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Stock Prices

GSK

The short percent of float for GSK (NYSE:GSK) has risen 8.33% since its last report, with 5.26 million shares sold short, representing 0.26% of all regular shares available for trading. It would take traders 1.79 days on average to cover their short positions. GSK's short interest is less than its peer group average of 4.55%.

Portfolio Pulse from Benzinga Insights

August 29, 2023 | 7:15 pm

HL

Hecla Mining's (NYSE:HL) short percent of float has risen 7.91% since its last report, with 18.30 million shares sold short, which is 3.0% of all regular shares available for trading. It would take traders 3.13 days to cover their short positions on average. The company has less short interest than most of its peers, with the average for its peer group being 4.55%.

Portfolio Pulse from Benzinga Insights

August 29, 2023 | 7:15 pm

SHOP

Roth Capital Partners analyst Darren Aftahi reiterated a Buy rating on Shopify Inc. (NYSE:SHOP) with a price target of $76. The analyst sees slightly better Y/Y business growth for Shopify and believes that the company's Q3 revenue/non-GAAP operating income could be higher than consensus estimates. However, he also cautioned that Shopify operates in a highly competitive space which could negatively impact its business.

Portfolio Pulse from Nabaparna Bhattacharya

August 29, 2023 | 7:11 pm

KIM

RPT

RPT Realty's merger deal with Kimco Realty Corp has been viewed as a win-win by analysts, despite some downgrading RPT following the announcement. The $2 billion deal includes the assumption of debt and preferred stock, and offers a 19% premium to RPT's closing share price on August 25, 2023. Analysts believe the deal is positive for RPT as the stock is worth below the implied takeover price. However, they also predict RPT will not be able to cover its dividend in 2024 based on updated AFFO estimates.

Portfolio Pulse from Lekha Gupta

August 29, 2023 | 7:10 pm

ABCM

DHR

TMO

Danaher Corporation (DHR) has agreed to acquire Abcam plc (ABCM) for $24.00 per share in cash, a total enterprise value of ~$5.7 billion. The deal is expected to close in mid-2024 and will be funded using cash on hand and proceeds from the issuance of commercial paper. Analysts from William Blair believe the acquisition will promote growth and bolster margins for Danaher, and allow it to penetrate the proteomics reagents market, where Thermo Fisher Scientific Inc (TMO) and Merck Millipore have strong positions.

Portfolio Pulse from Vandana Singh

August 29, 2023 | 7:09 pm

PEG

Mizuho analyst Anthony Crowdell has reiterated a Buy rating on Public Service Enterprise Group Inc (NYSE:PEG) and raised the price target from $60 to $65. The analyst highlighted the company's strong rate base growth, revenue decoupling, and robust capital program. The company's nuclear business and Basic Gas Supply Service (BGSS) business were also seen as added bonuses. PEG shares are currently trading higher by 0.75% at $61.64.

Portfolio Pulse from Shivani Kumaresan

August 29, 2023 | 7:06 pm

MULN

Mullen Automotive Inc. (NASDAQ:MULN) has announced an update on its stock buyback program, with an additional repurchase of 2 million shares of its common stock. The program, which started on Aug. 16, 2023, can continue through Dec. 31, 2023. So far, the company has repurchased $5,610,600 in shares, including the new purchases. The company's Board of Directors authorized the buyback program, which allows for the purchase of up to $25 million in shares until the end of 2023.

Portfolio Pulse from Happy Mohamed

August 29, 2023 | 7:05 pm

OXY

A significant bearish stance has been taken on Occidental Petroleum (NYSE:OXY) by a large investor, as observed in the unusual options activity. The sentiment among these big-money traders is split between 46% bullish and 53% bearish. The whales have been targeting a price range from $57.5 to $75.0 for Occidental Petroleum over the last 3 months. Several experts have downgraded their ratings on OXY, with price targets ranging from $60 to $80.

Portfolio Pulse from Benzinga Insights

August 29, 2023 | 7:01 pm

BCHUSD

Bitcoin Cash's (CRYPTO: BCH) price rose 16.72% to $222.49 over the past 24 hours, continuing its positive trend over the past week with a 22.0% gain. The trading volume for the coin has risen 192.0% over the past week, while the circulating supply has decreased 0.62% to 19.49 million. The current market cap ranking for BCH is #18 at $4.34 billion.

Portfolio Pulse from Benzinga Insights

August 29, 2023 | 7:00 pm

KKR

Over the past 10 years, KKR & Co (NYSE:KKR) has outperformed the market by 1.8% on an annualized basis, producing an average annual return of 12.37%. If an investor had bought $1000 of KKR stock 10 years ago, it would be worth $3,209.48 today.

Portfolio Pulse from Benzinga Insights

August 29, 2023 | 7:00 pm