Small Cap Gainers
SOS (5.81 +29.13%): Continued volatility; gains on above 3x average volume, more than recovering yesterday's 6% pullback.
OUST (10.08 +28.66%): Initiated with a Buy and a $17 target at Citigroup, which sees co as well-positioned amid the LiDAR industry with its unique digital architecture and leading position in non-auto verticals.
POWW (7.46 +12.18%): Gains to one-month highs, seeing strength following co's release of Q1 guidance yesterday morning and as the broader firearms and ammunitions space reacts to headlines indicating that President Biden is expected to unveil executive actions on firearms as soon as Thursday.
Small Cap Losers
GEO (6.25 -19.94%): Announced that it has immediately suspended payment of its quarterly dividend as it aims to maximize the use of cash flows to repay debt, deleverage, and internally fund growth. Co's board has determined to undertake an evaluation of co's structure as a REIT. At multi-year lows.
FIXX (7.6 -18.33%): Announced a public offering of common stock, priced for proceeds of approx. $50.0 mln. Co intends to put proceeds toward the advancement of various gene therapy candidates, including HMI-102, HMI-203, and HMI-103, among other purposes. At all-time lows.
CXW (7.61 -16.19%): Co filed for a mixed securities shelf offering and announced a proposed offering of $400.0 mln aggregate principal amount of senior unsecured notes due 2026. Co also noted in a filing that, among other updates, the United States Marshals Service has notified co that it will not be renewing its contract for co's Northeast Ohio Correctional Center, as previously anticipated. Moves to one-month lows, lagging alongside correctional and detention facilities REIT peer GEO Group (GEO).
