🚨 3 Big IPOs Dropping This Week – Are You Ready to Profit? 📈

Stocks were mixed on Monday as the S&P 500 rose 0.2% and the Nasdaq gained 0.4%, boosted by a more than 20% surge in AMD shares following a new partnership with OpenAI.

In contrast, the Dow slipped 146 points (0.3%) due to declines in Home Depot and Verizon. AMD’s deal could give OpenAI a 10% stake in the chipmaker, putting pressure on rival Nvidia.

Investors largely brushed off ongoing concerns over the U.S. government shutdown, now in its second week and delaying key economic data.

Despite the uncertainty, markets are coming off a strong stretch, with the S&P and Nasdaq notching gains in four of the past five weeks.

Top Movers: Under $10 

OneMedNet Corp (ONMD) is up 71.36% today to trade at the current level of $1.76. This comes after the company announced a partnership with Palantir (PLTR) to revolutionize healthcare AI and real-world data analytics.

Leap Therapeutics Inc (LPTX) zoomed 30.57% in today’s trade to $0.7 after announcing $58,888,888 in cash commitments for a private investment in public equity offering led by Winklevoss Capital to initiate a digital asset treasury strategy.

In current trading, Streamex Corp (STEX) stock is at $6.58 after announcing an upcoming pre-sale for GLDY, an institutional-grade gold backed stablecoin asset that provides investors with up to 4.0% yield, commencing on or before November 10, 2025.

Invivyd Inc (IVVD) rose 24.99% in the early hours of today's trading to move at $1.45. The FDA has cleared Invivyd’s IND application and given feedback to advance its REVOLUTION program, which is developing VYD2311, a monoclonal antibody to prevent COVID-19.

In the current trading session, Connexa Sports Technologies Inc (YYAI) jumped 26.09% to $2.89 over a previous close of $2.29 after the company rebranded as "AiRWA Inc." and announced a confirmed $100 million investment into the AiRWA Exchange.

Ex-Dividend Stocks

Preferred Bank (Los Angeles, CA) (PFBC) is about to trade ex-dividend tomorrow, meaning that investors who buy the stock after tomorrow will not be eligible for the next dividend payment. The company's next dividend payment will be $0.75 per share. It has fixed October 07 as the record date for the same and will pay the actual dividend on October 21. Last year, the company distributed a total of $2.95 to its shareholders. Based on the last year's worth of payments, PFBC has a trailing yield of 3.25% on the current stock price of $90.75.

Another stock that is shelling out dividends Wednesday is Gentex Corp (GNTX), having a market capitalization of $6.04B. It will pay a dividend of $0.12 per share, the payment date of which is October 22. Currently, the stock is trading at a trailing dividend yield of 1.74%.

Shares of Interdigital Inc (IDCC) will be the talk of the stock market on Wednesday as the stock will turn ex-dividend. The company's next dividend payment will be $0.7 per share, and in the last 12 months, it paid a total of $2.10 per share. Last year's total dividend payments show that IDCC has a trailing yield of 0.62% on the current share price of $340.62.

Millicom International Cellular S.A (TIGO) is also set to go ex-dividend Wednesday. The next dividend payment from TIGO will amount to $2 per share. April 08 has been designated as the record date for this dividend, with the actual payout scheduled for April 15. In the previous year, TIGO distributed a total of $2.50 to its valued shareholders. Considering the cumulative dividend payments from last year, the trailing yield for TIGO stands at 5.17% based on the current stock price of $48.39.

Waterstone Financial Inc (WSBF) will be paying out a dividend of $0.15 per share to shareholders holding their shares as of the close of business hours on the record date of October 08. Over the past 12 months, WSBF has paid out a total of $0.60 per share in dividends. Based on the total dividends paid out last year, WSBF boasts an impressive trailing yield of 3.92% on the current share price of $15.32.

Crypto Market Highlights

• A7A5, a Russian ruble-backed stablecoin launched in Kyrgyzstan, has become the world’s largest non-US dollar stablecoin, despite facing multiple sanctions.

• MicroStrategy co-founder Michael Saylor announced a $3.9 billion fair value gain on the company’s Bitcoin holdings during Q3.

• Grayscale has launched staking for its crypto ETPs, becoming the first US-based crypto fund issuer to offer passive income through staking.

• Crypto investment products saw a record $5.95 billion in inflows last week, driven by a rally amid the US government shutdown.

• Vietnam’s Ministry of Finance revealed that no companies have applied for the country’s five-year digital asset trading pilot, despite rising global interest.

Most Shorted Stocks

Novavax, Inc (NVAX) was one of the most shorted stocks as of the latest short interest figures, with 27.53% short interest. The days to cover ratio, a measure of how long it would take for all the short positions to be covered based on average trading volume, is 7.1. This represents a change of 850000 shares, which corresponds to a +1.94% increase in short interest. The total value of the shares held short is estimated to be around $422.6 million. The average daily volume stands at 6.29M shares, and the market capitalization of the company is $1.53B.

The Medical Properties Trust Inc with the symbol MPW currently has a short interest of 33.29%. The short interest has changed by -1260000 shares. The days to cover ratio stands at 17.5. The estimated value of the shares held short is approximately $919.22 million. On an average day, 9.25M shares are traded, with the company's market capitalization totaling $3.35B.

For the stock Coherus Oncology Inc (CHRS), the current short interest is at 27.42%. This represents a significant short interest change of -60000 shares, corresponding to a short interest percentage decrease of -0.19%. The days needed to cover the short positions amount to 23.4. The approximate worth of the shares held short is $55.45 million.

With the symbol VSTM, the stock currently has a short interest of 29.46%. The short interest change is 860000 shares, compared with a short interest percentage change of +5.39%. It would take approximately 6.4 days to cover all the short positions. The shares' short value is estimated to be around $278.86 million. The company boasts an average daily volume of 2.42M shares, contributing to a market capitalization of $538.60M.

The stock AI has a current short interest of 27.31%. The short interest percentage has experienced an increase of +10.28% while there was a change of 3510000 shares in short interest. The ratio indicating the time required to cover short positions is 4.2. The calculated worth of the shorted shares amounts to around $325.97 million. Trading activity averages at 9.33M shares per day, while the company's market capitalization stands at $2.67B.

Upcoming IPOs

Alliance Laundry Holdings Inc. (ALH) will be entering the market with its IPO on October 09, on the NYSE exchange. They are offering shares in the price range of $19.00 to $22.00. They plan to offer 34,146,340 shares, targeting a deal size of $700.00M.

Phoenix Education Partners, Inc. (PXED) is also scheduled to make its debut on the NYSE exchange on October 09. They are offering shares in the price range of $31.00 to $33.00. The IPO includes 4,250,000 shares, aiming for a deal size of $136.00M.

HW Electro Co., Ltd. (HWEP) is set to join the NASDAQ on October 16. The shares will be offered at a fixed price of $4.00 per share. They are offering 4,150,000 shares, with an estimated deal size of $16.60M.

That's it for today. Thanks for reading. Good luck out there!

Best Regards,

Stocks Telegraph Team

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