24/7 Market News – Weekly Wrap for July 8, 2022

(24/7 MARKET NEWS) It seemed like we stuffed five days’ worth of trades in four days.

Titan Pharmaceuticals, Inc. (NASDAQ: TTNP) caught our eye on Tuesday and its shares gained in every session this week, closing today at $1.39, up $0.2436 (+21.25%), on over 3.1 million shares for the day.

Seritage Growth Properties (NYSE: SRG) was trading well in premarket, on plan of sale news. However, even if you didn’t purchase early in premarket, it was an easy consistent gainer throughout the day and closed near the day’s high, at $10.96, a $4.88 gain (+80.26%), on 82.5 million shares traded.

Aditxt, Inc. (NASDAQ: ADTX) was trading higher in this morning’s premarket, on preclinical toxicity study success, and was a quick and easy opening bell scalp, especially in you bought in the premarket. It closed today at $0.24, which was $0.08 (+50.00%), on over 185 million shares.

Faraday Future Intelligent Electric Inc. (NASDAQ: FFIE) shares remain active and although it closed down today, it looks like it’s consolidating at $5.40, down a dime (-1.82%), on nearly 25.8 million shares.

Endo International PLC (NASDAQ: ENDP) continues to move since its jury verdict and exceeded 100 million shares 6 of the last 8 trading days, closing today at $0.6028, up $0.0697 (+13.07%), on 127 million shares.

Short Squeezes

If today is any indication, the second half of 2022 may see some epic short squeezes.

Clovis Oncology Inc. (NASDAQ: CLVS) took out its 200-day simple moving average resistance and a few other resistance levels. After hitting today’s high, of $3.25, it closed the week at $2.77, 60 cents (+27.65%) higher, on over 104 million shares.

Revlon (NASDAQ: REV) continues to consolidate and closed today at $5.72, down $0.11 (-1.89%), on over 5 million shares. The 20-day simple moving average just crossed the 50-day simple moving average, so it could strengthen.

Although Redbox Entertainment (NASDAQ: RDBX) closed today in the red, at $6.22, down a nickel (-0.80%), on over 2 million shares traded, it’s up for the week. it appears to be consolidating and could begin to run, again, in the next week or two.

Bluebird bio, Inc. (NASDAQ: BLUE) is another heavily shorted stock that’s been consolidating and it looks like it wants to keep squeezing higher. It’s at $5.15, up $0.13 (+2.59%), on 6.8 million shares.

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