AMC Entertainment [AMC] - Last Close: $4.90 AMC Entertainment is at the top of our premarket lineup again today. The movie theater meme stock continues to run hot in the wake of a recent court decision that halted the company's efforts to convert its preferred shares. However, an additional catalyst cam through late Thursday afternoon, when a Form 4 filing revealed insider selling at the company. According to the filing, Antara Capital dumped more than 11 million shares of AMC Preferred Shares [APE] on April 4th at an average price of $1.67 apiece. It seems like bearish news, but that's not enough to stop one of America's favorite meme stocks. Shares of AMC are up 9.8% on the news. My Take: Classic meme stock trading action here. Chasing gains in AMC is always a gamble, so be cautious if you decide to go after this one. Finance of America Companies [FOA] - Last Close: $1.93 Something is cooking at Finance of America Companies... The consumer lending stock is heating up after a Form 3 filing revealed president Kristen Sieffert has amassed a 258,521-share position in the company. Sieffert also controls more than 1 million additional shares via derivative securities and other instruments. Earlier in the week, FOA began rallying after a Form 4 filing revealed Blackstone had amassed a significant stake in the company. FOA is up 16.8% this morning, after gaining more than 30.4% in Thursday's session. My Take: When Blackstone is buying, it's worth a second look. I'm not sure what's going on at FOA, but it could be the prelude to a buyout deal or other major catalyst. CNS Pharmaceuticals [CNSP] - Last Close: $0.7501 CNS Pharma is moving higher after a key regulatory decision. The clinical-stage pharma firm said the Competent Authority from the central Ethics Committee in Italy approved its trial evaluating Berubicin for GBM. The committee approved CNS's application for a potentially pivotal global trial. The trial is now expected to have more than 60 clinical sites across 5 countries. "We are incredibly pleased to add Italy to our growing portfolio of European countries for this global study," CEO John Climaco said in a press release. CNSP is one of today's top premarket gainers with a 53.5% rally. My Take: Anything can happen at a drug trial, so CSP has a lot of uncertainty ahead of it. However, it could see big growth if it can get Berubicin through this pivotal trial successfully. Vistagen [VTGN] - Last Close: $0.1364 A new patent award is lifting shares of Vistagen this morning. Yesterday, the company announced the European Patent Office had approved its patent application for AV-101 an oral NMDAR glycine site antagonist. The patent relates to the synthesis of AV-101 and certain chemical intermediaries. Vistagen said the new E.U. patent compliments its previously-granted U.S. patent on the therapeutic compound, which lasts until 2039. VTGN is up 19.5% on news of the patent approval. My Take: This is a very low-float stock, and its chart isn't particularly attractive. This stock could see a lot of volatility today. GainersLiquid Media [YVR] >> +99.7%Eightco Holdings [OCTO] >> +30.2%Inspira Technologies [IINN] >> +17.3%DeclinersJowell Global [JWEL] >> (29.5%)Scilex Holding Co. [SCLX] >> (19.2%)Vallon Pharma [VLON] >> (16.8%) Freedom Holding Corp [FRHC] ... AM Tilray [TLRY] ... AM Cognyte [CGNT] ... AM Ironnet [IRNT] ... AM |