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Investor Alert: Biotech Stocks Taking Off & $10 Bargains
Stocks Telegraph Team
March 20, 2025
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Good Evening Traders!
The S&P 500 rose on Thursday, fueled by strong housing data that helped alleviate concerns about the U.S. economy slipping into a recession.
As of 11:39 AM ET, the Dow was up 165.57 points, or 0.39455%, at $42130.2. The Nasdaq Composite added 44.528 points, or 0.22561%, at $19781.19. The S&P 500 rose 13.39 points, or 0.23594%, at $5688.68. Among the 11 major S&P 500 sectors, 11 showed positive movement, with Communication Services leading the way with a 2.76% increase.
New economic reports released Thursday suggested that fears of an economic downturn may be overstated. According to the National Association of Realtors, sales of previously owned homes in February increased by 4.2% from January, surpassing the expected 3% decline. Additionally, jobless claims saw only a modest rise last week, with layoffs remaining at low levels.
The S&P 500, which briefly dipped into correction territory last week, is currently more than 7% below its record high and has fallen nearly 7% over the past month.
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Top Movers: Under $10
Plus Therapeutics Inc (PSTV) is up 80.86% today to trade at the current level of $0.92. This comes after the company announced that the U.S. Food and Drug Administration (FDA) has conditionally accepted the Companyβs new proprietary name, REYOBIQβ’, for its lead therapeutic candidate.
Windtree Therapeutics Inc (WINT) zoomed 66.87% in todayβs trade to $2.82 after announcing that it has entered into a License and Supply Agreement to become the sourcing partner for Evofem Biosciences, Inc. (EVFM).
In current trading, OptiNose Inc (OPTN) stock is at $9.28 after reporting that it has entered into a definitive agreement to be acquired by Paratek Pharmaceuticals, subject to shareholder and other customary closing conditions.
Aeva Technologies Inc (AEVA) rose 36.66% in the early hours of today's trading to move at $4.25 after announcing its fourth quarter and full year 2024 results.
In the current trading session, Snow Lake Resources Ltd (LITM) jumped 21.18% to $0.60 over a previous close of $0.49 after announcing that its 50/50 joint venture with Global Uranium and Enrichment Limited (GUE) to acquire the Pine Ridge Uranium Project in Wyoming, along with Snow Lake's 19.99% investment in GUE's A$10 million equity placement, is moving towards completion.
π Open AI reached a valuation of $340 billion this year, all on the back of your data.
The big data gold rush is here, but profits have been hoarded by AI and tech giants... Until now.
Instead of just collecting data, Mode Mobile is sharing the profits from it, all by turning your smartphone into an income-generating asset. Here's what that looks like:
β’ Paid over $325M to over $45M users.
β’ Generated 32,481% revenue growth.
β’ Previously ranked #1 fastest-growing software company by Deloitte.
π² Their EarnPhone could be the biggest disruption to smartphones since the iPhone, and they're gearing up for a potential IPO on the Nasdaq (ticker: $MODE).
But the real opportunity is now, and you can still invest in Mode's pre-IPO offering at just $0.26/share.
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Ex-Dividends Stocks
Golden Entertainment Inc (GDEN) 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 $0.25 per share. It has fixed March 21 as the record date for the same and will pay the actual dividend on April 02. Last year, the company distributed a total of $1.00 to its shareholders. Based on the last year's worth of payments, GDEN has a trailing yield of 3.52% on the current stock price of $28.43.
Shares of Hewlett Packard Enterprise Co (HPE) 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 $0.13 per share, and in the last 12 months, it paid a total of $0.52 per share. Last year's total dividend payments show that HPE has a trailing yield of 3.16% on the current share price of $16.43.
Kohl's Corp (KSS) is also set to go ex-dividend tomorrow. The next dividend payment from KSS will amount to $0.12 per share. March 21 has been designated as the record date for this dividend, with the actual payout scheduled for April 02. In the previous year, KSS distributed a total of $2.00 to its valued shareholders. Considering the cumulative dividend payments from last year, the trailing yield for KSS stands at 23.08% based on the current stock price of $8.66.
Vitesse Energy Inc (VTS) will be paying out a dividend of $0.56 per share to shareholders holding their shares as of the close of the business hours on the record date of March 21. Over the past 12 months, VTS has paid out a total of $2.08 per share in dividends. Based on the total dividends paid out last year, VTS boasts an impressive trailing yield of 8.59% on the current share price of $24.17.
