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ZTS

Zoetis's (NYSE:ZTS) short percent of float has risen 13.21% since its last report, with 2.78 million shares sold short, which is 0.6% of all regular shares available for trading. It would take traders 1.98 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. Zoetis's peer group average for short interest as a percentage of float is 3.50%, which means the company has less short interest than most of its peers.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 9:48 am

TAK

Takeda Pharmaceutical's (NYSE:TAK) short percent of float has fallen 10.34% since its last report, with 8.15 million shares sold short, which is 0.26% of all regular shares available for trading. It would take traders 4.15 days to cover their short positions on average. The company has less short interest than most of its peers, with the average for its peer group being 3.52%.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 9:48 am

CARG

Citigroup has maintained its Neutral rating for CarGurus (NASDAQ:CARG) and increased its price target from $18.00 to $24.00. CarGurus' shares are currently trading down 1.62% at $22.29 per share. A move to $24.00 would represent a 7.66% increase from the current share price.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 9:48 am

RARE

Ultragenyx Pharmaceutical (NASDAQ:RARE) has received 8 analyst ratings in the last quarter, with 6 being bullish or somewhat bullish, and 2 being indifferent. The average price target is $89.5, significantly higher than the current price of $42.645. This target has increased by 7.83% over the past month.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 9:47 am

FUN

Morgan Stanley has maintained its Overweight rating for Cedar Fair (NYSE:FUN) but lowered its price target from $53.00 to $48.00. Cedar Fair's shares are currently trading down 1.98% at $38.18 per share. A move to $48.00 would account for a 25.72% increase from the current share price.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 9:47 am

AMD

Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) are trading higher by 2.15% to $116.86 in anticipation of the company's Q2 earnings report. Analysts estimate earnings per share of 52 cents, a decrease from last year's $1.05 per share. AMD has outperformed bottom-line expectations in three out of the last four quarters.

Portfolio Pulse from Henry Khederian

August 04, 2023 | 9:47 am

CYBN

Psychedelics company Cybin Inc. has announced an overnight marketed public offering of its units, aiming to raise $8.25 million. The company has set the price at $0.34 per unit, with each unit equating to one common share and one common share purchase warrant. The offering is expected to close on August 4, 2023. Cybin has also suspended its prior purchase agreement with Lincoln Park Capital Fund, under which it could issue common shares for up to $30 million.

Portfolio Pulse from Lara Goldstein

August 04, 2023 | 9:47 am

MCD

QCOM

CNBC's Halftime Report discussed final trades, highlighting QUALCOMM and McDonald's. The details of the discussion were not provided.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 9:47 am

ZI

ZoomInfo Technologies (NASDAQ:ZI) shares are trading lower after the company issued weak guidance and several analysts lowered their price targets. The company reported its Q2 financial results and cut its anticipated fiscal year 2023 revenue to between $1.225 billion and $1.235 billion, down from between $1.275 billion and $1.285 billion. Analysts from Truist Securities, Stifel, RBC Capital, Goldman Sachs, Bank of America Securities, Mizuho, Wells Fargo, Raymond James, Barclays, Needham, Deutsche Bank, and Piper Sandler have all adjusted their price targets for ZI.

Portfolio Pulse from Erica Kollmann

August 04, 2023 | 9:47 am

FTI

Kepler Cheuvreux analyst Bertrand Hodee has downgraded TechnipFMC (NYSE:FTI) from Buy to Hold, while raising the price target from $19 to $19.5.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 9:47 am