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LUCD

PAVM

PAVmed Inc. (NASDAQ:PAVM) has provided additional details regarding the distribution of approximately 3.3 million shares of Lucid Diagnostics Inc. (NASDAQ:LUCD) common stock to its shareholders. Shareholders on record as of January 15, 2024, will receive about 41 shares of LUCD for every 100 shares of PAVM they own. The distribution is expected to occur within 30 days of the record date. PAVmed recently underwent a reverse stock split and has about 8.1 million shares outstanding.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 2:18 pm

AAPL

BABA

BTCUSD

COIN

CORN

GLD

NVDA

SNAP

TSLA

Swaggy Stocks has listed the top 10 trending stocks on WallStreetBets as of December 11, 2023. The list includes CORN, BTCUSD, BABA, TSLA, NVDA, GLD, AAPL, AI, COIN, and SNAP.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 2:18 pm

PAG

Penske Automotive Group (NYSE:PAG) has acquired Rybrook Group Limited, adding 15 high-end dealerships in the U.K. to its portfolio. The dealerships are expected to contribute $1 billion in annualized revenue. The acquisition, to be funded through existing liquidity, is set to close in January 2024. As of September 30, 2023, PAG had $104.4 million in cash and equivalents. PAG shares closed slightly lower at $150.26.

Portfolio Pulse from Akanksha Bakshi

December 11, 2023 | 2:17 pm

MGY

Citigroup analyst Paul Diamond has downgraded Magnolia Oil & Gas (NYSE:MGY) from Neutral to Sell and reduced the price target from $24 to $18.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 2:17 pm

REGN

Regeneron Pharmaceuticals (NYSE:REGN) has seen a 6.99% increase in short interest since its last report, with 1.40 million shares sold short, representing 1.53% of its float. The average time to cover these short positions is 2.32 days. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price drop. Compared to its peers, REGN has a lower short interest as a percentage of float, with the peer group average at 5.43%.

Portfolio Pulse from Benzinga Insights

December 11, 2023 | 2:15 pm

MCD

McDonald's (NYSE:MCD) has seen a 5.38% increase in short interest since its last report, with 7.06 million shares sold short, representing 0.98% of available shares. The short interest is below the peer group average of 9.44%. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price drop.

Portfolio Pulse from Benzinga Insights

December 11, 2023 | 2:15 pm

Southern's (NYSE:SO) short interest has increased by 3.85%, with 11.72 million shares sold short, representing 1.08% of available shares. It would take 2.23 days to cover all short positions. While an increase in short interest can indicate bearish sentiment, Southern has less short interest compared to its peer group average of 2.49%. The rise in short interest does not necessarily predict a near-term price drop.

Portfolio Pulse from Benzinga Insights

December 11, 2023 | 2:15 pm

SNOW

TD Cowen analyst J. Derrick Wood has maintained an Outperform rating on Snowflake (NYSE:SNOW) and increased the price target from $215 to $230.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 2:14 pm

SPY

UDN

UUP

The Federal Reserve's final 2023 policy meeting is anticipated to maintain current interest rates, with markets seeking signs of future rate cuts in H1 2024. Analysts expect a dovish tone, signaling a potential rate cut by May. Economic data suggests a moderation in activity and inflation, with a cooling labor market. The dollar index has fallen, while the Invesco US Dollar Index Bullish ETF (UUP) is down and its counterpart, the Dollar Index Bearish Fund (UDN), has gained. The SPDR S&P 500 ETF (SPY) has rallied on hopes of lower rates. However, some analysts believe the Fed may push back against market expectations. November consumer price inflation data will be key to the Fed's decision, with inflation expected to have slowed further.

Portfolio Pulse from Neil Dennis

December 11, 2023 | 2:14 pm

HOLI

Hollysys Automation Technologies Ltd. (HOLI) is set to be acquired by Ascendent Capital Partners for $26.50 per share in an all-cash transaction. This acquisition represents a strategic move by Ascendent to enhance its portfolio in the automation technology sector.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 2:12 pm