Streetbeat News

Equity Actions

PCYO

Pure Cycle Corporation (NASDAQ:PCYO) has issued a correction regarding the announcement dates for its year-end 2023 earnings call. The company will release its financial results for the year ended August 31, 2023, on November 15, 2023, and will hold a conference call on November 16, 2023, to discuss the results.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 8:10 pm

DHR

Danaher Corporation (NYSE:DHR) has experienced a 3.41% increase in short interest since its last report, with 6.03 million shares sold short, representing 0.91% of its float. The average time to cover these short positions is 1.38 days. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price drop. Danaher's short interest is below its peer group average of 5.70%.

Portfolio Pulse from Benzinga Insights

November 13, 2023 | 7:30 pm

NEGG

Newegg Commerce Inc (NASDAQ:NEGG) stock surged 42% to $0.79 after receiving a notice from Nasdaq about non-compliance with the minimum bid price requirement. The company has 180 days to regain compliance, with the possibility of an additional 180-day grace period. Newegg's board also approved a $10 million share repurchase program, with funding from existing cash and operational cash flows. The company reported $51.8 million in cash and equivalents as of June 30, 2023.

Portfolio Pulse from Henry Khederian

November 13, 2023 | 7:25 pm

LI

Financial analysts have observed a bearish sentiment among options traders for Li Auto (NASDAQ:LI), with 80% of the unusual trades being puts. The trades suggest that big players anticipate Li Auto's stock to stay within $35.0 to $40.0. Li Auto, a Chinese NEV manufacturer, has seen its stock price increase by 3.03% to $38.08, with a high trading volume and potential overbought RSI readings. The company's next earnings release is expected in 105 days.

Portfolio Pulse from Benzinga Insights

November 13, 2023 | 7:15 pm

F

GM

SPY

STLA

TSLA

Senator Manchin has called for the U.S. Treasury to adopt the strictest standards for electric vehicle tax credits, aiming to prevent Chinese minerals from benefiting from subsidies. This could impact the sourcing strategies of U.S. automakers and potentially affect the competitiveness of their electric vehicles.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 7:12 pm

WMT

Analysts from Stephens & Co and Stifel have provided updates on Walmart Inc (NYSE:WMT), with Stephens & Co raising their price target from $185 to $190 and maintaining an Overweight rating, while Stifel raised their price target from $169 to $171 with a Hold rating. Walmart is recognized for its success across all income levels and is expected to continue growing due to its omnichannel experience and low-price positioning. The company is also anticipated to improve margins following significant investments. Both analysts have increased their EPS estimates for the upcoming quarters and fiscal years.

Portfolio Pulse from Anusuya Lahiri

November 13, 2023 | 6:54 pm

GIS

General Mills (NYSE:GIS) has seen a 7.88% increase in short interest since its last report, with 12.74 million shares sold short, representing 2.19% of its float. The short interest is below the peer group average of 6.02%. 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

November 13, 2023 | 6:30 pm

INVO

INVO BioScience, Inc. (NASDAQ:INVO) stock has surged over 140% in the last month and is continuing its upward momentum, with a nearly 40% increase over the past five days. The trading volume has significantly exceeded the 100-day average, with over 16.4 million shares traded in the session. The rise comes ahead of an expected Schedule TO filing related to an exchange offer for warrants, which is part of a proposed merger with NAYA Biosciences, Inc. The stock's float is 2.444 million shares, with a high short interest of 11.82%.

Portfolio Pulse from Erica Kollmann

November 13, 2023 | 6:18 pm

CAT

Caterpillar Inc. (NYSE:CAT) has experienced a 7.44% increase in short interest since its last report, with 6.61 million shares sold short, representing 1.3% of its float. It would take about 1.7 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. Caterpillar's short interest is below its peer group average of 4.31%.

Portfolio Pulse from Benzinga Insights

November 13, 2023 | 6:15 pm

CTSH

Cognizant Tech Solns Inc. (NASDAQ:CTSH) shares are trading at $65.69, with a recent 0.40% decrease and a 2.21% drop over the past month, despite a 9.55% increase over the past year. The company's P/E ratio of 16.09 is lower than the IT Services industry average of 43.33, which could suggest undervaluation or weaker growth prospects. Investors are advised to consider P/E ratios among other financial metrics and industry trends for a comprehensive analysis.

Portfolio Pulse from Benzinga Insights

November 13, 2023 | 6:00 pm