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Good day, 360!
Here are some of our top movers today. And donβt forget to join us in Market Masters – the hottest trading room around π₯. Be the best prepared trader on the Street!
FOCUS LISTπ
LUNR – Up over 50% in the pre-market after NASA Awards near space network contract with a maximum potential value of $4.82 billion
VVOS – Up over 35% in pre after receiving groundbreaking FDA 510(k) clearance to treat moderate to severe pediatric sleep apnea and snoring
OMEX – Up over 80% in pre after reporting win in NAFTA arbitration case yesterday
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HOTLISTπ₯
LUNR – Up over 50% in the pre-market after NASA Awards near space network contract with a maximum potential value of $4.82 billion
Intuitive Machines Inc. (LUNR) designs, manufactures, and operates space products and services in the United States. Its space systems and space infrastructure enable scientific and human exploration and utilization of lunar resources to support sustainable human presence on the moon.
In the after-hours yesterday, the company announced NASA has awarded the Company a Near Space Network (βNSNβ) contract for communication and navigation services for missions in the near space region, which extends from Earthβs surface to beyond the Moon.
he contract has a base period of five years with an additional five-year option period, with a maximum potential value of $4.82 billion. The incrementally funded base ordering period begins Tuesday, October 1, 2024, through September 30, 2029, with the option period potentially extending the contract through September 30, 2034.
The stock traded up over 50% in the pre-market in reaction to the news.
The $8 area acted as resistance in the pre-market and now becomes a potential support level.
Above it, targets to the upside are $8.50, $8.80 and then the pre-market high at $9.20. Beyond that, $9.59, $10, $10.50 and $12 come into play.
Below $8, targets to the downside are $7.50, $7.30, $7, $6.30, $5.70 and then a gap fill at $5.40.
VVOS – Up over 35% in pre after receiving groundbreaking FDA 510(k) clearance to treat moderate to severe pediatric sleep apnea and snoring
Vivos Therapeutics, Inc. (VVOS) is a medical technology company that develops and commercializes treatment modalities for patients with dentofacial abnormalities, obstructive sleep apnea (OSA), and snoring in adults,
In the pre-market this morning, the company announced receipt of what is believed to be the first ever U.S. Food and Drug Administration (FDA) 510(k) clearance to treat moderate to severe OSA and snoring in children using Vivosβ proprietary flagship oral medical device.
The stock traded up over 35% in the pre-market in reaction to the news.
The $3.35 area acted as support in the pre-market and will be an important level to watch.
Above it, targets to the upside are $3.80, $4 and then the pre-market high at $4.19.Β
Below $3.35, targets to the downside are $3.20, $3 and then a gap fill at $2.80.
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Take it from Larry Kudlowβ¦
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OMEX – Up over 80% in pre after reporting win in NAFTA arbitration case yesterday
Odyssey Marine Exploration Inc. (OMEX) together with its subsidiaries, discovers, validates, and develops seafloor mineral resources. It explores for phosphate and gold. The company provides specialized mineral exploration, project development, and marine services to clients.
Yesterday, the company announced an award in its arbitration with the United Mexican States under Chapter Eleven of the North American Free Trade Agreement (NAFTA).
OMEX received notification from the International Centre for Settlement of Investment Disputes (ICSID) of the arbitral award on the claims involving Odyssey and its subsidiary, Exploraciones OceΓ‘nicas S. de R.L. de C.V. (ExO), against Mexico.Β
The award orders Mexico to pay US$37.1 million for breaching its obligations under NAFTA, plus interest at the one-year Mexico Treasury bond rate, compounded annually, from October 12, 2018, until the award is paid in full, plus the arbitratorsβ fees and ICSID administrative costs. The amounts awarded are net of Mexican taxes and Mexico may not tax the award. Odyssey expects that most or all of the proceeds of the award will be used to satisfy its litigation financing obligations.
After closing down yesterday just over 89%, the stock is trading up over 80% in the pre-market this morning.
$1.08 acted as resistance in the pre-market and will be an important level to watch.Β
Above it, the first target is the pre-market high at $1.18. Beyond that round numbers such as $1.50 and $2 could come into play. Before the news OMEX was trading around $4.
Below $1.08, targets to the downside are $1, $0.88, $0.75, $0.60 and then $0.42.
MARKET NEWS π°
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