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TWLO

Twilio Inc (NYSE:TWLO) is facing significant challenges, including a 20% decline in stock year-to-date, leadership changes, and sluggish growth. The company's efforts to overhaul its business have not altered its core trajectory, leading to a bearish outlook. Technical indicators, including a looming Death Cross, reinforce this sentiment. Despite a slight buying pressure, the overall technical analysis suggests a downturn, with no strong evidence of a potential short squeeze.

Portfolio Pulse from Surbhi Jain

April 04, 2024 | 1:45 pm

ALLR

Allarity Therapeutics announced a 1-for-20 reverse stock split, leading to its shares trading higher.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 1:29 pm

ABAT

American Battery Technology Company (ABTC) has been awarded an additional $40.5M tax credit by the U.S. Department of Treasury to accelerate the construction of a new lithium-ion battery recycling facility in the U.S. This award, part of the Qualifying Advanced Energy Project Credits program, supplements a previous $20M credit and aims to expand North America's closed-loop battery metals supply chain. ABTC is engaging with major automotive OEMs and battery cell manufacturers for recycling services and is planning the new facility to increase domestic critical battery minerals manufacturing capacity.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 1:26 pm

PARA

David Faber on CNBC mentioned that an Ellison-led bid for Paramount Global would necessitate the company to raise new equity. This information is crucial for investors monitoring Paramount Global's shares.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 1:21 pm

ALLR

Allarity Therapeutics has announced a 1-for-20 reverse stock split, set to take effect on April 9, 2024. This corporate action is typically undertaken to boost the stock's price in the market by reducing the number of shares available, potentially making the stock more appealing to investors.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 1:15 pm

TWLO

Anson Funds, a significant stockholder of Twilio Inc. (TWLO), has influenced governance changes at Twilio, including the departure of director Byron Deeter and a proposal to declassify the Board. These changes follow Anson Funds' engagement with Twilio, aiming to address the company's underperformance and governance issues. Anson Funds plans to continue holding the Twilio Board accountable to protect stockholder interests, focusing on strategy, operations, governance, and capital allocation.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 1:07 pm

CHPT

ChargePoint Holdings (NYSE:CHPT) has seen diverse analyst ratings over the last three months, with a shift towards a more bullish stance in the last 30 days. The average 12-month price target among analysts is $3.31, with a recent decrease of 5.43%. Financial challenges such as revenue decline, low net margin, and high debt-to-equity ratio are highlighted, alongside the importance of understanding analyst ratings and their impact on investment decisions.

Portfolio Pulse from Benzinga Insights

April 04, 2024 | 1:01 pm

AEP

American Electric Power's (NYSE:AEP) short interest has increased by 17.46% since the last report, with 11.70 million shares sold short, representing 2.22% of its float. It would take approximately 2.54 days to cover these short positions. The increase in short interest can indicate a bearish market sentiment towards AEP, although it has less short interest compared to its peer group average of 2.67%. This information suggests investors are showing increased bearishness but AEP is still performing better in this aspect than most of its peers.

Portfolio Pulse from Benzinga Insights

April 04, 2024 | 1:00 pm

VLY

Valley National Bancorp (NASDAQ:VLY) received mixed analyst ratings over the past three months, with a shift towards a more cautious stance in the last 30 days. The average 12-month price target for VLY is now $9.58, down 15.22% from the previous average, reflecting lowered expectations from analysts at JP Morgan, Citigroup, Barclays, Morgan Stanley, Keefe, Bruyette & Woods, and Wedbush. Valley Ntl's financial performance shows challenges in revenue growth, net margin, ROE, and ROA, though it maintains a prudent debt management strategy.

Portfolio Pulse from Benzinga Insights

April 04, 2024 | 1:00 pm

CTCX

Carmell Corporation (NASDAQ:CTCX), a bio-aesthetics company, announced a private placement of approximately 1,333,333 shares at $2.25 each, totaling $3M in gross proceeds. The CEO participated at $2.88 per share, the closing price on April 3, 2024. Post-placement, Carmell will have about 20.58 million shares outstanding. Brookline Capital Markets was the exclusive placement agent.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 12:57 pm