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What will this crazy market do today — who knows 🤷! But here are are top movers and shakers this morning! Be the best prepared trader on the Street!
FOCUS LIST🔎
OKYO – Up over 20% after receiving FDA approval of IND for OK-101 in Neuropathic Corneal pain
CLSK – Up over 19% in pre after earnings beat
NET – Up over 25% in pre after earnings beat and raised guidance
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HOTLIST🔥
OKYO – Up over 20% after receiving FDA approval of IND for OK-101 in Neuropathic Corneal pain
OKYO Pharma Limited (OKYO) is a clinical-stage biopharmaceutical company that engages in developing therapeutics for patients suffering from inflammatory eye diseases and ocular pain in the United Kingdom.
This morning OKYO announced that the FDA has cleared OK-101 as its first investigational new drug application for the treatment of neuropathic corneal pain. OKYO pharma is scheduling this trial to begin in Q2 2024.
The stock traded up over 20% in pre-market after the news.
The $1.63 area has acted as support so far in the pre-market.
Above it, targets to the upside are $1.84, $1.96, $2.13 and then the pre-market high at $2.33. Beyond that, $2.75 and $3 come into play.
Below $1.63 there is potential support at $1.55 and a gap to fill at $1.43.
CLSK – Up over 19% in pre after earnings beat
CleanSpark, Inc (CLSK) operates as a bitcoin miner in the Americas. It owns and operates data centers that primarily run on low-carbon power.
In the after-hours yesterday CLSK reported Q1 2024 GAAP EPS of $0.14 vs -$0.46 a year prior with sales of $73.78 million vs $70.41 million a year earlier. The price of Bitcoin also broke above $47k overnight adding to CLSK strength.
The stock traded up over 20% in the pre-market after the earnings release.
$12.50 has acted as resistance in the after-hours and the pre-market and will be an important level to watch.
Above it, the first major target for bulls is the pre-market high at $12.92. Beyond that $13.50, $14, $15 and $16 come into play.
Below $12.50, there is potential support at $12, $11.50, $11.20, $10.50 and $10.
NET – Up over 25% earnings beat and raised guidance
CloudFlare (NET) operates as a cloud services provider that delivers a range of services to businesses worldwide. The company provides an integrated cloud-based security solution to secure a range of combination of platforms, including public cloud, private cloud, on-premise, software-as-a-service applications, and IoT devices; and website and application security products.
In the after-hours yesterday NET reported Q4 EPS of $0.15 vs $0.12 with revenue of $362.47 million vs $353.1 million. The company also guided FY24 revenue of $1.648-$1.652 billion vs $1.65 billion estimated with EPS of $0.58-$0.59 vs $0.56 estimated.
The stock is up over 25% in pre-market after the earnings release.
$115 was a resistance area in the after-hours and becomes a potential support level.
Above it, the first target for bulls is the pre-market high at $117.70. Beyond that, $120, $123 and $128 come into play.
Below $115, there is potential support at $110, $105, $101, with a gap to fill at $90.31.
MARKET NEWS 📰
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