QUICK SUMMARY

• Daily performance of US indices: S&P 500 down -1.31%; Nasdaq Composite down -0.92%; Wilshire 5000 down -1.24%
• 10.3% of S&P 500 stocks were up today, with 86.1% of stocks above their 200-day moving average (DMA) and 31.7% above their 50-DMA
• The turnover of S&P 500 shares traded today was $171.4 bn, with 1.6 bn shares traded
• Top performing sectors: consumer discretionary down -0.47% and technology down -0.93%
• Bottom performing sectors: energy down -2.92% and utilities down -2.63%
• The S&P 500 Value Index was down -1.9%, while the S&P 500 Growth Index was down -0.8%; the S&P small caps index was down -2.5% and mid caps were down -1.9%
• The volume on the CME S&P 500 index was 3.6m (3-month z-score: 4.3); the 3-month average volume is 2.2m and the 12-month range is 0.8 - 5.1m
• Daily performance of international indices: Europe Stoxx 600 down -1.58%; China CSI 300 up 0.01%; Japan down -0.85%; UK FTSE 100 down -1.90%

VOLATILITY

• 1-month at-the-money implied volatility on the S&P 500 at 14.3%, up from 11.4%
• 1-month at-the-money implied volatility on the Europe Stoxx 600 at 13.0%, up from 12.0%

TOP WINNERS

• Sykes Enterprises Inc (SYKE), up 29.8% to $53.45 / 12-Month Price Range: $ 24.75-$53.45
• ATAI Life Sciences NV (ATAI), up 29.7% to $19.45 on its IPO debut
• AiHuiShou International Co Ltd (RERE), up 22.9% to $17.21 on its IPO debut
• Verve Therapeutics Inc (VERV), up 19.2% to $38.05 / 12-Month Price Range: $ 29.50-$38.05
• Smith & Wesson Brands Inc (SWBI), up 17.2% to $23.35 / YTD price return: +31.5% / 12-Month Price Range: $ 13.36-23.57
• Century Therapeutics Inc (IPSC), up 14.2% to $22.83 on its IPO debut
• ProShares Ultra VIX Short-Term Futures ETF (UVXY), up 13.1% to $35.89 / YTD price return: -66.3% / 12-Month Price Range: $ 29.74-394.20 / Short interest (% of float): 11.7%; days to cover: 0.3
• Knowbe4 Inc (KNBE), up 13.0% to $33.66 / 12-Month Price Range: $ 16.77- $33.66 / Short interest (% of float): 8.5%; days to cover: 1.5
• Codexis Inc (CDXS), up 12.6% to $22.12 / YTD price return: +1.3% / 12-Month Price Range: $ 10.31-29.56 / Short interest (% of float): 11.3%; days to cover: 15.1
• Textainer Group Holdings Ltd (TGH), up 9.8% to $32.83 / 12-Month Price Range: $ 7.60-35.27 (the stock is currently on the short sale restriction list)

BIGGEST LOSERS

• Arrival SA (ARVL), down 14.2% to $17.91 / YTD price return: -36.3% / 12-Month Price Range: $ 9.80-37.18 / Short interest (% of float): 6.8%; days to cover: 4.3 (the stock is currently on the short sale restriction list)
• Nam Tai Property Inc (NTP), down 13.3% to $26.80 / 12-Month Price Range: $ 4.58-37.88 (the stock is currently on the short sale restriction list)
• Thryv Holdings Inc (THRY), down 10.4% to $31.91 / 12-Month Price Range: $ 8.10-36.54 / Short interest (% of float): 1.9%; days to cover: 3.5 (the stock is currently on the short sale restriction list)
• Construction Partners Inc (ROAD), down 10.4% to $29.06 / YTD price return: -.2% / 12-Month Price Range: $ 15.46-36.58 / Short interest (% of float): 2.7%; days to cover: 3.5 (the stock is currently on the short sale restriction list)
• Bancorp Inc (TBBK), down 9.9% to $22.81 / 12-Month Price Range: $ 7.95-26.70 / Short interest (% of float): 5.2%; days to cover: 2.2
• Unisys Corp (UIS), down 9.2% to $24.06 / 12-Month Price Range: $ 9.92-28.60 / Short interest (% of float): 1.9%; days to cover: 3.2 (the stock is currently on the short sale restriction list)
• Ultra Clean Holdings Inc (UCTT), down 8.7% to $49.88 / 12-Month Price Range: $ 19.08-65.33
• Tenneco Inc (TEN), down 8.7% to $19.81 / YTD price return: +86.9% / 12-Month Price Range: $ 6.19-22.75 / Short interest (% of float): 4.5%; days to cover: 2.0
• MicroVision Inc (MVIS), down 8.5% to $18.84 / 12-Month Price Range: $ 1.16-28.00
• Ribbon Communications Inc (RBBN), down 8.2% to $7.40 / 12-Month Price Range: $ 3.61-11.25 / Short interest (% of float): 1.9%; days to cover: 4.2

