Vivek, Presidential candidate turned significant shareholder

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FOCUS LIST🔎

AKTS - Up over 200% in the pre-market after announcing completion of its patented bulk acoustic wave updates 

BZFD - Up over 50% in pre after Vivek Ramaswamy discloses 7.7% stake in the company

RZLT - Up over 24% in  pre after reporting positive Phase 2 proof of concept results of treatment of patients with Diabetic Macular Edema (DME)

HOTLIST🔥

AKTS - Up over 200% in the pre-market after announcing completion of its patented bulk acoustic wave updates 

Akoustis Technologies Inc. (AKTS) through its subsidiary, Akoustis, Inc., designs, develops, manufactures, and sells radio frequency (RF) filter products for the mobile wireless device industry in the United States, and internationally.

Overnight, the company announced that it had completed the rollout of its Xbaw® design updates. 

Akoustis developed the updates to its XBAW® manufacturing process to remove any patented features claimed by Qorvo, Inc. in U.S. Patent Nos. 7,522,018 and 9,735,755. Qorvo asserted the patents against certain XBAW® RF filters in Qorvo, Inc. vs. Akoustis Technologies, Inc., No. 1:21-cv-01417-JPM (D. Del.).

Effective immediately, the Company has released these design updates to manufacturing for the remainder of its filter products that remain in production and distribution as needed to remove any potential infringement.

Dave Aichele, Executive Vice President of Business Development stated

“Akoustis is well-prepared to move forward notwithstanding any injunction Qorvo may seek against the accused legacy versions of our products.”

The stock traded up over 140% in the pre-market in reaction to the announcement.

The first target for bulls is the pre-market high at $0.5076. 

Above it, targets to the upside are $0.60, $0.64, $0.74, $0.80, $0.84, $0.93 and $0.98.

Below $0.5076, targets to the downside $0.42, $0.3750, $0.30, $0.20, and then a gap fill at $0.1377.

BZFD - Up over 50% in pre after Vivek Ramaswamy discloses 7.7% stake in the company

BuzzFeed, Inc. (BZFD) is  a digital media company that distributes content across owned and operated, as well as third-party platforms. The company offers BuzzFeed, a go-to authority for entertainment, pop culture along with BuzzFeed News and HuffPost.

In the pre-market this morning, it was disclosed in a 13D filing that Vivek Ramaswamy had acquired a stake in the company. Ramaswamy is a Republican Presidential candidate who recently dropped out of the 2024 race earlier this year.

BZFD traded up over 40% in the pre-market in reaction to the announcement. 

The first target for bulls is the pre-market high at $4.20.

Above that, $4.60, $4.92, $5.50 and $6 come into play.

Below $4.20, targets to the downside are $3.60, $3 and then a gap fill at $2.50.

RZLT - Up over 24% in  pre after reporting positive Phase 2 proof of concept results of treatment of patients with Diabetic Macular Edema (DME) 

Rezolute Inc. (RZLT) is a clinical stage biopharmaceutical company that develops therapies for metabolic diseases associated with chronic glucose imbalance in the United States.

In the after-hours yesterday, the company reported positive topline results from phase 2 proof of concept study of RZ402 in patients with Diabetic Macular Edema (DME).

The study met primary endpoints with good safety profile and reduction in central subfield thickness (CST)

It is the first oral therapy to demonstrate reduction in macular edema and supports potential for early disease intervention.

The stock traded up over 24% in the pre-market in reaction to the news.

$4.05 acted as support in the after-hours and then as resistance in the pre-market.

Above it, targets to the upside are $4.25, $4.60, $5. $5.50 and then the after-hours high at $5.90.

Below $4.05, targets to the downside are $3.50 and then a gap fill at $3.

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