Equities
Broad US Indices Unchanged Today On Very Low Volume
Losers outnumbered gainers 2 to 1 in the S&P 500 today, but large growth / technology stocks pulled the index to unchanged
Published ET
S&P 100 Market Caps | Sources: ϕpost, FactSet data
QUICK SUMMARY
- Daily performance of US indices: S&P 500 down -0.03%; Nasdaq Composite up 0.21%; Wilshire 5000 down -0.02%
- 30.9% of S&P 500 stocks were up today, with 79.0% of stocks above their 200-day moving average (DMA) and 65.0% above their 50-DMA
- Top performing sectors in the S&P 500: technology up 0.38% and telecoms up 0.11%
- Bottom performing sectors in the S&P 500: utilities down -0.80% and materials down -0.69%
- The number of shares in the S&P 500 traded today was 415m for a total turnover of US$ 52 bn
- The S&P 500 Value Index was down -0.4%, while the S&P 500 Growth Index was up 0.3%; the S&P small caps index was down -0.6% and mid caps were down -0.5%
- The volume on CME's INX (S&P 500 Index) was 1.5m (3-month z-score: -1.3); 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 down -0.56%; UK FTSE 100 down -0.36%; China CSI 300 down -0.54%; Japan's TOPIX 500 up 1.66%
VOLATILITY
- 1-month at-the-money implied volatility on the S&P 500 at 10.9%, down from 11.0%
- 1-month at-the-money implied volatility on the Europe Stoxx 600 at 11.6%, up from 11.2%
TOP WINNERS
- MongoDB Inc (MDB), up 26.3% to $507.41 / YTD price return: +41.3% / 12-Month Price Range: $ 200.50-428.97
- IronNet Inc (IRNT), up 23.4% to $16.66 / YTD price return: +64.6% / 12-Month Price Range: $ 9.37-18.41 / Short interest (% of float): 20.8%; days to cover: 3.3
- Hut 8 Mining Corp (HUT), up 19.5% to $10.67 / YTD price return: +288.0% / 12-Month Price Range: $ .59-13.00 / Short interest (% of float): 2.8%; days to cover: 0.9
- Hippo Holdings Inc (HIPO), up 19.1% to $5.23 / 12-Month Price Range: $ 3.78-15.05 / Short interest (% of float): 0.1%; days to cover: 1.5 (the stock is currently on the short sale restriction list)
- Adagio Therapeutics Inc (ADGI), up 18.3% to $42.39 / 12-Month Price Range: $ 20.50-36.12 / Short interest (% of float): 0.1%; days to cover: 0.0
- Rocket Lab USA Inc (RKLB), up 16.3% to $13.52 / YTD price return: +33.7% / 12-Month Price Range: $ 9.50-15.15 / Short interest (% of float): 0.2%; days to cover: 0.9
- Aeye Inc (LIDR), up 14.5% to $10.73 / 12-Month Price Range: $ 8.30-14.49 / Short interest (% of float): 1.2%; days to cover: 4.4
- DigitalOcean Holdings Inc (DOCN), up 14.5% to $73.46 / 12-Month Price Range: $ 35.35-65.96 / Short interest (% of float): 4.6%; days to cover: 1.9
- Connect Biopharma Holdings Ltd (CNTB), up 13.2% to $24.95 / 12-Month Price Range: $ 14.02-29.27 / Short interest (% of float): 1.5%; days to cover: 12.5
- SmartRent Inc (SMRT), up 12.6% to $14.06 / 12-Month Price Range: $ 9.78-15.14 / Short interest (% of float): 0.0%; days to cover: 0.2
BIGGEST LOSERS
- Joby Aviation Inc (JOBY), down 14.8% to $10.16 / YTD price return: -12.1% / 12-Month Price Range: $ 8.25-17.00 / Short interest (% of float): 3.0%; days to cover: 1.8 (the stock is currently on the short sale restriction list)
- Berkshire Grey Inc (BGRY), down 14.5% to $7.37 / 12-Month Price Range: $ 8.03-13.45 (the stock is currently on the short sale restriction list)
- Humacyte Inc (HUMA), down 13.1% to $13.84 / YTD price return: +36.1% / 12-Month Price Range: $ 9.12-17.45 / Short interest (% of float): 1.7%; days to cover: 8.0 (the stock is currently on the short sale restriction list)
- Tattooed Chef Inc (TTCF), down 8.1% to $22.08 / YTD price return: -3.5% / 12-Month Price Range: $ 14.09-28.64 / Short interest (% of float): 26.6%; days to cover: 8.9
- Amyris Inc (AMRS), down 7.9% to $13.82 / YTD price return: +123.8% / 12-Month Price Range: $ 1.88-23.42 / Short interest (% of float): 10.7%; days to cover: 7.1
- Brigham Minerals Inc (MNRL), down 7.7% to $18.04 / YTD price return: +64.1% / 12-Month Price Range: $ 8.05-21.94 / Short interest (% of float): 2.2%; days to cover: 5.6
- Core & Main Inc (CNM), down 7.7% to $27.78 / 12-Month Price Range: $ 21.45-30.57 / Short interest (% of float): 2.4%; days to cover: 0.5
- Tecnoglass Inc (TGLS), down 7.7% to $21.97 / YTD price return: +217.9% / 12-Month Price Range: $ 4.21-26.00 / Short interest (% of float): 3.9%; days to cover: 3.2 (the stock is currently on the short sale restriction list)
- Cassava Sciences Inc (SAVA), down 7.6% to $50.20 / YTD price return: +636.1% / 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)
- Ke Holdings Inc (BEKE), down 7.5% to $18.98 / YTD price return: -69.2% / 12-Month Price Range: $ 15.35-79.40 / Short interest (% of float): 1.9%; days to cover: 1.3
NEW IPOs ANNOUNCED OR PRICED
- Digital World Acquisition Corp / United States of America - Financials / Listing Exchange: Nasdaq / Ticker: DWACU / Gross proceeds (including overallotment): US$ 250.00m (offering in U.S. Dollar) / Bookrunners: Kingswood Capital Markets LLC
- Crixus BH3 Acquisition Corp / United States of America - Financials / Listing Exchange: Nasdaq / Ticker: BHACU / Gross proceeds (including overallotment): US$ 200.00m (offering in U.S. Dollar) / Bookrunners: Guggenheim Securities LLC, BTIG LLC
- Laowang Holding Ltd / China - Retail / Listing Exchange: Hong Kong / Ticker: N/A / Gross proceeds (including overallotment): US$ 200.00m (offering in U.S. Dollar) / Bookrunners: Not Applicable
EQUITY FOLLOW-ONS / SECONDARY OFFERINGS
- Converge Technology Solutions Corp / Canada - High Technology / Listing Exchange: Toronto / Ticker: CTS / Gross proceeds (including overallotment): US$ 205.32m (offering in Canadian Dollar) / Bookrunners: Canaccord Genuity Corp
- Tecan Group AG / Switzerland - Healthcare / Listing Exchange: Swiss Exch / Ticker: TECN / Gross proceeds (including overallotment): US$ 391.10m (offering in Swiss Franc) / Bookrunners: Credit Suisse, Joh Berenberg Gossler & Co KG(London Branch)