Upcoming IPOs Watch: High-Growth Stocks & $10 Market Movers

Good Evening Traders!

Stocks dropped sharply on Monday, sending the S&P 500 back into correction territory as traders grew increasingly wary of President Donald Trump's tariff plans.

The broad market index now sits more than 10% below its February record and hit its lowest level since September. The tech-heavy Nasdaq also hit a low not seen since September and is currently 16% below its all-time high set in December.

The rough start to the week marks a dramatic reversal after what seemed like a potential uptrend. Stocks had seen a brief recovery in mid-March, with the S&P 500 bouncing back from correction territory as investors adjusted to Trump's trade policy. However, the sell-off that began in February is now intensifying, with the April 2 deadline for reciprocal tariffs looming.

At 11:19 AM ET, the Dow was up 49.33 points, or 0.11863%, at $41633.23. The Nasdaq Composite lost -302.216 points, or -1.5674%, at $18979.184. The S&P 500 declined -38.93 points, or -0.69755%, at $5542.01. Among the 11 major S&P 500 sectors, 8 showed positive movement, with Consumer Defensive leading the way with a 1.85% increase.

Top Movers: Under $10

Newton Golf Co (NWTG) is up 35.57% today to trade at the current level of $2.02. This comes after NWTG announced financial results for the fourth quarter and full year ended Dec. 31, 2024.

Bluebird bio Inc (BLUE) zoomed 25.54% in today’s trade to $5.12. This rally can be attributed to news that BLUE has received an unsolicited non-binding written proposal from Ayrmid Ltd to acquire bluebird for an upfront cash payment of $4.50 per share and a one-time contingent value right of $6.84 per share payable upon achievement of a net sales milestone.

In current trading, My Size Inc (MYSZ) stock is at $1.70 following news that MYSZ reported financial and operational results for the twelve months ended December 31, 2024.

Mullen Automotive Inc (MULN) N/A 0.00% in the early hours of today's trading to move at $0.12. The strong performance of MULN stock came as investors were encouraged by the news that Company successfully overcame a motion to dismiss brought by defendants IMC Financial Markets, Clear Street Markets LLC, UBS Securities, LLC and Does 1-10

In the current trading session, FTC Solar Inc (FTCI) jumped 9.60% to $2.74 over a previous close of $2.50 as the company announced financial results for the fourth quarter that ended December 31, 2024.

Ex-Dividends Stocks

Agilent Technologies Inc (A) 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 $0.25 per share. It has fixed April 01 as the record date for the same and will pay the actual dividend on April 23. Last year, the company distributed a total of $0.96 to its shareholders. Based on the last year's worth of payments, A has a trailing yield of 0.82% on the current stock price of $116.69.

Shares of Federal Realty Investment Trust (FRT) 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 $1.1 per share, and in the last 12 months, it paid a total of $3.29 per share. Last year's total dividend payments show that FRT has a trailing yield of 3.39% on the current share price of $96.93.

Realty Income Corp (O) is also set to go ex-dividend tomorrow. The next dividend payment from O will amount to $0.27 per share. April 01 has been designated as the record date for this dividend, with the actual payout scheduled for April 15. In the previous year, O distributed a total of $3.15 to its valued shareholders. Considering the cumulative dividend payments from last year, the trailing yield for O stands at 5.57% based on the current stock price of $56.61.

State Street Corp (STT) will be paying out a dividend of $0.76 per share to shareholders holding their shares as of the close of the business hours on the record date of April 01. Over the past 12 months, STT has paid out a total of $2.90 per share in dividends. Based on the total dividends paid out last year, STT boasts an impressive trailing yield of 3.26% on the current share price of $89.04.

Crypto Market Highlights

• NFT marketplace X2Y2 announces its shutdown after three years of operation.

• Michael Saylor’s Strategy buys nearly $2 billion in Bitcoin, capitalizing on the recent price dip amid concerns over Trump’s upcoming tariff announcement.

• Japanese firm Metaplanet issues 2 billion yen ($13.3 million) in bonds to acquire more Bitcoin, following Michael Saylor’s strategy.

• Cryptocurrency investors shift capital into stablecoins and tokenized real-world assets (RWAs) to avoid volatility ahead of Trump’s tariff announcement on April 2.

• Several members of Donald Trump’s family back a new venture to launch the world’s largest Bitcoin mining firm.

 Most Shorted Stocks

Kohl's Corp (KSS) was one of the most shorted stocks as of latest short interest figures, with 45.26% 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 5.0. This represents a change of -5430000 shares, which corresponds to a -9.98% decrease in short interest. The total value of the shares held short is estimated to be around $415.03 million. The average daily volume stands at 9.79M shares, and the market capitalization of the company is $942.86M.

The Beyond Meat Inc with the symbol BYND currently has a short interest of 51.46%. The short interest has changed by -2270000 shares. The days to cover ratio stands at 8.5. The estimated value of the shares held short is approximately $96.3 million. On an average day, 3.39M shares are traded, with the company's market capitalization totaling $239.05M.

For the stock Groupon Inc (GRPN), the current short interest is at 39.33%. This represents a significant short interest change of 1070000 shares, corresponding to a short interest percentage increase of 14.62%. The days needed to cover the short positions amount to 6.5. The approximate worth of the shares held short is $157.9 million.

With the symbol PHAT, the stock currently has a short interest of 27.67%. The short interest change is 440000 shares, compared with a short interest percentage change of +3.16%. It would take approximately 12.7 days to cover all the short positions. The shares short value is estimated to be around $55.37 million. The company boasts an average daily volume of 1.12M shares, contributing to a market capitalization of $459.60M.

Energy Stocks to Watch

UY Scuti Acquisition Corp. (UYSC) is all set for its debut on the NASDAQ exchange on March 31. The shares will be offered at a fixed price of $10.00 per share. With a total of 5,000,000 shares available, the company aims to raise approximately $50.00M through this IPO.

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

Best Regards,

Stocks Telegraph Team

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