Keep on Keeping an Eye on These Low Float Listings
DENVER, Colo., Dec 29, 2023 (247marketnews.com)- Aditxt Inc. (NASDAQ:ADTX), Cingulate Inc (NASDAQ:CING), C4 Therapeutics Inc. (NASDAQ:CCCC), Shattuck Labs (NASDAQ:STTK), Siyata Mobile (NASDAQ:SYTA), Sentage Holdings Inc (NASDAQ:SNTG), and Merck (NYSE:MRK).
I’m sure that, by now, many of our readers are growing tired of our constant reminders concerning the low-float phenomenon, but this morning’s Snapshot report only strengthened our resolve and, as long as they make massive moves, we’re going to keep covering them.
As is becoming the norm, several of the biggest movers are low-float listings that we’ve recently covered, Aditxt (NASDAQ:ADTX), Siyata Mobile (NASDAQ:SYTA), and Sentage Holdings (NASDAQ:SNTG) are, or were, up over 25% this morning, while another hit a new 52-week high yesterday.
In fact, we started this week by stating that Shattuck Labs (NASDAQ:STTK) was still in play and that it was building its price base for a potential breakout, so we were happy to see it hit $7.77, yesterday afternoon, which is a new 52-week high.
While C4 Therapeutics (NASDAQ:CCCC) isn’t a micro-float listing, it broke its all-time daily trading volume high a couple of weeks ago, as more than 222 million shares traded that day, meaning its stock traded its 42 million share float more than 5.5 times in just one day, so it has many of the same dynamics as the lowest-float listings.
Plus, C4 should create tailwinds from its exclusive licensing agreement with Merck (NYSE:MRK) and other business successes, which is why Stifel upgraded C4 to “buy” with a target of $12.
Likewise, Siyata is set for some serious 2024 tailwinds, as it plans on releasing a new 5g product, which combined with their improved business model and new PO financing vehicle in place, should help it maintain its trajectory.
All of these have low-float listings could potentially see a powerful short squeeze and need to be on your trading screens for 2024.
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