Streetbeat News

Stock Prices

CMG

The short percent of float for Chipotle Mexican Grill (NYSE:CMG) has risen 8.87% since its last report, with 873 thousand shares sold short, which is 3.19% of all regular shares available for trading. It would take traders 4.23 days to cover their short positions on average. The company's short interest is less than its peer group average of 9.47%.

Portfolio Pulse from Benzinga Insights

July 06, 2023 | 2:31 pm

ROP

Roper Techs's (NYSE:ROP) short percent of float has fallen 15.48% since its last report, with 756 thousand shares sold short, which is 0.71% of all regular shares available for trading. This decrease in short interest could signal a more bullish market sentiment towards Roper Techs. Compared to its peers, Roper Techs has less short interest as a percentage of float, with an average of 3.53%.

Portfolio Pulse from Benzinga Insights

July 06, 2023 | 2:31 pm

SPY

The U.S. economy continues to show strong growth, with the ISM Services PMI exceeding expectations in June. This has led to concerns about potential interest rate hikes, especially with the high ADP employment growth. The S&P 500 ETF Trust (NYSE:SPY) was down 1.3% due to these concerns.

Portfolio Pulse from Piero Cingari

July 06, 2023 | 2:27 pm

FAST

Fastenal Inc.'s (NASDAQ:FAST) stock price is currently at $57.36, after a 1.53% drop. However, over the past month, the stock has risen by 5.32%, and in the past year, by 13.29%. The company's P/E ratio is 30.03, higher than the aggregate P/E ratio of 17.96 of the Trading Companies & Distributors industry, indicating that the stock may be overvalued.

Portfolio Pulse from Benzinga Insights

July 06, 2023 | 2:22 pm

VBIV

VBI Vaccines has announced an $18 million public offering and a $3 million concurrent registered direct offering. This has led to a decrease in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

July 06, 2023 | 2:19 pm

WAVE

Eco Wave Power Global AB (NASDAQ:WAVE) has announced its intention to set up a share repurchase program to repurchase American Depositary Shares corresponding to up to 10 percent of the total number of shares in the Company. The program was approved by Eco Wave Power's shareholders at the 2023 Annual General Meeting. The repurchase is conditional on necessary permits being obtained from the Swedish Financial Supervisory Authority.

Portfolio Pulse from Happy Mohamed

July 06, 2023 | 2:18 pm

BRQS

Borqs Technologies, in partnership with SkyCentrics, has launched the next generation CTA-2045 ECOPORT communication products. The products, used for smart management of water heaters, pool pumps, and other EcoPorts, are expected to start commercial shipment in Q3 2023. The new products are more price competitive and have better cellular coverage. Borqs' shares are trading higher by 29.5%.

Portfolio Pulse from Nabaparna Bhattacharya

July 06, 2023 | 2:18 pm

HUBS

HubSpot's stock has been downgraded from Overweight to Neutral by Piper Sandler, leading to a decrease in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

July 06, 2023 | 2:16 pm

CRBU

PFE

Caribou Biosciences, Inc. (NASDAQ:CRBU) shares surged after the company announced a $25 million equity investment from Pfizer (NYSE:PFE). Pfizer purchased 4,690,431 of Caribou common shares at $5.33 per share. The proceeds will be used to advance CB-011, an immune cloaked allogeneic CAR-T cell therapy currently in a Phase 1 clinical trial.

Portfolio Pulse from Erica Kollmann

July 06, 2023 | 2:12 pm

APLD

Wolf Pack Research has published a short report on Applied Digital (APLD), titled 'APLD: An Embarrassing And Predictable Stock Promotion'. The report is expected to have a negative impact on the company's stock.

Portfolio Pulse from Happy Mohamed

July 06, 2023 | 2:11 pm