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Mid Cap Stocks To Add to Your Watchlist - August 12th

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Key Points

  • Mid-cap stocks are recommended for investors looking for a balance between growth potential and moderate volatility, with companies like Direxion Daily TSLA Bull 2X Shares and American Airlines Group highlighted as top picks this week.
  • Sharplink Gaming, operating in the online technology sector for sports betting, saw significant trading activity with almost 68 million shares exchanged, reflecting strong investor interest.
  • monday.com, despite its high valuation with a P/E ratio of 175.94, is experiencing fluctuating trading prices, moving down to $172.18 in recent trading, indicating potential volatility in its stock performance.
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Direxion Daily TSLA Bull 2X Shares, ProShares UltraPro Short QQQ, Sharplink Gaming, American Airlines Group, AltC Acquisition, SoundHound AI, and monday.com are the seven Mid Cap stocks to watch today, according to MarketBeat's stock screener tool. Mid-cap stocks are shares of companies whose total market capitalization typically falls between about $2 billion and $10 billion. They occupy the middle ground between small-cap and large-cap stocks, blending growth potential with relatively moderate volatility. Investors often view them as offering more upside than large-caps while being less risky than small-caps. These companies had the highest dollar trading volume of any Mid Cap stocks within the last several days.

Direxion Daily TSLA Bull 2X Shares (TSLL)

Shares of NASDAQ:TSLL traded up $0.16 during mid-day trading on Tuesday, reaching $13.00. 142,497,089 shares of the stock were exchanged, compared to its average volume of 166,889,453. The stock's 50 day simple moving average is $11.81 and its 200-day simple moving average is $12.78. The company has a market cap of $6.99 billion, a P/E ratio of 88.55 and a beta of -5.14. Direxion Daily TSLA Bull 2X Shares has a one year low of $6.29 and a one year high of $41.50.

Read Our Latest Research Report on TSLL

ProShares UltraPro Short QQQ (SQQQ)

ProShares UltraPro Short QQQ (the Fund) seeks daily investment results, which corresponds to three times the inverse of the daily performance of the NASDAQ-100 Index (the Index). The Index includes 100 of the non-financial domestic and international issues listed on National Association of Securities Dealers Automated Quotation (NASDAQ) Stock Market.

SQQQ stock traded down $0.64 during mid-day trading on Tuesday, reaching $17.02. The company had a trading volume of 100,577,784 shares, compared to its average volume of 92,766,258. ProShares UltraPro Short QQQ has a 52 week low of $17.00 and a 52 week high of $57.80. The stock has a 50 day simple moving average of $19.99 and a two-hundred day simple moving average of $27.90.

Read Our Latest Research Report on SQQQ

Sharplink Gaming (SBET)

SharpLink Gaming, Inc. operates as an online technology company that connects sports fans, leagues, and sports websites to sports betting and iGaming content. The company operates through four segments: Affiliate Marketing Services United States, Affiliate Marketing Services International, Sports Gaming Client Services, and SportsHub Games Network.

Shares of NASDAQ SBET traded up $0.36 during midday trading on Tuesday, hitting $22.70. 67,548,179 shares of the company's stock were exchanged, compared to its average volume of 12,889,157. The company's 50 day moving average price is $21.77 and its 200 day moving average price is $12.07. Sharplink Gaming has a 12 month low of $2.26 and a 12 month high of $124.12.

Read Our Latest Research Report on SBET

American Airlines Group (AAL)

American Airlines Group Inc., through its subsidiaries, operates as a network air carrier. The company provides scheduled air transportation services for passengers and cargo through its hubs in Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York, Philadelphia, Phoenix, and Washington, D.C., as well as through partner gateways in London, Doha, Madrid, Seattle/Tacoma, Sydney, and Tokyo.

NASDAQ:AAL traded up $1.37 during mid-day trading on Tuesday, hitting $12.95. 95,088,352 shares of the stock were exchanged, compared to its average volume of 56,810,418. The stock has a market capitalization of $8.54 billion, a price-to-earnings ratio of 16.17, a price-to-earnings-growth ratio of 2.64 and a beta of 1.43. The firm's 50-day simple moving average is $11.55 and its 200 day simple moving average is $12.05. American Airlines Group has a fifty-two week low of $8.50 and a fifty-two week high of $19.10.

Read Our Latest Research Report on AAL

AltC Acquisition (ALCC)

AltC Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or other business combination with one or more businesses. The company was formerly known as Churchill Capital Corp VIII and changed its name to AltC Acquisition Corp.

NYSE ALCC traded down $3.46 during midday trading on Tuesday, hitting $71.86. The company had a trading volume of 16,515,507 shares, compared to its average volume of 723,393. AltC Acquisition has a twelve month low of $10.27 and a twelve month high of $18.80. The firm has a 50-day moving average price of $62.38 and a 200-day moving average price of $43.19.

Read Our Latest Research Report on ALCC

SoundHound AI (SOUN)

SoundHound AI, Inc. develops independent voice artificial intelligence (AI) solutions that enables businesses across automotive, TV, and IoT, and to customer service industries to deliver high-quality conversational experiences to their customers. Its products include Houndify platform that offers a suite of Houndify tools to help brands build conversational voice assistants, such as Application Programming Interfaces (API) for text and voice queries, support for custom commands, extensive library of content domains, inclusive software development kit platforms, collaboration capabilities, diagnostic tools, and built-in analytics; SoundHound Chat AI that integrates with knowledge domains, pulling real-time data like weather, sports, stocks, flight status, and restaurants; and SoundHound Smart Answering is built to offer customer establishments custom AI-powered voice assistant.

SOUN stock traded down $0.01 during midday trading on Tuesday, reaching $15.89. 63,615,643 shares of the stock were exchanged, compared to its average volume of 41,047,805. The company has a fifty day moving average price of $10.87 and a 200 day moving average price of $10.45. SoundHound AI has a 52 week low of $4.32 and a 52 week high of $24.98. The stock has a market capitalization of $6.38 billion, a PE ratio of -25.33 and a beta of 2.57.

Read Our Latest Research Report on SOUN

monday.com (MNDY)

monday.com Ltd., together with its subsidiaries, develops software applications in the United States, Europe, the Middle East, Africa, the United Kingdom, and internationally. The company provides Work OS, a cloud-based visual work operating system that consists of modular building blocks used and assembled to create software applications and work management tools.

Shares of NASDAQ MNDY traded down $1.95 during trading on Tuesday, reaching $172.18. The company had a trading volume of 3,893,930 shares, compared to its average volume of 862,995. The stock has a market cap of $8.74 billion, a P/E ratio of 175.94, a PEG ratio of 89.75 and a beta of 1.27. The company's fifty day moving average price is $287.11 and its 200-day moving average price is $276.86. monday.com has a 12 month low of $172.41 and a 12 month high of $342.64.

Read Our Latest Research Report on MNDY

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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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