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Equity Actions

SMX

SMX (Security Matters)'s short interest has significantly decreased by 87.59%, now representing only 0.5% of its float. This reduction suggests a shift in market sentiment towards a more bullish outlook compared to its peers, where the average short interest is 1.70%. The current short interest level indicates it would take about 1 day for traders to cover their short positions, reflecting less bearish pressure on the stock.

Portfolio Pulse from Benzinga Insights

March 29, 2024 | 3:00 pm

AMC

CGC

IONQ

JD

MSTR

Benzinga's Stock Whisper Index highlights Canopy Growth Corp, JD.Com Inc, MicroStrategy Inc, AMC Entertainment Holdings Inc, and IonQ Inc as stocks to watch. Canopy Growth benefits from Germany's cannabis legalization, JD.Com sees investor interest post-earnings, MicroStrategy's Bitcoin strategy draws attention, AMC plans a stock offering, and IonQ announces strategic agreements and a new team member.

Portfolio Pulse from Chris Katje

March 29, 2024 | 2:01 pm

BJ

BJ's Wholesale Club (NYSE:BJ) has seen a decrease in short interest, now at 8.93 million shares or 8.44% of float, down 4.63% since the last report. It would take about 4.42 days to cover all short positions. This change in short interest could indicate a shift in market sentiment towards BJ, potentially signaling increased bullishness. BJ's short interest is higher than its peer group average of 2.80%, suggesting more bearish sentiment compared to its peers.

Portfolio Pulse from Benzinga Insights

March 29, 2024 | 2:00 pm

OGI

OrganiGram Holdings Inc. (NASDAQ:OGI), a Toronto-based cannabis company, announced an $18.5M public offering with ATB Securities Inc. as the lead underwriter, offering 7,740,000 units at $2.39 each. The offering includes an over-allotment option and units comprising one common share and a half warrant. The proceeds are aimed at supporting growth initiatives and covering corporate expenses. The offering is expected to close around April 2, 2024, pending regulatory approvals. However, the announcement led to a downturn in OGI's stock value, following a 16% year-over-year revenue decrease in the first quarter of 2024.

Portfolio Pulse from Patricio Liddle

March 29, 2024 | 12:15 pm

KRE

'Rich Dad Poor Dad' author Robert Kiyosaki predicts a financial crisis in the US similar to China's, impacting baby boomers' retirement plans. He attributes the crisis to the collapse of major entities in China and warns of similar issues in the US commercial real estate sector. Kiyosaki advises investing in tangible assets like gold, silver, and Bitcoin over fiat currency or real estate investment trusts (REITs). The SPDR S&P Regional Banking ETF (KRE) is mentioned in relation to the challenges faced by the US banking system, including the exposure of regional banks to commercial real estate.

Portfolio Pulse from Shanthi Rexaline

March 29, 2024 | 12:12 pm

SLS

Sellas Life Sciences Group has filed for a mixed shelf offering, allowing it to sell securities up to $200 million. This strategic move could provide the company with flexible financing options for future growth, but also signals potential dilution for current shareholders.

Portfolio Pulse from Charles Gross

March 28, 2024 | 8:51 pm

HGV

Hilton Grand Vacations has announced the appointment of Dan Mathewes as the new President and Chief Financial Officer. This strategic move aims to strengthen the company's leadership team and drive future growth.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 8:44 pm

KTF

DWS Municipal Income Trust has announced the termination of its fund, with plans to make a liquidating distribution to shareholders. Additionally, there will be an increase in the distribution rate to shareholders.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 8:44 pm

KSM

The DWS Strategic Municipal Income Trust has approved its termination and will proceed with a liquidating distribution to its shareholders. This decision marks the end of the trust's operations, transitioning to the final phase of liquidation.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 8:42 pm

RNAC

Cartesian Therapeutics announced the approval of the conversion of Series A Convertible Preferred Stock and plans to implement a reverse stock split, leading to its shares trading lower.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 8:40 pm