Tag: Reddit Stocks (Page 1 of 2)

BREAKING: Expert Says a MULN Short Squeeze is Highly Probable

Stock Market News: A MULN short squeeze could be underway soon according to experts.

Experts say positive news in the coming days to weeks is all Mullen Automotive (MULN) stock needs to trigger a short squeeze.

“Mullen Automotive is set up for a short squeeze that may not begin if the company cannot issue some favorable news in the next few weeks,” said MarketBeat analysts.

Experts are saying Mullen Automotive’s high trading volume and current price action all point to a short squeeze.

The company was able to finish 2022 strong with news after partnering with Loop Global to deploy EV charging solutions, including a public DC fast charging network and residential offerings.

Mullen Automotive is also preparing for 3 commercial product launches in 2023 after signing with their first U.S dealer partner, RMA Group.

In early December, the company announced Former General Motors Government Sales Leader Ronald Dixon will be leading Mullen’s EV charge for U.S government fleet sales.

Mullen Automotive has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Monday, February 13th, 2023 based off prior year’s report dates, according to MarketBeat.

Here is the latest MULN stock news.

MULN Short Squeeze Price Prediction

CNN Money is predicting MULN stock to make gains upwards of +7,000% this year from its $0.32 previous major level.

Stock analysts are giving Mullen Automotive a low of $23.23, a mid of $23.46, and a high of $24.15 per share.

MULN Stock Price Forecast 2023 - CNN Money.
MULN Stock Price Forecast 2023 – CNN Money.

The current analyst consensus is a strong buy.

Now more analysts are saying all Mullen Automotive needs to trigger a short squeeze is favorable news in its next earnings report.

Entrepreneur says a flop could cause shares to slide, but retail investors are bullish on the automotive company.

In the past week, call options have dominated put options on Webull.

Today, we’re seeing MULN stock price consolidate as we get closer to earnings.

Where the company stock price goes from here will depend highly on news catalysts.

If the company is able to demonstrate results and progress going into the new year, institutions might favor buying in heavily, squeezing short sellers in the process.

MULN Short Interest Today

MULN’s short interest sits between 10%-44% according to a few data analytic websites.

Much of the bearish action and suppression in MULN stock today is being done by dark pools and off exchange action, per MarketBeat.

All the company needs to trigger a short squeeze is to give these bears a reason to run.

Will MULN Stock Go Up Soon?

Analysts say Mullen Automotive stock has formed a clear bottom in the $0.25-$0.36 that may easily turn into a reversal with good news from the company.

A bounce here could send the price to retest $0.60 in a few days or less.

Bullish continuation above $0.60 could take MULN stock to the $1 level.

But it’s all going to depend on the company’s annual report and earnings according to Entrepreneur.

Experts are still giving MULN stock a year-term projection of $23 per share.

Today, out of 173 financial institutions investing in Mullen Automotive, only 1 is short with 172 being long, per Fintel.

In December alone, 18 financial institutions purchased shares of Mullen Automotive.

institutional investors
MULN stock institutional investors.

Two of the biggest financial institutions that have recently bulked up on MULN stock have been Vanguard and BlackRock.

Other major institutional buyers include Fidelity, the Russel 2000 index, Nationwide Mutal Funds, Schwab, Morningstar, and Blackstone.

What are your thoughts on Mullen Automotive Stock?

Are you holding for a MULN short squeeze or is Mullen Automotive stock merely on your stock watchlist?

Leave a comment down below.

For more MULN stock news and updates, join the newsletter to receive weekly market news and notifications straight to your inbox.

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Occupy the SEC 2023 is Here: What’s Happening?

Occupy SEC 2023: Latest market news - Franknez.com.
Occupy SEC 2023: Latest market news – Franknez.com.

Retail investors are occupying the SEC headquarters in Washington D.C. on January 27th and January 28th from 10am-4pm.

The 28th marks the two-year anniversary of the ‘meme stock’ frenzy of 2021 when Robinhood and other brokerage firms prevented investors from buying more shares of GameStop, AMC, and other heavily shorted stock in order to prevent firms from collapsing.

Regulators interfered with the people’s money by suppressing shares from rising.

Majority of investors within these communities never left, but rather hoped for justice and change in the financial system.

Retail investors have raised the issues of dark pools, OTC trading, and a number of conflicts of interest that pin regular investors to the ground.

Discussions surfaced in 2022 of protesting several SEC locations in the U.S. but never came to fruition.

Some retail investors argued against these actions while many more said they are necessary to get their voices heard.

Here’s what’s happening in the retail community today.

What is Occupy SEC 2023?

protest
Market News: What is Occupy SEC 2023?

The objective of occupying the SEC is to demand changes in the financial markets and to protect retail investors and companies from naked short selling and short selling misconduct.

The nationwide protests will occur on January 27th and January 28th between 10am and 4PM at 12 SEC locations, including the SEC headquarters in Washington D.C.

