Market Movers, July.19th

8:12am CRWD up 19% on 234,317 shares traded after reporting 1st quarter earnings growth. We knew that was going to happen. Their growth numbers were off the charts, but it is currently trading at multiples that are outrageous. Very low float though. Link to the report

8:19am, Midatech Pharma PLC up 100% on 1,937,779 shares traded after reporting positive results from a first in human study of its MTX102 immuno-tolerising vaccine product candidate in diabetes. Read more

“NY Fed clarifies Williams speech that market took as signal of a rate cut”, CNBC reports. Yesterdays interpretation had a big impact on the price action yesterday. The indexes looked like they were poised for a short term correction, and at one point, the Dow was down 150 points after falling for 3 days straight. The Dow probably would have closed red if this story had not been reported

“BlackRock’s Fink: CEOs tell me that they’re pulling their supply chains out of China now”, CNBC reports

 8:29am, Altimmune Inc up 7.3% on 220,348 shares traded after Roth Capital analyst Jerry Isaacson gives the company a buy rating with an $8.30 price target, thefly.com reports

They were recently approved for a shelf registration statement on April. 12th, but they aren’t starving for money right now

9:08am, Dow up 102 points

9:12am, YGYI up 12% on 47,648 shares traded after getting featured on featured in CannabisNewsWire publication, globenewswire reports

9:17am, CRWD trading volume is 473,500 now.

“Gannett nears deal to merge with GateHouse Media, combining 2 largest U.S. newspaper chains”, reported by marketwatch after market close yesterday. Currently up 21% on 542,490 shares traded as of 9:42am.

“Skechers Achieves Record Second Quarter 2019 Net Sales”,
BUSINESS WIRE reports, up 14% on 3,022,822 shares traded as of 9:46am

Red Robin up 13% on 284,806 as of 9:56am after private-equity firm Vintage Capital Management LLC offers to buy 100% of their outstanding capital stock for $40.00. Link

Microsoft announced 4th quarter earnings after market close yesterday, eclipsing 1 trillion in market cap. It seems to be the favorite among fund managers just from what we have seen. Up 1.8% and at the top of the volume list on 12,751,180 shares traded as of 10:09am. Click the image below for the full report

Stay tuned for updates!

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