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Equity Actions

PATH

UiPath's (NYSE:PATH) short interest has decreased by 23.89% since the last report, with 18.84 million shares sold short, representing 4.78% of its float. This decrease in short interest could indicate a more bullish sentiment towards the stock among investors. UiPath has a higher short interest compared to its peers, with an average of 4.04% in its peer group.

Portfolio Pulse from Benzinga Insights

February 28, 2024 | 5:30 pm

PAYC

Kari Firestone announced on CNBC that she is adding to her position in Paycom Software, indicating a positive outlook on the company.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 5:26 pm

EBAY

eBay's shares surged following the announcement of its Q4 financial results, which exceeded expectations. Additionally, the company has authorized a new stock repurchase program.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 5:21 pm

ABSI

Absci Corp announced a public offering of 16.7 million shares at $4.50 each, causing its stock to trade lower.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 5:09 pm

BMBL

In the past three months, 6 analysts have provided varied ratings for Bumble (NASDAQ:BMBL), with a shift towards more positive ratings in the last 30 days. The average 12-month price target is now $16.58, down 4.6% from the previous $17.38. Analysts have adjusted their ratings and price targets in response to market dynamics and Bumble's performance, indicating a nuanced view of its potential. Bumble's financials show strong revenue growth and net margin but below-average ROE and ROA, with a conservative debt management approach.

Portfolio Pulse from Benzinga Insights

February 28, 2024 | 5:00 pm

TJX

TJX Companies, Inc. (NYSE:TJX) reported Q4 FY24 sales of $16.41 billion, surpassing analyst expectations and marking a 13% year-over-year increase. The company achieved a milestone with over $50 billion in annual sales. Adjusted EPS was $1.12, in line with forecasts. Net income for the quarter was $1.4 billion, with a 37% increase in diluted EPS compared to the previous year. Comparable store sales rose by 5%, and the gross profit margin increased by 370 basis points. TJX announced a stock repurchase plan of $2.0 to $2.5 billion and a 13% dividend increase. The company's FY25 EPS outlook is slightly below estimates.

Portfolio Pulse from Nabaparna Bhattacharya

February 28, 2024 | 4:55 pm

MAT

Despite the success of 'Barbie', Mattel's stock performance has been lackluster, attracting activist investor Barington Capital Group's attention. Barington is pushing for changes, including $2 billion in stock buybacks, and the potential sale of the American Girl and Fisher-Price brands. Mattel's stock has underperformed the S&P 500 by over 20% in the two years before Barington's campaign. Despite a 7% rise in February, challenges remain with declining annual net income and soft toy industry sales. Mattel plans to focus on profit growth and new product introductions in the coming year.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 4:50 pm

GE

Market whales have shown a bearish stance on General Electric (NYSE:GE) through significant options trading activity. Benzinga's options scanner revealed 37 unusual trades, with a sentiment split of 21% bullish and 78% bearish. Notable trades include both puts and calls with a predicted price range for GE between $140.0 and $170.0 over the next three months. The volume and open interest trends in GE's options indicate a high level of activity and interest in these price levels. GE's current stock price is $154.07, with potential indicators of being overbought.

Portfolio Pulse from Benzinga Insights

February 28, 2024 | 4:45 pm

BUYW

INTL

QQQ

SECT

SMH

TMAT

The trend of mutual funds converting into ETFs is expected to continue in 2024, driven by the popularity and advantages of ETFs, such as ease of access, transparency, and tax efficiency. Main Management, led by Darol Ryan, focuses on ETFs-of-ETFs, with its Main Sector Rotation ETF (SECT) closely tracking the S&P 500's performance. SECT's success is attributed to its investments in high-performing sectors like technology and health care, with significant holdings in the Invesco QQQ Trust (QQQ) and the VanEck Semiconductor ETF (SMH). Main Management also offers the Main Thematic Innovation ETF (TMAT), the Main International ETF (INTL), and the Main BuyWrite ETF (BUYW), each targeting different investment strategies.

Portfolio Pulse from Neil Dennis

February 28, 2024 | 4:44 pm

MELI

Recent options trading activity for MercadoLibre (NASDAQ:MELI) shows a predominantly bearish sentiment among investors, with 81% of trades being bearish. The trading volume and open interest suggest a price target range of $1300 to $2100. MercadoLibre, a leading e-commerce platform in Latin America, has seen its stock price slightly decrease by -0.34%, with an RSI indicating it may be approaching oversold territory. Analysts from JP Morgan, Barclays, Wedbush, and Susquehanna have given the stock positive ratings, with an average target price of $2037.5.

Portfolio Pulse from Benzinga Insights

February 28, 2024 | 4:31 pm