Outrage filled the retail community when SEC Chairman Gary Gensler confirmed 90%-95% of retail orders are processed in off-exchange platforms where the true demand for retail orders is not being reflected on the lit New York Stock Exchange.

The Wall Street ‘watch dogs’ turned a blind eye to the Madoff events that occurred during the last decade and now they’ve turned a blind eye to naked short selling and several conflicts of interest happening today within the media, hedge funds, and even regulators.

Retail investors are saying ‘we know’ what’s happening and ‘we need you to take care of it now’.

Occupy the SEC 2023 are meant to be peaceful protests.

Communities are tired of their investments in their favorite companies plummeting all because they’ve become targets of aggressive short sellers and manipulative tactics from Wall Street.

Now they’re taking the word to the streets despite gaining much attention on social media.

The lack of market transparency since the events that occurred in January of 2021 have led to these protests.

Occupy SEC 2023 LIVE

You can watch Occupy the SEC 2023 LIVE here.

Retail investors chant “do your job” when referring to the inaction from the SEC.

What is Stopping the SEC from Taking Action?

SEC Chairman Gary Gensler told ‘We The Investors’ he understands retail’s frustrations.

But retail investors aren’t convinced.

The SEC Chairman says that short selling is a challenging area where the SEC is still working and pursuing focus on.

One of the biggest challenges according to Chairman Gensler is that Wall Street powers will send stacks of reports highlighting rebuttals on proposals aimed towards protecting retail investors.

This is primarily because certain proposals aimed to protect retail investors conflict with Wall Street money.

And because these firms are market participants, like retail investors, these documents must be legally reviewed.

The challenge only grows when Wall Street firms open lawsuits against the SEC when certain proposals become a direct hinderance to the way these companies perform.

Regulators are in a massive bind now, facing scrutiny from both Wall Street and the average investor.

FINRA, DTCC Under Retail Scrutiny

FINRA MMTLP

FINRA has received backlash after freezing the trading of MMTLP (Meta Materials) prior to its spinoff.

The self-regulated organization is also responsible for outsourcing ‘best execution’ with the best execution rule, according to SEC Chairman Gary Gensler.

This means FINRA has the power to execute orders in off-exchange and dark markets for ‘best execution’ and ‘price discovery’.

But Gary Gensler says that this rule is too important for it to not be in the SEC’s court.

The organization contains records of every trade made available intraday, including that of naked short sales.

FINRA requires firms to be able to meet their short sale requirements as well as have a process to close out fails to deliver within their required timeframes.

However, they’re the open window that allows these manipulative strategies to occur in the market.

FTDS (fails-to-deliver) are mounting up every month according to SEC data, and FINRA is unable to get firms to close out these obligations.

FINRA’s justification towards FTDs say that firms face challenges related to miscalculations.

But Chairman Gensler says this is too important for it to not be handled directly by he and his team.

DTCC Conflicts of Interest

David Inggs Citadel DTCC

David Inggs is Global Head of Operations at Citadel and is responsible for all products across asset servicing, billing, cash management, clearing, and has a board seat at the DTCC.

The conflict of interest has raised big concerns amongst the retail investor community online as Citadel has been a leading and one of the biggest short sellers in the stock market.

On January 28th, 2021, The DTCC waived $9.7 billion of collateral deposit, limiting institutional losses and limiting retail profits during the ‘meme stock’ frenzy.

The organization allowed several naked shares to flood the market prior to the massive jump in share prices only to help financial institutions in the end.

SEC Chairman Gary Gensler has said one proposal they’re looking at this year involves tackling conflicts of interest in the financial markets.

How can investors support the cause?

Retail investors

Retail investors have been supporting the cause for years now by distributing news and information that sheds light on real issues.

Franknez.com is a media blog that supports retail investors and protects the retail community from mainstream media propaganda.

You can raise awareness in your community by sharing this article, and others, or by using hashtag #OccupySEC2023 on social media.

Advisory: This article is intended for educational and informational purposes only. This article is not advocating violence of any kind during these peaceful rallies.

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AMC Stock is Up +40% This Year: What it Means for Shorts

Daily Market News: AMC stock news, updates + more.
Daily Market News: AMC stock news, updates + more.

AMC Entertainment (NYSE:AMC) stock is up more than +40% this year-to-date.

New developments this year may send share prices rising throughout 2023.

Streaming giants have figured out that the theatrical experience is key to their long-term success.

AMC Entertainment CEO Adam Aron praised Disney for scheduling Stephen King’s ‘The Boogeyman’ to be released theatrically on June 2nd, 2023.

The film was originally planned to be released on the streaming service Hulu.

“Theatres beat streamers! We salute producer 21Laps and our friends at Disney for this decision. The Boogeyman, a Stephen King adaption, was made for Hulu. But it tested so well, Disney is releasing it theatrically instead. Thank you Bob Iger, Alan Bergman, Justin, Tony, and Ken,” said Adam Aron on Twitter.

On the other end, CNBC says Netflix left $200 million on the table for not leaving Daniel Craig’s ‘Glass Onion: A Knives Out Mystery’ in theatres longer.

