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Agilent Technologies has announced a 5% increase in its quarterly cash dividend, raising it from $0.2250 to $0.2360 per share. The dividend is scheduled to be paid on January 24, 2024, to shareholders on record as of January 2, 2024.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 9:04 pm

SMRT

SmartRent has appointed Daryl Stemm as its new Chief Financial Officer. Stemm's experience and leadership are expected to contribute to SmartRent's financial strategy and growth.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 9:01 pm

PKX

POSCO Holdings (NYSE:PKX) has seen a 32.5% decrease in short interest since its last report, with 828 thousand shares sold short, representing 0.27% of its float. The short interest is below the peer group average of 3.85%. While a decline in short interest can indicate a more bullish sentiment, it does not necessarily predict a near-term rise in the stock price.

Portfolio Pulse from Benzinga Insights

November 15, 2023 | 8:15 pm

CAH

Cardinal Health (NYSE:CAH) has seen a 3.31% increase in short interest since the last report, with 6.93 million shares sold short, representing 3.74% of available shares. It would take about 3.77 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. Compared to its peers, Cardinal Health has a lower short interest percentage of float, with the peer group average at 4.79%.

Portfolio Pulse from Benzinga Insights

November 15, 2023 | 8:15 pm

FIXT

NVDA

SPCE

UFO

Southwest Iceland is on high alert for a potential volcanic eruption, the largest in 50 years, following thousands of earthquakes. A state of emergency has been declared, and residents of Grindavik are evacuating. The eruption could impact air travel and the local geothermal power plant. The situation has highlighted the importance of companies involved in disaster monitoring and recovery. Procure has two ETFs, the Procure Space ETF (UFO) and the Procure Disaster Recovery Strategy ETF (FIXT), which include companies like Virgin Galactic (SPCE) and Nvidia (NVDA), focusing on disaster preparedness and response.

Portfolio Pulse from Melanie Schaffer

November 15, 2023 | 7:50 pm

TSLA

Cathie Wood, CEO of Ark Invest, praised Tesla Inc (NASDAQ:TSLA) as the world's largest AI player, highlighting its access to proprietary data from 5 million 'robots' (vehicles) worldwide. Wood emphasized Tesla's advantage in AI for autonomous vehicles and expects Tesla's market share to increase as legacy automakers like Ford and GM pull back on EV strategies. Tesla remains a top holding in Ark's flagship fund, specifically the third-largest in the Innovation ETF with an 8.59% weighting. Tesla shares have risen approximately 97% since the start of the year.

Portfolio Pulse from Adam Eckert

November 15, 2023 | 7:33 pm

ON

ON Semiconductor (NYSE:ON) has seen a 5.43% rise in short interest since the last report, with 24.87 million shares sold short, representing 8.73% of available shares. The short interest is higher than the peer group average of 3.32%. While increased short interest can indicate bearish sentiment, it does not necessarily predict a near-term price drop.

Portfolio Pulse from Benzinga Insights

November 15, 2023 | 7:15 pm

FUSB

First US Bancshares, Inc. (NASDAQ:FUSB) has announced the extension of its share repurchase program, previously set to expire on December 31, 2023, to December 31, 2024. The company has already repurchased 1,045,972 shares and has 596,813 shares remaining for repurchase. The repurchases may occur through open market transactions, privately negotiated transactions, or other methods, and may be executed through pre-arranged plans in compliance with SEC rules.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 7:06 pm

GT

Goodyear Tire & Rubber Company (NASDAQ:GT) announced the retirement of Chairman, CEO, and President Richard J. Kramer in 2024 and the initiation of a search for his successor. The company also unveiled the 'Goodyear Forward' plan, targeting a $1 billion annual run-rate benefit by 2025 through cost reductions and portfolio optimization, including the potential sale of its Chemical business, Dunlop brand, and Off-the-Road tire business. The plan aims for $2 billion in gross proceeds and a doubling of segment operating margin to 10% by Q4 2025. Goodyear expects to reduce debt by $1.5 billion, net of restructuring costs. Elliott Investment Management, a major investor, expressed support for the initiatives. GT shares rose 2.86% to $14.05.

Portfolio Pulse from Shivani Kumaresan

November 15, 2023 | 6:59 pm

INTA

Intapp, Inc. (INTA) shares have declined following the announcement of a secondary offering of common stock. This move typically dilutes existing shareholders and can put downward pressure on the stock price in the short term.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 6:35 pm