📈 Nasdaq Gains Again — Top Stocks Making Massive Moves Today

US stocks opened slightly higher on Thursday, building on recent record highs as investors monitored Iran’s expected response to a US-backed peace proposal and assessed new economic data and corporate earnings.

The Nasdaq gained 0.2%, the S&P 500 hovered near fresh highs, and the Dow Jones rose 0.4%. Hopes for easing tensions in the Strait of Hormuz pushed Brent crude below $100 a barrel, helping calm inflation concerns and support gold prices.

Investor sentiment was further boosted by strong tech earnings tied to the ongoing AI boom, though Arm shares slipped despite a positive revenue outlook due to supply concerns. Meanwhile, McDonald’s posted better-than-expected earnings, while Papa John’s and Shake Shack delivered weaker results.

Labor market data showed softer-than-expected jobless claims, while a report on April layoffs highlighted AI-driven cuts, particularly in the tech sector, ahead of Friday’s closely watched jobs report.

Top Movers: Under $10 

Rackspace Technology Inc (RXT) is up 92.07% today to trade at the current level of $4.36 after reporting first quarter 2026 results.

Atara Biotherapeutics Inc (ATRA) zoomed 65.05% in today’s trade to $8.5 after providing regulatory update on Tabelecleucel.

In current trading, Commerce.com Inc (CMRC) stock is at $3.80 after reporting first quarter total Revenue of $86.8 million, an increase of 5% versus prior year.

Aspen Aerogels Inc (ASPN) rose 28.76% in the early hours of today's trading to move at $5.3 after announcing Q1 2026 financial results and recent business highlights.

In the current trading session, Real Messenger Corp (RMSG) jumped 29.55% to $1.71 over a previous close of $1.32 after announcing that it has regained compliance with Nasdaq Minimum Bid Price Requirement.

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Ex-Dividend Stocks

American Electric Power Company Inc (AEP) 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 $0.95 per share. It has fixed May 08 as the record date for the same and will pay the actual dividend on June 10. Last year, the company distributed a total of $3.76 to its shareholders. Based on the last year's worth of payments, AEP has a trailing yield of 2.84% on the current stock price of $132.56.

Another stock that is shelling out dividends tomorrow is ArcBest Corp (ARCB), having a market capitalization of $2.71B. It will pay a dividend of $0.12 per share, the payment date of which is May 22. Currently, the stock is trading at a trailing dividend yield of 0.39%.

Shares of Bankwell Financial Group Inc (BWFG) 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 $0.2 per share, and in the last 12 months, it paid a total of $0.80 per share. Last year's total dividend payments show that BWFG has a trailing yield of 1.53% on the current share price of $52.34.

First Bank (NJ) (FRBA) is also set to go ex-dividend tomorrow. The next dividend payment from FRBA will amount to $0.09 per share. May 08 has been designated as the record date for this dividend, with the actual payout scheduled for May 22. In the previous year, FRBA distributed a total of $0.27 to its valued shareholders. Considering the cumulative dividend payments from last year, the trailing yield for FRBA stands at 1.78% based on the current stock price of $15.16.

Richardson Electronics Ltd (RELL) will be paying out a dividend of $0.06 per share to shareholders holding their shares as of the close of the business hours on the record date of May 08. Over the past 12 months, RELL has paid out a total of $0.24 per share in dividends. Based on the total dividends paid out last year, RELL boasts an impressive trailing yield of 1.59% on the current share price of $15.12.

Crypto Market Highlights

• Aave Labs liquidated the Kelp DAO attacker’s remaining rsETH positions on Ethereum and Arbitrum, advancing efforts to fully restore rsETH backing and compensate affected users.

• JPMorgan and Mastercard completed the first cross-border, cross-bank redemption of a tokenized US Treasury fund using Ripple’s XRP Ledger and interbank settlement infrastructure.

• Republican Representative James Baird secured victory in Indiana’s House District 4 primary after crypto-backed groups spent over $500,000 on supportive media campaigns during his reelection bid.

• Morgan Stanley launched a cryptocurrency trading pilot on its E*Trade platform, offering lower base retail trading fees compared to several major US crypto exchanges and brokerages.

• Coinbase is facing a lawsuit in California federal court over frozen cryptocurrency allegedly connected to a $55 million DAI phishing theft that occurred in August 2024.

Most Shorted Stocks

RH (RH) was one of the most shorted stocks as of latest short interest figures, with 39.68% 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 2.4. This represents a change of 566469 shares, which corresponds to a 11.59% increase in short interest. The total value of the shares held short is estimated to be around $718.72 million. The average daily volume stands at 1.29M shares, and the market capitalization of the company is $2.48B.

The Abeona Therapeutics with the symbol ABEO currently has a short interest of 31.10%. The short interest has changed by 625,637 shares. The days to cover ratio stands at 13.5. The estimated value of the shares held short is approximately $88.94 million. On an average day, 1,032,964 shares are traded, with the company's market capitalization totaling $342.87M.

For the stock Novavax (NVAX), the current short interest is at 28.73%. This represents a significant short interest change of 1,346,772 shares, corresponding to a short interest percentage increase of 2.99%. The days needed to cover the short positions amount to 15.0. The approximate worth of the shares held short is $402.67 million.

With the symbol PCT, the stock currently has a short interest of 34.72%. The short interest change is 456,530 shares, compared with a short interest percentage change of 0.90%. It would take approximately 13.2 days to cover all the short positions. The shares' short value is estimated to be around $340.82 million. The company boasts an average daily volume of 3,422,173 shares, contributing to a market capitalization of $1.38B.

The stock APLD has a current short interest of 30.96%. The short interest percentage has experienced a decrease of 3.47%, while there was a change of 2,687,784 shares in short interest. The ratio indicating the time required to cover short positions is 3.0. The calculated worth of the shorted shares amounts to around $2.47 billion. Trading activity averages at 26,635,776 shares per day, while the company's market capitalization stands at $12.64B.

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Biotech Stocks to Watch

According to our ST Score evaluation, Galapagos NV ADR (GLPG) emerges as a high-quality stock in the Biotech industry, attaining an impressive score of 70. 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 Krystal Biotech Inc (KRYS) as a high-quality Biotech stock today, presenting a Score of 64. The stock has strong fundamentals in terms of profitability, performance, financial strength, and Piotroski Score. However, it has weak growth. The stock sentiment and forecast are neutral.

Another stock in the category, Halozyme Therapeutics Inc (HALO) has the ST Score of 63, which means that the stock carries the potential for higher returns. The stock is strong in profitability, performance, financial strength, and Piotroski Score. Growth, stock sentiment, and forecasts suggest a neutral outlook.

Oramed Pharmaceuticals Inc (ORMP) 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 financial strength, but its weaknesses are in its stock sentiment and forecast. However, it shows a neutral outlook in growth and Piotroski Score.

Enliven Therapeutics Inc (ELVN) currently has the ST Score of 60, which signifies a huge upward potential. The Biotech stock's strong points are its performance and financial strength, while its weak points are its growth and Piotroski Score. The stock's profitability, 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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