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ELBM

Electra has been granted an extension until September 16, 2024, to meet Nasdaq's minimum bid price requirement, allowing its shares to continue trading on Nasdaq during this period.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 8:42 pm

ABNB

Airbnb Inc (NASDAQ:ABNB), now valued at $105 billion, was once rejected by 7 investors who were offered a 10% stake for $150,000 in 2008. These investors did not see the potential in Airbnb's concept of short-term vacation rentals. The company went public in 2020 with a valuation of $47 billion. The rejected stake would be worth $10.5 billion today. Airbnb later received funding from Sequoia Capital and Y Combinator, with Y Combinator benefiting significantly from its growth.

Portfolio Pulse from Chris Katje

March 21, 2024 | 8:42 pm

AHR

American Healthcare REIT reported a GAAP net loss but showed strong NFFO growth in Q4 and FY23, driven by occupancy gains and revenue growth in its portfolio. The company also disposed of $195 million in Non-Core Properties, completed a public offering of 64.4 million shares, and paid down $721 million in debt, improving its leverage metrics. AHR is now listed on the NYSE under the symbol 'AHR'.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 8:41 pm

GOEV

Canoo Inc. (NASDAQ:GOEV) shares surged following the U.S. Department of Commerce's approval of its Oklahoma City facility as a Foreign Trade Zone, enhancing its electric vehicle manufacturing strategy in America. The approval is expected to improve unit profitability and expedite breakeven. The Oklahoma City site, employing over 100 people, aims to create up to 1,100 manufacturing jobs at full capacity. The FTZ designation benefits include eliminating customs duties on international sales and deferring duties on imported parts for domestic sales. Canoo's stock has risen nearly 200% since the announcement. However, year to date, GOEV shares have lost 64.35%, outperforming its historical average annual return of -78.69%. The stock's RSI of 78.36 indicates overbought conditions.

Portfolio Pulse from Erica Kollmann

March 21, 2024 | 8:35 pm

FDX

FedEx Corporation (NYSE:FDX) reported Q3 earnings of $3.86 per share, surpassing the consensus estimate of $3.45, and announced a $5 billion share repurchase program. However, quarterly sales of $21.7 billion missed estimates by 1.54%. The company also updated its FY 2024 guidance to earnings of $17.25 to $18.25 per share and expects $1.8 billion in cost reductions from its DRIVE transformation program. FedEx shares rose 10% after-hours to $291.31.

Portfolio Pulse from Erica Kollmann

March 21, 2024 | 8:33 pm

CJET

Chijet Motor has received a Nasdaq notice of deficiency due to the resignation of a director, which may affect its compliance with Nasdaq's listing rules.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 8:33 pm

SPWR

SunPower Corp. has received a notification from Nasdaq due to the delayed filing of its annual report on Form 10-K. This delay could potentially lead to non-compliance with Nasdaq's listing requirements if not resolved timely.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 8:31 pm

PCG

PG&E's (NYSE:PCG) short interest has decreased by 14.37% since the last report, with 29.94 million shares sold short, representing 1.37% of available shares. The current short interest suggests a more bullish market sentiment towards PG&E compared to its peers, with the peer group average at 2.73% of float. This change in short interest could influence PG&E's stock performance in the short term.

Portfolio Pulse from Benzinga Insights

March 21, 2024 | 8:30 pm

CCI

Crown Castle's (NYSE:CCI) short interest has decreased by 10.53% since the last report, with 3.82 million shares sold short, representing 1.02% of its float. The current short interest suggests a bullish sentiment compared to its peer group average of 3.90% short interest as a percentage of float. This change in short interest could influence Crown Castle's stock performance in the short term.

Portfolio Pulse from Benzinga Insights

March 21, 2024 | 8:30 pm

URI

United Rentals (NYSE:URI) has seen a decrease in short interest, with 3.26 million shares sold short, representing 5.54% of its float. This is a decline of 11.92% from its last report, taking an average of 3.65 days for traders to cover short positions. The decrease in short interest could indicate a more bullish sentiment towards URI compared to its peers, where the average short interest as a percentage of float is 3.80%.

Portfolio Pulse from Benzinga Insights

March 21, 2024 | 8:30 pm