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MAR

Henri Giscard d’Estaing, co-CEO of Fosun Tourism and president of Club Med, has resigned from the board of Fosun Tourism. Despite rumors of a potential sale of Club Med due to Fosun's debt, the company's improved financials make a sale less likely. Fosun Tourism's revenue rose 39% in the first half of 2023, and Club Med's bookings for the second half of 2023 are up 23% from the same period in 2019. The company plans to open 17 new resorts in the next three years, focusing on growth in China and Southeast Asia.

Portfolio Pulse from The Bamboo Works

January 03, 2024 | 2:13 pm

CMG

Analysts have provided mixed reviews on Chipotle Mexican Grill (NYSE:CMG) with 16 ratings over the past three months. The average 12-month price target is $2286.31, with a high of $2800.00 and a low of $1865.00, indicating a 5.11% increase from the previous target. Chipotle's financials show a revenue growth of 11.34%, a net margin of 12.67%, an ROE of 11.08%, an ROA of 4.05%, and a low debt-to-equity ratio of 1.39. The company is the largest fast-casual chain in the U.S. with $8.6 billion in sales in 2022.

Portfolio Pulse from Benzinga Insights

January 03, 2024 | 2:01 pm

ZS

Zscaler's (NYSE:ZS) short interest has decreased by 6.38% since the last report, with 5.59 million shares sold short, representing 6.16% of available shares. The average time to cover these short positions is 2.53 days. Short interest is a market sentiment indicator, and Zscaler's short interest is higher than its peer group average of 4.44%. A decline in short interest suggests that investors may be becoming more bullish on the stock.

Portfolio Pulse from Benzinga Insights

January 03, 2024 | 2:00 pm

ELV

Elevance Health (NYSE:ELV) has seen a 39.39% increase in short interest since the last report, with 2.15 million shares sold short, representing 0.92% of available shares. The short interest is below the peer group average of 3.68%. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price drop.

Portfolio Pulse from Benzinga Insights

January 03, 2024 | 1:45 pm

AREC

Novusterra, an affiliate of American Resources Corporation (AREC), has announced receiving a $6.5 million investment from the US Air Force to fund its technology. This investment is aimed at advancing Novusterra's proprietary technology, which could be significant for AREC's growth and expansion in the market.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 1:44 pm

PSTG

Pure Storage (PSTG) shares are trading higher following the announcement that the company will be included in the S&P MidCap 400 index.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 1:43 pm

NIO

NIO Inc (NYSE:NIO) shares are trading lower after announcing a repurchase right for its 0% convertible senior notes due 2026. Holders can require NIO to repurchase notes for cash from Jan. 15, 2021. The tender offer statement will be filed with the SEC, and the repurchase window is open until Jan. 31. The stock had previously risen after the launch of the ET9 sedan, new power swap stations, and a $2.2 billion investment from CYVN Investments, as well as positive macroeconomic policy news from China. However, shares trended lower after December delivery numbers were reported.

Portfolio Pulse from Adam Eckert

January 03, 2024 | 1:42 pm

DIS

Blackwells Capital LLC has notified The Walt Disney Company (NYSE:DIS) of its intention to nominate three candidates for Disney's Board of Directors at the 2024 Annual Meeting of Shareholders. Disney's current Board, known for its diversity and qualifications, is focused on long-term company performance and shareholder value. The Governance and Nominating Committee will review Blackwells' nominees and advise the Board. Disney will file preliminary materials with the SEC, including the Board's director nominees, and shareholders do not need to take action currently.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 1:34 pm

GILD

Gilead Sciences (NYSE:GILD) has seen a 6.41% increase in short interest since the last report, with 18.50 million shares sold short, representing 1.66% of available trading shares. The short interest is below the peer group average of 5.51%. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price drop.

Portfolio Pulse from Benzinga Insights

January 03, 2024 | 1:30 pm

NFLX

Netflix's (NFLX) short interest has decreased by 3.86% since the last report, with 9.65 million shares sold short, representing 2.24% of available shares. The short interest is below the peer group average of 7.45%. While a decline in short interest can indicate a more bullish sentiment, it does not necessarily predict a near-term price rise.

Portfolio Pulse from Benzinga Insights

January 03, 2024 | 1:15 pm