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GOOGL

Alphabet's (NASDAQ:GOOGL) short percent of float has fallen 4.26% since its last report, indicating a more bullish sentiment towards the stock. The company has 53.56 million shares sold short, which is 0.9% of all regular shares available for trading. Compared to its peers, Alphabet has less short interest, with the peer group average at 6.59%.

Portfolio Pulse from Benzinga Insights

June 29, 2023 | 8:30 pm

NKE

Nike Inc (NYSE:NKE) reported Q4 revenue of $12.82 billion, up 10% YoY, beating the Street consensus estimate of $12.59 billion. However, its Q4 earnings per share were 66 cents, missing the Street consensus estimate of 67 cents. Nike Direct revenue was $5.5 billion, up 15% YoY, while wholesale revenue was $6.7 billion, down 2% YoY. Sales in China were $1.8 billion, up 16% YoY. Full year revenue was $51.2 billion, up 10% YoY. Nike shares are down 0.27% to $113.08 in after-hours trading.

Portfolio Pulse from Chris Katje

June 29, 2023 | 8:30 pm

PRGS

Progress Software Corporation has projected its FY23 EPS to be between $4.16 and $4.24, higher than the estimated $4.14. The company also expects its revenue to be between $690M and $698M, surpassing the estimated $683.76M.

Portfolio Pulse from Benzinga Newsdesk

June 29, 2023 | 8:29 pm

BTCUSD

SPY

The article discusses the rise in Bitcoin's value since the shutdown of Silk Road, an underground marketplace that used Bitcoin as a primary payment method. It states that a $1,000 investment in Bitcoin on Oct. 2, 2013, would be worth $233,350.01 today, a return of 23,235.0%. In comparison, a $1,000 investment in the SPDR S&P 500 ETF Trust (NYSE:SPY) would be worth $3,091 today, a return of 209%.

Portfolio Pulse from Chris Katje

June 29, 2023 | 8:28 pm

ABST

Absolute Software Corporation's securityholders have approved the acquisition of all outstanding shares by Crosspoint Capital Partners' affiliate. The transaction is subject to regulatory approval and is expected to complete in the second half of 2023. Post completion, the shares will be delisted from the Toronto Stock Exchange and Nasdaq Global Market.

Portfolio Pulse from Happy Mohamed

June 29, 2023 | 8:25 pm

BRCC

Black Rifle Coffee Company (BRCC) has reaffirmed its full-year financial guidance for 2023, expecting a net revenue of $400M-$440M, which aligns with the consensus estimate of $421.21M.

Portfolio Pulse from Benzinga Newsdesk

June 29, 2023 | 8:23 pm

WE

WeWork Inc has notified the New York Stock Exchange (NYSE) that it is no longer in compliance with Section 303a.01 of the NYSE Listed Company Manual as of June 23.

Portfolio Pulse from Happy Mohamed

June 29, 2023 | 8:22 pm

NKE

Nike has projected sustainable and profitable growth for the fiscal year 2024 and beyond. The company has not provided specific figures or details.

Portfolio Pulse from Benzinga Newsdesk

June 29, 2023 | 8:21 pm

NKE

Nike has reported a decrease in Q4 gross margin by 140 basis points. The company attributes this to higher product input costs, elevated freight and logistics costs, higher markdowns, and continued unfavorable changes in net foreign currency exchange rates.

Portfolio Pulse from Benzinga Newsdesk

June 29, 2023 | 8:17 pm

GILD

Gilead Sciences's (NASDAQ:GILD) short percent of float has fallen 9.32% since its last report, with 16.32 million shares sold short, which is 1.46% of all regular shares available for trading. It would take traders 3.0 days to cover their short positions on average. The company has less short interest than most of its peers, with an average of 4.18%.

Portfolio Pulse from Benzinga Insights

June 29, 2023 | 8:15 pm