So, what does this say about the Wall Street short thesis that movie theatres are dead?

Here’s the latest AMC Entertainment stock market news.

Online Streaming Might Not Be What Wall Street Hoped For

AMC online streaming news - Netflix falls short.
AMC online streaming news – Netflix falls short.

In October, AMC announced its first ever Netflix showing in 200 theatres.

Glass Onion: A Knives Out Mystery starring Daniel Craig was released in the U.S. as well as the UK, Ireland, Italy, Germany, and Spain.

CEO Adam Aron stated on Twitter that success here could lead to more Netflix (NASDAQ:NFLX) movies at AMC.

The film earned $15 million at the box office but CNBC says the showing could have made $200 million if it had been kept in theatres longer.

The sequel to Johnson’s popular “Knives Out” opened in nearly 700 theaters, the largest release of any Netflix original film to date, 200 of which were AMC Entertainment theatres.

Unfortunately for the online streaming platform, hundreds of millions of dollars were left on the table.

Box office analysts say Glass Onion could have earned much higher earnings if Netflix had opted for a traditional wide release of 2,000 to 4,000 theaters.

What Are Experts Saying?

CNBC stated, “Netflix has backtracked on its previous policies, including by introducing an ad-supported subscription option, leading many to wonder whether the company should rethink its resistance to the traditional Hollywood movie release model as it looks for new ways to grow revenue.

Related: AMC’s Cost to Borrow Has Hedge Funds Burning $20 Million Per Month

What Does This Mean for Short Sellers?

Daily Market News by FrankNez - Will AMC go up again?
Daily Market News by FrankNez – Will AMC go up again?

For short sellers betting against the movie theatre company, it could mean severe losses if share prices were to skyrocket again.

AMC Entertainment stock is still heavily shorted, currently weighing in at 21.92% short interest (updated daily).

All it takes is for a few short sellers to begin closing their positions for other short sellers to follow suit.

This chain reaction could trigger an AMC short squeeze in 2023.

Amazon insiders told Bloomberg the retail giant plans to invest billions in the movie theatre industry, aiming to release 12-15 movies annually for theatrical release.

That number of releases puts Amazon on par with major studios such as Paramount Pictures.

CNBC stated that ‘while a $1 billion annual investment for film development is on the lower end of what major Hollywood studios spend each year, it’s a positive sign for the movie theater business.”

Related: Will AMC Stock Keep Rising this Week? (Updates)

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Franknez.com is the media blog that keeps retail investors informed.

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MULN Stock Price Is Predicted to Soar +7,000% This Year

MULN Stock Price is Predicted to Soar +7,000%
Stocks to Watch: MULN stock prediction & News | How high can MULN stock go?

Experts are predicting Mullen Automotive’s (MULN) stock price to soar more than +7,000% by the end of the year.

The company recently had a series of successes leading to the new year.

And analysts are saying MULN stock is a big buy today.

Let’s dive deeper into what experts are telling us as well as what the retail community is saying.

If you’re new to the blog, welcome.

I publish market news and updates for the retail community so that they may navigate the stock market with ease.

If you find this article helpful or valuable in any way, shape, or form, be sure to share it with your community.

Here’s the latest MULN stock news.

What Are Experts Saying About MULN Stock for 2023?

In a recent case study, we see that analysts are predicting MULN stock to surge more than +7,000% by the end of the year.

This means experts are predicting MULN’s share price to rise to approximately $23 per share from $0.32 per share.

MULN Stock Price Forecast.
MULN Price Prediction | MULN Stock Price Forecast – source.

The forecast is ambitious without a doubt, but the company shows great signs of scalable growth both in the near- and long-term future.

Mullen Automotive recently partnered with Loop Global to deploy EV charging solutions, including a public DC fast charging network and residential offerings.

The company is also preparing for 3 commercial product launches in 2023 after signing with their first U.S dealer partner, RMA Group.

In early December, the company also announced Former General Motors Government Sales Leader Ronald Dixon will be leading Mullen’s EV charge for U.S government fleet sales.

Mullen Automotive is expected to grow substantially in 2023.

Investors Remain Bullish on MULN Stocktwits Forum

Retail investors on the MULN Stocktwits forum and other social media platforms are preparing to collect massive gains as technicals align with upcoming bullish momentum.

The stock closed at $0.33 on Wednesday (1/11) after surging +4.35% from its previous trading day.

Mullen Automotive had a market capitalization of $437.7 million at the end of December 2022 but has increased its market cap to $524.9 million in only the second trading day of 2023.

If the company’s market cap continues to grow this rapidly then retail investors will begin to see exponential growth in their investment.

Call options in MULN stock have also overwhelmingly taken over the number of put options contracts.

MULN Stock Call Options
MULN Stock Call Options – MULN Stocktwits Forum – Franknez.com.

On Wednesday there were a total of 59.91K call options versus 1.85K put options.

