Koss (NASDAQ:KOSS) Stock, Quote.Headers.trade-ideas

Koss

Koss Corp is engaged in the design, manufacture, and sale of stereo headphones and related accessory products. It operates in the audio/video industry segment of the home entertainment industry. The company markets a line of headphones, wireless Bluetooth headphones, wireless Bluetooth speakers, computer headsets, telecommunications headsets, and active noise-canceling headphones. The majority of the firm's revenue is derived from sales of stereo headphones.

Digital,Marketing,Data,Analytic,Technology,,Businessman,Using,Laptop,Computer,To

Exclusives

Tech

Trading Ideas

ETFs

AAPL

AMZN

CRWD

KOSS

LGVN

MIRA

MSFT

NUZE

NVDA

PLTR

SERV

SMCI

SOBR

TSLA

ZAPP

A look at the most-searched tickers on Benzinga Pro for the month of July shows some familiar names like Tesla, Nvidia and Apple. Here&#39;s a look at the others.

EXCLUSIVE: Top 20 Most-Searched Tickers On Benzinga Pro In July 2024 – Where Do Tesla, Nvidia, Apple, CrowdStrike Rank?

Charles Schwab shutter

News

Intraday Update

Markets

Movers

AEON

AMIX

ANGO

ARVN

ATGL

CGBS

CHGG

CMND

EGHT

EOSE

FATE

FNKO

GRNQ

GROM

LCFY

MTCH

NAAS

NEGG

NTWK

PACB

RDDT

SANA

SCHW

SFBS

SHOP

SHPW

SILO

SPRC

TKLF

VRPX

ZENV

Why Charles Schwab Shares Are Trading Lower By Over 7%? Here Are Other Stocks Moving In Tuesday&#39;s Mid-Day Session

Koss,Porta,Pro,Headset,-,New,In,Box,-,Hot

One of the original &#34;meme stocks&#34; Koss Corporation shares are climbing Tuesday on heavy trading volume. Here&#39;s a look at what&#39;s going on. 

What&#39;s Going On With Koss Stock?

Koss Corp

KOSSAN RUBBER IND ORD by Kossan Rubber Industries Inc.

Kossan Rubber Industries Bhd

Koss's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KOSS#NYSE">KOSS</a>) short percent of float has fallen 4.55% since its last report. The company recently reported that it has 493 thousand shares sold short, which is 10.27% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.0 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Koss Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726690523_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Koss has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Koss's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Koss's peer group average for short interest as a percentage of float is 8.24%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

(KOSS) - Analyzing Koss's Short Interest

<a href="https://x.com/KossHeadphones/status/1834607831095681478">https://x.com/KossHeadphones/status/1834607831095681478</a>
&nbsp;

KossHeadphones Posts Video On X Of Headphones, With A Release Date Of 09.16; Shares See A Pop In Volume

Earnings

Koss Q4 EPS $(0.01) Up From $(0.03) YoY, Sales $2.89M Down From $3.07M YoY

WIIM

GRBK

GRMN

LGIH

NVFY

TMHC

YHGJ

Shares of household durable companies are trading lower amid overall market weakness on US economic concerns.

Each trading day features hundreds of headlines and press releases on Benzinga Pro, a source for traders to see the latest news on the overall market&nbsp;<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent080124&amp;t=be2bearmibe3na1" target="_blank" rel="noreferrer noopener">and individual tickers.</a>
Here is a look at the most-searched stocks on Benzinga Pro for the month of July 2024. Current prices and year-to-date performances are based on Aug. 1 and do not include dividends. April search results were not tracked.
1. Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)
<ul>
<li>Current Price: $539.92</li>
<li>52-Week Range: $138.80 to $278.97</li>
<li>Year-to-Date Return: -13.5%</li>
<li><a href="https://www.benzinga.com/news/earnings/23/02/30713474/exclusive-top-10-most-searched-tickers-on-benzinga-pro-in-january-where-do-spy-tesla-apple-and-ford">January</a>/<a href="https://www.benzinga.com/markets/penny-stocks/23/03/31137326/exclusive-top-10-most-searched-tickers-on-benzinga-pro-in-february-including-tesla-apple-and">February</a>/<a href="https://www.benzinga.com/markets/equities/24/04/38023764/exclusive-top-10-most-searched-tickers-on-benzinga-pro-in-march-where-do-tesla-nvidia-spy-and-re">March </a>Search Ranking: 1st/4th/2nd</li>
<li><a href="https://www.benzinga.com/exclusives/24/06/39234936/exclusive-top-10-most-searched-tickers-on-benzinga-pro-in-may-where-do-nvidia-tesla-gamestop-amc-ran">May</a>/<a href="https://www.benzinga.com/top-stories/24/07/39579249/exclusive-top-10-most-searched-tickers-on-benzinga-pro-in-june-where-do-nvidia-gamestop-tesla-apple">June </a>Search Ranking: 4th/4th</li>
</ul>
2. NVIDIA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)
<ul>
<li>Current Price: $107.80</li>
<li>52-Week Range: $39.23-$140.76</li>
<li>YTD Return: +117.7%</li>
<li>January/February/March Search Ranking: 3rd/1st/1st</li>
<li>May/June Search Ranking: 2nd/1st</li>
</ul>
3. SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>)
<ul>
<li>Current Price: $539.90</li>
<li>52-Week Range: $401.22-$565.22</li>
<li>YTD Return: +13.6%</li>
<li>January/February/March Search Ranking: 2nd/2nd/3rd</li>
<li>May/June Search Ranking: 1st/3rd</li>
</ul>
Read Also: <a href="https://www.benzinga.com/exclusives/24/07/39603613/exclusive-top-10-most-searched-tickers-on-benzinga-pro-in-first-half-2024-where-do-nvidia-tesla-pala">EXCLUSIVE: Top 10 Most Searched Tickers On Benzinga Pro In First Half 2024 – Where Do Nvidia, Tesla, Palantir, GameStop Rank?</a>
4. Advanced Micro Devices, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>)
<ul>
<li>Current Price: $131.34</li>
<li>52-Week Range: $93.12 to $227.30</li>
<li>YTD Return: -11.0%</li>
<li>January/February/March Search Ranking: 12th/14th/8th</li>
<li>May/June Search Ranking: 8th/9th</li>
</ul>
5. Serve Robotics Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SERV#NASDAQ">SERV</a>)
<ul>
<li>Current Price: $16.23</li>
<li>52-Week Range: $1.77 to $37.00</li>
<li>YTD Return: N/A (IPO in March)</li>
<li>January/February/March Search Ranking: Not in Top 20 in any</li>
<li>May/June Search Ranking: Not in Top 20 in either</li>
</ul>
6. Zapp Electric Vehicles Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZAPP#NASDAQ">ZAPP</a>)
<ul>
<li>Current Price: $10.02</li>
<li>52-Week Range: $0.70 to $39.80</li>
<li>YTD Return: +89.5%</li>
<li>January/February/March Search Ranking: Not in Top 20 in any</li>
<li>May/June Search Ranking: Not in Top 20 in either</li>
</ul>
7. Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>)
<ul>
<li>Current Price: $217.23</li>
<li>52-Week Range: $164.08 to $237.23</li>
<li>YTD Return: +12.8%</li>
<li>January/February/March Search Ranking: 5th/8th/4th</li>
<li>May/June Search Ranking: 6th/5th</li>
</ul>
8. Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>)
<ul>
<li>Current Price: $493.69</li>
<li>52-Week Range: $274.39 to $542.79</li>
<li>YTD Return: +39.6%</li>
<li>January/February/March Search Ranking: Not in Top 20/6th/Not in Top 20</li>
<li>May/June Search Ranking: Not in Top 20 in either</li>
</ul>
9. CrowdStrike Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>)
<ul>
<li>Current Price: $221.90</li>
<li>52-Week Range: $140.52 to $398.33</li>
<li>YTD Return: -13.1%</li>
<li>January/February/March Search Ranking: Not in Top 20 in any</li>
<li>May/June Search Ranking: Not in Top 20/16th</li>
</ul>
10. Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>)
<ul>
<li>Current Price: $182.08</li>
<li>52-Week Range: $118.35 to $201.20</li>
<li>YTD Return: +23.1%</li>
<li>January/February/March Search Ranking: 19th/7th/Not in Top 20</li>
<li>May/June Search Ranking: 13th/18th</li>
</ul>
Check This Out:
<ul>
<li>Lawmakers Made Huge Investments This Year. <a href="https://www.benzinga.com/gov-trades/?utm_source=BZprocontent080124">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
Honorable Mentions:&nbsp;The following stocks were the 11th&nbsp;to 20th&nbsp;most-searched tickers on <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent080124&amp;t=be2bearmibe3na1">Benzinga Pro</a> in the first half of 2024:
11. Invesco QQQ Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>)
12. SOBR Safe (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOBR#NASDAQ">SOBR</a>)
13. Inspire Veterinary Partners (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IVP#NASDAQ">IVP</a>)
14. MIRA Pharmaceuticals Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MIRA#NASDAQ">MIRA</a>)
15. Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>)
16. Palantir Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>)
17. NuZee Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NUZE#NASDAQ">NUZE</a>)
18. Koss Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KOSS#NASDAQ">KOSS</a>)
19. Super Micro Computer (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>)
20. Longeveron (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LGVN#NASDAQ">LGVN</a>)
Why It's Important: Tesla regained the top spot as the most searched ticker for the first time since January. The company reported <a href="https://www.benzinga.com/news/earnings/24/07/39918390/tesla-q2-earnings-highlights-revenue-beat-eps-miss-robotaxi-update-2024-growth-rate-to-be-notably-l">second-quarter financials results</a> in July and saw a surge in its share price.
One of the bigger stories in this top 20 tickers list is a name that's not on it: GameStop Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>), The company ranked just outside the list cutoff at 21 for July, which comes after ranking second in June and 7th overall in the first half of 2024.
Serve Robotics saw increased interest from investors thanks to <a href="https://www.benzinga.com/news/24/07/39972757/serve-robotics-stock-continues-to-soar-whats-going-on">an ownership stake</a> in the company from Nvidia. Serve and Zapp Electric Vehicles were the main newcomers to the top 10 as names not in the top 20 in 2024.
Meta Platforms rejoined the top 10 for the first time since February, a move that comes as the stock typically doesn't even rank among the top 20 most-searched tickers on Benzinga Pro monthly. The company could also be a top stock in August after reporting quarterly financial results on July 31 and seeing its stock soar.
CrowdStrike hit its highest ranking for the year at ninth place, but it wasn't for good reasons. The cybersecurity company was behind an update that <a href="https://www.benzinga.com/news/24/07/39861744/microsoft-outage-what-states-services-companies-saw-the-blue-screen-of-death">took down Windows products </a>worldwide and hurt several major sectors including financials and airlines.
For the honorable mention names, Super Micro Computer saw a significant fall after ranking in the top five of the six months tracks and falling to 19th.
Palantir lost some momentum falling to 16th place, after enjoying several higher rankings earlier in the year and ranking 10th overall for the first half of 2024.
Ranking just outside the top 20 are two names to watch in the coming months. Trump Media &amp; Technology Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>) ranked 23rd. The stock has been volatile related to events around former President Donald Trump. With the 2024 election nearly three months away, the stock could gain increased attention.
The iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) ranked 22nd and just outside the top 20. The small-cap ETF could be gaining popularity with some level of rotation by investors from large-cap stocks into small-cap stocks. With a potential rate cut by the Federal Reserve in September, small cap stocks could be focus in the months ahead.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/exclusives/24/07/39986280/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet">Benzinga&#8217;s &#8216;Stock Whisper&#8217; Index: 5 Stocks Investors Secretly Monitor But Don&#8217;t Talk About Yet</a></li>
</ul>
Photo: Shutterstock

ABNB

ATER

BYON

EXPE

FEDU

FIGS

KRUS

LSEA

POOL

RMBL

RVLV

SBUX

SWIM

WOOF

Shares of companies within the broader consumer discretionary sector are trading higher following a rise in June retail sales, indicating continued consumer spending.

