Mid Cap Stocks to Watch on February 8th
Today, seven mid cap stocks are in focus: Oklo, BigBear.ai, BILL, e.l.f. Beauty, Direxion Daily TSLA Bull 2X Shares, Rigetti Computing, and United States Steel. These stocks are considered mid cap, meaning they are issued by companies with a market capitalization between $2 billion and $10 billion. Mid cap stocks are often seen as a good balance between the growth potential of small cap stocks and the stability of large cap stocks.
Oklo (OKLO)
Oklo Inc. designs and develops fission power plants to provide dependable energy on a commercial scale in the United States. Founded in 2013 and based in Santa Clara, California, Oklo also offers services for recycling used nuclear fuel. Recently, OKLO reached a trading price of $55.25, up $7.49 during Friday's trading. The stock had a trading volume of over 37 million shares.
With a 50-day moving average of $27.78 and a 200-day moving average of $17.92, Oklo has seen a price fluctuation, having a one-year low of $5.35 and a high of $59.14.
BigBear.ai (BBAI)
BigBear.ai Holdings, Inc. offers AI-driven decision intelligence solutions, contributing to national security, supply chain management, and various data processing services. The stock traded at $8.59, with a rise of $1.82 on Friday and a trading volume exceeding 229 million shares.
BigBear.ai has market metrics showing a twelve-month low of $1.16 and a high of $9.31, and its financial profile includes a market cap of $2.16 billion.
BILL (BILL)
BILL Holdings, Inc. specializes in financial automation software designed for small and midsized businesses across the globe. Their offerings include cloud-based payments and spend management solutions. On Friday, BILL dropped to $62.40, with a decrease of $33.96 in its stock price.
With a market cap of $6.46 billion, BILL has exhibited volatility, where its 52-week low was $43.11, while the high was $100.19.
e.l.f. Beauty (ELF)
e.l.f. Beauty, Inc. focuses on creating affordable, clean, vegan, and cruelty-free cosmetics and skincare products. On Friday, the stock traded at $71.12 after falling $17.38 during the session. Its market capitalization is noteworthy at $4.01 billion.
Direxion Daily TSLA Bull 2X Shares (TSLL)
This ETF (exchange-traded fund) aims to double the daily returns of TSLA stock. On the last trading day, it saw a price of $21.13, down by $1.58.
Rigetti Computing (RGTI)
Rigetti Computing, Inc. specializes in quantum computing and offers access to its quantum processors. On Friday, it traded at $12.85, down $0.44, with significant trading activity of over 96 million shares.
United States Steel (X)
United States Steel Corporation produces steel products and operates various segments in North America and Europe. The stock reached $36.96, down $2.31 on Friday.
With the mid cap segment drawing attention, these companies exhibit diverse sectors and visions for the future.
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