Small Cap Gainers: JFU, TDUP, ATEX
3:31 pm Thursday, June 17th, 2021
9F Inc – ADR (NASDAQ: JFU) Gains on heavy volume, reaching its highest levels since mid-February. The stock has now run higher by approx. +110% month-to-date. The stock is up by 24% to $2.76. 9F Inc., together with its subsidiaries, operates a digital financial account platform that integrates and personalizes financial services in the People’s Republic of China. Its products include digital financial accounts that offer online lending, wealth management, and payment facilitation services; revolving and non-revolving loan products to borrowers, as well as traffic referral services to institutional funding partners; and a suite of online wealth management products, such as fixed income products, stocks, insurance, bank wealth management products, and mutual funds to investors in various platforms, including Wukong Licai, 9F Wallet, and 9F Puhui.
ThredUp Inc (NASDAQ: TDUP) went up 11% to $29.66. The March IPO touches up to new record highs on moderate volume. KeyBank raised the stock’s price target to $32 from $22. Co will present at the Wells Fargo Bricks to Clicks Digital Conference next Thursday, June 24.
Anterix Inc (NASDAQ: ATEX) surged 13% to $56.66. The company yesterday held a virtual Investor Day, during which it presented on its strategic growth and outlook. Co stated that due to the size and number of potential deals in its pipeline, among other factors, it forecasts more than doubling last year’s results, yielding at least $200 mln of contracted proceeds in this fiscal year. It is forecasting to contract approx. $1.8 bln of its spectrum value by the end of FY24. Rises to 52-week highs on approx. 4x average volume.