Shares of The Charles Schwab Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCHW#NYSE">SCHW</a>) fell sharply during Tuesday's session following <a href="https://www.benzinga.com/quote/SCHW/earnings">second-quarter results.</a>
Charles Schwab said adjusted net income declined 2% Y/Y to $1.465 billion. Adjusted EPS fell 3% Y/Y to 73 cents, beating the consensus of 72 cents, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Charles Schwab shares dipped 7.5% to $69.42 on Tuesday.
Here are some other stocks moving in today&#8217;s mid-day session.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>Yoshitsu Co., Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TKLF#NASDAQ">TKLF</a>) jumped 109% to $0.6437 after the company reported a year-over-year increase in FY24 financial results.</li>
<li>Silo Pharma, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SILO#NASDAQ">SILO</a>) shares climbed 95.4% to $2.12 after the company obtained an exclusive global license to develop, manufacture, and commercialize its Alzheimer&#8217;s drug.</li>
<li>Logistic Properties of the Americas (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LPA#NYSE">LPA</a>) shares climbed 53.8% to $23.71.</li>
<li>NaaS Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NAAS#NASDAQ">NAAS</a>) gained 38% to $3.8503.</li>
<li>Virpax Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRPX#NASDAQ">VRPX</a>) gained 38% to $1.4799.</li>
<li>AEON Biopharma, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AEON#NYSE">AEON</a>) shares rose 29.2% to $2.9450 after jumping around 63% on Monday.</li>
<li>Conduit Pharmaceuticals Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDT#NASDAQ">CDT</a>) gained 27.3% to $0.3055 after declining over 8% on Monday.</li>
<li>AngioDynamics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANGO#NASDAQ">ANGO</a>) surged 24.7% to $7.39 after the company reported better-than-expected fourth-quarter financial results and issued FY25 guidance.</li>
<li>KWESST Micro Systems Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KWE#NASDAQ">KWE</a>) gained 22.8% to $0.4160</li>
<li>Zenvia Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZENV#NASDAQ">ZENV</a>) climbed 22.7% to $1.9634. The company announced that it entered into an agreement with Alliance Global Partners to offer and sell Class A common shares up to $20 million.</li>
<li>Locafy Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCFY#NASDAQ">LCFY</a>) rose 21% to $4.4150.</li>
<li>SciSparc Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPRC#NASDAQ">SPRC</a>) gained 20% to $1.0150.</li>
<li>Koss Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KOSS#NASDAQ">KOSS</a>) rose 19.8% to $10.45.</li>
<li>Alpha Technology Group Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATGL#NASDAQ">ATGL</a>) climbed 19.2% to $3.42.</li>
<li>Meiwu Technology Company Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WNW#NASDAQ">WNW</a>) shares rose 16.1% to $1.01 after surging around 15% on Monday.</li>
<li>NetSol Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTWK#NASDAQ">NTWK</a>) climbed 16% to $3.0501 as the company signed a $16 million agreement with a major automaker to revolutionize digital car buying and leasing experience in the United States.</li>
<li>Chegg, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHGG#NYSE">CHGG</a>) gained 15% to $3.6440. Morgan Stanley analyst Josh Baer upgraded Chegg from Underweight to Equal-Weight and lowered the price target from $6.5 to $3.25.</li>
<li>8&#215;8, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EGHT#NASDAQ">EGHT</a>) gained 13.3% to $2.8450. 8&#215;8. secured a $200 million term loan at reduced interest rate.</li>
<li>Fate Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FATE#NASDAQ">FATE</a>) gained 12.8% to $4.39.</li>
<li>Pacific Biosciences of California, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PACB#NASDAQ">PACB</a>) rose 12.8% to $1.8350. PacBio is expected to hold its quarterly conference call to discuss its second quarter financial results on Wednesday, Aug. 7.</li>
<li>Newegg Commerce, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NEGG#NASDAQ">NEGG</a>) gained 11.8% to $1.14.</li>
<li>Harmony Gold Mining Company Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HMY#NYSE">HMY</a>) jumped 11.8% to $10.57</li>
<li>Sana Biotechnology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SANA#NASDAQ">SANA</a>) surged 11.7% to $7.11.</li>
<li>ServisFirst Bancshares, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SFBS#NASDAQ">SFBS</a>) climbed 10.8% to $78.60 after the company reported better-than-expected second-quarter financial result. Also, Piper Sandler maintained a Neutral rating on the stock and raised its price target from $63 to $70.</li>
<li>Match Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MTCH#NASDAQ">MTCH</a>) rose 7.9% to $34.54 after Starboard Value sent a letter to the company outlining initiatives for improving growth, profitability and capital allocation.</li>
<li>Arvinas, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARVN#NASDAQ">ARVN</a>) gained 7.7% to $32.27.</li>
<li>Shopify Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>) shares rose 7.3% to $68.92 after B of A Securities upgraded the stock from Neutral to Buy.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>Cyngn Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CYN#NASDAQ">CYN</a>) shares fell 22.1% to $7.15 after jumping 54% on Monday.</li>
<li>Autonomix Medical, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMIX#NASDAQ">AMIX</a>) shares declined 21.4% to $1.08. Autonomix shares jumped 130% on Monday after the company entered into an agreement with RF Innovations to license intellectual property for its Apex 6 Radiofrequency Generator.</li>
<li>Zeo Energy Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZEO#NASDAQ">ZEO</a>) fell 18% to $3.23.</li>
<li>Clearmind Medicine Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMND#NASDAQ">CMND</a>) fell 16.7% to $1.85. Clearmind Medicine announced the FDA clearance for IND application of MEAI-based CMND-100 oral capsule.</li>
<li>Crown LNG Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CGBS#NASDAQ">CGBS</a>) declined 15.8% to $2.65.</li>
<li>Funko, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FNKO#NASDAQ">FNKO</a>) shares fell 13.3% to $8.71.</li>
<li>Shapeways Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHPW#NASDAQ">SHPW</a>) fell 13.2% to $0.3010.</li>
<li>Vicinity Motor Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VEV#NASDAQ">VEV</a>) shares dipped 12.8% to $0.5581 after dipping 10% on Monday.</li>
<li>Trump Media &amp; Technology Group Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>) shares fell 8.7% to $37.04. Trump Media &amp; Technology Group shares jumped over 31% on Monday following the attempted assassination of Donald Trump.</li>
<li>Greenpro Capital Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRNQ#NASDAQ">GRNQ</a>) shares fell 8.5% to $1.08. Greenpro Capital shares surged around 35% on Monday after the company announced that its subsidiary, Green-X, secured over $100 million in digital assets.</li>
<li>Grom Social Enterprises, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GROM#NASDAQ">GROM</a>) shares declined 7.8% to $0.3945 after gaining around 10% on Monday.</li>
<li>Reddit, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDDT#NYSE">RDDT</a>) fell 7.1% to $67.83 after Loop Capital downgraded the stock from Buy to Hold.</li>
<li>Eos Energy Enterprises, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EOSE#NASDAQ">EOSE</a>) fell 7% to $1.9150.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/07/39792248/jim-cramer-says-if-you-sell-this-chinese-ev-stock-now-some-clown-will-be-real-posit">Jim Cramer Says If You Sell This Chinese EV Stock Now, &#8216;Some Clown&#8217; Will Be &#8216;Real Positive About It,&#8217; Wait Until &#8216;All That Stuff Happens</a><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/07/39792248/jim-cramer-says-if-you-sell-this-chinese-ev-stock-now-some-clown-will-be-real-posit">&#8216;</a></li>
</ul>

Why Charles Schwab Shares Are Trading Lower By Over 7%? Here Are Other Stocks Moving In Tuesday's Mid-Day Session

One of the original "meme stocks" Koss Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KOSS#NASDAQ">KOSS</a>) shares are climbing Tuesday on heavy trading volume. Here's a<a href="https://www.benzinga.com/news/24/07/39647722/whats-going-on-with-koss-stock"> look at what's going on.&nbsp;</a>
What To Know:
Koss shares exploded higher in early July as retail investors circulated a<a href="https://www.reddit.com/r/Superstonk/comments/1dtv3zj/the_gme_koss_connection_the_spark_to_ignite_the/"> social media post</a> speculating on a possible connection between GameStop Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) and Koss. The post attempted to extract a pattern from a series of emojis posted by Roaring Kitty, and some investors speculated that Koss could be the next stock Roaring Kitty will target based on the sequence of emojis.&nbsp;
Koss gave back a large portion of its gains from the beginning of July, however the stock remains up by more than 150% over the past month. Koss is moving higher on heavy volume Tuesday with more than triple the stock's average daily volume already traded in the session, according to data from <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>
Read Next: <a href="https://www.benzinga.com/news/24/07/39776035/solar-stocks-tumble-following-failed-assassination-of-trump-whats-going-on">Solar Stocks Tumble Following Failed Assassination Of Trump: What&#8217;s Going On?</a>
Koss <a href="https://ppubs.uspto.gov/dirsearch-public/print/downloadPdf/12035096">was granted</a> a U.S. patent for "personal acoustic systems and flexible earpiece mounts for the same" last week, though the stock is moving Tuesday despite a lack of company-specific news.&nbsp;
According to data from <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Koss shares are trading above the stock&#8217;s 50-day moving average of $5.25 and 11.91% of available shares are being sold short.&nbsp;
<h2 class="wp-block-heading">How To Buy KOSS Stock:</h2>
Besides going to a brokerage platform to purchase a share &#8211; or fractional share &#8211; of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument. 
For example, in Koss&#8217; case, it is in the Consumer Discretionary sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.
KOSS Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Koss Corporation shares are up 18.7% at $10.35 at the time of publication Tuesday.
Read Also:
<ul>
<li><a href="https://www.benzinga.com/news/24/07/39777940/whats-going-on-with-upstart-stock">What&#8217;s Going On With Upstart Stock?</a></li>
</ul>
Image: Shutterstock

What's Going On With Koss Stock?

Koss's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KOSS#NYSE">KOSS</a>) short percent of float has risen 18.72% since its last report. The company recently reported that it has 403 thousand shares sold short, which is 7.99% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.0 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Koss Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1720634411_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Koss has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Koss's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Koss's peer group average for short interest as a percentage of float is 6.58%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Looking Into Koss's Recent Short Interest

Koss (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KOSS#NASDAQ">KOSS</a>) has outperformed the market over the past 5 years by 25.16% on an annualized basis producing an average annual return of 38.24%. Currently, Koss has a market capitalization of $85.33 million. 
Buying $1000 In KOSS: If an investor had bought $1000 of KOSS stock 5 years ago, it would be worth $5,085.86 today based on a price of $9.22 for KOSS at the time of writing.
<h3>Koss's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1720548023_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$1000 Invested In This Stock 5 Years Ago Would Be Worth $5,100 Today

<a href="https://ppubs.uspto.gov/dirsearch-public/print/downloadPdf/12035096" title="https://ppubs.uspto.gov/dirsearch-public/print/downloadPdf/12035096">https://ppubs.uspto.gov/dirsearch-public/print/downloadPdf/12035096</a>

Koss Granted U.S. Patent #12035096:     Personal acoustic systems and flexible earpiece mounts for the same

