Midday Movers: Upcoming IPOs and $10 Stocks You Can’t Miss

Stocks surged on Monday, rebounding from last week’s losses, as chipmakers led the charge. Market sentiment was further bolstered by a Washington Post report suggesting President-elect Donald Trump’s tariff plan will be narrower than expected, targeting only critical imports. During his campaign, Trump had proposed “universal” tariffs as high as 10%-20%.

As of 11:30 AM ET, the Dow was up 301.75 points, or 0.7061%, at $43033.89. The Nasdaq Composite added 362.59 points, or 1.7002%, at $21688.7491. The S&P 500 rose 74.18 points, or 1.2483%, at $6016.64. Among the 11 major S&P 500 sectors, 7 showed positive movement, with Information Technology leading the way with a 1.2% increase.

Ford and General Motors shares climbed 1.8% and 4.2%, respectively, on optimism that a more restrained tariff approach could avoid triggering a global trade war.

Looking ahead, the December jobs report on Friday will provide a key piece of data ahead of the Federal Reserve’s meeting later this month. Investors are also keeping a close eye on the Job Openings and Labor Turnover Survey (JOLTS) due Tuesday and the December ADP Employment Survey set for release on Wednesday.

Top Movers: Under $10

fuboTV Inc (FUBO) is up 190.28% today to trade at the current level of $4.18. This comes after the company announced a definitive agreement with The Walt Disney Company (DIS) for Disney to combine its Hulu + Live TV business with Fubo, forming a combined virtual MVPD company.

Regional Health Properties Inc (RHE) zoomed 163.87% in today’s trade to $4.09 after announcing a definitive agreement and plan of merger with SunLink Health Systems, Inc.

In current trading, GEE Group Inc (JOB) stock is at $0.37 after announcing that, effective January 3, 2025, it has acquired Hornet Staffing , Inc, an Atlanta-based provider of staff augmentation services with national service capability.

SciSparc Ltd (SPRC) rose 140.59% in the early hours of today's trading to move at $1.27. The company announced that, as part of its collaboration with Clearmind Medicine Inc. (CMND), Clearmind has submitted a European patent application for a new combination therapy targeting binge behaviors such as alcohol consumption, eating, smoking, shopping, and sexual conduct.

In the current trading session, Arbe Robotics Ltd (ARBE) jumped 42.63% to $3.75 over a previous close of $2.63 after announcing that in collaboration with NVIDIA, Arbe is enhancing free space mapping and AI-driven capabilities to further advance the automotive industry.

Ex-Dividends Stocks

Dollar General Corp (DG) 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 $0.59 per share. It has fixed January 07 as the record date for the same and will pay the actual dividend on January 21. Last year, the company distributed a total of $2.36 to its shareholders. Based on the last year's worth of payments, DG has a trailing yield of 3.08% on the current stock price of $76.52.

Shares of Landstar System, Inc (LSTR) will be the talk of stock market on Tuesday as the stock will turn ex-dividend. The company's next dividend payment will be $2 per share, and in the last 12 months, it paid a total of $1.38 per share. Last year's total dividend payments show that LSTR has a trailing yield of 0.80% on the current share price of $172.50.

Edison International (EIX) is also set to go ex-dividend tomorrow. The next dividend payment from EIX will amount to $0.83 per share. January 07 has been designated as the record date for this dividend, with the actual payout scheduled for January 31. In the previous year, EIX distributed a total of $2.34 to its valued shareholders. Considering the cumulative dividend payments from last year, the trailing yield for EIX stands at 2.98% based on the current stock price of $78.61.

Erie Indemnity Co (ERIE) will be paying out a dividend of $1.36 per share to shareholders holding their shares as of the close of the business hours on the record date of January 07. Over the past 12 months, ERIE has paid out a total of $5.10 per share in dividends. Based on the total dividends paid out last year, ERIE boasts an impressive trailing yield of 1.23% on the current share price of $414.79.

Crypto Market Highlights

• GSR Markets UK, a subsidiary of the global cryptocurrency trading firm GSR, has received regulatory approval from the UK's Financial Conduct Authority (FCA) to operate as a licensed crypto asset business.

• MicroStrategy, the largest corporate Bitcoin holder, purchased 1,070 BTC for approximately $101 million on Dec. 30–31, 2024, as announced on Jan. 6.

• Europe’s Markets in Crypto-Assets Regulation (MiCA) is seen as a significant advancement for the cryptocurrency industry, despite initial concerns about potential overregulation.

• Mining company MARA (formerly Marathon Digital) lent 7,377 Bitcoin to third parties in 2024, according to a Jan. 3 announcement.

• Coinbase is exploring the possibility of offering tokenized shares of its stock to U.S. users on its Ethereum layer-2 network, Base, as revealed by Base developer Jesse Pollak on X (formerly Twitter).

Most Shorted Stocks

Eos Energy Enterprises Inc (EOSE) was one of the most shorted stocks as of latest short interest figures, with 26.58% 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 7.6. This represents a change of -570000 shares, which corresponds to a -0.97% decrease in short interest. The total value of the shares held short is estimated to be around $340.05 million. The average daily volume stands at 7.98M shares, and the market capitalization of the company is $1.31B.

The Alx Oncology Holdings Inc with the symbol ALXO currently has a short interest of 24.44%. The short interest has changed by 1220000 shares. The days to cover ratio stands at 9.0. The estimated value of the shares held short is approximately $15.19 million. On an average day, 971.60K shares are traded, with the company's market capitalization totaling $110.77M.

For the stock HighPeak Energy Inc (HPK), the current short interest is at 27.42%. This represents a significant short interest change of -1170000 shares, corresponding to a short interest percentage decrease of -18.69%. The days needed to cover the short positions amount to 17.2. The approximate worth of the shares held short is $78.23 million.

With the symbol SPHR, the stock currently has a short interest of 28.17%. The short interest change is -530000 shares, compared with a short interest percentage change of -6.47%. It would take approximately 9.1 days to cover all the short positions. The shares short value is estimated to be around $218.87 million. The company boasts an average daily volume of 828.19K shares, contributing to a market capitalization of $1.57B.

The stock SANA has a current short interest of 30.07%. The short interest percentage has experienced increase of +4.75% while there was a change of 1670000 shares in short interest. The ratio indicating the time required to cover short positions is 22.3. The calculated worth of the shorted shares amounts to around $13.33 million. Trading activity averages at 1.62M shares per day, while the company's market capitalization stands at $403.75M.

Upcoming IPOs

Diginex Limited (DGNX) is set to join the NASDAQ on January 7. They are offering shares in the price range of $4.00 to $6.00. They are offering 2,250,000 shares, with an estimated deal size of $11.25M.

FBS Global Limited (FBGL) will be entering the market with its IPO on January 07, on the NASDAQ exchange. They are offering shares in the price range of $4.50 to $5.00. They plan to offer 2,250,000 shares, targeting a deal size of $10.69M.

Cortigent, Inc. (CRGT) is also scheduled to make its debut on the NASDAQ exchange on January 08. The shares will be offered at a fixed price of $10.00 per share. The IPO includes 1,500,000 shares, aiming for a deal size of $15.00M.

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

Best Regards,

Stocks Telegraph Team

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