Significantly more investors are betting on MULN shares to rise than they’re betting on the stock to decline.

But that’s not all, the market sentiment only gets stronger for bulls going long on Mullen Automotive.

Financial institutions have also begun to bulk up on their long positions.

Let’s take a look at a few names you might be familiar with.

Related: Is MULN Stock Price All-Time High on Its Way?

Which Financial Institutions Are Buying MULN Stock?

Two of the biggest financial institutions that have recently bulked up on MULN stock have been Vanguard and BlackRock.

Best of all, out of 173 financial institutions investing in Mullen Automotive, only 1 is short with 172 being long, per Fintel.

In December alone, 18 financial institutions purchased shares of Mullen Automotive.

MULN stock institutional buyers | Who is buying MULN stock?
MULN stock institutional buyers | Who is buying MULN stock?

Other major institutional buyers include Fidelity, the Russel 2000 index, Nationwide Mutal Funds, Schwab, Morningstar, and Blackstone.

Similarly, we saw financial institutions beginning to go long on AMC Entertainment stock in 2021 before it shot up more than +3,000%.

Although the company stock was still being shorted, the massive buying pressure from both retail investors and institutions was powerful enough to drive shares sky high.

Are you holding shares of Mullen Automotive?

MULN stock prediction, news, updates, + more on Franknez.com.

Share your thoughts below.

Have you been a longtime shareholder, or have you recently come across this stock ticker?

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What is Happening with MULN Stock Right Now?

Stock Market News: What's happening with MULN stock?
Stock Market News: What’s happening with MULN stock? Will MULN shares keep rising?

Mullen Automotive (NASDAQ:MULN) stock shares rose +2.27% on Monday after a turbulent past few days last week.

The automotive stock surged to $0.44 before in January before retesting $0.28 and closing at $0.30 the start of the new week.

Retail investors have been buying the stock after analysts gave MULN stock a price target of $24.15.

The current analyst consensus is a strong buy, but shares fell after Mullen Automotive submitted its Form 10-K on Friday the 13th, revealing a number of risk factors.

Will Mullen Automotive stock recover?

Here’s what’s happening with MULN stock right now.

MULN Call Options Continue to Dominate Put Options

Even as MULN shares make gains and slide in January, we see that MULN call options continue to dominate the number of put options in the market.

On Monday, there were 96.41K calls total and 1.64K puts total.

This demonstrates there are more bullish investors than there are bearish investors.

What's happening with MULN stock? MULN stock Webull - Market News.
What’s happening with MULN stock? MULN stock Webull – Market News.

Many institutions are going long on Mullen Automotive stock.

Out of 173 financial institutions investing in Mullen Automotive, only 1 is short with 172 being long, per Fintel.

Still, the company is a target for short seller, per Ortex figures (updated daily).

Shareholders even suggest naked shorting is fueling lower share prices and preventing shares from rising based on retail and institutional demand.

Fintel is also reporting a large percentage of MULN trades going to dark pools.

Approximately 46.16% of MULN trading is happening outside the lit exchange which equates to roughly 85.8 million shares per day.

Dark pool trading as unfortunate as it is, is a tool institutions have been using to gain an advantage over retail investors.

However, massive buying pressure in the end has always proven to play in retail’s favor.

Related: Expert Says a MULN Short Squeeze is Highly Probable

Market News Published Daily

MULN stock news, Market News, BusinessNews by Frank Nez.
MULN stock news, Market News, BusinessNews by Frank Nez.

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GameStop Says 30% of Shareholders Have Registered Their Shares

Market News: At least 30% of GameStop shareholders have registered their shares.
Market News: At least 30% of GameStop shareholders have registered their shares.

GameStop says at least 30% of its shareholders have registered their shares with the Direct Registration System (DRS).

According to the filing, approximately 30% of GME’s float is registered equating, to 71.3 million shares.

The efforts from retail investors come as a means to prevent manipulative short seller attacks.

GME stock is trading at $21.66 on Monday with trading volume surpassing the company’s average volume of 5.1 million.

Shares of GameStop (NYSE:GME) are up +26% this year-to-date, a great start to the new year.

On Monday, GameStop shares have risen more than 11% intraday where shares rose to nearly $22.50.

GME’s short interest is currently sitting at 23.55% with approximately 95 million shares out on loan.

This means that despite DRS, the game retailer continues to be heavily shorted.

GameStop Ownership Structure

How much of GameStop’s float is owned by retail investors?

Nearly 70% of the float is owned by individual shareholders according to Vickers Stock Research.

GameStop Ownership Structure - Franknez.com.
GameStop Ownership Structure – Franknez.com.

This means nearly 40% of retail investors have not registered their GameStop shares through DRS.

Yet it’s very possible the percentage of GameStop shareholders who have registered their shares has grown in the past months.

GameStop’s Chair Ryan Cohen himself owns more than 12% of GME shares.

These are held through Ryan’s holding company RC Ventures, which Vickers considers to be Institutional ownership (12% on graph).

Is DRS working out for GameStop shareholders?

