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MBLY

Mobileye Global's (NYSE:MBLY) short percent of float has decreased by 9.31% since its last report, with 16.87 million shares sold short. This represents 25.41% of all regular shares available for trading. The average time to cover these short positions is 5.67 days. The company's short interest is higher than its peer group average of 5.64%.

Portfolio Pulse from Benzinga Insights

November 06, 2023 | 6:00 pm

ETHUSD

On Sunday, 4,136.17 Ether (ETH) worth $7,838,323 was burned from Ethereum transactions. This follows the Ethereum blockchain's upgrade known as EIP-1159, which changed the fee model and burns a base fee from each transaction. Ethereum is currently issuing new Ether at a rate of 4% per year, expected to decrease to around 0.5-1% with the Ethereum 2.0 upgrade. The net annualized issuance rate for Ether yesterday was -2.87%.

Portfolio Pulse from Benzinga Insights

November 06, 2023 | 6:00 pm

BIL

BRK

Warren Buffett's Berkshire Hathaway Inc. (NYSE:BRK) has reduced its exposure to equities and increased its cash holdings, with cash, cash equivalents, and U.S. Treasury Bills valued at $157.2 billion at the end of September. A significant portion of this, approximately $127.6 billion, was invested in U.S. Treasury Bills. The company's net acquisitions of U.S. Treasury Bills and fixed maturity securities surged to $134.2 billion during the first nine months of 2023. This move has influenced market participants, leading to a significant $3.2 billion inflow into the SPDR Bloomberg 1-3 Month T-Bill ETF (NYSE:BIL) over the past week.

Portfolio Pulse from Piero Cingari

November 06, 2023 | 5:49 pm

DBGI

Digital Brands Group Inc (NASDAQ:DBGI) has announced that its Board of Directors will initiate a formal review to explore strategic alternatives to maximize shareholder value. The decision comes in light of the dislocation between the company's public market value and the intrinsic value of its underlying assets. The company has not set a deadline for the completion of the process. In recent months, Digital Brands raised $5 million through equity offering and reported a 69.6% increase in Q2 FY23 revenue to $4.5 million.

Portfolio Pulse from Shivani Kumaresan

November 06, 2023 | 5:44 pm

BLMN

Bloomin' Brands reported Q3 FY23 sales growth of 2.3% to $1.079 billion, missing the analyst consensus estimate. Adjusted EPS of $0.44 beat the consensus. The company cut FY23 U.S. comparable restaurant sales and adjusted EPS guidance. Following the earnings announcement, analysts from Raymond James, Barclays, and Piper Sandler cut their price targets on Bloomin' Brands.

Portfolio Pulse from Lisa Levin

November 06, 2023 | 5:43 pm

LIFW

Shares of MSP Recovery, Inc. (NASDAQ:LIFW) are trading higher on heavy volume, with over 44.9 million shares traded compared to the 100-day average of 2.126 million. The company recently announced compliance with all Nasdaq listing standards, allowing its Class A common stock to continue to be listed and traded on the exchange. MSP Recovery uses data and analytics to identify and recover improper payments in the Medicare, Medicaid and commercial health insurance segments.

Portfolio Pulse from Erica Kollmann

November 06, 2023 | 5:41 pm

Barclays has upgraded Dominion Energy's stock from Equal-Weight to Overweight, leading to a rise in the company's share prices.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 5:41 pm

CREV

TRCA

Carbon Revolution Public Limited Company (NASDAQ:CREV) shares are trading higher after the company completed its business combination with Twin Ridge Capital Acquisition Corporation (NYSE:TRCA) and began trading under the CREV symbol. The company also announced a $70 million initial investment from Orion Infrastructure Capital, with $35 million immediately available and the rest to be released upon achieving certain milestones.

Portfolio Pulse from Erica Kollmann

November 06, 2023 | 5:40 pm

ABL

CNFR

FANH

HALL

ITIC

LMND

MCY

PGR

PLMR

RELI

SLQT

WDH

Insurance stocks showed mixed performance in Monday's intraday session. Gainers included Waterdrop (WDH), Abacus Life (ABL), Palomar Hldgs (PLMR), Fanhua (FANH), Mercury General (MCY), and Progressive (PGR). Losers included Conifer Holdings (CNFR), Reliance Global Group (RELI), Hallmark Financial Servs (HALL), Lemonade (LMND), SelectQuote (SLQT), and Investors Title (ITIC).

Portfolio Pulse from Benzinga Insights

November 06, 2023 | 5:40 pm

CREV

Carbon Revolution shares are experiencing volatility after the company started trading post its merger with Twin Ridge Capital Acquisition Corp.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 5:39 pm