Streetbeat News

Stock Prices

CALM

Cal-Maine Foods, Inc. (NASDAQ:CALM) reported worse-than-expected Q1 sales results, causing its shares to drop in the after-hours trading session. The company posted earnings of two cents per share, missing by 55 cents, and revenue of $459.34 million, missing by $20.18 million. The company's CEO attributed the results to the return of egg prices to normal levels after a record high in fiscal 2023 and the recovery of egg supply from a recent avian influenza outbreak.

Portfolio Pulse from Ryan Gustafson

October 03, 2023 | 8:48 pm

SLB

The short percent of float for Schlumberger Limited (NYSE:SLB) has risen by 4.05% since its last report, with 21.90 million shares sold short, representing 1.54% of all regular shares available for trading. It would take traders 2.3 days on average to cover their short positions. The company's short interest is less than its peer group average of 5.61%.

Portfolio Pulse from Benzinga Insights

October 03, 2023 | 8:45 pm

GD

General Dynamics's (NYSE:GD) short percent of float has fallen 13.89% since its last report, with 2.25 million shares sold short, which is 0.93% of all regular shares available for trading. This decrease in short interest could signal a more bullish market sentiment towards the stock. Compared to its peers, General Dynamics has less short interest as a percentage of float, with an average of 2.78%.

Portfolio Pulse from Benzinga Insights

October 03, 2023 | 8:45 pm

TMUS

T-Mobile US's (NYSE:TMUS) short percent of float has risen 6.2% since its last report, with 27.77 million shares sold short, which is 4.97% of all regular shares available for trading. This increase in short interest can signal that investors have become more bearish. However, increasing short interest can also be bullish for a stock.

Portfolio Pulse from Benzinga Insights

October 03, 2023 | 8:45 pm

KZR

Trading of Kezar Life Sciences shares has resumed.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 8:40 pm

MSPR

MSP Recovery announced a 1-for-25 reverse stock split to regain compliance with Nasdaq's minimum bid price requirement, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 8:38 pm

FORA

Forian Inc. has repurchased an aggregate of 1,604,676 shares of its common stock in a privately negotiated transaction at a redemption price of $2.15 per share.

Portfolio Pulse from Bill Haddad

October 03, 2023 | 8:37 pm

BROG

Brooge Energy announced that GULFNAV has submitted a proposal to acquire all of its businesses and assets, leading to a rise in Brooge Energy's share prices.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 8:36 pm

ARCH

B. Riley Securities analyst Lucas N. Pipes has reiterated the Buy rating on Arch Resources, Inc. (NYSE:ARCH), but lowered the price target to $188 from $197. The analyst noted that Arch Resources has lowered its coking coal sales volume guidance and increased cost guidance for the full year, indicating a less optimistic outlook. The company is unlikely to achieve the 10 million watermark before 2025, leading to a reduction in the price target.

Portfolio Pulse from Nabaparna Bhattacharya

October 03, 2023 | 8:35 pm

USO

The American Petroleum Institute (API) reported a weekly crude oil stock draw of 4.210 million barrels, significantly higher than the estimated 92,000 barrel draw.

Portfolio Pulse from Bill Haddad

October 03, 2023 | 8:35 pm