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SLGC

Madryn Asset Management has sent a letter to Institutional Shareholder Services expressing concerns over the proposed merger between SomaLogic and Standard Biotools. Madryn argues that the current merger terms undervalue SomaLogic's assets, offering no premium and effectively discounting the company's cash position. The letter also points out potential conflicts of interest, as hedge fund manager Eli Casdin is a director of both companies. Madryn emphasizes that SomaLogic, with over $450 million in cash and clear value catalysts, does not need a rushed merger that would disadvantage its common shareholders.

Portfolio Pulse from Benzinga Newsdesk

December 26, 2023 | 6:10 am

PLTR

Palantir Technologies Inc. (NYSE:PLTR) shares dropped by 1.14% to $17.39, with a monthly decline of 11.67% but a yearly increase of 190.17%. The company's P/E ratio of 251.29 is significantly higher than the Software industry average of 144.45, which could suggest overvaluation or higher performance expectations.

Portfolio Pulse from Benzinga Insights

December 25, 2023 | 8:45 pm

DE

Deere & Company's (NYSE:DE) short interest has decreased by 17.59% since the last report, with 2.55 million shares sold short, representing 0.89% of available shares. The average time to cover these short positions is 1.09 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. Deere's short interest is below its peer group average of 2.97%. Short interest levels can serve as a market sentiment indicator, but a decline does not necessarily predict a near-term rise in stock price.

Portfolio Pulse from Benzinga Insights

December 25, 2023 | 8:15 pm

AIG

American Intl Gr (NYSE:AIG) has seen a 4.0% decrease in short interest, with 6.02 million shares sold short, representing 0.96% of available shares. The short interest is below the peer group average of 1.83%. 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 25, 2023 | 8:15 pm

VMC

Vulcan Materials (NYSE:VMC) has seen a rise in short interest, now at 2.27 million shares or 1.92% of float, higher than its peers' average of 1.30%. This indicates increased bearish sentiment, although it doesn't necessarily predict a price drop. It would take 3.55 days to cover short positions based on current trading volume.

Portfolio Pulse from Benzinga Insights

December 25, 2023 | 8:15 pm

CTSH

Cognizant Technology Solutions (NYSE: CTSH) has seen a 34.67% increase in short interest since the last report, with 8.94 million shares sold short, representing 2.02% of available shares. It would take about 2.75 days to cover all short positions. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a price drop. CTSH's short interest is slightly below its peer group average of 2.17%.

Portfolio Pulse from Benzinga Insights

December 25, 2023 | 8:00 pm

STZ

Constellation Brands (NYSE:STZ) has seen a 3.95% increase in short interest since the last report, with 1.39 million shares sold short, representing 0.79% of available shares. It would take about 1.36 days to cover all short positions. While an increase in short interest can indicate bearish sentiment, STZ has less short interest compared to its peers' average of 4.40%. The rise in short interest doesn't necessarily predict a near-term price drop.

Portfolio Pulse from Benzinga Insights

December 25, 2023 | 8:00 pm

MA

Mastercard Inc. (NYSE:MA) stock has seen a 0.25% increase in the current session, trading at $424.50. Over the past month and year, the stock has risen by 3.69% and 22.52%, respectively. Investors are examining the P/E ratio, which for Mastercard is 36.92, slightly higher than the Financial Services industry average of 36.42. This could suggest that Mastercard is expected to perform well in the future or that it may be overvalued.

Portfolio Pulse from Benzinga Insights

December 25, 2023 | 7:45 pm

DDOG

Datadog (NYSE:DDOG) has seen a 17.38% increase in short interest since the last report, with 10.71 million shares sold short, representing 3.85% of available shares. It would take about 3.43 days to cover all short positions. While an increase in short interest can indicate bearish sentiment, it doesn't necessarily predict a price drop. Datadog's short interest is higher than its peer group average of 3.23%.

Portfolio Pulse from Benzinga Insights

December 25, 2023 | 7:15 pm

NVO

Novo Nordisk's (NYSE:NVO) short interest has decreased by 5.71% since the last report, with 5.60 million shares sold short, representing 0.33% of available shares. The average time to cover these short positions is 1.4 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. Novo Nordisk has a lower short interest compared to its peer group average of 4.37%.

Portfolio Pulse from Benzinga Insights

December 25, 2023 | 6:45 pm