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BIDU

Baidu's stock price has fallen following the company's response to media reports that associated its large language model with significant military research in China.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 1:45 pm

ACI

KR

Kroger (NYSE:KR) and Albertsons Companies (NYSE:ACI) have announced that their proposed $24.6 billion merger is now expected to be completed in the first half of Kroger's fiscal 2024, later than the early 2024 completion previously anticipated. The deal, which involves Kroger acquiring Albertsons for $34.10 per share, is under scrutiny by the FTC due to concerns over potential market monopoly. The companies are in dialogue with the FTC and state Attorneys General regarding the merger and divestiture plan. Kroger plans to invest $500 million to reduce prices and an additional $1.3 billion to enhance customer experience, plus $1 billion to increase wages and benefits post-merger. KR shares saw a slight increase of 0.22% in premarket trading.

Portfolio Pulse from Nabaparna Bhattacharya

January 16, 2024 | 1:43 pm

AMPX

AVAV

Amprius Technologies, Inc. (NYSE:AMPX) has announced the SiCoreTM product platform, a new silicon anode battery with up to 400 Wh/kg energy density and 1,200 cycles. This complements their existing SiMaxxTM platform. The batteries are expected to enhance electric mobility and are validated across various applications. Amprius has exclusive rights to use the silicon anode materials in North America and plans to produce SiCore and SiMaxx batteries at a new Colorado factory. AeroVironment (NASDAQ:AVAV) has tested the SiCore batteries and anticipates their impact on aviation and electric mobility.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 1:37 pm

ANSS

ANSYS shares have resumed trading. There is no additional context provided regarding the reason for the halt or the implications for the company's stock performance.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 1:31 pm

SNPS

Synopsys shares have resumed trading after a temporary halt. The reason for the halt was not specified in the article.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 1:31 pm

CCI

Crown Castle (NYSE:CCI) has seen a 27.05% decrease in short interest since its last report, with 3.33 million shares sold short, representing 0.89% of available shares. The average time to cover these short positions is 1.09 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. Crown Castle's short interest is below its peer group average of 4.11%.

Portfolio Pulse from Benzinga Insights

January 16, 2024 | 1:30 pm

AEP

American Electric Power (NYSE:AEP) has seen a 16.08% increase in short interest since the last report, with 8.73 million shares sold short, representing 1.66% of available shares. It would take about 3.21 days to cover all short positions. While an increase in short interest can indicate bearish sentiment, it's not a definitive predictor of a stock's direction. AEP's short interest is below its peer group average of 2.64%.

Portfolio Pulse from Benzinga Insights

January 16, 2024 | 1:30 pm

RBLX

Roblox Corporation (NYSE: RBLX) has seen a decrease in short interest, with the short percent of float dropping 9.27% since the last report. The company has 20.02 million shares sold short, representing 4.99% of available shares for trading. The current short interest is higher than the peer group average of 3.76%. While a decline in short interest can indicate a more bullish sentiment, it does not necessarily predict a near-term price rise.

Portfolio Pulse from Benzinga Insights

January 16, 2024 | 1:30 pm

PGY

Pagaya Technologies Ltd. has announced that its full-year 2023 network volume is expected to surpass the higher end of its previously forecasted range of $8 billion to $8.2 billion.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 1:29 pm

SNPS

Trading for Synopsys, Inc. (SNPS) was halted and then resumed at 8:25 AM ET, with updated quotation resumption times following the release of news.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 1:25 pm