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AMAM

AYTU

BTM

KVYO

SHOT

The top five short squeeze candidates for the week include Ambrx Biopharma Inc (AMAM), Aytu Biopharma Inc (AYTU), Bitcoin Depot Inc (BTM), Klaviyo Inc (KVYO), and Safety Shot Inc (SHOT). High short interest and steep borrowing costs are common traits that could lead to a short squeeze. Biotech stocks dominate the list, with a Bitcoin-related stock also moving up the leaderboard.

Portfolio Pulse from Chris Katje

November 06, 2023 | 7:54 pm

NVOS

Novo Integrated Sciences, Inc. (NASDAQ:NVOS) announced a 1-for-10 reverse stock split of its common stock, causing its shares to drop by 52% to $0.14. The decision was made to meet Nasdaq's minimum bid price requirement and improve shareholder value. The reverse stock split will take effect on November 6, with trading on a Reverse Stock Split-adjusted basis starting November 7.

Portfolio Pulse from Henry Khederian

November 06, 2023 | 7:03 pm

AOS

A.O. Smith Corporation is holding its 2023 Investor Day event, which has led to an increase in the volume of its shares.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 6:44 pm

DDOG

A significant bearish stance has been taken on Datadog (NASDAQ:DDOG) by a large investor, as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 35% bullish and 64% bearish. The whales have been targeting a price range from $70.0 to $100.0 for Datadog over the last 3 months. The price of DDOG is up 0.69% at $82.61, with next earnings expected to be released in 1 day.

Portfolio Pulse from Benzinga Insights

November 06, 2023 | 6:15 pm

BIL

BRK

Warren Buffett's Berkshire Hathaway Inc. (NYSE:BRK) has reduced its exposure to equities and increased its cash holdings, with cash, cash equivalents, and U.S. Treasury Bills valued at $157.2 billion at the end of September. A significant portion of this, approximately $127.6 billion, was invested in U.S. Treasury Bills. The company's net acquisitions of U.S. Treasury Bills and fixed maturity securities surged to $134.2 billion during the first nine months of 2023. This move has influenced market participants, leading to a significant $3.2 billion inflow into the SPDR Bloomberg 1-3 Month T-Bill ETF (NYSE:BIL) over the past week.

Portfolio Pulse from Piero Cingari

November 06, 2023 | 5:49 pm

DBGI

Digital Brands Group Inc (NASDAQ:DBGI) has announced that its Board of Directors will initiate a formal review to explore strategic alternatives to maximize shareholder value. The decision comes in light of the dislocation between the company's public market value and the intrinsic value of its underlying assets. The company has not set a deadline for the completion of the process. In recent months, Digital Brands raised $5 million through equity offering and reported a 69.6% increase in Q2 FY23 revenue to $4.5 million.

Portfolio Pulse from Shivani Kumaresan

November 06, 2023 | 5:44 pm

CREV

TRCA

Carbon Revolution Public Limited Company (NASDAQ:CREV) shares are trading higher after the company completed its business combination with Twin Ridge Capital Acquisition Corporation (NYSE:TRCA) and began trading under the CREV symbol. The company also announced a $70 million initial investment from Orion Infrastructure Capital, with $35 million immediately available and the rest to be released upon achieving certain milestones.

Portfolio Pulse from Erica Kollmann

November 06, 2023 | 5:40 pm

ABNB

BVH

DKNG

PLNT

TSLA

VSTO

WYNN

The article provides a list of 10 consumer discretionary stocks with whale alerts in today's session. The stocks mentioned are TSLA, TH, DKNG, ABNB, F, WYNN, LI, VSTO, BVH, and PLNT. The whale alerts are based on options activity and can indicate potential trading opportunities. The sentiment for most of these stocks is bearish, with the exception of DKNG which is neutral and BVH which is bullish.

Portfolio Pulse from Benzinga Insights

November 06, 2023 | 5:35 pm

AAPL

AMD

DOCN

ENPH

MSFT

NVDA

PLTR

SEDG

TSM

TWLO

The article reports on unusual options activity in the Information Technology sector. Ten companies are mentioned: AAPL, NVDA, MSFT, PLTR, AMD, TSM, DOCN, SEDG, ENPH, and TWLO. Most of the options activity is bearish, with the exception of SEDG which is bullish.

Portfolio Pulse from Benzinga Insights

November 06, 2023 | 5:35 pm

HDGE

PSQ

US Senator Thomas Carper, a member of the Senate Finance Committee, has continued his trend of betting against the stock market. He recently sold his positions in the ProShares Short QQQ ETF (NYSE:PSQ) and purchased up to $45,000 in AdvisorShares Ranger Equity Bear ETF (NYSE:HDGE). This move has raised concerns as Carper could have access to insider information due to his position on the Senate Finance Committee.

Portfolio Pulse from Chris Katje

November 06, 2023 | 5:26 pm