GreenPower Motor Is Surging - Here’s Why - InvestingChannel

GreenPower Motor Is Surging – Here’s Why

Founded in 2010, GreenPower Motor Company is a Canadian electric-vehicle maker focused on making battery-powered buses and trucks affordable. Trading under the ticker GP, the stock has been surging lately. Shares more than tripled in the final two weeks of August, and, even after an 18% dip Thursday, the stock is up 860% year-to-date.

Retail investors are showing a lot of interest in GreenPower Motor Company despite the enormous gains already recorded. According to TrackStarIQ rankings , the stock ranks No. 1 for increasing overall traffic or engagement this week (compared to last week). The strong interest comes after the company priced an Initial Public Offering to have shares listed in the U.S. on the Nasdaq last week and after the company released earnings Monday.

Interest in electric-vehicle plays like GP, Tesla (TSLA), and Nio (NIO) has been an ongoing theme. TrackStarIQ rankings also show a spike in interest in UTStarcom (UTSI) and Priority Technology Holdings (PRTH) this week. Direct-selling companies, testing labs, and apparel stores are the industry groups with the most significant increase in traffic in the latest period.

Meanwhile, retail investors also seem curious about the outlook for the iPath Pure Beta Broad Commodity ETN (BCM), according to TrackStarIQ rankings. The fund is designed to offer exposure to commodities through a basket of exchange-traded futures while reducing volatility through an unleveraged approach. Pacer Trendpilot US Large-Cap ETF (PTLC) and Invesco Downside Hedged S&P 500 ETF (PHDC) are also seeing surging interest among exchange traded funds. Lastly, the ETF categories Japan equities, foreign, and small-cap equities are seeing a notable bump in interest as well.

Please find below the rankings of stocks and ETFs that saw notable jumps in interest among retail investors, followed by the industry groups and ETF categories that are trending this week as well.

Top Stocks by Increase in Retail Investor Traffic (Past 2 days vs. 1-Week daily average):

Rank      Ticker      Company     
3 PRTH Priority Technology
2 UTSI UTStarcom
1 GP GreenPower Motor Company

Top ETFs by Increase in Retail Investor Traffic (Past 2 days vs. 1-Week daily average):

Rank      Ticker      Company     
3 PTLC Pacer Trendpilot US Large Cap ETF
2 PHDG Invesco Downside Hedged S&P 500 ETF
1 BCM iPath Pure Beta Broad Commodity Fund

Top Industry Groups by Increase in Retail Investor Traffic (Past 2 days vs. 1-Week daily average):

Rank      Industry Group     
3 Apparel Stores
2 Testing Labs
1 Direct-Selling Companies

Top ETF Categories by Increase in Retail Investor Traffic (Past 2 days vs. 1-Week daily average):

Rank      ETF Category     
3 Foreign Small & MidCap Equities
2 Hedge Fund
1 Japan Equities

Rank (Verified FA Traffic) Top 20 Surging Stocks by Retail Investor Traffic (2-Day vs. Previous Week) Top 20 Surging Industry Groups by Retail Investor Traffic (2-Day vs. Previous Week) Top 20 Surging ETFs by Retail Investor Traffic (2-Day vs. Previous Week) Top 20 Surging ETF Categories by Retail Investor Traffic (2-Day vs. Previous Week)
1 GP Direct selling establishments BCM Japan Equities
2 UTSI Testing laboratories PHDG Hedge Fund
3 PRTH Apparel Stores PTLC Foreign Small & Mid Cap Equities
4 SITS Services-Engineering, Accounting, Research, Management VOOV Preferred Stock/Convertible Bonds
5 JNCE Petroleum products, misc SBIO National Munis
6 BLPG Marine cargo handling SCHO Building & Construction
7 AKCA Metals service centers and offices IGSB Consumer Staples Equities
8 RNVA Wholesale-Apparel, Piece Goods & Notions EWJ New York Munis
9 JILL Aircraft parts and equipment, misc BTEC Emerging Markets Bonds
10 ADGS Specialty outpatient clinics, misc EWD Foreign Large Cap Equities
11 VRTY Railroad equipment SIZE Europe Equities
12 GNW Lubricating oils and greases DWFI Small Cap Blend Equities
13 TSRI Services-Misc Health & Allied Services, NEC EWZS Emerging Markets Equities
14 VTNA Concrete block and brick XSOE Global Equities
15 HGGOF Concrete, Gypsum & Plaster Products JSML Leveraged Real Estate
16 AIMT Dairy Products SPTL Metals
17 BMGP Meat packing plants BBJB Health & Biotech Equities
18 SCSC Bituminous coal, underground KBWY Mid Cap Growth Equities
19 ZICX Boat building and repairing SSG Global Real Estate
20 PSTV Commercial equipment, misc JAMF Communications Equities

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