Shares of Arhaus, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARHS#NASDAQ">ARHS</a>) fell sharply <a href="https://www.benzinga.com/quote/ARHS/analyst-ratings">during Monday's session</a>.
Jefferies analyst Jonathan Matuszewski downgraded Arhaus from Buy to Hold and lowered the price target from $22 to $16.
Arhaus shares dipped 7.9% to $14.55 on Monday.
Here are some other stocks moving in today&#8217;s mid-day session.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>Morphic Holding, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MORF#NASDAQ">MORF</a>) shares jumped 75% to $55.72 after Eli Lilly agreed to buy the company for $57 per share in cash.</li>
<li>Zapp Electric Vehicles Group Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZAPP#NASDAQ">ZAPP</a>) climbed 71% to $6.97 after jumping around 50% on Friday.</li>
<li>SRIVARU Holding Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SVMH#NASDAQ">SVMH</a>) shares climbed 61.3% to $0.2549 after the company announced the deployment of advanced AI tools to manage its lead generation platform.</li>
<li>Inspire Veterinary Partners, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IVP#NASDAQ">IVP</a>) shares climbed 47% to $2.1928 after gaining 8% on Friday.</li>
<li>Hywin Holdings Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HYW#NASDAQ">HYW</a>) gained 39.5% to $0.4352.</li>
<li>Shapeways Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHPW#NASDAQ">SHPW</a>) climbed 39% to $0.2918 after dipping 22% on Friday.</li>
<li>Myomo, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MYO#NYSE">MYO</a>) gained 32% to $3.80 after the company issued preliminary second-quarter revenue guidance above estimates.</li>
<li>Maxeon Solar Technologies, Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAXN#NASDAQ">MAXN</a>) shares rose 31% to $0.3129 after jumping over 38% on Friday.</li>
<li>Virpax Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRPX#NASDAQ">VRPX</a>) climbed 31% to $0.7660 after the company closed a $2.5 million secured loan financing from an institutional investor, enabling the final payment of its litigation settlement.</li>
<li>LL Flooring Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LL#NYSE">LL</a>) surged 20.4% to $0.6789.</li>
<li>Nikola Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NKLA#NASDAQ">NKLA</a>) rose 18.5% to $10.65.</li>
<li>Grifols, S.A. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRFS#NASDAQ">GRFS</a>) gained 17.2% to $8.24 after Brookfield confirmed it held exploratory discussions with certain shareholders of the company in relation to a potential joint offer for Grifols&#8217; shares.</li>
<li>Pulse Biosciences, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLSE#NASDAQ">PLSE</a>) gained 17.2% to $14.13 after the company announced it received the Breakthrough Device Designation from the FDA for its Cardiac Surgery System for the ablation of cardiac tissue for the treatment of atrial fibrillation.</li>
<li>Newegg Commerce, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NEGG#NASDAQ">NEGG</a>) climbed 16% to $1.23. Newegg Commerce said the Presale for its tenth annual FantasTech Sales event is now live.</li>
<li>Ocean Power Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OPTT#NASDAQ">OPTT</a>) rose 16% to $0.4164 after the company signed a reseller agreement with Survey Equipment Services focused on the provision of OPT&#8217;s unmanned surface vehicles in the US.</li>
<li>Mainz Biomed N.V. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MYNZ#NASDAQ">MYNZ</a>) gained 16% to $0.45.</li>
<li>R1 RCM Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RCM#NASDAQ">RCM</a>) shares climbed 14.2% to $12.52.</li>
<li>Acelyrin, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLRN#NASDAQ">SLRN</a>) gained 13.6% to $4.60.</li>
<li>NANO Nuclear Energy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NNE#NASDAQ">NNE</a>) shares gained 12.3% to $31.89 after surging 20% on Friday.</li>
<li>IDEAYA Biosciences, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IDYA#NASDAQ">IDYA</a>) shares gained 12.1% to $38.41 after the company announced interim Phase 2 monotherapy expansion data for IDE397 in MTAP-deletion urothelial and lung cancer. Additionally, Mizuho initiated coverage on the stock with an Outperform rating.</li>
<li>SolarEdge Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEDG#NASDAQ">SEDG</a>) rose 11.3% to $27.88 after B of A Securities upgraded the stock from Underperform to Neutral.</li>
<li>Corning Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLW#NYSE">GLW</a>) gained 9.4% to $42.05 after the company increased its second-quarter core sales guidance.</li>
<li>Dynatronics Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DYNT#NASDAQ">DYNT</a>) shares rose 8.6% to $0.2310 after declining around 8% on Friday.</li>
<li>Paramount Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARAA#NASDAQ">PARAA</a>) rose 4.6% to $21.41. Paramount Global and Skydance Media inked a definitive agreement to create a new entity, "New Paramount," in a $28 billion merger deal.</li>
<li>Intel Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) gained 3.8% to $33.26. Intel has bypassed Vietnam for a substantial investment project, citing insufficient investment incentives.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>HilleVax, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HLVX#NASDAQ">HLVX</a>) shares dipped 86.7% to $1.87 after the company announced the NEST-IN1 clinical study did not meet its primary or secondary efficacy endpoints, and the company will discontinue further development of HIL-214 in infants.</li>
<li>Adamas One Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JEWL#NASDAQ">JEWL</a>) shares dipped 83% to $0.3360 after dipping over 20% on Friday.</li>
<li>China Liberal Education Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLEU#NASDAQ">CLEU</a>) shares fell 66.4% to $0.7303 after dipping 24% on Friday.</li>
<li>SYLA Technologies Co., Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SYT#NASDAQ">SYT</a>) fell 31.1% to $2.0950.</li>
<li>Chijet Motor Company, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CJET#NASDAQ">CJET</a>) dipped 28.4% to $5.80.</li>
<li>Ryde Group Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RYDE#NASDAQ">RYDE</a>) declined 22.8% to $6.33.</li>
<li>Koss Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KOSS#NASDAQ">KOSS</a>) fell 21% to $10.55.</li>
<li>Wetouch Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WETH#NASDAQ">WETH</a>) fell 19.5% to $2.57. Wetouch Technologies announced a $15 million stock buyback program to repurchase common stock.</li>
<li>Calidi Biotherapeutics, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLDI#NYSE">CLDI</a>) declined 19.4% to $0.16</li>
<li>Beneficient (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BENF#NASDAQ">BENF</a>) shares fell 15.2% to $4.1050. Beneficient said it will release its fourth quarter financial results before the opening bell on Tuesday, July 9.</li>
<li>ZIM Integrated Shipping Services Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZIM#NYSE">ZIM</a>) shares fell 15.1% to $18.77.</li>
<li>Vivakor inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VIVK#NASDAQ">VIVK</a>) shares fell 15% to $1.97.</li>
<li>Inventiva S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IVA#NYSE">IVA</a>) shares fell 12% to $2.6050 after the company issued an update on its NATiV3 clinical program evaluating lanifibranor in patients with MASH/NASH and its financial position.</li>
<li>Uxin Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UXIN#NASDAQ">UXIN</a>) dipped 11.3% to $1.77 after the company announced a partnership with Zhengzhou Airport Industry for the launch of a new used car superstore.</li>
<li>Sirius XM Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIRI#NASDAQ">SIRI</a>) fell 10.7% to $3.3099.</li>
<li>The Greenbrier Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GBX#NYSE">GBX</a>) dipped 10.6% to $43.37 after the company reported worse-than-expected quarterly financial results.</li>
<li>Qualigen Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QLGN#NASDAQ">QLGN</a>) shares declined 7.2% to $0.2599 after jumping 60% on Friday.</li>
<li>Assure Holdings Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IONM#NASDAQ">IONM</a>) fell 7% to $0.2943.</li>
<li>Zuora, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZUO#NYSE">ZUO</a>) fell 5.6% to $9.02. Craig-Hallum analyst Chad Bennett downgraded Zuora from Buy to Hold and lowered the price target from $12 to $10.</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/news/24/07/39667298/this-dominos-analyst-turns-bullish-here-are-top-5-upgrades-for-monday">This Domino&#8217;s Analyst Turns Bullish; Here Are Top 5 Upgrades For Monday</a>

ARHS

BENF

CJET

CLDI

CLEU

DYNT

GRFS

HLVX

IDYA

INTC

IONM

JEWL

Maxeon Solar Technologies, Ltd. - Ordinary Shares

MAXN

MORF

MYNZ

NKLA

OPTT

PARAA

PLSE

Qualigen Therapeutics, Inc. - Common Stock

QLGN

RYDE

SEDG

SIRI

SLRN

SVMH

UXIN

VIVK

WETH

Why Arhaus Shares Are Trading Lower By Around 8%? Here Are Other Stocks Moving In Monday's Mid-Day Session

U.S. stocks traded mostly higher toward the end of trading, with the Nasdaq Composite gaining more than 150 points on Friday.
The Dow traded up 0.12% to 39,354.34 while the NASDAQ rose 0.89% to 18,349.85. The S&amp;P 500 also rose, gaining, 0.49% to 5,564.29.
Check This Out: <a href="https://www.benzinga.com/news/24/07/39645407/amazon-f5-and-2-other-stocks-insiders-are-selling">Amazon, F5 And 2 Other Stocks Insiders Are Selling</a>
Leading and Lagging Sectors Communication services shares jumped by 2.3% on Friday.
In trading on Friday, energy shares fell by 1.8%.
Top Headline
Nonfarm payrolls increased by 206,000 last month, slowing down by 12,000 from May, but above economist expectations of 189,000, with predictions ranging from 150,000 to 237,000.
The unemployment rate ticked slightly higher from 4% to 4.1% against expectations of an unchanged reading. Average hourly earnings advanced by 0.3% on month-on-month basis, decelerating from May's 0.4%, in line with expectations.
Equities Trading UP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<ul>
<li>Koss Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KOSS#NASDAQ">KOSS</a>) shares shot up 28% to $13.62, possibly on continued retail investor interest.</li>
<li>Shares of Macy&#8217;s, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/M#NYSE">M</a>) got a boost, surging 10% to $19.74. An investor group aiming to purchase Macy's has reportedly increased its bid for the second time after previous offers failed. Arkhouse Management and Brigade Capital Management recently raised their proposal by approximately $300 million, reported The Wall Street Journal.</li>
<li>Sharps Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STSS#NASDAQ">STSS</a>) shares were also up, gaining 11% to $0.2550. On Wednesday, the medical device and pharmaceutical packaging company received two purchase orders for approximately 1 million SecureGard ultra-low waste smart safety syringes produced at Sharps' manufacturing facility in Hungary.</li>
</ul>
Equities Trading DOWN
<ul>
<li>NIO Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) shares dropped 6% to $4.5750 after the company disclosed that Steven Wei Feng has resigned as the Chief Financial Officer for personal and family reasons, effective July 5, 2024.</li>
<li>Shares of Eshallgo Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EHGO#NASDAQ">EHGO</a>) were down 12% to $2.30. Eshallgo closed $5 million initial public offering at $4 per share.</li>
<li>XPeng Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>) was down, falling 7% to $7.72. The company announced vehicle delivery figures for June and the first half of 2024 on Monday.</li>
</ul>
Also Check This Out: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/07/39646161/top-3-financial-stocks-youll-regret-missing-in-q3">Top 3 Financial Stocks You&#8217;ll Regret Missing In Q3</a>
Commodities In commodity news, oil traded down 0.4% to $83.52 while gold traded up 1.3% at $2,400.60.
Silver traded up 2.2% to $31.525 on Friday, while copper rose 2.6% to $4.6525.
Euro zone
European shares closed mostly lower today. The eurozone's STOXX 600 fell 0.18%, Germany's DAX rose 0.14% and France's CAC 40 fell 0.26%. Spain's IBEX 35 Index fell 0.39%, while London's FTSE 100 fell 0.45%.
Retail sales in the Eurozone rose 0.1% month-over-month in compared to a revised 0.2% decline in April. UK's Halifax House Price Index rose 1.6% year-over-year in June, while French trade deficit increased to €8 billion in May versus a revised €7.5 billion in the prior month. German industrial production fell by 2.5% month-over-month for May.
Asia Pacific Markets
Asian markets closed lower on Friday, with Japan's Nikkei falling 0.01%, Hong Kong's Hang Seng Index declining 1.27%, China's Shanghai Composite Index falling 0.26% and India's S&amp;P BSE Sensex declining 0.07%.
The index of leading economic indicators in Japan rose to 111.1 in May from 110.9 in the earlier month, while index of coincident economic indicators increased to 116.5 from115.2. Household spending in Japan fell by 1.8% year-over-year in May.
Economics
Nonfarm payrolls increased by 206,000 last month, slowing down by 12,000 from May, but above economist expectations of 189,000, with predictions ranging from 150,000 to 237,000.
Now Read This: <a href="https://www.benzinga.com/24/07/39646004/wall-streets-most-accurate-analysts-spotlight-on-3-real-estate-stocks-delivering-high-dividend-yield">Wall Street&#8217;s Most Accurate Analysts Spotlight On 3 Real Estate Stocks Delivering High-Dividend Yields</a>

Eurozone

Commodities

EHGO

STSS

XPEV

Gold Gains Over 1%; NIO Shares Slide

Shares of NIO Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) fell sharply during Friday's session after the company disclosed that Steven Wei Feng has resigned as the Chief Financial Officer for personal and family <a href="https://www.benzinga.com/markets/equities/24/07/39645086/leadership-change-at-nio-cfo-resigns-senior-vp-takes-charge">reasons, effective July 5, 2024</a>.
NIO shares dipped 8.5% to $4.4550 on Friday.
Here are some other stocks moving in today&#8217;s mid-day session.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>Qualigen Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QLGN#NASDAQ">QLGN</a>) jumped 120% to $0.3870 after gaining 6% on Wednesday.</li>
<li>Zapp Electric Vehicles Group Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZAPP#NASDAQ">ZAPP</a>) rose 70.5% to $4.65 after gaining around 14% on Wednesday.</li>
<li>MediWound Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDWD#NASDAQ">MDWD</a>) shares jumped 45.6% to $21.12 after dipping around 7% on Wednesday.</li>
<li>Koss Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KOSS#NASDAQ">KOSS</a>) shares climbed 41.7% to $15.07, possibly on continued retail investor interest.</li>
<li>XChange TEC.INC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XHG#NASDAQ">XHG</a>) gained 27% to $1.06.</li>
<li>Shineco, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SISI#NASDAQ">SISI</a>) jumped 19.8% to $3.38.</li>
<li>NANO Nuclear Energy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NNE#NASDAQ">NNE</a>) climbed 17.7% to $27.85.</li>
<li>Annovis Bio, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ANVS#NYSE">ANVS</a>) rose 14.1% to $9.22.</li>
<li>CleanCore Solutions, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZONE#NYSE">ZONE</a>) surged 13% to $2.60.</li>
<li>Sirius XM Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIRI#NASDAQ">SIRI</a>) climbed 12.6% to $3.9750.</li>
<li>Ryde Group Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RYDE#NYSE">RYDE</a>) gained 11.9% to $7.22.</li>
<li>Mesoblast Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MESO#NASDAQ">MESO</a>) rose 11.6% to $7.60.</li>
<li>Macy&#8217;s, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/M#NYSE">M</a>) gained 10.4% to $19.79. An investor group aiming to purchase Macy's has reportedly increased its bid for the second time after previous offers failed. Arkhouse Management and Brigade Capital Management recently raised their proposal by approximately $300 million, reported The Wall Street Journal.</li>
<li>The Oncology Institute, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TOI#NASDAQ">TOI</a>) rose 9.8% to $0.5379.</li>
<li>Sharps Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STSS#NASDAQ">STSS</a>) rose 9.3% to $0.2514 after the company announced it received two purchase orders for a total of approximately one million SecureGard syringes for 2024 delivery.</li>
<li>Arm Holdings plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>) gained 7.4% to $180.54.</li>
<li>Smith &amp; Nephew plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNN#NYSE">SNN</a>) rose 7.2% to $26.93 after a Form6 filing showed Cevian Capital II GP Limited reported a 5.021046% stake in the company.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>Adamas One Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JEWL#NASDAQ">JEWL</a>) shares dipped 20.8% to $0.3660 after gaining 89% on Wednesday.</li>
<li>Cyngn Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CYN#NASDAQ">CYN</a>) shares dipped 20% to $4.30.</li>
<li>Eshallgo Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EHGO#NASDAQ">EHGO</a>) fell 19.2% to $2.11. Eshallgo closed $5 million initial public offering at $4 per share.</li>
<li>Vicinity Motor Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VEV#NASDAQ">VEV</a>) fell 18.3% to $0.4606.</li>
<li>Castle Biosciences, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSTL#NASDAQ">CSTL</a>) dipped 16.4% to $17.77.</li>
<li>CNS Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CNSP#NASDAQ">CNSP</a>) fell 15% to $1.24.</li>
<li>Portage Biotech Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRTG#NASDAQ">PRTG</a>) declined 14.1% to $0.1550.</li>
<li>SunPower Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPWR#NASDAQ">SPWR</a>) fell 12.4% to $2.3450.</li>
<li>Cartesian Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RNAC#NASDAQ">RNAC</a>) declined 11.4% to $15.60.</li>
<li>Shapeways Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHPW#NASDAQ">SHPW</a>) dipped 11.1% to $0.24.</li>
<li>Inseego Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INSG#NASDAQ">INSG</a>) fell 11.1% to $10.40.</li>
<li>XPeng Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>) declined 10% to $7.49. The company announced vehicle delivery figures for June and the first half of 2024 on Monday.</li>
<li>HDFC Bank Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HDB#NYSE">HDB</a>) dipped 7.7% to $61.49.</li>
<li>Zoomcar Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZCAR#NASDAQ">ZCAR</a>) shares fell 7.1% to $0.17. Zoomcar Holdings shares jumped 34% on Wednesday after the company announced that it expects an increase in its FY24 total revenue and decline in its FY24 net loss.</li>
<li>B. Riley Financial, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RILY#NASDAQ">RILY</a>) declined 7.1% to $15.74.</li>
<li>Marathon Digital Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>) declined 6.5% to $19.61 amid weakness in Bitcoin.</li>
<li>Bitdeer Technologies Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BTDR#NASDAQ">BTDR</a>) fell 6.1% to $11.11 amid a decline in Bitcoin prices.</li>
<li>Hut 8 Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HUT#NASDAQ">HUT</a>) fell 6.1% to $15.18 after the company its operations update for June 2024.</li>
<li>Iris Energy Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IREN#NASDAQ">IREN</a>) shares declined 5.9% to $13.53. Iris Energy announced on Tuesday that it has secured $413 million to fuel its Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) mining expansion.</li>
<li>Applied Digital Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APLD#NASDAQ">APLD</a>) shares fell 4.5% to $6.47 after gaining around 7% on Wednesday. B. Riley Securities analyst Lucas Pipes, last week, maintained Applied Digital with a Buy and raised the price target from $6 to $8.</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/07/39646821/how-to-earn-500-a-month-from-nvidia-stock">How To Earn $500 A Month From Nvidia Stock</a>

