From spectrum politics to AI revenue — today’s market drivers

In partnership with

Good day, 360!

Here are some of our top movers today. And don’t forget to join us in Market Masters at 9AM EST for pre-market and 3pm EST for HOT closing action🔥. Be the best prepared trader on the Street!

FOCUS LIST🔎

OP - Up over 150% in the pre-market after closing Friday up over 120% 

SATS - Up over 48% in pre after Donald Trump urged the company and FCC chair to cut a deal on spectrum

AIOT - Up over 10% in pre after announcing better than expected earnings, 65% EBITDA growth

HOTLIST🔥

OP - Up over 150% in the pre-market after closing Friday up over 120%  

OceanPal Inc. (OP) provides ocean-going transportation services worldwide. It owns and operates dry bulk carriers that transport major bulks, such as iron ore, coal, and grains, as well as minor bulks, including steel products, cement, and fertilizers.

On June 2nd, the company announced that it had signed a Memorandum of Agreement to sell the 2004-built dry bulk vessel “Protefs” to a third party, for a sale price of US$7 million before commissions with delivery to the buyer no later than June 17, 2025.

Ahead of the completion of the sale, OP traded up over 120% on Friday. Apparently some shorts may be stuck with the stock trading up another 150% in the pre-market. 

This is a stock that has had numerous reverse splits and had a float of just 7.5 million shares according to Finviz.

This is one for active traders to have on their radar both on the long and short side.

The $3.15 area acted as support in the pre-market and will be an important level to watch.

Above it, targets to the upside are $3.60, $3.85, $4, and then the pre-market high at $4.38. Beyond that, $5, $6, $7, $7.80 and $10 come into play.

Below $3.15, targets to the downside are $3, $2.70, $2.50, $2.30, $2 and then $1.50. 

SATS - Up over 48% in pre after Donald Trump urged the company and FCC chair to cut a deal on spectrum

EchoStar Corporation (SATS) together with its subsidiaries, provides networking technologies and services in the United States and internationally. It operates through four segments: Pay-TV, Retail Wireless, 5G Network Deployment, Broadband and Satellite Services.

In the after-hours Friday, President Donald Trump urged EchoStar Corp Chairman Charlie Ergen and Federal Communications Commission Chair Brendan Carr to reach a deal over the fate of the company's wireless spectrum licenses, Bloomberg reported on Friday.

On Thursday, Trump met with Ergen and he telephoned Carr, who came to the White House to join the meeting, Bloomberg reported.

The White House and EchoStar declined to comment. The FCC did not immediately respond to a request from Reuters for comment on Friday.

EchoStar has been trying to shield its cache of wireless spectrum licenses from the threat of revocation by the FCC.

EchoStar said the FCC was "harming EchoStar’s ongoing deployment and threaten its viability as a wireless provider as well as endanger the video and broadband satellite services upon which millions of consumers rely."

Shares of SATS traded up over 48% in the pre-market in reaction to the Bloomberg report.

The $23.50 area acted as support in the pre-market and will be an important level to watch.

Above it, targets to the upside are $25, $26 and then the pre-market high at $26.59. Beyond that, $27.40 and $30 come into play.

Below $23.50, targets to the downside are $20, $18 and then a gap fill at $16.84.

AIOT - Up over 10% in pre after announcing better than expected earnings, 65% EBITDA growth 

Powerfleet (AIOT) is a global leader in the artificial intelligence of things (AIoT) software-as-a-service (SaaS) mobile asset industry.

In the pre-market this morning, the company reported its financial results for the fiscal year and the fourth quarter ended March 31, 2025.

Highlights include:

Total revenue growth for fiscal 2025 of 26% to $362.5 million, with ~75% SaaS recurring revenue.

Annual adjusted EBITDA climbed 65% year-over-year to $71 million, with adjusted EBITDA margin expanding 500 basis points to 20%.

Q4 total revenue increased 42% year-over-year to $103.6 million, with Service revenue increasing 49% to $81.8m, while adjusted EBITDA grew 84% to $20.4 million.

Q4 total adjusted gross margin exceeded 60%, compared to 53% in the prior year.

Shares of AIOT traded up over 10% in the pre-market in reaction to the news.

The $4.70 area acted as support in the pre-market and will be an important level to watch.

Above it, targets to the upside are $5 and then the pre-market high at $5.23. Beyond that, $5.60, $5.80 and $6 come into play.

Below $4.70, targets to the downside are $4.60 and then a gap fill at $4.45 and then $4.36 below that.

MARKET NEWS 📰

Don't miss out on our MOBILE ALERTS!  Some of these alerts have rocketed past the MOON 🌝.  Simply text “RAGE” to 1-(888) 487-1534 📲.

*Disclosure: By texting “RAGE” to 1-(888) 487-1534, you agree to receive promotional messages sent via an autodialer. You also agree to the terms of service and privacy policy. This agreement isn’t a condition of any purchase. Message frequency varies. Message and data rates may apply. Reply STOP to opt out; HELP for more information.