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Promising Mid Cap Stocks To Keep An Eye On - August 3rd

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Key Points

  • The article highlights seven mid-cap stocks to watch, including ProShares UltraPro Short QQQ, Chart Industries, and Align Technology, chosen for their significant trading volumes.
  • ProShares UltraPro Short QQQ seeks to provide three times the inverse performance of the NASDAQ-100 Index and has recently seen a price increase to $19.52 with a significant trading volume.
  • , which designs and manufactures process technologies, has a strong market capitalization of $8.93 billion and a recent share price of $198.75 after a modest decline.
  • MarketBeat previews top five stocks to own in September.

ProShares UltraPro Short QQQ, Chart Industries, Direxion Daily TSLA Bull 2X Shares, AltC Acquisition, Oklo, Align Technology, and Fluor 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 value generally falls between about $2 billion and $10 billion. They tend to offer a balance between the faster growth potential of small-cap firms and the greater stability and liquidity of large-cap companies. Investors often include mid-caps to diversify risk while still pursuing above-average returns. These companies had the highest dollar trading volume of any Mid Cap stocks within the last several days.

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.

Shares of SQQQ traded up $1.10 on Friday, reaching $19.52. The company's stock had a trading volume of 182,673,495 shares, compared to its average volume of 92,026,367. The stock's 50 day simple moving average is $20.68 and its two-hundred day simple moving average is $28.35. ProShares UltraPro Short QQQ has a 12-month low of $17.49 and a 12-month high of $57.95.

Read Our Latest Research Report on SQQQ

Chart Industries (GTLS)

Chart Industries, Inc. engages in the designing, engineering, and manufacturing of process technologies and equipment for the gas and liquid molecules in the United States and internationally. The company operates in four segments: Cryo Tank Solutions, Heat Transfer Systems, Specialty Products, and Repair, Service & Leasing.

Shares of GTLS traded down $0.08 on Friday, reaching $198.75. The company's stock had a trading volume of 12,015,201 shares, compared to its average volume of 2,491,437. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.55 and a quick ratio of 1.21. The stock has a market capitalization of $8.93 billion, a P/E ratio of 36.94, a PEG ratio of 0.78 and a beta of 1.59. The stock's 50 day simple moving average is $162.50 and its two-hundred day simple moving average is $163.91. Chart Industries has a 12-month low of $101.60 and a 12-month high of $220.03.

Read Our Latest Research Report on GTLS

Direxion Daily TSLA Bull 2X Shares (TSLL)

Shares of TSLL traded down $0.36 on Friday, reaching $10.32. The company's stock had a trading volume of 165,940,066 shares, compared to its average volume of 168,656,797. The stock has a market capitalization of $5.55 billion, a P/E ratio of 88.55 and a beta of -5.14. The stock's 50 day simple moving average is $12.28 and its two-hundred day simple moving average is $13.60. Direxion Daily TSLA Bull 2X Shares has a 12-month low of $6.29 and a 12-month high of $41.50.

Read Our Latest Research Report on TSLL

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.

Shares of ALCC traded down $5.10 on Friday, reaching $71.49. The company's stock had a trading volume of 19,769,723 shares, compared to its average volume of 723,393. The stock's 50 day simple moving average is $59.24 and its two-hundred day simple moving average is $41.05. AltC Acquisition has a 12-month low of $10.27 and a 12-month high of $18.80.

Read Our Latest Research Report on ALCC

Oklo (OKLO)

Oklo Inc. designs and develops fission power plants to provide reliable and commercial-scale energy to customers in the United States. It also provides used nuclear fuel recycling services. The company was founded in 2013 and is based in Santa Clara, California.

Shares of OKLO traded down $5.09 on Friday, reaching $71.50. The company's stock had a trading volume of 19,731,729 shares, compared to its average volume of 18,803,550. The stock has a market capitalization of $9.98 billion, a P/E ratio of -13.22 and a beta of 0.60. The stock's 50 day simple moving average is $59.73 and its two-hundred day simple moving average is $41.44. Oklo has a 12-month low of $5.35 and a 12-month high of $80.42.

Read Our Latest Research Report on OKLO

Align Technology (ALGN)

Align Technology, Inc. designs, manufactures, and markets Invisalign clear aligners, and iTero intraoral scanners and services for orthodontists and general practitioner dentists in the United States, Switzerland, and internationally. The company's Clear Aligner segment offers comprehensive products, including Invisalign comprehensive package that addresses the orthodontic needs of younger patients, such as mandibular advancement, compliance indicators, and compensation for tooth eruption; and Invisalign First Phase I and Invisalign First Comprehensive Phase 2 package for younger patients generally between the ages of six and ten years, which is a mixture of primary/baby and permanent teeth.

Shares of ALGN traded up $7.51 on Friday, reaching $136.52. The company's stock had a trading volume of 7,974,235 shares, compared to its average volume of 1,575,058. The stock has a market capitalization of $9.90 billion, a P/E ratio of 23.02, a PEG ratio of 1.44 and a beta of 1.61. The stock's 50 day simple moving average is $187.04 and its two-hundred day simple moving average is $185.39. Align Technology has a 12-month low of $127.70 and a 12-month high of $262.87.

Read Our Latest Research Report on ALGN

Fluor (FLR)

Fluor Corporation provides engineering, procurement, and construction (EPC); fabrication and modularization; operation and maintenance; asset integrity; and project management services worldwide. The company operates through Energy Solutions, Urban Solutions, Mission Solutions, and Other segments. The Energy Solutions segment provides solutions to the energy transition markets, including asset decarbonization, carbon capture, renewable fuels, waste-to-energy, green chemicals, hydrogen, nuclear power, and other low-carbon energy sources.

Shares of FLR traded down $15.31 on Friday, reaching $41.46. The company's stock had a trading volume of 25,535,948 shares, compared to its average volume of 2,757,772. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.74 and a quick ratio of 1.74. Fluor has a 12-month low of $29.20 and a 12-month high of $60.10. The stock has a market capitalization of $6.83 billion, a P/E ratio of 1.71, a PEG ratio of 1.99 and a beta of 1.43. The stock's 50 day simple moving average is $49.91 and its two-hundred day simple moving average is $42.92.

Read Our Latest Research Report on FLR

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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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