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Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 1:17 pm

STSS

STSSW

Sharps Technology, Inc. (NASDAQ: STSS and STSSW) has announced a definitive agreement with institutional investors for a registered direct offering and private placement of common stock and pre-funded warrants. The transactions, priced at the market under Nasdaq rules, are expected to generate approximately $5.6 million in gross proceeds. The company plans to use the net proceeds for working capital and general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 1:16 pm

Dominion Energy's (NYSE:D) short percent of float has risen 28.99% since its last report, with 7.46 million shares sold short, which is 0.89% of all regular shares available for trading. It would take traders 1.19 days to cover their short positions on average. The company's short interest is less than its peer group average of 2.27%.

Portfolio Pulse from Benzinga Insights

September 27, 2023 | 1:15 pm

MET

MetLife's (NYSE:MET) short percent of float has risen 4.05% since its last report, with 9.67 million shares sold short, which is 1.54% of all regular shares available for trading. It would take traders 2.49 days to cover their short positions on average. The company's short interest is less than its peer group average of 2.61%.

Portfolio Pulse from Benzinga Insights

September 27, 2023 | 1:15 pm

BCS

Barclays's (NYSE:BCS) short percent of float has risen 14.29% since its last report, with 2.96 million shares sold short, which is 0.08% of all regular shares available for trading. This increase in short interest can signal that investors have become more bearish. However, compared to its peers, Barclays has less short interest as a percentage of float, which is 0.90% on average.

Portfolio Pulse from Benzinga Insights

September 27, 2023 | 1:15 pm

ALZN

CMRX

NTWK

Insiders at Alzamend Neuro, Chimerix, and NetSol Technologies have recently purchased shares in their respective companies. Alzamend Neuro's CFO acquired 53,000 shares at an average price of $0.19, following the company's submission of an investigational new drug application to the FDA. Chimerix's Director bought 20,000 shares at an average price of $0.98 after the company posted a narrower-than-expected Q2 loss. NetSol Technologies' CEO purchased 10,000 shares at an average price of $1.88, despite the company posting a wider loss for Q4.

Portfolio Pulse from Lisa Levin

September 27, 2023 | 1:15 pm

CTAS

Cintas Corporation reported better-than-expected Q1 earnings, leading to an increase in FY24 revenue and EPS outlook. Despite this, Cintas shares fell 5.3%. Analysts from Baird and Stifel raised their price targets on Cintas following the earnings announcement.

Portfolio Pulse from Lisa Levin

September 27, 2023 | 1:13 pm

Sensata Technologies has announced a new $500 million share repurchase authorization. This move is expected to return value to shareholders and potentially boost the company's stock price.

Portfolio Pulse from Charles Gross

September 27, 2023 | 1:07 pm

CTNT

FFIE

QSG

SSU

In Wednesday's pre-market session, several consumer discretionary stocks saw significant movement. Gainers included Cheetah Net Supply Chain, QuantaSing Group, JX Luxventure, Greenlane Hldgs, Arcos Dorados Holdings, and Express. Losers included Faraday Future, SIGNA Sports United, Singing Machine Co, a.k.a. Brands Holding, and Amesite.

Portfolio Pulse from Benzinga Insights

September 27, 2023 | 1:06 pm

BKSY

EFSH

GLBS

GTEC

GWAV

KITT

MLKN

NEOV

PIXY

TURB

UGRO

Several industrial stocks experienced significant movement in Wednesday's pre-market session. ShiftPixy, MillerKnoll, NeoVolta, Greenwave Tech Solns, Turbo Energy, and BlackSky Technology saw gains, while Greenland Technologies, Urban-gro, 1847 Holdings, Nauticus Robotics, and Globus Maritime experienced losses.

Portfolio Pulse from Benzinga Insights

September 27, 2023 | 1:06 pm