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Equity Actions

ALEC

Alector, Inc. (ALEC) announced the pricing of a $75 million public offering, which includes 10,869,566 shares of common stock. This has led to a decrease in the trading price of Alector's shares.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 3:21 pm

BCEL

DATS

LQR

MIMO

PHUN

TSP

U.S. stocks traded lower with the Nasdaq Composite dropping over 200 points. Utilities shares rose slightly, while communication services shares fell by 1.6%. U.S. retail sales increased by 0.6% in December. Airspan Networks (MIMO) surged 300% due to a new partnership, LQR House (LQR) rose 23% after increasing its share buyback program, and Atreca (BCEL) gained 22%. Conversely, TuSimple Holdings (TSP) announced its intention to delist from Nasdaq, causing a 53% drop. Phunware (PHUN) and DatChat (DATS) fell 44% and 39%, respectively, after announcing pricing of their offerings.

Portfolio Pulse from Avi Kapoor

January 17, 2024 | 3:20 pm

INTU

Intuit Inc. (NYSE:INTU) has seen a decrease in short interest, with the short percent of float falling 7.74% since the last report. The company has 4.24 million shares sold short, which is 1.55% of available shares for trading. The current short interest is lower than the peer group average of 3.16%. While a decline in short interest can indicate a more bullish sentiment, it does not necessarily predict a near-term rise in stock price.

Portfolio Pulse from Benzinga Insights

January 17, 2024 | 3:15 pm

BXMT

Muddy Waters Research has responded to a post regarding their analysis of Blackstone Mortgage Trust's (BXMT) rent calculations. The response highlights the criticism Muddy Waters faced for examining 'as-is' versus 'stabilized' rents in BXMT's financials, as discussed in a podcast with 'KC an Old Time REITster' and Carson Block.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 3:03 pm

PSFE

Paysafe (NYSE:PSFE) has received mixed ratings from 4 analysts in the last three months, with the latest sentiment being bullish. The average 12-month price target is $14.18, down 5.15% from the previous $14.95. Analysts from BTIG, B of A Securities, Susquehanna, and UBS have provided ratings ranging from 'Buy' to 'Sell' with corresponding price targets. Paysafe's financials show a lower market cap compared to industry averages, a revenue growth of 8.31%, a net margin of -0.64%, an ROE of -0.29%, an ROA of -0.05%, and a high debt-to-equity ratio of 2.9.

Portfolio Pulse from Benzinga Insights

January 17, 2024 | 3:00 pm

O

Realty Income's (NYSE:O) short interest has decreased by 21.66% since the last report, with 21.14 million shares sold short, representing 3.4% of available shares. It would take about 3.57 days to cover all short positions. A decrease in short interest can indicate a more bullish sentiment towards the stock. Realty Income has a lower short interest compared to its peer group average of 5.16%.

Portfolio Pulse from Benzinga Insights

January 17, 2024 | 2:45 pm

IEMG

INDA

VWO

The iShares MSCI India ETF (INDA) has outperformed its BRICS counterparts with a 16.3% gain over the past year. Ray Dalio, at Davos, praised India's economic position, comparing it to China's pivotal moment in 1980. Dalio's Bridgewater Associates has significant investments in emerging markets, particularly in India, through ETFs like IEMG and VWO. Despite high valuations, Dalio recommends cautious investment in Indian markets, citing low debt levels and effective leadership under Prime Minister Modi. Other ETFs providing exposure to Indian equity include EPI, NFTY, INDY, and INQQ.

Portfolio Pulse from Surbhi Jain

January 17, 2024 | 2:43 pm

JAMF

Jamf (NASDAQ:JAMF) starts 2024 as the sole provider of a combined management and security platform for Apple's ecosystem. It offers a solution that consolidates multiple tools, saving resources for organizations. Jamf's customer base includes top companies and institutions, and its security solutions contribute to 21% of its total ARR. The company has enhanced its products, including Jamf Pro 11 and Jamf Protect, and has integrated with major platforms like Google Chronicle and Microsoft Sentinel. Jamf also focuses on Zero Trust Network Access, Single Sign-On, and education solutions like Jamf Safe Internet. It has been recognized for its workplace environment and is committed to diversity and ESG initiatives.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 2:25 pm

DATS

DatChat Inc (NASDAQ:DATS) shares dropped after announcing a $1.8 million public offering priced at $1.85 per share. The offering includes an option for underwriters to buy additional shares and is expected to close on Jan. 19. This follows a 51% surge in DATS shares after a corporate update and plans to split DatChat and SmarterVerse into two entities. The stock was trading down 38.7% at $1.95.

Portfolio Pulse from Adam Eckert

January 17, 2024 | 2:24 pm

BLK

BlackRock (NYSE:BLK) has seen a decrease in short interest, with the short percent of float dropping 4.79% since the last report. The company has 2.05 million shares sold short, which is 1.39% of available shares for trading. The current short interest is below the peer group average of 2.78%. While a decline in short interest can indicate a more bullish sentiment, it does not necessarily predict a near-term rise in stock price.

Portfolio Pulse from Benzinga Insights

January 17, 2024 | 2:15 pm