It very well could be, considering GME shares are up nearly +26% this year despite having a high short interest rate.

AMC Entertainment (NYSE:AMC) stock on the other hand is up +44% this year despite DRS being significantly less popular within shareholders.

The movie theatre stock is also heavily shorted at 21.96%.

And according to AMC’s CEO, roughly 90% of shareholders own the float.

Where is GameStop headed in 2023?

GameStop 2023
30% of GameStop Shareholders have registered their shares according to GameStop.

GME stock has the potential to have a big year in 2023.

GameStop continues to be a popular company amongst retail investors, primarily due to the massive community of shareholders who are looking to squeeze short sellers again.

During the spark of the ‘meme stock’ frenzy, GameStop shares rose to $483 per share, a superior all-time high.

But shareholders are not convinced the stock is done running.

2023 opens up new possibilities for GameStop as e-commerce, NFTs, and Web 3.0 gaming continues to grow.

While the company may benefit from arming itself with more short-term capital, GameStop enters the new year with positive cash flow, an incredible start for the company as many continue to struggle.

Also Read: Occupy the SEC 2023 is Here: What’s Happening?

Market News Published Daily

Market News, Business News, Updates + more by Frank Nez.
Market News, Business News, Updates + more by Frank Nez.

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Franknez.com is the media blog that keeps retail investors informed.

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BIOR Short Interest Rises to More Than 243%

BIOR stock news
FrankNez News: BIOR short interest rises | BIOR stock news today.

Biora Therapeutics (NASDAQ:BIOR) short interest has risen to more than 243%.

More than double the company’s float is being shorted by big financial institutions.

BIOR stock is up more than +71% this year-to-date but surged as much as +182% during the first trading week of January.

Formerly known as ‘Progenity’ (PROG), Biora Therapeutics stock is currently trading at $4.12.

The company may be heavily shorted, but there’s big opportunity for retail investors if the company’s clinical trials go well.

And so far, the company seems to be on track.

A big announcement such as the approval of their therapeutics program could trigger short sellers to run for the hills, initiating a short squeeze in Biora Therapeutics.

Will BIOR stock go up to its hundreds of dollars per share IPO levels again?

Here’s the latest BIOR stock news.

BIOR Stock News Today

BIORA Therapeutics
BIOR Stock Short Interest + news today.

Biora Therapeutics is on track to move into clinic with its lead targeted therapeutics program.

For Biora’s Targeted Therapeutics Platform, which is focused on treatment of ulcerative colitis (UC), the company remains on track for an IND filing for its PGN-600 program followed by clinical trial initiation.

During Q4 2022, Biora continued its engagement with the FDA with a pre-IND supplemental Type C filing requesting agency feedback on its proposed PGN-600 clinical development plans, including the company’s proposed approach to toxicity studies and other aspects of its clinical plan.

“The recent Type C response from the FDA further strengthens our confidence in our plans to enter the clinic during the first half of 2023 with IND filing followed by trial initiation in Q2, and data readouts anticipated in Q3,” said Adi Mohanty, Chief Executive Officer of Biora Therapeutics.

For Biora’s Systemic Therapeutics program, the company has been transitioning from early concept to a clinical-ready device.

With several of the key device upgrades implemented, the company expects to report data from preclinical studies on its next-generation device during Q1 and Q2 of 2023.

If clinical trials prove to be a success, Biora Therapeutics’ platform will be approved for use.

Source(s): Yahoo Finance

Will BIOR Stock Go to $100 Per Share?

BIOR Stock Price Today - BIOR Short Interest news and updates.
BIOR Stock Price Today – BIOR Short Interest news and updates.

Analysts are giving BIOR stock a high stock price prediction of $100 in the next 12-months, that’s a +2,045% gain.

Price targets for BIOR look rather promising, at least according to the experts.

CNN is showing the biotech company has a medium stock forecast of $82.50 (+1,670%) and a low of $65 (+1,294%).

So, is BIOR stock a buy?

Based on expert price targets for 2023, Biora Therapeutics stock could prove to be a ‘buy’ for value long term investors.

You can also keep an eye on Biora Therapeutic’s short interest updated daily here.

Read the latest Market News

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Top 7 Stocks Outperforming the Market Already This Year

Stock Market 2023: Top stocks outperforming the SPY.
Stock Market 2023: Top stocks outperforming the SPY.

The SPY is currently up +2.05% in only the first two and a half weeks of the new trading year.

Shares of the S&P 500 index are trading at $388.64 at the time of this publication.

Last year, the index came down more than -10% bringing many companies down -50% to more than -80% on the year.

Today, stocks seem to be doing much better than experts and analysts anticipated.

Despite coming from a bear market, and all signs signaling an upcoming recession, early investors in some stocks are already killing it.

Here are 7 stocks currently outperforming the market already this year.

