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POL

Polished.com Inc. (NYSE:POL) has announced a 1-for-50 reverse stock split of its outstanding shares of common stock, effective from October 20, 2023. The company's common stock will continue to trade on the NYSE American under the existing symbol 'POL'.

Portfolio Pulse from Charles Gross

October 19, 2023 | 5:51 pm

CJET

Chijet Motor Co Inc's shares have risen by 22.8% to $2.80, despite no company-specific news. Earlier this week, the company announced the successful completion of a rural marketing campaign in line with the Chinese government's push for NEV adoption in rural areas. The company's NEV products have gained popularity among rural consumers. Chijet Motor sees this initiative as a vital step to expand its sales channels and expects NEVs to become common in suburban and rural markets, driving the company's growth.

Portfolio Pulse from Henry Khederian

October 19, 2023 | 5:49 pm

EIS

SPY

USO

The U.S. State Department has reported 32 American deaths and 11 unaccounted for amid the ongoing Middle East conflict. The news may impact the performance of certain ETFs.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 5:47 pm

BYDDY

F

NIO

TSLA

Chinese EV battery maker CATL is closing in on LG as the world's top EV battery supplier, with its market share increasing significantly. The company powers Tesla and NIO's product lines and expects to triple its profits in Q3. Despite having no international stock market presence, CATL is on track to become the largest global supplier of EV battery parts. The company has seen a 111% jump in battery supplies, mostly to Tesla, Nio, Mercedes-Benz, Volvo, and SAIC Motor Corp. CATL is also in talks with Hyundai and Kia for potential deals.

Portfolio Pulse from Daniel Harrison

October 19, 2023 | 5:46 pm

NKE

Nike's (NYSE:NKE) short percent of float has risen 30.53% since its last report, with 16.95 million shares sold short, which is 1.71% of all regular shares available for trading. It would take traders 2.29 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. Nike's peer group average for short interest as a percentage of float is 7.64%, which means the company has less short interest than most of its peers.

Portfolio Pulse from Benzinga Insights

October 19, 2023 | 5:45 pm

TRV

Travelers Companies's (NYSE:TRV) short percent of float has risen 15.45% since its last report, with 2.89 million shares sold short, which is 1.27% of all regular shares available for trading. It would take traders 2.59 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. However, Travelers Companies's peer group average for short interest as a percentage of float is 1.69%, which means the company has less short interest than most of its peers.

Portfolio Pulse from Benzinga Insights

October 19, 2023 | 5:45 pm

A

Agilent Technologies (NYSE:A) has seen a 12.82% rise in its short percent of float since its last report, with 4.55 million shares sold short, representing 1.76% of all regular shares available for trading. This could indicate a bearish sentiment towards the stock. However, compared to its peers, Agilent has less short interest, with the peer group average at 4.94%.

Portfolio Pulse from Benzinga Insights

October 19, 2023 | 5:45 pm

TSLA

Guggenheim analyst Ronald Jewsikow has reiterated a 'Sell' rating on Tesla (NASDAQ:TSLA) and maintained a price target of $125.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 5:43 pm

KTB

Goldman Sachs analyst Brooke Roach has upgraded Kontoor Brands Inc (KTB) from Neutral to Buy and raised the price target from $51 to $56. The upgrade is based on KTB's strong execution, investments in marketing and product, and significant market share gains over recent quarters. The analyst expects further share gains supported by product diversification, value-based market positioning, and attractive end-market exposure. There is also potential for growth in Direct-to-Consumer (DTC) globally and in China as KTB builds the Wrangler brand.

Portfolio Pulse from Shivani Kumaresan

October 19, 2023 | 5:41 pm

CCG

GOCO

HALL

ROOT

During Thursday's intraday session, insurance stocks saw significant movement. Gainers included Root (NASDAQ:ROOT), GoHealth (NASDAQ:GOCO), Goosehead Insurance (NASDAQ:GSHD), Assurant, Inc. 5.25% Subordinated Notes due 2061 (NYSE:AIZN), Arch Capital Group (NASDAQ:ACGLN), and American Financial Group, Inc. 5.125% Subordinated Debentures due 2059 (NYSE:AFGC). Losers included Cheche Group (NASDAQ:CCG), Hallmark Financial Servs (NASDAQ:HALL), Oxbridge Re Holdings (NASDAQ:OXBR), Hanover Insurance Gr (NYSE:THG), Tian Ruixiang Holdings (NASDAQ:TIRX), and Kemper (NYSE:KMPR).

Portfolio Pulse from Benzinga Insights

October 19, 2023 | 5:40 pm