Penny Stocks, FDA News & AI Deals—Today’s Biggest Breakouts 📊🔥

U.S. stocks edged lower Monday as continued weakness in artificial intelligence–related names weighed on the broader market.

The S&P 500 dipped 0.1%, while the Nasdaq fell 0.4%, pressured by sharp declines in stocks like Oracle and Broadcom amid an ongoing rotation away from AI. Recent losses have been concentrated in tech, even as the Dow has held up better.

Looking ahead, investors are focused on a busy week of economic data, including delayed nonfarm payroll and retail sales reports, as well as the November consumer price index, which could help shape near-term market direction.

Top Movers: Under $10 

Radiopharm Theranostics Ltd ADR (RADX) is up 173.47% today to trade at the current level of $11.65. This comes after the company announced interim data from the first twelve patients in its U.S. Phase 2b clinical imaging trial of RAD 101 in brain metastases.

3 E Network Technology Group Ltd (MASK) zoomed 77.59% in today’s trade to $0.53 after announcing the execution of a Master Services Agreement with Orka Technologies Oy to develop an AI data center project in Finland jointly.

In current trading, Quipt Home Medical Corp (QIPT) stock is at $3.52 after announcing a definitive agreement to be acquired by affiliates of Kingswood Capital Management and Forager Capital Management. It also released its fourth quarter and fiscal 2025 results.

Fortress Biotech Inc (FBIO) rose 11.95% in the early hours of today's trading to move at $3.28 after announcing that the FDA has accepted the resubmitted New Drug Application for CUTX-101 to treat pediatric Menkes disease.

In the current trading session, Almonty Industries Inc (ALM) jumped 8.14% to $7.31 over a previous close of $6.76 after announcing voluntary withdrawal of base shelf prospectus and registration statement.

Ex-Dividend Stocks

Global Water Resources Inc (GWRS) 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 $0.03 per share. It has fixed December 16 as the record date for the same and will pay the actual dividend on December 30. Last year, the company distributed a total of $0.30 to its shareholders. Based on last year's worth of payments, GWRS has a trailing yield of 3.54% on the current stock price of $8.47.

Another stock that is shelling out dividends tomorrow is J&J Snack Foods Corp (JJSF), having a market capitalization of $1.83B. It will pay a dividend of $0.8 per share, the payment date of which is January 06. Currently, the stock is trading at a trailing dividend yield of 3.32%.

Shares of Rand Capital Corp (RAND) 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 $0.85 per share, and in the last 12 months, it paid a total of $5.07 per share. Last year's total dividend payments show that RAND has a trailing yield of 30.06% on the current share price of $16.86.

Utah Medical Products, Inc (UTMD) is also set to go ex-dividend tomorrow. The next dividend payment from UTMD will amount to $0.31 per share. December 16 has been designated as the record date for this dividend, with the actual payout scheduled for January 05. In the previous year, UTMD distributed a total of $1.22 to its valued shareholders. Considering the cumulative dividend payments from last year, the trailing yield for UTMD stands at 2.10% based on the current stock price of $58.18.

Finward Bancorp (FNWD) will be paying out a dividend of $0.12 per share to shareholders holding their shares as of the close of business hours on the record date of December 17. Over the past 12 months, FNWD has paid out a total of $0.36 per share in dividends. Based on the total dividends paid out last year, FNWD boasts an impressive trailing yield of 0.92% on the current share price of $39.11.

Crypto Market Highlights

• Former Canaan co-chair Jianping Kong said Bitcoin’s hashrate dropped 10% in a single day after roughly 400,000 mining rigs were shut down in China’s Xinjiang region.

• Visa launched a global Stablecoins Advisory Practice to help banks, merchants, and fintechs design, deploy, and manage stablecoin products.

• JPMorgan expanded its push into tokenized finance by launching its first money market fund through its $4 trillion asset management division.

• Bhutan signed a multi-year MoU with crypto market maker Cumberland DRW to develop digital asset infrastructure in Gelephu Mindfulness City, reinforcing its sustainability-focused crypto strategy.

• Bitcoin slid to $87,600 amid renewed Sunday selling pressure, as Michael Saylor suggested that Strategy may buy more.

Most Shorted Stocks

Altimmune Inc (ALT) was one of the most shorted stocks as of the latest short interest figures, with 23.22% 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 7.0. This represents a change of -127341 shares, which corresponds to a -0.55% decrease in short interest. The total value of the shares held short is estimated to be around $121.35 million. The average daily volume stands at 3.12M shares, and the market capitalization of the company is $547.27M.

The Virgin Galactic Holdings Inc with the symbol SPCE currently has a short interest of 24.28%. The short interest has changed by 1340394 shares. The days to cover ratio stands at 5.9. The estimated value of the shares held short is approximately $44.14 million. On an average day, 4.38M shares are traded, with the company's market capitalization totaling $200.66M.

For the stock CorMedix Inc (CRMD), the current short interest is at 23.52%. This represents a significant short interest change of 846109 shares, corresponding to a short interest percentage increase of 5.10%. The days needed to cover the short positions amount to 5.0. The approximate worth of the shares held short is $195.39 million.

With the symbol ABSI, the stock currently has a short interest of 24.06%. The short interest change is 378771 shares, compared with a short interest percentage change of 1.18%. It would take approximately 8.6 days to cover all the short positions. The shares short value is estimated to be around $61.06 million. The company boasts an average daily volume of 5.33M shares, contributing to a market capitalization of $526.07M.

The stock LUNR has a current short interest of 23.61%. The short interest percentage has experienced decrease of -11.48% while there was a change of -3324574 shares in short interest. The ratio indicating the time required to cover short positions is 4.5. The calculated worth of the shorted shares amounts to around $365.92 million. Trading activity averages at 7.38M shares per day, while the company's market capitalization stands at $2.04B.

Upcoming IPOs

Andersen Group Inc. (ANDG) is all set for its debut on the NYSE exchange on December 17. They are offering shares in the price range of $14.00 to $16.00. With a total of 11,000,000 shares available, the company aims to raise approximately $165.00M through this IPO.

Medline Inc. (MDLN) will be entering the market with its IPO on December 17, on the NASDAQ exchange. They are offering shares in the price range of $26.00 to $30.00. They plan to offer 179,000,000 shares, targeting a deal size of $5.01B.

Libera Gaming Operations, Inc. (LBRJ) is also scheduled to make its debut on the NASDAQ exchange on December 18. The shares will be offered in a price range of $4.00 to $6.00 per share. The IPO includes 1,250,000 shares, aiming for a deal size of $6.25M.

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

Best Regards,

Stocks Telegraph Team

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