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VVPR

VivoPower's Executive Chairman and CEO has filed a Form 4, indicating an increase in shareholding to 13.5%. This move demonstrates a significant vote of confidence in the company's future prospects by its leadership.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 1:27 pm

SGBX

Safe & Green Holdings Corp (NASDAQ:SGBX) shares fell 25% to $4.15 after announcing a $4 million private placement priced at-the-market. The deal includes 1,379,310 shares of common stock and warrants for up to 2,758,620 shares at $2.90 per share, with warrants exercisable at $2.65. The offering, closing around May 7, aims to raise funds for general corporate purposes and potentially repaying debt.

Portfolio Pulse from Henry Khederian

May 06, 2024 | 1:26 pm

LYRA

Lyra Therapeutics Inc (NASDAQ:LYRA) stock plummeted 93% to $0.30 after announcing its Phase 3 ENLIGHTEN 1 trial for LYR-210 in chronic rhinosinusitis failed to meet its primary endpoint. Despite some improvements in secondary measures, the trial's main goal was not achieved. The company plans operational changes and workforce reductions to conserve cash. Over the past year, LYRA shares have fallen 88.24%, with a significant drop of 93.98% in the last month. The stock's all-time high was $9.43, indicating a potential upside of 2972.66% from current levels. The stock is considered oversold, with an RSI of 20.68.

Portfolio Pulse from Henry Khederian

May 06, 2024 | 1:25 pm

AAPL

ALCC

BA

DIS

DJT

HIMS

HOOD

NVDA

PLTR

TSLA

The top 10 trending stocks on WallStreetBets as of May 6, 2024, include TSLA, PLTR, ALCC, AAPL, HOOD, NVDA, BA, DIS, DJT, and HIMS, according to data from Swaggy Stocks.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 1:23 pm

PTON

Citigroup analyst Ronald Josey downgraded Peloton Interactive (PTON) from Buy to Neutral and reduced the price target from $8 to $4.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 1:22 pm

ODFL

Old Dominion Freight Line (ODFL) has seen a 112.04% increase in short interest since its last report, with 4.46 million shares sold short, representing 2.29% of its float. It would take about 4.81 days to cover all short positions. This rise in short interest can indicate a bearish market sentiment towards ODFL, although it has less short interest compared to its peer group average of 4.71%. The increase in short interest doesn't necessarily predict a price drop but suggests traders are betting more on its decline.

Portfolio Pulse from Benzinga Insights

May 06, 2024 | 1:15 pm

SLB

Schlumberger's (NYSE:SLB) short interest has decreased by 8.11% since the last report, with 19.39 million shares sold short, representing 1.36% of its float. The current short interest suggests a bullish sentiment among investors compared to its peer group average of 7.06% short interest as a percentage of float. The decrease in short interest indicates fewer traders are betting against the stock, which could influence its short-term price movement.

Portfolio Pulse from Benzinga Insights

May 06, 2024 | 1:15 pm

GILD

Gilead Sciences (NYSE:GILD) has seen a 4.62% increase in its short percent of float since the last report, with 22.57 million shares sold short, representing 1.81% of available shares. This indicates a bearish sentiment among investors, although it's not a definitive predictor of stock price movement. Gilead has a lower short interest compared to its peer group average of 5.56%, suggesting less bearish sentiment relative to its peers.

Portfolio Pulse from Benzinga Insights

May 06, 2024 | 1:15 pm

GLYC

GlycoMimetics Inc. (NASDAQ:GLYC) reported that its Phase 3 study of uproleselan in relapsed/refractory acute myeloid leukemia (R/R AML) failed to meet the primary endpoint of statistically significant improvement in overall survival. The study compared uproleselan combined with chemotherapy against chemotherapy alone, showing a median overall survival of 13 months versus 12.3 months in the placebo group. Despite the setback, the company plans to conduct a comprehensive data analysis for future presentation. GLYC shares plummeted 78.2% to $0.39 in premarket trading following the announcement.

Portfolio Pulse from Vandana Singh

May 06, 2024 | 1:13 pm

LI

Li Auto shares are trading higher following the announcement that cumulative orders for the L6 model exceeded 41,000 between April 18 and May 5.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 1:13 pm