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WKHS

Workhorse Group (NYSE:WKHS) has seen a significant decrease in short interest, with a 25.44% drop since the last report. The current short interest stands at 43.76 million shares, or 17.2% of the float. It would take about 3.79 days for traders to cover their short positions. While a decrease in short interest can indicate a more bullish sentiment, it does not necessarily predict a near-term rise in the stock price. Workhorse has a higher short interest compared to its peers, with the peer group average at 12.16% of the float.

Portfolio Pulse from Benzinga Insights

January 23, 2024 | 7:00 pm

INJUSD

Injective (INJ), a cryptocurrency, has experienced a significant price drop of 7.99% in the last 24 hours, reaching $31.48. This decline is part of a larger downward trend over the past week, with a total decrease of 21.0%. Despite the decrease in trading volume by 6.0%, the circulating supply of INJ has increased by 4.89%, now totaling 88.39 million. The market cap of Injective is currently $2.79 billion, ranking it at #29.

Portfolio Pulse from Benzinga Insights

January 23, 2024 | 7:00 pm

AA

SPY

VGK

Politico reported that the EU is preparing an embargo on aluminum imports from Russia. This move is likely in response to the ongoing geopolitical tensions and could have significant implications for aluminum supply chains and prices.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 6:55 pm

AA

CENX

KALU

Aluminum stocks are trading higher after reports that the EU may impose sanctions on Russian aluminum, potentially affecting global supply and increasing demand for other producers.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 6:53 pm

META

Citi analyst Ronald Josey maintains a Buy rating on Meta Platforms Inc (NASDAQ:META) with a $440 price target, citing strong growth in ads and AI innovations. Josey predicts Q4 ad load expansion and notes newer ad products are in higher demand. He expects Meta's Q4 earnings to surpass consensus estimates with projected revenue of $39.45 billion and EPS of $4.83. Meta's stock rose 170% last year, and CEO Mark Zuckerberg sold $428 million worth of stock in the last two months of 2023.

Portfolio Pulse from Anusuya Lahiri

January 23, 2024 | 6:50 pm

BEKE

KE Holdings Inc (NYSE:BEKE) stock rose by 4.7% to $13.97 amid news of China considering a 2 trillion yuan ($278 billion) stock market rescue package. The fund aims to stabilize the market by buying shares through the Hong Kong exchange link, countering the effects of foreign investors' withdrawal.

Portfolio Pulse from Henry Khederian

January 23, 2024 | 6:45 pm

NUE

Nucor Inc. (NYSE:NUE) has seen a 0.62% increase in its share price to $171.49 in the current market session. Despite a 3.40% decrease over the past month, the stock has risen by 9.91% over the past year. Nucor's P/E ratio of 8.62 is lower than the Metals & Mining industry average of 15.03, which could suggest that the stock is undervalued or expected to perform worse than its industry peers.

Portfolio Pulse from Benzinga Insights

January 23, 2024 | 6:45 pm

ORCL

Over the past 5 years, Oracle (NYSE:ORCL) has delivered an average annual return of 17.68%, outperforming the market by 4.78% on an annualized basis. A $1000 investment in ORCL 5 years ago would be worth $2,244.18 today. Oracle's market capitalization currently stands at $303.45 billion.

Portfolio Pulse from Benzinga Insights

January 23, 2024 | 6:38 pm

DAL

LUV

UAL

Airline stocks are trading higher following United's report of better-than-expected Q4 results, indicating a positive market reaction to the airline industry's financial performance.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 6:36 pm

TEVA

Teva Pharmaceutical Industries' stock (TEVA) has seen an increase in its trading price following an upgrade from 'Hold' to 'Buy' by Jefferies, which also raised its price target for the stock from $10 to $14.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 6:24 pm