The Dow Jones Industrial Average ($DOWI) is leading today’s sell-off after a bleak forecast from Walmart (WMT), but fears over the state of the U.S. consumer are also weighing heavily on small-cap stocks. The iShares Russell 2000 ETF (IWM) is down about 1% this afternoon, retreating from a test of its overhead 50-day moving average.
Today’s Top 5 Small-Cap Movers
However, not all small-caps are struggling. Herbalife (HLF) leads the group with a dramatic gain of over 45% after earnings, while Jumia Technologies (JMIA) has experienced a sharp decline of nearly 28% due to a Q4 miss.
Here are the 5 biggest stock movers among small caps today:
- Herbalife (HLF): +45.20%
- Jumia Technologies (JMIA): -27.58%
- Vnet Group (VNET): +11.66%
- Scantech AI Systems (STAI): +32.48%
- Teladoc Health (TDOC): -7.99%
What’s Driving the Rally in STAI Stock?
Out of this group, Scantech AI stock is an interesting name to watch. This AI penny stock has broken out recently, thanks in part to news that the company is working with the Virgina Department of Corrections on a pilot program to scan incoming mail for contraband.
Notably, the equipment is being loaned to VADOC at no cost, with no obligation to purchase after the six-month pilot period expires. However, investors seem to think this is a clutch opportunity, and they’ve been flocking to STAI stock in big numbers.
Scantech AI shares are now up 190% over the past five days, even as the stock has pulled back 20% from today’s intraday high.
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