Looking For Shorts? Check Out This List Of Names Exhibiting Significant Weakness


Traders across Wall Street have been gunning for a downturn in U.S. stocks, which have been surprisingly resilient in recent weeks despite numerous headwinds. On Tuesday, broad-based indices are showing some weakness while defensive sectors have been rallying modestly. This is indicative of a rotation out of risk and into safer market areas, which could be viewed as a harbinger of continued selling in the coming days. 

Below, we take a look at a diversified list of extremely weak stocks, all of which are trading at least 20% below their 20-day simple moving average, 30% below their respective 50-day simple moving average, and are making new 52-week lows on Tuesday. 

ADTRAN Holdings ADTN – Down 2.38% on Tuesday to $9.23 as of this writing. Selling has accelerated in this name after the company lowered its sales guidance on April 11. 

FuelCell Energy FCEL  Shares have pared nearly 6% on the session at last check, sending the stock to new lows. This stock has been in a very persistent downtrend since the beginning of March as investors are clearly fleeing the name. 

HomeStreet Inc HMST – The stock seems to be getting obliterated in early sessions on Tuesday after the company’s Q1 results. HomeStreet shares were last down 34% to $11.50 – near session lows. 

Intuitive Machines Inc LUNR – This recent IPO was plunging in early trading on Tuesday on seemingly no apparent news. The stock was last down more than 11% to $7.87. Over the last month, LUNR has shed more than 27%. 

National Energy Services Reunited Corp NESR – This stock is down better than 9% early on Tuesday, breaking through the $4.00 level and last trading at $3.91 as of this writing. Persistent weakness in this name has seen NESR nearly halve over the course of the last 52 weeks. Momentum to the downside has been accelerating in recent days and weeks. 

SES AI Corp SES – This is another stock that has been seeing persistent weakness in recent trading sessions. Over the course of the last month, SES has shed more than 38%, including a loss of almost 10% on Tuesday. At last check, shares were trading hands for $1.69 – a new 52-week low. 

Featured photo by mana5280 on Unsplash. 

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Posted In: Penny StocksShort IdeasSmall CapTrading IdeasADTRAN HoldingsFuelCell EnergyHomeStreet IncIntuitive Machines IncNational Energy Services Reunited CorpSES AI Corp
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