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GOOGL

JMP Securities analyst Andrew Boone has maintained a Market Outperform rating on Alphabet (NASDAQ:GOOGL) and increased the price target from $140 to $150.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 4:46 pm

DV

JMP Securities analyst Andrew Boone has maintained a Market Outperform rating on DoubleVerify Holdings (NYSE:DV) and increased the price target from $39 to $45.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 4:39 pm

EWTX

Edgewise Therapeutics, Inc. (NASDAQ:EWTX) shares rose after announcing a $240 million underwritten offering of 21,818,182 shares at $11 each. The offering is expected to close on Jan. 23, with proceeds funding the potential U.S. launch of EDG-5506, completion of Phase 3 and Phase 2 trials, and ongoing R&D. The company shared its progress and 2024 goals at the J.P. Morgan Healthcare Conference.

Portfolio Pulse from Erica Kollmann

January 19, 2024 | 4:33 pm

WMPN

Piper Sandler analyst Justin Crowley has maintained an Overweight rating on William Penn (NASDAQ:WMPN) and increased the price target from $13 to $14.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 4:33 pm

ACI

KR

Kroger Company (NYSE:KR) emphasized its focus on digital transformation at the National Retail Federation Big Show 2024, with CIO Yael Cosset highlighting the impact of AI on the grocery industry. Kroger is also in the process of merging with Albertsons Companies, Inc. (NYSE:ACI), expected to be completed in the first half of Kroger's fiscal 2024. KR shares dropped by 0.88% to $45.74.

Portfolio Pulse from Nabaparna Bhattacharya

January 19, 2024 | 4:32 pm

SBUX

Over the past 15 years, Starbucks (NASDAQ:SBUX) has produced an average annual return of 22.38%, outperforming the market by 10.05% on an annualized basis. A $1000 investment in SBUX 15 years ago would be worth $20,500 today. Starbucks currently has a market capitalization of $105.96 billion.

Portfolio Pulse from Benzinga Insights

January 19, 2024 | 4:30 pm

CRM

Over the past 15 years, Salesforce (NYSE:CRM) has produced an average annual return of 27.97%, outperforming the market by 15.64% on an annualized basis. A $100 investment in CRM 15 years ago would now be worth $4,104.02. Salesforce's current market capitalization stands at $268.77 billion.

Portfolio Pulse from Benzinga Insights

January 19, 2024 | 4:30 pm

LBPH

Longboard Pharmaceuticals (NYSE:LBPH) has seen a 32.27% decrease in short interest since its last report, with 711 thousand shares sold short, representing 2.77% of its float. The average time to cover these short positions is 5.35 days. A decrease in short interest can indicate a more bullish sentiment towards the stock, although it does not necessarily predict a price rise. LBPH has less short interest compared to its peer group average of 14.60%.

Portfolio Pulse from Benzinga Insights

January 19, 2024 | 4:30 pm

IP

International Paper (NYSE:IP) has seen a 13.43% decrease in short interest since its last report, with 7.39 million shares sold short, representing 2.45% of its float. The current short interest is below the peer group average of 2.78%. While a decrease in short interest can indicate a more bullish sentiment, it does not necessarily predict a near-term rise in stock price.

Portfolio Pulse from Benzinga Insights

January 19, 2024 | 4:30 pm

STAG

Stag Industrial (NYSE:STAG) has seen a 19.33% increase in short interest since its last report, with 5.81 million shares sold short, representing 4.26% of available shares. It would take about 5.11 days to cover all short positions. While an increase in short interest can indicate bearish sentiment, it doesn't necessarily predict a price drop. Stag Industrial has a higher short interest than its peer group average of 3.86%.

Portfolio Pulse from Benzinga Insights

January 19, 2024 | 4:30 pm