Biotech Risers: Hidden $10 Plays Breaking Out Now

U.S. stocks were little changed Wednesday as Wall Street paused after a strong rebound rally, digesting softer-than-expected inflation data and a preliminary U.S.-China trade deal outline.

As of 11:38 AM ET, the Dow was up 170.42 points, or 0.3976%, at $43037.3. The Nasdaq Composite added 59.76 points, or 0.27%, at $22001.68. The S&P 500 rose 12.43 points, or 0.21%, at $6051.24. Among the 11 major S&P 500 sectors, 7 showed negative movement, with Materials leading the way with a -0.87% decrease.

Officials from both countries reached a consensus during talks in London, with the framework including China’s approval to export rare earth minerals and the U.S. easing restrictions on advanced tech sales to China.

President Trump took to Truth Social to announce that the deal is “done, subject to final approval with President Xi and me,” claiming the U.S. would retain 55% in tariffs while China gets 10%.

Trade policy developments remain a central concern for investors. While both nations agreed in May to temporarily lower high tariffs, a finalized agreement has yet to be signed.

Top Movers: Under $10 

Nuwellis Inc (NUWE) is up 104.95% today to trade at the current level of $0.48. This comes after the company announced the closing of a $5.0 million underwritten public offering, including full exercise of the overallotment option.

Kazia Therapeutics Limited ADR (KZIA) zoomed 97.90% in today’s trade to $10.40 after reporting new research showing its drug paxalisib may help treat aggressive triple-negative breast cancer.

In current trading, Helius Medical Technologies Inc (HSDT) stock is at $1.43 after announcing authorized claim for payment by major healthcare payer for its portable Neuromodulation Stimulator (PoNS) Device.

XTI Aerospace Inc (XTIA) rose 51.15% in the early hours of today's trading to move at $4.61. The company named Stephen (Steve) Griessel, former Group CEO of Paramount Group Ltd., to its Corporate Advisory Board.

In the current trading session, Vaxart Inc (VXRT) jumped 29.55% to $0.51 over a previous close of $0.39 after reporting positive topline results from the Phase 1 clinical trial evaluating its second-generation oral pill norovirus vaccine constructs head-to-head against its first-generation constructs.

Ex-Dividends Stocks

Ares Capital Corp (ARCC) is about to trade ex-dividend Friday, meaning that investors who buy the stock after Friday will not be eligible for the next dividend payment. The company's next dividend payment will be $0.48 per share. It has fixed June 13 as the record date for the same and will pay the actual dividend on June 30. Last year, the company distributed a total of $1.92 to its shareholders. Based on last year's worth of payments, ARCC has a trailing yield of 8.51% on the current stock price of $22.56.

Another stock that is shelling out dividends Friday is Pathward Financial Inc (CASH), having a market capitalization of $1.85B. It will pay a dividend of $0.05 per share, the payment date of which is July 01. Currently, the stock is trading at a trailing dividend yield of 0.26%.

Shares of Crown Crafts, Inc (CRWS) will be the talk of the stock market on Friday as the stock will turn ex-dividend. The company's next dividend payment will be $0.08 per share, and in the last 12 months, it paid a total of $0.32 per share. Last year's total dividend payments show that CRWS has a trailing yield of 10.25% on the current share price of $3.12.

Dominos Pizza Inc (DPZ) is also set to go ex-dividend tomorrow. The next dividend payment from DPZ will amount to $1.74 per share. June 13 has been designated as the record date for this dividend, with the actual payout scheduled for June 30. In the previous year, DPZ distributed a total of $6.27 to its valued shareholders. Considering the cumulative dividend payments from last year, the trailing yield for DPZ stands at 1.38% based on the current stock price of $454.15.

Gilead Sciences, Inc (GILD) will be paying out a dividend of $0.79 per share to shareholders holding their shares as of the close of the business hours on the record date of June 13. Over the past 12 months, GILD has paid out a total of $3.10 per share in dividends. Based on the total dividends paid out last year, GILD boasts an impressive trailing yield of 2.81% on the current share price of $110.47.

Crypto Market Highlights

• Bitcoin nears new high amid renewed optimism over a finalized U.S.-China trade deal.

• Connecticut lawmakers ban state and local agencies from accepting crypto payments or holding digital assets.

• Polygon Foundation appoints co-founder Sandeep Nailwal as CEO, marking a shift from decentralized governance.

• Crypto exchange MEXC launches a $100 million user protection fund to safeguard users against platform breaches and failures.

• Ukraine proposes new bill allowing its central bank to hold cryptocurrencies like Bitcoin in national reserves.

 Most Shorted Stocks

Ocugen Inc (OCGN) was one of the most shorted stocks as of the latest short interest figures, with 24.96% 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 17.0. This represents a change of 1370000 shares, which corresponds to a +2.01% increase in short interest. The total value of the shares held short is estimated to be around $82.82 million. The average daily volume stands at 4.33M shares, and the market capitalization of the company is $347.52M.

The Riot Platforms Inc with the symbol RIOT currently has a short interest of 26.51%. The short interest has changed by 1350000 shares. The days to cover ratio stands at 3.0. The estimated value of the shares held short is approximately $906.3 million. On an average day, 29.69M shares are traded, with the company's market capitalization totaling $3.81B.

For the stock Lemonade Inc (LMND), the current short interest is at 29.06%. This represents a significant short interest change of 100000 shares, corresponding to a short interest percentage increase of +0.59%. The days needed to cover the short positions amount to 8.0. The approximate worth of the shares held short is $713.09 million.

With the symbol YOU, the stock currently has a short interest of 24.90%. The short interest change is 650000 shares, compared with a short interest percentage change of +3.17%. It would take approximately 8.7 days to cover all the short positions. The shares' short value is estimated to be around $440.18 million. The company boasts an average daily volume of 2.04M shares, contributing to a market capitalization of $3.46B.

The stock ETSY has a current short interest of 22.37%. The short interest percentage has experienced an increase of +20.06% while there was a change of 3850000 shares in short interest. The ratio indicating the time required to cover short positions is 5.0. The calculated worth of the shorted shares amounts to around $1.3 billion. Trading activity averages at 5.00M shares per day, while the company's market capitalization stands at $6.40B.

AI Stocks to Watch

According to our ST Score evaluation, Verisk Analytics Inc (VRSK) emerges as a high-quality stock in the AI industry, attaining an impressive score of 59. The stock's profitability, performance, and Piotroski Score are strong. However, its financial strength is weak. Additionally, it is neutral in terms of growth, stock sentiment, and forecast.

Our ST Score also classifies Ansys Inc (ANSS) as a high-quality AI stock today, presenting a Score of 58. The stock has strong fundamentals in terms of profitability, performance, financial strength, and Piotroski Score. However, it has weak growth. The stock sentiment and forecast are neutral.

Another stock in the category, EPAM Systems Inc (EPAM) has the ST Score of 58, which means that the stock carries the potential for higher returns. The stock is strong in profitability, financial strength, and Piotroski Score but weak in performance and growth. Stock sentiment and forecast suggest a neutral outlook.

NICE Ltd ADR (NICE) stock has the ST Score of 58 which implies that the AI company has a high probability of beating the market. The stock's strengths lie in its profitability, performance, and Piotroski Score, but its weaknesses lie in its growth. However, it shows neutral outlook in financial strength, stock sentiment, and forecast.

Palantir Technologies Inc (PLTR) currently has the ST Score of 58, which signifies a huge upward potential. The AI stock's strong points are its profitability, performance, financial strength, and Piotroski Score. The stock's growth, stock sentiment, 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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