$BTC

ANVS

APLD

BTDR

CNSP

CSTL

INSG

IREN

MARA

MDWD

MESO

PRTG

RILY

RNAC

SISI

SPWR

ZCAR

ZONE

Why NIO Shares Are Trading Lower By Over 8%? Here Are Other Stocks Moving In Friday's Mid-Day Session

U.S. stocks traded mostly higher midway through trading, with the Nasdaq Composite gaining more than 100 points on Friday.
The Dow traded down 0.01% to 39,307.91 while the NASDAQ rose 0.71% to 18,316.89. The S&amp;P 500 also rose, gaining, 0.29% to 5,553.02.
Check This Out: <a href="https://www.benzinga.com/news/24/07/39645407/amazon-f5-and-2-other-stocks-insiders-are-selling">Amazon, F5 And 2 Other Stocks Insiders Are Selling</a>
Leading and Lagging Sectors Communication services shares jumped by 1.7% on Friday.
In trading on Friday, energy shares fell by 1.6%.
Top Headline
Nonfarm payrolls increased by 206,000 last month, slowing down by 12,000 from May, but above economist expectations of 189,000, with predictions ranging from 150,000 to 237,000.
The unemployment rate ticked slightly higher from 4% to 4.1% against expectations of an unchanged reading. Average hourly earnings advanced by 0.3% on month-on-month basis, decelerating from May's 0.4%, in line with expectations.
Equities Trading UP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<ul>
<li>Koss Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KOSS#NASDAQ">KOSS</a>) shares shot up 31% to $13.99, possibly on continued retail investor interest.</li>
<li>Shares of Macy&#8217;s, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/M#NYSE">M</a>) got a boost, surging 12% to $20.06. An investor group aiming to purchase Macy's has reportedly increased its bid for the second time after previous offers failed. Arkhouse Management and Brigade Capital Management recently raised their proposal by approximately $300 million, reported The Wall Street Journal.</li>
<li>Sharps Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STSS#NASDAQ">STSS</a>) shares were also up, gaining 10% to $0.2539. On Wednesday, the medical device and pharmaceutical packaging company received two purchase orders for approximately 1 million SecureGard ultra-low waste smart safety syringes produced at Sharps' manufacturing facility in Hungary.</li>
</ul>
Equities Trading DOWN
<ul>
<li>NIO Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) shares dropped 8% to $4.4850 after the company disclosed that Steven Wei Feng has resigned as the Chief Financial Officer for personal and family reasons, effective July 5, 2024.</li>
<li>Shares of Eshallgo Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EHGO#NASDAQ">EHGO</a>) were down 21% to $2.05. Eshallgo closed $5 million initial public offering at $4 per share.</li>
<li>XPeng Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>) was down, falling 10% to $7.51. The company announced vehicle delivery figures for June and the first half of 2024 on Monday.</li>
</ul>
Also Check This Out: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/07/39646161/top-3-financial-stocks-youll-regret-missing-in-q3">Top 3 Financial Stocks You&#8217;ll Regret Missing In Q3</a> 
Commodities In commodity news, oil traded up 0.1% to $83.93 while gold traded up 0.8% at $2,387.50.
Silver traded up 1.2% to $31.21 on Friday, while copper rose 2.4% to $4.6405.
Euro zone
European shares were mostly lower today. The eurozone's STOXX 600 fell 0.35%, Germany's DAX fell 0.01% and France's CAC 40 fell 0.46%. Spain's IBEX 35 Index fell 0.84%, while London's FTSE 100 fell 0.63%.
Retail sales in the Eurozone rose 0.1% month-over-month in compared to a revised 0.2% decline in April. UK's Halifax House Price Index rose 1.6% year-over-year in June, while French trade deficit increased to €8 billion in May versus a revised €7.5 billion in the prior month. German industrial production fell by 2.5% month-over-month for May.
Asia Pacific Markets
Asian markets closed lower on Friday, with Japan's Nikkei falling 0.01%, Hong Kong's Hang Seng Index declining 1.27%, China's Shanghai Composite Index falling 0.26% and India's S&amp;P BSE Sensex declining 0.07%.
The index of leading economic indicators in Japan rose to 111.1 in May from 110.9 in the earlier month, while index of coincident economic indicators increased to 116.5 from115.2. Household spending in Japan fell by 1.8% year-over-year in May.
Economics
Nonfarm payrolls increased by 206,000 last month, slowing down by 12,000 from May, but above economist expectations of 189,000, with predictions ranging from 150,000 to 237,000.
Now Read This: <a href="https://www.benzinga.com/24/07/39646004/wall-streets-most-accurate-analysts-spotlight-on-3-real-estate-stocks-delivering-high-dividend-yield">Wall Street&#8217;s Most Accurate Analysts Spotlight On 3 Real Estate Stocks Delivering High-Dividend Yields</a>

Nasdaq Surges Over 100 Points; Sharps Technology Shares Spike Higher

Koss Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KOSS#NASDAQ">KOSS</a>) shares are trading higher Friday on continued interest from retail investors. Here's a <a href="https://www.benzinga.com/general/social-media/24/07/39645811/koss-stock-rockets-250-meme-stock-madness-strikes-again">look at what's going on.&nbsp;</a>
What To Know:
Koss shares rocketed more than 250% Wednesday as retail investors circulated a <a href="https://www.reddit.com/r/Superstonk/comments/1dtv3zj/the_gme_koss_connection_the_spark_to_ignite_the/">social media post</a> speculating on a possible connection between GameStop Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>), Chewy, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHWY#NYSE">CHWY</a>) and Koss. The post attempts to extract a pattern from a series of emojis posted by Roaring Kitty, and some investors speculate that Koss may be the next stock Roaring Kitty will target based on his emojis.  
Read Next:<a href="https://www.benzinga.com/news/24/07/39618559/koss-corp-stock-is-ripping-higher-as-roaring-kitty-speculation-mounts-whats-going-on"> Koss Corp Stock Is Ripping Higher As Roaring Kitty Speculation Mounts: What&#8217;s Going On?</a>
Koss shares are moving on heavy trading volume again Friday, and the stock was halted for volatility shortly after the opening bell.&nbsp; Nearly 8% of available Koss shares are being sold short, according to the latest data from <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, which can contribute to large price movements when combined with heavy trading volume.&nbsp;
Koss also has a low float of just over 5 million shares and more than 28.5 million shares have already been traded in Friday's session.&nbsp;
<h2 class="wp-block-heading">How To Buy KOSS Stock: </h2>
By now you're likely curious about how to participate in the market for Koss &#8211; be it to purchase shares, or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of <a href="https://www.benzinga.com/money/best-stock-trading-platforms">possible trading platforms here.</a> Many will allow you to buy ‘fractional shares,' which allows you to own portions of stock without buying an entire share. For example, some stock, like Berkshire Hathaway, or Amazon.com, can cost thousands of dollars to own just one share. However, if you only want to invest a fraction of that, brokerages will allow you to do so. 
In the the case of Koss, which is trading at $16.84 as of publishing time, $100 would buy you 5.94 shares of stock.
If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to ‘go short' a share of stock by lending you the shares to sell. The process of shorting a <a href="https://www.benzinga.com/money/how-to-short-a-stock">stock can be found at this resource.</a> Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading &#8211; either way it allows you to profit off of the share price decline.
KOSS Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Koss Corporation shares are up 48.5% at $15.78 at the time of publication Friday.
Read Also:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/news/24/07/39600553/whats-going-on-with-chargepoint-stock">What&#8217;s Going On With ChargePoint Stock?</a></li>
</ul>
Image: NikolayF from Pixabay

CHWY

U.S. stocks were mixed, with the Dow Jones index falling around 90 points on Friday.
Shares of Macy&#8217;s, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/M#NYSE">M</a>) rose <a href="https://www.benzinga.com/markets/equities/24/07/39645354/whats-going-on-with-department-store-major-macys-shares-on-friday">sharply during Friday's session</a>.
An investor group aiming to purchase Macy's has reportedly increased its bid for the second time after previous offers failed. Arkhouse Management and Brigade Capital Management recently raised their proposal by approximately $300 million, reported The Wall Street Journal.
Macy&#8217;s shares jumped 10.4% to $19.79 on Friday.
Here are some other big stocks recording gains in today&#8217;s session.
<ul>
<li>Koss Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KOSS#NASDAQ">KOSS</a>) shares gained 41.7% to $15.07, possibly on continued retail investor interest.</li>
<li>NANO Nuclear Energy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NNE#NASDAQ">NNE</a>) gained 17.7% to $27.85.</li>
<li>Sirius XM Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIRI#NASDAQ">SIRI</a>) shares rose 12.6% to $3.9750.</li>
<li>Mesoblast Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MESO#NASDAQ">MESO</a>) gained 11.6% to $7.60.</li>
<li>Eos Energy Enterprises, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EOSE#NASDAQ">EOSE</a>) gained 10.1% to $1.9495. Eos Energy recently expanded a project with Indian Energy and the California Energy Commission.</li>
<li>Fitell Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTEL#NASDAQ">FTEL</a>) gained 8.9% to $31.98.</li>
<li>DigiAsia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FAAS#NASDAQ">FAAS</a>) rose 8.9% to $5.95.</li>
<li>Insmed Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INSM#NASDAQ">INSM</a>) climbed 8.3% to $67.26. Insmed reported inducement grants under NASDAQ Listing Rule 5635(c)(4).</li>
<li>Hertz Global Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTZ#NASDAQ">HTZ</a>) gained 7.6% to $3.77. Oppenheimer analyst Ian Zaffino maintained Hertz Global with a Perform rating.</li>
<li>Arm Holdings plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>) shares rose 7.4% to $180.54.</li>
<li>Smith &amp; Nephew plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNN#NYSE">SNN</a>) gained 7.2% to $26.93 after a Form6 filing showed Cevian Capital II GP Limited reported a 5.021046% stake in the company.</li>
<li>Archer Aviation Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACHR#NYSE">ACHR</a>) rose 5.8% to $4.45. Archer Aviation 10% owner SFS UK 1 LTD. acquired a total of 17,401,153 shares at an average price of $3.16.</li>
<li>AppLovin Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>) gained 4.4% to $90.79. AppLovin is expected to report financial results for the second quarter on Wednesday, Aug. 7.</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/24/07/39646004/wall-streets-most-accurate-analysts-spotlight-on-3-real-estate-stocks-delivering-high-dividend-yield">Wall Street&#8217;s Most Accurate Analysts Spotlight On 3 Real Estate Stocks Delivering High-Dividend Yields</a>

ACHR

FAAS

FTEL

INSM

Macy's, Koss And Other Big Stocks Moving Higher On Friday

Koss Shares Halted To The Downside; Stock Now Up 27.19%

Koss Shares Resume Trade

Koss Shares Halted On Circuit Breaker To The Upside, Stock Now Up 51.9%

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
There are plenty of speculators out there looking for the next meme stock to bet on. Koss (NASDAQ:<a href="https://investorplace.com/stock-quotes/koss-stock-quote/">KOSS</a>) is one such company that appears to be garnering interest in these circles, with KOSS stock <a href="https://www.marketwatch.com/story/koss-surges-as-meme-stock-chatter-again-swirls-around-the-headphone-maker-3179a47e">surging 143%</a> today on a shortened session. 



