Option chain shows key data for Koss's stock options at various strike prices and expiration dates. Traders use this information to analyze potential trades and assess market sentiment for Koss.

Koss (NASDAQ:KOSS) Stock, Option Chain

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.

Friday's Top 5 Trending Stocks

News

Movers

KOSS

LULU

SOUN

UBER

ULTA

SoundHound AI, GameStop, Lululemon, Uber and Ulta Beauty are the top five trending tickers on Yahoo Finance Friday. Here&#39;s a look at what to know: 

Friday&#39;s Top 5 Trending Stocks: What&#39;s Going On With SoundHound AI, GameStop, Lululemon?

woman-6318447

AMC Entertainment shares are up 9.2% Thursday afternoon. Retail investors rally around meme stocks, sparked by renewed activity from Keith Gill, known as &#34;Roaring Kitty.&#34;

What&#39;s Going On With AMC Entertainment Stock?

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

Exclusives

Tech

Trading Ideas

ETFs

AAPL

AMZN

CRWD

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?

Koss Corp

KOSSAN RUBBER IND ORD by Kossan Rubber Industries Inc.

Kossan Rubber Industries Bhd

SoundHound AI, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOUN#NASDAQ">SOUN</a>), GameStop Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>), Lululemon Athletica Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LULU#NASDAQ">LULU</a>), Uber Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) and Ulta Beauty, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ULTA#NYSE">ULTA</a>) are the top five trending tickers on Yahoo Finance Friday. 
Here&#8217;s a look at what is grabbing <a href="https://www.benzinga.com/24/12/42356144/gamestop-lululemon-uber-ulta-beauty-and-tesla-why-these-5-stocks-are-on-investors-radars-today">retail investors&#8217; attention.&nbsp;</a>
Read Next: <a href="https://www.benzinga.com/24/12/42316904/unitedhealthcare-ceo-brian-thompson-dies-after-being-shot-outside-nyc-hotel">UnitedHealthcare CEO Brian Thompson Fatally Shot Outside NYC Hotel</a>
<ul>
<li>SOUN: SoundHound AI shares soared Thursday after the company announced <a href="https://www.benzinga.com/24/12/42348247/soundhound-ai-shares-were-on-the-rise-today-whats-going-on">the deployment </a>of its voice AI Smart Ordering system at all 130 Torchy&#8217;s Tacos locations. It's not just tacos that are on fire:  SoundHound stock is burning up the charts, gaining nearly 150% over the past month. </li>
</ul>
<ul>
<li>GME: Roaring Kitty is<a href="https://www.benzinga.com/general/social-media/24/12/42349100/gamestop-rockets-as-roaring-kitty-returns-to-x-what-does-his-tweet-signal-ahead-of-q3-earnings"> back with another</a> cryptic social media post, sparking yet another round of speculation in GameStop and other <a href="https://www.benzinga.com/news/24/12/42349946/whats-going-on-with-amc-entertainment-stock-9">meme stocks</a> like AMC Entertainment Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMC#NYSE">AMC</a>), Koss Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KOSS#NASDAQ">KOSS</a>) and Blackberry Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BB#NYSE">BB</a>).  </li>
</ul>
<ul>
<li>LULU: Lululemon reported strong <a href="https://www.benzinga.com/news/buybacks/24/12/42352166/lululemon-q3-earnings-revenue-beat-eps-beat-1b-buyback-increase-continued-momentum-across-international-markets">third-quarter results </a>after Thursday's closing bell with international revenue rising 33% since last year. Several analysts raised price targets on the stock following the print and investors are piling into the ath-leisure name on Friday. </li>
</ul>
<ul>
<li>UBER: Uber is trending as shares dropped nearly 9% Thursday on news that Waymo will launch its <a href="https://www.benzinga.com/trading-ideas/movers/24/12/42348287/whats-going-on-with-uber-shares-thursday">robotaxi service </a>in Miami in 2026. On Friday, Uber announced the launch of its ride-hailing partnership in Abu Dhabi, marking the <a href="https://www.benzinga.com/24/12/42363171/uber-and-weride-come-together-to-launch-robotaxi-service-in-abu-dhabi">first time</a> autonomous vehicles (AVs) are available on the Uber platform outside the U.S.</li>
</ul>
<ul>
<li>ULTA: Ulta Beauty shares are trading higher after the company reported better-than-expected <a href="https://www.benzinga.com/news/earnings/24/12/42351981/ulta-beauty-shares-climb-on-better-than-expected-q3-results-raised-fy24-sales-outlook">third-quarter results</a> on Thursday and raised its fiscal 2024 outlook. Ulta reported quarterly earnings of $5.14 per share, beating the analyst consensus estimate of $4.54, as part of its blockbuster report. </li>
</ul>
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/24/12/42300548/art-cashins-lessons-cuban-crisis-trades-to-timeless-wall-street-wit">Art Cashin&#8217;s Lessons: Cuban Crisis Trades To Timeless Wall Street Wit</a></li>
</ul>
Image: Moondance from Pixabay

Friday's Top 5 Trending Stocks: What's Going On With SoundHound AI, GameStop, Lululemon?

