Meme Stocks Retreat, Markets Mixed

Last Updated: Wednesday, June 9, 2021 1:55 PM | Nick Dey

During trading Wednesday, 179 stocks traded to a 52-week high, while 2 stocks bottomed out at new 52-week lows. The S&P 500 is up 0.08% so far today while the Dow is down 0.13%, the Nasdaq is up 0.28%, and the Russell 2000 is down 0.1%.

Stocks are mixed Wednesday afternoon as the S&P 500 approaches a record high. GameStop (GME) is 4.6% higher ahead of its earnings report this afternoon. Despite GameStop's performance, other popular meme stocks are sharply lower, including CLOV, AMC, BBBY, and EXPR.

Sector Highlights

Real Estate stocks dominated our list of highs today with 64 out of the 179 total stocks that reached their high coming from the Real Estate sector. The Real Estate sector is outperforming the market, increasing 0.46% so far on the day. Over the last month the Real Estate sector has outperformed the market, increasing 6.6% while the S&P decreased 0.13%.

Colony Capital (CLNY) is on highs after announcing that it is rebranding in DigitalBridge and that its new ticker handler will be DBRG effective June 22. Meanwhile, Colony Capital is continuing on highs after selling a bulk of its OED portfolio to Fortress Investment Group (FIG). Meanwhile, Redwood Trust (RWT) is on highs after yesterday's naming of Brooke Carillo as the company's next CFO. Lastly, Piedmont Office Realty Trust (PDM) is on highs after announcing yesterday that the company completed 230,000 square feet of leasing transactions during Quarter 2, with 60% on those transactions being related to new tenant leasing.

Real Estate: ABR, ACRE, ADC, AGNC, AIV, AKR, ALEX, BDN, BRMK, BRX, CIO, CLNC, CLNY, CMO, CPT, CUBE, CUZ, DRE, DX, ELS, EPRT, EXR, FR, GLPI, GMRE, GOOD, GTY, HIW, ILPT, IRM, IRT, JLL, KIM, KREF, KRG, LAMR, LAND, LSI, LXP, MAA, MFA, MNR, NLY, NXRT, NYMT, OFC, PDM, PEAK, PMT, PSA, RC, REXR, RVI, RWT, SITC, SLG, STAG, STOR, SUI, TRNO, UBA, UMH, VICI, WELL

Energy had the second largest presence on our 52-week highs, with 23 out of 179 highs coming from the Energy sector. The Energy sector is outperforming the market today, increasing 0.37% so far on the day. Over the last month the Energy sector has outperformed the market, increasing 3.27% while the S&P decreased 0.13%.

Energy: ARLP, BTU, CPE, DCP, ENBL, EPM, ET, FANG, GEL, GLP, LPI, MPC, MTDR, NESR, NFG, NOG, PSX, PTEN, RRC, SUN, VNOM, VVV, WES

The Lists

The following stocks traded to 52-week highs: ABR, ACHC, ACRE, ADC, ADP, AGIO, AGNC, AIV, AKR, ALEX, ALXN, AMEH, AMSWA, ANDE, ANGO, ARCC, ARLP, AVID, BDN, BIG, BKCC, BRC, BRKR, BRMK, BRX, BTU, BX, CC, CIO, CLNC, CLNY, CMO, CNDT, CNP, CNTY, COMM, CPE, CPT, CSTM, CUBE, CUZ, CVLT, DBX, DCP, DDS, DRE, DX, DZSI, EBAY

The following stocks traded to 52-week lows: CLX

The following ETFs traded to a 52-week high: AMJ, BNO, DBC, DIG, EWK, EWQ, GREK, GSG, HYD, ICF, IEO, IGE, IOO, IXC, IYE, IYR, OIL, RSX, SPY, UGA, URE, USCI, USO, VGK, VNQ, VTI, XLE, XOP

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