Chindata Charts Life After Founder, But Uncertainty Keeps Investors at Bay
Key takeaways:
• Chindata said it has agreed with its founder Ju Jing on terms of his departure, including a substantial reduction of his super-voting shares
• Plan will help the company move forward, though uncertainty remains over new businesses that Ju was promoting
Stocks That Hit 52-Week Lows On Friday
During Friday's session, 445 companies made new 52-week lows.
20 Stocks Moving in Monday’s Pre-Market Session
Gainers
CF Acquisition Corp. VI (NASDAQ: CFVI) rose 23.6% to $14.75 in pre-market trading on continued strength following the SPACs announcement of a merger with Rumble.
58 Biggest Movers From Friday
Gainers
Hagerty, Inc. (NYSE: HGTY) shares jumped 46.5% to close at $15.62.
TuanChe Limited (NASDAQ: TC) gained 44.7% to settle at $3.30.
41 Stocks Moving In Friday’s Mid-Day Session
Gainers
IO Biotech, Inc. (NASDAQ: IOBT) jumped 42% to $11.74. The company, last month, priced its IPO at $14 per share.
Earnings Scheduled For November 24, 2021
Companies Reporting Before The Bell
• Centogene (NASDAQ:CNTG) is likely to report quarterly loss at $0.55 per share on revenue of $31.75 million.
21Vianet Looks for New Chapter With Name Change
Key takeaways
21Vianet’s shareholders have approved changing its name to VNET Group
The move marks the latest change for the company, following the arrival of new CFO in April and the recent departure of its COO
By Doug Young
48 Biggest Movers From Friday
Gainers
ZIVO Bioscience, Inc. (NASDAQ: ZIVO) shares climbed 58% to close at $5.45 on Friday.