Tesla to resell to a third party, as per the clause. In case of breach of the said clause, the buyers could be charged a penalty of $50,000 or more.
"FAFO – we build vehicles for people who love and enjoy them. Not to flip for profit without adding any value. This shouldn't need to be said or enforced," Cybertruck lead engineer&nbsp;Wes Morrill&nbsp;<a href="https://www.benzinga.com/news/24/03/37612528/sold-your-cybertruck-tesla-might-cancel-your-future-orders-resale-clause-bites-back-as-one-owner-lea">wrote on X </a>about the clause. 
Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="http://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
Read More: <a href="https://www.benzinga.com/news/24/05/38782522/spacex-starship-likely-to-fly-for-4th-time-next-month-as-elon-musk-reaffirms-new-goals">SpaceX Starship Likely To Fly For 4th Time Next Month As Elon Musk Reaffirms New Goals</a>
Image by ixhsan on Shutterstock

Tesla Cybertrucks Are Filling Up In Used Car Markets — But Would You Pay These Steep Prices?

Annual Dividend Policy and Declaration of 2023 Dividend
On&nbsp;May 11, 2024, the Company&#39;s board of directors adopted an annual cash dividend policy, under which the Company may choose to declare and distribute a cash dividend each year in accordance with the memorandum and articles of association of the Company and applicable laws and regulations. Under the policy, the Company&#39;s board of directors determines whether to make dividend distributions and the amount of such distributions in any particular year, depending on the Company&#39;s operations and earnings, cash flow, financial condition, and other relevant factors.
Accordingly, on the same day, for the fiscal year of 2023, the Company&#39;s board of directors declared a cash dividend of&nbsp;US$0.0685&nbsp;per ordinary share, or&nbsp;US$0.1370&nbsp;per ADS, to holders of record of ordinary shares and ADSs as of the close of business on&nbsp;May 31, 2024. The aggregate amount of cash dividends to be paid will be approximately&nbsp;US$210 million&nbsp;and is expected to be paid on or around&nbsp;June 21, 2024&nbsp;and on or around&nbsp;June 27, 2024&nbsp;for holders of ordinary shares and holders of ADSs, respectively. Holders of the Company&#39;s ADSs will receive the cash dividends through the depositary, The Bank of New York Mellon, subject to the terms of the deposit agreement.

Dividends

On May 11, Tencent Music Entertainment Adopted Annual Cash Dividend Policy, the Board Declared a Cash Dividend of $0.1370/ADS

Exane BNP Paribas analyst Karl Ackerman upgrades Cisco Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>) from Underperform to Neutral and announces $50 price target.

Upgrades

CSCO

Exane BNP Paribas Upgrades Cisco Systems to Neutral, Announces $50 Price Target

&nbsp;Today,&nbsp;<a href="https://www.amd.com/en.html" target="_blank">AMD</a>&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) showcased its ongoing high performance computing (HPC) leadership at ISC High Performance 2024. For the third year in a row, the Frontier supercomputer housed at Oak Ridge National Lab &ndash; powered by AMD EPYC&trade; CPUs and AMD Instinct&trade; GPUs &ndash; remains the fastest supercomputer in the world with a High-Performance Linpack (HPL) score of 1.2 exaflops based on the latest&nbsp;<a href="https://top500.org/" target="_blank">Top500 list</a>.
The Top500 list also includes three new systems from Lawrence Livermore National Laboratories (LLNL), the El Capitan Early Delivery System (EDS), RZAdams, and Tuolumne, coming in at number 46, 47 and 48 respectively on the Top500 list with a single cabinet early submission scores of 19.65 petaflops. These three systems are the first supercomputers on the Top500 list powered by the&nbsp;<a href="https://www.amd.com/en/products/accelerators/instinct/mi300.html" target="_blank">AMD Instinct&trade; MI300A APU</a>, launched in December 2023.
AMD now powers 156 supercomputers on the latest Top500 list, a&nbsp;29 percent&nbsp;increase from the previous year, and 157 systems on the Green500 list of the most efficient supercomputers in the world.

