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LYT

Lytus Technologies' shares were halted due to a circuit breaker trigger after the stock surged by 513.4%. This significant increase in stock price led to a temporary trading halt to manage volatility.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 3:51 pm

ALNT

Northland Capital Markets analyst Ted Jackson downgrades Allient (NASDAQ:ALNT) from Outperform to Market Perform and lowers the price target from $45 to $40.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 3:49 pm

CIEN

Ciena has revised its fiscal 2024 revenue expectations to a range of $4B-$4.3B, a decrease from its previous forecast of 1%-4% growth, which would have implied a revenue estimate of around $4.5B.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 3:49 pm

MEI

Methode Electronics shares dropped following disappointing Q3 financial results and the suspension of future guidance.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 3:45 pm

STNE

StoneCo (NYSE:STNE) has seen a 5.0% increase in short percent of float since its last report, with 13.36 million shares sold short, representing 4.62% of available shares. This indicates a bearish market sentiment towards STNE, although it has less short interest compared to its peers' average of 4.79%. The article suggests that an increase in short interest does not necessarily predict a near-term price fall.

Portfolio Pulse from Benzinga Insights

March 07, 2024 | 3:45 pm

V

Visa's (NYSE:V) short interest has increased by 10.88% since the last report, with 33.77 million shares sold short, representing 2.14% of its float. It would take about 5.27 days to cover these short positions based on current trading volume. This rise in short interest can indicate a more bearish market sentiment towards Visa, although it has less short interest compared to its peer group average of 4.90%. The increase in short interest doesn't necessarily predict a price drop but indicates heightened short selling activity.

Portfolio Pulse from Benzinga Insights

March 07, 2024 | 3:45 pm

KMI

Kinder Morgan (NYSE:KMI) has seen a 9.2% decrease in short interest, now at 28.67 million shares or 1.48% of float, indicating a potential shift in market sentiment towards more bullish views. Compared to its peers, KMI has a lower short interest percentage of float (3.47%), suggesting it may be performing better than similar companies.

Portfolio Pulse from Benzinga Insights

March 07, 2024 | 3:45 pm

CELZ

Creative Medical Technology Holdings' shares surged following the FDA's authorization for expanded access therapy using CELZ-20, indicating a positive development for the company and its stakeholders.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 3:42 pm

ML

MoneyLion shares surged following the announcement of better-than-expected Q4 revenue results and positive Q1 guidance.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 3:42 pm

NYCB

New York Community Bancorp (NYSE:NYCB) announced a $1 billion equity investment and management changes. Analysts have mixed views on its short-term impact, with price targets ranging from $3 to $7.50. The equity infusion is seen as dilutive but necessary for stability and confidence. Concerns remain about potential losses in the bank's portfolio, but the new management and investor base are viewed positively for a potential turnaround.

Portfolio Pulse from Chris Katje

March 07, 2024 | 3:41 pm