Streetbeat News

Equity Actions

BN

Brookfield's (NYSE:BN) short interest has decreased by 4.4%, with 25.74 million shares sold short, representing 1.74% of its float. It would take about 12.36 days to cover all short positions. A decrease in short interest can indicate a more bullish sentiment towards the stock. Brookfield has less short interest compared to its peer group average of 3.31%. Short interest is a key indicator of market sentiment and can influence stock price movements.

Portfolio Pulse from Benzinga Insights

December 27, 2023 | 7:45 pm

DHI

D.R. Horton Inc. (NYSE:DHI) stock is currently priced at $150.70, experiencing a slight drop of 0.01%. Despite this, the stock has seen a significant increase of 19.17% over the past month and 69.64% over the past year. The P/E ratio, a key indicator of valuation, shows D.R. Horton with a lower P/E than the Household Durables industry average, suggesting it might be undervalued or expected to perform worse than its peers. Investors are advised to consider the P/E ratio alongside other financial metrics and qualitative analysis for a comprehensive investment decision.

Portfolio Pulse from Benzinga Insights

December 27, 2023 | 7:30 pm

BJDX

CHRS

CYTK

FWBI

HALL

IOVA

U.S. stocks traded higher, with the Dow Jones gaining around 80 points. Consumer discretionary shares led gains, while information technology shares fell. The Richmond Fed Manufacturing Index dropped to -11, the lowest in ten months. First Wave BioPharma, Cytokinetics, and Coherus BioSciences saw significant stock increases due to positive developments. Hallmark Financial Services announced its intention to delist from Nasdaq, Bluejay Diagnostics initiated a clinical study, and Iovance Biotherapeutics faced an FDA clinical hold, all leading to stock declines. Gold rose 1%, and oil prices fell slightly.

Portfolio Pulse from Avi Kapoor

December 27, 2023 | 5:27 pm

FANH

PUYI

Puyi Inc. shares have seen an uptick following the announcement that shareholders of Fanhua Inc. have entered into share exchange agreements with Puyi.

Portfolio Pulse from Benzinga Newsdesk

December 27, 2023 | 5:26 pm

HALL

Hallmark Financial Services' shares continue to trade lower following the company's announcement on December 26 about its intention to voluntarily delist from the Nasdaq.

Portfolio Pulse from Benzinga Newsdesk

December 27, 2023 | 5:15 pm

FWBI

First Wave BioPharma, Inc. (FWBI) has entered into agreements with certain warrant holders to exercise their warrants for 881,337 shares at a reduced price of $5.50 per share, resulting in gross proceeds of approximately $4.8 million. The company also issued new warrants in this private placement, which was structured as an at-market transaction under Nasdaq rules. Roth Capital Partners served as the financial advisor for the transaction.

Portfolio Pulse from Benzinga Newsdesk

December 27, 2023 | 4:57 pm

GPN

Global Payments (NYSE:GPN) has seen a 7.14% increase in short interest since its last report, with 3.86 million shares sold short, representing 1.5% of its float. It would take about 3.11 days to cover all short positions. While an increase in short interest can indicate bearish sentiment, it doesn't necessarily predict a price drop. Compared to its peers, GPN has a lower short interest as a percentage of float, which averages 6.07% among its peers.

Portfolio Pulse from Benzinga Insights

December 27, 2023 | 4:45 pm

REGN

Regeneron Pharmaceuticals (NYSE:REGN) has seen a decrease in short interest, with the short percent of float dropping 12.42% since the last report. The company has 1.23 million shares sold short, which is 1.34% of available shares for trading. The current short interest is lower than the peer group average of 5.07%. 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

December 27, 2023 | 4:45 pm

COP

ConocoPhillips (NYSE:COP) has seen a 7.29% decrease in short interest since the last report, with 10.58 million shares sold short, representing 0.89% of available shares. The average time to cover these short positions is 2.03 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. ConocoPhillips has a lower short interest compared to its peer group average of 6.10%.

Portfolio Pulse from Benzinga Insights

December 27, 2023 | 4:45 pm

WY

Weyerhaeuser Co (NYSE:WY) has entered the voluntary carbon market with its first sale of around 32,000 forest carbon credits at $29 each, from its Kibby Skinner Improved Forest Management Project in Maine. The company is developing several IFM projects across its 11-million-acre U.S. land base, with two expected to be approved in 2024. Additionally, Weyerhaeuser recently sold and purchased timberland in separate transactions totaling over $330 million. As of September 30, the company had $1.8 billion in cash and equivalents. WY shares rose 0.71% to $34.88.

Portfolio Pulse from Lekha Gupta

December 27, 2023 | 4:20 pm