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HAL

During a conference call, Halliburton announced its intention to repurchase more shares in dollar terms in 2024 than it did in 2023. This indicates a bullish stance on the company's financial health and a commitment to returning value to shareholders.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 2:48 pm

AEHR

Aehr Test Systems (NYSE:AEHR) has seen an 11.7% increase in short interest since its last report, with 6.16 million shares sold short, representing 22.53% of its float. It would take about 7.88 days to cover all short positions. While high short interest can indicate bearish sentiment, it doesn't necessarily predict a price drop. AEHR's short interest is higher than its peer group average of 5.79%.

Portfolio Pulse from Benzinga Insights

January 23, 2024 | 2:45 pm

QS

QuantumScape (NYSE:QS) has seen a 3.03% increase in short interest since its last report, with 56.03 million shares sold short, representing 16.0% of its float. It would take about 10.7 days to cover all short positions. High short interest can indicate bearish market sentiment but doesn't necessarily predict a price drop. QuantumScape's short interest is higher than its peer group average of 7.26%.

Portfolio Pulse from Benzinga Insights

January 23, 2024 | 2:45 pm

NIO

NIO Inc (NYSE:NIO) shares are trading higher due to reports of China considering a 2 trillion yuan stock market rescue package. The measures aim to stabilize the market, with funds mainly from offshore accounts of state-owned enterprises and local funds for onshore shares. This follows recent lows in China's CSI 300 Index and NIO's 52-week lows last week. NIO faces competition, with Tesla cutting prices in China, but shares were up 6.69% at $6.38 at the time of publication.

Portfolio Pulse from Adam Eckert

January 23, 2024 | 2:30 pm

SYT

SYLA Technologies Co., Ltd. (NASDAQ:SYT) has entered into a Capital and Business Alliance Agreement with RIBERESUTE CORPORATION, a Japan-based developer and seller of family-type condominiums. SYLA acquired 20.39% of RIBERESUTE's shares, enhancing both companies' real estate market presence and aiming to contribute to solving social issues through their combined resources. The alliance includes various strategies such as product complementarity, geographic expansion, and digital transformation.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 2:13 pm

REVB

Revelation Biosciences Inc. has announced a 1-for-30 reverse stock split, which is set to take effect on January 25, 2024. This corporate action is typically undertaken by companies aiming to boost their share price by reducing the number of shares outstanding, which can also help them meet minimum share price requirements set by stock exchanges.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 2:09 pm

HSII

Heidrick & Struggles International, a premier provider of executive search, leadership assessment, and development services, has announced the appointment of Thomas Monahan as its new CEO. Additionally, Tom Murray will take on the role of President. These leadership changes are expected to guide the company through its next phase of growth and development.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 2:06 pm

PLAB

Photronics, Inc. (NASDAQ:PLAB) announced the retirement of CFO John Jordan, effective February 23, 2024. Jordan has been with the company since 2017 and contributed to its global expansion and capital allocation strategy. Eric Rivera, with the company since 2016 and currently the chief accounting officer, will serve as interim CFO upon Jordan's retirement. Rivera has extensive experience in accounting and financial reporting, including previous roles at IBM and Thompson Reuters.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 2:01 pm

BL

Five analysts have recently updated their ratings on BlackLine (NASDAQ:BL), with a mix of bullish to bearish sentiments. The average 12-month price target is now $62.6, up from $56.67, with a high estimate of $81.00 and a low of $53.00. Analyst actions include adjustments to ratings and price targets, reflecting changes in market dynamics and company performance. BlackLine, a SaaS provider for financial accounting solutions, shows strong financial health with a 12.24% revenue growth rate, a net margin of 7.91%, and an ROE of 6.08%, but faces challenges with a high debt-to-equity ratio of 6.54.

Portfolio Pulse from Benzinga Insights

January 23, 2024 | 2:00 pm

ZION

Zions Bancorp (NASDAQ:ZION) received mixed analyst ratings over the last three months, with 9 analysts offering diverse opinions. The average 12-month price target is $43.33, up from the previous $37.67. Analysts from firms including Wedbush, Truist Securities, Barclays, Goldman Sachs, Baird, Wells Fargo, and Citigroup have provided updates, with some raising and others maintaining their price targets. Zions Bancorp is a regional U.S. bank with a market cap below industry average, a recent revenue decline of -7.61%, a net margin of 21.83%, an exceptional ROE of 3.44%, a below-average ROA of 0.19%, and a conservative debt-to-equity ratio of 0.11.

Portfolio Pulse from Benzinga Insights

January 23, 2024 | 2:00 pm