Upcoming IPOs: $10 Stocks Riding New Momentum

U.S. stocks retreated Monday as renewed trade tensions with China weighed on sentiment, casting a shadow over what was otherwise a strong performance in May. China’s latest move in the ongoing tariff dispute reignited investor caution at the start of a busy economic week.

As of 11:30 AM ET, the Dow was down -164.56 points, or -0.3893%, at $42105.51. The Nasdaq Composite added 5.85 points, or 0.03%, at $21346.84. The S&P 500 declined -8.81 points, or -0.15%, at $5902.88. Among the 11 major S&P 500 sectors, 6 showed positive movement, with Communication Services leading the way with a 1.46% increase.

All eyes now turn to Friday’s nonfarm payrolls report, a key gauge of labor market strength that could shape expectations for future interest rate moves. Monday’s ISM Manufacturing report showed the U.S. factory sector remained in contraction for May, with import levels hitting their lowest since 2009—a sign of potential pressure from trade disruptions.

Earnings season is winding down, but several high-profile names remain on the docket this week, including CrowdStrike (CRWD), Broadcom (AVGO), DocuSign (DOCU), and Lululemon (LULU).

Top Movers: Under $10 

Hyperfine Inc (HYPR) is up 80.98% today to trade at the current level of $1.09. This comes after the company announced FDA clearance of its most significant technological advancement to date.

NewGenIvf Group Ltd (NIVF) zoomed 50.50% in today’s trade to $3.04 after announcing plans to invest US$30 million in staking the digital asset Solana, marking a substantial expansion of the company’s digital asset investment strategy.

In current trading, Applied Digital Corporation (APLD) stock is at $9.91 after reporting that it has entered into two approximately 15-year lease agreements with CoreWeave, the AI Hyperscaler™.

mF International Ltd (MFI) rose 39.37% in the early hours of today's trading to move at $1.20 after announcing the results of its annual general meeting of shareholders held in Hong Kong on May 30, 2025.

In the current trading session, Cleveland-Cliffs Inc (CLF) jumped 24.96% to $7.28 over a previous close of $5.83 on U.S. steel tariffs.

Ex-Dividends Stocks

Cass Information Systems Inc (CASS) 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 $0.31 per share. It has fixed June 03 as the record date for the same and will pay the actual dividend on June 13. Last year, the company distributed a total of $1.22 to its shareholders. Based on the last year's worth of payments, CASS has a trailing yield of 2.89% on the current stock price of $42.22.

Another stock that is shelling out dividends tomorrow is Eastern Bankshares Inc (EBC), having a market capitalization of $3.11B. It will pay a dividend of $0.13 per share, the payment date of which is June 16. Currently, the stock is trading at a trailing dividend yield of 3.12%.

Shares of Monro Inc (MNRO) 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 $0.28 per share, and in the last 12 months, it paid a total of $1.12 per share. Last year's total dividend payments show that MNRO has a trailing yield of 7.07% on the current share price of $15.84.

Peoples Bancorp Of North Carolina Inc (PEBK) is also set to go ex-dividend tomorrow. The next dividend payment from PEBK will amount to $0.2 per share. June 03 has been designated as the record date for this dividend, with the actual payout scheduled for June 13. In the previous year, PEBK distributed a total of $0.77 to its valued shareholders. Considering the cumulative dividend payments from last year, the trailing yield for PEBK stands at 2.78% based on the current stock price of $27.54.

Texas Roadhouse Inc (TXRH) will be paying out a dividend of $0.68 per share to shareholders holding their shares as of the close of the business hours on the record date of June 03. Over the past 12 months, TXRH has paid out a total of $2.51 per share in dividends. Based on the total dividends paid out last year, TXRH boasts an impressive trailing yield of 1.29% on the current share price of $194.01.

Crypto Market Highlights

• Circle has raised its IPO target to $896 million, signaling strong investor interest in the stablecoin issuer.

• Michael Saylor’s Strategy disclosed new Bitcoin purchases following a temporary price dip to $103,000.

• Binance co-founder CZ proposed a dark pool perpetual swap DEX to combat market manipulation.

• Singapore’s central bank has ordered local crypto firms to cease overseas digital token services by June 30.

• Taiwan's BitoPro exchange suffered a security breach, losing over $11.5 million from its hot wallets on May 8.

 Most Shorted Stocks

Kohl's Corp (KSS) was one of the most shorted stocks as of the latest short interest figures, with 53.83% 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 4.7. This represents a change of 2410000 shares, which corresponds to a +4.37% increase in short interest. The total value of the shares held short is estimated to be around $468.62 million. The average daily volume stands at 12.88M shares, and the market capitalization of the company is $906.73M.

The Wolfspeed Inc with the symbol WOLF currently has a short interest of 45.40%. The short interest has changed by 2760000 shares. The days to cover ratio stands at 2.0. The estimated value of the shares held short is approximately $88.81 million. On an average day, 34.33M shares are traded, with the company's market capitalization totaling $197.57M.

For the stock NanoVibronix Inc (NAOV), the current short interest is at 15.38%. This represents a significant short interest change of 237900 shares, corresponding to a short interest percentage increase of +199.92%. The days needed to cover the short positions amount to 0.1. The approximate worth of the shares held short is $0.4 million.

With the symbol RKT, the stock currently has a short interest of 44.88%. The short interest change is 13640000 shares, compared with a short interest percentage change of +28.18%. It would take approximately 4.9 days to cover all the short positions. The shares short value is estimated to be around $4.39 million. The company boasts an average daily volume of 13.06M shares, contributing to a market capitalization of $24.61B.

The stock DGLY has a current short interest of 1.36%. The short interest percentage has experienced decrease of -98.72% while there was a change of -1757300 shares in short interest. The ratio indicating the time required to cover short positions is 0.1. The calculated worth of the shorted shares amounts to around $148.9 million. Trading activity averages at 528.89K shares per day, while the company's market capitalization stands at $4.00M.

Upcoming IPOs

Circle Internet Group, Inc. (CRCL) is all set for its debut on the NYSE exchange on June 05. They are offering shares in the price range of $24.00 to $26.00. With a total of 24,000,000 shares available, the company aims to raise approximately $600.00M through this IPO.

Omada Health, Inc. (OMDA) will be entering the market with its IPO on June 06, on the NASDAQ exchange. The shares will be offered in the price range of $18.00 to $20.00 per share. They plan to offer 7,900,000 shares, targeting a deal size of $150.10M.

Vantage Corp (VNTG) is also scheduled to make its debut on the NYSEAMERICAN exchange on June 10. They are offering shares in the price range of $4.00 to $5.00. The IPO includes 3,250,000 shares, aiming for a deal size of $14.63M.

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

Best Regards,

Stocks Telegraph Team

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