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Equity Actions

GMED

Globus Medical (NYSE:GMED) received varied analyst ratings in the last quarter, with a shift towards more bullish views in the last 30 days. The average 12-month price target for GMED is now $66.00, up from $63.50, indicating a positive outlook from analysts. The company has shown significant revenue growth of 124.6% as of December 31, 2023, but faces challenges in profitability and efficiency, with below-average net margin, ROE, and ROA. Despite these challenges, GMED's debt management is strong, with a low debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

May 09, 2024 | 6:01 pm

RDFN

Redfin's (NYSE:RDFN) short interest has decreased by 13.26% since the last report, with 17.85 million shares sold short, representing 21.79% of its float. This decline in short interest could indicate a more bullish sentiment towards RDFN among traders. Compared to its peers, Redfin has a significantly higher short interest percentage of float, with an average of 5.32% among its peers, suggesting a unique position within its industry.

Portfolio Pulse from Benzinga Insights

May 09, 2024 | 5:45 pm

MCHP

Microchip Technology (NYSE:MCHP) has seen a decrease in short interest, now at 5.33% of its float, down 5.5% from the last report. With 24.68 million shares sold short, it would take about 5.7 days to cover all short positions. This decline in short interest could indicate a more bullish sentiment towards MCHP among investors, contrasting with its peers where the average short interest is 4.22%.

Portfolio Pulse from Benzinga Insights

May 09, 2024 | 5:45 pm

SBGI

Sinclair Broadcast Group is exploring the sale of over 30% of its 185 owned or operated broadcast stations, potentially including the Tennis Channel, to unlock value and reduce debt. The company, which has seen a significant market value decline over five years, has hired Moelis for the sale process. This move follows a rebranding and restructuring into two units: Local Media and Ventures. Sinclair's decision is partly due to internal tensions and aims to capitalize on the upcoming 2024 election's advertising revenue. The company's stock rose 12% following the announcement.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 5:38 pm

BABA

LESL

PDD

TSLA

Today's session highlighted significant whale activity in the options market for 10 consumer discretionary stocks, indicating potential trading opportunities. Notable bullish sentiment was observed in TSLA, BABA, LESL, AMZN, and LVS options, while bearish sentiment was seen in PDD, W, ABNB, PENN, and BKNG options. The activity involved both put and call options with varying expiration dates and strike prices, reflecting diverse market expectations.

Portfolio Pulse from Benzinga Insights

May 09, 2024 | 5:35 pm

AAPL

AMD

CFLT

INTC

MSFT

NVDA

PLTR

QCOM

TSM

Today's session highlighted significant options activity in the Information Technology sector, with notable movements in stocks like NVDA, AAPL, AMD, INTC, CFLT, MSFT, ARM, TSM, QCOM, and PLTR. The activity ranged from bullish call sweeps on NVDA, AAPL, CFLT, and MSFT to bearish put sweeps on AMD, INTC, and TSM, indicating varied investor sentiment across these tech giants. The options activity, characterized by sweeps and trades with varying sentiments and expiration dates, suggests investors are actively positioning in anticipation of future price movements.

Portfolio Pulse from Benzinga Insights

May 09, 2024 | 5:35 pm

ADN

Advent Technologies Holdings, Inc. (NASDAQ:ADN) announced a 1-for-30 reverse stock split effective May 14, 2024. The reverse split will apply to its common stock and publicly traded warrants, trading under symbols "ADN" and "ADNWW" respectively, on the Nasdaq. The CUSIP number for the common stock will change to 00788A 204 post-split.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 5:33 pm

IOVA

Iovance Biotherapeutics (NYSE:IOVA) has seen an 8.92% increase in its short percent of float, now at 19.53% of all shares available for trading. This indicates a bearish market sentiment, although an increase in short interest can sometimes be bullish. The company's short interest is higher than its peer group average of 12.57%.

Portfolio Pulse from Benzinga Insights

May 09, 2024 | 5:30 pm

DAL

LYV

SPLV

On CNBC's Halftime Report, analysts shared their final trades, highlighting Live Nation Entertainment (LYV), Delta Air Lines (DAL), and the Invesco S&P 500 Low Volatility ETF (SPLV). These picks suggest a focus on entertainment, travel, and low-volatility investment strategies.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 5:00 pm

FXI

KBA

KWEB

MCHI

SPY

China's stock market has rebounded impressively after a sharp decline in January 2024, with key ETFs like KWEB, KBA, MCHI, and FXI outperforming major U.S. equity ETFs such as SPY. KraneShares CIO Brendan Ahern cites government support, changing global investor sentiments, policy reforms, economic recovery, and attractive valuations as drivers for this resurgence, suggesting a promising outlook for Chinese equities.

Portfolio Pulse from Surbhi Jain

May 09, 2024 | 4:50 pm