VALUATION METRICS CHARTS

NEW IPOs ANNOUNCED OR PRICED

• Jaws Juggernaut Acquisition Corp / United States of America - Financials / Listing Exchange: Nasdaq / Ticker: JUGGU / Gross proceeds (including overallotment): US$ 240.00m (offering in U.S. Dollar) / Bookrunners: Credit Suisse Securities (USA) LLC
• Century Therapeutics Inc / United States of America - Healthcare / Listing Exchange: Nasdaq / Ticker: IPSC / Gross proceeds (including overallotment): US$ 211.00m (offering in U.S. Dollar) / Bookrunners: JP Morgan Securities LLC, SVB Leerink LLC, Bofa Securities Inc, Piper Sandler & Co
• Avista Public Acquisition Corp II / United States of America - Financials / Listing Exchange: Nasdaq / Ticker: AHPAU / Gross proceeds (including overallotment): US$ 200.00m (offering in U.S. Dollar) / Bookrunners: Credit Suisse Securities (USA) LLC
• Portage Fintech Acquisition Corp / United States of America - Financials / Listing Exchange: Nasdaq / Ticker: PFTAU / Gross proceeds (including overallotment): US$ 200.00m (offering in U.S. Dollar) / Bookrunners: Goldman Sachs & Co, Scotia Capital (USA) Inc., BTIG LLC
• Cyteir Therapeutics Inc / United States of America - Healthcare / Listing Exchange: Nasdaq / Ticker: CYT / Gross proceeds (including overallotment): US$ 133.20m (offering in U.S. Dollar) / Bookrunners: Morgan Stanley & Co LLC, JP Morgan Securities LLC, Bofa Securities Inc
• Ambrx Biopharma Inc / United States of America - Healthcare / Listing Exchange: New York / Ticker: AMAM / Gross proceeds (including overallotment): US$ 126.00m (offering in U.S. Dollar) / Bookrunners: Cowen & Co, Goldman Sachs & Co, Bofa Securities Inc
• Codex Dna Inc / United States of America - Healthcare / Listing Exchange: Nasdaq / Ticker: DNAY / Gross proceeds (including overallotment): US$ 106.67m (offering in U.S. Dollar) / Bookrunners: Cowen & Co, KeyBanc Capital Markets Inc, Jefferies LLC
• PCGI Intermediate Holdings Ltd / Cayman Islands - Financials / Listing Exchange: No Listing / Ticker: - / Gross proceeds (including overallotment): US$ 2,000.00m (offering in U.S. Dollar) / Bookrunners: Not Applicable
• China Youran Dairy Group Ltd / China - Consumer Staples / Listing Exchange: Hong Kong / Ticker: 9858 / Gross proceeds (including overallotment): US$ 528.96m (offering in Hong Kong Dollar) / Bookrunners: Hongkong & Shanghai Banking Corp Ltd, Citigroup Global Markets Ltd, CLSA Asia-Pacific Markets Ltd, Credit Suisse (Hong Kong) Ltd, ICBC International Capital Ltd, Huatai Financial holdings (Hong Kong) Ltd, China Securities (International) Corporate Finance Co, BOCOM International Securities Ltd, Futu Securities International (Hong Kong) Ltd
• Aramis Group SAS / France - Retail / Listing Exchange: Euro Paris / Ticker: ARAMI / Gross proceeds (including overallotment): US$ 432.77m (offering in EURO) / Bookrunners: Societe Generale SA, Citigroup Inc, BNP Paribas SA, Credit Agricole Corporate & Investment Bank, Morgan Stanley Europe SE
• Elopak AS / Norway - Materials / Listing Exchange: Oslo / Ticker: ELO / Gross proceeds (including overallotment): US$ 357.50m (offering in Norwegian Krone) / Bookrunners: Goldman Sachs International, Carnegie AS, DnB Markets AS, ABG Sundal Collier, SEB
• Zhejiang Publishing & Media Co Ltd / China - Media and Entertainment / Listing Exchange: Shanghai / Ticker: 601921 / Gross proceeds (including overallotment): US$ 248.01m (offering in Chinese Yuan) / Bookrunners: Caitong Securities Co Ltd
• AiHuiShou International Co Ltd / China - Retail / Listing Exchange: New York / Ticker: RERE / Gross proceeds (including overallotment): US$ 227.26m (offering in U.S. Dollar) / Bookrunners: Goldman Sachs (Asia), China Renaissance Securities(Hong Kong)Ltd, Bofa Securities Inc
• ATAI Life Sciences BV / Germany - Healthcare / Listing Exchange: Nasdaq / Ticker: ATAI / Gross proceeds (including overallotment): US$ 225.00m (offering in U.S. Dollar) / Bookrunners: Citigroup Global Markets Inc, Cowen & Co, Credit Suisse Securities (USA) LLC, Berenberg Capital Markets LLC
• Komplett AS / Norway - High Technology / Listing Exchange: Oslo / Ticker: KOMPL / Gross proceeds (including overallotment): US$ 186.02m (offering in Norwegian Krone) / Bookrunners: DnB Markets AS, ABG Sundal Collier, Pareto Securities, SEB
• Shandong Weigao Orthopaedic Device Co Ltd / China - Healthcare / Listing Exchange: SSES / Ticker: 688161 / Gross proceeds (including overallotment): US$ 131.12m (offering in Chinese Yuan) / Bookrunners: Huatai United Securities Co Ltd

