Equities

Very Little Movement In Equity Markets Around The World

In the US, most sectors fell today, with financials and industrials faring worst; Growth, large caps overperformed value, small / mid caps

Published ET

MSCI ACWI + Frontier Gross Total Return vs S&P 500 TR | Source: Refinitiv

MSCI ACWI + Frontier Gross Total Return vs S&P 500 TR | Source: Refinitiv

Twitter iconFacebook iconLinkedIn iconemail iconWhatsApp icon

QUICK SUMMARY

  • Daily performance of US indices: S&P 500 down -0.18%; Nasdaq Composite down -0.09%; Wilshire 5000 down -0.28%
  • 33.7% of S&P 500 stocks were up today, with 89.3% of stocks above their 200-day moving average (DMA) and 62.8% above their 50-DMA
  • The volume of S&P 500 shares traded today was low at 1.8m (3-month z-score: -1.1); the 3-month average volume is 2.3m and the 12-month range is 0.8 - 5.1m
  • Top performing sectors: healthcare up 1.00% and utilities up 0.85%
  • Bottom performing sectors: financials down -1.06% and industrials down -1.03%
  • The S&P 500 Value Index was down -0.4%, while the S&P 500 Growth Index was unchanged; the S&P small caps index was down -0.9% and mid caps were down -0.7%
  • Daily performance of international indices: Europe Stoxx 600 up 0.09%; China CSI 300 unchanged; Japan down -0.05%; UK FTSE 100 down -0.20%

VOLATILITY

  • 1-month at-the-money implied volatility on the S&P 500 at 12.4%, down from 13.0%
  • 1-month at-the-money implied volatility on the Europe Stoxx 600 at 12.5%, up from 12.2%
Sources: ϕpost, Refinitiv dataSources: ϕpost, Refinitiv data

TOP WINNERS

  • Geo Group Inc (GEO), up 38.4% to $16.92 / YTD price return: -.7% / 12-Month Price Range: $ 6.31-24.93 / Short interest (% of float): 36.6%; days to cover: 1.2
  • Clean Energy Fuels Corp (CLNE), up 31.5% to $10.62 / YTD price return: +65.6% / 12-Month Price Range: $ 6.96-25.37 / Short interest (% of float): 9.5%
  • Root Inc (ROOT), up 19.1% to $10.60 / YTD price return: -14.3% / 12-Month Price Range: $ 7.52-32.85 / Short interest (% of float): 6.8%
  • Clear Channel Outdoor Holdings Inc (CCO), up 18.9% to $14.60 / YTD price return: +71.5% / 12-Month Price Range: $ 14.50-20.52
  • Covanta Holding Corp (CVA), up 18.7% to $25.21 / YTD price return: +34.3% / 12-Month Price Range: $ 18.86-29.46 / Short interest (% of float): 4.4%; days to cover: 3.0
  • Corecivic Inc (CXW), up 17.9% to $11.48 / YTD price return: +69.8% / 12-Month Price Range: $ 8.97-32.50 / Short interest (% of float): 15.0%
  • Invesco Mortgage Capital Inc (IVR), up 17.5% to $10.04 / YTD price return: +23.1% / 12-Month Price Range: $ 6.51-24.90 / Short interest (% of float): 29.3%; days to cover: 7.6
  • Inovio Pharmaceuticals Inc (INO), up 16.8% to $107.37 / YTD price return: +13.3% / 12-Month Price Range: $ 44.03-260.00 / Short interest (% of float): 20.9%; days to cover: 9.4
  • Cleveland-Cliffs Inc (CLF), up 14.6% to $38.64 / YTD price return: +59.5% / 12-Month Price Range: $ 7.59-129.80 / Short interest (% of float): 15.0%; days to cover: 2.3
  • Connect Biopharma Holdings Ltd (CNTB), up 13.9% to $47.92 / 12-Month Price Range: $ 32.13-45.75 / Short interest (% of float): 4.1%; days to cover: 2.3

