Amazon.com (AMZN) – Shares were up 5% Thursday morning following news the company will split its stock 20-for-1. The stock will begin trading split adjusted on Jun. 6.
Yum China (YUMC) – A play on Chinese consumers. Chinese stocks were down across the board Thursday morning. Reports mid week highlighted China’s balancing act on neutrality related to the Russian invasion of Ukraine. An Axios report suggested the Chinese stance is starting to lean more toward favoring Russian actions. A Bloomberg report noted China’s consideration for investments in Russian energy firms. CNN reported on misinformation being shared within China.
Indonesia Energy (INDO) – A play on continued momentum in nano-cap, low-float energy companies. The company announced Thursday morning it commenced drilling of two back-to-back production wells at the Kruh block.
Natera (NTRA) – The target of a short-seller report Wednesday. Shares closed down more than 30% Wednesday. The company responded and said it disagreed with the accuracy of the report. Analysts at Canaccord and Piper defended the stock. Shares were up about 15% Thursday morning.
Lightbridge (LTBR) – A play on a nuclear fuel technology company. Uranium and nuclear-related stocks moved higher midday Wednesday following a report US was considering sanctions on Russian nuclear power supplier Rosatom.