QUICK SUMMARY

• Daily performance of US indices: S&P 500 up 0.43%; Nasdaq Composite up 0.90%; Wilshire 5000 up 0.36%
• 49.1% of S&P 500 stocks were up today, with 79.8% of stocks above their 200-day moving average (DMA) and 68.3% above their 50-DMA
• Top performing sectors in the S&P 500: real estate up 1.15% and technology up 1.09%
• Bottom performing sectors in the S&P 500: financials down -1.47% and energy down -1.16%
• The number of shares in the S&P 500 traded today was 417m for a total turnover of US$ 53 bn
• The S&P 500 Value Index was down -0.4%, while the S&P 500 Growth Index was up 1.1%; the S&P small caps index was down -0.6% and mid caps were down -0.2%
• The volume on CME's INX (S&P 500 Index) was 1.6m (3-month z-score: -1.2); the 3-month average volume is 2.0m and the 12-month range is 0.8 - 5.1m
• Daily performance of international indices: Europe Stoxx 600 up 0.07%; UK FTSE 100 up 0.32%; tonight in Asia, China's CSI 300 down -0.66% and Japan's TOPIX 500 down -0.36%

VOLATILITY

• 1-month at-the-money implied volatility on the S&P 500 at 11.9%, up from 10.9%
• 1-month at-the-money implied volatility on the Europe Stoxx 600 at 11.0%, up from 10.9%

NOTABLE S&P 500 EARNINGS RELEASES

• Catalent Inc (CTLT | Healthcare): beat on EPS (1.16 act. vs. 1.03 est.) and beat on revenue (1,188m act. vs. 1,139m est.), up 0.35% today

TOP WINNERS

• Globalstar Inc (GSAT), up 64.3% to $2.35 / YTD price return: +594.0% / 12-Month Price Range: $ .29-2.98 / Short interest (% of float): 8.5%; days to cover: 6.7
• Affirm Holdings Inc (AFRM), up 46.7% to $99.59 / 12-Month Price Range: $ 46.50-146.90 / Short interest (% of float): 6.1%; days to cover: 2.8
• Valneva SE (VALN), up 32.5% to $51.00 / 12-Month Price Range: $ 24.16-39.32 / Short interest days to cover: 2.1
• Mechel PAO (MTL_p), up 22.3% to $1.70 / 12-Month Price Range: $ .36-1.49 / Short interest days to cover: 0.1
• Discovery Inc (DISCB), up 18.0% to $50.83 / YTD price return: +56.9% / 12-Month Price Range: $ 26.00-150.72 / Short interest (% of float): 1.4%; days to cover: 1.7
• Mechel PAO (MTL), up 17.7% to $3.39 / 12-Month Price Range: $ 1.29-2.88 / Short interest (% of float): 0.1%; days to cover: 0.3
• Daqo New Energy Corp (DQ), up 17.5% to $64.00 / YTD price return: +11.6% / 12-Month Price Range: $ 18.22-130.33
• Iridium Communications Inc (IRDM), up 15.4% to $46.88 / YTD price return: +19.2% / 12-Month Price Range: $ 23.65-54.65
• Skywater Technology Inc (SKYT), up 14.0% to $31.20 / 12-Month Price Range: $ 14.25-34.43 / Short interest (% of float): 8.8%; days to cover: 1.6
• Connect Biopharma Holdings Ltd (CNTB), up 14.0% to $20.65 / 12-Month Price Range: $ 14.02-29.27 / Short interest (% of float): 1.5%; days to cover: 12.5

BIGGEST LOSERS

• Astra Space Inc (ASTR), down 18.7% to $9.49 / YTD price return: -6.1% / 12-Month Price Range: $ 8.12-22.47 / Short interest (% of float): 5.2%; days to cover: 1.5 (the stock is currently on the short sale restriction list)
• Zeta Global Holdings Corp (ZETA), down 10.3% to $6.38 / 12-Month Price Range: $ 5.27-9.44 / Short interest (% of float): 2.0%; days to cover: 3.8 (the stock is currently on the short sale restriction list)
• Intapp Inc (INTA), down 10.0% to $35.08 / 12-Month Price Range: $ 24.94-40.91 / Short interest (% of float): 0.4%; days to cover: 0.5 (the stock is currently on the short sale restriction list)
• Olo Inc (OLO), down 9.8% to $40.66 / 12-Month Price Range: $ 22.88-49.00 / Short interest (% of float): 7.2%; days to cover: 5.2 (the stock is currently on the short sale restriction list)
• TuSimple Holdings Inc (TSP), down 9.3% to $45.35 / 12-Month Price Range: $ 27.24-79.84 / Short interest (% of float): 6.1%; days to cover: 5.4 (the stock is currently on the short sale restriction list)
• F45 Training Holdings Inc (FXLV), down 8.9% to $14.13 / 12-Month Price Range: $ 12.98-17.75 / Short interest (% of float): 6.1%; days to cover: 2.0
• Caribou Biosciences Inc (CRBU), down 8.9% to $24.58 / 12-Month Price Range: $ 15.00-29.95 / Short interest (% of float): 1.1%; days to cover: 0.4
• Cassava Sciences Inc (SAVA), down 8.7% to $53.26 / YTD price return: +680.9% / 12-Month Price Range: $ 2.78-146.16 / Short interest (% of float): 14.4%; days to cover: 0.9 (the stock is currently on the short sale restriction list)
• Ouster Inc (OUST), down 8.2% to $8.35 / YTD price return: -38.1% / 12-Month Price Range: $ 7.40-17.73 / Short interest (% of float): 11.3%; days to cover: 14.8
• Absci Corp (ABSI), down 8.0% to $18.21 / 12-Month Price Range: $ 18.21-31.53 / Short interest (% of float): 0.9%; days to cover: 1.3 (the stock is currently on the short sale restriction list)

VALUATION MULTIPLES BY SECTORS

NEW IPOs ANNOUNCED OR PRICED

• Endurance Acquisition Corp / United States of America - Financials / Listing Exchange: Nasdaq / Ticker: EDNCU / Gross proceeds (including overallotment): US$ 200.00m (offering in U.S. Dollar) / Bookrunners: Cantor Fitzgerald & Co
• Waaree Energies Ltd / India - Energy and Power / Listing Exchange: National / Ticker: - / Gross proceeds (including overallotment): US$ 176.94m (offering in Indian Rupee) / Bookrunners: Not Applicable

EQUITY FOLLOW-ONS / SECONDARY OFFERINGS

• OBIC Business Consultants Co Ltd / Japan - High Technology / Listing Exchange: Tokyo 1 / Ticker: 4733 / Gross proceeds (including overallotment): US$ 211.10m (offering in Japanese Yen) / Bookrunners: Nomura International PLC, Daiwa Securities Capital Markets Co Ltd