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PACW

Shares of PacWest Bancorp were halted due to volatility, with the last recorded price down 10.4% at $9.44.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 6:40 pm

MU

PSTG

STX

WDC

Credit Suisse analyst Shannon Cross has forecasted weak 4Q23 results for Seagate Technology Holdings PLC (STX) and Western Digital Corp (WDC) due to ongoing weakness in the storage market. She reduced Seagate's target price to $52 from $54 and maintained Western Digital's target price at $41. She also reduced her 4Q23 revenue and EPS estimates for both companies. The analyst cited geopolitical tensions between the U.S. and China as a critical risk factor for both companies. STX and WDC shares traded lower.

Portfolio Pulse from Anusuya Lahiri

July 25, 2023 | 6:37 pm

BLPH

HGEN

INPX

STOK

VZ

U.S. stocks traded higher with the Nasdaq Composite gaining more than 100 points. Verizon Communications reported better-than-expected earnings for its second quarter, despite a sales decline of 3.5% YoY. Inpixon shares shot up 87% after the company agreed to merge with XTI Aircraft Company. Humanigen shares dropped 76% as it anticipates bankruptcy. Bellerophon Therapeutics shares were down 39% after the company received a delisting notice. Stoke Therapeutics was down 33% after announcing new safety and efficacy data.

Portfolio Pulse from Lisa Levin

July 25, 2023 | 6:31 pm

SPGI

S&P Global's (NYSE:SPGI) short percent of float has fallen 15.2% since its last report, with 3.39 million shares sold short, which is 1.06% of all regular shares available for trading. This decrease in short interest could signal a more bullish market sentiment towards the stock. Compared to its peers, S&P Global has less short interest as a percentage of float, with an average of 4.36%.

Portfolio Pulse from Benzinga Insights

July 25, 2023 | 6:30 pm

PWR

Quanta Services (NYSE:PWR) has outperformed the market over the past 10 years by 12.28% on an annualized basis, producing an average annual return of 22.74%. If an investor had bought $1000 of PWR stock 10 years ago, it would be worth $7,750.09 today.

Portfolio Pulse from Benzinga Insights

July 25, 2023 | 6:30 pm

USB

U.S. Bancorp's (NYSE:USB) short percent of float has risen 7.35% since its last report, with 40.30 million shares sold short, which is 2.63% of all regular shares available for trading. This increase in short interest can signal that investors have become more bearish. U.S. Bancorp's peer group average for short interest as a percentage of float is 0.87%, indicating the company has more short interest than most of its peers.

Portfolio Pulse from Benzinga Insights

July 25, 2023 | 6:30 pm

WST

West Pharmaceutical Servs (NYSE:WST) has outperformed the market over the past 15 years, producing an average annual return of 20.47%. If an investor had bought $1000 of WST stock 15 years ago, it would be worth $16,357.28 today. The company currently has a market capitalization of $27.97 billion.

Portfolio Pulse from Benzinga Insights

July 25, 2023 | 6:30 pm

ROP

Roper Techs's (NYSE:ROP) short percent of float has risen 7.04% since its last report, with 804 thousand shares sold short, which is 0.76% of all regular shares available for trading. This increase in short interest can signal that investors have become more bearish. However, Roper Techs's peer group average for short interest as a percentage of float is 3.42%, which means the company has less short interest than most of its peers.

Portfolio Pulse from Benzinga Insights

July 25, 2023 | 6:30 pm

IP

International Paper Company's shares are trading higher in sympathy with Packaging Corp, which saw gains after reporting Q2 results.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 6:28 pm

SRFM

Surf Air Mobility has announced that its registration statement for the proposed direct listing of its common stock has been approved. The company's stock will begin trading on the New York Stock Exchange on July 27.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 6:16 pm