This Week’s Hottest Momentum Movers

Hassan Maishera - November 19, 2019

The most active stocks of the week come from a variety of sectors. Any number of factors could cause upticks in trading volume, both good and bad. It’s usually caused by some type of sentiment shift towards the outlook for a company, like a blow out earnings report or a negative press release.

Browsing the most active stocks is a great way to start your trading morning. Often, these momentum movers make great day trade candidates. You can learn more about day trading here.

If you’re looking for the best stocks to trade this month, The Dork’s got your back. Check out our monthly power rankings for even more trade ideas:

  • Click Here for ‘The Best Stocks Under $5’
  • Go Here for ‘The Best Stocks Under $1’
  • Click Here for ‘The Best Tech Stocks to Buy for 2020″

This Week’s Five Most Active Stocks

Chinese officials are not hopeful of a phase one deal with the US soon. The news has negatively affected a wide range of stocks and could lead to increased trading volume over the coming days. However, here are the five most active stocks for the week. Momentum goes both ways, so some of these companies are rallying and others are tanking.

Chesapeake Energy Corporation (CHK)

The stock of Oklahoma-based energy corporation has seen a lot of activity in recent days. It has 8.11% of its value over the past 24 hours and is already down by 0.2% at Tuesday’s pre-market session. At its current rate, Chesapeake’s stock could suffer more blows over the coming days.

The company’s stock price is heading towards a 25-year low as talks of a merger with WildHorse Resource Development (WRD) continues. Chesapeake’s stock is trading at $0.64 per share at Tuesday’s pre-market session, down by 70% since the start of the year.

Advanced Micro Devices, Inc. (AMD)

Advanced Micro Devices, Inc. is another stock that has been active over the past few days. The semiconductor’s stock is trading at $39.89 at Tuesday’s pre-market session after rising by 3.42% over the past 24 hours.

tech stocks chip stocks

AMD is breaking out into new all-time highs. Above: AMD CEO Lisa Su delivers an address at a company presentation.

The investment bank, Cowen, recently increased Advanced Micro Devices’ stock target by $7 to $47 following a meeting with CEO Lisa Su. This comes after the company reported its best quarterly earnings result in a decade late last month.

Aurora Cannabis Inc. (ACB)

Aurora Cannabis Inc.’s stock posted a double-digit loss for the third consecutive day after losing 16% of its value on Monday. The stock is trading at $2.88 per share at Tuesday’s pre-market session.

The underlying reason behind the Canadian cannabis company’s underperformance could be its dismal first-quarter fiscal 2020 earnings. The company’s quarterly earnings were CA$75.2 million, which is below Wall Street’s expectations of CA$91 million. The poor result has seen the stock underperform over the past few days.

Intelsat SA (I)

Intelsat SA is one of the most active stocks of the week after losing 40% of its value within 24 hours. The stock plunged from $14 per share to $7.88 at Tuesday’s pre-market session, losing over 40% of its value in just 24 hours.

most active stocks

Intelsat tanked after government regulators challenged its ownership of vital 5G broadcasting frequencies.

The company’s stock tanked after the FCC Chairman Ajit Pai stated on Monday that he wants to have a public auction of C-band airwaves. Intelsat and its C-Band Alliance had been in support of a private sale for the C-band airwaves. However, the FCC’s ruling has massively affected its stock performance.

iShares MSCI Emerging Markets Index (EEM)

iShares MSCI Emerging Markets Index is one of the most active stocks this week. The ETF stock is down 0.16% at Tuesday’s pre-market session and is trading at $43.06 per share. However, it is up by 10% year-to-date despite recent woeful performances.

The activity comes from some institutional investors, increasing their stake in the company. Sumitomo Mitsui Trust Holdings Inc. recently purchased 229,198 shares of the ETF. Mackay Shields LLC also acquired new positions in the ETF on Friday, November 15.

Other investors to increase their stake in the ETF include; Dividend Assets Capital LLC, Vista Private Wealth Partners. LLC, Pacer Advisors Inc., 0. Kavar Capital Partners LLC, and Bay Harbor Wealth Management LLC.

More Momentum Movers

The stock market has been very active in recent days due to various factors such as earnings reports and the US-China trade deal. Follow Stock Dork on Twitter and Facebook to keep up with all the latest stock market news. Also, don’t forget to sign up for mobile Dork Alerts to get all the hottest stock picks, insights, and analysis delivered to your cell.

Hassan Maishera is a cryptocurrency expert and a Stock Dork freelance contibutor.

Leave a Reply

Your email address will not be published. Required fields are marked *