π Open AI reached a valuation of $340 billion this year, all on the back of your data.
The big data gold rush is here, but profits have been hoarded by AI and tech giants... Until now.
Instead of just collecting data, Mode Mobile is sharing the profits from it, all by turning your smartphone into an income-generating asset. Here's what that looks like:
β’ Paid over $325M to over $45M users.
β’ Generated 32,481% revenue growth.
β’ Previously ranked #1 fastest-growing software company by Deloitte.
π² Their EarnPhone could be the biggest disruption to smartphones since the iPhone, and they're gearing up for a potential IPO on the Nasdaq (ticker: $MODE).
But the real opportunity is now, and you can still invest in Mode's pre-IPO offering at just $0.26/share.
Earn up to 100% bonus shares by investing in Mode now.
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Crypto Market Highlights
US President Donald Trump is aligning his administration with the crypto industry, addressing a community conference for the first time since being elected on March 20.
XDAO, a protocol based on The Open Network (TON), has helped over 367,000 decentralized autonomous organizations (DAOs) achieve legal status through its initiative for automating legal recognition.
Legal activists in Russia are pushing to create a potential crypto fund as cryptocurrency reserves continue to gain adoption in countries like the United States.
The crypto industry is set to launch the first Solana futures exchange-traded fund (ETF), which could lead to the first Solana spot ETF as the βnext logical stepβ for crypto-based trading products.
Tether, the $143 billion stablecoin, became the worldβs seventh-largest buyer of United States Treasurys, surpassing some of the worldβs largest countries.
Most Shorted Stocks
ChargePoint Holdings Inc (CHPT) was one of the most shorted stocks as of latest short interest figures, with 32.54% 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 4.9. This represents a change of 8850000 shares, which corresponds to a +7.31% increase in short interest. The total value of the shares held short is estimated to be around $92.25 million. The average daily volume stands at 26.98M shares, and the market capitalization of the company is $313.00M.
The AnaptysBio Inc with the symbol ANAB currently has a short interest of 44.76%. The short interest has changed by -280000 shares. The days to cover ratio stands at 9.3. The estimated value of the shares held short is approximately $151.43 million. On an average day, 960.20K shares are traded, with the company's market capitalization totaling $514.36M.
For the stock Virgin Galactic Holdings Inc (SPCE), the current short interest is at 31.77%. This represents a significant short interest change of 910000 shares, corresponding to a short interest percentage increase of +9.27%%. The days needed to cover the short positions amount to 6.0 Days to Cover. The approximate worth of the shares held short is $47.53 million.
With the symbol GES, the stock currently has a short interest of 31.01%. The short interest change is 680000 shares, compared with a short interest percentage change of +7.83%%. It would take approximately 7.6 days to cover all the short positions. The shares short value is estimated to be around $131.23 million. The company boasts an average daily volume of 1.40M shares, contributing to a market capitalization of $629.32M.
The stock EOSE has a current short interest of 31.94%. The short interest percentage has experienced an increase of +4.81%% while there was a change of 3070000 shares in short interest. The ratio indicating the time required to cover short positions is 8.1. The calculated worth of the shorted shares amounts to around $42.78 million. Trading activity averages at 7.60M shares per day, while the company's market capitalization stands at $1.03B.
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Biotech Stocks to Watch
According to our ST Score evaluation, Heron Therapeutics Inc (HRTX) emerges as a high-quality stock in the Biotech industry, attaining an impressive score of 63. The stock's profitability, performance, and growth are strong. However, its stock sentiment, Piotroski Score, and forecast are weak. Additionally, it is neutral in terms of financial strength.
Our ST Score also classifies PharmaCyte Biotech Inc (PMCB) as a high-quality Biotech stock today, presenting a Score of 63. The stock has strong fundamentals in terms of profitability, and financial strength. The performance, growth, stock sentiment, Piotroski Score, and forecast are neutral.
Another stock in the category, PTC Therapeutics Inc (PTCT) has the ST Score of 62, which means that the stock carries the potential for higher returns. The stock is strong in profitability and performance. Growth, financial strength, stock sentiment, piotroski score, and forecast suggest a neutral outlook.
TG Therapeutics Inc (TGTX) stock has the ST Score of 62 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.
Catalyst Pharmaceuticals Inc (CPRX) currently has the ST Score of 61, which signifies a huge upward potential. The Biotech stock's strong points are its profitability, performance, financial strength, and Piotroski Score, while its weak points are its growth. The stock's 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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