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SOUN

SoundHound AI (NYSE:SOUN) has experienced a rise in short interest, with 15.06% of its float being sold short, amounting to 27.18 million shares. This represents a 12.22% increase since the last report and would take approximately 2.95 days to cover based on average trading volume. High short interest can indicate bearish market sentiment but does not necessarily predict a price drop. SoundHound AI's short interest is higher than its peer group average of 7.87%.

Portfolio Pulse from Benzinga Insights

January 26, 2024 | 3:30 pm

TKLF

Yoshitsu Co., Ltd. shares have dropped following the announcement of a $4 million registered direct offering and private placement.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 3:30 pm

PTCT

RBC Capital analyst Brian Abrahams has maintained a 'Sector Perform' rating on PTC Therapeutics (NASDAQ:PTCT) but has reduced the price target from $27 to $22.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 3:29 pm

LUMN

Lumen Technologies' stock is trading higher following the announcement of an amended and rested transaction support agreement with a group of creditors.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 3:28 pm

LEVI

Levi Strauss & Co (NYSE:LEVI) shares fell in premarket trading after Q4 results. Despite softer revenues and job cuts, an earnings beat was reported due to higher gross margin expansion and a lower tax rate. Analyst Dana Telsey of Telsey Advisory Group maintained an Outperform rating and raised the price target from $16 to $18. The company faces headwinds from the Denizen exit and other factors but expects low single-digit revenue growth for fiscal 2024. All regions showed growth for the first time since 2Q22.

Portfolio Pulse from Priya Nigam

January 26, 2024 | 3:28 pm

SAVE

Spirit Airlines' stock is trading lower following JetBlue's notification that conditions for their planned merger may not be met by the specified dates, suggesting the merger could be terminated after January 28.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 3:27 pm

AMSC

Roth MKM analyst Justin Clare has maintained a Buy rating on American Superconductor (NASDAQ:AMSC) and increased the price target from $10 to $15.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 3:27 pm

CL

Colgate-Palmolive Company (NYSE:CL) surpassed Q4 FY23 sales expectations with a 7% increase to $4.95 billion and achieved a non-GAAP EPS of $0.87, beating estimates of $0.80. Gross profit margins rose by 400 basis points to 59.6%. The company plans to increase brand investment in 2024 after a 19% rise in advertising spending in 2023. Colgate holds a 41.1% global market share in toothpaste and 31.5% in manual toothbrushes. The FY24 outlook anticipates 1%-4% net sales growth and 3%-5% organic sales growth, with a forecast for gross profit margin expansion and mid to high-single-digit EPS growth. CL shares rose 2.05% to $82.89.

Portfolio Pulse from Nabaparna Bhattacharya

January 26, 2024 | 3:26 pm

VERA

Vera Therapeutics' stock price increased following the release of positive data from its Phase 2b ORIGIN clinical trial. Additionally, Raymond James upgraded Vera Therapeutics to Strong Buy.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 3:25 pm

OLN

Olin Corporation's stock (OLN) is trading higher following the announcement of their fourth-quarter financial results, which exceeded market expectations.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 3:24 pm