Streetbeat News

Equity Actions

WNS

WNS (Hldgs)'s (NYSE:WNS) short interest has decreased by 14.2%, with 592 thousand shares sold short, representing 1.45% of its float. This decline in short interest, which now requires 3.51 days on average to cover, could indicate a more bullish sentiment towards WNS compared to its peers, where the average short interest as a percentage of float is 4.31%.

Portfolio Pulse from Benzinga Insights

February 02, 2024 | 3:15 pm

MTSI

MACOM Technology Solutions (NASDAQ:MTSI) has received mixed analyst ratings over the last three months, with a shift towards more bullish perspectives in recent evaluations. The average 12-month price target for MTSI has been raised to $94.83, indicating a 10.91% increase from the previous target of $85.50. Analysts from firms like Needham, Barclays, and Piper Sandler have adjusted their ratings and price targets, reflecting changes in market dynamics and company performance. Despite these optimistic analyst ratings, MACOM faces challenges such as lower market capitalization, revenue decline of -15.59% as of September 30, 2023, below-average net margin, ROE, ROA, and a high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

February 02, 2024 | 3:00 pm

VUZI

Vuzix Corporation (NYSE:VUZI) has seen a 4.49% increase in its short percent of float since the last report, reaching 20.48% of all shares available for trading. With 10.68 million shares sold short, it would take approximately 16.67 days for traders to cover their short positions. This rise in short interest indicates a more bearish market sentiment towards VUZI, although it doesn't necessarily predict a near-term price drop. Compared to its peers, VUZI has a significantly higher short interest, with the peer group average at 3.67%.

Portfolio Pulse from Benzinga Insights

February 02, 2024 | 2:30 pm

CING

Cingulate has announced the pricing of its public offering, aiming to raise $7.5 million through the sale of 3.750 million shares at a price of $2.00 per share.

Portfolio Pulse from Benzinga Newsdesk

February 02, 2024 | 2:23 pm

FANH

Singapore White Group has announced an investment of up to $500 million in Fanhua Inc. (FANH), a leading Chinese insurance services provider. This significant financial injection aims to bolster Fanhua's market position and expand its service offerings.

Portfolio Pulse from Benzinga Newsdesk

February 02, 2024 | 1:52 pm

AMD

AVGO

META

MSFT

NFLX

NVDA

TSLA

TSM

The stock market has transitioned from the FAANG era (Facebook/Meta, Apple, Amazon, Netflix, Google/Alphabet) to the Mag7 (Tesla, NVIDIA, Apple, Google, Meta, Amazon, Microsoft) and now to the AI5 era, focusing on top AI stocks (Microsoft, TSMC, Broadcom, Nvidia, AMD). Each era reflects the changing dynamics and technological advancements in the industry, with AI5 highlighting companies at the forefront of artificial intelligence development.

Portfolio Pulse from Surbhi Jain

February 02, 2024 | 1:50 pm

FANH

PUYI

Singapore White Group Pte. Ltd. has entered into a framework agreement with Puyi and Fanhua Inc., planning to invest up to $500 million in each company. This significant investment aims to bolster both companies' financial positions and strategic initiatives.

Portfolio Pulse from Benzinga Newsdesk

February 02, 2024 | 1:49 pm

TSLA

A Delaware court has voided Elon Musk's $56 billion compensation plan at Tesla Inc. (NASDAQ:TSLA), prompting activist investors to push for corporate governance reforms. These reforms aim to reduce Musk's influence by advocating for changes such as director term lengths and voting thresholds for new bylaws. The ruling has sparked discussions about Tesla's future governance and compensation practices.

Portfolio Pulse from Benzinga Neuro

February 02, 2024 | 1:41 pm

FANG

META

PYPL

SNAP

TSM

UBER

On CNBC's 'Halftime Report Final Trades,' experts highlighted their picks ahead of tech earnings. Josh Brown focused on Uber Technologies, anticipating its results. Bryn Talkington recommended Diamondback Energy, noting a recent analyst adjustment. Steve Weiss favored Taiwan Semiconductor Manufacturing, mentioning its expansion plans. Sarat Sethi chose Meta Platforms, highlighting its strong quarterly results and financial moves. The article also provided recent price actions for these companies and others mentioned.

Portfolio Pulse from Avi Kapoor

February 02, 2024 | 1:39 pm

AMZN

META

TEAM

Meta and Amazon shares surged following better-than-expected Q4 financial results, with Meta also initiating a dividend and increasing its share repurchase authorization. Atlassian shares fell after reporting Q2 results.

Portfolio Pulse from ryanfaloona@benzinga.com

February 02, 2024 | 1:37 pm