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FOCUS LIST🔎
GME – Up over 90% in pre after Roaring Kitty posts $116 million Gamestop position on Reddit
AMC – Up over 25% in pre in sympathy with GME
BPTH – Up over 50% in pre after presenting successful interim Phase 2 trial results for Myeloid Leukemia treatment
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HOTLIST🔥
GME – Up over 90% in pre after Roaring Kitty posts $116 million Gamestop position on Reddit
GameStop Corp. (GME) is a specialty retailer that provides games and entertainment products through its stores and ecommerce platforms in the United States and internationally.
Over the weekend, Roaring Kitty, a big part of the great Gamestop squeeze of 2021 and 2024 posted for the first time on Reddit in 3 years. The post was a screenshot of his new GME position worth over $116 million in shares along with added options. Here is the screenshot:
GME shares traded up over 90% in the pre-market in reaction to the Reddit post.
The $38.50 area acted as support in the pre-market and will be an important level to watch.
Above it, targets to the upside are $43.30, $45, and then the pre-market high at $47.50. Beyond that, $48.75, $50, $55 and $64.83 come into play.
Below $38.50, targets to the downside are $37.35, $35, $30, $25 and then a gap fill at $23.13.
AMC – Up over 25% in pre in sympathy with GME
AMC Entertainment Holdings, Inc. (AMC) through its subsidiaries, engages in the theatrical exhibition business. It owns, operates, or has interests in theaters in the United States and Europe.
As has happened previous times in meme mania AMC is trading higher in sympathy with GME. The two main Meme names in the stock market are once again in play today after Roaring Kitty posted his massive Gamestop position on Reddit over the weekend.
AMC traded up over 25% in pre in sympathy with GME which traded up over 90%.
The $5.50 area acted as support in the pre-market and now becomes a potential resistance level.
Above it, targets to the upside are $5.70 and then the pre-market high at $5.90. Beyond that, $6, $6.50, $7, $7.50 and $7.79 come into play.
Below $5.50, targets to the downside are $5.30, $5, $4.71, $4.50 and then a gap fill at $4.35.
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BPTH – Up over 50% in pre after presenting successful interim Phase 2 trial results for Myeloid Leukemia treatment
Bio-Path Holdings, Inc. (BPTH) operates as a clinical and preclinical stage oncology focused RNAi nanoparticle drug development company in the United States.
In the pre-market this morning, the company announced it had presented positive interim data from its ongoing Phase 2 combination study of Prexigebersen for treatment of acute Myeloid Leukemia at the American Society of Clinical Oncology (ASCO) annual meeting on June 1, 2024 in Chicago, IL.
The positive results from interim analysis demonstrated significant clinical improvement and tolerable safety profile for Prexigebersen combination in high-risk patients.
Given these promising interim results, Bio-Path expects to continue enrollment of up to 98 and 54 evaluable patients for Cohorts 1 and 2, respectively.
BPTH is a prior runner and traded up over 50% in the pre-market in reaction to the news.
The first target for bulls is the pre-market high at $3.80.
Beyond that $4, $4.30, $4.50, $5, $5.50 and $6 come into play.
Below $3.80, targets to the downside are $3.40, $3.20, $2.90, $2.68, $2.40 and then a gap fill at $2.10.
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