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Equity Actions

EW

Edwards Lifesciences (NYSE:EW) has seen a 6.7% decrease in short interest since its last report, with 10.05 million shares sold short, representing 1.67% of its float. The average time to cover these short positions is 2.57 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. Compared to its peers, EW has less short interest, with the peer group average at 3.51% of float.

Portfolio Pulse from Benzinga Insights

December 15, 2023 | 2:00 pm

EPD

Enterprise Prods Partners (NYSE:EPD) has seen a 3.88% rise in short interest since the last report, with 19.59 million shares sold short, representing 1.34% of available shares. It would take about 4.87 days to cover all short positions. While an increase in short interest can indicate bearish market sentiment, it does not necessarily predict a near-term price drop. EPD has less short interest compared to its peer group average of 3.66%. Short interest can be a complex indicator, sometimes suggesting bullish potential for a stock.

Portfolio Pulse from Benzinga Insights

December 15, 2023 | 2:00 pm

AAPL

CMA

PARA

ZM

On CNBC's 'Halftime Report Final Trades,' Joshua Brown selected Zoom Video Communications (ZM) as his final trade, despite its upcoming removal from the Nasdaq index. Rob Sechan chose Comerica Incorporated (CMA) after Wells Fargo's price target increase. Jim Lebenthal picked Paramount Global (PARA), which is considering a streaming partnership with Apple Inc. (AAPL). ZM shares rose 1.3%, CMA gained 8.5%, and PARA increased by 6.6% in the last session.

Portfolio Pulse from Avi Kapoor

December 15, 2023 | 1:49 pm

FSR

SGRY

VRCA

Verrica Pharmaceuticals' partner Torii Pharmaceutical announced positive Phase 3 trial results for TO-208 in Japan, boosting VRCA shares by 52%. Fisker released the final 2023 over-the-air software update for the Fisker Ocean, with plans for regular updates in 2024, increasing FSR shares by 11%. Surgery Partners' stock fell by 6% after announcing a proposed secondary offering of common stock.

Portfolio Pulse from ryanfaloona@benzinga.com

December 15, 2023 | 1:47 pm

AMC

AMC Entertainment Holdings, Inc. has converted $36M of its subordinated notes into 4,758,456 shares of Class A common stock, as per an SEC filing. The conversion implies a value of $7.67 per share for the newly issued stock.

Portfolio Pulse from Benzinga Newsdesk

December 15, 2023 | 1:46 pm

SGRY

Surgery Partners, Inc. shares have declined following the announcement of a proposed secondary offering of common stock. This offering could potentially dilute the value of existing shares.

Portfolio Pulse from Benzinga Newsdesk

December 15, 2023 | 1:38 pm

WNW

Meiwu Technology Company Limited (NASDAQ: WNW) announced a 1-for-35 reverse share split effective December 20, 2023. Post-split, shares are expected to trade at 35 times the pre-split price, but the company cannot guarantee that the post-split price will reflect the reverse split ratio or remain above the pre-split price. The reverse split will reduce the outstanding shares from approximately 100.67 million to about 2.88 million without changing the number of authorized shares. Stock options and restricted shares will be adjusted accordingly, and fractional shares will be rounded up. New certificates will be issued by TranShare.

Portfolio Pulse from Benzinga Newsdesk

December 15, 2023 | 1:32 pm

APD

Air Products & Chemicals (NYSE:APD) has seen a 6.58% increase in short interest since its last report, with 1.80 million shares sold short, representing 0.81% of available shares. The short interest is lower than the peer group average of 2.87%. 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 15, 2023 | 1:30 pm

AMZN

Jeff Bezos, founder of Amazon.com, Inc. (NASDAQ:AMZN) and Blue Origin, discussed his feelings and thoughts when he left his job in New York to start Amazon during a podcast interview with Lex Fridman. Bezos acknowledged the low odds of success at the time, estimating them at 30%, and emphasized the need for a balance between realism and optimism in startups. Despite challenges, Bezos expressed gratitude for the journey with Amazon, which now has a market cap of $1.537 trillion. The company's stock has seen tremendous growth since its IPO in 1997.

Portfolio Pulse from Ananya Gairola

December 15, 2023 | 1:30 pm

ACIU

AC Immune has priced an underwritten offering of 14.3 million of its common shares at $3.50 per share. The company anticipates gross proceeds of approximately $50.1 million from the offering.

Portfolio Pulse from Benzinga Newsdesk

December 15, 2023 | 1:00 pm