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GRCL

Gracell Biotechnologies' stock is trading higher following the FDA's clearance of the IND application for a Phase 1/2 clinical trial of FasTCAR-T GC012F, aimed at treating refractory systemic lupus erythematosus.

Portfolio Pulse from Benzinga Newsdesk

November 27, 2023 | 3:30 pm

LILM

Lilium's stock price has increased following the announcement that the company has received the EASA Design Organization Approval, which is a significant regulatory milestone.

Portfolio Pulse from Benzinga Newsdesk

November 27, 2023 | 3:27 pm

GNE

Genie Energy Ltd. (NYSE:GNE) has expanded its renewable energy portfolio through its subsidiary Sunlight Energy Investments by acquiring 12 operational solar arrays with a collective generation capacity of 9.4 MW-DC. These arrays, located in Ohio and Michigan, are under long-term fixed-price PPAs and are expected to be immediately accretive to Genie Energy's bottom line. The acquisition also includes the first right of refusal for future projects by the developer. GNE shares saw a slight increase of 0.95% to $25.57.

Portfolio Pulse from Akanksha Bakshi

November 27, 2023 | 3:17 pm

AFRM

CCI

ITRN

SHOP

TEVA

Ituran Location and Control Ltd. (NASDAQ:ITRN) reported Q3 earnings of 63 cents per share, up from 49 cents in the year-ago period, with sales rising 12% to $81.05 million. The stock rose 11.3% to $27.69. Other stocks also moved higher, including Affirm Holdings, IRSA Inversiones, EHang Holdings, Xenon Pharmaceuticals, Applied Optoelectronics, Corporación América Airports, Global-e Online, Telecom Argentina, Grupo Financiero Galicia, DRDGOLD, Roku, Crown Castle after an activist fund's stake, Teva Pharmaceutical following an UBS upgrade, and Shopify after announcing record Black Friday sales.

Portfolio Pulse from Lisa Levin

November 27, 2023 | 3:17 pm

TSM

Taiwan Semiconductor (NYSE:TSM) has seen a 7.69% decrease in short interest since its last report, with 12.65 million shares sold short, representing 0.24% of available shares. The average time to cover these short positions is 1.16 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. Compared to its peers, TSM has a lower short interest as a percentage of float, with the peer group average at 3.71%.

Portfolio Pulse from Benzinga Insights

November 27, 2023 | 3:15 pm

MDB

MongoDB (NYSE:MDB) has seen a 16.28% increase in short interest since its last report, with 3.67 million shares sold short, representing 6.0% of its float. It would take about 3.72 days to cover all short positions. While an increase in short interest can indicate bearish sentiment, it doesn't necessarily predict a price drop. MongoDB's short interest is higher than its peer group average of 5.46%.

Portfolio Pulse from Benzinga Insights

November 27, 2023 | 3:15 pm

WFC

Wells Fargo (NYSE:WFC) has seen a 12.68% decrease in short interest, with 22.59 million shares sold short, representing 0.62% of available shares. The short interest is below the peer group average of 0.82%. Short interest can indicate market sentiment, and a decrease may suggest a more bullish outlook, although it does not guarantee a rise in stock price.

Portfolio Pulse from Benzinga Insights

November 27, 2023 | 3:15 pm

CP

Canadian Pacific Kansas City shares dropped following a downgrade by Deutsche Bank from Buy to Hold and a reduction in the price target from $85 to $77.

Portfolio Pulse from Benzinga Newsdesk

November 27, 2023 | 3:12 pm

INTU

Intuit Inc. (NASDAQ:INTU) is anticipated to report Q1 earnings of $1.98 per share, up from $1.66 the previous year, with revenues expected at $2.88 billion. The company offers a quarterly dividend of $0.90 per share, yielding 0.64% annually. To earn $500 monthly from dividends, an investment of approximately $940,305 is required. Intuit's stock price was down 0.3% to $562.19 in early trading on Monday.

Portfolio Pulse from Lisa Levin

November 27, 2023 | 3:12 pm

HKD

AMTD Digital Inc. (NYSE:HKD) shares rose 25% on Friday and continued to move on Monday with heavy trading volume after the company announced the launch of L'Officiel Hong Kong. This follows the acquisition of L'Officiel Inc. SAS in 2022. The digital platform is now live, and the print magazine is expected in early 2024. HKD has become a trending ticker among retail investors and is trading above its 50-day moving average but near its 52-week low.

Portfolio Pulse from Erica Kollmann

November 27, 2023 | 3:11 pm