
Hoth Therapeutics Inc. shares surged on Wednesday after the clinical-stage biotech said it had completed its legal name change to Rocket One Inc. and would start trading under the ticker RKTO at the open on May 28. The stock was recently at $1.21, up roughly 71% from Tuesday’s close, after trading as high as $1.54 on volume of about 113 million shares.
Today’s highest-ranked model selections.
The catalysts most likely to move markets.
A large surprise can reset expectations for household spending and near-term growth, with read-through to Treasuries, USD and cyclical stocks.
Housing remains highly rate-sensitive; the print can move homebuilders, mortgage-sensitive names and the long end of the Treasury curve.
Guidance can influence software multiples and sentiment around U.S. small-business activity.