Biotech Breakout Alert: $10 Risers Making Waves

The S&P 500 ticked higher on Thursday, led by a strong post-earnings rally in Nvidia shares. However, broader gains were limited as investors weighed the implications of a federal court’s decision to strike down President Trump’s “reciprocal” tariffs.

As of 11:09 AM ET, the Dow was up 44.73 points, or 0.1062%, at $42,143.43. The Nasdaq Composite added 137.06 points, or 0.64%, at $21,455.22. The S&P 500 rose 29.83 points, or 0.51%, at $5,918.38. Among the 11 major S&P 500 sectors, 9 showed negative movement, with Utilities leading the way with a -2.05% decrease.

Markets are rebounding from a muted session on Wednesday, with all major indexes on track to close both the week and month in positive territory. The S&P 500 is up 1.7% for the week, while the Dow has gained 1.2%. The Nasdaq continues to lead with a more than 2% weekly gain.

Month-to-date, the S&P 500 has climbed 6%, the Dow has added 3.5%, and the Nasdaq has surged nearly 10%, driven by strength in tech and optimism surrounding artificial intelligence.

Top Movers: Under $10 

Streamline Health Solutions, Inc (STRM) is up 121.40% today to trade at the current level of $5.07. This comes as the company entered into a definitive merger agreement to acquire Streamline.

Alzamend Neuro Inc (ALZN) zoomed 89.16% in today’s trade to $6.28. This rally can be attributed to news of dosing of the first patient in its first Phase II clinical study of AL001, in healthy humans.

In current trading, Healthcare Triangle Inc (HCTI) stock is at $0.01 following news of approximately $1.0 million of new multi-year strategic contracts wins.

Zeo Energy Corp (ZEO) rose 81.01% in the early hours of today's trading to move at $2.86. The strong performance of ZEO stock came as investors were encouraged by the company’s entry into a definitive agreement and plan of merger acquiring Heliogen Inc.

In the current trading session, Webus International Ltd (WETO) jumped 80.10% to $3.53 over a previous close of $1.96 after announcing two complementary strategic developments, advancing towards a seamless, borderless travel ecosystem.

Ex-Dividends Stocks

Kinsale Capital Group Inc (KNSL) 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 $0.17 per share. It has fixed May 29 as the record date for the same and will pay the actual dividend on June 12. Last year, the company distributed a total of $0.64 to its shareholders. Based on the last year's worth of payments, KNSL has a trailing yield of 0.14% on the current stock price of $469.70.

Another stock that is shelling out dividends tomorrow is Tyson Foods, Inc (TSN), having a market capitalization of $19.41B. It will pay a dividend of $0.5 per share, the payment date of which is September 12. Currently, the stock is trading at a trailing dividend yield of 3.56%.

Shares of Interactive Brokers Group Inc (IBKR) will be the talk of stock market on Friday as the stock will turn ex-dividend. The company's next dividend payment will be $0.32 per share, and in the last 12 months, it paid a total of $1.00 per share. Last year's total dividend payments show that IBKR has a trailing yield of 0.48% on the current share price of $208.90.

Scorpio Tankers Inc (STNG) is also set to go ex-dividend tomorrow. The next dividend payment from STNG will amount to $0.4 per share. May 30 has been designated as the record date for this dividend, with the actual payout scheduled for June 16. In the previous year, STNG distributed a total of $1.60 to its valued shareholders. Considering the cumulative dividend payments from last year, the trailing yield for STNG stands at 4.04% based on the current stock price of $39.65.

Infosys Ltd ADR (INFY) will be paying out a dividend of $0.26 per share to shareholders holding their shares as of the close of the business hours on the record date of May 30. Over the past 12 months, INFY has paid out a total of $0.49 per share in dividends. Based on the total dividends paid out last year, INFY boasts an impressive trailing yield of 2.65% on the current share price of $18.42.

Crypto Market Highlights

•  Ripple-owned prime broker Hidden Road has launched cash-settled OTC crypto swaps for U.S. institutional clients, marking one of the first products since its acquisition.

• The proposed Genius Act, which mandates 1:1 stablecoin backing and regulatory compliance, could strengthen the U.S. dollar’s dominance in Web3, per a Foresight Ventures report.

• A crypto trader turned a $3 million deposit into $27.5 million in just 52 days on Hyperliquid by placing high-leverage, all-long bets during a major market rally.

• The Ethereum Foundation has borrowed $2 million in GHO from Aave, signaling a deeper embrace of DeFi and completing what Aave founder Stani Kulechov calls “the full DeFi circle.”

• Donut Labs has raised $7 million to develop the first “agentic” crypto browser, using AI agents to autonomously execute blockchain tasks like token swaps and yield farming.

 Most Shorted Stocks

Veru Inc (VERU) was one of the most shorted stocks as of latest short interest figures, with 11.62% 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 10.5. This represents a change of -480,000 shares, which corresponds to a -3.21% decrease in short interest. The total value of the shares held short is estimated to be around $7.67 million. The average daily volume stands at 2.08M shares, and the market capitalization of the company is $77.07M.

The Li Auto Inc ADR with the symbol LI currently has a short interest of 3.16%. The short interest has changed by -5,520,000 shares. The days to cover ratio stands at 2.8. The estimated value of the shares held short is approximately $501.47 million. On an average day, 5.60M shares are traded, with the company's market capitalization totaling $24.24B.

For the stock C3.ai Inc (AI), the current short interest is at 24.87%. This represents a significant short interest change of -80,000 shares, corresponding to a short interest percentage decrease of -0.37%. The days needed to cover the short positions amount to 5.1. The approximate worth of the shares held short is $615.58 million.

With the symbol TSM, the stock currently has a short interest of 0.58%. The short interest change is -1,860,000 shares, compared with a short interest percentage change of -5.82%. It would take approximately 1.7 days to cover all the short positions. The shares short value is estimated to be around $4.21 billion. The company boasts an average daily volume of 17.00M shares, contributing to a market capitalization of $1024.53B.

Biotech Stocks to Watch

According to our ST Score evaluation, Argen X SE ADR (ARGX) emerges as a high-quality stock in the Biotech industry, attaining an impressive score of 60. The stock's profitability, performance, and financial strength are strong. Additionally, it is neutral in terms of growth, stock sentiment, Piotroski Score, and forecast.

Our ST Score also classifies Protagonist Therapeutics Inc (PTGX) as a high-quality Biotech stock today, presenting a Score of 66. The stock has strong fundamentals in terms of profitability, performance, financial strength, and Piotroski Score. The growth, stock sentiment, and forecast are neutral.

Another stock in the category, Catalyst Pharmaceuticals Inc (CPRX) has the ST Score of 65, which means that the stock carries the potential for higher returns. The stock is strong in profitability, performance, financial strength, and Piotroski Score but weak in growth. Stock sentiment, and forecast suggest a neutral outlook.

Biocryst Pharmaceuticals Inc (BCRX) stock has the ST Score of 63 which implies that the Biotech company has a high probability of beating the market. The stock's strengths lie in its profitability, performance, and growth. However, it shows a neutral outlook in financial strength, stock sentiment, Piotroski Score, and forecast.

CorMedix Inc (CRMD) currently has the ST Score of 63, which signifies a huge upward potential. The Biotech stock's strong points are its profitability, performance, growth, and financial strength. The stock's stock sentiment, Piotroski Score, and forecast indicate a neutral outlook.

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

Best Regards,

Stocks Telegraph Team

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