Inside Today's Trade: Top AI Stocks, Dividends & Short Interests!

Wednesday witnessed stocks hovering near stability, presenting a challenge for Wall Street to extend its triumphant streak of three days.

As of 11:31 AM ET, the Dow was up +38.56 points, or +0.11%, at 34891.23. The Nasdaq Composite added +53.61 points, or +0.38%, at 13997.37. The S&P 500 rose +12.98 points, or +0.29%, at 4510.61. Among the 11 major S&P 500 sectors, 8 showed positive movement, with Technology leading the way with a 0.62% increase.

Notably, Insulet's CEO, James Hollingshead, raising his personal stake by 19.4%, boosted the S&P 500. Conversely, Hewlett-Packard saw an 8% decline due to reported quarterly results that included a revenue shortfall.

Traders grappled with disappointing payroll data as ADP reported a meager 177,000 private-sector job additions in August, significantly below July's revised 371,000.

This also fell short of Dow Jones' projection of 200,000. Simultaneously, the annual gross domestic product growth outlook underwent a downward revision from 2.4% to 2.1%.

Elsewhere, the three prominent indices are still on track for August losses with merely two trading days remaining. The Nasdaq Composite is set to conclude August with a 2.8% dip, while the Dow and S&P 500 are both poised for around 2% declines.

Top Movers: Under $10

NanoVibronix Inc. (NAOV) is up 153.79% today to trade at the current level of $3.68 propelled by the announcement of encouraging results from a University of Southampton study on UroShield®, showcasing a promising stride forward.

Tingo Group Inc. (TIO) zoomed 43.58% in today’s trade to $1.22 following the announcement of the successful conclusion of the investigation into allegations made by Hindenburg Research.

In current trading, iCoreConnect Inc. Common stock (ICCT) stock is at $7.62 subsequent to sharing a trading update following the completion of its business merger with FG Merger Corp. (Nasdaq: FGMC).

Conn's Inc. (CONN) rose 22.48% in the early hours of today's trading to move at $4.25 after announcing its financial results for the second quarter of fiscal year 2024.

In the current trading session, AEON Biopharma Inc. (AEON) jumped 27.11% to $5.11 over a previous close of $4.02 after the unveiling of encouraging results from a Phase 2 clinical trial of ABP-450 (prabotulinumtoxinA) for Cervical Dystonia, presented at the International Parkinson and Movement Disorders Society Congress®.

Ex-Dividends Stocks

Bank of America Corporation (BAC) 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 $0.24 per share. The company has fixed September 01 as the record date for the same and will pay the actual dividend on September 29. Last year, the company distributed a total of $0.96 to its shareholders. Based on the last year's worth of payments, BAC has a trailing yield of 3.29% on the current stock price of $29.20.

Another stock that is shelling out dividends tomorrow is Arthur J. Gallagher & Co. (AJG), having a market capitalization of $49.36B. It will pay a dividend of $0.55 per share, the payment date of which is September 15. Currently, the stock is trading at a trailing dividend yield of 0.95%.

Shares of Agnico Eagle Mines Limited (AEM) will be the talk of stock market on Thursday as the stock will turn ex-dividend. The company's next dividend payment will be $0.4 per share, and in the last 12 months, the company paid a total of $1.60 per share. Last year's total dividend payments show that AEM has a trailing yield of 3.23% on the current share price of $49.60.

Ball Corporation (BALL) is also set to go ex-dividend tomorrow. The next dividend payment from BALL will amount to $0.2 per share. September 01 has been designated as the record date for this dividend, with the actual payout scheduled for September 15. In the previous year, BALL distributed a total of $0.80 to its valued shareholders. Considering the cumulative dividend payments from last year, the trailing yield for BALL stands at 1.49% based on the current stock price of $53.84.

BorgWarner Inc. (BWA) will be paying out a dividend of $0.11 per share to shareholders holding their shares as of the close of the business hours on the record date of September 01. Over the past 12 months, BWA has paid out a total of $0.44 per share in dividends. Based on the total dividends paid out last year, BWA boasts an impressive trailing yield of 1.08% on the current share price of $40.90.

Crypto Market Highlights

Most Shorted Stocks

Callon Petroleum Company (CPE) was one of the most shorted stocks as of latest short interest figures, with 25.11% 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 8.4. This represents a change of 860000 shares, which corresponds to a +6.98%% increase in short interest. The total value of the shares held short is estimated to be around $509.14 million. The average daily volume stands at 1.58M shares, and the market capitalization of the company is $2.57B.

The ProKidney Corp. with the symbol PROK currently has a short interest of 37.57%. The short interest has changed by 40000 shares. The days to cover ratio stands at 18.8. The estimated value of the shares held short is approximately $56.49 million. On an average day, 353.29K shares are traded, with the company's market capitalization totaling $2.18B.

For the stock Allogene Therapeutics Inc. (ALLO), the current short interest is at 30.89%. This represents a significant short interest change of -5140000 shares, corresponding to a short interest percentage decrease of -13.56%%. The days needed to cover the short positions amount to 12.5. The approximate worth of the shares held short is $127.15 million.

The stock DM has a current short interest of 30.25%. The short interest percentage has experienced decrease of -0.28%% while there was a change of -190000 shares in short interest. The ratio indicating the time required to cover short positions is 20.7. The calculated worth of the shorted shares amounts to around $42.96 million. Trading activity averages at 2.69M shares per day, while the company's market capitalization stands at $516.62M.

AI Stocks to Watch

According to our ST Score evaluation, Splunk Inc. (SPLK) emerges as a high-quality stock in the AI industry, attaining an impressive score of 54.0. The stock's growth, and stock sentiment are strong. Additionally, it is neutral in terms of value, profitability, performance, financial strength, Piotroski Score, and forecast.

Our ST Score also classifies SAP SE (SAP) as a high-quality AI stock today, presenting a Score of 54.0. The stock has strong fundamentals in terms of profitability, performance, and stock sentiment. However, it has weak value, growth, and financial strength. The Piotroski Score, and forecast are neutral.

Another stock in the category, AdTheorent Holding Company Inc. (ADTH) has the ST Score of 53.0, which means that the stock carries the potential for higher returns. The stock is strong in valuation, profitability, financial strength, and stock sentiment but weak in performance, and growth. Piotroski score, and forecast suggest a neutral outlook.

Palo Alto Networks Inc. (PANW) stock has the ST Score of 53.0 which implies that the AI company has a high probability of beating the market. The stock's strengths lie in its profitability, performance, and growth, but its weaknesses are in its value, and financial strength. However, it shows neutral outlook in stock sentiment, Piotroski Score, and forecast.

Verisk Analytics Inc. (VRSK) currently has the ST Score of 53.0, which signifies a huge upward potential. The AI stock's strong points are its profitability, performance, and stock sentiment, while its weak points are its value, and financial strength. The stock's growth, Piotroski Score, and forecast indicate a neutral outlook.