2 Stocks Under $20 Making Outsized Moves

Options traders are targeting HUMA and AMSC

Deputy Editor
May 30, 2024 at 2:54 PM
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This week in Cheap Seats: Stocks Under $20 segment, we're taking a look at two stocks that are soaring today: Humacyte Inc (NYSE:HUMA) and American Semiconductor Corp (NASDAQ:AMSC)

Humacyte today announced that it would take part in the Jefferies Global Healthcare Conference. At last glance, HUMA was up 20.5% at $9.29, on track for its best day since August 2023 and trading at its highest levels since December 2021. Since the start of the year, the equity is up roughly 230%.

AMSC is up 14.6% at $18.10, earlier hitting a peak of $20.68, after the chip name's strong first-quarter results. Hitting its highest levels in three years, the security is up 61.7% since the start of 2024. 

Options traders are chiming in on the attractively priced stocks. So far today, HUMA has seen 4 times its average daily options volume, with the new positions opening at the most active June 10 call. Traders have targeted AMSC at 14 times its average daily options volume, with new positions opening at the most popular, June 20 call.  

It's also worth mentioning that both stocks have a bit of short squeeze potential. Short interest represents 5.2% of HUMA's available float, and 5.4% of AMSC's.

 
 
 

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