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SHW

Sherwin-Williams (NYSE:SHW) has seen a 12.6% increase in short interest since its last report, with 3.36 million shares sold short, representing 1.43% of its float. The average time to cover these short positions is 2.65 days. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price drop. Sherwin-Williams has less short interest compared to its peer group average of 4.20%.

Portfolio Pulse from Benzinga Insights

December 12, 2023 | 4:30 pm

LYG

Lloyds Banking Group (NYSE:LYG) has seen a 25% decrease in short interest since its last report, with 9.35 million shares sold short, representing 0.06% of available shares. The short interest now takes approximately 1.21 days to cover. This decline in short interest may indicate a more bullish sentiment towards LYG compared to the peer group average short interest of 0.84%.

Portfolio Pulse from Benzinga Insights

December 12, 2023 | 4:30 pm

EFX

Equifax (NYSE:EFX) has seen a 16.67% increase in short interest since its last report, with 3.66 million shares sold short, representing 3.36% of its float. The short interest is higher than the peer group average of 2.91%. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price drop. It takes traders approximately 4.37 days to cover their short positions based on current trading volume.

Portfolio Pulse from Benzinga Insights

December 12, 2023 | 4:30 pm

BA

Boeing Co (NYSE:BA) stock is trading higher after the announcement that Avolon intends to purchase 40 more 737-8 planes, increasing its portfolio to over 110 jets. This repeat order reflects confidence in the 737-8 model. Additionally, Boeing's November deliveries were the highest since June, with 56 airplanes delivered, nearing annual targets. William Blair analyst Louie DiPalma initiated coverage on Boeing with an Outperform rating.

Portfolio Pulse from Adam Eckert

December 12, 2023 | 4:28 pm

KNTK

Kinetik Holdings Inc (NYSE:KNTK) shares dropped 3.8% after announcing an increased secondary offering size to 6.5 million shares at $31.50 each. Apache Midstream LLC, a subsidiary of Apache Corporation, is the selling stockholder. Kinetik's officers and directors, including the CEO, plan to purchase 63,492 shares at the offering price. Kinetik will not receive any proceeds from the sale by Apache Midstream. KNTK's 52-week range is $26.32 to $37.17.

Portfolio Pulse from Henry Khederian

December 12, 2023 | 4:25 pm

M

Macy's Inc (NYSE:M) stock is experiencing volatility, trading lower by 3.7% after Citigroup downgraded it from Neutral to Sell. This follows a surge on Monday due to a reported $5.8 billion buyout offer from an investor group led by Arkhouse Management and Brigade Capital Management. The offer aims to take Macy's private at $21 per share, a 32% premium over the recent closing price. Macy's has struggled against online competition, with its share value significantly reduced from its 2015 peak.

Portfolio Pulse from Henry Khederian

December 12, 2023 | 4:24 pm

BKNG

TD Cowen analyst Kevin Kopelman has maintained an Outperform rating on Booking Holdings (NASDAQ:BKNG) and increased the price target from $3250 to $4000, indicating a positive outlook on the company's stock performance.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 4:23 pm

CNC

Centene Corporation (NYSE:CNC) provided its 2024 financial guidance, forecasting revenues of $142.5 billion-$145.5 billion, above the consensus of $142.12 billion. The company expects GAAP diluted EPS greater than $5.61 and adjusted diluted EPS greater than $6.70, with a Health benefits ratio of 87.3% to 87.9%. Additionally, Centene announced a $4.0 billion increase to its stock repurchase program, supplementing the $1.2 billion remaining from the previous authorization. The company reaffirmed its 2023 guidance with premium and service revenues of $137.5 billion-$139.5 billion, a Health benefits ratio of 87.1% to 87.7%, and adjusted EPS of at least $6.60. CNC shares rose 3.86% to $77.12.

Portfolio Pulse from Vandana Singh

December 12, 2023 | 4:21 pm

MATICUSD

Polygon's (CRYPTO: MATIC) token price is rising due to its new Portal launch, a FIFA NFT deal, and anticipation of two major announcements related to ZK and RWAs. The Portal replaces the old Wallet Suite, offering a unified UX for bridging, third-party bridges, gas refueling, and developer tools. FIFA's selection of Polygon for digital collectibles and the transfer of NFTs minted on Algorand to Polygon for a World Cup event further bolster its prospects. Additionally, Polygon hosts loyalty programs for Flipkart and Starbucks. MATIC's price has increased by 4.6% in the past 24 hours and over 10% in the past week.

Portfolio Pulse from Khyathi Dalal

December 12, 2023 | 4:20 pm

GREE

NVDA

Greenidge Generation Holdings Inc (NASDAQ:GREE) stock rose 8.3% to $5.23 after announcing a partnership with Infinite Reality to create GreenidgeAI, focusing on AI infrastructure for metaverse experiences in the US and Canada. The partnership includes an equity swap and warrants for share purchases. GreenidgeAI, which will use NVIDIA GPUs, plans to start taking external orders by 2024. GREE's 52-week range is $1.55 to $13.90.

Portfolio Pulse from Henry Khederian

December 12, 2023 | 4:14 pm