Upcoming IPOs: Midday Winners Under $10

U.S. stocks rallied Monday after the U.S. and China agreed to temporarily cut tariffs following weekend negotiations in Switzerland.

As of 11:26 AM ET, the Dow was up 911.51 points, or 2.2098%, at $42,160.9. The Nasdaq Composite added 628.05 points, or 3.13%, at $20,689.5. The S&P 500 rose 140.69 points, or 2.49%, at $5,800.6. Among the 11 major S&P 500 sectors, 10 showed negative movement, with Real Estate leading the way with a -1.25% decrease.  

Treasury Secretary Scott Bessent called the talks “very productive,” with both countries agreeing to slash reciprocal tariffs by 115% for 90 days, reducing U.S. tariffs on Chinese goods to 30% and Chinese tariffs on U.S. imports to 10%.

Meanwhile, Commerce Secretary Howard Lutnick said the 10% baseline tariff on imports from other nations will likely remain in place “for the foreseeable future,” in line with recent comments from President Trump.

Top Movers: Under $10 

CytomX Therapeutics Inc (CTMX) is up 98.73% today to trade at the current level of $1.85. This comes after announcing financial results and positive interim data of a clinical trial.

Inno Holdings Inc (INHD) zoomed 146.78% in today’s trade to $13.33. This rally can be attributed to news of strategic cooperation.

In current trading, Allot Ltd (ALLT) stock is at $7.58 following news of 6% revenue growth reported in Q1 2025 financial results.

Sally Beauty Holdings Inc (SBH) rose 21.26% in the early hours of today's trading to move at $9.91. The strong performance of SBH stock came as investors were encouraged by its second quarter fiscal 2025 results with gross margin expansion of 100 basis points.

In the current trading session, Blade Air Mobility Inc (BLDE) jumped 15.75% to $3.38 over a previous close of $2.92 as the company announced financial results with improved revenue and earnings.

Ex-Dividends Stocks

Delta Air Lines, Inc (DAL) is about to trade ex-dividend tomorrow, meaning that investors who buy the stock after tomorrow will not be eligible for the next dividend payment. The company's next dividend payment will be $0.15 per share. It has fixed May 13 as the record date for the same and will pay the actual dividend on June 03. Last year, the company distributed a total of $0.55 to its shareholders. Based on the last year's worth of payments, DAL has a trailing yield of 1.07% on the current stock price of $51.20.

Another stock that is shelling out dividends tomorrow is American Water Works Co. Inc (AWK), having a market capitalization of $27.47B. It will pay a dividend of $0.83 per share, the payment date of which is June 03. Currently, the stock is trading at a trailing dividend yield of 2.17%.

Shares of Visa Inc (V) will be the talk of stock market on Tuesday as the stock will turn ex-dividend. The company's next dividend payment will be $0.59 per share, and in the last 12 months, it paid a total of $2.22 per share. Last year's total dividend payments show that V has a trailing yield of 0.62% on the current share price of $355.28.

Sap SE ADR (SAP) is also set to go ex-dividend tomorrow. The next dividend payment from SAP will amount to $1.84 per share. May 13 has been designated as the record date for this dividend, with the actual payout scheduled for May 23. In the previous year, SAP distributed a total of $2.39 to its valued shareholders. Considering the cumulative dividend payments from last year, the trailing yield for SAP stands at 0.82% based on the current stock price of $290.80.

Crypto Market Highlights

• Strategy’s latest Bitcoin purchase resulted in a yield of 15.5%, surpassing its 2025 target, which was recently raised to 25%. Michael Saylor’s Strategy acquired more Bitcoin as the cryptocurrency rose above $100,000 last week.

• Gryphon Digital Mining is set to acquire American Bitcoin in a stock-for-stock transaction, with the combined entity continuing under the American Bitcoin brand, following the announcement of the merger on May 12.

• Analysts suggest that the constructive tone of tariff negotiations between the US and China reduces the risk of sudden re-escalation, potentially allowing risk assets to surpass January's peaks and setting the stage for a broader recovery in stock and cryptocurrency markets, with investors anticipating a potential tax relief package.

• Nakamoto Holdings, founded by David Bailey, has merged with KindlyMD, a healthcare provider, to create a global Bitcoin-native treasury network aimed at integrating Bitcoin with healthcare services.

• DeGods creator Frank DeGods resigned as CEO after three years, as the NFT collection saw a 101% sales spike on the Solana network.

  Most Shorted Stocks

Heron Therapeutics Inc (HRTX) was one of the most shorted stocks as of latest short interest figures, with 23.00% short interest. The days to cover ratio, a measure of how long it would take for all the short positions to be covered based on average trading volume, is 19.9. This represents a change of 440,000 shares, which corresponds to a +1.35% increase in short interest. The total value of the shares held short is estimated to be around $69.55 million. The average daily volume stands at 1.90M shares, and the market capitalization of the company is $321.14M.

The Precigen Inc with the symbol PGEN currently has a short interest of 15.62%. The short interest has changed by 1,460,000 shares. The days to cover ratio stands at 14.5. The estimated value of the shares held short is approximately $35.76 million. On an average day, 1.58M shares are traded, with the company's market capitalization totaling $416.13M.

For the stock W & T Offshore Inc (WTI), the current short interest is at 21.69%. This represents a significant short interest change of 1,580,000 shares, corresponding to a short interest percentage increase of +8.04%. The days needed to cover the short positions amount to 16.2. The approximate worth of the shares held short is $30.78 million.

With the symbol NRGV, the stock currently has a short interest of 25.94%. The short interest change is 1,620,000 shares, compared with a short interest percentage change of +7.82%. It would take approximately 15.0 days to cover all the short positions. The shares short value is estimated to be around $18.47 million. The company boasts an average daily volume of 1.49M shares, contributing to a market capitalization of $134.85M.

The stock SRRK has a current short interest of 22.43%. The short interest percentage has experienced an increase of +4.24% while there was a change of 690,000 shares in short interest. The ratio indicating the time required to cover short positions is 15.3. The calculated worth of the shorted shares amounts to around $706.74 million. Trading activity averages at 1.20M shares per day, while the company's market capitalization stands at $3.00B.

Upcoming IPOs

Antalpha Platform Holding Company (ANTA) is all set for its debut on the NASDAQ exchange on May 13. They are offering shares in the price range of $11.00 to $13.00. With a total of 3,850,000 shares available, the company aims to raise approximately $46.20M through this IPO.

OMS Energy Technologies Inc. (OMSE) will be entering the market with its IPO on May 13, on the NASDAQ exchange. The shares will be offered at a fixed price of $9.00 per share. They plan to offer 5,555,556 shares, targeting a deal size of $50.00M.

eToro Group Ltd. (ETOR) is also scheduled to make its debut on the NASDAQ exchange on May 14. They are offering shares in the price range of $46.00 to $50.00. The IPO includes 10,000,000 shares, aiming for a deal size of $480.00M

Kandal M Venture Limited (FMFC) is set to join the NASDAQ on May 16. They are offering shares in the price range of $4.00 to $5.00. They are offering 2,000,000 shares, with an estimated deal size of $9.00M.

That's it for today. Thanks for reading. Good luck out there!

Best Regards,

Stocks Telegraph Team

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