Golden Nugget Online Gaming ($GNOG) – The company with the absolute best name in the stock market was riding yesterday, up 50.8%. You guessed it, Golden Nugget Online Gaming is being acquired by fellow betting site Draftkings for $1.56bn. While Golden Nugget plummeted more than 55% since 2020 it turned out to be a solid strategy, making the company too good of a bargain for Draftkings to resist. Paying more than a 50% premium, it seems Draftkings may be unfamiliar with the term "overvalued".
Moderna ($MRNA) – The love-hate relationship between Moderna and the pandemic might be the best love story since Ross and Rachel. The pandemic brought Moderna from a rando smid-cap to a $185bn healthcare leader. By destroying the world, the virus gave Moderna a once-in-a-century opportunity to run with. Now that cases rise across the U.S. and virus fears resurge, shares jumped 17.1% as this "opportunity" seems far from over.
SCWorx ($WORX) – Rihanna should've named her song "$WORX" and bet her life savings on it...she'd probably never have to work, work, work, work, work, work again. With a short interest of roughly 60%, this $38mm meme is a strong contender for the next squeeze to be squoze, and yesterday's 18.6% gain certainly helped out. When news broke about the stock going up, this drove the stock to...go up. Plain and simple. Nicely done apes.