We share weekly commentaries with investors on stocks in our strategies that have appreciated or dropped more than 15% in a day during the course of the week. We hope you find this commentary useful.
Nano Dimension (NNDM)
Nano Dimension appreciated more than 15% on Monday perhaps because it filed a 6K appointing Dr. Eli David, an AI expert specializing in deep learning and evolutionary computation, to its Board of Directors.
Yeahka Ltd (9923 HK)
Yeahka Ltd surged 20% on Monday after Citi raised its price targets and upgraded the stock, following several other broker upgrades recently. Yeahka is a leading independent merchant acquiring payment platform in China.
ZhongAn Online (6060 HK)
ZhongAn Online jumped 16% on Monday in response to news that ZA Bank would receive a license to operate a digital insurance business in Hong Kong. ZhongAn, one of ZA Bank’s backers, is an online-only insurance company that has expanded rapidly into new markets and products during the past few years.
Agora, Inc. (API)
Agora Inc rallied 16% on Tuesday, perhaps because of increasing awareness that one of its customers is Clubhouse, a drop-in audio chat social platform that has scaled rapidly in recent months in response to the boom in on-line retail investment chatter. With more than 80% of its business in China, Agora is an API based real-time-communication company that enables live video and voice engagement at large scale.
ExOne (XONE)
ExOne appreciated more than 16% on Tuesday after news broke that it had reached a license agreement with the Oak Ridge National Laboratory (ORNL) for ceramic-metal parts. ORNL has developed its own patented method of 3D printing ceramic-metal parts on ExOne’s M-Flex 3D printing machines. The new license allows for commercial use of the technology to print collimators, shielding equipment, and other components used in researching neutron scattering.
Workhorse (WKHS) and Virgin Galactic (SPCE)
On Tuesday, Workhorse and Virgin Galactic jumped 30% and 16%, respectively. While President Biden did make comments supporting government purchases of electric vehicles this week, both WKHS and SPCE are among a group of highly shorted stocks that have benefited from a surge in retail support.
Hims & Hers Health Inc (HIMS)
Hims & Hers Health Inc, a telemedicine company aiming to revolutionize health care for highly sensitive conditions once considered “taboo” in discussions, traded up 27% on Thursday after announcing the completion of its merger with special purpose acquisition company (SPAC), Oaktree Acquisition.