News: Morning Brew 

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Nasdaq 13,881.72 +0.49%

S&P 4,226.52 -0.08%

Dow 34,630.24 -0.36%

+27% 122m Float 425M market cap

No real catalyst, 2nd day runner

What happened

Shares of NextDecade (NASDAQ:NEXT) surged more than 34% by 2:30 p.m. EDT on Monday. Fueling the liquefied natural gas (LNG) stock was an analyst upgrade.  

So what

Morgan Stanley upgraded its rating on NextDecade from "equal weight" to "overweight," and boosted its price target from $2 per share to $6 per share. That new target is still more than 80% above the current price even after Monday's rally. Underpinning that upgrade is the view that a global recovery in the natural gas market is "well underway." 

+6% 250m Float 880M Market Cap

• FDA's Fast Track Designation for VBI-1901 underscores the significant and urgent unmet medical need for new therapies for recurrent glioblastoma (GBM) patients
• Designation granted based on data from the Phase 1/2a study of VBI-1901 in recurrent GBM patients
• Most recent tumor response data and overall survival (OS) data from Phase 1/2a study were presented in a poster at American Society of Clinical Oncology (ASCO) Annual Meeting, June 4-8, 2021

  VBI Vaccines Inc., a biopharmaceutical company driven by immunology in the pursuit of powerful prevention and treatment of disease, today announced that the U.S. Food and Drug Administration (FDA) granted Fast Track Designation for VBI-1901, VBI's cancer vaccine immunotherapeutic candidate for the treatment of recurrent glioblastoma (GBM) patients with first tumor recurrence.

+17% 22M FLOAT 209M MC

CORRECTING AND REPLACING -- PDS Biotech Announces Release of Interim Data for PDS0101 in NCI-Led Phase 2 Clinical Study in Oral Presentation at ASCO 2021 Annual Meeting

FLORHAM PARK, N.J., June 08, 2021 (GLOBE NEWSWIRE) -- In a release issued under the same headline earlier today by PDS Biotechnology Corporation (Nasdaq: PDSB), we've been informed by the company, the beginning of the conference call paragraph should read "The company is hosting a conference call today at 8:00 am ET to discuss the data presented at ASCO." instead of "The company is hosting a conference call tomorrow morning at 8:00 am ET to discuss the data presented at ASCO." The completed corrected text follows.
 

PDS Biotechnology Corporation (Nasdaq: PDSB), a clinical-stage immunotherapy company developing novel cancer therapies based on the Company’s proprietary Versamune® T-cell activating technology, today announced the presentation of interim data from the Phase 2 trial led by the National Cancer Institute (NCI), of the National Institutes of Health (NIH), at the American Society of Clinical Oncology (ASCO) 2021 Annual Meeting.

NEED TO MAKE SURE THE STOCK IS UP ENOUGH TO SUPPORT THE VOLATILITY WE WANT TO SEE, ALTHOUGH IT SEEMED VBIV AND PBSB HAD ACTUAL CATALYSTS THEY DIDNT END UP MAKING THE MOVES WE WANTED TO SEE (THEY WERE ALSO UP ONLY A FEW PERCENT PRE MARKET)

NEXT, WEN, AND CLOV WERE THE BEST TICKERS ON THE DAY I WAS LOOKING AT 

ALSO GETTING A LOT OF BIG RUNNERS UNTIL 8AM SHOULD DEF BE TRADING ATLEAST 630-8AM WITH FULL ATTN

+20% 220M FLOAT 6000M MC

Wendy's Surges on Reddit Interest, Jim Cramer Says 'Deserves to Be Higher'

Wendy's, perhaps one of the more unlikely 'meme stocks', is finding favor among Reddit retail investors as it surges to all-time highs in pre-market trading.

MARTIN BACCARDAX

UPDATED:

JUN 8, 2021 9:34 AM EDT

ORIGINAL:

JUN 8, 2021

Wendy's Co  (WEN) - Get Report shares surged to an all-time high Tuesday as the restaurant chain appeared to enter the world of meme stocks even as regulators stepped-up their monitoring of potential manipulation within social media forums.

Data from the Yolosocks.live website, which tracks real-time mentions on stocks within Reddit, indicated that Wendy's is now the sixth-most discussed stock among users, up from a previous rank of 19, over the past 24 hours.

Wendy's, which raised its full-year profit forecast last month following a stronger-than-expected first quarter earnings and same-store-sales, is perhaps one of the few so-called meme stocks with compelling underlying fundamentals and a key activist shareholder -- Nelson Peltz's Trian Fund Management.

The restaurant group is also set to benefit from the return of workers to businesses and offices around the country, which could power sales from its higher-margin breakfast menu. The group also opened its first restaurant in the United Kingdom, featuring signature U.S. menu options, earlier this month.

Wendy's shares were marked 15.5% higher in early trading Tuesday to change hands at $26.50 each, a move that would lift the stock's year-to-date gain to around 25%. The stock hit an all-time high of $27.38 in the opening minutes of trading.

+70% 400M FLOAT 8200M MC

NO NEWS ON FIN VIZ

June 7, 2021 11:04 PM ET (BZ Newswire) -- News

Clover Health Investments Corp (NASDAQ:CLOV) emerged as the most discussed name on r/WallStreetBets, or WSB, a popular retail-investor-centric Reddit forum.