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FMX

Fomento Economico (NYSE:FMX) has seen an 8.93% increase in its short percent of float since the last report, with 1.31 million shares sold short, representing 0.61% of available shares. It would take about 2.64 days to cover these short positions. This rise in short interest indicates a more bearish market sentiment towards FMX, although it has less short interest compared to its peers, with a peer group average of 7.65%.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 5:00 pm

TACT

Craig-Hallum has maintained its Buy rating for Transact Technologies (NASDAQ:TACT) but lowered its price target from $10.00 to $9.00. TACT's shares have fallen 6.11% in the last 24 hours to $6.45. A move to $9.00 represents a 39.53% potential increase. Transact Technologies develops technology and printing solutions mainly for the casino and gaming industry.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 5:00 pm

IQV

IQVIA Holdings (NYSE:IQV) reported a decrease in short interest, with 3.31 million shares sold short, representing 2.08% of its float. This marks an 8.77% decline from the last report. The current short interest suggests a bullish sentiment compared to its peer group average of 5.65% short interest as a percentage of float. The coverage time for traders to close their short positions is approximately 2.63 days.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 5:00 pm

JANX

B of A Securities has reaffirmed its Buy rating on Janux Therapeutics (NASDAQ:JANX), increasing the price target from $24.00 to $48.00. Despite a recent 1.44% decline in share price to $38.27, the new target suggests a potential 25.42% upside. Janux Therapeutics is a clinical-stage biopharmaceutical company focused on developing cancer treatments.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 5:00 pm

PH

Parker Hannifin's (NYSE:PH) short interest has increased by 17.65% since the last report, with 1.02 million shares sold short, representing 0.8% of its float. This indicates a bearish market sentiment, although it's lower than its peer group average of 3.09% short interest. The article suggests that an increase in short interest doesn't necessarily predict a stock price fall.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 5:00 pm

BLDR

Builders FirstSource (NYSE:BLDR) has significantly outperformed the market over the past decade, with an average annual return of 37.01%, turning a $1000 investment into $24,444.44 today. The company's market capitalization stands at $24.23 billion.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 5:00 pm

COO

JP Morgan upgraded its rating of Cooper Companies (NASDAQ:COO) to Overweight with a new price target of $120.00, up from $100.00. Shares of Cooper Companies have risen 1.88% in the last 24 hours to $103.45. The upgrade reflects a potential 16.0% increase from the current price. Cooper Companies, a leading eye care company in the U.S., operates through two segments: CooperVision and CooperSurgical, with significant market shares in contact lenses and IUDs respectively.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 5:00 pm

X

US Steel shares are trading lower after a report indicated that President Biden is expected to express concerns about Nippon Steel's takeover of US Steel.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 4:53 pm

BTBT

HIVE

Bitcoin's surge to $73,000 overshadows the appearance of Death Cross signals in HIVE Digital Technologies Ltd (NASDAQ:HIVE) and Bit Digital Inc (NASDAQ:BTBT) stocks, indicating potential downward trends. HIVE reported strong Q3 earnings with $30.1 million in revenue and a 38% Gross Operating Margin, despite a 30.68% drop YTD. Bit Digital experienced a 47.04% decline YTD but remains active in mining and staking, with a production of 128.7 BTC in February 2024. The Death Cross, a bearish signal, has been triggered for both stocks, aligning with economist Peter Schiff's concerns about the underperformance of Bitcoin mining stocks.

Portfolio Pulse from Surbhi Jain

March 13, 2024 | 4:51 pm

CPNG

Coupang's (NYSE:CPNG) short interest has decreased by 5.18% since the last report, with 20.14 million shares sold short, representing 1.83% of its float. The current short interest suggests it would take approximately 1.99 days to cover all short positions. This decline in short interest indicates a more bullish sentiment towards CPNG compared to its last report. Additionally, Coupang's short interest is significantly lower than its peer group average of 8.44%, suggesting a relatively positive market sentiment towards the company.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 4:45 pm