With US stock futures trading higher this morning on Wednesday ahead of earnings reports from several big companies, some of the stocks that may grab investor focus today are as follows:
Gainers
Ayala Pharmaceuticals, Inc. (NASDAQ: AYLA) jumped 130% to $2.0001 after the company filed a request for the withdrawal of the Registration Statement on Form S-1.
Pagaya Technologies Ltd. (NASDAQ: PGY) gained 30.7% to $12.52. The stock has seen continued volatility after the company completed its SPAC merger agreement last month.
US crude oil futures traded higher by around 1% on Tuesday. Investors, meanwhile, focused on some notable insider trades.
When insiders purchase or sell shares, it indicates their confidence or concern around the company's prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision.
Credit Suisse cut the price target for Amazon.com, Inc. (NASDAQ: AMZN) from $185 to $170. However, Credit Suisse analyst Stephen Ju maintained the stock with an Outperform rating. Amazon shares fell 4.1% to $116.17 in pre-market trading.
JP Morgan cut the price target on Ford Motor Company (NYSE: F) from $21 to $19. However, JP Morgan analyst Ryan Brinkman maintained Ford with an Overweight. Ford shares fell 0.6% to $12.77 in pre-market trading.