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FSR

Fisker Inc. (NYSE:FSR) has experienced a 5.98% increase in short interest since its last report, with 94.50 million shares sold short, representing 44.13% of its float. It would take about 6.44 days to cover all short positions. This rise in short interest may indicate a bearish market sentiment towards FSR, although it doesn't necessarily predict a price drop. Fisker's short interest is significantly higher than its peer group average of 9.05%.

Portfolio Pulse from Benzinga Insights

December 08, 2023 | 5:45 pm

LCID

Lucid Group, Inc. (NYSE:LCID) has experienced a 4.62% increase in short interest since its last report, with 250.81 million shares sold short, representing 21.5% of its float. The current short interest suggests a bearish market sentiment, as it is higher than the peer group average of 10.31%. It would take approximately 7.9 days for traders to cover their short positions based on average trading volume.

Portfolio Pulse from Benzinga Insights

December 08, 2023 | 5:45 pm

SMAR

BMO Capital analyst Keith Bachman has maintained an Outperform rating on Smartsheet (NYSE:SMAR) and increased the price target from $50 to $52.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 5:45 pm

CMG

Chipotle Mexican Grill (NYSE:CMG) has seen a 25.43% increase in short interest since its last report, with 793 thousand shares sold short, representing 2.91% of its float. It would take about 3.32 days to cover these short positions based on average trading volume. While an increase in short interest can indicate bearish sentiment, it doesn't necessarily predict a price drop. CMG's short interest is below its peer group average of 9.36%.

Portfolio Pulse from Benzinga Insights

December 08, 2023 | 5:45 pm

AURA

BTIG analyst Robert Hazlett has maintained a Buy rating on Aura Biosciences (NASDAQ:AURA) but has reduced the price target from $38 to $21.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 5:43 pm

HCP

BTIG analyst Gray Powell has maintained a Buy rating on HashiCorp (NASDAQ:HCP) but has reduced the price target from $33 to $25.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 5:42 pm

ABL

AGO

AMBC

CRD

ITIC

KFS

MHLA

MHLD

MRAI

RELI

SLQT

WDH

In Friday's intraday session, insurance stocks saw notable movements. Gainers included Ambac Financial Group (AMBC), Investors Title (ITIC), Assured Guaranty (AGO), SelectQuote (SLQT), Abacus Life (ABL), and Kingsway Financial Servs (KFS), with increases ranging from 3.03% to 10.6%. Losers were Waterdrop (WDH), Marpai (MRAI), Maiden Hldgs (MHLD), Reliance Global Group (RELI), Maiden Holdings, Ltd. 6.625% Notes due 2046 (MHLA), and Crawford (CRD), with declines between 2.55% and 4.84%. The movements were based on trading volumes and market cap changes, with specific mention of Waterdrop's Q3 earnings release.

Portfolio Pulse from Benzinga Insights

December 08, 2023 | 5:40 pm

COIN

Coinbase Global's stock (COIN) is trading higher, correlating with an increase in Bitcoin's value.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 5:39 pm

CVX

HES

The FTC has requested additional information from Chevron Corp (CVX) and Hess Corp (HES) regarding their merger, extending the HSR waiting period. Chevron also announced a 2024 capex budget of $15.5 to $16.5 billion, with significant investments in U.S. shale, the Permian Basin, and Gulf of Mexico projects. The company aims to maintain capital discipline and grow free cash flow to increase shareholder returns. CVX shares rose by 1.07% to $143.94.

Portfolio Pulse from Lekha Gupta

December 08, 2023 | 5:39 pm

BLUE

Trading in shares of Bluebird Bio (BLUE) has been halted pending news. The halt is due to an announcement or event that is significant enough to potentially affect the stock price once trading resumes. Investors are awaiting further details to understand the implications of the pending news.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 5:37 pm