AMD's New Instinct MI300A APU Powers Three Supercomputers in the Latest Top500 Rankings

&nbsp;<a href="https://www.globenewswire.com/Tracker?data=Mm8ABJD0P5m1_1mDRPq6fVoEsADW0boETi5-crJGAMr84hb3GseO0jiR4GilX_59yOzhbgs6S2RTJ9jGGpGUUQ==" target="_blank">Recursion</a>&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RXRX#NASDAQ">RXRX</a>), a leading clinical stage TechBio company decoding biology to industrialize drug discovery, today announced the completion of BioHive-2, Recursion&#39;s new&nbsp;<a href="https://www.globenewswire.com/Tracker?data=Jlks15qftbsdDnx75znm162QTn2C7svBPSNixFvPWrWfLswz6JQP_r7GhCaDZIaYQ-V8zzngBI7w3QeFzKTTdtGcgLA8kyZ2zaYSDKdraT52Rx96NqshlGiMhD-lLitY-iI64cymmmk6MngsuF9qaQ==" target="_blank">NVIDIA DGX SuperPOD</a>&nbsp;AI supercomputer, powered by 63&nbsp;<a href="https://www.globenewswire.com/Tracker?data=2MxbZCfmD1Uj_yZ-HvsQTFhdx1qkrcmOXn7wn6V_wUJQS0253kZ_QNdA4KOTmeClQ_mvqyDjvpvZboeD8Mz1Amu_AIUY2MyK8CBCIMyfPBdITMyLIm5MNQAqWsdG1nvP" target="_blank">DGX H100 systems</a>&nbsp;with a total of 504&nbsp;<a href="https://www.globenewswire.com/Tracker?data=Jlks15qftbsdDnx75znm11tcWX5JsEkM7HYQr5t0L4RMma3a66LETGKOv4JhU1NsiwfLlfArGKcD8LHPLMKuslvnuXGhbW4SVHSeMytavmtqvZKRKdyfwyS5cTaTK2Kqf9ognsxZZuZa1CRoU0aKTg==" target="_blank">NVIDIA H100 Tensor Core GPUs</a>&nbsp;interconnected by NVIDIA&nbsp;<a href="https://www.globenewswire.com/Tracker?data=bEBXF3quX823aX26_T7UV6yCMzmFimmVV_7WDfzD-qspt569rV_G94Oj9BYEit_w9oJVMkLOUVP0IjAaIP1IWfSakOrDep9HCrqBo9Dt0GvCF1re9cyupzhDazsWUj1z1awcAKI_SeNZo7fmUo4jUQ==" target="_blank">Quantum-2 InfiniBand networking</a>. This NVIDIA-powered AI supercomputer results in four times faster speeds than Recursion&#39;s original supercomputer, BioHive-1, in benchmark performance tests. Based on available data, BioHive-2 is the fastest supercomputer wholly owned and operated by any pharmaceutical company worldwide.

RXRX

Recursion Announces Completion of NVIDIA-Powered BioHive-2 AI Pharma Supercomputer

Baird analyst Justin Hauke initiates coverage on Centuri Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CTRI#NYSE">CTRI</a>) with a Outperform rating and announces Price Target of $30.

CTRI

Baird Initiates Coverage On Centuri Holdings with Outperform Rating, Announces Price Target of $30

May MDA Breakout Stocks/ETFs Week 20 - 2023: High-Frequency Gainers To Give You An Edge

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
It&rsquo;s time to start off the day with a breakdown of the biggest pre-market stock movers for Thursday!
Moving stocks are stock sales, earnings reports, a delisting notice, and more.
Let&rsquo;s get into that news below!

