Market Movers, August.28th

“Key yield curve inverts even further as 30-year yield hits new record low”CNBC

8:01am, Dow futures down 92 points, volume 50,236

8:34am, DPW is up 64% on 968,108 shares, after announcing they have eliminated their debt. Read more

“Tallgrass Energy receives take-private offer from Blackstone” Reuters. Up 35% in the premarket on 360 000 shares traded

“Lannett Enters Into Distribution Agreement For Posaconazole Delayed-Release Tablets; Launch To Commence Shortly”. Up 39% on 760,204 shares at 8:43am. Read more

“Movado earnings fall short, cuts guidance”, Marketwatch, down 16% on 3,194 shares at 8:38am

Yield curve is inverted 4.5 basis points. It looks more and more like this inversion is here to stay.

“Autodesk shares plunge on trade war concerns”, CNBC. Down 11% on 146,615 shares at 8:53am

Oil is up 1.55% at 8:47am

9:08am, Dow futures only down 11%, volume 59,240

9:20am, MICR is up 27% on 226,216 shares after announcing a 3.7 million contract with a “leading medical technology company”. Read more

They had 500 dollars in cash according to their most recent 10Q…Never seen that before…

No dilution tenancies though

9:43, Dow down 81 points, volume 15,033,340

10:53am, Dow up 143 points, volume 52,712,340

“Phibro stock plummets on earnings miss, outlook”, Marketwatch Currently down 23% on 692,416 shares at 11:02am

11:09am, MDJM Ltd is up 55% on 2,266,080 shares. Click on the image for the full report

11:15am, Intec Pharma Ltd is up 42% on 10,498,098 shares; no apparent news

PolarityTE is up 17% at lunch on 557,895 shares after announcing that “it will present at the H.C. Wainwright 21st Annual Healthcare Conference on September 9, 2019 in New York, NY. PolarityTE also announced that it will attend and meet with investors during the Morgan Stanley 17th Annual Global Healthcare Conference on September 10, 2019 in New York, NY”. Read more

12:47pm, Dow up 175 points, volume 91,886,647

“Queen approves Boris Johnson’s plan to suspend parliament, making a no-deal Brexit more likely”, CNBC

Self-proclaimed bitcoin ‘creator’ sued for $10bn

Reuters front page archived

2:44pm, Dow up 225 points, volume 129,682,027

Why record low bond yields could keep heading lower as market fears ‘disaster scenario’ CNBC

Dow closes up 258 points, volume 200,493,115

Bitcoin suddenly crashes for no apparent reason. Reporting this late. It happened at around 2pm

Stay tuned for updates!

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