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MO

Juul directors Nick Pritzker and Riaz Valani orchestrated a bailout of the vaping company in 2022. During that time, Juul's CEO and General Counsel raised internal concerns about potential conflicts of interest involving Pritzker and Valani. The Wall Street Journal reported this information citing sources familiar with the matter. Altria Group Inc. (MO), which has a stake in Juul, may be indirectly affected by these developments.

Portfolio Pulse from Charles Gross

January 02, 2024 | 10:33 am

CNHI

CNH Industrial N.V. (NYSE:CNHI) has completed the voluntary delisting of its shares from Euronext Milan. The company's shares are now exclusively listed on the New York Stock Exchange (NYSE).

Portfolio Pulse from Benzinga Newsdesk

January 02, 2024 | 10:04 am

CALM

LMDX

PALI

SPGC

WNW

Several companies are in focus heading into Tuesday with key developments: Sacks Parente Golf, Inc. (SPGC) announced the immediate resignation of its CEO, with shares dropping in after-hours trading. LumiraDx Limited (LMDX) agreed to sell its technology platform to Roche, resulting in a share price decline. Palisade Bio, Inc. (PALI) filed for a common stock offering, slightly boosting its share price. Meiwu Technology Co., Limited (WNW) reported a significant revenue surge and a decrease in net loss, leading to a share price increase. Cal-Maine Foods, Inc. (CALM) plans to acquire assets from Tyson Foods, with a slight decrease in its share price after the announcement.

Portfolio Pulse from Avi Kapoor

January 02, 2024 | 7:44 am

FBIO

FSR

The CNN Money Fear and Greed index indicates 'Extreme Greed' despite a slight decline in market sentiment. The S&P 500 surged 24.2% in 2023, marking its best streak since 2004. Fisker Inc. (FSR) shares rose 16% after a business update, while Fortress Biotech, Inc. (FBIO) shares dropped over 22% due to a direct offering announcement. The Dow Jones and Nasdaq also saw gains in 2023, with the latter recording its best year since 2020.

Portfolio Pulse from Avi Kapoor

January 02, 2024 | 7:32 am

WKEY

WISeKey's subsidiary WISe.ART AG has received an investment from The Hashgraph Association to advance authenticated digital assets and cryptocurrencies. This collaboration aims to enhance the security and authentication of digital assets, leveraging WISeKey's expertise in cybersecurity and The Hashgraph Association's blockchain technology.

Portfolio Pulse from Benzinga Newsdesk

January 02, 2024 | 6:19 am

GOEV

Canoo (NYSE:GOEV) has seen a rise in short interest, now at 17.46% of float with 121.55 million shares shorted. It would take about 4.16 days to cover all short positions. While high short interest can indicate bearish sentiment, it doesn't necessarily predict a price drop. Canoo's short interest is higher than its peer group average of 12.01%.

Portfolio Pulse from Benzinga Insights

January 01, 2024 | 8:00 pm

EXPE

Expedia Group's (NYSE:EXPE) short interest has decreased by 42.75% since the last report, with 5.38 million shares sold short, representing 4.66% of available shares. The current short interest is below the peer group average of 7.63%. 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 01, 2024 | 7:30 pm

CHRD

Chord Energy (NYSE:CHRD) has seen a decrease in short interest, with the short percent of float dropping by 5.91% since the last report. The company has 1.70 million shares sold short, representing 4.14% of available shares. The current short interest is below the peer group average of 6.37%. 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 01, 2024 | 7:30 pm

SNDL

SNDL (NYSE:SNDL) has seen a 4.9% decrease in short interest, with 12.18 million shares sold short, representing 4.66% of available shares. The short interest decline suggests a more bullish sentiment among traders, as it would take 4.27 days to cover short positions based on current volume. SNDL's short interest is below its peer group average of 10.38%, indicating less bearish sentiment compared to its peers.

Portfolio Pulse from Benzinga Insights

January 01, 2024 | 7:30 pm

FSLR

First Solar (NYSE:FSLR) has seen a 5.84% rise in short interest since its last report, with 4.42 million shares sold short, representing 5.44% of its float. The short interest is higher than the peer group average of 3.57%. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price drop. Traders would need approximately 1.38 days to cover their short positions based on current trading volume.

Portfolio Pulse from Benzinga Insights

January 01, 2024 | 6:30 pm