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BLK

BlackRock's (NYSE:BLK) short percent of float has risen 4.76% since its last report, with 2.61 million shares sold short, which is 1.76% of all regular shares available for trading. It would take traders 3.56 days to cover their short positions on average. BlackRock's peer group average for short interest as a percentage of float is 3.05%, which means the company has less short interest than most of its peers.

Portfolio Pulse from Benzinga Insights

October 05, 2023 | 6:30 pm

SQQQ

ProShares UltraPro Short QQQ ETF (NASDAQ:SQQQ) shares are trading higher by 1.1% amid overall market weakness and recent strength in Treasury yields. The ETF is designed for short-term trading and market timing strategies. It is particularly relevant to the technology sector as the NASDAQ-100 Index is heavily weighted toward technology and growth-oriented stocks. Rising interest rates can lead to higher discount rates applied to future cash flows, potentially reducing the present value of future earnings for tech companies, which can benefit SQQQ.

Portfolio Pulse from Henry Khederian

October 05, 2023 | 6:30 pm

PLUG

Plug Power Inc's shares are trading lower by 1.95% to $6.40. The fall is attributed to JP Morgan analyst Bill Peterson maintaining shares with an Overweight and lowering the price target from $14 to $12. The stock also marked a new 52-week low this week following a price target cut from Truist Securities. The ongoing strength in Treasury yields, which makes safer investments like government bonds more attractive, is also affecting the stock.

Portfolio Pulse from Henry Khederian

October 05, 2023 | 6:27 pm

MRTX

Mirati Therapeutics shares are trading higher amid an FDA advisory committee meeting discussing a rival drug by Amgen.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 6:25 pm

CARR

BofA Securities analyst Andrew Obin has downgraded Carrier Global Corporation (NYSE:CARR) to Underperform from Neutral, lowering the price target to $55 from $62 due to increasing HVAC concerns in Europe. The analyst notes that countries are diluting green incentives and regulations, leading to a slowdown in the market. This is particularly impactful for Carrier as Viessmann's revenue is approximately 40% heat pumps. The analyst also notes that Carrier's valuation has been rerated upwards following the announcement of the Viessmann acquisition.

Portfolio Pulse from Nabaparna Bhattacharya

October 05, 2023 | 6:24 pm

APLS

Apellis Pharmaceuticals reported preliminary U.S. Q3 net product revenue for SYFOVRE, which led to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 6:23 pm

ACAQ

Shares of Athena Consumer Acquisition Corp. have resumed trading.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 6:12 pm

DINO

BMO Capital analyst Phillip Jungwirth initiated coverage on HF Sinclair Corp (NYSE: DINO) with an Outperform rating and a price target of $65. The analyst believes DINO has lagged behind peers during the current refining upcycle and expects the company's execution to improve across refining and renewable diesel business. He also expects management to execute against its 50% adjusted net income payout target, driving capital returns of 11% in FY23 and 7% in FY24.

Portfolio Pulse from Lekha Gupta

October 05, 2023 | 6:11 pm

ACAQ

Shares of Athena Consumer Acquisition Corp. (ACAQ) were halted on a circuit breaker after resuming trade, with the stock now up 51.1%.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 6:07 pm

MSCI

In the last quarter, MSCI (NYSE:MSCI) received 6 somewhat bullish, 3 indifferent, and 1 somewhat bearish analyst ratings. The company's average 12-month price target is $573.2, with a high of $650.00 and a low of $450.00. The average price target has increased by 1.35% over the past month.

Portfolio Pulse from Benzinga Insights

October 05, 2023 | 6:00 pm