QUICK SUMMARY

• Daily performance of US indices: S&P 500 up 0.75%; Nasdaq Composite up 0.81%; Wilshire 5000 up 0.55%
• 60.2% of S&P 500 stocks were up today, with 91.3% of stocks above their 200-day moving average (DMA) and 54.5% above their 50-DMA
• The turnover of S&P 500 shares traded today was $55.0 bn, with 0.4 bn shares traded
• Top performing sectors: technology up 1.39% and consumer discretionary up 1.08%
• Bottom performing sector: financials down -0.20%
• The S&P 500 Value Index was up 0.2%, while the S&P 500 Growth Index was up 1.2%; the S&P small caps index was down -1.0% and mid caps were down -0.3%
• The volume on the INX was 1.5m (3-month z-score: -1.7); the 3-month average volume is 2.1m and the 12-month range is 0.8 - 5.1m
• Daily performance of international indices: Europe Stoxx 600 up 0.26%; China CSI 300 down -2.84%; Japan up 0.86%; UK FTSE 100 down -0.03%

VOLATILITY

• 1-month at-the-money implied volatility on the S&P 500 at 10.1%, down from 10.8%
• 1-month at-the-money implied volatility on the Europe Stoxx 600 at 11.1%, down from 11.6%

TOP WINNERS

• Alector Inc (ALEC), up 57.1% to $35.21 / YTD price return: +132.7% / 12-Month Price Range: $ 9.12-25.40 / Short interest (% of float): 9.6%; days to cover: 11.7
• Shenandoah Telecommunications Co (SHEN), up 15.5% to $56.81 / YTD price return: +31.4% / 12-Month Price Range: $ 38.77-56.77
• IDT Corp (IDT), up 15.4% to $45.38 / 12-Month Price Range: $ 5.95-41.87 / Short interest (% of float): 5.3%; days to cover: 5.3
• Cerence Inc (CRNC), up 14.0% to $123.74 / YTD price return: +23.1% / 12-Month Price Range: $ 34.23-139.00 / Short interest (% of float): 12.1%; days to cover: 10.7
• SentinelOne Inc (S), up 11.4% to $44.59 / 12-Month Price Range: $ 39.94-46.50
• Santander Consumer USA Holdings Inc (SC), up 11.3% to $40.56 / 12-Month Price Range: $ 15.90-39.10 / Short interest (% of float): 4.5%; days to cover: 4.2
• Rafael Holdings Inc (RFL), up 10.5% to $60.01 / 12-Month Price Range: $ 12.08-54.82 / Short interest (% of float): 3.8%; days to cover: 7.6
• Torrid Holdings Inc (CURV), up 10.1% to $26.58 / 12-Month Price Range: $ 22.21-26.35
• Newegg Commerce Inc (NEGG), up 10.0% to $19.20 / YTD price return: +362.7% / 12-Month Price Range: $ 2.76-19.68 / Short interest (% of float): 0.4%; days to cover: 0.5
• Asana Inc (ASAN), up 9.5% to $67.16 / YTD price return: +127.3% / 12-Month Price Range: $ 20.57-64.93 / Short interest (% of float): 6.4%; days to cover: 2.9

BIGGEST LOSERS

• Arrowhead Pharmaceuticals Inc (ARWR), down 25.7% to $63.13 / YTD price return: -17.7% / 12-Month Price Range: $ 32.86-93.66 / Short interest (% of float): 4.4%; days to cover: 5.7 (the stock is currently on the short sale restriction list)
• Zhangmen Education Inc (ZME), down 15.0% to $11.12 / 12-Month Price Range: $ 12.03-20.52 / Short interest (% of float): 0.0%; days to cover: 0.1 (the stock is currently on the short sale restriction list)
• Cricut Inc (CRCT), down 14.8% to $35.08 / 12-Month Price Range: $ 14.88-47.36 / Short interest (% of float): 11.7%; days to cover: 2.1 (the stock is currently on the short sale restriction list)
• Cerevel Therapeutics Holdings Inc (CERE), down 13.9% to $23.13 / YTD price return: +39.5% / 12-Month Price Range: $ 9.00-31.09 / Short interest (% of float): 10.4%; days to cover: 14.5 (the stock is currently on the short sale restriction list)
• Digital Turbine Inc (APPS), down 12.8% to $68.27 / YTD price return: +20.7% / 12-Month Price Range: $ 11.76-102.56 / Short interest (% of float): 3.7%; days to cover: 1.1 (the stock is currently on the short sale restriction list)
• Smith & Wesson Brands Inc (SWBI), down 12.5% to $30.96 / 12-Month Price Range: $ 14.50-39.61 / Short interest (% of float): 11.4%; days to cover: 4.1 (the stock is currently on the short sale restriction list)
• Dingdong (Cayman) Ltd (DDL), down 11.5% to $28.81 / 12-Month Price Range: $ 22.70-46.00 (the stock is currently on the short sale restriction list)
• Sorrento Therapeutics Inc (SRNE), down 11.2% to $9.76 / YTD price return: +42.9% / 12-Month Price Range: $ 5.17-19.39 / Short interest (% of float): 19.6%; days to cover: 7.8 (the stock is currently on the short sale restriction list)
• Noah Holdings Ltd (NOAH), down 10.9% to $41.25 / YTD price return: -13.7% / 12-Month Price Range: $ 24.77-52.77 / Short interest (% of float): 3.1%; days to cover: 10.1 (the stock is currently on the short sale restriction list)
• Pop Culture Group Co Ltd (CPOP), down 10.9% to $53.40 / 12-Month Price Range: $ 12.26-78.00 (the stock is currently on the short sale restriction list)

VALUATION METRICS CHARTS

NEW IPOs ANNOUNCED OR PRICED

• Kakaopay Corp / South Korea - High Technology / Listing Exchange: Korea / Ticker: N/A / Gross proceeds (including overallotment): US$ 655.30m (offering in Korean Won) / Bookrunners: Daishin Securities Co Ltd, Goldman Sachs & Co, JP Morgan & Co Inc, Samsung Securities Co Ltd
• Keymed Biosciences Inc / China - Healthcare / Listing Exchange: Hong Kong / Ticker: 2162 / Gross proceeds (including overallotment): US$ 199.96m (offering in Hong Kong Dollar) / Bookrunners: Morgan Stanley (Asia) Ltd, China International Capital Corp HK Securities Ltd, China Everbright Sec(HK)Ltd, Huatai Financial holdings (Hong Kong) Ltd

EQUITY FOLLOW-ONS / SECONDARY OFFERINGS

• Kaspi.kz JSC / Kazakhstan - Financials / Listing Exchange: London / Ticker: KSPI / Gross proceeds (including overallotment): US$ 220.40m (offering in U.S. Dollar) / Bookrunners: Goldman Sachs International