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CMG

Chipotle Mexican Grill's (NYSE:CMG) short percent of float has risen 4.53% since its last report, with 697 thousand shares sold short, which is 2.54% of all regular shares available for trading. This increase in short interest can act as an indicator of market sentiment towards a particular stock. However, compared to its peers, Chipotle has less short interest with an average of 8.29% for its peer group.

Portfolio Pulse from Benzinga Insights

August 21, 2023 | 6:30 pm

STM

STMicroelectronics's (NYSE:STM) short percent of float has fallen 14.81% since its last report, indicating a more bullish sentiment towards the stock. The company has 4.13 million shares sold short, which is 0.46% of all regular shares available for trading. Compared to its peers, STMicroelectronics has less short interest.

Portfolio Pulse from Benzinga Insights

August 21, 2023 | 6:30 pm

NBIX

TEVA

The FDA has approved Neurocrine Biosciences' Ingrezza for the treatment of adults with chorea associated with Huntington's disease. The approval is supported by data from two clinical studies. Analysts from William Blair anticipate a gradual introduction of Ingrezza to the patient group, with 2024 marked as a major growth year. HC Wainwright raised the price target for Neurocrine Biosciences from $140 to $146.

Portfolio Pulse from Vandana Singh

August 21, 2023 | 6:24 pm

AAPL

MSFT

The article discusses potential warning signs of a significant selloff for the QQQ, with mega cap technology names like Apple Inc. (AAPL) and Microsoft Corp. (MSFT) showing bearish divergences. The author suggests that the market trend is currently down, with the Nasdaq 100 ETF already breaking down through a similar trendline. However, the author also notes that the S&P 500 index is still above a trendline using closing prices from October 2022 and March 2023, indicating that the primary trend is still higher. The author concludes by suggesting that investors should consider all possible future paths for stocks and be prepared for various scenarios.

Portfolio Pulse from David Keller

August 21, 2023 | 6:22 pm

DWAC

The merger between Trump Media & Technology Group (TMTG) and Digital World Acquisition Corporation (DWAC) has faced several setbacks and regulatory pressure since its announcement in October 2021. The merger approval vote has been pushed back to Dec. 31, 2023. DWAC faces a deadline of Sept. 8, 2023, to obtain shareholder approval to extend the merger to September 2024 or it faces liquidation. DWAC stock has been highly volatile in 2023, with several spikes around Trump's four indictments.

Portfolio Pulse from Chris Katje

August 21, 2023 | 6:22 pm

QSR

Roark Capital is reportedly close to acquiring Subway for $9.6 billion. Subway, the eighth-largest U.S. restaurant brand, has faced challenges in recent years but has ambitious global expansion plans. Meanwhile, JP Morgan initiated coverage on Restaurant Brands International (NYSE:QSR) with a price target of $84 and an Overweight rating, anticipating improved performance across existing and new stores.

Portfolio Pulse from Vandana Singh

August 21, 2023 | 6:21 pm

KLAC

MPWR

MRVL

NVDA

Semiconductor stocks are trading higher due to an overall market rebound and in anticipation of NVIDIA's upcoming earnings report.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2023 | 6:18 pm

ATVI

Activision Blizzard's Overwatch 2 game received a surge of negative reviews following its recent launch on Steam. The complaints were mainly about free-to-play monetization, game balance, lack of promised PvE content, and a toxic player base. The game's director, Aaron Keller, acknowledged the feedback and emphasized the team's commitment to improving the game with additional content.

Portfolio Pulse from Franca Quarneti

August 21, 2023 | 6:18 pm

NSSC

NAPCO Security Technologies (NSSC) shares are down after the company announced it would restate the prior three-quarters of FY23 due to cost-accounting errors. This restatement will lower the 9-month GAAP net income by $9.5 million, or around 36% from the previously reported financials. Needham analyst James Ricchiuti has reiterated a Buy rating on NSSC but lowered the price target to $30 from $39. The company expects Q4 revenues to be $44.7 million, about 7% below consensus and up 3% Y/Y.

Portfolio Pulse from Nabaparna Bhattacharya

August 21, 2023 | 6:16 pm

MO

Altria Group's (NYSE:MO) short percent of float has fallen 10.23% since its last report, with 14.01 million shares sold short, which is 0.79% of all regular shares available for trading. This decrease in short interest could signal a more bullish sentiment towards the stock. Altria Group's peer group average for short interest as a percentage of float is 2.88%, indicating the company has less short interest than most of its peers.

Portfolio Pulse from Benzinga Insights

August 21, 2023 | 6:15 pm