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BDX

Becton Dickinson's stock is trading lower possibly due to the establishment of a Digital Health Advisory Committee by the FDA.

Portfolio Pulse from Bill Haddad

October 11, 2023 | 7:32 pm

DXCM

DexCom's stock is trading lower possibly due to the establishment of a Digital Health Advisory Committee by the FDA.

Portfolio Pulse from Bill Haddad

October 11, 2023 | 7:31 pm

ZS

Zscaler's (NYSE:ZS) short percent of float has fallen 8.58% since its last report, with 5.34 million shares sold short, which is 5.97% of all regular shares available for trading. It would take traders 2.05 days to cover their short positions on average. The decrease in short interest can signal that investors have become more bullish. Zscaler's peer group average for short interest as a percentage of float is 5.03%, which means the company has more short interest than most of its peers.

Portfolio Pulse from Benzinga Insights

October 11, 2023 | 7:30 pm

IYR

OPEN

RKT

Z

Investor Anthony Pompliano warns that housing affordability in the U.S. has become a national crisis, with Goldman Sachs' home affordability index at its lowest in 26 years. Mortgage rates have risen to 8%, the highest in 20 years, leading to higher monthly payments. The real estate and housing industry have been negatively impacted, with Zillow Group, Opendoor Technologies, and Rocket Companies seeing significant stock declines. The iShares US Real Estate ETF is also down 7% YTD.

Portfolio Pulse from Aaron Bry

October 11, 2023 | 7:30 pm

TAK

Takeda Pharmaceutical's (NYSE:TAK) short percent of float has risen 52.38% since its last report, with 9.93 million shares sold short, which is 0.32% of all regular shares available for trading. It would take traders 5.32 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. Takeda Pharmaceutical's peer group average for short interest as a percentage of float is 3.06%, which means the company has less short interest than most of its peers.

Portfolio Pulse from Benzinga Insights

October 11, 2023 | 7:30 pm

INFY

Infosys's (NYSE:INFY) short percent of float has fallen 29.36% since its last report, with 31.81 million shares sold short, which is 0.77% of all regular shares available for trading. It would take traders 4.99 days to cover their short positions on average. The company has less short interest than most of its peers, with the peer group average for short interest as a percentage of float being 2.32%.

Portfolio Pulse from Benzinga Insights

October 11, 2023 | 7:30 pm

CMG

Chipotle Mexican Grill Inc. (CMG) plans to increase its prices after pausing hikes this year, according to CNBC. The decision comes as the company faces rising costs.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 7:24 pm

PXD

XOM

Exxon Mobil Corporation (XOM) has announced plans to acquire Pioneer Natural Resources (PXD) for $64.5 billion, marking one of its largest acquisitions in company history. This is the biggest deal by Exxon Mobil since the merger of Exxon and Mobil in 1999. An investment of $1,000 in Exxon Mobil stock when the merger closed in 1999 would be worth $2,635.66 today, marking a hypothetical return of 163.6% over the last 24 years. When factoring in dividends, the return would be 458.8%.

Portfolio Pulse from Chris Katje

October 11, 2023 | 7:24 pm

SILK

Silk Road Medical Inc (NASDAQ:SILK) reported lower than expected Q3 revenue and projected FY23 revenue below consensus. The company's CEO, Erica Rogers, also announced her retirement. Following these announcements, Citi downgraded the stock from Buy to Sell, Piper Sandler lowered the price target, and Stifel downgraded the stock from Buy to Hold.

Portfolio Pulse from Vandana Singh

October 11, 2023 | 7:24 pm

CRM

A significant bullish stance on Salesforce (NYSE:CRM) has been observed, with unusual options activity. The sentiment among these big-money traders is split between 54% bullish and 45% bearish. The price target for Salesforce over the last 3 months has been between $65.0 to $230.0. Several experts have downgraded their actions but with high price targets. The next earnings are expected in 49 days.

Portfolio Pulse from Benzinga Insights

October 11, 2023 | 7:18 pm