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SYY

Sysco Corporation (NYSE:SYY) has experienced a 6.43% increase in short interest since its last report, with 7.49 million shares sold short, representing 1.49% of its float. The average time to cover these short positions is 2.6 days. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price drop. Sysco's short interest is below its peer group average of 4.20%.

Portfolio Pulse from Benzinga Insights

November 28, 2023 | 7:45 pm

SNES

THAR

SenesTech, Inc. (NASDAQ:SNES) shares plummeted by approximately 50% after announcing the pricing of a $5.0 million public offering at $1.30 per share with additional warrants. The stock dropped to $0.9189. Other stocks experienced significant movements, with gainers including IceCure Medical Ltd (ICCM), RedHill Biopharma Ltd. (RDHL), and HNR Acquisition Corp (HNRA), among others. Losers included Tharimmune, Inc. (THAR), Cabaletta Bio, Inc. (CABA), and Acelyrin, Inc. (SLRN), with Tharimmune's shares falling sharply after pricing its public offering at $1 per share.

Portfolio Pulse from Lisa Levin

November 28, 2023 | 7:44 pm

HON

Honeywell Intl (NYSE:HON) has seen an 18.75% increase in short interest since its last report, with 6.28 million shares sold short, representing 0.95% of its float. It would take 2.27 days to cover these short positions based on average trading volume. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price drop. Honeywell has less short interest compared to its peer group average of 1.43%.

Portfolio Pulse from Benzinga Insights

November 28, 2023 | 7:00 pm

OTIS

Otis Worldwide (NYSE:OTIS) has seen a 7.07% increase in short interest since the last report, with 4.34 million shares sold short, representing 1.06% of available shares. The short interest ratio is 2.13 days to cover. While an increase in short interest can indicate bearish sentiment, Otis has less short interest compared to its peer group average of 3.82%. The rise in short interest does not necessarily predict a near-term price decline.

Portfolio Pulse from Benzinga Insights

November 28, 2023 | 6:45 pm

IQV

IQVIA Hldgs Inc. (NYSE:IQV) shares increased by 0.95% to $212.73, with a 17.57% rise over the past month but a 2.49% decline over the past year. The company's P/E ratio of 35.36 is below the industry average of 37.67, which could suggest it is undervalued or expected to underperform. Investors are advised to consider the P/E ratio alongside other financial metrics and qualitative analysis for investment decisions.

Portfolio Pulse from Benzinga Insights

November 28, 2023 | 6:15 pm

AAPL

INTC

MSFT

UDN

UUP

The US dollar index (DXY) has declined by 3.8% since early October, largely due to a rally in the equity market, as per Bank of America analysts. The S&P 500 index rose 10.5% since Oct. 27, with tech giants like Microsoft and Apple, and chip producer Intel Corporation seeing significant gains. The VIX index has dropped, indicating lower market volatility. Dollar ETFs like the Invesco DB US Dollar Index Bullish Fund and Bearish Fund have moved inversely to the dollar's trend. The dollar's movement is now more tied to risk sentiment than traditional factors like economic growth or geopolitical risk, with the Fed's potential rate cut by the end of Q1 being a key factor to watch.

Portfolio Pulse from Neil Dennis

November 28, 2023 | 5:58 pm

TWLO

Twilio Inc (NYSE:TWLO) stock is trading higher after activist investor Anson Funds acquired a stake in the company and is advocating for its sale or the divestiture of its data and applications business. Anson's stake is worth approximately $50 million. Twilio has faced challenges, including recent layoffs and restructuring into two business units. Despite these challenges and a significant drop from its 2021 peak, Twilio's stock has increased by 28% year-to-date. The company's market capitalization is around $11.8 billion, and its shares were up by 3.9% to $65.28.

Portfolio Pulse from Anusuya Lahiri

November 28, 2023 | 5:35 pm

IBIO

iBio Inc. announced a 20-to-1 reverse stock split, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 5:33 pm

BDRX

Biodexa Pharmaceuticals' stock is trading lower following the announcement of a public offering of 1,397,849 Class A units at $2.79 each.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 5:32 pm

SDRL

Seadrill's stock price is up following the announcement of its Q3 financial results and the board's authorization of an additional $250 million for share repurchases.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 5:26 pm