Midday Movers: Hot IPOs Ahead & $10 Stocks on the Move

U.S. markets edged higher on Monday even after the U.S. launched strikes on Iranian nuclear sites over the weekend, escalating Israel’s war with Iran. The Dow rose 37.8 points, the Nasdaq gained 96.01 points, and the S&P 500 added 15.32 points by midday. Most S&P 500 sectors traded positively, led by Consumer Cyclical. Surprisingly, oil prices dipped despite rising tensions, with U.S. crude slipping over 1%.

Investors appeared reassured by restrained oil movement and dovish comments from Fed Governor Michelle Bowman, who expressed support for a rate cut in July. Her remarks echoed Friday’s similar statement from Governor Christopher Waller. Meanwhile, traders continued monitoring Iran’s potential response, including risks to oil flow through the Strait of Hormuz.

Analysts say markets are pricing in a limited conflict, given Iran’s weakened military and lack of strong allies. While the risk of escalation remains, including a broader war or a shutdown of key oil routes, experts note that strong oil supplies and muted panic are keeping markets stable. Despite geopolitical turmoil and ongoing tariff battles, the U.S. economy shows continued resilience.

Top Movers: Under $10 

Impact BioMedical Inc (IBO) is up 431.62% today to trade at the current level of $1.89 after the announcement of a strategic merger between Dr. Ashleys Limited and Impact BioMedical Inc.

So-Young International Inc ADR (SY) zoomed 48.42% in today’s trade to $1.72 after announcing that it is amending the effective date for the previously announced plan for an ADS ratio change.

In current trading, ECD Automotive Design Inc (ECDA) stock is at $0.41 following news that the company secured $500M equity facility to fund a Bitcoin Treasury.

Skye Bioscience Inc (SKYE) rose 36.57% in the early hours of today's trading to move at $2.95. The company launched its “Anatomy of Progress” video series and shared nimacimab (anti-obesity drug) updates presented at the ADA’s 85th Scientific Sessions, held June 20–23, 2025, in Chicago.

In the current trading session, Standard BioTools Inc (LAB) jumped 27.14% to $1.33 after announcing that it has entered into a definitive agreement with Illumina, Inc. (ILMN).

Ex-Dividends Stocks

Bank First Corp (BFC) is about to trade ex-dividend Wednesday, meaning that investors who buy the stock after Wednesday will not be eligible for the next dividend payment. The company's next dividend payment will be $0.45 per share. It has fixed June 25 as the record date for the same and will pay the actual dividend on July 09. Last year, the company distributed a total of $1.60 to its shareholders. Based on last year's worth of payments, BFC has a trailing yield of 1.42% on the current stock price of $112.36.

Another stock that is shelling out dividends Wednesday is Flexsteel Industries, Inc (FLXS), having a market capitalization of $182.35M. It will pay a dividend of $0.2 per share, the payment date of which is July 07. Currently, the stock is trading at a trailing dividend yield of 1.91%.

Shares of NXP Semiconductors NV (NXPI) will be the talk of the stock market on Wednesday as the stock will turn ex-dividend. The company's next dividend payment will be $1.01 per share, and in the last 12 months, it paid a total of $4.06 per share. Last year's total dividend payments show that NXPI has a trailing yield of 1.93% on the current share price of $208.79.

Seagate Technology Holdings Plc (STX) is also set to go ex-dividend Wednesday. The next dividend payment from STX will amount to $0.72 per share. June 25 has been designated as the record date for this dividend, with the actual payout scheduled for July 08. In the previous year, STX distributed a total of $2.84 to its valued shareholders. Considering the cumulative dividend payments from last year, the trailing yield for STX stands at 2.14% based on the current stock price of $132.21.

Golden Entertainment Inc (GDEN) will be paying out a dividend of $0.25 per share to shareholders holding their shares as of the close of the business hours on the record date of June 25. Over the past 12 months, GDEN has paid out a total of $1.00 per share in dividends. Based on the total dividends paid out last year, GDEN boasts an impressive trailing yield of 3.42% on the current share price of $29.03.

Crypto Market Highlights

• Veda raises $18 million to boost adoption of its vault platform for cross-chain yield products, including yield-bearing stablecoins.

• Canaan completes pilot ASIC production in the U.S. and exits the AI hardware market.

• Long-term Bitcoin holder earns nearly $30 million profit after holding BTC for over a decade.

• Michael Saylor’s Strategy reveals new Bitcoin purchases amid price dip triggered by geopolitical tensions.

• OKX considers a U.S. public listing following its relaunch in the American market.

Most Shorted Stocks

VCI Global Ltd (VCIG) was one of the most shorted stocks as of the latest short interest figures, with 30.85% 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 0.9. This represents a change of 647400 shares, which corresponds to a +337.54% increase in short interest. The total value of the shares held short is estimated to be around $826.96 billion. The average daily volume stands at 985.41K shares, and the market capitalization of the company is $6.61M.

The Apellis Pharmaceuticals Inc with the symbol APLS currently has a short interest of 21.59%. The short interest has changed by -2220000 shares. The days to cover ratio stands at 9.7. The estimated value of the shares held short is approximately $66.08 trillion. On an average day, 2.64M shares are traded, with the company's market capitalization totaling $2.21B.

For the stock Ready Capital Corp (RC), the current short interest is at 20.09%. This represents a significant short interest change of 2570000 shares, corresponding to a short interest percentage increase of +8.31%. The days needed to cover the short positions amount to 12.8. The approximate worth of the shares held short is $85.73 trillion.

With the symbol LQDA, the stock currently has a short interest of 28.04%. The short interest change is 3090000 shares, compared with a short interest percentage change of +22.89%. It would take approximately 9.8 days to cover all the short positions. The shares' short value is estimated to be around $62.96 trillion. The company boasts an average daily volume of 1.88M shares, contributing to a market capitalization of $1.12B.

The stock TRUP has a current short interest of 27.03%. The short interest percentage has experienced a decrease of -5.98% while there was a change of -520000 shares in short interest. The ratio indicating the time required to cover short positions is 14.0. The calculated worth of the shorted shares amounts to around $9.44 trillion. Trading activity averages at 569.11K shares per day, while the company's market capitalization stands at $2.40B.

Upcoming IPOs

Kandal M Venture Limited (FMFC) will be entering the market with its IPO on June 24, on the NASDAQ exchange. They are offering shares in the price range of $4.00 to $5.00. They plan to offer 2,000,000 shares, targeting a deal size of $9.00M.

Jefferson Capital, Inc. (JCAP) is also scheduled to make its debut on the NASDAQ exchange on June 26. They are offering shares in the price range of $15.00 to $17.00. The IPO includes 10,000,000 shares, aiming for a deal size of $160.00M.

CapsoVision, Inc. (CV) is set to join the NASDAQ on July 01. They are offering shares in the price range of $5.00 to $5.50. They are offering 5,250,000 shares, with an estimated deal size of $27.56M.

That's it for today. Thanks for reading. Good luck out there!

Best Regards,

Stocks Telegraph Team

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