Advanced Micro Devices (AMD) – Shares have rebounded about $10 off a recent low of $100.27 set earlier this week. A trader highlighted on Twitter Thursday afternoon a large buy imbalance in AMD ahead of Friday’s Nasdaq 100 rebalance.
Kidpik (PIK) – Thursday’s momentum-du jour play. After the stock closed up 158% on Thursday, shares continued their run Friday morning, up another 20%. This is a low-float issue with about 3 million shares in its float. On Thursday morning, the company announced a partnership with Disney (DIS) for the release of its Cheaper By The Dozen film on Disney+. The stock has been the most-searched ticker on Benzinga Pro over the last two sessions.
AST MobileSpace (ASTS) – Considered a play on space. The company is a designer and manufacturer of satellites. Other stocks clumped in the space trade group include Astra Space (ASTR), Virgin Orbit (VORB) and Virgin Galactic (SPCE).
NextPlay Technologies (NXTP) – A play on the metaverse. Traders had considered the stock a play on the metaverse since the summer of 2021; however, on Thursday, the company tweeted to highlight a launch event for the metaverse.
Pearson (PSO) – A play on a potential near-term technical support level. Shares saw very heavy volume and a spike sharply higher midday Thursday. The odd price action followed an hour-long consolidation phase within a few pennies around the $10.70 level. Shares were indicated below that level, near the $10.50 level Friday morning.