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CAVA

CAVA Group shares are experiencing an increase in trading activity due to the expiration of the IPO lockup period, which typically restricts insiders from selling their shares for a set period following an IPO.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 8:44 pm

NIO

Nio shares are trading lower due to recent EV seller data from China indicating that Nio did not rank within the top 10 companies for EV sales in China for the month of November.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 8:43 pm

AVGO

Broadcom Inc. shares are experiencing an uptick, potentially due to the current positive momentum in the semiconductor industry and a recent upgrade by an analyst.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 8:42 pm

INCY

Incyte Corporation (NASDAQ:INCY) stock has seen a significant increase, rising approximately 13% since Monday. The surge follows a period of consolidation over November and comes after the company's third-quarter financial results and 2023 net product revenue guidance. Additionally, the stock's price target has varied between $63 to $98 in the past month. The recent spike is attributed to the announcement of full results from the Phase 2 AGAVE-201 trial of axatilimab, presented at the American Society of Hematology Annual Meeting 2023. At the time of publication, INCY shares were up 8.75% at $62.03.

Portfolio Pulse from Ryan Gustafson

December 12, 2023 | 8:33 pm

NKE

Over the past 15 years, Nike (NYSE:NKE) has produced an average annual return of 16.17%, outperforming the market by 4.7% annually. A $1000 investment in NKE 15 years ago would now be worth $9,665.59. Nike's market capitalization currently stands at $182.11 billion.

Portfolio Pulse from Benzinga Insights

December 12, 2023 | 8:31 pm

KO

Coca-Cola's (NYSE:KO) short interest has decreased by 7.27% since the last report, with 21.89 million shares sold short, representing 0.51% of available shares. The average time to cover these short positions is 1.59 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. Coca-Cola has a lower short interest compared to its peer group average of 7.35%.

Portfolio Pulse from Benzinga Insights

December 12, 2023 | 8:15 pm

ROST

Ross Stores (NYSE:ROST) has seen a decrease in short interest, with the current level at 3.86 million shares or 1.36% of float. This represents a 3.55% drop since the last report and would take 1.31 days to cover based on average trading volume. Short interest is a market sentiment indicator, and Ross Stores has a lower short interest compared to its peer group average of 16.63%.

Portfolio Pulse from Benzinga Insights

December 12, 2023 | 8:15 pm

PDD

PDD Holdings (NYSE:PDD) has seen a 12.38% increase in short interest since the last report, with 31.71 million shares sold short, representing 4.72% of available shares. It would take about 2.82 days to cover all short positions. While an increase in short interest can indicate bearish sentiment, PDD Holdings has less short interest compared to its peers, with an average of 11.31% in the peer group. This rise in short interest does not necessarily predict a price drop but suggests traders are shorting more shares.

Portfolio Pulse from Benzinga Insights

December 12, 2023 | 8:15 pm

HLT

Hilton Worldwide Holdings Inc. (NYSE:HLT) stock has risen by 6.85% over the past month and 31.18% over the past year, currently trading at $178.47. The company's P/E ratio of 35.76 is higher than the industry average of 32.51, which could suggest overvaluation or better performance expectations.

Portfolio Pulse from Benzinga Insights

December 12, 2023 | 8:00 pm

LIND

Lindblad Expeditions' stock (LIND) is observed to be moving higher on increased volume following mentions in a microcap newsletter. The newsletter suggests that LIND is still undervalued but is no longer a contrarian pick.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 7:56 pm