Morning Watch: Momo Inc. (MOMO), Ambarella (AMBA), Twitter (TWTR), Axovant Sciences (AXON)

Shares of Momo Inc. (MOMO) surged $1.65, or 10.77%, to $17.26 after the company Tuesday morning announced that it has received a ‘going private’ proposal from a buyer group including Co-Founder, Chairman and CEO for $18.90/share in cash per ADS. The offer represents a premium of 20.5% to the closing trading price of MOMO on June 22, 2015.

Ambarella, Inc. (AMBA) shares jumped 10% ($103.81) this morning following yesterday’s sell off. We’re not seeing any news or rumors to account for the move, but would note that the company was favorably mentioned on Monday’s Mad Money.

AMBA is currently trading more than 3.1 million shares, which dwarfs the average volume of 2.6 million shares a day over the last 3-months.

Axovant Sciences Ltd. (AXON): In a new 13G filing with the Securities and Exchange Commission, Visium Asset Management discloses 5.1% passive stake in the $1.95 billion market cap company.

AXON shares recently gained $0.24 to $20.33. In the past 52 weeks, shares of Hamilton, Bermuda-based clinical-stage biopharmaceutical company have traded between a low of $18.61 and a high of $31.17. Shares are down about 33% year-to-date.

Shares of Twitter, Inc. (TWTR) are down marginally to $35.50 in early trade following unfavorable mention on Monday’s Mad Money.

Twitter, Inc., currently valued at $23.74 billion, has a median Wall Street price target of $44.00 with a high target of $60.00. In the past 52 weeks, shares of the company have traded between a low of $33.51 and a high of $55.99 with the 50-day MA and 200-day MA located at $36.57 and $42.14 levels, respectively. Additionally, shares of TWTR trade at a P/E ratio of 1.53 and have a Relative Strength Index (RSI) and MACD indicator of 31.44 and -0.01, respectively.

TWTR currently prints a one year loss of about 10% and a year-to-date loss of around 1 percent.

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