<h2>Pre-Market Stock Movers: 10 Top Gainers</h2>
<ol>
<li>Bruush Oral Care (NASDAQ:<a href="https://investorplace.com/stock-quotes/brsh-stock-quote/">BRSH</a>) stock is rocketing more than 40% after announcing the <a href="https://app.quotemedia.com/data/downloadFiling?webmasterId=90423&amp;ref=317706423&amp;type=PDF&amp;symbol=BRSH&amp;cdn=bdebb67b8b37e7a6be394a64ce711984&amp;companyName=Bruush+Oral+Care+Inc.&amp;formType=6-K&amp;formDescription=Report+of+foreign+private+issuer+pursuant+to+Rule+13a-16+or+15d-16+under+the+Securities+Exchange+Act+of+1934&amp;dateFiled=2023-08-23">exercise of warrants and issuing of new ones</a>.</li>
<li>Esports Entertainment (NASDAQ:<a href="https://investorplace.com/stock-quotes/gmblz-stock-quote/"><a href="https://investorplace.com/stock-quotes/gmbl-stock-quote/">GMBL</a></a>) shares are soaring over 21% alongside heavy pre-market trading.</li>
<li>FOXO Technologies (NYSEMKT:<a href="https://investorplace.com/stock-quotes/foxo-stock-quote/">FOXO</a>) stock is surging more than 19% after entering into <a href="https://app.quotemedia.com/data/downloadFiling?webmasterId=90423&amp;ref=317707920&amp;type=PDF&amp;symbol=FOXO&amp;cdn=4b1b07ac04e85c7d1786deefd6045218&amp;companyName=FOXO+Technologies+Inc.+Class+A&amp;formType=8-K&amp;formDescription=Current+report+pursuant+to+Section+13+or+15%28d%29&amp;dateFiled=2023-08-23">three stock purchase agreements</a>.</li>
<li>Hitek Global (NASDAQ:<a href="https://investorplace.com/stock-quotes/hkit-stock-quote/">HKIT</a>) shares are rising over 17% on Thursday morning.</li>
<li>Ebet (NASDAQ:<a href="https://investorplace.com/stock-quotes/ebet-stock-quote/">EBET</a>) stock is gaining more than 13% with strong early morning trading.</li>
<li>Eos Energy Enterprises (NASDAQ:<a href="https://investorplace.com/stock-quotes/eose-stock-quote/">EOSE</a>) shares are heading over 10% higher after <a href="https://app.quotemedia.com/data/downloadFiling?webmasterId=90423&amp;ref=317708396&amp;type=PDF&amp;symbol=EOSE&amp;cdn=76e4ecd50302162b5cbcec38fba0ce17&amp;companyName=Eos+Energy+Enterprises+Inc.&amp;formType=8-K&amp;formDescription=Current+report+pursuant+to+Section+13+or+15%28d%29&amp;dateFiled=2023-08-23">providing an update on a share sale</a>.</li>
<li>Super Micro Computer (NASDAQ:<a href="https://investorplace.com/stock-quotes/smci-stock-quote/">SMCI</a>) stock is climbing more than 8% after announcing a <a href="https://www.nasdaq.com/press-release/supermicro-launches-industry-leading-vsan-hci-solution-delivering-up-to-4.7x">new VMware vSAN solution</a>.</li>
<li>China SXT Pharmaceuticals (NASDAQ:<a href="https://investorplace.com/stock-quotes/sxtc-stock-quote/">SXTC</a>) shares are getting an over 8% boost as <a href="https://investorplace.com/2023/08/why-is-china-sxt-pharmaceuticals-sxtc-stock-up-110-today/">recent volatility continues</a>.</li>
<li>Zapp Electric Vehicles (NASDAQ:<a href="https://investorplace.com/stock-quotes/zapp-stock-quote/">ZAPP</a>) stock is jumping more than 8% after <a href="https://www.nasdaq.com/press-release/zapp-ev-announces-insider-buying-2023-08-23">announcing insider buying yesterday</a>.</li>
<li>Nvidia (NASDAQ:<a href="https://investorplace.com/stock-quotes/nvda-stock-quote/">NVDA</a>) shares are up over 8% with the release of its <a href="https://nvidianews.nvidia.com/news/nvidia-announces-financial-results-for-second-quarter-fiscal-2024">Q2 earnings report for fiscal 2024</a>.</li>
</ol>
<h2>10 Top Losers</h2>
<ol>
<li>Orbital Infrastructure (NASDAQ:<a href="https://investorplace.com/stock-quotes/oig-stock-quote/">OIG</a>) stock is diving more than 26% after getting a <a href="https://finance.yahoo.com/news/orbital-infrastructure-group-inc-announces-113000936.html">Nasdaq delisting notice</a>.</li>
