Twitter, DWAC, Alibaba, Uber and More: U.S. Stocks To Watch

Tiger Newspress2022-07-11

Twitter (TWTR): Twitter has hired merger law heavyweight Wachtell, Lipton, Rosen & Katz as it races to sue Elon Musk for moving to dump his $44 billion takeover of the company, according to people familiar with the matter. Twitter shares dropped 6.6% in premarket trading.

Digital World Acquisition Corp.(DWAC): the special purpose acquisition behind the Truth Social app, surged 23.5% in premarket trading on Monday. The rally in Digital World Acquisition is attributable to the decision by Elon Musk to cancel the deal to buy Twitter. Following the development, Wedbush analyst Daniel Ives slashed the price target for Twitter from $43 to $30. This marked a back-to-back reduction following a cut from $54 to $43 just last week.

Hot Chinese ADRs: Alibaba, JD.com, Pinduoduo, Baidu, Nio, Xpeng Motors and Li Auto fell between 3% and 5% in premarket trading.

Uber(UBER): Uber Technologies Inc. attempted to lobby politicians and flouted laws as part of efforts to expand globally from 2013 to 2017, according to newspaper reports based on leaked documents. Uber shares lost 2.2% in premarket trading.

GlobalFoundries(GFS): Chipmakers STMicroelectronics and GlobalFoundries announced on Monday plans to build a semiconductor factory in France, drawing on funding from the government, the latest move to boost output in the region. GlobalFoundries shares declined 3.2% while STMicroelectronics stock slightly increased by 0.7% in premarket trading.

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Comments

NP_YT
2022-07-12
NP_YT
Ok
Senkas
2022-07-11
Senkas
Ok
Tanyl
2022-07-11
Tanyl
Twitter price will drop very soon
Dttk
2022-07-11
Dttk
like pls
Derrick0359
2022-07-11
Derrick0359
Pls comment
GBuffett
2022-07-11
GBuffett
Like

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price will drop very soon","listText":"Twitter price will drop very soon","text":"Twitter price will drop very soon","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9071265150","repostId":1159547646,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9071284366,"gmtCreate":1657540135855,"gmtModify":1676536022106,"author":{"id":"3572939968720880","authorId":"3572939968720880","name":"Dttk","avatar":"https://static.tigerbbs.com/82269b01d70f98d5770f4418d3911ef9","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3572939968720880","authorIdStr":"3572939968720880"},"htmlText":"like pls","listText":"like pls","text":"like 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