Bath & Body Works [BBWI] - Last Close: $35.84
Bath & Body Works is trending after a business update.
After Monday's close, the specialty retailer announced the "official kickoff of Fall" and the launch of more than 35 fragrances.
Bath & Body Works unveiled nine brand-new fragrances for the occasion and promised to bring back several classic customer favorites.
Shares began to heat up following the announcement, and now BBWI is building momentum in the premarket.
BBWI is leading the S&P 500 with a 4.1% gain in the premarket.
My Take: BBWI's announcement isn't exactly a game-changer, but the market likes to see businesses doing what they do best.
PDD Holdings [PDD] - Last Close: $91.22
Pinduoduo parent company PDD Holdings is up after an earnings beat.
The company reported its Q2 earnings report early this morning, and the better-than-expected results are giving the stock a big boost.
PDD generated EPS of 10.47 renminbi, easily beating the consensus of 7.36 renminbi.
Revenues of 52.28 billion also topped the Street's 43.94 billion estimate by a health margin.
Both figures also showed notable growth compared to a year ago.
PDD is one of today's most active stocks, and it's currently up 12.9%.
My Take: The artist formerly known as Pinduoduo just had a great quarter, but China's struggling economy could be a macro risk for the stock. However, PDD has a more favorable valuation than many of its peers, so it could be a value at this price point.
Tivic Health [TIVC] - Last Close: $1.94
Tivic Health is rebounding after selling off on Monday.
Yesterday, the health tech company announced a new agreement with AmerisourceBergen for retail pharmacy customers.
Under the terms of the deal, Tivic's products will be available on AmerisourceBergen's third-party marketplace.
Tivic's recently-launched ClearUP bioelectronic sinus pain relief device, which just launched earlier this month, will also be offered on the marketplace.
Tivic COO Ryan Sabia called the deal "a strategic step in expanding our customer reach and product awareness with independent retail pharmacies."
TIVC is the top stock in today's premarket with a 111.3% gain.
My Take: This move has could be attributed to a short squeeze. TIVC had a whopping 612.5% short percentage on August 15th, so a short squeeze could be the driving force behind the stock's sudden reversal.
OKYO Pharma [OKYO] - Last Close: $2.80
An announcement is boosting shares of OKYO Pharma.
This morning, London-based biotech said it regained compliance with Nasdaq's minimum market value rule.
OKYO said it received notice from Nasdaq that it had gained compliance by maintaining a market value of $35 million or more for a minimum of 10 consecutive business days.
Shares of OKYO are up 15.0% on the news.
My Take: OKYO has been on a tear lately, and its short percentage is creeping higher. It was at 45.5% on August 15th, and it could be higher after the big gains this stock has experienced over the past two weeks.
