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OKE

ONEOK's (NYSE:OKE) short percent of float has risen 7.17% since its last report, with 11.30 million shares sold short, which is 3.29% of all regular shares available for trading. This increase in short interest can signal that investors have become more bearish. However, compared to its peers, ONEOK has less short interest as a percentage of float (3.48%).

Portfolio Pulse from Benzinga Insights

July 10, 2023 | 8:45 pm

LYG

Lloyds Banking Group's (NYSE:LYG) short percent of float has risen 40.0% since its last report, with 11.82 million shares sold short. This is 0.07% of all regular shares available for trading. Short interest can act as an indicator of market sentiment towards a stock. An increase in short interest can signal that investors have become more bearish. However, Lloyds Banking Group's peer group average for short interest as a percentage of float is 1.02%, which means the company has less short interest than most of its peers.

Portfolio Pulse from Benzinga Insights

July 10, 2023 | 8:45 pm

WEC

WEC Energy Group's short percent of float has risen 6.21% since its last report, with 4.16 million shares sold short, which is 1.71% of all regular shares available for trading. This increase in short interest can signal that investors have become more bearish. However, WEC Energy Group's peer group average for short interest as a percentage of float is 1.88%, which means the company has less short interest than most of its peers.

Portfolio Pulse from Benzinga Insights

July 10, 2023 | 8:45 pm

META

TWTR

Meta Platforms Inc.'s new innovation, Threads, has gained 100 million users within five days of its launch, causing a significant decrease in Twitter's web traffic. Twitter's traffic dropped by 5% in the first two days after Threads' launch, representing an 11% year-over-year decline. This shift could indicate a change in user preference in the social media landscape.

Portfolio Pulse from Piero Cingari

July 10, 2023 | 8:37 pm

IOVA

Iovance Biotherapeutics has announced a proposed public offering of common stock worth $150 million. The proceeds will be used for general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

July 10, 2023 | 8:35 pm

COHR

Coherent Corp. (NYSE:COHR) has provided an initial assessment of the expected export restrictions of gallium and germanium from China, starting August 1, 2023. The company believes the restriction will have minimal to no impact on its sales and prospects due to ample inventories and the ability to source the materials outside of China.

Portfolio Pulse from Happy Mohamed

July 10, 2023 | 8:32 pm

PSX

Phillips 66 Inc. (NYSE:PSX) stock has increased by 3.56% over the past month and by 24.59% over the past year. The company's P/E ratio is lower than the aggregate P/E of the Oil, Gas & Consumable Fuels industry, indicating that the stock might be undervalued. However, a low P/E ratio can also suggest weak growth prospects or financial instability.

Portfolio Pulse from Benzinga Insights

July 10, 2023 | 8:31 pm

AME

AMETEK (NYSE:AME) has outperformed the market over the past 15 years by 5.46% on an annualized basis, producing an average annual return of 14.44%. If an investor had bought $1000 of AME stock 15 years ago, it would be worth $7,531.24 today.

Portfolio Pulse from Benzinga Insights

July 10, 2023 | 8:30 pm

CI

Cigna Group (NYSE:CI) has outperformed the market over the past 15 years, producing an average annual return of 15.13%. If an investor had bought $1000 of CI stock 15 years ago, it would be worth $8,079.54 today.

Portfolio Pulse from Benzinga Insights

July 10, 2023 | 8:30 pm

SOL

The U.S. District Court for the Southern District of New York has issued final judgments in a stock fraud case involving former Cool Holdings Inc. chairman Andrew DeFrancesco and two other individuals. DeFrancesco, who founded SOL Global Investments Corp. (OTCPK: SOLCF) (NYSE:SOL) but resigned in April 2022, was found guilty of fraudulent filings and a pump-and-dump scheme. He has been ordered to pay over $3 million in disgorgement, prejudgment interest, and civil penalties, and is barred from serving as an officer or director of any public company.

Portfolio Pulse from Joana Scopel

July 10, 2023 | 8:26 pm