Streetbeat News

Stock Prices

APH

Amphenol's (NYSE:APH) short percent of float has risen 15.85% since its last report, with 4.91 million shares sold short, which is 0.95% of all regular shares available for trading. It would take traders 2.23 days to cover their short positions on average. The company has less short interest than most of its peers, with an average of 3.94%.

Portfolio Pulse from Benzinga Insights

October 11, 2023 | 1:00 pm

FHI

In the last quarter, Federated Hermes (NYSE:FHI) received various analyst ratings, with 1 bullish, 1 somewhat bullish, and 2 indifferent. The company has an average 12-month price target of $39.25, a decrease of 4.27% from the previous average of $41.00.

Portfolio Pulse from Benzinga Insights

October 11, 2023 | 1:00 pm

CAG

COTY

FNKO

Insiders at Funko, Inc. (NASDAQ:FNKO), Conagra Brands, Inc. (NYSE:CAG), and Coty Inc. (NYSE:COTY) have recently made notable purchases of their companies' stocks. Funko's 10% owner acquired shares worth around $1.54 million, despite the company's recent earnings miss and weak guidance. Conagra Brands' Director bought shares worth around $252,290 following the company's upbeat earnings report for its first quarter. Coty's Director purchased shares worth around $50,138 as the company priced its global offering of 33 million outstanding Class A common stock at $10.80.

Portfolio Pulse from Lisa Levin

October 11, 2023 | 12:58 pm

UNRV

Unrivaled Brands, Inc. (OTCQB:UNRV) plans to reorganize under a new Delaware holding company, Blum Holdings, Inc. The reorganization will exchange each outstanding share of Unrivaled’s common stock and Series V preferred stock on a one-for-one basis for a share of Blüm. Unrivaled stockholders will also be asked to approve a reverse stock split of the company’s common stock at a ratio determined by the board of directors of Unrivaled in the range between a 1-for-70 to 1-for-100. The reorganization is expected to be completed in Q4 2023.

Portfolio Pulse from Jelena Martinovic

October 11, 2023 | 12:52 pm

ABT

ALB

CVS

HLF

HON

VKTX

Jim Cramer, host of CNBC's 'Mad Money Lightning Round', shared his views on several companies. He praised Abbott Laboratories (ABT) and Honeywell International (HON), but advised against investing in CVS Health Corporation (CVS) and Albemarle Corporation (ALB) due to Elon Musk's disapproval of the latter. He also mentioned that he's moving on from Herbalife Ltd. (HLF) and that Viking Therapeutics (VKTX) is a good speculation but could be risky.

Portfolio Pulse from Priya Nigam

October 11, 2023 | 12:51 pm

HOFV

Hall Of Fame Resort & Entertainment Company (HOFV) has announced the pricing of its $2.8M public offering of 750,000 common stock and warrants at $3.75 per share.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 12:47 pm

NVO

PHIO

TPST

Tempest Therapeutics (TPST) released new data showing superiority of TPST-1120 across multiple study endpoints, causing a 440% increase in its stock. Phio Pharmaceuticals (PHIO) presented new data for targeting BRD4 with its INTASYL™ Compound PH-894, leading to a 77% increase in its stock. Novo Nordisk (NVO) shares rose by 5.3% after the independent Data Monitoring Committee recommended to stop semaglutide FLOW kidney trial due to signs of early efficacy.

Portfolio Pulse from ryanfaloona@benzinga.com

October 11, 2023 | 12:42 pm

CZR

MGM

MGM Resorts International's CEO, Bill Hornbuckle, reportedly ignored hackers' ransom demands after they infiltrated the casino chain's computer system. The company had already discovered the cyberattack and begun rebuilding systems that were pulled offline. The attack is suspected to have been carried out by Scattered Spider, a group also suspected of a parallel digital invasion at Caesars Entertainment, Inc. MGM estimates a negative impact of approximately $100 million due to the attack.

Portfolio Pulse from Nabaparna Bhattacharya

October 11, 2023 | 12:40 pm

HYLN

Hyliion Holdings Corp (HYLN) shares have dropped by 35.9% following the company's announcement that it is exploring strategic options for its powertrain business due to slow market adoption and regulatory compliance needs. The company will continue commercializing the KARNO generator but will pause efforts like securing orders for their Hypertruck ERX and new powertrain development work. A conference call to discuss this strategic review will be held on October 11.

Portfolio Pulse from Henry Khederian

October 11, 2023 | 12:39 pm

HYLN

Hyliion has announced a strategic review of alternatives for its electric powertrain business, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 12:38 pm