Reply To: Traders Market Weekly: Jobs, Inflation and PMI Pressures


Monday – August 22

Volatility watch – Options trading volume has moved higher on Mind Medicine (MNMD) and Clene (CLNN). Vuzix Corp. (VUZI) and Carvana (CVNA) could see extra volatility with short interest as a percentage of total float still elevated. Social media interest has picked up on bluebird bio (BLUE) and Cisco (CSCO).

All day – Shareholders Software Acquisition Group III (SWAG) will vote on the deal to take commerce-as-a-service technology provider Nogin public as part of a SPAC merger. The combined firm will have an estimated post-transaction enterprise value of $646M, assuming no redemptions by SWAG stockholders. Nogin shareholders will roll 96% of their existing equity holdings into the combined firm and are expected to own ~67% of the company on a non-fully diluted basis following the closing of the business combination. The combined company will be named Nogin and will remain listed on the Nasdaq under the new ticker symbol NOGN.