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Promising Mid Cap Stocks To Research - August 13th

CAVA Group logo with Retail/Wholesale background

Key Points

  • CAVA Group saw a significant 16% stock drop, with shares trading at $71.72, down from a high of $172.43, amid heavy trading volume.
  • Mid-cap stocks, defined as companies with market caps between $2 billion and $10 billion, are gaining attention for their balance of growth potential and stability.
  • Other notable stocks to watch include AltC Acquisition, Direxion Daily TSLA Bull 2X Shares, ProShares UltraPro Short QQQ, and Sharplink Gaming, with each showcasing varying trading volumes and market performances.
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CAVA Group, AltC Acquisition, Direxion Daily TSLA Bull 2X Shares, ProShares UltraPro Short QQQ, and Sharplink Gaming are the five Mid Cap stocks to watch today, according to MarketBeat's stock screener tool. Mid‐cap stocks are shares of companies whose total market capitalization generally falls between about $2 billion and $10 billion. They tend to offer a middle ground in terms of growth potential and risk, typically posting higher returns than large‐cap stocks but with less volatility than small‐cap issues. Investors often include mid‐caps to balance stability and upside in their equity portfolios. These companies had the highest dollar trading volume of any Mid Cap stocks within the last several days.

CAVA Group (CAVA)

Shares of NYSE CAVA traded down $12.78 during mid-day trading on Wednesday, hitting $71.72. 36,069,778 shares of the stock traded hands, compared to its average volume of 3,753,735. CAVA Group has a 52 week low of $65.70 and a 52 week high of $172.43. The company has a market cap of $8.29 billion, a price-to-earnings ratio of 59.76, a PEG ratio of 4.11 and a beta of 2.65. The stock has a fifty day moving average price of $83.46 and a 200-day moving average price of $92.30.

Read Our Latest Research Report on CAVA

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 NYSE ALCC traded up $6.61 during mid-day trading on Wednesday, hitting $78.47. 26,204,486 shares of the stock traded hands, compared to its average volume of 723,393. AltC Acquisition has a 52 week low of $10.27 and a 52 week high of $18.80. The stock has a fifty day moving average price of $62.77 and a 200-day moving average price of $43.39.

Read Our Latest Research Report on ALCC

Direxion Daily TSLA Bull 2X Shares (TSLL)

Shares of NASDAQ TSLL traded up $0.01 during mid-day trading on Wednesday, hitting $12.97. 122,340,559 shares of the stock traded hands, compared to its average volume of 166,654,859. Direxion Daily TSLA Bull 2X Shares has a 52 week low of $6.29 and a 52 week high of $41.50. The company has a market cap of $6.97 billion, a price-to-earnings ratio of 88.55 and a beta of -5.14. The stock has a fifty day moving average price of $11.78 and a 200-day moving average price of $12.78.

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.

Shares of NASDAQ SQQQ traded up $0.01 during mid-day trading on Wednesday, hitting $16.99. 78,342,809 shares of the stock traded hands, compared to its average volume of 92,739,672. The stock has a fifty day moving average price of $19.88 and a 200-day moving average price of $27.83. ProShares UltraPro Short QQQ has a 52 week low of $16.71 and a 52 week high of $57.80.

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.

NASDAQ:SBET traded up $0.59 during trading hours on Wednesday, reaching $23.06. 48,893,742 shares of the company traded hands, compared to its average volume of 13,172,882. The business's 50-day moving average price is $21.22 and its two-hundred day moving average price is $12.14. Sharplink Gaming has a 1 year low of $2.26 and a 1 year high of $124.12.

Read Our Latest Research Report on SBET

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