Stock Steals: Mid-Day Marvels All Under $10!

On Monday, Wall Street made notable gains while the dollar experienced a decline. Investors were eagerly looking ahead to Wednesday's release of inflation data, and there were indications from the Bank of Japan that it might be moving away from a period of negative interest rates.

During the early trading hours, all three major U.S. stock indexes displayed modest increases, bouncing back from losses in the previous week. Leading the way in this positive momentum was electric automaker Tesla Inc (TSLA), which contributed significantly to the market's upward trajectory.

The trading session on this particular day appeared relatively tranquil, hinting at the calm before a potential storm of U.S. economic data releases scheduled for later in the week. The most critical among these is Wednesday's consumer prices report (CPI), which is highly anticipated.

Market analysts are anticipating an uptick in inflation for the previous month, largely driven by surging oil prices. However, when we consider the core CPI, which excludes the more volatile food and energy prices, it's expected to show a cooling trend on an annual basis.

The eagerly awaited CPI data will offer market participants a snapshot of inflation in August and may shed light on the duration of the U.S. Federal Reserve's current restrictive policy cycle.

As of 11:30 a.m., the Dow was up 29.39 points, or 0.09%, at 34,605.98. The Nasdaq Composite added 94.37 points, or 0.69%, at 13,855.9. The S&P 500 rose 16.62 points, or 0.37%, at 4,474.11. Among the 11 major S&P 500 sectors, 7 showed positive movement, with Consumer Discretionary leading the way with a 2.27% increase.

Top Movers: Under $10

Canopy Growth Corporation (CGC) is up 43.73% today to trade at the current level of $1.34. The company reminded its shareholders to vote ahead of the upcoming annual general and special meeting of shareholders to be held on September 25, 2023 at 1:00 pm.

NovaBay Pharmaceuticals Inc. (NBY) zoomed 25.31% in today’s trade to $0.78 after announcing an agreement with BioStem Technologies to commercialize Amniotic Tissue Allograft as Avenova® Allograftt.

In current trading, Plus Therapeutics Inc. (PSTV) stock is at $1.71 following news that the company received $1.9 million advance payment from CPRIT.

Yoshiharu Global Co. (YOSH) rose 22.86% in the early hours of today's trading to move at $0.43 following the declaration from the company that it has entered into a non-binding Memorandum of Understanding with a restaurant operator to acquire Jjanga LLC, HJH LLC and Ramen Aku LLC, all located in Las Vegas, Nevada.

In the current trading session, Super League Gaming Inc. (SLE) jumped 198.48% to $5.11 over a previous close of $1.71. The company announced that shareholders approved a name change to Super League Enterprise, Inc. and a reverse stock split of its issued and outstanding shares of common stock, par value $0.001 per share, at a ratio of 1-for-20.

Ex-Dividends Stocks

Ameren Corporation (AEE) 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 $0.63 per share. The company has fixed September 13 as the record date for the same and will pay the actual dividend on September 29. Last year, the company distributed a total of $2.52 to its shareholders. Based on the last year's worth of payments, AEE has a trailing yield of 3.18% on the current stock price of $79.34.

Another stock that is shelling out dividends tomorrow is HP Inc. (HPQ), having a market capitalization of $29.27B. It will pay a dividend of $0.26 per share, the payment date of which is October 04. Currently, the stock is trading at a trailing dividend yield of 3.52%.

Shares of News Corporation (NWSA) will be the talk of stock market on Tuesday as the stock will turn ex-dividend. The company's next dividend payment will be $0.1 per share, and in the last 12 months, the company paid a total of $0.20 per share. Last year's total dividend payments show that NWSA has a trailing yield of 0.94% on the current share price of $21.22.

NXP Semiconductors N.V. (NXPI) is also set to go ex-dividend tomorrow. The next dividend payment from NXPI will amount to $1.01 per share. September 13 has been designated as the record date for this dividend, with the actual payout scheduled for October 05. In the previous year, NXPI distributed a total of $4.06 to its valued shareholders. Considering the cumulative dividend payments from last year, the trailing yield for NXPI stands at 2.01% based on the current stock price of $202.19.

News Corporation (NWS) will be paying out a dividend of $0.1 per share to shareholders holding their shares as of the close of the business hours on the record date of September 13. Over the past 12 months, NWS has paid out a total of $0.20 per share in dividends. Based on the total dividends paid out last year, NWS boasts an impressive trailing yield of 0.92% on the current share price of $21.80.

Crypto Market Highlights

Most Shorted Stocks

Guess? Inc. (GES) was one of the most shorted stocks as of latest short interest figures, with 29.49% 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 8.7. This represents a change of 270000 shares, which corresponds to a +3.51% increase in short interest. The total value of the shares held short is estimated to be around $183.55 million. The average daily volume stands at 976.51K shares, and the market capitalization of the company is $1.26B.

The Trupanion Inc. with the symbol TRUP currently has a short interest of 27.16%. The short interest has changed by -1120000 shares. The days to cover ratio stands at 7.7. The estimated value of the shares held short is approximately $280.53 million. On an average day, 1.14M shares are traded, with the company's market capitalization totaling $1.23B.

For the stock IGM Biosciences Inc. (IGMS), the current short interest is at 27.36%. This represents a significant short interest change of 600000 shares, corresponding to a short interest percentage increase of +12.30%. The days needed to cover the short positions amount to 17.1. The approximate worth of the shares held short is $42.09 million.

The stock NOVA has a current short interest of 28.78%. The short interest percentage has experienced decrease of -0.33% while there was a change of -100000 shares in short interest. The ratio indicating the time required to cover short positions is 7.7. The calculated worth of the shorted shares amounts to around $889.23 million. Trading activity averages at 3.99M shares per day, while the company's market capitalization stands at $1.58B.

Upcoming IPOs

Nature Wood Group Limited (NWGL) is all set for its debut on the NASDAQ exchange on September 12. They are offering shares in the price range of $9.00 to $11.00. With a total of 915,000 shares available, the company aims to raise approximately $9.15M through this IPO.

Davis Commodities Limited (DTCK) will be entering the market with its IPO on September 13, on the NYSEAMERICAN exchange. They are offering shares in the price range of $4.00 to $4.50. They plan to offer 1,087,500 shares, targeting a deal size of $4.62M.

Vitro Biopharma, Inc. (VTRO) is also scheduled to make its debut on the NYSEAMERICAN exchange on September 13. They are offering shares in the price range of $5.00 to $6.00. The IPO includes 1,818,181 shares, aiming for a deal size of $10.00M.

Arm Holdings Limited (ARM) is set to join the NASDAQ on September 14. They are offering shares in the price range of $47.00 to $51.00. They are offering 95,500,000 shares, with an estimated deal size of $4.68B.

Gamer Pakistan Inc. (GPAK) will be capturing investors' attention as they hit the NASDAQ exchange on September 14. They are offering shares in the price range of $4.00 to $5.00. A total of 1,700,000 shares will be available, with the deal size projected to reach $7.65M.