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TSNDF

TerrAscend Corp. has announced a $10 million share repurchase program following strong Q2 results, marking its first stock buyback initiative. The program allows for the repurchase of up to 10 million shares, about 5% of the public float, starting August 22, 2024. The company reported a 7.5% increase in net revenue year-over-year and has no major debt maturing until 2027. Despite the positive news, TSNDF shares were trading 6.61% lower.

Portfolio Pulse from Patricio Liddle

August 20, 2024 | 7:42 pm

MFIN

ZimCal Asset Management, a major investor in Medallion Financial Corp. (MFIN), expresses concern over the company's Q2 2024 results, highlighting poor trends in core charge-offs, ROAA, ROAE, and cash-burn. Despite market skepticism, ZimCal sees potential upside with improved governance and leadership.

Portfolio Pulse from Benzinga Newsdesk

August 20, 2024 | 7:35 pm

COIN

The potential appointment of SEC Chair Gary Gensler as Treasury Secretary under a Kamala Harris administration could lead to increased regulation in the crypto industry, potentially depressing crypto prices. Gensler's history of stringent regulation has already caused concern in the crypto community, with fears of further complications for crypto companies.

Portfolio Pulse from Khyathi Dalal

August 20, 2024 | 7:34 pm

VVOS

Vivos Therapeutics shares rose following Ascendiant Capital's decision to maintain a Buy rating and increase the price target from $6.4 to $6.6.

Portfolio Pulse from Benzinga Newsdesk

August 20, 2024 | 7:33 pm

AGAE

Allied Gaming & Entertainment reported a year-over-year decrease in Q2 financial results, leading to a decline in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 20, 2024 | 7:32 pm

EBC

Eastern Bankshares (NYSE:EBC) has seen a 46.5% decrease in its short percent of float, now at 1.91%. This is lower than its peers' average of 5.61%. The decrease in short interest may indicate a more bullish sentiment towards the stock.

Portfolio Pulse from Benzinga Insights

August 20, 2024 | 7:30 pm

PGR

Progressive's short interest has increased by 7.5%, with 5.03 million shares sold short, representing 0.86% of its float. This is below the peer group average of 2.13%. The rise in short interest may indicate bearish sentiment, but it doesn't guarantee a price drop.

Portfolio Pulse from Benzinga Insights

August 20, 2024 | 7:30 pm

MCHP

Microchip Technology (NASDAQ:MCHP) has outperformed the market over the past 10 years with an average annual return of 12.93%, resulting in a $100 investment growing to $338.13. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

August 20, 2024 | 7:30 pm

TOVX

Theriva Biologics (NYSE:TOVX) has seen a 58.82% increase in its short percent of float, now at 0.27% of available shares. This rise in short interest suggests a bearish sentiment among investors, although it remains below the peer group average of 6.59%.

Portfolio Pulse from Benzinga Insights

August 20, 2024 | 7:30 pm

RMD

ResMed (NYSE:RMD) has significantly outperformed the market over the past decade, with an annualized return of 15.63%. A $1000 investment in ResMed 10 years ago would now be worth $4,326.72, highlighting the power of compounded returns.

Portfolio Pulse from Benzinga Insights

August 20, 2024 | 7:30 pm