Correction: 🙌 Big Stock Moves, Bigger Gains—Get Ready for the Next Wave! 🌊

Stocks surged on Thursday, with the Dow gaining 504 points (1.1%), the S&P 500 rising 0.6%, and the Nasdaq climbing 0.4%. Traders expect the Federal Reserve to cut interest rates next week despite a mixed inflation report. All three indices hit new all-time highs.

The August Consumer Price Index (CPI) rose 0.4% monthly, slightly above expectations, while annual CPI came in at 2.9%, as forecasted. Core CPI also met predictions, increasing 0.3% month-over-month and 3.1% year-over-year. Weekly jobless claims jumped to 263,000, the highest since October 2021, signaling a slowdown in the labor market.

In response to the data, Treasury yields fell, with the 10-year yield dropping to 4%. Traders now expect a 0.25% rate cut by the Fed on Sept. 17. The rally was further boosted by Oracle’s strong cloud growth, adding $244 billion to its market cap and driving optimism for the AI sector.

Top Movers: Under $10 

MOGU Inc ADR (MOGU) is up 110.80% today to trade at the current level of $5.27. This comes after the company announced its board approved a strategic allocation of up to $20 million in corporate assets to digital currencies, mainly Bitcoin, Ethereum, and Solana, along with related securities and investment products..

GRI Bio Inc (GRI) zoomed 42.95% in today’s trade to $2.23 after reporting interim 6-week lung function results from its ongoing Phase 2a study evaluating GRI-0621 for the treatment of Idiopathic Pulmonary Fibrosis.

In current trading, Profusa Inc (PFSA) stock is at $0.45 after announcing the adoption of NVIDIA technology to power an AI-driven insight portal for continuous biochemistry monitoring.

Primega Group Holdings Ltd (ZDAI) rose 38.47% in the early hours of today's trading to move at $0.58. The company announced approval of the name change to "DirectBooking Technology Co., Ltd." at the Extraordinary General Meeting.

In the current trading session, Amesite Inc (AMST) jumped 39.93% to $3.75 over a previous close of $2.68 after announcing 63% revenue growth for its NurseMagic™ platform following the launch of its census-based Enterprise subscription model on July 14, 2025.

Ex-Dividend Stocks

Automatic Data Processing Inc (ADP) 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 $1.54 per share. It has fixed September 12 as the record date for the same and will pay the actual dividend on October 01. Last year, the company distributed a total of $6.02 to its shareholders. Based on the last year's worth of payments, ADP has a trailing yield of 2.05% on the current stock price of $294.36.

Another stock that is shelling out dividends tomorrow is Crown Crafts, Inc (CRWS), having a market capitalization of $31.91M. It will pay a dividend of $0.08 per share, the payment date of which is October 03. Currently, the stock is trading at a trailing dividend yield of 10.60%.

Shares of First Capital Inc (FCAP) 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 $0.31 per share, and in the last 12 months, it paid a total of $1.16 per share. Last year's total dividend payments show that FCAP has a trailing yield of 2.66% on the current share price of $43.6.

Hub Group, Inc (HUBG) is also set to go ex-dividend tomorrow. The next dividend payment from HUBG will amount to $0.12 per share. September 12 has been designated as the record date for this dividend, with the actual payout scheduled for September 24. In the previous year, HUBG distributed a total of $0.50 to its valued shareholders. Considering the cumulative dividend payments from last year, the trailing yield for HUBG stands at 1.36% based on the current stock price of $36.87.

Nasdaq Inc (NDAQ) will be paying out a dividend of $0.27 per share to shareholders holding their shares as of the close of business hours on the record date of September 12. Over the past 12 months, NDAQ has paid out a total of $0.99 per share in dividends. Based on the total dividends paid out last year, NDAQ boasts an impressive trailing yield of 1.03% on the current share price of $95.76.

Crypto Market Highlights

• Switzerland-based 21Shares launches the first fund tied to dYdX, a decentralized exchange specializing in perpetual futures.

• Chinese internet giants, state-owned enterprises, and financial institutions in Hong Kong may face new restrictions on stablecoin and crypto activities.

• Public petition urging the UK to adopt a pro-innovation blockchain and stablecoin strategy gains momentum after Coinbase's support.

• Avalanche Foundation reportedly raising $1 billion to fund digital asset treasury and accumulation projects.

• OpenEden and BitGo join the competition to issue Hyperliquid's native stablecoin USDH, bringing the total number of contenders to eight.

Most Shorted Stocks

Avis Budget Group Inc (CAR) was one of the most shorted stocks as of the latest short interest figures, with 24.31% 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 7.0. This represents a change of 290000 shares, which corresponds to a +3.59% increase in short interest. The total value of the shares held short is estimated to be around $1.31 billion. The average daily volume stands at 1.19M shares, and the market capitalization of the company is $5.49B.

The Riot Platforms Inc with the symbol RIOT currently has a short interest of 22.29%. The short interest has changed by 1330000 shares. The days to cover ratio stands at 1.9. The estimated value of the shares held short is approximately $1.28 billion. On an average day, 40.16M shares are traded, with the company's market capitalization totaling $6.17B.

For the stock Lemonade Inc (LMND), the current short interest is at 28.87%. This represents a significant short interest change of 380000 shares, corresponding to a short interest percentage increase of +2.25%. The days needed to cover the short positions amount to 6.4. The approximate worth of the shares held short is $855.14 million.

With the symbol OPEN, the stock currently has a short interest of 23.22%. The short interest change is 12440000 shares, compared with a short interest percentage change of +8.02%. It would take approximately 0.6 days to cover all the short positions. The shares' short value is estimated to be around $162.27 million. The company boasts an average daily volume of 281.91M shares, contributing to a market capitalization of $6.90B.

The stock NOG has a current short interest of 23.33%. The short interest percentage has experienced an increase of +2.89% while there was a change of 620000 shares in short interest. The ratio indicating the time required to cover short positions is 11.8. The calculated worth of the shorted shares amounts to around $4.27 billion. Trading activity averages at 1.89M shares per day, while the company's market capitalization stands at $2.49B.

Biotech Stocks to Watch

According to our ST Score evaluation, Incyte Corp (INCY) emerges as a high-quality stock in the Biotech industry, attaining an impressive score of 64. The stock's profitability, performance, growth, and Piotroski Score are strong. Additionally, it is neutral in terms of financial strength, stock sentiment, and forecast.

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

Another stock in the category, Stoke Therapeutics Inc (STOK) 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. Growth, stock sentiment, and forecasts suggest a neutral outlook.

Xeris Biopharma Holdings Inc (XERS) stock has the ST Score of 65, 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 neutral outlook in financial strength, stock sentiment, Piotroski Score, and forecast.

CorMedix Inc (CRMD) currently has the ST Score of 64, which signifies a huge upward potential. The Biotech stock's strong points are its profitability, performance, growth, financial strength, and Piotroski Score. The stock's 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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