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RUSSELL 2000 |
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Mid-Cap / Micro-Cap Top Movers
of the Week
This week’s Russell board mixed reverse-split chaos, cloud storage, chip equipment, and one spectrum sleeper.
$ATEX ( ▼ 0.6% ) : Anterix, jumped 19 spots to #4 and earned top-dawg status: The FCC expanded its 900 MHz broadband allocation from 6 MHz to 10 MHz, while fiscal 2026 spectrum agreements reached $23.9M. The stock fell -1% this week, and sentiment sits at 34%. Risk: Utility deal timing remains lumpy.
$FFAI ( ▲ 10.84% ) : Faraday Future, new at #1 from off-list: The EV moonshot remained up +481% this year despite falling -9% after its July 24 1-for-150 reverse split. Its 26,700 watchers are sticking around, but sentiment sits at 40%. Risk: An Aug. 12 shareholder vote could authorize substantial additional dilution.
$BLZE ( ▲ 8.63% ) : Backblaze, new at #18 from off-list: The cloud-storage name jumped +18% before Monday’s earnings. B2 Cloud Storage revenue grew 24% last quarter, and full-year guidance calls for $161.5M to $163.5M. Risk: Computer Backup revenue was flat, adjusted free cash flow remained negative, and the rally raised the bar.
$ICHR ( ▲ 0.4% ) : Ichor, jumped 12 spots to #6: The semiconductor-equipment supplier climbed the rankings despite falling -13% before Monday’s report. That is broken price momentum with earnings risk attached. Risk:Lam Research and Applied Materials produced 76% of 2025 sales, leaving the outlook exposed to two customers.
$AEHR ( ▲ 4.05% ) : Aehr Test Systems, climbed three spots to #7: Shares gained +5% after fiscal fourth-quarter results showed $18.8M in revenue, $0.11 adjusted EPS, and a $100M effective backlog. Risk: The $130M to $150M fiscal 2027 revenue forecast needs that backlog to convert while WaferPak demand remains soft.
Next week’s swing factor: Backblaze and Ichor both report Monday, Aug. 3. Their guidance will test the cloud-storage and semiconductor-equipment legs of this list.