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MMAT

Meta Materials Inc. has announced a $6 million registered direct offering, leading to a decline in its share price.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 5:40 pm

PLTR

Palantir Technologies Inc. (NYSE:PLTR) stock is trading lower amid a broader tech sector sell-off, with trading volume nearing the 100-day average. Jim Cramer recently expressed a positive view on the company, and Gene Munster highlighted it as undervalued with potential in artificial intelligence. PLTR is currently trading above its 50-day moving average but below its 52-week high.

Portfolio Pulse from Erica Kollmann

December 04, 2023 | 5:32 pm

DEO

Diageo's (NYSE:DEO) short interest has decreased by 6.9% since the last report, with 1.52 million shares sold short, representing 0.27% of available shares. The average time to cover these short positions is 1.7 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. Diageo's short interest is below its peer group average of 4.28%. Short interest levels can be a market sentiment indicator, and changes in short interest can have implications for stock performance.

Portfolio Pulse from Benzinga Insights

December 04, 2023 | 5:30 pm

JCI

Johnson Controls Intl (NYSE:JCI) has seen a 14.29% increase in short interest since its last report, with 9.75 million shares sold short, representing 1.44% of its float. The short interest is below the peer group average of 3.85%. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price decline.

Portfolio Pulse from Benzinga Insights

December 04, 2023 | 5:30 pm

FANG

Diamondback Energy (NYSE:FANG) has seen a 15.74% increase in short interest since its last report, with 6.23 million shares sold short, representing 3.97% of its float. The short interest is below the peer group average of 6.12%. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price decline.

Portfolio Pulse from Benzinga Insights

December 04, 2023 | 5:30 pm

EYPT

HA

MMAT

SPCE

SSNT

UCAR

U.S. stocks traded lower with the Dow Jones, NASDAQ, and S&P 500 all falling. U.S. factory orders decreased by 3.6% in October, more than the expected 2.8% decline. EyePoint Pharmaceuticals, Hawaiian Holdings, and SilverSun Technologies saw significant stock price increases due to positive company-specific news. Conversely, U Power, Meta Materials, and Virgin Galactic Holdings experienced substantial drops in their share prices. Gold and silver prices also fell, while oil saw a slight decrease.

Portfolio Pulse from Lisa Levin

December 04, 2023 | 5:21 pm

GOOGL

NFLX

QQQ

David Keller, CMT, outlines four potential scenarios for the Nasdaq 100, represented by the QQQ ETF, following a divergence in performance between the S&P 500 and Nasdaq 100, with the latter showing signs of potential pullback due to overbought conditions in growth stocks like NFLX and GOOGL. The scenarios range from very bullish to super bearish, with probabilities assigned to each. Keller's base case is a mildly bullish scenario with a 60% probability, suggesting a pullback followed by a rally. The article is for educational purposes and does not constitute financial advice.

Portfolio Pulse from David Keller

December 04, 2023 | 5:05 pm

BAX

Morgan Stanley has maintained its Equal-Weight rating on Baxter Intl (NYSE:BAX) but lowered its price target from $45.00 to $39.00. Baxter Intl's shares are currently trading down at $36.15, which is 1.09% lower than the last 24 hours. The new price target suggests a potential upside of 7.88% from the current price. Baxter, known for its medical instruments and supplies, acquired Hillrom in 2021, enhancing its hospital-focused offerings. The company plans to spin off its kidney failure treatment operations in 2024.

Portfolio Pulse from Benzinga Insights

December 04, 2023 | 5:00 pm

MRK

Merck & Co's (NYSE:MRK) short interest has increased by 9.23% since the last report, with 18.02 million shares sold short, representing 0.71% of available shares. It would take 2.71 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. Merck has less short interest compared to its peer group average of 3.48%.

Portfolio Pulse from Benzinga Insights

December 04, 2023 | 4:45 pm

UCAR

U Power Ltd (NASDAQ:UCAR), a Chinese vehicle services company, is issuing 10 million units at $1.20 each to raise $12 million. The offering includes shares and warrants, aiming to fund acquisitions of battery swapping companies and meet general corporate needs. The offering is set to close around December 6. UCAR's 52-week range is between $0.65 and $75.00.

Portfolio Pulse from Henry Khederian

December 04, 2023 | 4:24 pm