The Top Movers You Wish You Bought Yesterday 📈

U.S. stocks rose on Wednesday, with the S&P 500 and Nasdaq up 0.4%, lifted by Oracle’s strong revenue forecast and renewed AI optimism. The Dow dipped 0.1%. A surprise drop in wholesale inflation and weaker revised jobs data boosted expectations for a Fed rate cut next week.

Fed Governor Lisa Cook is set to join the upcoming rate decision despite legal challenges tied to Trump. Meanwhile, Trump urged the EU to back steep tariffs on India and China to pressure Russia over Ukraine. Tensions flared as Poland shot down Russian drones in its airspace.

GameStop shares jumped after reporting over 20% growth in quarterly revenue, reigniting investor interest.

Top Movers: Under $10 

Wearable Devices Ltd (WLDS) is up 368.64% today to trade at the current level of $4.78. This comes after the company announced that it has received a key U.S. patent for a device combining gesture and voice control with biometric authentication.

Vimeo Inc (VMEO) zoomed 61.23% in today’s trade to $7.76 after announcing that it has entered into a definitive agreement to be acquired by Bending Spoons, in an all-cash transaction valued at approximately $1.38 billion.

In current trading, Robin Energy Ltd (RBNE) stock is at $2.98 after announcing that it has completed its initial $5 million Bitcoin purchase through Anchorage Digital Bank, following its August 5th update and new treasury strategy.

CAMP4 Therapeutics Corp (CAMP) rose 44.93% in the early hours of today's trading to move at $2.88 after announcing that it has entered into definitive securities purchase agreements with certain institutional and accredited investors for up to $100 million in gross proceeds through a private placement.

In the current trading session, Babcock & Wilcox Enterprises Inc (BW) jumped 20.65% to $2.42 over a previous close of $2.01. The company announced a partnership with Denham Capital’s Sustainable Infrastructure group to develop power projects for growing data center demand in the U.S. and Europe.

Ex-Dividend Stocks

Academy Sports and Outdoors Inc (ASO) 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 $0.13 per share. It has fixed September 11 as the record date for the same and will pay the actual dividend on October 09. Last year, the company distributed a total of $0.48 to its shareholders. Based on the last year's worth of payments, ASO has a trailing yield of 0.99% on the current stock price of $48.45.

Another stock that is shelling out dividends tomorrow is BayCom Corp (BCML), having a market capitalization of $327.60M. It will pay a dividend of $0.25 per share, the payment date of which is October 09. Currently, the stock is trading at a trailing dividend yield of 2.00%.

Shares of Nordson Corp (NDSN) will be the talk of the stock market on Thursday as the stock will turn ex-dividend. The company's next dividend payment will be $0.82 per share, and in the last 12 months, it paid a total of $2.34 per share. Last year's total dividend payments show that NDSN has a trailing yield of 1.05% on the current share price of $223.11.

NVIDIA Corp (NVDA) is also set to go ex-dividend tomorrow. The next dividend payment from NVDA will amount to $0.01 per share. September 11 has been designated as the record date for this dividend, with the actual payout scheduled for October 02. In the previous year, NVDA distributed a total of $0.04 to its valued shareholders. Considering the cumulative dividend payments from last year, the trailing yield for NVDA stands at 0.02% based on the current stock price of $177.73.

Regency Centers Corporation (REG) will be paying out a dividend of $0.7 per share to shareholders holding their shares as of the close of business hours on the record date of September 11. Over the past 12 months, REG has paid out a total of $2.78 per share in dividends. Based on the total dividends paid out last year, REG boasts an impressive trailing yield of 3.88% on the current share price of $71.86.

Crypto Market Highlights

• Binance has partnered with US ETF provider Franklin Templeton to expand its crypto offerings.

• A Web3 coalition has launched a new Ethereum token standard aimed at improving compliance and reducing fragmentation in the real-world asset (RWA) sector.

• Kyrgyzstan has proposed a bill to create a state cryptocurrency reserve and boost its digital asset industry.

• Kraken has begun offering tokenized securities in Europe, continuing its rollout from June.

• Belarusian President Lukashenko is urging banks to adopt broader crypto usage amid economic strain from sanctions.

Most Shorted Stocks

Novavax, Inc (NVAX) was one of the most shorted stocks as of the latest short interest figures, with 23.46% 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 5.8. This represents a change of -4210000 shares, which corresponds to a -9.95% decrease in short interest. The total value of the shares held short is estimated to be around $305.18 million. The average daily volume stands at 6.47M shares, and the market capitalization of the company is $1.30B.

The Upstart Holdings Inc with the symbol UPST currently has a short interest of 23.34%. The short interest has changed by 4930000 shares. The days to cover ratio stands at 3.6. The estimated value of the shares held short is approximately $1.44 billion. On an average day, 6.47M shares are traded, with the company's market capitalization totaling $6.17B.

For the stock Enovix Corporation (ENVX), the current short interest is at 27.01%. This represents a significant short interest change of 2350000 shares, corresponding to a short interest percentage increase of +5.47%. The days needed to cover the short positions amount to 6.3. The approximate worth of the shares held short is $413.14 million.

With the symbol TMDX, the stock currently has a short interest of 23.00%. The short interest change is 170000 shares, compared with a short interest percentage change of +2.22%. It would take approximately 7.8 days to cover all the short positions. The shares' short value is estimated to be around $4.91 billion. The company boasts an average daily volume of 1.06M shares, contributing to a market capitalization of $3.70B.

The stock ENPH has a current short interest of 23.87%. The short interest percentage has experienced an increase of +2.81% while there was a change of 820000 shares in short interest. The ratio indicating the time required to cover short positions is 3.3. The calculated worth of the shorted shares amounts to around $300.59 million. Trading activity averages at 9.02M shares per day, while the company's market capitalization stands at $5.01B.

AI Stocks to Watch

According to our ST Score evaluation, Tower Semiconductor Ltd (TSEM) emerges as a high-quality stock in the AI industry, attaining an impressive score of 67. The stock's profitability, performance, financial strength, and Piotroski Score are strong. However, its growth is weak. Additionally, it is neutral in terms of stock sentiment and forecast.

Our ST Score also classifies Arm Holdings plc. ADR (ARM) as a high-quality AI stock today, presenting a Score of 58. The stock has strong fundamentals in terms of profitability, financial strength, and Piotroski Score. The performance, growth, stock sentiment, and forecast are neutral.

Another stock in the category, Micron Technology Inc (MU) has the ST Score of 57, which means that the stock carries the potential for higher returns. The stock is strong in profitability, performance, growth, and Piotroski Score, but weak in financial strength. Stock sentiment and forecasts suggest a neutral outlook.

Lattice Semiconductor Corp (LSCC) stock has the ST Score of 59, which implies that the AI company has a high probability of beating the market. The stock's strengths lie in its profitability, performance, financial strength, and Piotroski Score, but its weaknesses are in its growth, stock sentiment, and forecast. However, it shows neutral outlook in .

Alibaba Group Holding Ltd ADR (BABA) currently has the ST Score of 57, which signifies a huge upward potential. The AI stock's strong points are its profitability, performance, financial strength, and Piotroski Score. The stock's growth, 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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