EQUITY FOLLOW-ONS / SECONDARY OFFERINGS

• Ares Commercial Real Estate Corp / United States of America - Real Estate / Listing Exchange: New York / Ticker: ACRE / Gross proceeds (including overallotment): US$ 102.83m (offering in U.S. Dollar) / Bookrunners: Wells Fargo Securities LLC, Morgan Stanley & Co LLC, Bofa Securities Inc
• Sbi Cards & Payments Services Ltd / India - Financials / Listing Exchange: National / Ticker: SBIC / Gross proceeds (including overallotment): US$ 648.53m (offering in Indian Rupee) / Bookrunners: Morgan Stanley India Co Pvt, Goldman Sachs(India)Securities
• Auction Technology Group PLC / United Kingdom - Consumer Products and Services / Listing Exchange: London / Ticker: ATG / Gross proceeds (including overallotment): US$ 336.94m (offering in British Pound) / Bookrunners: Numis Securities Ltd, JP Morgan Cazenove
• Acerinox SA / Spain - Materials / Listing Exchange: Madrid / Ticker: ACX / Gross proceeds (including overallotment): US$ 259.72m (offering in EURO) / Bookrunners: UBS AG London
• Mianyang Fulin Precision Machining Co Ltd / China - Industrials / Listing Exchange: - / Ticker: 300432 / Gross proceeds (including overallotment): US$ 209.38m (offering in Chinese Yuan) / Bookrunners: Not Applicable
• Precinct Properties New Zealand Ltd / New Zealand - Real Estate / Listing Exchange: NewZealand / Ticker: PCT / Gross proceeds (including overallotment): US$ 153.96m (offering in New Zealand Dollar) / Bookrunners: Not Applicable
• Baloise Holding AG / Switzerland - Financials / Listing Exchange: Swiss Exch / Ticker: BALN / Gross proceeds (including overallotment): US$ 152.62m (offering in Swiss Franc) / Bookrunners: Not Applicable