🎁Top movers | Will FFIE see another 30% tonight? GRAB up or down with regulation and Web3?

WallStreet_Tiger
2023-09-14

1. $Faraday Future Intelligent Electric Inc.(FFIE)$ delivered the 2nd car! Another 30% surge tonight?

After August 14th, FFIE officially delivered its second vehicle to user on September 14th.

 

FFIE's stock price quickly surged, with the intraday peak rising by up to 40%. As of the closing on that day, FFIE's stock price had risen by 31.96%, increasing from $3.88 per share to $5.12 per share.

Today, in pre-market trading, FFIE continues to rise, up by over 12%.

 

2. $Rev Group Inc.(REVG)$ +8.62%: beat both EPS and revenue

REV Group designs, manufactures, and distributes specialty vehicles, and related aftermarket parts and services.

The company released its quarterly earnings and beat estimates by both EPS and revenue. 

Revenue: $680 mln vs. $627.17mln

EPS: $0.35 vs. $0.25

The company reported $0.35 earnings per share for the quarter, beating analysts' consensus estimates of $0.25 by $0.10. The business had revenue of $680.00 million during the quarter, compared to analyst estimates of $627.17 million.

 

3. $Grab Holdings(GRAB)$ fell 6.86% on Singapore regulation but rises due to new Web3 services

$Grab Holdings(GRAB)$ slipped 6.86% on Wednesday following an announcement that Singapore's Land Transport Authority will investigate the supply of taxi and ride-hailing services as part of a review of the point-to-point industry structure and regulatory framework.

However, Grab is climbing before the bell after the announcement of partnership with USDC issuer Circle.

On Sept. 14, Circle said the new Web3 services are available for Singapore-based Grab users through the “Grab Web3 Wallet.”

The new services are enabled through integration of Circle’s new Web 3 Services platform in the Grab app, which is designed to help traditional firms to adopt stablecoins, digital assets and smart contracts.

 Will FFIE see another 30% tonight?

GRAB up or down with impacts by regulation and Web3 services?

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