AMC Entertainment Holdings Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMC#NYSE">AMC</a>) shares are up 7.8% to $5.29 Thursday afternoon as retail investors rally around <a href="https://www.benzinga.com/topic/meme-stocks">meme stocks</a>, sparked by renewed activity from Keith Gill, known as &#8220;Roaring Kitty.&#8221;
<a href="https://www.benzinga.com/general/social-media/24/12/42349100/gamestop-rockets-as-roaring-kitty-returns-to-x-what-does-his-tweet-signal-ahead-of-q3-earnings">Gill's tweet</a> on Thursday sent GameStop Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) shares soaring over 11%, prompting speculation of a broader resurgence in meme-stock enthusiasm.
What To Know: Gill's cryptic tweet Thursday afternoon, <a href="https://x.com/TheRoaringKitty/status/1864742787197116887">laden with cultural and financial symbolism</a>, has reignited interest in stocks tied to retail investor movements, including AMC.
Historically, AMC and GameStop have been <a href="https://www.benzinga.com/news/24/09/40753645/roaring-kitty-posts-again-whats-going-on-with-gamestop-amc-chewy-stocks">highly correlated</a> during retail trading frenzies, with shared investor bases often reacting in tandem.
The timing is also noteworthy, as AMC has been striving to improve its balance sheet and capitalize on recent box office successes. Roaring Kitty's tweets have previously influenced trading volumes in popular retail trader stocks.
What Else: Shares of KOSS Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KOSS#NASDAQ">KOSS</a>), a maker of high-fidelity headphones and audio products, also moved higher by 3.8% to $7.18 during Thursday trading.
Similarly, BlackBerry Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BB#NYSE">BB</a>) saw a notable uptick Thursday afternoon as investors speculated on a broader resurgence in retail-driven names.
Read Also: <a href="https://www.benzinga.com/general/social-media/24/12/42349100/gamestop-rockets-as-roaring-kitty-returns-to-x-what-does-his-tweet-signal-ahead-of-q3-earnings">GameStop Rockets As Roaring Kitty Returns To X: What Does His Tweet Signal Ahead Of Q3 Earnings?</a>
According to data from&nbsp;<a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>, AMC has a 52-week high of $11.88 and a 52-week low of $2.38.

What's Going On With AMC Entertainment Stock?

WIIM

Shares of popular retail trader stocks are trading higher after retail trader 'Roaring Kitty' posted a picture on X.

<h3>Gainers</h3>
<ul>
<li>Hall Of Fame Resort (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOFV#NASDAQ">HOFV</a>) stock rose 5.0% to $1.26 during Friday's after-market session. The company's market cap stands at $8.2 million. </li>
<li>ThredUp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TDUP#NASDAQ">TDUP</a>) stock increased by 4.98% to $0.58. The company's market cap stands at $64.0 million. </li>
<li>Cheetah Net Supply Chain (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTNT#NASDAQ">CTNT</a>) shares increased by 4.65% to $2.7. The market value of their outstanding shares is at $6.5 million. </li>
<li>Cooper-Standard Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPS#NYSE">CPS</a>) shares increased by 3.93% to $15.33. The company's market cap stands at $265.0 million. As per the news, the Q3 earnings report came out yesterday. </li>
<li>Connexa Sports Techs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YYAI#NASDAQ">YYAI</a>) shares increased by 3.54% to $3.8. The market value of their outstanding shares is at $24.4 million. </li>
<li>Luminar Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LAZR#NASDAQ">LAZR</a>) stock rose 3.14% to $0.82. The company's market cap stands at $414.9 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Lanvin Group Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LANV#NYSE">LANV</a>) shares fell 14.9% to $1.54 during Friday's after-market session. The company's market cap stands at $180.6 million. </li>
<li>Phoenix Motor (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEV#NASDAQ">PEV</a>) stock fell 9.55% to $0.41. The company's market cap stands at $15.3 million. As per the press release, Q2 earnings came out yesterday. </li>
<li>Naas Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NAAS#NASDAQ">NAAS</a>) shares declined by 4.35% to $2.86. The company's market cap stands at $38.7 million. </li>
<li>Premium Catering (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PC#NASDAQ">PC</a>) shares fell 4.0% to $0.67. The market value of their outstanding shares is at $10.7 million. </li>
<li>PLBY Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLBY#NASDAQ">PLBY</a>) stock decreased by 3.0% to $1.27. The market value of their outstanding shares is at $93.9 million. </li>
<li>Koss (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KOSS#NASDAQ">KOSS</a>) shares declined by 2.65% to $6.85. The company's market cap stands at $63.7 million. The company's, Q1 earnings came out yesterday. 
See Also: <a href="http://www.benzinga.com/money/best-consumer-cyclical-stocks/" title="www.benzinga.com/money/best-consumer-cyclical-stocks/">www.benzinga.com/money/best-consumer-cyclical-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

CTNT

HOFV

LANV

LAZR

NAAS

PLBY

TDUP

Connexa Sports Technologies Inc. - Common Stock

YYAI

12 Consumer Discretionary Stocks Moving In Friday's After-Market Session

Earnings

Koss Q1 EPS $(0.05) Down From $(0.03) YoY, Sales $3.20M Down From $3.37M YoY

<a href="https://x.com/gamestop/status/1839371375401992471" title="https://x.com/gamestop/status/1839371375401992471">https://x.com/gamestop/status/1839371375401992471</a>

GameStop Reposts ModRetro X Post Saying "You asked, we answered. Preorder Chromatic games and our exclusive @KossHeadphones with @GameStop"

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

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

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>

Intraday Update

Markets

AEON

AMIX

ANGO

ARVN

ATGL

CGBS

CHGG

CMND

EGHT

EOSE

FATE

FNKO

GRNQ

GROM

LCFY

MTCH

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'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

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

Comments

Koss

Koss (KOSS) Options

No option chain data available. Please try again later

Popular Channels

Tools & Features

Partners & Contributors

About Benzinga