Insider Financial recaps the day's small action action and looks at the meme stocks on our radar.
This video covers BZFD, WOOF, CVAC, SPWR, BNED, GME, AMC, and FFIE.
Video Summary
American politician and entrepreneur Vivek Ramaswamy has disclosed a 7.7% stake in Buzzfeed (NASDAQ: BZFD), according to a 13D filing by the company.
Ramaswamy said the digital media company was “undervalued” and is seeking a meeting with its board, according to Bloomberg. Over 7% of the float is short.
WOOF posted a better-than-anticipated Q1 earnings report. Over 12% of the float is short.
Bird flu is on my radar. Australia has recorded the first human case of a highly pathogenic bird flu strain in a child traveling home from overseas, the Victorian Health Department said on Wednesday.
CVAC has an avian influenza (H5N1) vaccine in phase 1 in partnership with GSK.
SPWR to offer the company's Powerwall 3 stationary battery. 94% of the float is short.
Barnes & Noble Education (NYSE: BNED) showed a 109% gain today after being up more than 150% earlier in the session. The stock has already been halted by the Nasdaq multiple times due to volatility.
Last week, Greenhaven Road Investment Management LP disclosed a 9.9% activist stake in the retailer. Greenhaven said it continues to explore a possible transaction with BNED, including any required financing, and may continue to have talks with management and the board on business, strategies, capitalization, and operational issues, among other things.
Bottom Line
As we keep saying, there are always opportunities in the markets, and it’s our job to find winning stocks to trade. Huge gains can be made in such a short amount of time.
It’s essential to look for stocks that have yet to run. There are plenty of opportunities, and we look at hundreds of stocks weekly for our subscribers.
Remember, all it takes is one or two to become a winner, and you’ve crushed the market indices (and Jim Cramer) for the year.
Good luck to all (except the shorts and Cramer)!
WHEN INSIDER FINANCIAL HAS A NEW COMPANY TO RESEARCH, IT IS IMPORTANT TO PAY ATTENTION. AFTER ALL, OUR FREE NEWSLETTER PROFILED MANY TRIPLE-DIGIT WINNERS FOR SUBSCRIBERS. WE ALWAYS ARE LOOKING FOR MOMENTUM BEFORE IT HAPPENS!
Disclosure: We have not been compensated for this article/video. Insider Financial is not an investment advisor; this article/video does not provide investment advice. Always do your research, make your own investment decisions, or consult with your nearest financial advisor. This article/video is not a solicitation or recommendation to buy, sell, or hold securities. This article/video is our opinion, is meant for informational and educational purposes only, and does not provide investment advice. Past performance is not indicative of future performance.
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