Each week, Benzinga's Stock Whisper Index uses a combination of proprietary data and pattern recognition to showcase five stocks that are just under the surface and warrant attention.
Investors are constantly on the hunt for undervalued, under-followed and emerging stocks. With countless methods available to retail traders, the challenge often lies in sifting through the abundance to uncover new information.
This index layers editorial commentary to help make sense of why these stocks should be of interest and whether investors or casual readers should watch them. Here is a look at the Benzinga Stock Whisper Index for the week of Dec. 1:
Marathon Digital Holdings MARA: The Bitcoin BTC/USD mining company saw strong interest from investors on the week, which came as the price of the leading cryptocurrency hit 52-week highs this week. The increased interest in Marathon also comes as software company and Bitcoin holding company MicroStrategy Inc MSTR announced it had purchased an additional 16,130 BTC for around $600 million. Increased interest in Bitcoin in 2023 has been accelerated by the potential approval of Bitcoin ETFs.
Farfetch Limited FTCH: The ecommerce company has been highly volatile on the week and saw increased interest from investors. A report from The Telegraph said the company's founder Jose Neves could be looking to take the company private. Neves is said to own 15% of the company and 77% of the voting rights. Shares of the stock fell after it was announced on Tuesday that the company won't release its third quarter financial results and will provide a market update in the future. Farfetch shares are down 72% year-to-date in 2023.
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GameStop Corporation GME: The video game retailer saw increased interest from investors as shares surged higher. Shares of GameStop are up 30% over the last 30 days, which comes with no major news for the retailer. The stock saw heavy trading volume and continues to be a short squeeze candidate with over 20% of the float short. GameStop will report third quarter financial results after market close on Wed. Dec. 6, which could be the reason behind increased volume with optimism for the latest quarter.
Vivos Therapeutics VVOS: The medical technology company saw shares trade higher and halted several times on Wednesday after receiving FDA 510(k) clearance for its obstructive sleep apnea treatment. With the approval, Vivos is the first company to have an approved alternative treatment to continuous positive airway pressure (CPAP) or surgical implants to treat obstructive sleep apnea. Shares of Vivos are up 535% in the last month.
Redhill Biopharma RDHL: The specialty biopharma saw shares trade higher after it was announced it received five years market exclusivity for its Talicia to treat H. pylori, a bacterial stomach infection. The announcement of market exclusivity by the FDA adds to the already existing three-year exclusivity granted for Talicia. Shares of Redhill are up over 140% in the last five days, but remain down over 75% year-to-date.
Stay tuned for next week's report, and follow Benzinga Pro for all the latest headlines and top market-moving stories here.
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