Importantly, it&rsquo;s worth pointing out that more than 67 million shares of KOSS stock have traded hands thus far today, far outpacing the stock&rsquo;s average daily volume of around 900,000 shares. Accordingly, it&rsquo;s clear there&rsquo;s a lot of intense buying pressure supporting this rise. Retail investors do appear to be getting excited in certain corners of the market, with speculation also building that this could be a stock poised for a <a href="https://investorplace.com/2024/07/koss-stock-alert-koss-surges-90-on-renewed-meme-interest/">short squeeze</a>.



Let&rsquo;s dive into today&rsquo;s move, and try to make sense of what may be driving this little-known headphone maker higher today. 



<h2>KOSS Stock Surges as Meme Frenzy Picks Up Again</h2>



With seemingly no direct posts about Koss from Roaring Kitty (Keith Gill) or others in the meme stock community, today&rsquo;s move in Koss is certainly intriguing. 



The company&rsquo;s volume today certainly suggests there are a large number of investors (or someone with deep pockets) behind today&rsquo;s move. Indeed, any stock that more than doubles in a given trading day is going to invite some momentum investors to jump aboard any near-term rally. 



However, I think Koss&rsquo; relatively low share price, low float and somewhat high short interest ratio of around 8% could be catalyzing certain investors to back this company. The stock&rsquo;s current borrow rate of more than 36% could certainly indicate that a squeeze could be possible if enough demand for these shares materializes, given how hard they are to apparently source.



The question is whether Koss&rsquo; renewed attention from meme traders will invite more serious investors to put up shares for borrowing or if the company will use this opportunity to issue more shares. In both cases, the thesis could be derailed quickly.



We&rsquo;ll have to see. For now, this is an intriguing stock traders may want to keep an eye on. But with this kind of volatility, I&rsquo;ll happily watch the proceedings from the sidelines. And institutional investors seem to be mostly thinking the same thing. So, let&rsquo;s dive into who&rsquo;s betting big on this stock right now.



<h2>Top 5 Investors Betting Big on Koss Stock</h2>



For context, this data comes courtesy of <a href="https://finance.yahoo.com/quote/KOSS/holders/">Yahoo Finance</a>:



<ul><li>Vanguard currently owns more than 262,000 shares, or 2.8% of the company&rsquo;s overall float.</li>



<li>Dimensional Fund Advisors comes in second, with 136,145 shares, or 1.5% of the company.</li>



<li>Blackrock (NYSE:<a href="https://investorplace.com/stock-quotes/blk-stock-quote/">BLK</a>) owns 0.7% of the company, or a little under 62,000 shares.</li>



<li>Geode Capital Management owns 59,467 shares for fourth place, or 0.6% of the overall share count.</li>



<li>Renaissance Technologies rounds out the list, with 22,660 shares good for 0.2% of KOSS stock.</li>
</ul>On the date of publication, Chris MacDonald did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines</a>.



On the date of publication, the responsible editor did not have (either directly or indirectly) any positions in the securities mentioned in this article.
<div>Chris MacDonald&rsquo;s love for investing led him to pursue an MBA in Finance and take on a number of management roles in corporate finance and venture capital over the past 15 years. His experience as a financial analyst in the past, coupled with his fervor for finding undervalued growth opportunities, contribute to his conservative, long-term investing perspective.</div><h3>More From InvestorPlace</h3>
		<ul><li>
						<a href="https://investorplace.com/2023/10/no-1-ai-investment-might-be-this-company-youve-never-heard-of/?cid=MKT764787&amp;eid=MKT802110">The #1 AI Investment Might Be This Company You&rsquo;ve Never Heard Of</a>
					</li>
																<li>
						<a href="https://investorplace.com/2023/07/elon-musks-project-omega-stuns-silicon-valley-insiders/?cid=MKT738510&amp;eid=MKT766411">Musk&rsquo;s &ldquo;Project Omega&rdquo; May Be Set to Mint New Millionaires. Here&rsquo;s How to Get In.</a>
					</li>
																<li>
						<a href="https://investorplace.com/2024/04/legendary-investor-predicts-forget-a-i-this-technology-is-the-future/?cid=MKT794457&amp;eid=MKT802109">Legendary Investor Predicts: &ldquo;Forget A.I. THIS Technology Is the Future&rdquo;</a>
					</li>
									</ul><div>
			<div></div>
						<div></div>
					</div>
	The post <a href="https://investorplace.com/2024/07/5-investors-betting-big-on-koss-koss-stock/">5 Investors Betting Big on Koss (KOSS) Stock</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

5 Investors Betting Big on Koss (KOSS) Stock

Koss shares rise in volatile trading

Will Koss headlines surge the company's headphone sales as a self-actuating prophecy?

Why is Headphone Maker KOSS Stock Surging This Week?

Meme watch: Koss falls back after last week's 200% momentum-driven pop

The Dow Jones Industrial Average is up triple digits midday, as investors look ahead to this week's inflation data.

S&P 500, Nasdaq Extend Record Highs; Dow Up Triple Digits

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
When it comes to social media frenzies, securities that meme trader Keith Gill &mdash; known online as &ldquo;Roaring Kitty&rdquo; &mdash; own do not represent the only avenue for extreme upside. Rather, speculation about what Gill could buy next can be just as powerful. Consider the case of consumer electronics specialist Koss (NASDAQ:<a href="https://investorplace.com/stock-quotes/koss-stock-quote/">KOSS</a>), which went skyrocketing last week. Unfortunately, the fervor appears to have faded, with KOSS stock down sharply on Monday.



At one point, shares slipped more than 20% before modestly paring back some of the red ink. According to a Reuters report, some of Gill&rsquo;s followers took note of a <a href="https://www.reuters.com/markets/meme-stock-speculation-propels-koss-shares-25-higher-friday-2024-07-05/">cryptic post</a> that the trader made on social media. Scrolled across at the end of a video, an image shown as an emoji featured a microphone with the U.S. flag set in the background.



Some retail investors speculated that Roaring Kitty would acquire KOSS stock on or around the Independence Day holiday. Given Gill&rsquo;s history of obscure social media activities leading to significant investment positions, excitement over the consumer electronics firm soared. However, other voices expressed skepticism, noting that Koss is primarily a headphone manufacturer.



Unfortunately, Gill has <a href="https://www.marketwatch.com/story/kosss-stock-pares-gains-after-spike-amid-rumors-of-interest-from-roaring-kitty-0092990e">yet to make a public post</a> about KOSS stock directly. As a result, speculators may have become disheartened, hence Monday&rsquo;s big loss.



<h2>The Fundamentals Eventually Mattered for KOSS Stock</h2>



In the investment market, a commonly expressed theme is that the fundamentals will eventually matter. Stated differently, it&rsquo;s always possible for an equity to become disassociated with the <a href="https://www.investopedia.com/terms/f/fundamentals.asp">core set of qualitative and quantitative data</a> that undergirds a company&rsquo;s valuation. At some point, though, this disassociation tends to correct itself.



That may also be contributing to the current weakness in KOSS stock. Steve Sosnick, a market strategist at Interactive Brokers, stated simply that &ldquo;[t]here are absolutely no fundamental reasons why this company might be worth four times what it was at the beginning of the week.&rdquo;



It&rsquo;s worth pointing out that according to Yahoo Finance, KOSS stock trades at <a href="https://finance.yahoo.com/quote/KOSS/key-statistics/">10.02x trailing-year sales</a>. However, the average revenue multiple between the first quarter of 2023 and Q1 2024 sat at only 2.4x.



Moreover, Sosnick and other traders stated that almost 50% of the company&rsquo;s 9.25 million shares are held by insiders. That means the public float is quite small, allowing for modest purchasing upticks to result in robust swings. At the same time, the opposite is also true, contributing to today&rsquo;s market volatility.



On the date of publication, Josh Enomoto did not have (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.



On the date of publication, the responsible editor did not have (either directly or indirectly) any positions in the securities mentioned in this article.
<div>A former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare. Tweet him at @EnomotoMedia.</div><h3>More From InvestorPlace</h3>
		<ul><li>
						<a href="https://investorplace.com/2023/10/no-1-ai-investment-might-be-this-company-youve-never-heard-of/?cid=MKT764787&amp;eid=MKT802110">The #1 AI Investment Might Be This Company You&rsquo;ve Never Heard Of</a>
					</li>
																<li>
						<a href="https://investorplace.com/2023/07/elon-musks-project-omega-stuns-silicon-valley-insiders/?cid=MKT738510&amp;eid=MKT766411">Musk&rsquo;s &ldquo;Project Omega&rdquo; May Be Set to Mint New Millionaires. Here&rsquo;s How to Get In.</a>
					</li>
																<li>
						<a href="https://investorplace.com/2024/04/legendary-investor-predicts-forget-a-i-this-technology-is-the-future/?cid=MKT794457&amp;eid=MKT802109">Legendary Investor Predicts: &ldquo;Forget A.I. THIS Technology Is the Future&rdquo;</a>
					</li>
									</ul><div>
			<div></div>
						<div></div>
					</div>
	The post <a href="https://investorplace.com/2024/07/koss-stock-plunges-20-as-roaring-kitty-hype-fades/">KOSS Stock Plunges 20% as Roaring Kitty Hype Fades</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

KOSS Stock Plunges 20% as Roaring Kitty Hype Fades

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
<a href="https://investorplace.com/stock-types/meme-stocks/">Meme stocks</a> looked to be on the comeback trail in May of this year after retail trader Keith Gill, known online as &ldquo;Roaring Kitty,&rdquo; made a triumphant <a href="https://www.cnn.com/2024/06/12/investing/premarket-stocks-trading-meme-gamestop/index.html">return to social media</a> after a three-year hiatus. By posting only a few cryptic memes heralding his return, Gill managed to more than double the share prices of popular undervalued meme stocks such as GameStop (NYSE:<a href="https://investorplace.com/stock-quotes/gme-stock-quote/">GME</a>) and AMC Entertainment (NYSE:<a href="https://investorplace.com/stock-quotes/amc-stock-quote/">AMC</a>).



Other undervalued meme stocks, such as headphone maker Koss (NASDAQ:<a href="https://investorplace.com/stock-quotes/koss-stock-quote/">KOSS</a>) saw their <a href="https://finance.yahoo.com/news/meme-stock-speculation-propels-koss-204937539.html">stocks rise more than 20%</a> on news of Gill&rsquo;s return. Meme stocks are defined as shares of a company that have gained viral popularity due to heightened social media attention. They tend to be stocks of once-dominant companies that have fallen on hard times and whose shares are heavily shorted on Wall Street.



As is typically the case, the meme stock rally of late May did not last long and most of the companies involved saw their <a href="https://finance.yahoo.com/video/meme-stock-trade-maintain-momentum-202206838.html">share prices fall</a> back to earth throughout June. The pullback has left many meme stocks deep in the red and looking cheap at current levels. Here are the seven most undervalued meme stocks to buy in July 2024.



<h2>GameStop (GME)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/05/gamestop-sign-gme-stock-storefront-1600-300x169.jpg" alt="GameStop (GME) sign on side of building in blue early morning light"><div>Source: shutterstock.com/EchoVisuals</div></div>We&rsquo;ll start with GameStop. Setting aside the return of Roaring Kitty, the brick-and-mortar video game retailer continues to report abysmal financial results that are weighing on its share price. Results were particularly bad for this year&rsquo;s first quarter, which management issued along with plans to <a href="https://www.cnbc.com/2024/06/07/gamestop-gme-q1-earnings.html">sell additional GME stock</a>, further diluting the holdings of existing shareholders.



The end result is that GameStop stock has declined 50% from the peak it reached in mid-May this year when Roaring Kitty resurfaced. The company&rsquo;s shares are 70% below the all-time high they reached in January 2021 during the original meme stock craze. GameStop&rsquo;s sales in the first three months of this year totaled $881.8 million, down 29% from $1.237 billion a year ago. News of the stock dilution appears to have dampened enthusiasm over Roaring Kitty&rsquo;s return. That and <a href="https://nypost.com/2024/07/01/business/roaring-kitty-sued-for-pump-and-dump-scheme-with-gamestop-stock/">a class-action lawsuit</a> alleging a classic pump-and-dump. 



<h2>Trump Media &amp; Technology Group (DJT)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/03/dwac1600-300x169.png" alt="In this photo illustration, the Truth Social logo seen displayed on a smartphone with a photo of former US President Donald Trump displayed in the background. DJT stock"><div>Source: rafapress / Shutterstock.com</div></div>GameStop&rsquo;s earnings look sterling when compared to the finances of Trump Media &amp; Technology Group (NASDAQ:<a href="https://investorplace.com/stock-quotes/djt-stock-quote/">DJT</a>). The company, which runs the Truth Social platform that is essentially a clone of Twitter, reported <a href="https://apnews.com/article/trump-media-earnings-0ee9a4598f7da6c217720445605dfbdd">a net loss</a> for this year&rsquo;s first quarter of $327.6 million on less than $1 million in revenue. Consequently, it&rsquo;s been a bumpy ride for DJT stock in recent months.



