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Equity Actions

MMAT

Meta Materials Inc. (MMAT) announced a 1-for-100 reverse stock split effective January 29, 2024, to regain compliance with Nasdaq's minimum share price requirement. The split will reduce outstanding shares from 564 million to approximately 5.64 million and authorized shares from 1 billion to 10 million. The stock will trade under the same symbol with a new CUSIP number.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 9:03 pm

MNR

Mach Natural Resources (NYSE:MNR) has received 4 analyst ratings in the last three months, all bullish, with a recent average price target of $28.25, down from $30.50. Derrick Whitfield of Stifel lowered his price target twice, while John Freeman of Raymond James announced a strong buy with a $23.00 target. MNR has seen a revenue decline of -40.7% as of September 30, 2023, but boasts a high net margin of 47.6%, an ROE of 9.21%, and an ROA of 6.71%, with a low debt-to-equity ratio of 0.14.

Portfolio Pulse from Benzinga Insights

January 23, 2024 | 9:00 pm

DG

Dollar General's (NYSE:DG) short interest has increased to 6.83 million shares, or 3.12% of float, with a days-to-cover ratio of 3.01. This rise in short interest may indicate a bearish market sentiment towards DG, although it does not necessarily predict a price drop. DG's short interest is below its peer group average of 4.09%. The change in short interest can be a useful indicator for traders and investors to gauge market sentiment.

Portfolio Pulse from Benzinga Insights

January 23, 2024 | 8:45 pm

AHG

Akso Health Group (NYSE:AHG) has seen a 15.79% increase in short interest since its last report, with 45 thousand shares sold short, representing 0.22% of its float. The short interest is below the peer group average of 4.95%. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price decline.

Portfolio Pulse from Benzinga Insights

January 23, 2024 | 8:45 pm

Z

Zillow Group (NYSE:Z) has seen a 15.84% decrease in short interest since the last report, with 15.68 million shares sold short, representing 10.31% of available shares. The average time to cover these short positions is 3.77 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. Zillow has a higher short interest than its peer group average of 6.85%. Short interest is a key indicator of market sentiment and changes in short interest can have implications for stock performance.

Portfolio Pulse from Benzinga Insights

January 23, 2024 | 8:45 pm

BNED

Bernard Selz has reported a 6.09% stake in Barnes & Noble Education (BNED) as of December 31, 2023, according to a 13G filing with the SEC.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 8:43 pm

BABA

MCHI

SPY

Alibaba Group Holding (NYSE:BABA) shares surged over 7% after co-founders Jack Ma and Joe Tsai bought shares worth hundreds of millions. Blue Pool Capital acquired around two million Alibaba ADRs worth $152 million, while Ma bought $50 million in Hong Kong. The purchases occurred before China announced market support measures. The iShares MSCI China ETF (NYSE:MCHI) rallied over 3% after the news, despite a previous downtrend. The SPDR S&P 500 ETF (NYSE:SPY) was up 19% in 2023, contrasting with MCHI's decline. Alibaba's future hinges on China's market confidence and regulatory dynamics with the U.S.

Portfolio Pulse from Neil Dennis

January 23, 2024 | 8:32 pm

CHRD

Chord Energy (NASDAQ:CHRD) was analyzed by 6 financial analysts, showing a mix of bullish sentiments with no bearish or indifferent ratings. The average 12-month price target is $187.83, down from $192.75. Analysts from firms like Stifel, Mizuho, RBC Capital, Piper Sandler, and Wells Fargo have provided various ratings and price target adjustments. Chord Energy, an independent exploration and production company, has seen a -5.51% revenue decline as of September 30, 2023, a below-average net margin of 18.54%, and an ROE of 4.27%, but an impressive ROA of 3.09% and a low debt-to-equity ratio of 0.11.

Portfolio Pulse from Benzinga Insights

January 23, 2024 | 8:01 pm

EOG

In the past three months, 14 analysts have provided varied opinions on EOG Resources (NYSE:EOG), with recent ratings showing a mix of bullish and indifferent stances. The average 12-month price target is now $149.36, down from $155.31, with individual analyst actions including both lowered and raised price targets. EOG Resources, an oil and gas producer, reported a -19.54% decline in revenue growth as of September 30, 2023, but has strong financial performance indicators such as a high net margin of 33.21% and ROE of 7.52%. The company's debt-to-equity ratio is also below industry average, indicating a healthy balance between debt and equity.

Portfolio Pulse from Benzinga Insights

January 23, 2024 | 8:00 pm

PXD

Pioneer Natural Resources (NYSE:PXD) has received mixed analyst ratings over the last three months, with 7 analysts offering opinions ranging from bullish to bearish. The average 12-month price target has been lowered to $252.86 from $267.00, with individual analysts from firms like Stifel, Mizuho, UBS, Truist Securities, and Susquehanna adjusting their targets and ratings. Pioneer Natural Resources, an oil and gas company with significant operations in the Permian Basin, has seen a -15.12% decline in revenue growth as of September 30, 2023, but maintains a strong net margin of 25.25% and an impressive ROA of 3.61%, despite a lower than average ROE of 5.81% and a sound debt-to-equity ratio of 0.23.

Portfolio Pulse from Benzinga Insights

January 23, 2024 | 8:00 pm