3 Stocks Making Big Moves in Early Trading

Nio shares may be on track for their best weekly performance to date

by Karee Venema

Published on Jul 5, 2019 at 9:22 AM

It's set to be a quiet day on Wall Street following the Fourth of July holiday, but a handful of stocks are making big moves in early action, including Swedish drugmaker Oasmia Pharmaceutical (NASDAQ:OASM), French biopharmaceutical name DBV  Technologies (NASDAQ:DBVT), and Tesla rival Nio Inc (NYSE:NIO). Here's a quick look at what's moving the shares of OASM, DBVT, and NIO.

Oasmia Pharmaceutical Climbs on Shareholder Buzz

Oasmia Pharmaceutical shares are up 52.9% in electronic trading, after the company's largest shareholder, Arwidsro, increased its stake in OASM. The penny stock has been charting a path lower since its mid-November peak north of $5, and hit a 17-month low of $0.94 on June 28. Today's pre-market pop puts the OASM on track to close above its 120-week moving average for the first time since mid-May.

DBV Technologies Spike Could Shock Shorts

DBV Technologies stock is set to open up 17.6%, though it's not entirely clear at this point what's lifting the shares. DBVT has been chopping higher since its late-December low of $3.60, and closed Wednesday below familiar resistance at the round $10 mark.

The shares seem poised to break out into double digits today, though, which could shake some of the weaker bearish hands loose. Short interest on DBVT spiked 23.8% in the two most recent reporting periods to 4.11 million shares, representing a healthy 9% of the security's available float.

Nio Stock Eyes Best Week Ever

Nio stock is trading 4.2% higher ahead of the bell, as buzz swirls over the Chinese electric automaker's potential entry into the European marketplace. Whatever the reason, the security is poised to build on Wednesday's nearly 11% gain to close at $3.13, boosted by upbeat Tesla (TSLA) news.

NIO could be on track for its biggest weekly gain ever, and options traders may be cheering. Over the past 10 days at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), speculators have bought to open 4.48 Nio calls for each put.

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