The <a href="https://www.cnn.com/2024/06/25/business/trump-media-technology-group-value/index.html">share price has fallen 55%</a> from a peak reached in March of this year shortly after the company went public through a special purpose acquisition company (SPAC). DJT stock also fell 15% after former President Donald Trump was found guilty on 34 felony counts related to falsifying business documents in a criminal hush money case. More recently, the stock has fallen 30% in the last month.



While the share price decline is disappointing, it has certainly made DJT stock cheaper to buy for investors with an appetite for risk. 



<h2>Tilray Brands (TLRY)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/08/tlry1600-300x169.png" alt="In this photo illustration, the Tilray Brands (TLRY) logo is displayed on a smartphone screen"><div>Source: rafapress / Shutterstock.com</div></div>Cannabis producer Tilray Brands (NASDAQ:<a href="https://investorplace.com/stock-quotes/tlry-stock-quote/">TLRY</a>) has also been getting cheaper as its finances deteriorate. The company most recently reported a quarterly loss of $105 million and lowered its forward guidance as its sales continue to decline. The result is that <a href="https://www.investopedia.com/tilray-stock-tanks-following-earnings-miss-outlook-cut-8628796">TLRY stock has fallen 20%</a> this year. Over five years, the stock has declined 96% and now trades deep down on the penny stock league tables.



Tilray said that it expects earnings of only $60 million to $63 million for its entire 2024 financial year. The <a href="https://www.fool.com/investing/2024/05/26/tilray-brands-just-slashed-its-guidance-is-it-a-bu/">new guidance</a> is down from earlier estimates of $68 million to $78 million in earnings. Management said they no longer expect positive free cash flow this financial year. The deteriorating situation has raised concerns about Tilray&rsquo;s ability to continue operating. Still, TLRY stock is not available to buy for less than $2 a share.



<h2>BlackBerry (BB)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/01/bb1600-300x169.png" alt="BlackBerry Limited logo. Company was originally known as Research In Motion (RIM), a Canadian software company specializing in cybersecurity.. BB stock"><div>Source: Poetra.RH / Shutterstock.com</div></div>BlackBerry (NYSE:<a href="https://investorplace.com/stock-quotes/bb-stock-quote/">BB</a>) is also trading in the penny stock range having decreased 30% year to date. As with the other undervalued meme stocks, BlackBerry&rsquo;s share price is declining as the company reports woefully bad financial results. In this year&rsquo;s first quarter, BlackBerry&rsquo;s net loss grew by nearly 300% as its sales continued to deteriorate. The former smartphone maker reported a Q1 loss of $42 million, which was 282% greater than a net loss of $11 million a year earlier.



Revenue at BlackBerry totaled $144 million in Q1, down 61% from $373 million a year ago. The poor results come as BlackBerry prepares to divide its cybersecurity business and its Internet of Things (IoT) division. BlackBerry is also <a href="https://www.baystreet.ca/techinsider/4377/BlackBerrys-Net-Loss-Widens-By-Nearly-300-As-Sales-Plummet">cutting costs </a>as its financial situation worsens. Earlier this year, the company eliminated 200 jobs and closed six of its 36 global offices. It remains to be seen if the measures will be enough to right the ship.



BB stock has declined 50% in the last 12 months. 



<h2>Fisker (FSRNQ)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/05/fisker1600-1-300x169.png" alt="Smartphone with logo of American electric vehicle company Fisker Inc. in front of business website. Focus on center of phone display. Unmodified photo. Fisker stock. FSRN stock"><div>Source: T. Schneider / Shutterstock.com</div></div>Now for a bankruptcy filing. Electric vehicle start-up Fisker (OTC:<a href="https://investorplace.com/stock-quotes/fsrnq-stock-quote/">FSRNQ</a>) has <a href="https://www.reuters.com/business/autos-transportation/ev-startup-fisker-files-bankruptcy-2024-06-18/">filed for bankruptcy protection</a> from its creditors and plans to sell its assets. The company&rsquo;s stock now trades for less than two cents on the over-the-counter market. But that hasn&rsquo;t stopped retail investors from bidding up this troubled meme stock. Fisker stock continues to pop occasionally as investors nibble at it, though the share price is down 99% on the year.



Fisker is the latest in a string of electric vehicle companies to seek bankruptcy protection from creditors, following Lordstown Motors. Analysts say the businesses are failing as the electric vehicle stock bubble bursts and consumers move away from battery-powered autos in favor of gas-electric hybrid models. Fisker made more than 10,000 vehicles in 2023 but delivered only about 4,700. This is the second time Fisker has filed for <a href="https://www.financierworldwide.com/fisker-automotive-files-for-chapter-11">Chapter 11 bankruptcy</a>. The company now plans to sell its assets and restructure its debt.



<h2>Canopy Growth (CGC)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/04/cgc-1600-1-300x169.png" alt="Closeup of mobile phone screen with logo lettering of cannabinoid company canopy growth cannabis, blurred marijuana in the background. CGC stock."><div>Source: Ralf Liebhold / Shutterstock</div></div>Another cannabis stock. This one is Canopy Growth Corp. (NASDAQ:<a href="https://investorplace.com/stock-quotes/cgc-stock-quote/">CGC</a>). On the surface, things look to be improving for this company&rsquo;s stock. The share price has risen nearly 30% this year and is trading above $6. But don&rsquo;t be fooled. The gains and current share price are due to Canopy Growth executing <a href="https://www.baystreet.ca/stockstowatch/16668/Canopy-Growths-Stock-Falls-20-On-News-Of-Reverse-Stock-Split">a reverse stock split</a>. Reverse stock splits are the opposite of regular stock splits. Rather than reduce the share price, they raise it by consolidating the stock.



Reverse stock splits are seen by markets as an act of desperation by companies that are trying to artificially boost their share price, often to avoid being delisted from an exchange. In the case of Canopy Growth, the company was in danger of being delisted by the Nasdaq exchange as its share price had been trading below $1. In response, the company <a href="https://investorplace.com/2023/12/canopy-growth-just-enacted-a-1-for-10-reverse-split-of-cgc-stock/">consolidated its shares</a> on a one-for-10 basis. Over the last five years, CGC stock has fallen 98% amid speculation that the company will file for bankruptcy.



<h2>AMC Entertainment (AMC)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/05/amc-1600-1-300x169.png" alt="AMC theater in Glendale, Arizona. AMC stock."><div>Source: JJava Designs / Shutterstock</div></div>We&rsquo;ll end with another leading meme stock, AMC Entertainment. The largest U.S. movie theater chain saw its share price more than double when Roaring Kitty resurfaced. Unfortunately, the stock has since dropped 20% from a peak reached in mid-May and is on the cusp of falling into penny stock territory. In the last 12 months, AMC <a href="https://investorplace.com/2024/07/from-meme-darling-to-99-crash-is-this-amc-stocks-final-act/">stock has decreased 85%</a>, making the shares cheap if not undervalued. 



AMC Entertainment continues to struggle with a decline in moviegoers that began during the COVID-19 crisis and a big debt load that it took on during the pandemic when its theaters were closed or forced to operate at reduced capacity. At the start of this year, AMC had <a href="https://www.barrons.com/articles/amc-stock-price-buy-sell-3fde93fb">$8.6 billion of long-term debt</a>, up from $5.2 billion before the pandemic. The company did manage to narrowly <a href="https://www.streetinsider.com/Earnings/AMC+Entertainment+%28AMC%29+Tops+Q1+EPS+by+1c%2C+Beats+on+Revenue%3B+Offers+Guidance+Comments/23195187.html">beat analysts&rsquo; forecasts</a> with its Q1 print. So there might still be hope for the company and its shareholders.



On the date of publication, Joel Baglole did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://nam12.safelinks.protection.outlook.com/?url=https%3A%2F%2Finvestorplace.com%2Fcorporate%2Finvestorplace-publishing-guidelines%2F&amp;data=04%7C01%7C%7C5a525d9084ae4cdfb8f008da1edbf06e%7C84df9e7fe9f640afb435aaaaaaaaaaaa%7C1%7C0%7C637856227247256778%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000&amp;sdata=uLFH3ol2mcVxuJrHYW3xDLVx3qGIvonIwHvcfUa%2Fo24%3D&amp;reserved=0">Publishing Guidelines</a>.
<div>Joel Baglole has been a business journalist for 20 years. He spent five years as a staff reporter at The Wall Street Journal, and has also written for The Washington Post and Toronto Star newspapers, as well as financial websites such as The Motley Fool and Investopedia.</div><h3>More From InvestorPlace</h3>
		<ul><li>
						<a href="https://investorplace.com/2024/04/legendary-investor-predicts-forget-a-i-this-technology-is-the-future/?cid=MKT794457&amp;eid=MKT802109">Legendary Investor Predicts: &ldquo;Forget A.I. THIS Technology Is the Future&rdquo;</a>
					</li>
									</ul><div>
			<div></div>
						<div></div>
					</div>
	
The post <a href="https://investorplace.com/2024/07/the-7-most-undervalued-meme-stocks-to-buy-in-july-2024/">The 7 Most Undervalued Meme Stocks to Buy in July 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

The 7 Most Undervalued Meme Stocks to Buy in July 2024

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Can you trust the people giving you advice on social media? That&rsquo;s a question everyone should take the time to ask themselves.



The rise of influencer marketing has created a convenient avenue for companies to push questionable or even dangerous products into the American mainstream. Platforms such as Instagram and TikTok have enabled average people to reach influencer status and companies have seized the opportunity to expose new markets to their offerings &mdash; even if they aren&rsquo;t safe or advisable. For example, social media influencers have promoted tobacco products to non-smokers and dangerous tanning products to young people with very little regulation. Now, this dangerous trend has infected financial markets as well.&nbsp;



This is evident in the recent resurgence of Keith Gill (aka Roaring Kitty), the social media influencer credited with launching the GameStop (NYSE:<a href="https://investorplace.com/stock-quotes/gme-stock-quote/">GME</a>) short squeeze.&nbsp;Gill retreated from the public eye after the 2021 GME stock short squeeze momentum died down, by which point, Business Insider <a href="https://www.businessinsider.com/where-is-keith-gill-now-dumb-money-movie-gamestop-2023-9">reports</a>, his position in the video game retailer had reached a value of $30 million. For years after that, he remained quiet on YouTube and Reddit, platforms on which he had amassed a significant following.&nbsp;



But on May 12, 2024, with no warning, Gill resurfaced on X (formerly Twitter) by sharing an <a href="https://x.com/TheRoaringKitty/status/1789807772542067105?lang=en">image of a man playing video games</a>. Gill offered no context, but he didn&rsquo;t need to. <a href="https://investorplace.com/stock-types/meme-stocks/">Meme stocks</a> such as GameStop and AMC Entertainment (NYSE:<a href="https://investorplace.com/stock-quotes/amc-stock-quote/">AMC</a>) surged almost instantly.&nbsp;



However, meme stock rallies often fizzle out quickly, and this time proved to be no exception. Gill&rsquo;s initial post proved effective at sending GME stock up more than 170% while AMC and fellow meme stock Koss (NASDAQ:<a href="https://investorplace.com/stock-quotes/koss-stock-quote/">KOSS</a>) enjoyed similar momentum. But less than a week later, the momentum subsided and shares fell significantly (although they remained elevated year-to-date).



As shares battled high volatility, regulators <a href="https://www.reuters.com/markets/us/massachusetts-regulator-probes-roaring-kittys-gamestop-trades-2024-06-04/">began to eye</a> Gill&rsquo;s trading activity as suspicious. CoinGape reports that U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler has expressed specifically that Gill&rsquo;s trades could <a href="https://coingape.com/why-sec-is-unlikely-to-probe-roaring-kitty-as-he-exploits-loophole/">potentially be considered</a> market manipulation.&nbsp;



After the dust settled from the Roaring Kitty rally of May 2024, two things were abundantly clear: 1) Gill is one of the investing world&rsquo;s most powerful influencers and 2) if his followers aren&rsquo;t careful, his influence could cost them a lot of money.



