Today on October 6 we are seeing the following stocks with unusual positive retail interest estimates;
The list was topped by Westwater Resources (WWR), a $45m mining company. The stock gained the interest of the retail crowd after President Trump's executive order focused on supporting US-based supply of granite, which is used in batteries. Retail interest might not be leaving soon as visible by bullish sentiment below.
Another EV-related stock in today's list is CBAK Energy (CBAT), a $219m battery manufacturer. The stock has been trending upwards after a press release showcasing the development of new battery type with increased capacity.
The top 3 is rounded up by Social Capital (IPOC), a $1bn SPAC which announced its acquisition target. Its media-savvy CEO has released further information straight on Twitter.
$IPOC is merging with @Clover_Health to help bring better healthcare across America.— Chamath Palihapitiya (@chamath) October 6, 2020
Our one pager is attached.
You can register to hear about the transaction from myself, Clover CEO Vivek Garipalli and President Andrew Toy at 4pm ET here:https://t.co/X7LOQCPEszpic.twitter.com/zXQNhc7dF7
We also note another SPAC targeted by retailers recently which is Spartan Energy (SPAQ). This $728m acquisition vehicle is nearing completion of a merger with Fisker, an EV car manufacturer. The transaction caught the interest of many, including the seasoned blogger Chris DeMuth.
And the last stock we want to highlight is Advanced Micro Devices (AMD), a $100bn semiconductor company known for its computer processors. The company likely landed in the crosshairs of retailers due to a Steam survey which has showcased new gains in market share for AMD.
Finally, we mention tickers with estimated dominant retail selling pressure: XSPA AYX.
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* Note: Presented data and analytics is as of available on 2020-10-06, UTC 13:00.
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