Streetbeat News

Stock Prices

ROK

Rockwell Automation's (NYSE:ROK) short percent of float has fallen 11.08% since its last report, with 3.17 million shares sold short, which is 3.13% of all regular shares available for trading. This decrease in short interest could indicate a more bullish market sentiment towards the stock. Compared to its peers, Rockwell Automation has less short interest.

Portfolio Pulse from Benzinga Insights

September 25, 2023 | 6:45 pm

BCLI

BPTS

GWH

MORF

RNAZ

SCYX

U.S. stocks traded mixed with the Nasdaq Composite trading higher and the Dow trading down. TransCode Therapeutics shares surged 218% after announcing pre-clinical gliblastoma results. ESS Tech shares rose 24% after Honeywell International entered into a strategic collaboration with ESS Tech. Biophytis shares gained 54% after announcing a partnership agreement for the production of Sarconeos for severe forms of Covid-19. SCYNEXIS shares dropped 34% after recalling BREXAFEMME and halting clinical studies. Brainstorm Cell Therapeutics shares were down 33% after the FDA said there is insufficient evidence to support the company's ALS therapy. Morphic Holding shares fell 37% after BTIG downgraded the stock from Buy to Neutral.

Portfolio Pulse from Lisa Levin

September 25, 2023 | 6:43 pm

CMCSA

Former President Donald Trump has suggested that Comcast Corp should be investigated for treason, accusing the company of 'Country Threatening Treason'. He singled out NBC News and MSNBC for one-sided coverage and threatened that they would be scrutinized if he were to win the presidency in 2024. In response, White House Deputy Press Secretary Andrew Bates defended the freedom of the press as a fundamental constitutional right. Comcast shares were down 0.88% at the time of publication.

Portfolio Pulse from Adam Eckert

September 25, 2023 | 6:41 pm

MMM

3M Co's shares are trading lower after 3M Belgium announced it is evaluating options to restart its idled PFAS manufacturing processes or to accelerate its discontinuance. This could lead to potential legal costs, fines, and reputational damage for the company. The stock is also affected by concerns about future rate hikes and lower-than-expected initial jobless claims data. The Federal Reserve maintained the federal funds rate within the 5.25% to 5.5% range at its September meeting.

Portfolio Pulse from Henry Khederian

September 25, 2023 | 6:31 pm

ADBE

Adobe's (NYSE:ADBE) short percent of float has risen 5.68% since its last report, with 4.25 million shares sold short, which is 0.93% of all regular shares available for trading. Short interest can act as an indicator of market sentiment towards a stock. Adobe's peer group average for short interest as a percentage of float is 3.31%, which means the company has less short interest than most of its peers.

Portfolio Pulse from Benzinga Insights

September 25, 2023 | 6:30 pm

NEM

Newmont's (NYSE:NEM) short percent of float has risen 4.49% since its last report, with 29.42 million shares sold short, which is 4.19% of all regular shares available for trading. This increase in short interest can signal that investors have become more bearish. Newmont's peer group average for short interest as a percentage of float is 2.89%, indicating the company has more short interest than most of its peers.

Portfolio Pulse from Benzinga Insights

September 25, 2023 | 6:30 pm

MORF

TAK

Morphic Therapeutic's (NASDAQ:MORF) shares plunged after the company announced new data from the Phase 2a EMERALD-1 study. The results showed that Morphic's investigational ulcerative colitis pill MORF-057 induced endoscopic improvement in 25.7% of treated patients at 12 weeks, which underwhelmed investors. The company's shares are down 38.10% at $22.72. Takeda Pharmaceutical's (NYSE:TAK) phase 3 trial showed higher rates of clinical remission and endoscopic improvement.

Portfolio Pulse from Vandana Singh

September 25, 2023 | 6:30 pm

NOC

Northrop Grumman's (NYSE:NOC) short percent of float has fallen 5.62% since its last report, with 1.27 million shares sold short, which is 0.84% 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, Northrop Grumman has less short interest.

Portfolio Pulse from Benzinga Insights

September 25, 2023 | 6:30 pm

KO

Coca-Cola Co (NYSE:KO) shares are trading lower by 1.2% to $56.91 during Monday's session, despite a lack of company-specific news. The volatility is attributed to concerns about future rate hikes following last Wednesday's FOMC statement and lower-than-expected initial jobless claims data. Higher interest rates can increase Coca-Cola's cost of capital and decrease the present value of the company's future cash flows, putting downward pressure on its stock price. Additionally, rising interest rates make fixed-income investments like bonds more attractive compared to dividend-paying stocks like Coca-Cola.

Portfolio Pulse from Henry Khederian

September 25, 2023 | 6:28 pm

NTES

Shares of NetEase Inc (NASDAQ:NTES) are trading lower amid concerns over China's property sector, particularly due to issues with China Evergrande. Economic instability and concerns about the property sector can lead to reduced consumer spending and lower advertising budgets, potentially affecting NetEase's ad revenue and user engagement on its platforms.

Portfolio Pulse from Henry Khederian

September 25, 2023 | 6:25 pm