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AXDX

Accelerate Diagnostics, Inc. (AXDX) has priced an underwritten public offering of approximately $15 million, consisting of units at $1.50 each and pre-funded units at $1.49 each. The offering includes common stock and warrants, with an additional option for underwriters to purchase more shares and/or warrants. The warrants are exercisable at $1.65 per share and the pre-funded warrants at $0.01 per share. The public offering is expected to close on January 23, 2024. Concurrently, a private placement to the Jack W. Schuler Living Trust will sell units at $1.73 per unit, with expected gross proceeds of $4.7 million. William Blair & Company, L.L.C. is the sole book-running manager, and Craig-Hallum Capital Group LLC is the co-manager.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 2:21 pm

SMRT

SmartRent's stock price has increased following BTIG's initiation of coverage with a Buy rating and a price target of $4.5.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 2:21 pm

MOR

MorphoSys shares have declined following a downgrade by Morgan Stanley from Overweight to Equal-Weight.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 2:17 pm

CHGG

Chegg's stock (CHGG) is trading lower following a downgrade by Goldman Sachs from Neutral to Sell, with a reduced price target from $10 to $8.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 2:16 pm

STNE

StoneCo Ltd (NYSE:STNE) has seen a decrease in short interest, with the short percent of float dropping 6.83% since the last report. The company has 15.36 million shares sold short, which is 5.32% of available shares for trading. The current short interest is lower than the peer group average of 5.58%. While a decline 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 | 2:15 pm

SYK

Stryker Corporation (NYSE:SYK) has seen a 17.95% increase in short interest since its last report, with 4.90 million shares sold short, representing 1.38% of available shares. It would take about 4.57 days to cover all short positions. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price drop. Stryker's short interest is below its peer group average of 3.50%.

Portfolio Pulse from Benzinga Insights

January 19, 2024 | 2:15 pm

MSI

Motorola Solutions, Inc. (NYSE:MSI) has experienced a 3.9% increase in short interest since its last report, with 1.17 million shares sold short, representing 0.8% of its float. It would take about 2.11 days to cover all short positions. While an increase in short interest can indicate bearish sentiment, it is not a definitive predictor of a stock's direction. MSI's short interest is below its peer group average of 7.80%.

Portfolio Pulse from Benzinga Insights

January 19, 2024 | 2:15 pm

AAPL

AI

AMD

BA

DWAC

META

MSFT

NVDA

QQQ

TSLA

Swaggy Stocks has identified the top 10 trending stocks on WallStreetBets as of January 19, 2024. The list includes NVDA, TSLA, AMD, AI, BA, QQQ, MSFT, META, AAPL, and DWAC.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 2:12 pm

ASTS

AST SpaceMobile's stock is trading lower following the announcement of a $100 million public offering of Class A common stock.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 2:12 pm

KAMN

Kaman Corporation (NYSE:KAMN) shares surged in premarket trading after announcing an acquisition agreement with Arcline Investment Management. The all-cash deal values Kaman at approximately $1.8 billion, with shareholders receiving $46.00 per share, a 105% premium over the closing price on January 18, 2024. The transaction is expected to close in the first half of 2024, after which Kaman will become private and delist from public stock exchanges. KAMN shares jumped 101.15% to $45.12.

Portfolio Pulse from Nabaparna Bhattacharya

January 19, 2024 | 2:10 pm