<h2>The Rise of Dangerous Influencer Marketing&nbsp;</h2>



Keith Gill isn&rsquo;t the first person that comes to mind when you hear the term &ldquo;social media influencer&rdquo; and the combo of social media and the stock market is certainly a newer phenomena. But this is an evolving world. As social media platforms have exploded in popularity throughout the past decade, so has influencer marketing. People have found ways to build significant followings &mdash; even if sometimes that means posting content that goes viral unexpectedly, just as Gill did when he first began vlogging about his initial GME investment. Companies have replaced their television infomercials &mdash; long a staple of advertising &mdash; with social media partners who can reach millions with one post.&nbsp;



Integral to the impact of influencers is that they are not traditional celebrities. According to <a href="https://www.agilitypr.com/pr-news/public-relations/a-brief-history-of-influencer-marketing-and-2-trends-that-define-its-future/">recent studies</a>, &ldquo;92 percent of consumers prefer recommendations from people they know over traditional advertisements.&rdquo;&nbsp;Another 2024 study revealed that <a href="https://www.charleagency.com/articles/influencer-marketing-statistics/#:~:text=Over%2060%25%20of%20consumers%20trust,%241%20spent%20on%20influencer%20marketing.">more than 60%</a> of consumers trust influencer recommendations enough to let them impact their purchasing decisions.&nbsp;



However, the many people making purchases based on influencer content might be better served to look into what they are buying. In 2021, tobacco giant British American Tobacco (NYSE:<a href="https://investorplace.com/stock-quotes/bti-stock-quote/">BTI</a>) <a href="https://www.theguardian.com/business/2021/feb/20/tobacco-giant-bets-1bn-on-social-media-influencers-to-boost-lung-friendlier-sales">began partnering</a> with social media influencers to promote Velo, a nicotine product known for its addictive tendencies. In 2022, BBC News also found that many U.K. influencers had been <a href="https://www.bbc.com/news/health-60348334">promoting</a> tanning products that their country had banned due to <a href="https://www.onegreenplanet.org/lifestyle/watch-out-for-social-media-influencers-promoting-dangerous-tanning-products/">links to cancer</a>. Other influencers have been <a href="https://www.ftc.gov/news-events/news/press-releases/2023/11/ftc-warns-two-trade-associations-dozen-influencers-about-social-media-posts-promoting-consumption">accused</a> by the Federal Trade Commission&nbsp;of promoting the safety of artificial sweeteners such as aspartame without proper disclosures.&nbsp;



The trend of everyday people gaining profound influence over such large audiences likely helped pave the way for Gill. His down-to-earth persona and playful cat t-shirts were a stark contrast to the shiny suits and vests that have become the uniforms of Wall Street. And this image likely helped him resonate with people who saw Wall Street as the enemy, especially as Gill&rsquo;s investing mentality offered a way to strike back at the institutions of high finance.&nbsp;



How deeply did he resonate with investors? The subreddit forum r/WallStreetBets, where Gill first gained notoriety in 2020, had <a href="https://marketrebellion.com/news/trading-insights/the-degenerate-history-of-wall-street-bets/">reached 10 million</a> registered subscribers by May 2021, by which point the squeeze had mostly concluded. According to <a href="https://subredditstats.com/r/wallstreetbets">recent statistics</a>, that number is now closer to 15 million.&nbsp;



<h2>The Damage Done</h2>



Gill likely didn&rsquo;t start out with the goal of inspiring an entire generation of traders. He claims he first purchased GME call options in June 2019 and increased his position through 2020 because he saw GME stock as being undervalued. As he documented his journey through Reddit and YouTube, many amateur traders started buying shares and options themselves in what they saw as a quest to harm the Wall Street short sellers who were betting against the stock.&nbsp;



Intentionally or not, Roaring Kitty was peddling a dangerous product, however: Meme stocks. Amateur traders were watching a seemingly regular person make what looked like easy money while harming the financial institutions betting against it. It&rsquo;s easy to become enamored with a David and Goliath story, especially when it offers you a way to make some money yourself. The GME short squeeze was no exception.



In May 2024, Roaring Kitty&rsquo;s return to social media ignited another meme stock rally. The day after Gill&rsquo;s return post began trending, GME stock <a href="https://www.theguardian.com/business/article/2024/may/13/gamestop-shares-roaring-kitty">skyrocketed 110%</a> in just a few hours while AMC rose 78%. Given how poorly both companies had performed during the year&rsquo;s first quarter, no one could ignore the fact that it had surged entirely on momentum generated by the single, cryptic X post.&nbsp;



Regardless of whether or not he meant to create such a movement, Gill is tied to the damage done in his wake. Most recently, that looks like the <a href="https://money.com/meme-stocks-gamestop-down-billions/#:~:text=In%20fact%2C%20the%20%2413.1%20billion,by%20stockholders%20%E2%80%94%20of%20%246.6%20billion">$13.1 billion in losses</a> reported by investors after GME stock came crashing down once the May rally had subsided. To illustrate further, that figure is &ldquo;nearly double GameStop&rsquo;s entire market capitalization.&rdquo;



This illustrates the easy money myth of meme stock investing. Easy money is only easy if you take the profits you&rsquo;ve made and walk away while you can. Many of those investors&rsquo; refusal to cash out when they had the opportunity to take profits proved extremely costly. The legions who were following Gill saw their GameStop investments as a means of leveling the playing field against Wall Street. &ldquo;If he&rsquo;s still in, I&rsquo;m not leaving,&rdquo;<a href="https://www.reddit.com/r/wallstreetbets/comments/msevli/if_hes_still_in_im_not_fucking_leaving/"> they cheered</a> in 2021.&nbsp;



This is not unlike what happened three years ago. Many Reddit threads feature stories from GameStop investors who <a href="https://www.reddit.com/r/TrueOffMyChest/comments/ld6jna/i_made_200k_from_gamestop_then_lost_it_all_and/">took significant losses</a> when they opted against selling. While this may not have been Gill&rsquo;s fault directly, he was well aware that these people were following his example. He rose to fame by documenting his bullish thesis on GME stock. But when he didn&rsquo;t highlight a clear exit strategy, some investors were left behind in the fantasy of harming Wall Street&rsquo;s short sellers. As GME stock tumbled after the 2021 short squeeze, The Washington Post reported that many traders <a href="https://www.washingtonpost.com/technology/2021/02/02/gamestop-stock-plunge-losers/">lost thousands of dollars</a> in as little as one trading day. The outlet recounted the woes of one college-aged r/WallStreetBets user:




&ldquo;Had he sold last week, he could have pocketed a typical American&rsquo;s annual salary. But as the stock has crumbled, he has turned to the forum for reassurance, posting a screenshot from his online-banking app showing the day&rsquo;s losses, totaling about $9,000.&rdquo;




The impact of the GameStop squeeze didn&rsquo;t end there. One anonymous trader recounted that they <a href="https://www.vice.com/en/article/bvnn3a/i-lost-dollar400000-almost-everything-i-had-on-a-single-robinhood-bet">lost almost $400,000</a> on an ill-fated trade buying Alibaba (NYSE:<a href="https://investorplace.com/stock-quotes/baba-stock-quote/">BABA</a>) call options. &ldquo;The big tipping point was GameStop. It was just ridiculous, and I got greedy and had FOMO,&rdquo; the individual wrote. In this, we see exactly why Gill should be considered akin to an influencer marketer. He enjoyed extremely <a href="https://www.marketwatch.com/story/reddit-trading-guru-keith-gill-looks-to-have-40-million-portfolio-after-his-gamestop-bet-11617301895">healthy profits</a> after cashing out of his original GameStop bet. In 2021, he shared a screenshot of his GameStop holdings, revealing &ldquo;$19 million in equity and $8.9 million in options&rdquo; as well as $11.9 million in cash. But, as noted, many of his followers took steep losses. Like the influencers who pushed harmful smoking or tanning products, Gill benefitted from limited oversight on his chosen platforms. He also catered to a vast audience with limited knowledge of the relevant industry &mdash; which was, in this case, investing. As I recently reported, many retail investors have <a href="https://investorplace.com/2024/06/does-i-like-the-stock-mean-i-should-buy-it-not-necessarily/#:~:text=As%20it%20turns%20out%2C%20buying,to%20make%20prudent%20financial%20decisions.">admitted to making bets</a> on meme stocks without truly understanding the company&rsquo;s fundamentals or growth prospects. Actual financial experts have made it clear that that strategy is highly risky and inadvisable.



Even if he didn&rsquo;t start out with the goal of igniting a movement among retail investors, the impact of Gill&rsquo;s actions cannot be overstated. He had been working in the financial industry for years, <a href="https://www.reuters.com/business/finance/massachusetts-fines-massmutual-475-mln-failing-supervise-roaring-kitty-other-2021-09-16/">holding a role</a> at MassMutual that centered around financial education. He even once held the designation of financial broker, although he <a href="https://www.reuters.com/article/world/roaring-kitty-no-longer-has-financial-broker-license-filing-idUSKCN2AT3O8/">no longer held</a> this license as of March 2021. As someone with an actual understanding of financial analysis market metrics, he made a fortune betting on GameStop. At one point, his position in the stock <a href="https://www.reuters.com/business/finance/who-is-keith-gill-online-influencer-sending-gamestop-shares-soaring-again-2024-06-07/#:~:text=But%20after%20drawing%20congressional%20and,X%2C%20and%20Reddit%20lay%20dormant.">reached a value</a> of $48 million. In June 2024, the rally that bore his name <a href="https://investorplace.com/2024/06/how-much-did-keith-gill-make-from-gamestop-gme-stock-this-weeks-staggering-figures/">almost took him</a> to billionaire status. But after achieving undeniable success, Gill stepped away and went silent as his admiring retail investors continued to make poor trading decisions &mdash; often quoting his <a href="https://investorplace.com/2024/06/does-i-like-the-stock-mean-i-should-buy-it-not-necessarily/">now iconic phrase</a>, &ldquo;I like the stock,&rdquo; to justify their reckless meme stock trades. This mantra remains a battle cry among retail investors to this day.&nbsp;



<h2>What Comes Next?</h2>



Gill started his journey as a modern day folk hero, helping a group of regular people mount a rebellion against a much larger foe. But when we step back and take an in-depth look at his entire trajectory, it&rsquo;s clear that like other market influencers, Gill has proven his type of power cannot go unchecked. Regulatory action is necessary to ensure that retail investors are more protected from misinformation &mdash; either predatory or unintentional &mdash; that <a href="https://apnews.com/article/investment-scams-crypto-fraud-social-media-f9e053a6c555c25c90e5f7330607d90c">continues to trend</a> on social media



This could come in the form of more regulatory crackdowns regarding who can post financial content to social media. If someone&rsquo;s number of followers reflects a high degree of influence over others, for example, they should face more scrutiny.&nbsp;



Additionally, social media platforms have a responsibility to police the investing content that is posted to them. Reddit (NYSE:<a href="https://investorplace.com/stock-quotes/rddt-stock-quote/">RDDT</a>) CEO Steve Huffman <a href="https://www.cnbc.com/2021/02/18/reddit-ceo-steve-huffman-defends-platforms-role-in-gamestop-surge.html">credits his own user base</a> with ensuring that the investing advice on the platform is valuable, saying it &ldquo;has to be accepted by many thousands of people before getting [high levels of] visibility.&rdquo; But that doesn&rsquo;t mean the advice is good. That&rsquo;s where the need for further oversight from these platforms comes in. When I spoke to personal finance and legal expert Erika Kullberg about spotting a credible financial market influencer, she <a href="https://investorplace.com/2023/12/social-media-star-erika-kullberg-shares-how-to-avoid-tiktok-scams-and-get-rich-the-right-way/">highlighted</a> the importance of avoiding making investments simply based on social media hearsay and groupthink mentality &mdash; exactly the trends that have led to ill-fated meme stock plays. Gill&rsquo;s resurgence has shown that it&rsquo;s time for regulators to focus more on weeding out the dangerous content that continues to trend across social media.&nbsp;



As I&rsquo;ve written before, it&rsquo;s unquestionably important for investors to conduct proper research and analysis before betting on a stock. That often means listening to experts. But identifying credible financial advice and smart insights can be difficult in today&rsquo;s unending flood of digital information. Scrutinizing influencers &mdash; and curbing the influence of snake oil salesmen &mdash; is necessary to protect investors from questionable-at-best advice.&nbsp;



On the date of publication, Samuel O&rsquo;Brient&nbsp;did not have (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;The opinions expressed in this article are those of the writer, subject to the&nbsp;InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.



On the date of publication, the responsible editor did not have (either directly or indirectly) any positions in the securities mentioned in this article.
<div>Samuel O&rsquo;Brient is a Reporter for InvestorPlace, where his work focuses primarily on financial markets, global economic trends, and public policy. O&rsquo;Brient writes a weekly column on recent political news that investors should be following.</div><h3>More From InvestorPlace</h3>
		<ul><li>
						<a href="https://investorplace.com/2024/04/legendary-investor-predicts-forget-a-i-this-technology-is-the-future/?cid=MKT794457&amp;eid=MKT802109">Legendary Investor Predicts: &ldquo;Forget AI... THIS Technology Is the Future&rdquo;</a>
					</li>
									</ul>The post <a href="https://investorplace.com/2024/07/toxic-influencer-marketing-how-roaring-kitty-brought-social-media-to-the-stock-market/">Toxic Influencer Marketing: How Roaring Kitty Brought Social Media to the Stock Market</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

Toxic Influencer Marketing: How Roaring Kitty Brought Social Media to the Stock Market

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
While investing in the best&nbsp;<a href="https://investorplace.com/stock-types/blue-chip-stocks/" target="_blank">blue chip stocks</a>&nbsp;to anchor your portfolio is always a good idea, I am always looking to diversify. A good way to do that is to invest in lesser-known but quality stocks under $10.



Lower-priced stocks have the advantage of being affordable so that you can buy more shares with less money. It&rsquo;s much cheaper to buy 100 shares of a $5 stock than to buy the same number of shares of an equity that cost $100 or more, right?



And these lower-priced stocks still can outperform the market. While the risks are higher, the rewards can be substantial, offering a tempting opportunity for investors willing to take on some level of risk.



I always suggest using the Portfolio Grader to help find the best stocks under $10. In fact, using a stock screening tool is essential in an exercise such as this.



Why? Because there are over&nbsp;<a href="https://money.usnews.com/investing/stocks/search?price-min=0&amp;price-max=10" target="_blank">2,100 stocks</a>&nbsp;on the market today are&nbsp;priced at $10 or less. No one can identify all of the best-performing stocks &ndash; or those that have the potential to perform &ndash; without using a screener like the Portfolio Grader to narrow the field.



