Top Stocks to Watch on Wednesday: Tesla, Bit Digital, Life Time, Coherus Biosciences, Reneo Pharmaceuticals, Iovance Biotherapeutics, First Wave Biopharma

2023-12-27 12:23:00
Main stocks to follow on Wednesday on Wall Street where futures contracts on the main indices suggest an opening slightly lower by 0.03% for the Dow Jones .DJI, 0.03% for the Standard & Poor’s 500 .SPX and stable for Nasdaq .IXIC: * TESLA TSLA.O is preparing to launch a new version of its Model Y at its Shanghai factory, Bloomberg News reported on Tuesday. Production might begin as early as mid-2024. * BIT DIGITAL BTBT.N – The bitcoin miner is up 6.4% before the open, following announcing plans to double its fleet of cryptocurrency mining computers to reach a capacity of around 6.0 ether per second in 2024. * LIFE TIME LTH.N – The price of the fitness center owner is down 5% in following-hours trading, while the company’s financial director will resign on December 31. * COHERUS BIOSCIENCES CHRS.O advances 34.4% before opening, the Food and Drug Administration having approved its drug delivery device. * RENEO PHARMACEUTICALS RPHM.O – The drug developer rose 12.86% to $1.57 in following-hours trading as Concentra Biosciences submitted a proposal to acquire 100% of Reneo’s equity for $1.80 dollars per share. * IOVANCE BIOTHERAPEUTICS IOVA.O said on Wednesday that the FDA had suspended its clinical trial of a therapy for a type of lung cancer. The stock lost 28.2% before the opening. * FIRST WAVE BIOPHARMA FWBI.O – The title of the drug developer more than doubled in pre-market trading to reach $8.49, following agreeing to sell its drug once morest inflammatory bowel diseases. (Written by Corentin Chappron, edited by Kate Entringer)
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