BIGGEST LOSERS

  • Clover Health Investments Corp (CLOV), down 23.6% to $16.92 / YTD price return: +.9% / 12-Month Price Range: $ 6.31-24.93 / Short interest (% of float): 36.6%; days to cover: 1.2 (the stock is currently on the short sale restriction list)
  • CLARIVATE PLC (CLVT), down 19.6% to $26.39 / YTD price return: -11.2% / 12-Month Price Range: $ 20.82-34.79 (the stock is currently on the short sale restriction list)
  • United Natural Foods Inc (UNFI), down 15.7% to $34.26 / YTD price return: +114.5% / 12-Month Price Range: $ 14.23-42.40 (the stock is currently on the short sale restriction list)
  • Dream Finders Homes Inc (DFH), down 14.8% to $26.93 / 12-Month Price Range: $ 17.55-36.60 / Short interest (% of float): 26.0%; days to cover: 11.4 (the stock is currently on the short sale restriction list)
  • Viant Technology Inc (DSP), down 14.5% to $29.06 / 12-Month Price Range: $ 20.59-69.16 / Short interest (% of float): 10.2%; days to cover: 3.3 (the stock is currently on the short sale restriction list)
  • Zhangmen Education Inc (ZME), down 14.1% to $14.60 / 12-Month Price Range: $ 14.50-20.52 (the stock is currently on the short sale restriction list)
  • Wendys Co (WEN), down 12.7% to $25.21 / YTD price return: +15.0% / 12-Month Price Range: $ 18.86-29.46 / Short interest (% of float): 4.4%; days to cover: 3.0 (the stock is currently on the short sale restriction list)
  • AST SpaceMobile Inc (ASTS), down 12.5% to $10.62 / YTD price return: -21.8% / 12-Month Price Range: $ 6.96-25.37 / Short interest (% of float): 9.5%; days to cover: 2.4 (the stock is currently on the short sale restriction list)
  • Hims & Hers Health Inc (HIMS), down 12.4% to $13.45 / YTD price return: -7.9% / 12-Month Price Range: $ 8.09-25.40 / Short interest (% of float): 9.9%; days to cover: 11.5 (the stock is currently on the short sale restriction list)
  • Purecycle Technologies Inc (PCT), down 11.9% to $19.79 / YTD price return: +22.7% / 12-Month Price Range: $ 9.76-35.75 / Short interest (% of float): 5.4%; days to cover: 3.2 (the stock is currently on the short sale restriction list)
Sources: ϕpost, FactSet dataSources: ϕpost, FactSet data

NEW IPOs ANNOUNCED OR PRICED

  • Marqeta Inc / United States of America - High Technology / Listing Exchange: Nasdaq / Ticker: MQ / Gross proceeds (including overallotment): US$ 1,227.27m (offering in U.S. Dollar) / Bookrunners: Goldman Sachs & Co, William Blair & Co, Citigroup Global Markets Inc, KeyBanc Capital Markets Inc, JP Morgan Securities LLC, Barclays Capital Inc
  • Colombier Acquisition Corp / United States of America - Financials / Listing Exchange: New York / Ticker: CLBR.U / Gross proceeds (including overallotment): US$ 150.00m (offering in U.S. Dollar) / Bookrunners: B Riley FBR
  • Beijing Gushengtang Traditional Chinese Medicare Tech Co Ltd / China - Healthcare / Listing Exchange: Hong Kong / Ticker: - / Gross proceeds (including overallotment): US$ 300.00m (offering in U.S. Dollar) / Bookrunners: Not Applicable
  • Summit Healthcare Acquisition Corp / Hong Kong - Financials / Listing Exchange: Nasdaq / Ticker: SMIHU / Gross proceeds (including overallotment): US$ 200.00m (offering in U.S. Dollar) / Bookrunners: Bofa Securities Inc

EQUITY FOLLOW-ONS / SECONDARY OFFERINGS

  • Option Care Health Inc / United States of America - Healthcare / Listing Exchange: Nasdaq / Ticker: OPCH / Gross proceeds (including overallotment): US$ 300.00m (offering in U.S. Dollar) / Bookrunners: Goldman Sachs & Co
  • Topaz Energy Corp / Canada - Energy and Power / Listing Exchange: Toronto / Ticker: TPZ / Gross proceeds (including overallotment): US$ 166.62m (offering in Canadian Dollar) / Bookrunners: Peters & Co Ltd, BMO Nesbitt Burns Inc
  • Renesas Electronics Corp / Japan - High Technology / Listing Exchange: Tokyo 1 / Ticker: 6723 / Gross proceeds (including overallotment): US$ 2,887.08m (offering in Japanese Yen) / Bookrunners: Merrill Lynch International Ltd, Citigroup Global Markets Ltd, Morgan Stanley & Co. International plc, Daiwa Securities Capital Markets Co Ltd, JP Morgan Securities Plc
  • Verallia SAS / France - Materials / Listing Exchange: Euro Paris / Ticker: VRLA / Gross proceeds (including overallotment): US$ 464.02m (offering in EURO) / Bookrunners: Deutsche Bank, Citigroup Inc, BNP Paribas SA, Joh Berenberg Gossler & Co KG(London Branch)
  • Crompton Greaves Consumer Electricals Ltd / India - Industrials / Listing Exchange: National / Ticker: CROMPT / Gross proceeds (including overallotment): US$ 184.42m (offering in Indian Rupee) / Bookrunners: Citigroup
  • China Logistics Property Holdings Co Ltd / China - Industrials / Listing Exchange: Hong Kong / Ticker: 1589 / Gross proceeds (including overallotment): US$ 100.36m (offering in Hong Kong Dollar) / Bookrunners: Citigroup Global Markets Ltd