GlycoMimetics, Canaan, PayPal: 3 Stocks Retail Is Most Bullish On Today

GlycoMimetics Inc. ($GLYC)

Shares of GlycoMimetics surged over 200% on Tuesday, making it the top gainer across U.S. markets and reaching a near two-year high. The biotech firm’s rally follows news of its acquisition agreement with Crescent Biopharma, backed by a $200 million investment commitment from investors including Fairmount, Venrock Healthcare Capital, and BVF Partners. 

The combined company will operate under the Crescent Biopharma name. Retail sentiment on Stocktwits skyrocketed, shifting to “extremely bullish” (97/100) from “neutral” on Monday.

Canaan Inc. ($CAN)

Shares of Canaan Inc., a company focused on Bitcoin mining technology, surged nearly 20% to a three-month high on Tuesday as Bitcoin’s price reached a peak of $72,338 — its highest level since April. 

This Bitcoin surge fueled significant retail interest, causing Canaan’s Stocktwits sentiment score to jump to “extremely bullish” (97/100) from a previous “bearish” outlook.

PayPal Holdings Inc. ($PYPL)

Despite a 3% dip following its Q3 earnings report on Tuesday, which missed revenue expectations, PayPal saw a wave of retail optimism. The earnings report did exceed profit expectations, and management’s optimistic outlook reassured many investors, lifting Stocktwits sentiment to ‘extremely bullish’ (96/100). 

The divergence between sentiment and price suggests retail investors are focusing on PayPal’s long-term potential over short-term volatility.

For updates and corrections, email newsroom@stocktwits.com

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