US stocks slid Thursday morning as oil prices and Treasury yields kept climbing. As of 11:00 AM ET, the Dow was down 0.51%, the S&P 500 fell 0.48%, and the Nasdaq dropped 0.48%, extending three days of losses. 

Oil surged past $100/barrel after Iran targeted US Navy ships, pushing the 10-year Treasury yield to a three-year high. Wholesale inflation data showed the Producer Price Index up 5.4% year-on-year (4.6% core), roughly matching forecasts ahead of Friday's CPI report. 

Trump suggested oil prices may stay elevated until after the midterms and floated $5,000 checks for adults if Republicans retain Congress. Oracle earnings are due after the bell.

Top Movers: Under $10 

Professional Diversity Network Inc (IPDN) is up 36.37% today to trade at the current level of $0.17 following the announcement of a 1-for-30 reverse split.

Trio Petroleum Corp (TPET) zoomed 10.22% in today’s trade to $2.00 as rising Iran–Hormuz tensions fueled fears of oil supply disruptions and sent crude prices higher.

In current trading, AEON Biopharma Inc (AEON) stock is at $0.30 after announcing positive pilot forced degradation results supporting analytical comparability of ABP-450 to BOTOX.

Indaptus Therapeutics Inc (INDP) soared 23.06% in the early hours of today's trading to move at $2.53 on news of a $24M private placement to fund its pivot into sleep neurotechnology.

In the current trading session, Commerce.com Inc (CMRC) jumped 23.65% to $3.21 over a previous close of $2.6 after announcing a strategic operating plan to accelerate profitability and free cash flow generation.

Ex-Dividend Stocks

Automatic Data Processing Inc (ADP) 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 $1.7 per share. It has set September 11 as the record date for the same and will pay the actual dividend on October 01. Last year, the company distributed a total of $6.64 to its shareholders. Based on last year's worth of payments, ADP has a trailing yield of 2.50% on the current stock price of $265.22.

Another stock that is shelling out dividends tomorrow is Nasdaq Inc (NDAQ), having a market capitalization of $52.67B. It will pay a dividend of $0.31 per share, the payment date of which is September 25. Currently, the stock is trading at a trailing dividend yield of 1.19%.

Shares of Regency Centers Corp (REG) will be the talk of the stock market on Friday as the stock will turn ex-dividend. The company's next dividend payment will be $0.76 per share, and in the last 12 months, it paid a total of $2.97 per share. Last year's total dividend payments show that REG has a trailing yield of 3.94% on the current share price of $75.34.

Steven Madden Ltd (SHOO) is also set to go ex-dividend tomorrow. The next dividend payment from SHOO will amount to $0.21 per share. September 11 has been designated as the record date for this dividend, with the actual payout scheduled for September 24. In the previous year, SHOO distributed a total of $0.84 to its valued shareholders. Considering the cumulative dividend payments from last year, the trailing yield for SHOO stands at 1.93% based on the current stock price of $43.46.

United Bankshares Inc (UBSI) will be paying out a dividend of $0.38 per share to shareholders holding their shares as of the close of the business hours on the record date of September 11. Over the past 12 months, UBSI has paid out a total of $1.51 per share in dividends. Based on the total dividends paid out last year, UBSI boasts an impressive trailing yield of 3.22% on the current share price of $46.9.

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Crypto Market Highlights

• U.S. authorities restrained $52M+ in crypto linked to Xinbi Guarantee in a crackdown on the scam marketplace.

• DoubleZero added real-time Kalshi data as prediction-market activity rises ahead of the U.S. midterms.

• Tether and Fasanara Capital launched a $400M credit fund, targeting up to $3B from institutions.

• BitMart appointed Alvarez & Marsal as financial adviser but missed its promised restructuring roadmap update.

• Banca d’Italia mandated sanctions screening for crypto transfers to combat illicit financial flows.

Most Shorted Stocks

Replimune Group Inc (REPL) was one of the most shorted stocks as of latest short interest figures, with 28.02% 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 4.0. This represents a change of -2674015 shares, which corresponds to a -9.71% decrease in short interest. The total value of the shares held short is estimated to be around $359.32 million. The average daily volume stands at 4.55M shares, and the market capitalization of the company is $1.36B.

The Kohl's Corp with the symbol KSS currently has a short interest of 26.73%. The short interest has changed by -1017659 shares. The days to cover ratio stands at 9.3. The estimated value of the shares held short is approximately $522.81 million. On an average day, 4.35M shares are traded, with the company's market capitalization totaling $1.99B.

For the stock RH (RH), the current short interest is at 35.96%. This represents a significant short interest change of -204896 shares, corresponding to a short interest percentage decrease of -3.96%. The days needed to cover the short positions amount to 7.4. The approximate worth of the shares held short is $692.54 million.

With the symbol DDD, the stock currently has a short interest of 27.32%. The short interest change is -36946 shares, compared with a short interest percentage change of -0.08%. It would take approximately 8.2 days to cover all the short positions. The shorted shares' value is estimated to be around $16.8 million. The company boasts an average daily volume of 3.26M shares, contributing to a market capitalization of $561.58M.

The stock ALT has a current short interest of 26.63%. The short interest percentage has experienced a decrease of 1.86%, while there was a change of -965485 shares in short interest. The ratio indicating the time required to cover short positions is 11.0. The calculated worth of the shorted shares amounts to around $146.0 million. Trading activity averages at 4.49M shares per day, while the company's market capitalization stands at $651.63M.

Biotech Stocks to Watch

According to our ST Score evaluation, Krystal Biotech Inc (KRYS) emerges as a high-quality stock in the Biotech industry, attaining an impressive score of 61. The stock's profitability, performance, financial strength, and Piotroski Score are strong. However, its growth are weak. Additionally, it is neutral in terms of stock sentiment and forecast.

Our ST Score also classifies Enliven Therapeutics Inc (ELVN) as a high-quality Biotech stock today, presenting a Score of 59. The stock has strong fundamentals in terms of performance and financial strength. However, it has weak growth and Piotroski Score. The profitability, stock sentiment, and forecast are neutral.

Another stock in the category, Immunome Inc (IMNM) has the ST Score of 58, which means that the stock carries the potential for higher returns. The stock is strong in performance and financial strength but weak in growth and Piotroski Score. Profitability, stock sentiment, and forecast suggest a neutral outlook.

Zevra Therapeutics Inc (ZVRA) stock has the ST Score of 57, which implies that the Biotech company has a high probability of beating the market. The stock's strengths lie in its profitability, performance, financial strength, and Piotroski Score. However, it shows a neutral outlook in growth, stock sentiment, and forecast.

Veracyte Inc (VCYT) currently has the ST Score of 56, which signifies a huge upward potential. The Biotech stock's strong points are its profitability, financial strength, and Piotroski Score, while its weak points are its performance. The stock's growth, stock sentiment, and forecast indicate a neutral outlook.

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

Best Regards,

Stocks Telegraph Team