<li>Petco Health and Wellness (NASDAQ:<a href="https://investorplace.com/stock-quotes/woof-stock-quote/">WOOF</a>) shares are tumbling over 12% with the release of a <a href="https://www.nasdaq.com/press-release/petco-health-wellness-company-inc.-reports-second-quarter-earnings-2023-08-24">lackluster Q2 earnings report</a>.</li>
<li>AXS 1.25X NVDA Bear Daily ETF (NASDAQ:<a href="https://investorplace.com/stock-quotes/nvds-stock-quote/">NVDS</a>) stock is taking a more than 10% beating after NVDA released its latest earnings report.</li>
<li>AgileThought (NASDAQ:<a href="https://investorplace.com/stock-quotes/agil-stock-quote/">AGIL</a>) shares are sliding over 9% after <a href="https://app.quotemedia.com/data/downloadFiling?webmasterId=90423&amp;ref=317708470&amp;type=PDF&amp;symbol=AGIL&amp;cdn=ac4590efcbad97a183fb5be8e7818db6&amp;companyName=AgileThought+Inc.&amp;formType=8-K&amp;formDescription=Current+report+pursuant+to+Section+13+or+15%28d%29&amp;dateFiled=2023-08-23">defaulting on a finance agreement</a>.</li>
<li>VCI Global (NASDAQ:<a href="https://investorplace.com/stock-quotes/vcig-stock-quote/">VCIG</a>) stock is dropping more than 9% after rallying yesterday <a href="https://www.nasdaq.com/press-release/vci-global-limited-announces-visionary-collaboration-with-microsoft-azure-openai-2023">on collaboration news</a>.</li>
<li>LQR House (NASDAQ:<a href="https://investorplace.com/stock-quotes/lqr-stock-quote/">LQR</a>) shares are decreasing over 7% on Thursday morning.</li>
<li>MicroSectors FANG Index -3X Inverse Leveraged ETNs due January 8, 2038 (NYSEARCA:<a href="https://investorplace.com/stock-quotes/fngd-stock-quote/">FNGD</a>) stock is falling more than 7%</li>
<li>Sidus Space (NASDAQ:<a href="https://investorplace.com/stock-quotes/sidu-stock-quote/">SIDU</a>) shares are slipping over 7% <a href="https://www.businesswire.com/news/home/20230822288694/en/Sidus-Space-Acquires-Edge-Artificial-Intelligence-AI-Company-Exo-Space">alongside acquisition news</a>.</li>
<li>Direxion Daily Semiconductor Bear 3x Shares (NYSEARCA:<a href="https://investorplace.com/stock-quotes/soxs-stock-quote/">SOXS</a>) stock is dipping more than 7%.</li>
<li>AMC Entertainment (NYSE:<a href="https://investorplace.com/stock-quotes/amc-stock-quote/">AMC</a>) shares close out our pre-market stock movers down over 7% ahead of <a href="https://investorplace.com/2023/08/why-is-amc-entertainment-amc-stock-down-20-today/">a stock conversion tomorrow</a>.</li>
</ol>
On the date of publication, William White&nbsp;did not have (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
<h3>More From InvestorPlace</h3>
<ul>
<li>
						<a href="https://investorplace.com/2023/07/venture-capitalist-predicts-this-chatgpt-announcement-will-shock-the-world/?cid=MKT744191&amp;eid=MKT758392">ChatGPT IPO Could Shock the World, Make This Move Before the Announcement</a>
					</li>
<li>
						<a href="https://investorplace.com/2023/07/elon-musks-project-omega-stuns-silicon-valley-insiders/?cid=MKT738510&amp;eid=MKT758390">Musk&rsquo;s &ldquo;Project Omega&rdquo; May Be Set to Mint New Millionaires. Here&rsquo;s How to Get In.</a>
					</li>
<li>
						<a href="https://investorplace.com/2023/05/secret-income-blueprint-of-the-one-percent/?cid=MKT730394&amp;eid=MKT758396">The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors</a>
					</li>
</ul>
<div>
<div>
<div></div>
<div></div>
</div>
</div>
The post <a href="https://investorplace.com/2023/08/todays-biggest-pre-market-stock-movers-10-top-gainers-and-losers-on-thursday-aug-24th/">Today's Biggest Pre-Market Stock Movers: 10 Top Gainers and Losers on Thursday</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

