HomeNewsMarket highlights: Four stocks that captured investor attention on Wednesday

Market highlights: Four stocks that captured investor attention on Wednesday

  • Nikola has announced that USA Truck will acquire ten of its BEV trucks
  • Ford sales down 6.8% YoY
  • Mainz Biomed announced that Socpra Sciences as executed an agreement to access mRNA biomarkers

USA Truck Inc. to buy Nikola’s BEV truck

Nikola Corporation (NASDAQ: NKLA) shares were up 10% on Wednesday after stating that USA Truck Inc. is planning to acquire ten of its battery-electric trucks. The EV manufacturer indicated that the logistics firm was planning to buy the BEV trucks from a member of its services and sales dealer network, Thompson Truck Centres. The trucks will be delivered to the logistics company in June 2022, and USA Truck may decide to buy more trucks later.

Ford delivered 173,740 units in December

Ford Motor Company (NYSE: F) shares dropped 3% on early Wednesday after the company indicated that its sales were 6.8% down YoY, before climbing later to a 20-year high of $24.9. The automotive maker attributed the drop to the shortage of chips experienced in the first three quarters of 2021. Interestingly supply chain constraints eased for the company in Q4, with sales increasing 26.8% sequential relative to the industry decline of  3%. In December, Ford's inventory was up by 22,000 vehicles closing the year with 247,000 units in stock. As a result, Ford sold 173,740 vehicles last month, which is a drop of 17.1% YoY.

Socpra Sciences implements Technology Rights Agreement for Mrna biomarkers access.

Mainz Biomed N.V. (NASDAQ: MYNZ) shares surged 80% following the announcement that Socpra Sciences had implemented a Technology Rights Agreement to gain access to the proprietary mRNA biomarkers to incorporate them into ColoAlert. ColoAlert is a simple and effective CRC test developed by Mainz (colorectal cancer). The company is actively promoting the detection test in areas of Europe through its new and distinctive business strategy of entering into test kit processing relationships with third-party labs. Instead of managing a single facility, the corporation chooses this path instead of taking the typical approach.

Data Storage's subsidiary signs multi-million deal with a professional sports team

Data Storage Corporation (NASDAQ: DTST) saw its stock rise about 30% when the company revealed that its wholly-owned subsidiary Flagship Solutions Group had signed a multi-million dollar deal with one of the country's best-known professionals sports teams. According to the multi-million dollar contract, flagship Solutions will supply encrypted and upgraded storage solutions to serve the well-known sports team, its subsidiaries, and its stadium.

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