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SNDL

SNDL Inc. (NASDAQ:SNDL) has announced the renewal of its CA$100M share repurchase program, set to commence after the current program expires on November 20, 2023. The company can repurchase up to 13.1 million shares, representing 5% of outstanding shares. SNDL reported a 78% reduction in net loss for Q3 2023 YoY, with a net loss of CA$21.8 million. Net revenue increased by 3.1% to CA$237.6 million, with significant growth in cannabis retail and operations. The company has CA$785 million in unrestricted cash and no debt, with a net book value of CA$1.3 billion. SNDL's stock was up 11.19% to $1.58 per share following the news.

Portfolio Pulse from Jelena Martinovic

November 13, 2023 | 8:36 pm

GDHG

Shares of Golden Heaven Group (GDHG) were halted on a circuit breaker due to a sharp decline, with the stock currently down by 45.9%.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 8:24 pm

TSLA

Tesla's stock price is on the rise after reports surfaced that India is considering reducing taxes on electric vehicle (EV) imports, which could potentially boost Tesla's sales in the Indian market.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 8:21 pm

GDHG

Hindenburg Research has taken a short position on Golden Heaven Group (GDHG), citing a 'China Hustle' with a 493% stock increase since its IPO despite no significant news. Allegations include the CEO's history of fraud, undisclosed legal issues, and overvaluation of assets. GDHG's IPO valued the company at $200 million, a 27x increase from the previous transfer price of the parks.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 8:14 pm

BACK

THER

Theralink Technologies, Inc. (THER) and IMAC Holdings, Inc. (BACK) have responded to the SEC's comments on their Form S-4, filed for their merger. The companies expect feedback from the SEC within 10 business days. The merger aims to create a proteomics company focused on cancer care and protein analysis, with a robust patent estate, certified lab, and reimbursement agreements, including with Medicare.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 8:06 pm

COST

Analysts have provided ratings for Costco Wholesale (NASDAQ:COST) with 7 bullish, 17 somewhat bullish, and 3 indifferent ratings in the last quarter. The average price target is $593.89, representing an upside from the current price of $579. The target has increased by 3.63% over the past month. Analyst ratings are opinions on stock performance and are updated quarterly.

Portfolio Pulse from Benzinga Insights

November 13, 2023 | 8:00 pm

BLK

HOOD

ML

The trend of retail investors shifting from day trading to long-term investing is highlighted at Benzinga’s Fintech Deal Day And Awards event. Webull's CEO, Anthony Denier, and other panel members observed an increase in long-term investment strategies among their users. Stephanie Guild of Robinhood Markets (HOOD) attributed this shift to the bear market conditions. Trading platforms are promoting financial literacy to foster this change, with MoneyLion (ML) involving professionals to demonstrate their investment strategies. BlackRock Inc (BLK) is collaborating with platforms to provide educational content and trading strategies.

Portfolio Pulse from Neil Dennis

November 13, 2023 | 7:41 pm

HSY

Hershey's (NYSE:HSY) reported a decrease in short interest, with the short percent of float falling 18.1% to 1.72%. The current volume suggests it would take 1.38 days to cover short positions. While a decrease in short interest can indicate a more bullish sentiment, it does not necessarily predict a near-term price rise. Hershey's short interest is below its peer group average of 6.04%.

Portfolio Pulse from Benzinga Insights

November 13, 2023 | 7:30 pm

APH

Amphenol Corporation (NYSE:APH) has experienced an 11.34% increase in short interest since its last report, with 5.60 million shares sold short, representing 1.08% of its float. The average time to cover these short positions is 1.79 days. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price decline. Amphenol's short interest is below its peer group average of 3.72%.

Portfolio Pulse from Benzinga Insights

November 13, 2023 | 7:30 pm

DHR

Danaher Corporation (NYSE:DHR) has experienced a 3.41% increase in short interest since its last report, with 6.03 million shares sold short, representing 0.91% of its float. The average time to cover these short positions is 1.38 days. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price drop. Danaher's short interest is below its peer group average of 5.70%.

Portfolio Pulse from Benzinga Insights

November 13, 2023 | 7:30 pm