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TTD

Trade Desk (NYSE:TTD) has seen a 7.56% increase in short interest since the last report, with 12.35 million shares sold short, representing 3.13% of available shares. The average time to cover these short positions is 1.31 days. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price drop. Trade Desk has less short interest compared to its peer group average of 4.88%.

Portfolio Pulse from Benzinga Insights

December 07, 2023 | 2:15 pm

NKLA

Nikola Corp (NYSE:NKLA) shares are plummeting after the company announced plans to offer $100 million of common stock and $200 million of green convertible senior notes due 2026. The offerings include options for underwriters to purchase additional shares and notes. Proceeds from the stock offering will be used for working capital and general corporate purposes, while proceeds from the notes will fund eligible projects. Despite tripling its unrestricted cash since Q1, Nikola's stock has dropped over 54% in 2023 and was down 20.6% to 78 cents.

Portfolio Pulse from Adam Eckert

December 07, 2023 | 2:15 pm

AAPL

AMD

BABA

BUZZ

LULU

MCD

META

NVDA

TSLA

Swaggy Stocks has identified the top 10 trending stocks on WallStreetBets as of December 7, 2023. The list includes Alibaba (BABA), Tesla (TSLA), Advanced Micro Devices (AMD), NVIDIA (NVDA), McDonald's (MCD), Lululemon Athletica (LULU), Meta Platforms (META), Apple (AAPL), and the BUZZ ETF.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 2:14 pm

CHWY

Chewy Inc (NYSE:CHWY) stock declined after reporting mixed Q3 results, missing revenue estimates with $2.74 billion against the expected $2.76 billion, but beating EPS estimates with 15 cents over an expected 6 cent loss. Year-over-year sales increased by 8.2%, and gross margin improved slightly to 28.5%. Active customers decreased by 1.3% while net sales per active customer rose by 13.8%. Full-year 2023 net sales guidance was lowered from $11.15-$11.35 billion to $11.08-$11.1 billion. Chewy appointed David Reeder as the new CFO. Analysts from Barclays, Needham, Raymond James, JMP Securities, and Morgan Stanley lowered their price targets for Chewy.

Portfolio Pulse from Adam Eckert

December 07, 2023 | 2:14 pm

TRKA

Troika Media Group's stock is trading lower following the company's announcement that it has filed for Chapter 11 bankruptcy.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 2:11 pm

LILM

Lilium's stock price has increased following the announcement of a Memorandum of Understanding with Lufthansa Group for a strategic partnership. This partnership could potentially lead to collaboration on various fronts, such as joint development and operation of electric vertical take-off and landing (eVTOL) aircraft, which may benefit Lilium's business and future prospects.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 2:06 pm

BABA

DLTR

PDD

PDD Holdings Inc's Temu is challenging U.S. dollar stores by capturing nearly 17% of the U.S. market share in discount stores, trailing behind Dollar General and Dollar Tree. Temu's growth has boosted PDD's revenue and stock performance, leading to commendation from Alibaba's Jack Ma and Morgan Stanley choosing PDD as its top pick in China's e-commerce sector. Dollar General and Dollar Tree are facing operational challenges and market share declines, with Dollar General reducing its annual profit forecast three times this year. Temu's success is attributed to consumer fatigue with high prices and its direct-to-consumer model that benefits from duty-free entry of shipments under $800 into the U.S.

Portfolio Pulse from Anusuya Lahiri

December 07, 2023 | 2:06 pm

NVVE

Nuvve Corporation reported the addition of 81 chargers to its Vehicle-to-Grid (V2G) platform in the first two months of Q4. This expansion indicates the company's growth in the V2G sector, which may influence investor sentiment and the company's stock performance in the short term.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 2:05 pm

ALKT

Stephens & Co. analyst Charles Nabhan has downgraded Alkami Technology (NASDAQ:ALKT) from Overweight to Equal-Weight and set a price target of $24. This reflects a change in the firm's outlook on the stock, suggesting a more neutral stance.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 2:04 pm

ASLE

AerSale's stock is trading higher following the announcement that the FAA has granted a Supplemental Type Certificate for AerAware, the company's Enhanced Flight Vision System designed for the Boeing B737NG series.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 2:04 pm