Streetbeat News

Equity Actions

BA

Boeing's (NYSE:BA) short interest has decreased by 11.76% since the last report, with 10 million shares sold short, representing 1.65% of available shares. The short interest is below the peer group average of 2.87%. Short interest can indicate market sentiment, and a decrease may suggest a more bullish outlook for the stock. However, this does not necessarily predict a near-term price rise.

Portfolio Pulse from Benzinga Insights

December 22, 2023 | 6:45 pm

BAC

Bank of America (NYSE:BAC) has seen a 4.12% increase in short interest since its last report, with 69.58 million shares sold short, representing 1.01% of available shares. The short interest is higher than the peer group average of 0.79%. 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

December 22, 2023 | 6:45 pm

VALE

Vale Inc. (NYSE:VALE) shares increased by 0.95% and are trading at $15.92. Over the past month, the stock rose by 5.18%, but it has decreased by 6.16% over the past year. Vale's P/E ratio of 7.51 is lower than the Metals & Mining industry average of 15.91, which could indicate that the stock is undervalued or may perform worse than its peers.

Portfolio Pulse from Benzinga Insights

December 22, 2023 | 6:30 pm

SEZL

Sezzle Inc. has announced a stock repurchase program, authorizing the buyback of up to $5 million of its shares, which has led to an increase in its share price.

Portfolio Pulse from Benzinga Newsdesk

December 22, 2023 | 6:10 pm

MULN

Mullen Automotive, Inc. (NASDAQ:MULN) shares dropped approximately 23% after a 1-for-100 reverse stock split aimed at maintaining Nasdaq listing compliance. The company also announced the production of the 100th Mullen THREE electric truck, with a total of 125 completed as of December 22, 2023. Mullen delivered 38 Class 3 Vehicles to Randy Marion Automotive Group, aligning with existing purchase orders. Speculation arises about a potential capital raise in 2024.

Portfolio Pulse from Nabaparna Bhattacharya

December 22, 2023 | 6:08 pm

USB

U.S. Bancorp Inc. (NYSE:USB) shares have risen by 0.46% in the current session and 17.27% over the past month, despite a slight decline of 0.06% over the past year. The company's P/E ratio of 12.93 is lower than the Banks industry average of 13.88, which could suggest that U.S. Bancorp is undervalued or expected to perform worse than its industry 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 22, 2023 | 6:00 pm

OXY

Occidental Petroleum Corporation's stock price is on the rise following a mention on CNBC that Berkshire Hathaway has increased its stake in the company. This news suggests a vote of confidence from a major investor, which could positively influence investor sentiment and potentially lead to a short-term increase in Occidental's stock price.

Portfolio Pulse from Benzinga Newsdesk

December 22, 2023 | 5:46 pm

BNZI

Banzai International, Inc. (NASDAQ:BNZI) has launched the Banzai Research Hub, offering free marketing data and insights to marketers. The hub aims to empower marketers with data-driven decision-making capabilities. Alongside the launch, Banzai released its first report on marketing attribution trends based on a survey of marketing professionals. The news also highlighted that Banzai's CEO, Joe Davy, purchased additional shares of Banzai stock in the open market, with a Form 4 filing to follow. BNZI shares dropped by 2.78% to $3.500 in recent trading.

Portfolio Pulse from Nabaparna Bhattacharya

December 22, 2023 | 5:26 pm

NKE

Stephanie Link, on CNBC, announced that she has sold her position in Nike.

Portfolio Pulse from Benzinga Newsdesk

December 22, 2023 | 5:07 pm

POSAF

POSaBIT Systems Corporation, operating in the cannabis fintech sector, has applied for listing on the TSX Venture Exchange. CEO Ryan Hamlin views this as a step to increase investor exposure and improve trading liquidity. The company also plans a non-brokered private placement to raise CA$870,000 to repay convertible promissory notes. Perga Capital Partners LP has committed to purchasing a significant portion of the units offered and agreed to cancel previously issued warrants. POSaBIT's shares (OTC:POSAF) fell 4.7619% to $0.2 after the announcement.

Portfolio Pulse from Jelena Martinovic

December 22, 2023 | 5:06 pm