Streetbeat News

Stock Prices

UBS

UBS Gr's (NYSE:UBS) short percent of float has risen 5.56% since its last report, with 21.39 million shares sold short, which is 0.76% of all regular shares available for trading. It would take traders 8.38 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. However, UBS Gr's peer group average for short interest as a percentage of float is 2.90%, which means the company has less short interest than most of its peers.

Portfolio Pulse from Benzinga Insights

July 14, 2023 | 3:31 pm

CVS

CVS Health's short percent of float has risen 15.83% since its last report, with 17.74 million shares sold short, which is 1.39% of all regular shares available for trading. An increase in short interest can indicate a bearish market sentiment. However, CVS Health's short interest as a percentage of float is less than its peer group average of 8.16%.

Portfolio Pulse from Benzinga Insights

July 14, 2023 | 3:30 pm

AXP

American Express (NYSE:AXP) has outperformed the market over the past 15 years by 1.24% on an annualized basis, producing an average annual return of 10.09%. If an investor had bought $1000 of AXP stock 15 years ago, it would be worth $4,101.92 today.

Portfolio Pulse from Benzinga Insights

July 14, 2023 | 3:30 pm

TEAM

Atlassian (NASDAQ:TEAM) has outperformed the market over the past 5 years by 12.01% on an annualized basis, producing an average annual return of 21.94%. If an investor had bought $1000 of TEAM stock 5 years ago, it would be worth $2,736.91 today.

Portfolio Pulse from Benzinga Insights

July 14, 2023 | 3:30 pm

RSG

Republic Servs's (NYSE:RSG) short percent of float has fallen 17.95% since its last report, indicating a more bullish sentiment towards the stock. The company has 1.99 million shares sold short, which is 0.96% of all regular shares available for trading. Compared to its peers, Republic Servs has less short interest.

Portfolio Pulse from Benzinga Insights

July 14, 2023 | 3:30 pm

SOFI

Truist Securities analysts have maintained a Buy rating and $11 price target on SoFi Technologies, raising their estimates for revenue and earnings for Q2, 2023, and 2024. They believe SoFi will benefit from the fragmentation of the banking industry and the shift to digital platforms. However, Morgan Stanley analysts downgraded SoFi shares to Underweight from Equal Weight, but raised the stock's price target to $7 from $6.50. SoFi is set to report Q2 earnings on July 31.

Portfolio Pulse from Benzinga Newsdesk

July 14, 2023 | 3:25 pm

CGC

Canopy Growth's shares are trading lower after the company was informed by Nasdaq that it is not in compliance with listing rules.

Portfolio Pulse from Benzinga Newsdesk

July 14, 2023 | 3:25 pm

FCEL

FuelCell Energy, Inc (NASDAQ:FCEL) saw a spike of over 6% on Friday morning, continuing its bullish momentum after negating a bear flag pattern on Wednesday. The stock has surged about 20% since July 7 due to general market strength caused by a lower-than-expected June inflation report. However, the stock was falling to near flat on July 14, indicating a possible local top. The stock has declined about 92% since its all-time high of $29.44 on Feb. 10, 2021. The future trend of the stock will be determined by whether it can break up from a descending trend line that’s been holding it down since Feb. 3.

Portfolio Pulse from Melanie Schaffer

July 14, 2023 | 3:23 pm

BURBY

Burberry Group Plc reported an 18% YoY increase in comparable store sales in Q1, with growth in all regions except the Americas. Retail revenue rose 16.6% to £589 million, primarily due to recovery in Mainland China. The company opened or refurbished 19 stores during the quarter. Burberry maintained its current-year guidance of high single-digit revenue CAGR from FY20 base, equating to low double-digit growth in FY24. The company's shares are up 0.61% to $27.87.

Portfolio Pulse from Nabaparna Bhattacharya

July 14, 2023 | 3:19 pm

PARA

PARAA

Paramount Global's (NASDAQ:PARA) (NASDAQ:PARAA) shares are trading lower due to the SAG-AFTRA union strike. The strike could increase production costs and disrupt the production of films, TV shows, and other content, potentially impacting Paramount's profitability, cash flow, and ability to generate revenue. The company's stock price has declined by 3.95% to $16.16.

Portfolio Pulse from Henry Khederian

July 14, 2023 | 3:17 pm