🚀 Market Comeback COMPLETE — Stocks Hit New Peaks

US stocks pushed further into record territory on Friday morning as easing geopolitical tensions lifted investor sentiment, after Iran confirmed the Strait of Hormuz remains open to commercial traffic.

The S&P 500 rose 1%, the Nasdaq gained 1.2%, and the Dow jumped 1.9%, while oil prices dropped 11% amid reduced supply concerns.

Markets have now fully recovered losses tied to the recent Iran conflict, with additional optimism driven by President Donald Trump’s comments signaling progress toward a potential peace deal.

In corporate news, Netflix shares fell more than 9% despite strong first-quarter results due to a weaker outlook, while Truist Financial and State Street beat expectations, and Fifth Third reported mixed results.

Top Movers: Under $10 

Energy Focus Inc (EFOI) is up 299.05% today to trade at the current level of $8.34. This comes after the company provided an update on progress for major data center projects, Project G and Project Y, highlighting its growing role in next-generation digital infrastructure.

Psyence Biomedical Ltd (PBM) zoomed 47.70% in today’s trade to $8.53 after reporting that the U.S. may further evaluate ibogaine for treating PTSD, addiction, and other neurological conditions.

In current trading, Forum Markets Inc (FRMM) stock is at $2.92 after announcing a series of Board-authorized actions to maximize value for all shareholders.

Beyond Meat Inc (BYND) rose 23.64% in the early hours of today's trading to move at $0.97 after reporting a retail distribution agreement for its protein drinks line Beyond Immerse with New York-based non-alcoholic drinks distributor Big Geyser.

In the current trading session, BioXcel Therapeutics Inc (BTAI) jumped 16.82% to $1.25 over a previous close of $1.07. The company announced that it will host a virtual event on Thursday, April 23, from 2:00 to 3:00 p.m. ET.

Ex-Dividend Stocks

Immersion Corp (IMMR) is about to trade ex-dividend Monday, meaning that investors who buy the stock after Monday will not be eligible for the next dividend payment. The company's next dividend payment will be $0.07 per share. It has fixed April 20 as the record date for the same and will pay the actual dividend on May 01. Last year, the company distributed a total of $0.21 to its shareholders. Based on the last year's worth of payments, IMMR has a trailing yield of 3.41% on the current stock price of $6.15.

Another stock that is shelling out dividends on Tuesday is RMR Group Inc (RMR), having a market capitalization of $531.52M. It will pay a dividend of $0.45 per share, the payment date of which is May 14. Currently, the stock is trading at a trailing dividend yield of 10.86%.

Shares of Seven Hills Realty Trust (SEVN) will be the talk of the stock market on Tuesday as the stock will turn ex-dividend. The company's next dividend payment will be $0.28 per share, and in the last 12 months, it paid a total of $1.18 per share. Last year's total dividend payments show that SEVN has a trailing yield of 13.98% on the current share price of $8.42.

Service Properties Trust (SVC) is also set to go ex-dividend on Tuesday. The next dividend payment from SVC will amount to $0.01 per share. April 21 has been designated as the record date for this dividend, with the actual payout scheduled for May 14. In the previous year, SVC distributed a total of $0.04 to its valued shareholders. Considering the cumulative dividend payments from last year, the trailing yield for SVC stands at 2.90% based on the current stock price of $1.38.

APA Corporation (APA) will be paying out a dividend of $0.25 per share to shareholders holding their shares as of the close of business hours on the record date of April 22. Over the past 12 months, APA has paid out a total of $1.00 per share in dividends. Based on the total dividends paid out last year, APA boasts an impressive trailing yield of 2.64% on the current share price of $37.9.

Crypto Market Highlights

• The Ethereum Foundation reported that its ETH Rangers program uncovered 100 North Korean operatives infiltrating Web3 firms under fake identities during a six-month security initiative launched in late 2024.

• Sanctioned crypto exchange Grinex suspended trading after losing over 1 billion rubles ($13.7 million) in a cyberattack suspected to involve foreign intelligence actors.

• Circle Internet Group is facing a class action lawsuit from a Drift Protocol investor, alleging failure to freeze funds stolen in a $280 million exploit on April 1.

• Josh Stark announced he is leaving the Ethereum Foundation after five years as a researcher and project manager.

• Tether pledged $150 million toward a recovery plan for the Drift Protocol exploit, contributing $127.5 million alongside undisclosed partners.

Most Shorted Stocks

Camping World Holdings Inc (CWH) was one of the most shorted stocks as of latest short interest figures, with 22.30% short interest. The days-to-cover ratio, a measure of how long it would take for all short positions to be covered based on average trading volume, is 4.6. This represents a change of 3,467,364 shares, corresponding to a 30.63% increase in short interest. The total value of the shares held short is estimated to be around $107.51 million. The average daily volume stands at 3.13M shares, and the market capitalization of the company is $748.70M.

The Syndax Pharmaceuticals Inc with the symbol SNDX currently has a short interest of 24.47%. The short interest has changed by 210197 shares. The days to cover ratio stands at 13.6. The estimated value of the shares held short is approximately $492.77 million. On an average day, 1.37M shares are traded, with the company's market capitalization totaling $2.10B.

For the stock Wolfspeed Inc (WOLF), the current short interest is at 24.89%. This represents a significant short interest change of 1663805 shares, corresponding to a short interest percentage increase of 17.40%. The days needed to cover the short positions amount to 7.9. The approximate worth of the shares held short is $297.87 million.

With the symbol CAR, the stock currently has a short interest of 54.14%. The short interest change is 903858 shares, compared with a short interest percentage change of 11.13%. It would take approximately 7.3 days to cover all the short positions. The shares' short value is estimated to be around $5.04 billion. The company boasts an average daily volume of 1.48M shares, contributing to a market capitalization of $15.86B.

Trading under the symbol AVXL, the stock shows a short interest of 23.46%. This reflects a decrease of 1,944,410 shares, marking a -9.17% change in short interest. Based on current trading activity, it would take about 7.0 days to cover all short positions. The total value of shares sold short is estimated at approximately $59.14 million. The company maintains an average daily trading volume of 2,124,154 shares and has a market capitalization of $315.09M.

Energy Stocks to Watch

According to our ST Score evaluation, Theravance Biopharma Inc (TBPH) emerges as a high-quality stock in the Energy industry, attaining an impressive score of 58. 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 AN2 Therapeutics Inc (ANTX) as a high-quality Energy stock today, presenting a Score of 57. The stock has strong fundamentals in terms of performance and financial strength. However, it has weak growth and a Piotroski Score. The profitability, stock sentiment, and forecast are neutral.

Another stock in the category, Crescent Biopharma Inc (CBIO) has the ST Score of 57, which means that the stock carries the potential for higher returns. The stock is strong in performance, financial strength, and Piotroski Score, but weak in profitability, stock sentiment, and forecast. Growth suggests a neutral outlook.

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

Kiniksa Pharmaceuticals International Plc (KNSA) currently has the ST Score of 58, which signifies a huge upward potential. The Energy stock's strong points are its profitability, performance, and Piotroski Score. The stock's growth, financial strength, 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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