Today's Biggest Pre-Market Stock Movers: 10 Top Gainers and Losers on Thursday

Seraphic Cash-Cows On Plateau Prairie

Capital Gain/Loss On Holdings And Trading Gain/Loss With Cash Cows

UVXY, FNGU and BOIL among ETF yearly movers

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
It&rsquo;s time to dive into the biggest pre-market stock movers that traders need to know about on Monday morning!



Moving stocks this morning are cannabis legalization, drug approval, a delisting update and more.



Let&rsquo;s get into that news below!



<h2>Biggest Pre-Market Stock Movers: 10 Top Gainers</h2>



<ol><li>Next e GO (NASDAQ:<a href="https://investorplace.com/stock-quotes/egox-stock-quote/">EGOX</a>) stock is rocketing more than 127% alongside heavy pre-market trading this morning.</li>



<li>MicroAlgo (NASDAQ:<a href="https://investorplace.com/stock-quotes/mlgo-stock-quote/">MLGO</a>) shares are soaring close to 54% with strong early morning trading today.</li>



<li>Salarius Pharmaceuticals (NASDAQ:<a href="https://investorplace.com/stock-quotes/slrx-stock-quote/">SLRX</a>) stock is surging over 28% following the release of its <a href="https://www.nasdaq.com/press-release/salarius-pharmaceuticals-reports-fourth-quarter-and-full-year-2023-financial-results">latest earnings report</a>.</li>



<li>Canopy Growth (NASDAQ:<a href="https://investorplace.com/stock-quotes/cgc-stock-quote/">CGC</a>) shares are gaining 16% following <a href="https://www.nasdaq.com/press-release/canopy-growth-celebrates-passage-of-cannabis-legalization-in-germany-2024-03-22">cannabis legalization in Germany</a>.</li>



<li>Cazoo (NYSE:<a href="https://investorplace.com/stock-quotes/czoo-stock-quote/">CZOO</a>) stock is increasing more than 15% without any clear news this morning.</li>



<li>Flora Growth (NASDAQ:<a href="https://investorplace.com/stock-quotes/flgc-stock-quote/">FLGC</a>) shares are rising over 15% alongside cannabis legalization in Germany.</li>



<li>Esperion Therapeutics (NASDAQ:<a href="https://investorplace.com/stock-quotes/espr-stock-quote/">ESPR</a>) stock is climbing more than 14% <a href="https://www.msn.com/en-us/money/markets/esperion-therapeutics-masimo-and-other-big-stocks-moving-higher-in-monday-s-pre-market-session/ar-BB1kuixT">following approval from the</a> Food and Drug Administration (FDA).</li>



<li>Forge Global (NYSE:<a href="https://investorplace.com/stock-quotes/frge-stock-quote/">FRGE</a>) shares are heading more than 14% higher ahead of its <a href="https://www.defenseworld.net/2024/03/24/forge-global-frge-to-release-earnings-on-tuesday.html">upcoming earnings report tomorrow</a>.</li>



<li>Nkarta (NASDAQ:<a href="https://investorplace.com/stock-quotes/nktx-stock-quote/">NKTX</a>) stock is jumping over 13% after <a href="https://www.nasdaq.com/press-release/nkarta-announces-pricing-of-%24240-million-underwritten-offering-2024-03-25">pricing an underwritten offering</a>.</li>



<li>Masimo (NASDAQ:<a href="https://investorplace.com/stock-quotes/masi-stock-quote/">MASI</a>) shares are up nearly 12% alongside <a href="https://www.nasdaq.com/press-release/politan-nominates-two-independent-candidates-for-masimo-board-2024-03-25">Board seat nominations</a>.</li>
</ol><h2>Top 10 Losers</h2><ol></ol><ol><li>MicroSectors FANG Index -3X Inverse Leveraged ETNs due January 8, 2038 (NYSEARCA:<a href="https://investorplace.com/stock-quotes/fngd-stock-quote/">FNGD</a>) stock appears to be crashing almost 90% but it&rsquo;s actually <a href="https://finance.yahoo.com/news/bmo-announces-reverse-split-three-211500378.html">undergoing a reverse stock split today</a>.</li>



