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MRK

Merck & Co's (NYSE:MRK) short interest has increased by 9.23% since the last report, with 18.02 million shares sold short, representing 0.71% of available shares. It would take 2.71 days to cover all short positions. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price drop. Merck has less short interest compared to its peer group average of 3.48%.

Portfolio Pulse from Benzinga Insights

December 04, 2023 | 4:45 pm

SOFI

SoFi Technologies, Inc. (NASDAQ:SOFI) shares have risen over 12% in the past five days, influenced by Jim Cramer's bullish stance on CNBC's 'Mad Money Lightning Round' and a new deal with Blockchain.com to migrate SoFi's U.S. crypto accounts to Blockchain.com's platform. The stock is currently trading above its 50-day moving average but below its 52-week high.

Portfolio Pulse from Erica Kollmann

December 04, 2023 | 4:44 pm

MSTR

MicroStrategy Incorporated (NASDAQ:MSTR) stock is trading higher, correlating with a surge in Bitcoin's price, which crossed the $41,500 mark. MicroStrategy's CEO Michael Saylor announced the purchase of additional Bitcoin, now holding 174,530 BTC. The company's stock hit a new 52-week high of $577.77, with a significant short interest of 25.16%. The optimism around a potential spot ETF for Bitcoin has also contributed to the crypto rally this year.

Portfolio Pulse from Erica Kollmann

December 04, 2023 | 4:43 pm

HNST

The Honest Company Inc. [HNST] has expanded its partnership with Tinuiti, a performance marketing firm. Tinuiti will continue to manage The Honest Company's Paid Media, including Paid Search, Shoppable Media, Paid Social, Affiliate, Marketplaces, and Analytics. The collaboration has led to improved media performance and sales, particularly on Amazon, where Tinuiti helped reduce cart abandonment and lower the cost per acquisition for new customers. Tinuiti has also achieved other milestones, such as team expansion, becoming a premier launch partner for Microsoft Advertising Network for Retail, and winning the Microsoft Global Client Partner of the Year Award.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 4:43 pm

PVH

UBS analyst Jay Sole has maintained a Buy rating on PVH Corp (NYSE:PVH) and increased the price target from $125 to $158.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 4:38 pm

NIO

TSLA

NIO Inc (NASDAQ:NIO) shares are trading higher due to updates on its global infrastructure network expansion and November delivery numbers. The company reported 15,959 vehicle deliveries in November, a 12.6% increase year-over-year, and has delivered 142,026 vehicles year-to-date. Nio's stock may also be positively influenced by Tesla Inc's (NASDAQ:TSLA) reported 17.8% year-over-year drop in China sales for November, although Tesla's China-made deliveries rose by 14% from October. Nio is expected to report a Q3 loss of 43 cents per share on revenue of $2.63 billion. Nio shares were up 1.75% at $7.28 at the time of publication.

Portfolio Pulse from Adam Eckert

December 04, 2023 | 4:35 pm

BDX

Over the past 20 years, Becton Dickinson (NYSE:BDX) has produced an average annual return of 9.42%, outperforming the market by 1.97% annually. A $1000 investment in BDX 20 years ago would be worth $6,138.75 today. The company's current market capitalization stands at $69.12 billion.

Portfolio Pulse from Benzinga Insights

December 04, 2023 | 4:30 pm

BX

Over the past 15 years, Blackstone (NYSE:BX) has produced an average annual return of 20.47%, outperforming the market by 9.03% on an annualized basis. A $100 investment in BX 15 years ago would be worth $1,662.70 today. Blackstone's market capitalization currently stands at $85.91 billion.

Portfolio Pulse from Benzinga Insights

December 04, 2023 | 4:30 pm

UCAR

U Power Ltd (NASDAQ:UCAR), a Chinese vehicle services company, is issuing 10 million units at $1.20 each to raise $12 million. The offering includes shares and warrants, aiming to fund acquisitions of battery swapping companies and meet general corporate needs. The offering is set to close around December 6. UCAR's 52-week range is between $0.65 and $75.00.

Portfolio Pulse from Henry Khederian

December 04, 2023 | 4:24 pm

SLG

SL Green Realty Corp (NYSE:SLG) shares rose approximately 7% following the announcement of a deal to sell its ownership stake in 625 Madison Avenue for $632.5 million. The sale to a global real estate investor values the property at $1,123 per square foot. SL Green plans to use the net proceeds to repay corporate debt and will also originate a $234.5 million preferred equity investment in the property. Truist Securities reaffirmed a Buy rating on SLG and increased its price target to $42 from $41. SLG's stock price increased to $43.08.

Portfolio Pulse from Lekha Gupta

December 04, 2023 | 4:23 pm