U.S. stocks traded mixed on Monday, with the Dow Jones Industrial Average gaining 0.44%, while the S&P 500 turned negative and the Nasdaq Composite fell 0.34%, following a week of record highs. 

Oil prices surged 2%, with West Texas Intermediate reaching approximately $93 per barrel and Brent crude climbing to $106, amid uncertainty over a Russia-Ukraine ceasefire and escalating Middle East tensions. 

Wall Street’s major indexes ended the previous week higher, supported by technology stocks. Investors now await September inflation data, with the Consumer Price Index due Wednesday and the Producer Price Index on Thursday, for fresh economic signals.

Top Movers: Under $10 

Gix Internet Ltd (GIXI) is up 64.52% today to trade at the current level of $6.40. This comes after the company announced that its subsidiary, deliverz.ai, has expanded its robotic delivery project at Israel’s largest hospital to include blood and bone marrow, alongside chemotherapy medications.

Euro Tech Holdings Co Ltd (CLWT) zoomed 50.01% in today’s trade to $2.04 after announcing that it has signed a 50/50 joint venture agreement with Sea Clean AS in Norway.

In current trading, SkyAI Inc (SKYA) stock is at $2.58 after announcing its intention to commence a cash tender offer to purchase common stock and pre-funded warrants at $3.00 per share/pre-funded warrant.

DataMEDS AI Inc (MEDS) rose 5.07% in the early hours of today's trading to move at $3.11 after announcing Helomics received medicaid coverage policy for Chemofx(R) assay in Gynecologic Cancers.

In the current trading session, Alignment Healthcare Inc (ALHC) jumped 8.39% to $8.18 over a previous close of $7.55 after announcing that a new Central Health Harmony (HMO) Medicare Advantage plan will be available in Los Angeles and Orange counties beginning Jan. 1, 2027.

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Ex-Dividend Stocks

Danaos Corp (DAC) 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 $6 per share. It has fixed October 13 as the record date for the same and will pay the actual dividend on October 22. Last year, the company distributed a total of $3.60 to its shareholders. Based on last year's worth of payments, DAC has a trailing yield of 2.12% on the current stock price of $169.57.

Another stock that is shelling out dividends Wednesday is AECOM (ACM), having a market capitalization of $7.66B. It will pay a dividend of $0.31 per share, the payment date of which is October 30. Currently, the stock is trading at a trailing dividend yield of 1.56%.

Shares of Fomento Economico Mexicano SAB de CV ADR (FMX) will be the talk of the stock market on Wednesday as the stock will turn ex-dividend. The company's next dividend payment will be $1.78 per share, and in the last 12 months, it paid a total of $2.58 per share. Last year's total dividend payments show that FMX has a trailing yield of 2.16% on the current share price of $119.69.

PNC Financial Services Group Inc (PNC) is also set to go ex-dividend Wednesday. The next dividend payment from PNC will amount to $2 per share. October 14 has been designated as the record date for this dividend, with the actual payout scheduled for November 05. In the previous year, PNC distributed a total of $7.10 to its valued shareholders. Considering the cumulative dividend payments from last year, the trailing yield for PNC stands at 3.22% based on the current stock price of $220.53.

Full Truck Alliance Co Ltd ADR (YMM) will be paying out a dividend of $0.08 per share to shareholders holding their shares as of the close of the business hours on the record date of October 14. Over the past 12 months, YMM has paid out a total of $0.26 per share in dividends. Based on the total dividends paid out last year, YMM boasts an impressive trailing yield of 3.11% on the current share price of $8.49.

Crypto Market Highlights

• Evernorth (XRPN) shares jumped 5% on their Nasdaq debut.

• Strategy bought 250 BTC for $21.5 million, bringing holdings to 848,250 BTC.

• Kraken’s parent company, Payward, received VARA approval to offer crypto services in Dubai.

• Standard Chartered launched institutional custody services for Ripple’s RLUSD stablecoin.

• XRP Ledger developers defended an emergency patch to prevent a vulnerability that could have allowed excess XRP creation.

Most Shorted Stocks

Globant SA (GLOB) was one of the most shorted stocks as of latest short interest figures, with 27.83% 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 13.2. This represents a change of 785082 shares, which corresponds to a 7.08% increase in short interest. The total value of the shares held short is estimated to be around $432.85 million. The average daily volume stands at 1.40M shares, and the market capitalization of the company is $1.57B.

The Transocean Ltd with the symbol RIG currently has a short interest of 29.65%. The short interest has changed by 21257234 shares. The days to cover ratio stands at 6.9. The estimated value of the shares held short is approximately $1.65 billion. On an average day, 41.61M shares are traded, with the company's market capitalization totaling $6.18B.

For the stock Beam Therapeutics Inc (BEAM), the current short interest is at 27.73%. This represents a significant short interest change of 1664019 shares, corresponding to a short interest percentage increase of 6.43%. The days needed to cover the short positions amount to 15.3. The approximate worth of the shares held short is $705.8 million.

With the symbol TNGX, the stock currently has a short interest of 28.23%. The short interest change is 2627298 shares, compared with a short interest percentage change of 6.27%. It would take approximately 12.5 days to cover all the short positions. The short interest value is estimated to be around $658.14 million. The company boasts an average daily volume of 2.66M shares, contributing to a market capitalization of $4.03B.

The stock TBCH has a current short interest of 27.14%. The short interest percentage has experienced an increase of 4.02% while there was a change of 181562 shares in short interest. The ratio indicating the time required to cover short positions is 16.8. The calculated worth of the shorted shares amounts to around $587.85 million. Trading activity averages at 346.82K shares per day, while the company's market capitalization stands at $236.53M.

Upcoming IPOs

Iambic Therapeutics, Inc. (IAM) is set to debut on the NASDAQ exchange on October 15. The company plans to offer 9,375,000 shares in a price range of $15.00 to $17.00 per share, with the offering expected to raise approximately $150.00M through its IPO.

City Therapeutics, Inc. (CTY) is scheduled to begin trading on the NASDAQ on October 16. The IPO will consist of 9,722,222 shares in a price range of $17.00 to $19.00 per share, targeting gross proceeds of approximately $175.00M.

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

Best Regards,

Stocks Telegraph Team