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Equity Actions

MELI

MercadoLibre, Inc. (NASDAQ:MELI) has announced the appointment of Martín de los Santos as its new CFO, replacing Pedro Arnt who is leaving the company. De los Santos was previously the Senior Vice President of the Credits division at MercadoLibre. Andrés Anavi, Senior Vice President at Mercado Pago, will succeed de los Santos as SVP of Mercado Crédito.

Portfolio Pulse from Happy Mohamed

August 10, 2023 | 8:40 pm

ATGE

Adtalem Global Education has provided its fiscal year 2024 outlook, reaffirming revenue in the range of $1.46 billion to $1.52 billion and raising the lower end of its adjusted earnings per share by 5 cents to be in the range of $4.20 to $4.40. The company has not provided a reconciliation of non-GAAP guidance measures to corresponding GAAP measures due to uncertainty of future special items.

Portfolio Pulse from Happy Mohamed

August 10, 2023 | 8:17 pm

GME

WE

The r/WallStreetBets community, known as the 'apes', are rallying behind WeWork Inc (NYSE:WE), pushing its shares up over 130% at one point on Thursday. This follows a similar pattern to the GameStop Corp (NYSE:GME) short squeeze in early 2021. Despite WeWork's financial distress and a smaller short interest of 2.57%, the Reddit community remains bullish on the stock.

Portfolio Pulse from AJ Fabino

August 10, 2023 | 8:11 pm

VLD

Velo3D has announced an offering of $70 million of senior secured convertible notes. The company is listed on the NYSE under the ticker symbol VLD.

Portfolio Pulse from Benzinga Newsdesk

August 10, 2023 | 8:09 pm

SRT

Startek has authorized a $2M share buyback program.

Portfolio Pulse from Benzinga Newsdesk

August 10, 2023 | 8:05 pm

YUM

Yum Brands's (NYSE:YUM) short percent of float has fallen 15.5% since its last report, with 4.73 million shares sold short, which is 1.69% of all regular shares available for trading. It would take traders 3.44 days to cover their short positions on average. Compared to its peers, Yum Brands has less short interest as a percentage of float, with an average of 8.33%.

Portfolio Pulse from Benzinga Insights

August 10, 2023 | 8:00 pm

CMCSA

A significant number of investors have taken a bearish stance on Comcast (NASDAQ:CMCSA), with 64% of the spotted trades being bearish. The whales have been targeting a price range from $35.0 to $55.0 for Comcast over the last 3 months. The current price of CMCSA is up 1.7% at $46.05. Analysts from Morgan Stanley, Rosenblatt, Argus Research, Barclays, and Macquarie have maintained their ratings on Comcast, with price targets ranging from $43 to $50.

Portfolio Pulse from Benzinga Insights

August 10, 2023 | 7:16 pm

MTAC

Shares of MedTech Acquisition Corp (MTAC) were halted on a circuit breaker due to a sharp increase in price. The stock is now up by 22.4%.

Portfolio Pulse from Happy Mohamed

August 10, 2023 | 7:10 pm

AMAT

Applied Mat Inc.'s (NASDAQ:AMAT) stock price is currently at $144.25, after a 0.63% decrease. However, over the past month, the stock has increased by 1.14%, and in the past year, by 30.64%. The company's P/E ratio is lower than the aggregate P/E of the Semiconductors & Semiconductor Equipment industry, which could indicate that the stock is undervalued or that shareholders do not expect future growth.

Portfolio Pulse from Benzinga Insights

August 10, 2023 | 6:30 pm

MOGO

Mogo Inc. announced a 3:1 share consolidation, leading to a decrease in its stock price.

Portfolio Pulse from Benzinga Newsdesk

August 10, 2023 | 6:26 pm