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KHC

Kraft Heinz's (NYSE:KHC) short percent of float has risen 17.96% since its last report, with 17.71 million shares sold short, which is 1.97% of all regular shares available for trading. It would take traders 2.19 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. However, Kraft Heinz's peer group average for short interest as a percentage of float is 4.56%, which means the company has less short interest than most of its peers.

Portfolio Pulse from Benzinga Insights

September 28, 2023 | 8:45 pm

GOOG

GOOGL

Bill Ackman, the founder of Pershing Square Capital Management, has revealed that his decision to buy Alphabet Inc. stock was largely influenced by the company's advancements in artificial intelligence (AI).

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 8:39 pm

ITA

The U.S. State Department is preparing for a possible government shutdown due to disagreements over spending levels for fiscal year 2024. In the event of a shutdown, nonessential official travel and events would be scaled back, and some foreign aid programs may face funding shortages. The defense and aviation industry, including the iShares U.S. Aerospace & Defense ETF (NYSE:ITA), could be significantly impacted.

Portfolio Pulse from Piero Cingari

September 28, 2023 | 8:39 pm

GT

Goodyear Tire & Rubber Co (GT) has announced that it will provide an estimated impact to 2024 after confirming the restoration schedule, according to an 8K filing.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 8:37 pm

GT

Goodyear Tire & Rubber Co announced that full ramp-up at its tire manufacturing facility in Debica, Poland is not expected until Q4 of 2024. The company resumed tire production at Debica on August 22, 2023, at approximately 55% of capacity.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 8:36 pm

NKE

Nike Inc reported Q1 revenue of $12.939 billion, missing the consensus estimate of $12.98 billion. However, the company's earnings per share of 94 cents beat analyst estimates of 74 cents. North America sales were down 2% YoY, while sales in Greater China, Europe, Asia Pacific, and Latin America were up. Gross margin decreased to 44.2% and inventories were down 10% YoY. The company ended the quarter with $8.8 billion in cash, equivalents, and short-term investments.

Portfolio Pulse from Adam Eckert

September 28, 2023 | 8:36 pm

FATH

Fathom Digital Manufacturing Corp. (FATH) has announced that its 1-for-20 reverse stock split has become effective on September 28, 2023. The reverse stock split reduced the number of issued and outstanding shares of the company's Class A common stock from approximately 70.1 million to approximately 3.5 million. The primary goal of the reverse stock split is to increase the per share market price of the company's Class A common stock to meet the minimum $1.00 average closing price requirement for continued listing on the NYSE.

Portfolio Pulse from Happy Mohamed

September 28, 2023 | 8:35 pm

BABA

A whale investor has taken a bearish stance on Alibaba Group Holding (NYSE:BABA), with 56% of the investors opening trades with bearish expectations. The whales have been targeting a price range from $75.0 to $270.0 for Alibaba over the last 3 months. The price of BABA is down -0.75% at $85.54. Susquehanna has downgraded its action to Positive with a price target of $160.

Portfolio Pulse from Benzinga Insights

September 28, 2023 | 8:34 pm

DDOG

A significant bearish stance has been taken on Datadog (NASDAQ:DDOG) by a large investor, as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 40% bullish and 60% bearish. The whales have been targeting a price range from $80.0 to $150.0 for Datadog over the last 3 months. Citigroup has maintained their Buy rating on Datadog, with a price target of $125.

Portfolio Pulse from Benzinga Insights

September 28, 2023 | 8:34 pm

ZJYL

Jin Medical International Limited has received a Nasdaq notification letter regarding noncompliance with continued listing rule 5550(a)(3).

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 8:33 pm