Benzinga's 'Stock Whisper' Index: 5 Stocks Investors Are Secretly Monitoring But Not Talking About Yet

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.

Benzinga’s Stock Whisper Index uses a combination of proprietary data and pattern recognition to showcase five stocks each week that are just under the surface and warrant attention.

The index layers editorial commentary to help make sense of why these stocks should be of interest and whether investors and casual readers should watch them.

Here is a look at the Benzinga Stock Whisper Index for the week of Sept. 29, 2023.

Biohaven Ltd BHVN: Clinical stage biotechnology company Biohaven, which is a subsidiary of Pfizer Inc PFE, saw shares soar after releasing an updated investor presentation and sharing an update on one of the company’s key clinical programs. The company said its BHV-1300 shows a substantial reduction in IgG levels, which is superior to rival programs. Biohaven shares are up 74% year-to-date in 2023 and are up over 50% in the last week.
Nikola Corporation NKLA: Shares of the electric and hydrogen vehicle company continue to see increased attention from investors. The company has announced several new executives joining the team and signed a deal with ITD Industries, who will be the company’s first dealer for its Class 8 EV trucks in Canada. Shares of Nikola are down 60% in the last year. Over the last month, shares of Nikola have risen over 30% with investors appearing impressed with the latest news flow.
ShiftPixy Inc PIXY: The staffing enterprise company saw shares soar on Wednesday after announcing an effective date for a reverse split on shares. The low float company will conduct a 1-for-24 reverse stock split on Oct. 2, 2023. Companies that have conducted reverse stock splits and lowered their share floats have been popular trades among retail investors. Shares of ShiftPixy are down over 90% year-to-date in 2023.
MillerKnoll Inc MLKN: Earlier this year, the furniture and accessory company made headlines when CEO Andi Owen told disgruntled employees to “leave pity city” and criticized those who were worried about staying motivated if they don’t get bonuses. “Don’t ask what are we gonna do if we don’t get a bonus, get the damn $26 million,” Owen said of a revenue shortcoming. First quarter earnings per share and revenue beat estimates from analysts. The company also raised its full year earnings per share estimate and guidance was well received by investors.
American Strategic Investment Co NYC: The commercial real estate company saw shares climb after it was announced that Bellevue Capital Partners launched a tender offer to buy up to 350,000 shares of the company for $10.25. This marked a 65% premium to where shares of American Strategic were trading at the time.