<li>Trxade Health (NASDAQ:<a href="https://investorplace.com/stock-quotes/meds-stock-quote/">MEDS</a>) shares are plummeting more than 35% on Monday morning.</li>



<li>Sintx Technologies (NASDAQ:<a href="https://investorplace.com/stock-quotes/sint-stock-quote/">SINT</a>) stock is diving close to 34% after announcing a <a href="https://www.nasdaq.com/press-release/sintx-technologies-announces-proposed-public-offering-of-common-stock-2024-03-22">proposed public offering</a>.</li>



<li>Joann (NASDAQ:<a href="https://investorplace.com/stock-quotes/joan-stock-quote/">JOAN</a>) shares are decreasing over 16% as it <a href="https://www.streetinsider.com/8K/JOANN+Inc+%28JOAN%29+Stock+to+Be+Delisted+on+March+28th/22969264.html">prepares to be delisted</a>.</li>



<li>Murano Global Investments (NASDAQ:<a href="https://investorplace.com/stock-quotes/mrno-stock-quote/">MRNO</a>) stock is dropping nearly 15% <a href="https://investorplace.com/2024/03/why-is-murano-global-mrno-stock-up-over-130-today/">following a recent rally</a>.</li>



<li>Virios Therapeutics (NASDAQ:<a href="https://investorplace.com/stock-quotes/viri-stock-quote/">VIRI</a>) shares are tumbling more than 12% after a Friday rally.</li>



<li>Movella (NASDAQ:<a href="https://investorplace.com/stock-quotes/mvla-stock-quote/">MVLA</a>) stock is taking an over 12% beating after <a href="https://www.nasdaq.com/press-release/movella-announces-appointment-of-marcum-llp-as-new-independent-registered-public">climbing on Friday</a>.</li>



<li>IMAC (NASDAQ:<a href="https://investorplace.com/stock-quotes/back-stock-quote/">BACK</a>) stock is falling more than 11% after a massive Friday rally.</li>



<li>Aurora Mobile (NASDAQ:<a href="https://investorplace.com/stock-quotes/jg-stock-quote/">JG</a>) shares are sliding more than 11% after announcing plans to <a href="https://www.nasdaq.com/press-release/aurora-mobiles-gptbots.ai-to-team-up-with-moonshot-ai-2024-03-25">team up with Moonshot AI</a>.</li>



<li>Australian Oilseeds (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COOT#NASDAQ">COOT</a>) stock closes out our pre-market stock movers down over 10% following its <a href="https://www.graincentral.com/news/australian-oilseeds-debuts-on-nasdaq/">public debut on Friday</a>.</li>
</ol>On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the&nbsp;InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
<h3>More From InvestorPlace</h3>
		<ul><li>
						<a href="https://investorplace.com/2023/10/no-1-ai-investment-might-be-this-company-youve-never-heard-of/?cid=MKT764787&amp;eid=MKT771245">The #1 AI Investment Might Be This Company You&rsquo;ve Never Heard Of</a>
					</li>
																<li>
						<a href="https://investorplace.com/2023/07/elon-musks-project-omega-stuns-silicon-valley-insiders/?cid=MKT738510&amp;eid=MKT771236">Musk&rsquo;s &ldquo;Project Omega&rdquo; May Be Set to Mint New Millionaires. Here&rsquo;s How to Get In.</a>
					</li>
																<li>
						<a href="https://investorplace.com/2021/01/one-percenter-issues-urgent-warning/?cid=MKT499868&amp;eid=MKT793997">It doesn&rsquo;t matter if you have $500 or $5 million. Do this now.</a>
					</li>
									</ul><div>
			<div></div>
						<div></div>
					</div>
	The post <a href="https://investorplace.com/2024/03/todays-biggest-pre-market-stock-movers-10-top-gainers-and-losers-on-monday-march-25th/">Today's Biggest Pre-Market Stock Movers: 10 Top Gainers and Losers on Monday</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.