  1. Biora Therapeutics (NASDAQ:BIOR) +77.45%
  2. AMC Entertainment (NYSE:AMC) +40.46%
  3. AMC Preferred Equity (NYSE:APE) +31.67%
  4. Peloton Interactive (NASDAQ:PTON) +28.57%
  5. Tesla Inc. (NASDAQ:TSLA) +17.64%
  6. Hycroft Mining Holding (NASDAQ:HYMC) +15.98%
  7. GameStop Corp. (NYSE:GME) +10.70%

#1. Biora Therapeutics (BIOR) Stock

Stock Market 2023: Top stocks outperforming the SPY.

Biora Therapeutics (NASDAQ:BIOR), formerly known as Progenity (PROG) stock was up more than +182% in the first week of the new year.

Today, BIOR stock is up more than +77% this year.

The stock surged from $2 per share and peaked around $7.36 last in only the second week of the new year.

BIOR is extremely shorted, we’re talking about the company being one of the most shorted stocks in the market at the moment.

Ortex is reporting the company to have a whopping 243.95% short interest.

Why did BIOR stock surge so much this year already?

Biora Therapeutics is on track to move into clinic with its lead targeted therapeutics program.

If approved, it will be massive for the company and for shareholders alike.

Read More BIOR Stock News Here

#2. AMC Entertainment (AMC) Stock

Stock Market 2023: Top stocks outperforming the SPY.

AMC Entertainment (NYSE:AMC) stock continues to be one of the biggest ‘meme stocks’ even after its massive debut in 2021 when shares rose from $2.50 to $72 later that year.

The stock, at the publication of this article, is trading at $5.52, the same share price it was two years ago before gaining serious traction.

AMC Entertainment continues to improve its fundamentals and remains the #1 leader in the movie theatre industry.

While online streaming has grown to become quite popular, especially during the pandemic, experts are beginning to weigh in on AMC’s side in 2023.

CNBC stated, “Netflix has backtracked on its previous policies, including by introducing an ad-supported subscription option, leading many to wonder whether the company should rethink its resistance to the traditional Hollywood movie release model as it looks for new ways to grow revenue.

Even Amazon associates who asked not to be identified, per Bloomberg News, are stating the company plans to invest $1 billion per year in the movie theatre industry.

The world’s largest online retailer aims to make between 12 and 15 movies annually that will get a theatrical release.

“While a $1 billion annual investment for film development is on the lower end of what major Hollywood studios spend each year, it’s a positive sign for the movie theater business, which has struggled in the wake of the pandemic”, said CNBC.

Read Breaking AMC Stock News Here

#3. AMC Preferred Equity (APE)

AMC Preferred Equity (NYSE:APE) is currently up +31.67% this year-to-date.

The equity made its debut in August of 2022 as a dividend for AMC shareholders.

AMC Entertainment has been able to capitalize on the equity by using funds to pay off debt and raise capital for the company.

Shares have plummeted since its inception; however, we’re seeing APE shares outperform the market too.

Plans to merge APE shares with AMC common stock will soon be up for shareholders to vote on.

Also Read: AMC Warns Short Sellers of Possible APE Short Squeeze

#4. Peloton (PTON) Stock

Peloton Interactive, Inc. (NASDAQ:PTON) is an American exercise equipment and media company based in New York City.

The company’s products are stationary bicycles, treadmills, indoor rowers equipped with Internet-connected touch screens that stream live and on-demand fitness classes through a subscription service.

Company shares are up +28.75% year-to-date.

Peloton recently brought Leslie Berland, Twitter’s former marketing head, as its next chief marketing officer, per Bloomberg news reports.

She previously helped lead American Express for 10 years.

Peloton is trying to shift the tides after a rough 2022, when its stock dropped more than 75%.

The company in November posted wider losses than analysts expected for its first fiscal quarter.

Berland said in an announcement that she is “thrilled” to join the company at this “unique moment in its transformation journey.”

Read More Market News Here

#5. Tesla Inc. (TSLA) Stock

Stock Market 2023: Top stocks outperforming the SPY.
Stock Market 2023: Top stocks outperforming the SPY.

Tesla Inc. (NASDAQ:TSLA) had one of its worst years yet in 2022.

However, the company stock is outperforming the market today already gaining +17.64% in gains this year-to-date.

Tesla CEO Elon Musk sold 22 million shares of the company last year cashing in approximately $3.6 billion earlier in December according to this SEC filing.

After the massive selloff, Elon said during a Twitter space call that he will not sell any Tesla shares for about two years.

Musk said he sees a ‘serious’ recession in 2023 and is preparing for a worst-case scenario.

And although experts are saying a recession is likely to strike the U.S. economy during the first quarter of 2023, the company stock seems to be performing quite well today.

Related: Is Tesla Stock a Buy Right Now or Should You Wait?

#6. Hycroft Mining Holding (HYMC) Stock

Shares of Hycroft Mining (NASDAQ:HYMC) rose 25% earlier this year when the company announced it had discovered more gold and silver than it had anticipated.

Majority of the company is owned by AMC Entertainment.

22% of the company to be exact.

