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NM

Navios Maritime Holdings has received a buyout offer of $1.84 per share from N Shipmanagement Acquisition Corp.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2023 | 1:19 pm

SIDU

Sidus Space has been granted a 180-day extension by Nasdaq to regain compliance with the minimum bid price requirement. This extension provides Sidus Space with additional time to meet Nasdaq's listing standards.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2023 | 1:18 pm

MTCH

JP Morgan analyst Cory Carpenter maintains an Overweight rating on Match Group (NASDAQ:MTCH) and raises the price target from $55 to $60.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2023 | 1:18 pm

AAPL

BP

BTCUSD

ETHUSD

TSLA

Apple's iPhone 15 launch received a lukewarm response from investors. Cryptocurrencies Bitcoin, Ethereum, and Dogecoin spiked after Franklin Templeton filed for a BTC Spot ETF. Tesla's Chinese rival BYD is seen as a cost-effective contender to Model 3. Elon Musk discussed acquiring Twitter for $44B and his company X's new feature to rival TikTok and Instagram. BP's CEO resigned amid an investigation into personal conduct.

Portfolio Pulse from Akanksha Bakshi

September 13, 2023 | 1:17 pm

CMI

Cummins's (NYSE:CMI) short percent of float has fallen 7.25% since its last report, with 1.82 million shares sold short, which is 1.28% of all regular shares available for trading. It would take traders 2.68 days to cover their short positions on average. The company has less short interest than most of its peers, with an average of 4.85%.

Portfolio Pulse from Benzinga Insights

September 13, 2023 | 1:15 pm

RSG

Republic Servs's (NYSE:RSG) short percent of float has fallen 10.47% since its last report, indicating a more bullish sentiment towards the stock. The company has 1.58 million shares sold short, which is 0.77% of all regular shares available for trading. Compared to its peers, Republic Servs has less short interest, with an average of 2.69% for its peer group.

Portfolio Pulse from Benzinga Insights

September 13, 2023 | 1:15 pm

HLT

Hilton Worldwide Holdings's (NYSE:HLT) short percent of float has risen 20.38% since its last report, with 4.85 million shares sold short. This represents 1.89% of all regular shares available for trading. Short interest can act as an indicator of market sentiment towards a stock. An increase in short interest can signal that investors have become more bearish. Hilton's peer group average for short interest as a percentage of float is 6.64%, which means the company has less short interest than most of its peers.

Portfolio Pulse from Benzinga Insights

September 13, 2023 | 1:15 pm

F

TM

Ford Motor Co has appointed Lisa Materazzo, a Toyota Motor Corporation executive, as its new global chief marketing officer. The move comes as Ford faces a slower-than-expected and costly shift toward electrification of its vehicle portfolio. Ford has been trying to capture the EV market by channeling funds from its traditional combustion engine auto business to its EV transition business. The company's dismal demand growth for EVs led to a fall in shares this summer, despite an increase in FY23 guidance.

Portfolio Pulse from Shivani Kumaresan

September 13, 2023 | 1:14 pm

MRK

MRNA

Moderna Inc plans to launch up to 15 new products and advance up to 50 mRNA medicines into clinical trials over the next five years. The company expects sales of its respiratory vaccines to range between $8 billion and $15 billion in 2027, with another $10 billion to $15 billion from annual sales of cancer, rare disease, and latent disease medicines it will launch by 2028. Moderna also plans to invest $25 billion in Research and development from 2024 through 2028. In partnership with Merck & Co Inc, Moderna plans to begin a second Phase 3 trial of mRNA-4157, its individualized neoantigen therapy, in combination with Keytruda, for non-small cell lung cancer later this year.

Portfolio Pulse from Vandana Singh

September 13, 2023 | 1:13 pm

ASTR

Astra Space, Inc. has announced a 1-for-15 reverse stock split. This move is typically used by companies to increase the per-share price of their stock and attract more institutional investors.

Portfolio Pulse from Bill Haddad

September 13, 2023 | 1:09 pm