Upcoming IPOS: $10 Picks Igniting Momentum

Stocks bounced back on Monday as investors grew hopeful that tensions between Israel and Iran would not escalate further. The easing of geopolitical concerns also led to a pullback in oil prices, which had surged in response to recent conflict.

As of 11:15 AM ET, the Dow was up 429.41 points, or 1.0176%, at $42627.21. The Nasdaq Composite added 321.02 points, or 1.48%, at $21952.06. The S&P 500 rose 66.51 points, or 1.11%, at $6043.48. Among the 11 major S&P 500 sectors, 10 showed positive movement, with Utilities leading the way with a 1.55% increase.

WTI crude futures dropped over 3% to $70.47 per barrel, reversing from an overnight high above $77.

Market focus remained on developments in the Middle East after Israel’s airstrike on Iran last Friday, followed by retaliatory missile launches from Tehran. Despite the heightened risks, a Wall Street Journal report brought some relief, noting that Iran had signaled openness to renewed negotiations, provided the U.S. does not participate in Israeli-led attacks. The report also indicated that Iran conveyed a desire to avoid further escalation.

Investors also processed weaker-than-expected U.S. manufacturing data released Monday morning, ahead of the Federal Reserve’s key interest rate decision set for Wednesday.

Top Movers: Under $10 

SRM Entertainment Inc (SRM) is up 298.61% today to trade at the current level of $5.78. This comes after the company announced that it has entered into a Securities Purchase Agreement with a private investor for a $100,000,000 equity investment that will be used by SRM to initiate a TRON Token Treasury Strategy.

Sonim Technologies Inc (SONM) zoomed 101.13% in today’s trade to $1.87. The company confirmed receipt of a non-binding unsolicited indication of interest.

In current trading, Sage Therapeutics Inc (SAGE) stock is at $9.04 following news that Supernus Pharmaceuticals, Inc. (SUPN) and Sage Therapeutics, Inc. (SAGE), announced a definitive agreement for Supernus to acquire Sage through a tender offer for $8.50 per share in cash.

Banzai International Inc (BNZI) rose 23.52% in the early hours of today's trading to move at $0.72 after announcing the appointment of Michael Kurtzman as Chief Revenue Officer of Banzai to head operations and customer-facing functions of leading video engagement, production, and webinar solutions including Demio, CreateStudio, and OpenReel, effective Monday, June 16, 2025.

In the current trading session, SolarBank Corporation (SUUN) jumped 23.85% to $1.75 over a previous close of $1.41 after announcing the continued execution of its community solar development pipeline with an update on its plans to develop a ground-mount solar power project known as the Sydney project totalling 2.4 MW DC located in Nova Scotia.

Ex-Dividends Stocks

Chemung Financial Corp (CHMG) 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 $0.32 per share. It has fixed June 17 as the record date for the same and will pay the actual dividend on July 01. Last year, the company distributed a total of $1.25 to its shareholders. Based on last year's worth of payments, CHMG has a trailing yield of 2.59% on the current stock price of $48.31.

Another stock that is shelling out dividends tomorrow is Huntington Bancshares, Inc (HBAN), having a market capitalization of $22.98B. It will pay a dividend of $0.15 per share, the payment date of which is July 01. Currently, the stock is trading at a trailing dividend yield of 3.93%.

Shares of J&J Snack Foods Corp (JJSF) 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 $0.78 per share, and in the last 12 months, it paid a total of $3.07 per share. Last year's total dividend payments show that JJSF has a trailing yield of 2.66% on the current share price of $115.60.

Upbound Group Inc (UPBD) is also set to go ex-dividend tomorrow. The next dividend payment from UPBD will amount to $0.39 per share. June 17 has been designated as the record date for this dividend, with the actual payout scheduled for July 08. In the previous year, UPBD distributed a total of $1.52 to its valued shareholders. Considering the cumulative dividend payments from last year, the trailing yield for UPBD stands at 6.00% based on the current stock price of $25.32.

Academy Sports and Outdoors Inc (ASO) will be paying out a dividend of $0.13 per share to shareholders holding their shares as of the close of the business hours on the record date of June 19. Over the past 12 months, ASO has paid out a total of $0.46 per share in dividends. Based on the total dividends paid out last year, ASO boasts an impressive trailing yield of 1.01% on the current share price of $45.64.

Crypto Market Highlights

• Truth Social, the social media platform founded by former U.S. President Donald Trump, filed an S-1 form with the SEC to launch a dual Bitcoin and Ether ETF.

• El Salvador continues to purchase Bitcoin despite a $1.4 billion IMF loan deal that discourages further crypto accumulation.

• MicroStrategy, led by Michael Saylor, revealed additional Bitcoin purchases last week amid rising geopolitical tensions in the Middle East.

• A former TON Foundation executive is launching Affluent, a new crypto investment app on Telegram offering yields and lending features 

• Tether has frozen over $12.3 million in digital assets on the Tron Network as part of ongoing efforts to combat illicit activity in the crypto space

  Most Shorted Stocks

The Dave & Buster's Entertainment Inc with the symbol PLAY currently has a short interest of 21.04%. The short interest has changed by 110000 shares. The days to cover ratio stands at 5.6. The estimated value of the shares held short is approximately $226.37 million. On an average day, 1.33M shares are traded, with the company's market capitalization totaling $1.09B.

For the stock Cerence Inc (CRNC), the current short interest is at 20.77%. This represents a significant short interest change of 110000 shares, corresponding to a short interest percentage increase of +1.25%. The days needed to cover the short positions amount to 7.8. The approximate worth of the shares held short is $75.64 million.

With the symbol HUMA, the stock currently has a short interest of 25.29%. The short interest change is 1450000 shares, compared with a short interest percentage change of +4.78%. It would take approximately 6.6 days to cover all the short positions. The shares' short value is estimated to be around $21.59 million. The company boasts an average daily volume of 4.89M shares, contributing to a market capitalization of $375.39M.

The stock ARCT has a current short interest of 22.15%. The short interest percentage has experienced an increase of +1.66% while there was a change of 90000 shares in short interest. The ratio indicating the time required to cover short positions is 12.3. The calculated worth of the shorted shares amounts to around $416.26 million. Trading activity averages at 441.16K shares per day, while the company's market capitalization stands at $354.87M.

Upcoming IPOs

Caris Life Sciences, Inc. (CAI) is all set for its debut on the NASDAQ exchange on June 18. They are offering shares in the price range of $16.00 to $18.00. With a total of 23,529,412 shares available, the company aims to raise approximately $400.00M through this IPO.

Slide Insurance Holdings, Inc. (SLDE) will be entering the market with its IPO on June 18, on the NASDAQ exchange. They are offering shares in the price range of $15.00 to $17.00. They plan to offer 20,000,000 shares, targeting a deal size of $320.00M.

Jefferson Capital, Inc. (JCAP) is also scheduled to make its debut on the NASDAQ exchange on June 26. They are offering shares in the price range of $15.00 to $17.00. The IPO includes 10,000,000 shares, aiming for a deal size of $160.00M.

CapsoVision, Inc. (CV) is set to join the NASDAQ on July 01. They are offering shares in the price range of $5.00 to $5.50. They are offering 5,250,000 shares, with an estimated deal size of $27.56M.

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

Best Regards,

Stocks Telegraph Team

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