Nio's New Low

New 52-Week Highs led New Lows — 332 vs. 31.

March 04, 2024

Happy Monday!

The major indices inched lower. Utilities and real estate gained more than 1%. Consumer discretionary, communications and energy tumbled more than 1%.

New 52-Week Highs led New Lows — 332 vs. 31.

See the full sheet here.

The Best of the Best

Apogee Therapeutics ($APGE) is the best of the best. The ~$2B biotech broke out +12% and closed at an all-time high.

Tomorrow, Tuesday March 5th, Apogee plans to release its APG777 Phase 1 interim trial results. Click here to catch the conference call.

Here’s the daily chart.

$APGE has 6 followers on Stocktwits.

The Worst of the Worst

NIO ($NIO) is the worst of the worst. The Chinese EV maker unplugged -7.79% and closed at its lowest price since June 2020. The move may be a sympathy play after Tesla reported disappointing Chinese delivery numbers.

The company is scheduled to report earnings tomorrow BMO.

Here’s the daily chart.