ContextLogic, Cleveland
Thousands of traders just like you are using Benzinga Options to learn the formula that Nic Chahine uses to earn a full-time living. Click here to see how you can learn while you earn.
Shares of so-called stonks, or stocks popular with retail investors, are seeing mixed trading activity in the early pre-market session on Thursday.
ContextLogic Inc. (NASDAQ: WISH) has emerged as the most popular stock on WallStreetBets. Its shares are up 3.3% in early pre-market hours on Thursday as retail traders see the e-commerce platform company as the target of a potential short squeeze. The company’s shares closed 8.9% lower on Wednesday at $10.60.
Cleveland-Cliffs Inc. (NYSE: CLF) shares are up about 0.6% in the pre-market hours after closing 14.6% higher on Wednesday at $23.22 on higher iron ore prices and as the steelmaker held a ribbon-cutting ceremony at a direct reduction plant in Toledo, Ohio on Wednesday.
Workhorse Group Inc. (NASDAQ: WKHS) is down 2.7% in the pre-market hours after closing almost 8.5% higher on Wednesday at $16.90. The electric vehicle maker is seeing high interest from retail investors as it has a high percentage of shares outstanding held short.
AMC Entertainment Holdings Inc. (NYSE: AMC) shares are down 6.6% in pre-market activity. The movie theatre chain’s shares closed almost 10.4% lower on Wednesday at $493.34 after GameStop Corp. (NYSE: GME) disclosed that the U.S. Securities and Exchange Commission is investigating trading activity in the company’s securities as well as “the securities of other companies.”
New Traders Swear By Benzinga Options
★★★★★
'9 out of 10 trades are winners!' - Cameron W. Houston, TX
We sift through this volatile market for consistent trades so you don't have to. Get Benzinga Options: Starter Edition to follow Benzinga's high-conviction options trades.
Tilray Inc. (NASDAQ: TLRY) shares are down 1.5% in the pre-market hours. The shares closed almost 6% higher on Wednesday at $21.43 after the marijuana company on Tuesday announced the launch of a new medical brand, Symbios, as well as a new line of topical treatments under its Aphria brand.
GameStop Corp. (NYSE: GME) shares are down 7.8% in the pre-market hours after the company reported better-than-expected earnings for the first quarter but also revealed the SEC probe. The shares closed about 0.9% higher at $302.56 on Wednesday.
Clover Health Investments Corp. (NASDAQ: CLOV) shares are trading higher by 9.2% in the pre-market hours. The medicare insurance technology company’s shares closed 23.6% lower at $16.92. S3 Partners analyst Ihor Dusaniwsky said Tuesday he estimates Clover’s short percent of float at 43.5%, making it one of the most heavily shorted stocks in the market.
Clean Energy Fuels Corp. (NASDAQ: CLNE) shares are down 1.9% in the pre-market activity. The renewable natural gas company’s shares surged 31.5% higher to close at $13.02 on Wednesday.
Where to put $100 right now
Benzinga’s Breakout trader is already up over 400% this year… and that was before he uncovered the next Netflix…
This former buy-and-hold investor learned to buy breakout stocks... so he quit his job and began trading full time.
And for the first time ever, Benzinga is inviting you to trade along with him:
How I've Made 400% Returns So Far in 2021
'Covid Stocks' is a phrase that does no justice to how well these trades have treated me this year. Trading against two giant sell-offs and unprecedented market volatility takes more than an eye for good stay-at-home picks: It takes hard work and deep technical knowledge.
And that's exactly what I've brought to the table for my subscribers this year, picking winner after winner leading to huge breakout gains. Plus I've maintained such a risk-off stop loss strategy, you could say it's impossible to regret following my trademark, Alpha Factor system.
That's why today I'm opening Benzinga Breakout to the public -- to share the wealth, so to speak. And show new traders and investors just how easy it can be to beat this crazy market against all odds!