When the movie theatre chain acquired the mining company, headquartered in Nevada, shareholders followed.

Hycroft was able to raise an incredible $195 million in just two weeks after the acquisition.

Today, company shares are up nearly +16% year-to-date.

#7. GameStop Corp. (GME) Stock

GameStop Corp. (NYSE:GME) shares are currently up +10.70% year-to-date.

GME stock continues to be a retail investors favorite despite its popularity coming down since the ‘meme stock’ frenzy of 2021.

Today, shareholders are registering their shares through DRS to prevent short sellers from attacking the company stock.

According to GameStop, approximately 30% of GME’s float is registered with the Direct Registration System (DRS).

This equates to 71.3 million retail shares.

How much of GME’s float is owned by retail investors?

Nearly 70% of the float is owned by individual shareholders according to Vickers Stock Research.

While DRS certainly prevents the company from being shorted, it’s only one piece of the puzzle for a GameStop short squeeze.

Shareholders will need to create massive buying pressure next.

Read More About GameStop and DRS Here

Check out the latest market news for retail investors!

Franknez.com - Business news, Market News, Analysis, + more.
Franknez.com – Business news, Market News, Analysis, + more.

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Is Biora Therapeutics (BIOR) Stock About to Go Big?

PROG Stock
Stock Market News: Is Biora Therapeutics (BIOR) stock about to squeeze?

Biora Therapeutics (NASDAQ:BIOR), formerly known as PROG stock was up more than +182% in the first week of the new year.

Today, BIOR stock is up more than +98% this year.

The stock surged from $2 per share and peaked around $7.36 last Wednesday but closed at $6.70.

After hours, the stock experienced a -10% pullback.

Today, BIOR is trading at $4.66.

Is Biora Therapeutics (BIOR) stock only warming up for takeoff?

BIOR is extremely shorted, we’re talking about the company being one of the most shorted stocks in the market at the moment.

Ortex is reporting the company to have a whopping 243.95% short interest.

What makes this stock even more interesting is that on Wednesday, massive buying volume came out of the blue.

Was this rally the first domino to fall that will trigger a BIOR short squeeze soon?

Let’s break it all down below.

BIOR (PROG) Stock Short Interest Today

Biora Therapeutics (PROG) stock has a current short interest of 195.74% with approximately 1.20 day to cover, per Fintel and 243% per Ortex.

Dark pool volume has eaten more than 54% of intraday trading volume.

However, trading volume has been quite strong in the past weeks.

BIOR stock price today
Biora Therapeutics (PROG) Stock Price Today.

So, why the sudden volume surge?

Did shorts begin to close their positions due to an upcoming catalyst?

This could very well be true, as BIOR just released an update that could potentially put their extraordinary work to real-world use.

And if all goes according to plan, shareholders may expect a massive short squeeze from BIOR (NASDAQ:BIOR).

The latest Biora Therapeutics news has the potential to create a big drop in short interest, sending share prices skyrocketing.

Latest BIOR Stock News (PROG)

PROG Stock News
Biora Therapeutics (BIOR) stock news | PROG stock news.

Biora Therapeutics is on track to move into clinic with its lead targeted therapeutics program.

For Biora’s Targeted Therapeutics Platform, which is focused on treatment of ulcerative colitis (UC), the company remains on track for an IND filing for its PGN-600 program followed by clinical trial initiation.

During Q4 2022, Biora continued its engagement with the FDA with a pre-IND supplemental Type C filing requesting agency feedback on its proposed PGN-600 clinical development plans, including the company’s proposed approach to toxicity studies and other aspects of its clinical plan.

“The recent Type C response from the FDA further strengthens our confidence in our plans to enter the clinic during the first half of 2023 with IND filing followed by trial initiation in Q2, and data readouts anticipated in Q3,” said Adi Mohanty, Chief Executive Officer of Biora Therapeutics.

Biora Therapeutics has previously shown the strong potential of its Targeted Therapeutics platform to help patients with ulcerative colitis (UC) through data demonstrating that:

For Biora’s Systemic Therapeutics program, the company has been transitioning from early concept to a clinical-ready device.

With several of the key device upgrades implemented, the company expects to report data from preclinical studies on its next-generation device during Q1 and Q2 of 2023.

This is big news for the company and for BIOR shareholders alike.

The latest PROG stock news could be the reason why we’ve been seeing bullish price action this year.

If clinical trials prove to be a success, Biora Therapeutics’ platform will be approved for use.

This could yield a massive payout for shareholders invested in the company this year, a PROG short squeeze.

Source(s): Yahoo Finance

BIOR Stock Forecast: Is BIOR Stock a Buy?

Analysts are giving BIOR stock a high stock price prediction of $100 in the next 12-months, that’s a +2,045% gain.

Price targets for BIOR look good overall.

CNN is showing the biotech company has a medium stock forecast of $82.50 (+1,670%) and a low of $65 (+1,294%).

So, is BIOR stock a buy?

