Streetbeat News

Stock Prices

AYRO

AYRO Inc. has announced a reverse stock split of its common stock at a ratio of 1 post-split share for every 8 pre-split shares. The common stock will begin trading on a split-adjusted basis from September 18.

Portfolio Pulse from Benzinga Newsdesk

September 15, 2023 | 4:36 pm

MITK

Mitek Systems reported its Q2 financial results, which led to a decrease in the company's share prices.

Portfolio Pulse from Benzinga Newsdesk

September 15, 2023 | 4:32 pm

IOVA

LIFW

NVX

PTCT

RFIL

VLCN

US stocks traded lower with the Nasdaq Composite falling more than 1%. Industrial production in the U.S. rose 0.4% from a month ago in August, above market estimates of a 0.1% growth. Novonix Limited (NVX), Iovance Biotherapeutics, Inc. (IOVA), and MSP Recovery, Inc. (LIFW) saw their shares rise, while RF Industries, Ltd. (RFIL), Volcon, Inc. (VLCN), and PTC Therapeutics, Inc. (PTCT) experienced a drop in their shares.

Portfolio Pulse from Lisa Levin

September 15, 2023 | 4:31 pm

PPG

PPG Industries' (NYSE:PPG) short percent of float has risen 50.0% since its last report, with 2.47 million shares sold short, which is 1.05% of all regular shares available for trading. It would take traders 2.07 days to cover their short positions on average. An increase in short interest can indicate a bearish market sentiment. However, PPG Industries has less short interest than most of its peers, with an average of 3.82%.

Portfolio Pulse from Benzinga Insights

September 15, 2023 | 4:30 pm

ABBV

Over the past 10 years, AbbVie (NYSE:ABBV) has outperformed the market by 2.52% on an annualized basis, producing an average annual return of 12.45%. If an investor had bought $1000 of ABBV stock 10 years ago, it would be worth $3,196.94 today.

Portfolio Pulse from Benzinga Insights

September 15, 2023 | 4:30 pm

AON

Aon's (NYSE:AON) short percent of float has fallen 11.11% since its last report, with 1.60 million shares sold short, which is 0.8% of all regular shares available for trading. It would take traders 2.46 days to cover their short positions on average. Aon's peer group average for short interest as a percentage of float is 3.29%, indicating that the company has less short interest than most of its peers.

Portfolio Pulse from Benzinga Insights

September 15, 2023 | 4:30 pm

CDW

CDW (NASDAQ:CDW) has outperformed the market over the past 10 years by 14.41% on an annualized basis, producing an average annual return of 24.33%. If an investor had bought $100 of CDW stock 10 years ago, it would be worth $870.63 today.

Portfolio Pulse from Benzinga Insights

September 15, 2023 | 4:30 pm

KKR

KKR & Co's short percent of float has risen 19.34% since its last report, with 16.21 million shares sold short, which is 2.53% of all regular shares available for trading. It would take traders 4.69 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. However, KKR & Co's peer group average for short interest as a percentage of float is 2.96%, which means the company has less short interest than most of its peers.

Portfolio Pulse from Benzinga Insights

September 15, 2023 | 4:30 pm

NUE

STLD

ZEUS

Shares of steel stocks are trading lower in sympathy with Nucor, which issued weak Q3 guidance. Steel Dynamics (STLD) and Olympic Steel (ZEUS) may also be affected.

Portfolio Pulse from Benzinga Newsdesk

September 15, 2023 | 4:27 pm

F

GM

STLA

TSLA

Members of the United Auto Workers union have gone on strike, affecting Ford Motor Company, General Motors Company, and Stellantis. Analyst Daniel Ives suggests that Tesla, which is not unionized, could benefit from this situation. The strike could potentially increase costs and delay the Big 3 automakers' transition to electric vehicles, giving Tesla an advantage.

Portfolio Pulse from Erica Kollmann

September 15, 2023 | 4:27 pm