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ASAN

Asana (NYSE:ASAN) has seen a 13.46% decrease in short interest since its last report, with 9.09 million shares sold short, representing 10.61% of its float. The average time to cover these short positions is 4.18 days. While a decrease in short interest can indicate a more bullish sentiment, it does not necessarily predict a near-term price rise. Asana has a higher short interest compared to its peer group average of 8.29%.

Portfolio Pulse from Benzinga Insights

December 08, 2023 | 2:15 pm

SNA

Snap-on (NYSE:SNA) has seen a 5.13% increase in short interest since its last report, with 1.85 million shares sold short, representing 4.1% of its float. It would take about 9.35 days to cover all short positions. While an increase in short interest can indicate bearish sentiment, it doesn't necessarily predict a near-term price drop. Snap-on has a higher short interest compared to its peer group average of 3.36%.

Portfolio Pulse from Benzinga Insights

December 08, 2023 | 2:15 pm

IBIO

iBio, Inc. (NYSE:IBIO) has experienced a significant increase in short interest, with the short percent of float rising 118.62% since the last report. The company has 880 thousand shares sold short, representing 3.17% of available shares for trading. The current short interest exceeds the peer group average of 1.40%. While high short interest can indicate bearish sentiment, it can also be a bullish sign as explained in a Benzinga Money post.

Portfolio Pulse from Benzinga Insights

December 08, 2023 | 2:15 pm

RBLX

Roblox shares are experiencing an uptick following reports on social media that popular artist Nicki Minaj has joined the platform.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 2:14 pm

CARR

HON

Honeywell International Inc (HON) is set to acquire Carrier Global Corporation's (CARR) Global Access Solutions business for $4.95 billion in cash. The acquisition, which includes hardware and software solutions, aligns with Honeywell's focus on automation, aviation, and energy transition. The deal is expected to be cash-EPS accretive in the first full year and is anticipated to close by Q3 2024. Honeywell had $7.8 billion in cash as of September 30, 2023. Carrier plans to use the $4 billion net proceeds to reduce debt and resume share repurchases once leverage is back to 2x EBITDA. HON's stock price dropped by 2.58% while CARR's increased by 5.50% in premarket trading.

Portfolio Pulse from Shivani Kumaresan

December 08, 2023 | 2:13 pm

AEO

ANF

ATKR

CAMT

COIN

EYPT

NUE

NVAX

Jim Cramer, on CNBC's 'Mad Money Lightning Round,' labeled Camtek Ltd. as 'too expensive' and advised waiting for a pullback. He expressed a longstanding dislike for Novavax, Inc., preferring Nucor Corporation over Atkore Inc. for steel-related investments. Cramer also deemed Coinbase Global, Inc. as 'too expensive' and suggested caution with EyePoint Pharmaceuticals, Inc. as 'the easy money has been made.' He compared American Eagle Outfitters, Inc. favorably to Abercrombie & Fitch Co., which he considers 'much better.'

Portfolio Pulse from Avi Kapoor

December 08, 2023 | 2:07 pm

AMD

AUVI

CARR

FSLR

HCP

HON

LULU

PARA

QQQ

RBLX

SPY

UUP

The latest U.S. jobs report showed unexpected strength in the labor market, causing equity futures to fall and the dollar to rally as it dampened speculation about Federal Reserve rate cuts. Non-farm payrolls for November exceeded expectations, and the unemployment rate dropped to 3.7%. Traders adjusted their expectations for rate cuts, with the probability of five cuts by December 2024 decreasing. Nasdaq 100, S&P 500, and Dow futures all fell, while the dollar index rose. Premarket trading saw SPY and QQQ decline, while individual stocks like CARR, HON, RBLX, PARA, LULU, FSLR, AMD, AUVI, and HCP experienced various movements due to specific news related to each company.

Portfolio Pulse from Piero Cingari

December 08, 2023 | 2:07 pm

CYN

Cyngn Inc. has announced the pricing of a public offering of 33,333,333 shares of its common stock at a price of $0.15 per share, aiming to raise $5 million in capital.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 2:04 pm

AAPL

CSCO

DELL

GOOG

NOK

Cyclone Michaung has disrupted manufacturing operations in Chennai, affecting suppliers to major tech companies like Apple, Dell, and Nokia. While most companies have resumed production, the cyclone's impact could have short-term implications for these companies' supply chains. Apple's suppliers Foxconn, Salcomp, Luxshare, and Pegatron, as well as Dell, Nokia, and Cisco, which have significant operations in the area, are particularly noteworthy. Google's expansion plans with Alphabet CEO Sundar Pichai's discussions and partnership with HP for Chromebook manufacturing in India are also highlighted.

Portfolio Pulse from Surbhi Jain

December 08, 2023 | 2:00 pm

CASY

Over the past 3 months, 8 Wall Street analysts have provided ratings for Casey's General Stores (NASDAQ:CASY), with an average 12-month price target of $286.38, a high of $312.00, and a low of $275.00. The current average price target represents a 6.07% increase from the previous average of $270.00. The ratings include 3 bullish, 3 somewhat bullish, and 2 indifferent, with no bearish ratings. These ratings are based on analysts' predictions and are intended to guide investors.

Portfolio Pulse from Benzinga Insights

December 08, 2023 | 2:00 pm