Biotech Rockets: Under-$10 Stocks in Lift-Off Mode

Stocks edged lower on Thursday after President Donald Trump renewed threats to impose unilateral tariffs on U.S. trading partners within two weeks, injecting fresh uncertainty into an already fragile trade landscape.

As of 11:16 AM ET, the Dow was up 8.28 points, or 0.0193%, at $42,874.06. The Nasdaq Composite added 69.1 points, or 0.32%, at $21,929.9. The S&P 500 rose 18.84 points, or 0.31%, at $6,041.08. Among the 11 major S&P 500 sectors, 11 showed positive movement, with Utilities leading the way with a 2.22% increase.

Wall Street is closely watching developments between the U.S. and China, as negotiations remain a central focus. On Wednesday, Trump suggested he might extend the July 8 deadline for finalizing trade deals to avoid automatic tariff hikes—but added that an extension may not be needed.

Meanwhile, U.S. and Chinese officials concluded two days of talks in London, reaching a tentative framework for further negotiations. The draft deal, which includes easing restrictions on rare earth metals and foreign students, still requires final approval from both Trump and Chinese President Xi Jinping.

With trade policy in flux, investor sentiment remains cautious heading into the second half of the week.

Top Movers: Under $10 

New Era Helium Inc (NEHC) is up 65.94% today to trade at the current level of $0.82. This comes after its joint venture with Sharon AI, Inc., was in active discussions to anchor its planned AI infrastructure buildout in Ector County, Texas.

Polyrizon Ltd (PLRZ) zoomed 47.50% in today’s trade to $1.18. This rally can be attributed to news of encouraging preclinical results from a recent study evaluating its proprietary hydrogel-based Trap & Target (T&T) platform.

In current trading, ReShape Lifesciences Inc (RSLS) stock is at $3.24 following news of an exclusive U.S. distribution agreement with Recon Supply.

CureVac N.V (CVAC) rose 39.07% in the early hours of today's trading to move at $5.66. The strong performance of CVAC stock came as investors were encouraged by the company agreement to be acquired by BioNTech for about $1.25 billion in an all-stock deal.

In the current trading session, Volato Group Inc (SOAR) jumped 28.11% to $2.78 over a previous close of $2.17 as the company entered into a non-binding term sheet to acquire M2i Global.

Ex-Dividends Stocks

C & F Financial Corp (CFFI) 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 $0.46 per share. It has fixed June 13 as the record date for the same and will pay the actual dividend on July 01. Last year, the company distributed a total of $1.78 to its shareholders. Based on the last year's worth of payments, CFFI has a trailing yield of 2.68% on the current stock price of $66.37.

Another stock that is shelling out dividends tomorrow is Adobe Inc (ADBE), having a market capitalization of $176.86B. It will pay a dividend of $0.01 per share, the payment date of which is April 12.

Shares of First Capital Inc (FCAP) will be the talk of stock market on Friday as the stock will turn ex-dividend. The company's next dividend payment will be $0.29 per share, and in the last 12 months, it paid a total of $1.14 per share. Last year's total dividend payments show that FCAP has a trailing yield of 2.42% on the current share price of $47.16.

CuriosityStream Inc (CURI) is also set to go ex-dividend tomorrow. The next dividend payment from CURI will amount to $0.1 per share. June 13 has been designated as the record date for this dividend, with the actual payout scheduled for June 27. In the previous year, CURI distributed a total of $0.17 to its valued shareholders. Considering the cumulative dividend payments from last year, the trailing yield for CURI stands at 3.28% based on the current stock price of $5.18.

First Savings Financial Group Inc (FSFG) will be paying out a dividend of $0.16 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, FSFG has paid out a total of $0.61 per share in dividends. Based on the total dividends paid out last year, FSFG boasts an impressive trailing yield of 2.34% on the current share price of $26.05.

Crypto Market Highlights

• Bitcoin’s institutional adoption gains momentum amid rising global uncertainty, with potential benefits until a U.S.–China trade agreement or a controversial U.S. spending bill is finalized.

• Hong Kong Customs partners with the University of Hong Kong to develop a crypto transaction tracking tool in response to increasing digital asset-linked money laundering cases.

• Chainlink, JPMorgan’s Kinexys, and Ondo Finance complete a pioneering crosschain DvP settlement bridging a permissioned payment network and a public RWA blockchain.

• Mercurity Fintech Holding announces an $800 million Bitcoin treasury financing plan, positioning itself to become the 11th-largest corporate holder of Bitcoin.

• Binance launches full trading access in Syria, offering over 300 tokens following the recent relaxation of U.S. and EU sanctions. 

Most Shorted Stocks

Manulife Financial Corp (MFC) was one of the most shorted stocks as of latest short interest figures, with 2.02% 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 15.1. This represents a change of -24,850,000 shares, which corresponds to a -41.86% decrease in short interest. The total value of the shares held short is estimated to be around $1.11 billion. The average daily volume stands at 2.28M shares, and the market capitalization of the company is $54.91B.

The Spyre Therapeutics Inc with the symbol SYRE currently has a short interest of 23.45%. The short interest has changed by -210,000 shares. The days to cover ratio stands at 19.5. The estimated value of the shares held short is approximately $212.18 million. On an average day, 615.75K shares are traded, with the company's market capitalization totaling $1.06B.

For the stock Enbridge Inc (ENB), the current short interest is at 1.43%. This represents a significant short interest change of -44,120,000 shares, corresponding to a short interest percentage decrease of -58.52%. The days needed to cover the short positions amount to 8.1. The approximate worth of the shares held short is $1.45 billion.

With the symbol BCE, the stock currently has a short interest of 5.56%. The short interest change is -3,530,000 shares, compared with a short interest percentage change of -6.45%. It would take approximately 15.3 days to cover all the short positions. The shares short value is estimated to be around $715.77 million. The company boasts an average daily volume of 3.30M shares, contributing to a market capitalization of $21.10B.

The stock PGEN has a current short interest of 17.06%. The short interest percentage has experienced a decrease of -3.86% while there was a change of -1,110,000 shares in short interest. The ratio indicating the time required to cover short positions is 18.1. The calculated worth of the shorted shares amounts to around $78.27 million. Trading activity averages at 1.53M shares per day, while the company's market capitalization stands at $451.63M.

Biotech Stocks to Watch

According to our ST Score evaluation, Protagonist Therapeutics Inc (PTGX) emerges as a high-quality stock in the Biotech industry, attaining an impressive score of 67. The stock's profitability, performance, financial strength, and Piotroski Score are strong. Additionally, it is neutral in terms of growth, stock sentiment, and forecast.

Our ST Score also classifies Catalyst Pharmaceuticals Inc (CPRX) 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, Amylyx Pharmaceuticals Inc (AMLX) has the ST Score of 63, which means that the stock carries the potential for higher returns. The stock is strong in performance, and financial strength. Profitability, growth, stock sentiment, piotroski score, and forecast suggest a neutral outlook.

CorMedix Inc (CRMD) 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, growth, and financial strength. However, it shows a neutral outlook in stock sentiment, Piotroski Score, and forecast.

Exelixis Inc (EXEL) currently has the ST Score of 58, which signifies a huge upward potential. The Biotech stock's strong points are its profitability, performance, and Piotroski Score, while its weak points are its financial strength. 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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