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LCID

Lucid Group shares are experiencing an upward trend due to the overall strength in the electric vehicle (EV) sector.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 4:53 pm

AMZN

TWLO

Amazon has purchased 1.77 million shares in Twilio, causing Twilio's stock to trade higher. This follows the announcement of an extended strategic collaboration between Amazon Web Services (AWS) and Twilio, which will provide Twilio customers with advanced AI capabilities. Twilio's session volume also increased to 8 million, compared to the 100-day average of 5 million.

Portfolio Pulse from Anusuya Lahiri

July 28, 2023 | 4:48 pm

CHTR

T

TMUS

VZ

Charter Communications reported Q2 FY23 revenue growth of 0.5% YoY to $13.66 billion, missing consensus of $13.85 billion. The company added 70,000 residential Internet customers, compared to 17,000 last year. Verizon, AT&T, and T-Mobile also reported their earnings this week, with mixed results.

Portfolio Pulse from Anusuya Lahiri

July 28, 2023 | 4:45 pm

TT

Trane Technologies's (NYSE:TT) short percent of float has risen 5.71% since its last report, with 2.53 million shares sold short, which is 1.11% of all regular shares available for trading. It would take traders 2.98 days to cover their short positions on average. The company's short interest is less than its peer group average of 3.99%.

Portfolio Pulse from Benzinga Insights

July 28, 2023 | 4:45 pm

PCG

PG&E's (NYSE:PCG) short percent of float has fallen 20.21% since its last report, with 43.22 million shares sold short, which is 2.25% of all regular shares available for trading. This decrease in short interest could signal a more bullish sentiment towards the stock. However, PG&E's short interest as a percentage of float is higher than its peer group average of 2.11%.

Portfolio Pulse from Benzinga Insights

July 28, 2023 | 4:45 pm

GD

General Dynamics's (NYSE:GD) short percent of float has risen 16.98% since its last report, with 3.03 million shares sold short, which is 1.24% of all regular shares available for trading. It would take traders 2.87 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. However, General Dynamics's peer group average for short interest as a percentage of float is 3.21%, which means the company has less short interest than most of its peers.

Portfolio Pulse from Benzinga Insights

July 28, 2023 | 4:45 pm

IMAX

Barrington Research analyst James Goss reiterated an Outperform rating for Imax Corp (NYSE:IMAX) with a $24 price target. Goss highlighted IMAX's strong recovery in box office revenue and expects the company to achieve 2019 levels of total box office. The company's revenues were $98.0 million, above estimates, and EBITDA of $32.8 million was up from the year-ago $25.4 million. IMAX also announced plans to install 84 screens in 2023 and offered to repurchase the remaining public interest in IMAX China.

Portfolio Pulse from Anusuya Lahiri

July 28, 2023 | 4:44 pm

DAN

Dana Inc (NYSE:DAN) reported Q2 FY23 sales growth of 6.3% YoY to $2.748 billion, slightly above the consensus of $2.74 billion. The increase was driven by higher market demand, cost-recovery actions, and conversion of sales backlog. Adjusted EPS was $0.37, beating the consensus of $0.17. The company raised its FY23 outlook and declared a dividend of $0.10 per share. Dana's shares are trading higher by 0.64% at $18.93.

Portfolio Pulse from Akanksha Bakshi

July 28, 2023 | 4:42 pm

DSGN

LRMR

PTCT

Shares of companies with Friedrich's Ataxia candidates are seeing an increase in their stock prices following Biogen's announcement of acquiring Reata.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 4:42 pm

PMT

PennyMac Mortgage Investment Trust's shares have dropped following the company's Q2 financial results, which were below expectations.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 4:41 pm