The Portfolio Grader evaluates stocks based on various measurements, including earnings performance, growth, analyst sentiment, and momentum. The stocks under $10 on this list all score well enough to get at least a &ldquo;B&rdquo; rating in the Portfolio Grader tool.



<h2>Faraday Future Intelligent Electric (FFIE)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/07/ffie1600-1-300x169.png" alt="Person holding cellphone with logo of electric vehicle company Faraday Future Inc. (FFIE) on screen in front of business webpage. Focus on phone display. Unmodified photo."><div>Source: T. Schneider / Shutterstock.com</div></div>Faraday Future Intelligent Electric (NASDAQ:<a href="https://investorplace.com/stock-quotes/ffie-stock-quote/">FFIE</a>) designs, manufactures and sells electric vehicles and related products. The California company operates in the United States and China.



The company has gotten into some hot water with Nasdaq and its listing requirements because the stock is less than $1 &ndash; it has until Aug. 31 to get the stock price up &ndash; and for not always promptly filing financial reports. 



Those are red flags for sure, so already you know FFIE stock is a speculative play.



Although revenue in 2023 was only $800,000, it was the company&rsquo;s first year of revenue, as it&rsquo;s still very much a startup. Faraday delivered its first-ever vehicles in the third quarter of the year.



However, Faraday also has some interesting things in the works, as outlined in its <a href="https://investors.ff.com/news-releases/news-release-details/faraday-future-hosts-investor-community-day-and-highlights">July 20 Investor Day event</a>. Highlights included a look at the All-Ability aiHypercar, its user ecosystem, and the company&rsquo;s Auto Industry Bridge strategy.



The company raised the idea of launching a second, lower-priced automotive brand. &ldquo;A second brand could strike in the mass market with volume production, bringing everyone the &lsquo;AI car of the future&rsquo; and the &lsquo;AI car of the people&rsquo;. 



We are preparing to launch the Bridge and second brand strategies in a future event where we will share more details and our progress. We are hopeful to set sail together in the blue ocean market with potential partners,&rdquo;&nbsp;founder YT Jia said.



The company scheduled a July 31 shareholder vote that includes a proposal for a 1-for-40 reverse stock split to maintain its Nasdaq compliance. For now, FFIE stock gets a &ldquo;B&rdquo; rating in the Portfolio Grader.



<h2>SoundHound AI (SOUN)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/02/soun1600-1-300x169.png" alt="In this photo illustration, the SoundHound logo seen displayed on a smartphone. SOUN stock"><div>Source: rafapress / Shutterstock.com</div></div>SoundHound AI (NASDAQ:<a href="https://investorplace.com/stock-quotes/soun-stock-quote/">SOUN</a>) is an up-and-coming technology company that is using artificial intelligence and machine learning to create products that recognize and respond to verbal prompts.



SoundHound&rsquo;s platform is used by restaurants to <a href="https://investors.soundhound.com/news-releases/news-release-details/beef-o-bradys-rolls-out-soundhounds-advanced-voice-ai-ordering">automate food ordering</a>, reducing employee costs. Through its Dynamic Interaction platform, customers can verbally place complicated orders at a kiosk and pay without the intervention of an employee.



Another interesting use of SoundHound&rsquo;s platform is its employee training. Inexperienced workers can use SoundHound to ask questions about a process and SoundHound&rsquo;s AI will answer intelligently and walk the employee through the proper steps.



SoundHound also has a product that has a <a href="https://investors.soundhound.com/news-releases/news-release-details/soundhound-chat-ai-launches-peugeot-opel-and-vauxhall-vehicles">Chat AI product</a> &ndash; integrated with ChatGPT &ndash; that can manage navigation, advise about the weather or tell stories to bored children in the back seat.



I also like that SoundHound is shoring up its financial position. The company <a href="https://finance.yahoo.com/news/soundhound-ai-announces-early-debt-130000956.html">announced</a> that it reached an agreement with lenders to repay $100 million in outstanding debt. Once that&rsquo;s done, SoundHound will have zero debt and a cash balance of $180 million.



<a href="https://investors.soundhound.com/news-releases/news-release-details/soundhound-ai-reports-73-q1-revenue-growth-116-million-first">Revenue in the first quarter</a>&nbsp;was $11.6 million, up 73% from a year ago. And with a subscription and booking backlog of $682 million, up 80% from just a year ago, I think SoundHound will start turning a profit soon.



SOUN stock gets a &ldquo;B&rdquo; rating in the Portfolio Grader.



<h2>Kazia Therapeutics (KZIA)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/biotech1600-min-1-300x169.jpg" alt="an image of a microscope, NEXI stock"><div>Source: Shutterstock</div></div>Kazia Therapeutics (NASDAQ:<a href="https://investorplace.com/stock-quotes/kzia-stock-quote/">KZIA</a>) is an Australian oncology company that&rsquo;s developing therapies for brain, liver and renal cancers.



The company&rsquo;s lead program is paxalisib, which is currently in Phase 3 trials as a treatment for glioblastoma, which is an aggressive form of brain cancer. Paxalisib is also in Phase 2 trials as a treatment for childhood brain cancers, brain metastases, and non-Hodgkin&rsquo;s lymphoma.



The stock had massive gains this month when it announced <a href="https://investorplace.com/2024/07/why-is-kazia-therapeutics-kzia-stock-up-300-today/">positive results</a> for paxalisib&rsquo;s glioblastoma trial. The company reported that patients who received paxalisib had a median overall survival period of 14.77 months, compared to 13.84 months for patients who did not receive the drug.



In a prespecified secondary analysis, the survival period for paxalisib patients was 15.54 months compared to 11.89 months for patients who did not take the drug.



Investing in biotech and pharma stocks can be very challenging because there&rsquo;s a lot of research &ndash; and a lot of expense &ndash; before a drug can even go to regulators for possible approval. But Kazia&rsquo;s work appears to be promising, and that&rsquo;s driving the momentum of KZIA stock right now.



Kazia stock is up 40% over the last month, and gets a &ldquo;B&rdquo; rating in the Portfolio Grader.



<h2>Koss (KOSS)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/07/koss1600-300x169.png" alt="Koss Porta Pro Wireless headphones on a round case like on your head on a white background with reflection"><div>Source: PhotOleh / Shutterstock.com</div></div>Koss (NASDAQ:<a href="https://investorplace.com/stock-quotes/koss-stock-quote/">KOSS</a>) is a manufacturer of headphones and accessories such as earbuds, electrostatic headphones and audio products for health care and education.



The company has been around for more than 60 years and came to renewed prominence in recent years as a popular meme stock. The meme factor makes Koss a volatile stock &ndash; shares jumped <a href="https://investorplace.com/2024/07/koss-stock-alert-koss-surges-90-on-renewed-meme-interest/">90% earlier this month</a> on speculative short-seller interest.



Earnings for the company&rsquo;s fiscal third quarter (ending March 31) showed weakening performance. Sales of $2.6 million was down from $3.3 million in the same quarter a year ago. Profits of $841,000 were down from $1.3 million on a year-over-year basis.



Koss is purely a meme stock play and should be treated with a lot of caution. If the stock jumps again &ndash; and odds are that it will &ndash; it would be wise to take profits at the peak.



KOSS stock is up 171% this year and gets a &ldquo;B&rdquo; rating in the Portfolio Grader.



<h2>VivoPower International (VVPR)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/05/electric-vehicle-ev-stocks-charging-black-neon-1600-300x169.jpg" alt="Electric car backlit by cyan blue neon light next to EV charger with cyan blue light and lightning bolt symbol, all against a black background. ev stocks to buy"><div>Source: shutterstock.com/JLStock</div></div>VivoPower International (NASDAQ:<a href="https://investorplace.com/stock-quotes/vvpr-stock-quote/">VVPR</a>) is an international battery technology and electric vehicle services company headquartered in the U.K. The company also operates in Australia, Canada, the Netherlands, the Philippines, the UAE and the U.S.



The company is preparing for a <a href="https://finance.yahoo.com/news/vivopower-announces-binding-heads-agreement-151900389.html">merger of its subsidiary</a>, Tembo E-LV, with Cactus Acquisition Corp. 1 Limited (NASDAQ:<a href="https://investorplace.com/stock-quotes/cctsw-stock-quote/">CCTSW</a>), a special purpose acquisition company in preparation for taking Tembo public. Tembo, which is an electric vehicle services company in the Netherlands. 



Following the merger, the new Tembo Group expects to be publicly traded on the Nasdaq exchange. The new company would have a valuation of $838 million, with VivoPower shareholders receiving 20% of the company.



Thus, VVPR stock is an interesting bet on EVs with heavy European exposure. VivoPower stock is up 37% this year and gets a &ldquo;B&rdquo; rating in the Portfolio Grader.



<h2>Soligenix (SNGX)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/07/sngx1600-300x169.png" alt="Soligenix is a leading biopharmaceutical firm developing drugs for rare diseases. It's renowned for solutions in oncology biodefense fields. SNGX stock"><div>Source: MacroEcon / Shutterstock.com</div></div>Soligenix (NASDAQ:<a href="https://investorplace.com/stock-quotes/sngx-stock-quote/">SNGX</a>) is a U.S. biopharmaceutical company that is working on a variety of products. It currently has several drug candidates in advanced stages of trials, including a treatment for early-stage cutaneous T-cell lymphoma in Phase 3 testing.



Soligenix has other Phase 2 tests underway for psoriasis, oral mucositis, and pediatric Crohn&rsquo;s disease.



But it&rsquo;s the early-stage cutaneous T-cell lymphoma trial that has investors excited. The stock jumped nearly 300% earlier this month &ndash; before giving some of those gains back &ndash; following a study testing HyBryte as a treatment). 



Six patients are enrolled in the yearlong study, with four of them completing at least 12 weeks of treatment. Of those, Soligenix says three patients already achieved treatment success, which is a 50% improvement in their cumulative mCAILS score compared to baseline. The fourth patient also saw improvement, the company said.



While this is a positive development, it&rsquo;s important to recognize that HyBryte is still a long way from making it to regulatory approval. But as a speculative play, SNGX stock has potential.



The stock is up 48% in the last month and has a &ldquo;B&rdquo; rating in the Portfolio Grader.



<h2>First Foundation (FFWM)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/05/piggy-bank-grad-300x169.jpg" alt="A pink piggy bank wearing a grad cap sits on a wooden table in front of a chalkboard."><div>Source: Shutterstock</div></div>First Foundation (NYSE:<a href="https://investorplace.com/stock-quotes/ffwm-stock-quote/">FFWM</a>) is a regional bank that&rsquo;s headquartered in Dallas, but has offices in California, Florida, Hawaii, Nevada and Texas.



The bank has $13.6 billion in assets as well as $10.1 billion of loans, deposits of $10.6 billion and stockholder equity of $929 million.



It also just completed an <a href="https://investor.ff-inc.com/news/news-details/2024/First-Foundation-Inc.-Closes-228-Million-Equity-Investment-Anchored-by-Fortress-Investment-Group-Canyon-Partners-Strategic-Value-Bank-Partners-and-North-Reef-Capital/default.aspx">investment deal</a> with several investment firms, including Fortress Investment Group, Canyon Partners, Strategic Value Bank Partners and North Reef Capital that injected $228 million into the company. First Foundation issued 11.3 million shares of stock valued at $4.10 each as part of the transaction.



The company is reporting second-quarter earnings on July 25, with <a href="https://investorplace.com/2024/07/why-is-first-foundation-ffwm-stock-down-27-today/">analysts expecting</a> flat adjusted earnings per share as well as revenue of $54.48 million. A year ago in the second quarter, FFWM saw $61.1 million in revenue and earnings of 7 cents per share.



Regional banking stocks have been challenging investments for the last few quarters, but FFWM appears to be on an upswing. The stock is up 25% in the last month and gets a &ldquo;B&rdquo; rating in the Portfolio Grader.



On the date of publication, neither Louis&nbsp;Navellier nor the InvestorPlace Research Staff member primarily responsible for this article held (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com <a href="https://url.us.m.mimecastprotect.com/s/AAadCPNlWWs3yKYns0yRM6?domain=investorplace.com/">Publishing Guidelines</a>.



On the date of publication, the responsible editor did not have (either directly or indirectly) and positions in the securities mentioned in this article.
<h3>More From InvestorPlace</h3>
		<ul><li>
						<a href="https://investorplace.com/2024/04/legendary-investor-predicts-forget-a-i-this-technology-is-the-future/?cid=MKT794457&amp;eid=MKT802109">Legendary Investor Predicts: &ldquo;Forget AI... THIS Technology Is the Future&rdquo;</a>
					</li>
									</ul>
The post <a href="https://investorplace.com/market360/2024/07/7-top-stocks-under-10-july-2024-edition/">7 Top Stocks Under $10: July 2024 Edition</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

7 Top Stocks Under $10: July 2024 Edition

Koss GAAP EPS of -$0.01, revenue of $2.89M

Get Our Top Trade Ideas Delivered Daily - 65% Off Now

Get Our Top Trade Ideas Delivered Daily - 65% Off Now

Comments

Koss

Koss (KOSS) Forecast

Koss (NASDAQ:KOSS) Stock, Quote.Headers.trade-ideas