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IJR

IWM

Following the Federal Reserve's indication of an end to its rate hike cycle, US small cap stocks have surged, with the Russell 2000 index reaching a 16-month high, up 6.8% since the announcement. The iShares Russell 2000 ETF (IWM) and the iShares Core S&P Small-Cap ETF (IJR) have also seen significant gains of 6.4% and 6.3% respectively. Small caps, which are more sensitive to interest rates due to typically higher debt levels, were previously oversold but have now outperformed large caps with a 22.4% rise since late October.

Portfolio Pulse from Neil Dennis

December 15, 2023 | 3:08 pm

TATT

TAT Technologies Ltd. (NASDAQ:TATT) has announced a private placement of 1,158,600 ordinary shares at a price of $8.60 per share, raising approximately $9.8 million from Israeli institutional and accredited investors. The shares will represent about 11.5% of the company's post-sale outstanding shares. The proceeds are intended for general corporate purposes, with the transaction expected to close by December 31, 2023.

Portfolio Pulse from Benzinga Newsdesk

December 15, 2023 | 2:48 pm

LXEH

Lixiang Education Holding Co., Ltd. has announced a change in the ratio of its American Depositary Shares (ADS) to its ordinary shares. The current ratio of 1 ADS to 5 ordinary shares will be adjusted to a new ratio of 1 ADS to 10 ordinary shares, with the change expected to take effect on or about January 3, 2024.

Portfolio Pulse from Benzinga Newsdesk

December 15, 2023 | 2:17 pm

MRAI

Marpai, Inc. has entered into a Securities Purchase Agreement with Hillcour Investment Fund, which is controlled by the company's CEOs, according to an SEC filing on December 14.

Portfolio Pulse from Benzinga Newsdesk

December 15, 2023 | 2:08 pm

HPE

Hewlett Packard Enterprise (HPE) has appointed Marie Myers as its new Executive Vice President and CFO, effective January 15, 2024. Jeremy Cox, who served as Interim CFO, will resume his role as Senior Vice President, Corporate Controller, and Chief Tax Officer.

Portfolio Pulse from Benzinga Newsdesk

December 15, 2023 | 2:02 pm

CSGP

CoStar Group's (NYSE:CSGP) short interest has decreased by 4.86% since the last report, with 6.34 million shares sold short, representing 1.76% of available shares. The average time to cover these short positions is 3.92 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. CoStar's short interest is below its peer group average of 8.83%.

Portfolio Pulse from Benzinga Insights

December 15, 2023 | 2:00 pm

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