Midday Watch: Upcoming IPOs & $10 Market Movers

The S&P 500 was relatively unchanged on Monday as the benchmark attempts to continue its recovery from correction territory following a four-week rout on Wall Street. This downturn was worsened by President Donald Trump’s chaotic tariff policy rollout and declining consumer confidence.

As of 11:49 AM ET, the Dow was up 180.63 points, or 0.43538%, at $41668.82. The Nasdaq Composite lost -42.028 points, or -0.21329%, at $19662.607. The S&P 500 rose 5.56 points, or 0.09%, at $5644.5. Among the 11 major S&P 500 sectors, 8 showed positive movement, with Real Estate leading the way with a 1.57% increase.

Investors are struggling to keep pace with President Trump’s rapidly shifting tariff policies, alongside the aggressive cost-cutting efforts from Elon Musk’s DOGE department, which have put markets in a tailspin and raised concerns about both corporate and consumer confidence.

Additionally, comments from the administration suggesting that some economic and market pain would be tolerated to overhaul most government agencies, along with shifting global trade policies, have further weighed on markets.

Top Movers: Under $10

AirNet Technology Inc ADR (ANTE) is up 67.45% today to trade at the current level of $1.36. This comes after the company announced the execution of a non-binding Investment Letter of Intent with LLP STH Corp, a Kazakstan company.

Monogram Technologies Inc (MGRM) zoomed 57.04% in today’s trade to $3.66 after announcing that the U.S. Food and Drug Administration has granted 510(k) clearance for its Monogram mBôs TKA System.

In current trading, CervoMed Inc (CRVO) stock is at $8.42 after reporting its financial results for the fourth quarter and full year ended December 31, 2024.

Hyperfine Inc (HYPR) rose 27.86% in the early hours of today's trading to move at $1.17 after announcing a strategic collaboration with NVIDIA.

In the current trading session, NIP Group Inc. ADR (NIPG) jumped 28.07% to $1.46 over a previous close of $1.14. The company announced that it has officially been included in the Esports World Cup Foundation (EWCF) Club Partner Program ahead of the tournament opening ceremony in July.

Ex-Dividends Stocks

Air Lease Corp (AL) 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 $0.22 per share. It has fixed March 18 as the record date for the same and will pay the actual dividend on April 07. Last year, the company distributed a total of $0.85 to its shareholders. Based on the last year's worth of payments, AL has a trailing yield of 1.81% on the current stock price of $46.97.

Shares of Huntington Bancshares, Inc (HBAN) 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 $0.15 per share, and in the last 12 months, it paid a total of $0.62 per share. Last year's total dividend payments show that HBAN has a trailing yield of 4.19% on the current share price of $14.80.

PulteGroup Inc (PHM) is also set to go ex-dividend tomorrow. The next dividend payment from PHM will amount to $0.22 per share. March 18 has been designated as the record date for this dividend, with the actual payout scheduled for April 02. In the previous year, PHM distributed a total of $0.82 to its valued shareholders. Considering the cumulative dividend payments from last year, the trailing yield for PHM stands at 0.79% based on the current stock price of $104.18.

Prologis Inc (PLD) will be paying out a dividend of $1.01 per share to shareholders holding their shares as of the close of the business hours on the record date of March 18. Over the past 12 months, PLD has paid out a total of $3.84 per share in dividends. Based on the total dividends paid out last year, PLD boasts an impressive trailing yield of 3.38% on the current share price of $113.71.

Crypto Market Highlights

• Michael Saylor, the world’s largest public corporate Bitcoin holder, made his smallest Bitcoin purchase on record.

• Brazilian lawmakers are considering a bill to authorize employers to pay salaries using cryptocurrencies like Bitcoin, introduced by Federal Deputy Luiz Philippe de Orleans e Bragança.

• Crypto exchange OKX has paused its decentralized exchange aggregator to prevent misuse by North Korean hacking group Lazarus.

• The Bank of Korea is adopting a cautious approach towards potentially including Bitcoin as a foreign exchange reserve.

• Cryptocurrency exchange-traded products (ETPs) faced significant outflows for the fifth consecutive week, with $1.7 billion exiting the market.

  Most Shorted Stocks

Solaredge Technologies Inc (SEDG) was one of the most shorted stocks as of latest short interest figures, with 37.96% 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 4.7. This represents a change of -1650000 shares, which corresponds to a -7.02% decrease in short interest. The total value of the shares held short is estimated to be around $362.05 million. The average daily volume stands at 4.66M shares, and the market capitalization of the company is $974.20M.

The Psyence Biomedical Ltd with the symbol PBM currently has a short interest of 37.82%. The short interest has changed by -35700 shares. The days to cover ratio stands at 0.1. The estimated value of the shares held short is approximately $0.19 million. On an average day, 2.09M shares are traded, with the company's market capitalization totaling $2.93M.

For the stock Medical Properties Trust Inc (MPW), the current short interest is at 37.30%. This represents a significant short interest change of -12050000 shares, corresponding to a short interest percentage decrease of -6.13%. The days needed to cover the short positions amount to 13.8. The approximate worth of the shares held short is $1.1 billion.

With the symbol SPRY, the stock currently has a short interest of 37.04%. The short interest change is 2520000 shares, compared with a short interest percentage change of +15.29%. It would take approximately 14.4 days to cover all the short positions. The shares short value is estimated to be around $2.15 billion. The company boasts an average daily volume of 1.35M shares, contributing to a market capitalization of $1.13B.

The stock BBLG has a current short interest of 36.24%. The short interest percentage has experienced an increase of +48.24% while there was a change of 62900 shares in short interest. The ratio indicating the time required to cover short positions is 0.9. The calculated worth of the shorted shares amounts to around $15.96 million. Trading activity averages at 224.58K shares per day, while the company's market capitalization stands at $2.73M.

Upcoming IPOs

LogProstyle Inc. (LGPS) is all set for its debut on the NYSEAMERICAN exchange on March 19. They are offering shares in the price range of $4.00 to $6.00. With a total of 2,500,000 shares available, the company aims to raise approximately $12.50M through this IPO.

OMS Energy Technologies Inc. (OMSE) will be entering the market with its IPO on March 28, on the NASDAQ exchange. They are offering shares in the price range of $8.00 to $10.00. They plan to offer 5,555,556 shares, targeting a deal size of $50.00M.

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

Best Regards,

Stocks Telegraph Team

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