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PRSR

PRSRU

PRSRW

Prospector Capital Corp. (PRSR, PRSRU, PRSRW) has announced a new record and distribution date of December 21, 2023, for the issuance of dividend shares in connection with its proposed business combination with LeddarTech Inc. and LeddarTech Holdings Inc. The dividend will be distributed to holders of Class A ordinary shares and units of Prospector that were not redeemed. The issuance is contingent upon the completion of the business combination, which is subject to customary closing conditions and was approved by shareholders on December 13, 2023.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 5:53 pm

CHT

Chunghwa Telecom (NYSE:CHT) has seen a 20% decrease in short interest since its last report, with 289 thousand shares sold short, representing 0.04% of its float. The average time to cover these short positions is 2.72 days. Short interest is a market sentiment indicator, and a decrease suggests investors may be more bullish on CHT. Compared to its peers, CHT has a lower short interest as a percentage of float, which is 2.21% on average.

Portfolio Pulse from Benzinga Insights

December 20, 2023 | 5:47 pm

NVS

Novartis (NYSE:NVS) has seen a 10.53% decrease in short interest since its last report, with 3.40 million shares sold short, representing 0.17% of its float. The average time to cover these short positions is 2.07 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. Novartis has a lower short interest compared to its peer group average of 4.38%.

Portfolio Pulse from Benzinga Insights

December 20, 2023 | 5:47 pm

TNXP

Tonix Pharmaceuticals' stock is trading lower following the announcement of a registered direct offering of up to $144 million. Additionally, the company released topline results from its Phase 3 RESILIENT study for TNX-102 SL, a treatment for fibromyalgia, which may also be influencing the stock's performance.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 5:43 pm

AGRI

AgriFORCE Growing Systems' stock is trading lower following the company's filing for an offering of up to 8.72 million shares by selling stockholders.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 5:25 pm

TWLO

On CNBC, Joe Terranova revealed that he has purchased shares of Twilio (TWLO).

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 5:12 pm

TLT

The iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) has entered a bull market with a 20% rally from its October lows, driven by falling yields on 30-year bonds and a dovish Federal Reserve stance. The Fed's potential 75 basis point rate cut in 2024 and the current technical indicators suggest a favorable outlook for TLT, although the overbought RSI signals caution.

Portfolio Pulse from Piero Cingari

December 20, 2023 | 5:11 pm

AGRI

BLUE

CCO

KULR

POL

PRZO

U.S. stocks saw modest gains with the Dow Jones up 0.06%, NASDAQ up 0.23%, and S&P 500 up 0.05%. The U.S. current account deficit narrowed by 7.6% to $200.3 billion in Q3. In stock movements, Polished.com Inc. (POL) surged 65% after a shareholder called for collaborative action, ParaZero Technologies Ltd. (PRZO) jumped 77% following the completion of a safety solution for a major automotive manufacturer's drone program, and Clear Channel Outdoor Holdings, Inc. (CCO) gained 10% after appointing a new CFO and reaffirming FY23 guidance. Conversely, bluebird bio, Inc. (BLUE) plummeted 44% due to a public stock offering, KULR Technology Group, Inc. (KULR) fell 28% after pricing a public stock offering, and AgriFORCE Growing Systems Ltd. (AGRI) dropped 27% following a filing for a stock offering by selling stockholders. Oil prices increased by 1%, while gold saw a slight decline.

Portfolio Pulse from Avi Kapoor

December 20, 2023 | 5:01 pm

SUI

Sun Communities (NYSE:SUI) has been analyzed by 6 analysts in the last three months, with mixed opinions ranging from bullish to bearish. The average 12-month price target for SUI is $128.17, a slight increase from the previous $126.60. Analyst actions include maintaining, raising, and lowering ratings and price targets. Sun Communities is a residential REIT with a portfolio of 670 properties and has shown a revenue growth of 5.06% as of September 30, 2023. The company's market capitalization is above industry average, and it has strong profitability indicators such as a net margin of 16.73% and ROE of 2.1%.

Portfolio Pulse from Benzinga Insights

December 20, 2023 | 5:00 pm

CGC

TLRY

Tilray Brands, Inc. (NASDAQ:TLRY) stock is trading higher, with a more than 13% increase over the past five days. The stock is experiencing heavy trading volume, surpassing its 100-day average. Tilray's subsidiary, Breckenridge Distillery, won prestigious awards at the 2023 New York International Spirits Competition. Meanwhile, Canopy Growth Corporation (NASDAQ:CGC) underwent a reverse stock split, with shares trading on a consolidated basis. Tilray's stock is currently above its 50-day moving average but below its 52-week high.

Portfolio Pulse from Erica Kollmann

December 20, 2023 | 4:41 pm