Streetbeat News

Stock Prices

PCAR

PACCAR's (NASDAQ:PCAR) short percent of float has risen 9.73% since its last report, with 9.26 million shares sold short, which is 2.03% of all regular shares available for trading. It would take traders 3.5 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. However, PACCAR's peer group average for short interest as a percentage of float is 5.05%, which means the company has less short interest than most of its peers.

Portfolio Pulse from Benzinga Insights

June 30, 2023 | 6:45 pm

PAYX

Paychex's (NASDAQ:PAYX) short percent of float has fallen 7.41% since its last report, with 8.85 million shares sold short, which is 2.75% of all regular shares available for trading. It would take traders 4.0 days to cover their short positions on average. Compared to its peers, Paychex has less short interest as a percentage of float, with an average of 6.14%.

Portfolio Pulse from Benzinga Insights

June 30, 2023 | 6:45 pm

ORLY

O'Reilly Automotive's (NASDAQ:ORLY) short percent of float has risen 5.26% since its last report, with 964 thousand shares sold short, which is 1.6% of all regular shares available for trading. It would take traders 2.2 days to cover their short positions on average. The company's short interest is less than its peer group average of 15.14%.

Portfolio Pulse from Benzinga Insights

June 30, 2023 | 6:45 pm

HUBS

HubSpot shares are trading higher due to overall strength in tech stocks.

Portfolio Pulse from Benzinga Newsdesk

June 30, 2023 | 6:37 pm

NET

Cloudflare's shares are experiencing an upward trend, in line with the overall strength in the tech sector.

Portfolio Pulse from Benzinga Newsdesk

June 30, 2023 | 6:34 pm

BXRX

CYT

RNLX

U.S. stocks traded higher with the Nasdaq Composite gaining more than 1% on Friday. Renalytix Plc (NASDAQ:RNLX) shares shot up 44% after the company received FDA De Novo marketing authorization for its KidneyIntelX.dkd prognostic test. Baudax Bio, Inc. (NASDAQ:BXRX) shares shot up 123% after the company agreed to acquire TeraImmune in a stock-for-stock transaction. Cyteir Therapeutics, Inc. (NASDAQ:CYT) shares were up 38% after the company announced it is discontinuing all development of CYT-0851, dissolving the company and liquidating its assets.

Portfolio Pulse from Lisa Levin

June 30, 2023 | 6:34 pm

TMC

The Metals Company (TMC) has regained compliance with Nasdaq's minimum bid requirement, according to a written notice received from Nasdaq on June 30.

Portfolio Pulse from Happy Mohamed

June 30, 2023 | 6:32 pm

TEAM

Atlassian shares are experiencing an increase in value, in line with the overall strength in the tech sector.

Portfolio Pulse from Benzinga Newsdesk

June 30, 2023 | 6:30 pm

SOFI

SoFi Technologies, Inc (NASDAQ:SOFI) experienced high volatility and was trading lower after the Supreme Court blocked President Joe Biden’s plan to cancel student debt. Despite this, SoFi, a provider of student loans, could potentially benefit from the news. The stock had risen higher on June 28 and June 29, negating a previous downtrend. If the stock bounces on Monday, it will confirm a new uptrend pattern.

Portfolio Pulse from Melanie Schaffer

June 30, 2023 | 6:30 pm

ADI

AMD

LSCC

MCHP

NXPI

Semiconductor and chip stocks are trading higher due to overall tech strength, Micron's earnings, an analyst upgrade of NVIDIA, and continued interest in AI. Stocks mentioned include ADI, AMD, LSCC, MCHP, and NXPI.

Portfolio Pulse from Benzinga Newsdesk

June 30, 2023 | 6:29 pm