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ADN

Advent Technologies' stock is trading lower following the announcement of a $2 million registered direct offering of common stock, which typically dilutes existing shareholders' equity.

Portfolio Pulse from Benzinga Newsdesk

December 22, 2023 | 3:41 pm

EQNR

Equinor ASA (NYSE:EQNR) has transferred its assets in Azerbaijan to SOCAR, including interests in the Azeri Chirag Gunashli oil fields, the Baku-Tbilisi-Ceyhan pipeline, and the Karabagh field. This strategic move aligns with Equinor's plan to reshape its international oil and gas business and focus its portfolio. The companies also signed an MoU for low carbon solutions. EQNR shares rose by 1.03% to $31.92 following the news.

Portfolio Pulse from Akanksha Bakshi

December 22, 2023 | 3:34 pm

JD

JD.com Inc. (NASDAQ:JD) experienced a 1.97% decrease in the current session, trading at $27.43. The stock has seen a decline of 3.96% over the past month and 53.03% over the past year. Investors are examining the company's P/E ratio, which at 13.26 is lower than the Broadline Retail industry average of 31.93. This could indicate that JD.com is undervalued or may have weaker growth prospects compared to its industry peers.

Portfolio Pulse from Benzinga Insights

December 22, 2023 | 3:30 pm

ADN

Advent Technologies Holdings Inc (NASDAQ:ADN) shares dropped 33% to a new all-time low of $0.21 after announcing a registered direct offering of 10 million shares at $0.20 each, aiming to raise $2 million. The offering targets institutional and accredited investors and is expected to close by December 27, with Joseph Gunnar & Co., LLC as the exclusive placement agent. ADN's 52-week range is now $0.20 to $2.09.

Portfolio Pulse from Henry Khederian

December 22, 2023 | 3:28 pm

ALL

Allstate Corporation's (NYSE:ALL) short interest has decreased by 11.38% since the last report, with 2.84 million shares sold short, representing 1.09% of available shares. The average time to cover these short positions is 2.22 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. Compared to its peers, Allstate has a lower short interest percentage of float, with the peer group average at 1.77%.

Portfolio Pulse from Benzinga Insights

December 22, 2023 | 3:15 pm

C

Citigroup (NYSE:C) has seen a 5.78% decrease in short interest since its last report, with 31.19 million shares sold short, representing 1.63% of its float. The average time to cover these short positions is 2.25 days. A decrease in short interest can indicate a more bullish sentiment towards the stock, although it does not guarantee a price rise. Citigroup has a higher short interest than its peer group average of 0.75%.

Portfolio Pulse from Benzinga Insights

December 22, 2023 | 3:15 pm

EW

Analysts have provided diverse perspectives on Edwards Lifesciences (NYSE:EW), with 14 ratings in the last three months. The average 12-month price target is now $78.5, down 11.62% from the previous $88.82. Analysts have adjusted their ratings and price targets, reflecting changes in market conditions and company performance. Edwards Lifesciences, known for its medical devices for structural heart disease, has shown a revenue growth of 12.27% and strong financial health with high net margin and ROE. However, its revenue growth lags behind industry peers.

Portfolio Pulse from Benzinga Insights

December 22, 2023 | 3:01 pm

ROST

Ross Stores (NASDAQ:ROST) received mixed ratings from 8 financial analysts, with an average 12-month price target of $138.12, up from $132.60. Analysts from firms like Wells Fargo, BMO Capital, Morgan Stanley, Telsey Advisory Group, Evercore ISI Group, and Gordon Haskett have raised their price targets, reflecting a positive outlook on the company's performance. Ross Stores has shown solid revenue growth, exceptional net margin, and impressive ROE and ROA, with a prudent approach to debt management.

Portfolio Pulse from Benzinga Insights

December 22, 2023 | 3:01 pm

VSCO

Victoria's Secret (NYSE:VSCO) has received mixed analyst ratings over the past three months, with the majority being indifferent. The average 12-month price target for VSCO has increased by 17.35% to $23.00, with a high estimate of $29.00 and a low of $16.00. Analysts from firms like Wells Fargo, Morgan Stanley, Telsey Advisory Group, BMO Capital, and Evercore ISI Group have updated their ratings and price targets, reflecting their views on the company's market performance. Victoria's Secret's financial performance shows a market cap below industry average, a revenue decline of -4.02%, low net margin, ROE, and ROA, and a high debt-to-equity ratio, indicating potential challenges ahead.

Portfolio Pulse from Benzinga Insights

December 22, 2023 | 3:01 pm

CYCC

Cyclacel Pharmaceuticals Inc (NASDAQ:CYCC) shares dropped 26.9% after announcing a registered direct offering of 388,200 shares at $3.315 each, and a concurrent private placement to management. Warrants are also being issued, exercisable at $3.19 for seven years. Ladenburg Thalmann & Co. Inc. is managing the offering, which aims to raise about $1.3 million for general corporate purposes. The offering is expected to close on December 26, subject to standard conditions.

Portfolio Pulse from Henry Khederian

December 22, 2023 | 2:36 pm