Based on expert price targets for 2023, Biora Therapeutics stock could prove to be a ‘buy’ for value long term investors.

Are you holding Biora Therapeutics stock?

Biora Therapeutics News
Biora Therapeutics News – Franknez.com.

Is this the catalyst shareholders have been waiting for?

Leave your thoughts below for the retail community to see.

For more PROG stock news and updates, join the newsletter to receive weekly market news and notifications straight to your inbox.

Or follow me on Twitter, Instagram, Facebook, or LinkedIn for daily posts.

Read the Latest Market News Here


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Why is MULN Stock Going Down?

Stock Market News: Why is MULN stock going down?
Stock Market News: Why is MULN stock dropping?

MULN stock came down -8.59% last Friday after a bullish start to the new year and continued to drop after hours another -16.11%.

On Wednesday, the stock came down more than -6%.

Share prices went up to $0.47 from $0.28 in the past two weeks.

Volume surged as investors began to buy the stock based on expert predictions for the year.

MULN stock closed at $0.35 on Friday with around 167.7 million in trading volume, nearly the same volume as on Wednesday.

Total call options continue to dominate total put options volume.

So, why is MULN stock going dropping?

Let’s discuss it below.

MULN Call vs Put Options

The market sentiment for MULN stock continues to stay bullish despite the current share price levels we’re seeing today.

There was a total of 33.23K call options and 2.14K put options for MULN.

MULN Call Options
Mullen Automotive stock Webull – Franknez.com.

Webull’s options volume distribution shows us more investors are betting on MULN stock to go up.

The overwhelming number of calls we’re seeing in the market compared to puts is a trend that’s been ongoing for weeks now.

Despite shares falling going into the weekend, we can see the market sentiment for Mullen Automotive is quite bullish based on the options volume.

Last Friday, call options volume went as high as 194K.

That same day, put options weighed in lightly at 12.7K compared to the latter.

Also read: Will MULN Shares Keep Surging?

As more liquidity enters the market, I expect the number of call and buy orders in MULN stock will increase.

Mullen Automotive had a market capitalization of $437.7 million at the end of December 2022 and increased to $524.9 million in only the second trading day of the new year.

Today, MULN’s market cap is sitting at $467 million but reached nearly $700 million earlier last week.

MULN Stock Selloff Contributes to This Week’s Tumble

MULN stock had a selloff this Friday after it peaked last Friday around $0.47 per share.

However, $0.35 seems to be a strong level of support for Mullen Automotive.

Below that level is $0.28, where the stock is currently trading.

why is muln stock going down?
MULN stock price today. Why is MULN stock falling?

A big selloff has the potential to break consolidation causing shares to slide greatly.

On the contrary, big buying pressure will send shares to retest $0.47.

If the price is able to break above $0.50, shareholders can expect to see further bullish momentum.

Technical analysis shows us rejection at $0.47-$0.50 could send MULN stock to retest $0.30 or lower.

Which is exactly what happened on Friday’s trading day and on Wednesday of this week.

Friday saw significantly less volume than it did its previous week, so we know big volume is contributing to the rise of the price.

Two weeks ago, we saw 522 million in trading volume while last Friday we only saw 167 million in trading volume.

MULN has an average trading volume of 230 million.

The conservative buying volume in the past few days may have also contributed to the tumble.

MULN Stock 10-K and Reverse Stock Split News

Mullen submitted its Form 10-K on Friday the 13th, revealing a number of risk factors.

For the full year ended Sept. 30, 2022, Mullen — which posted no revenue — spent $21.65 million on research and development and $75.3 million on general and administrative expenses, totaling a loss from operations of just under $97 million. This compares unfavorably to the year-ago loss of $22.4 million.

Further down the statement, the net loss for the most recent fiscal year came out to $740.3 million. Again, this tally contrasted unfavorably with the year-ago’s net loss of $44.2 million.

As Mullen’s own Form 10-K stated, it must raise cash, likely through additional debt or equity financings. Fundamentally, the core concern for stakeholders is dilution, posing major worries for MULN stock. 

A MULN reverse stock split is also on the table, which has contributed to the selloff we’re currently seeing today.

Shareholders will get to vote on passing this or not, but I’m curious to know your thoughts on this news below.

Related: What a Reverse Stock Split Usually Signifies About a Company

Will MULN Shares Go Up Again?

will MULN stock go up
Why is MULN stock falling? Will Mullen Automotive stock go up?

MULN stock will need more liquidity for share prices to continue rising.

Shareholders will need to keep an eye on the company’s market capitalization.

Mullen Automotive’s market cap should be steadily increasing for share prices to increase.

A decline in market cap suggests big institutions or insiders may be selling, a sign that more often times than not suggests shareholders do the same.

Mullen Automotive had other great news in its industry towards the end of 2022.

So, the company as an entirety still has potential for a promising future.

They’ll just have to deliver as a company.

But it will be investors who provide the company with liquidity that will ultimately drive share prices up.

Related: MULN Stock Price is Predicted to Soar +7,000% This Year

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