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Equity Actions

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

TMCI

Six analysts have recently reviewed Treace Medical Concepts (NASDAQ:TMCI), with mixed opinions. The average 12-month price target is now $17.5, down from $21.75, with a high estimate of $28.00 and a low of $11.00. Analysts from firms like Truist Securities, Morgan Stanley, Stifel, and UBS have adjusted their ratings and price targets. Treace Medical Concepts is a commercial-stage orthopaedic medical device company with a patented procedure for bunion correction. The company has shown a revenue growth rate of 23.3% as of September 30, 2023, but has a net margin of -42.99% and an ROE of -12.17%. Its debt-to-equity ratio is 0.51, below the industry average.

Portfolio Pulse from Benzinga Insights

December 22, 2023 | 5:00 pm

F

Ford Motor Company (NYSE:F) has experienced a 6.79% increase in short interest since its last report, with 148.04 million shares sold short, representing 4.09% of its float. It would take about 3.16 days to cover all short positions. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price drop. Ford's short interest is below its peer group average of 13.01%.

Portfolio Pulse from Benzinga Insights

December 22, 2023 | 5:00 pm

BKNG

Booking Holdings (NYSE:BKNG) has seen a 3.61% increase in short interest since the last report, with 698 thousand shares sold short, representing 2.01% of available shares. It would take about 3.48 days to cover all short positions. While an increase in short interest can indicate bearish sentiment, it doesn't necessarily predict a price drop. Booking Holdings has less short interest compared to its peer group average of 7.88%.

Portfolio Pulse from Benzinga Insights

December 22, 2023 | 5:00 pm

BLK

BlackRock (NYSE:BLK) has seen a 49.38% increase in short interest since its last report, with 1.78 million shares sold short, representing 1.21% of its float. It would take 2.72 days to cover these short positions. While an increase in short interest can indicate bearish sentiment, BlackRock has less short interest compared to its peers' average of 3.11%. This data does not necessarily predict a near-term price drop but suggests traders are shorting more shares.

Portfolio Pulse from Benzinga Insights

December 22, 2023 | 5:00 pm

NANC

NVDA

Nancy Pelosi and her husband have purchased 50 call options of Nvidia (NVDA) with a strike price of $120, amounting to $1-5 million, expiring on Dec. 20, 2024. This follows their previous sale of Nvidia shares at a loss, missing out on $8.19 million in potential profits as NVDA shares soared. The timing of their trades has raised concerns about insider information. Nvidia's stock has been performing exceptionally well, joining the $1-trillion market cap club. The Unusual Whales Subversive Democratic Trading ETF (NANC) tracks stock trading activity of Democrats in Congress.

Portfolio Pulse from Chris Katje

December 22, 2023 | 4:45 pm

AMD

GOOG

GOOGL

IVV

META

NFLX

NVDA

PANW

SPY

VOO

The SPDR S&P 500 ETF (SPY) experienced record fund inflows as investors anticipate the Santa Claus rally, with $20.8 billion entering on Dec. 18 and $10.2 billion on Dec. 19. Technology and Communication Services sectors led the market gains, with notable performances from Nvidia (NVDA), AMD (AMD), Palo Alto Networks (PANW), Meta Platforms (META), Netflix (NFLX), and Alphabet (GOOG/GOOGL). In contrast, the iShares Core S&P 500 ETF (IVV) and Vanguard S&P 500 ETF (VOO) saw significant outflows on the same days.

Portfolio Pulse from Surbhi Jain

December 22, 2023 | 4:36 pm