Tag: SDC

20 Stocks With More Than 30% of Float Shorted: Short Squeeze Plays

by Fred Fuld III

Are you looking for some short squeeze plays? Are you looking for stocks that have over 30% of their float shorted?

Here is a list of 20 stocks that fit this criteria.

Altimeter Growth Corp. AGC
Beam Global BEEM
BEST Inc. BEST
Big 5 Sporting Goods Corporation BGFV
Blink Charging Co. BLNK
Esperion Therapeutics, Inc. ESPR
Arcimoto, Inc. FUV
Canoo Inc. GOEV
Intercept Pharmaceuticals, Inc. ICPT
Kaixin Auto Holdings KXIN
Nikola Corporation NKLA
NeuroPace, Inc. NPCE
PubMatic, Inc. PUBM
Lordstown Motors Corp. RIDE
Reneo Pharmaceuticals, Inc. RPHM
SmileDirectClub, Inc. SDC
Support.com, Inc. SPRT
Tattooed Chef, Inc. TTCF
View, Inc. VIEW
VPC Impact Acquisition Holdings VIH

 

Disclosure: Author didn’t own any of the above at the time the article was written.

Top IPO Tax Selling Stocks for a Possible Bounce in January

by Fred Fuld III

In case you haven’t noticed, many of the IPO stocks during the last year have turned out to be turkeys, making them possible tax sale opportunities.

If you are wondering what a tax selling stock is, it is a stock that is currently selling for a low price due to heavy year-end selling for tax purposes, but was trading at much higher levels earlier in the year.

As the year-end approaches, many investors employ the technique called tax harvesting , which is the selling of loser stocks to offset any gains that may have been established during the year.

With all the heavy selling, the price of the stocks that have had big drops tends to tank far more than what would normally take place during the rest of the year.

So traders and investors are on the lookout for stocks that are heavily hit, hoping for a significant bounce in January, once the tax selling is over.

So if you are looking for these types of stocks, here is a selection of some that have dropped by over 20% year-to-date. They all have market capitalizations over $500 million.

Stock Symbol Price Drop YTD
Chewy CHWY -29.5%
Fiverr FVRR -43.3%
Levi Strauss LEVI -20.5%
Lyft LYFT -47.1%
SmileDirectClub SDC -29.8%
Uber Technologies UBER -24.2%

Maybe someone’s tax losses can be your tax stock gains.

Disclosure: Author owns FVRR