QUICK SUMMARY

• Daily performance of US indices: S&P 500 down -0.86%; Nasdaq Composite down -0.72%; Wilshire 5000 down -0.86%
• 12.7% of S&P 500 stocks were up today, with 88.5% of stocks above their 200-day moving average (DMA) and 43.2% above their 50-DMA
• The volume of S&P 500 shares traded today was 2.1m (3-month z-score: -0.2); the 3-month average volume is 2.1m and the 12-month range is 0.8 - 5.1m
• Top performing sectors: real estate down -0.08% and consumer discretionary down -0.09%
• Bottom performing sectors: financials down -1.96% and industrials down -1.43%
• The S&P 500 Value Index was down -1.0%, while the S&P 500 Growth Index was down -0.7%; the S&P small caps index was down -1.2% and mid caps were down -1.3%
• Daily performance of international indices: China CSI 300 down -0.97%; Japan down -1.92%; UK FTSE 100 down -1.68%

VOLATILITY

• 1-month at-the-money implied volatility on the S&P 500 at 13.8%, up from 11.4%
• 1-month at-the-money implied volatility on the Europe Stoxx 600 at 14.3%, up from 11.6%

TOP WINNERS

• Virgin Galactic Holdings Inc (SPCE), up 17.3% to $52.69 / YTD price return: +122.0% / 12-Month Price Range: $ 14.27-62.80 / Short interest (% of float): 20.3%; days to cover: 1.1
• ATAI Life Sciences NV (ATAI), up 11.3% to $19.48 / 12-Month Price Range: $ 16.50-22.91
• Cassava Sciences Inc (SAVA), up 9.5% to $106.00 / YTD price return: +1,454.3% / 12-Month Price Range: $ 2.78-117.54 / Short interest (% of float): 10.0%; days to cover: 1.9
• Group 1 Automotive Inc (GPI), up 8.3% to $162.87 / YTD price return: +24.2% / 12-Month Price Range: $ 62.51-175.04 / Short interest (% of float): 11.7%; days to cover: 13.2
• Senseonics Holdings Inc (SENS), up 7.7% to $3.36 / YTD price return: +285.4% / 12-Month Price Range: $ .35-5.56 / Short interest (% of float): 21.5%; days to cover: 2.0
• Sorrento Therapeutics Inc (SRNE), up 7.3% to $8.87 / YTD price return: +30.0% / 12-Month Price Range: $ 5.17-19.39 / Short interest (% of float): 19.6%; days to cover: 7.9
• Celldex Therapeutics Inc (CLDX), up 7.2% to $31.04 / YTD price return: +77.2% / 12-Month Price Range: $ 9.59-35.69 / Short interest (% of float): 6.7%; days to cover: 6.9
• Seaboard Corp (SEB), up 7.1% to $4,189.95 / YTD price return: +38.2% / 12-Month Price Range: $ 2,624.50-4,189.96 / Short interest (% of float): 0.8%; days to cover: 3.2
• AMC Entertainment Holdings Inc (AMC), up 6.4% to $47.94 / YTD price return: +2,161.3% / 12-Month Price Range: $ 1.91-72.62 / Short interest (% of float): 17.0%; days to cover: 0.3 (the stock is currently on the short sale restriction list)

BIGGEST LOSERS

• Newegg Commerce Inc (NEGG), down 32.2% to $45.80 / YTD price return: +1,003.6% / 12-Month Price Range: $ 2.76-79.07 / Short interest (% of float): 0.4%; days to cover: 0.5 (the stock is currently on the short sale restriction list)
• 360 DigiTech Inc (QFIN), down 21.5% to $26.02 / YTD price return: +120.7% / 12-Month Price Range: $ 9.67-45.00 / Short interest (% of float): 2.2%; days to cover: 0.7 (the stock is currently on the short sale restriction list)
• Lufax Holding Ltd (LU), down 14.9% to $9.00 / YTD price return: -36.6% / 12-Month Price Range: $ 9.85-20.17 / Short interest (% of float): 0.7%; days to cover: 3.0 (the stock is currently on the short sale restriction list)
• Grupo Simec SAB de CV (SIM), down 14.2% to $22.50 / YTD price return: +75.8% / 12-Month Price Range: $ 5.65-31.73 / Short interest (% of float): 0.0%; days to cover: 0.9 (the stock is currently on the short sale restriction list)
• Lexinfintech Holdings Ltd (LX), down 12.7% to $9.26 / YTD price return: +38.2% / 12-Month Price Range: $ 6.04-15.42 / Short interest (% of float): 1.0%; days to cover: 0.7 (the stock is currently on the short sale restriction list)
• Full Truck Alliance Co Ltd (YMM), down 11.0% to $15.13 / 12-Month Price Range: $ 14.89-22.80 (the stock is currently on the short sale restriction list)
• Viant Technology Inc (DSP), down 9.9% to $22.65 / 12-Month Price Range: $ 20.59-69.16 / Short interest (% of float): 14.3%; days to cover: 3.8 (the stock is currently on the short sale restriction list)
• New Oriental Education & Technology Group Inc (EDU), down 9.8% to $6.25 / YTD price return: -66.4% / 12-Month Price Range: $ 6.82-19.97 / Short interest (% of float): 4.8%; days to cover: 1.8 (the stock is currently on the short sale restriction list)
• FinVolution Group (FINV), down 8.9% to $8.02 / YTD price return: +200.4% / 12-Month Price Range: $ 1.57-10.61 / Short interest (% of float): 2.4%; days to cover: 1.3 (the stock is currently on the short sale restriction list)
• Evgo Inc (EVGO), down 8.8% to $12.52 / YTD price return: +16.9% / 12-Month Price Range: $ 9.75-24.34 / Short interest (% of float): 11.5%; days to cover: 5.0

VALUATION METRICS CHARTS

NEW IPOs ANNOUNCED OR PRICED

• Apex Technology Acquisition Corp II / United States of America - Financials / Listing Exchange: Nasdaq / Ticker: APXBU / Gross proceeds (including overallotment): US$ 300.00m (offering in U.S. Dollar) / Bookrunners: Goldman Sachs & Co, Mizuho Securities USA Inc, Cantor Fitzgerald & Co
• Kindstar Globalgene Technology Inc / China - Healthcare / Listing Exchange: Hong Kong / Ticker: 9960 / Gross proceeds (including overallotment): US$ 148.88m (offering in Hong Kong Dollar) / Bookrunners: Goldman Sachs (Asia), Credit Suisse (Hong Kong) Ltd, China International Capital Corp HK Securities Ltd

EQUITY FOLLOW-ONS / SECONDARY OFFERINGS

• Ellington Financial Inc / United States of America - Real Estate / Listing Exchange: New York / Ticker: EFC / Gross proceeds (including overallotment): US$ 109.32m (offering in U.S. Dollar) / Bookrunners: Keefe Bruyette & Woods Inc, JMP Securities LLC, Morgan Stanley & Co LLC, Bofa Securities Inc, UBS Securities LLC
• Jinyu Bio-Technology Co Ltd / China - Healthcare / Listing Exchange: Shanghai / Ticker: 600201 / Gross proceeds (including overallotment): US$ 139.07m (offering in Chinese Yuan) / Bookrunners: Not Applicable