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Stock Prices

CNFR

Conifer Holdings (CNFR) shares surged by 71.7% after announcing the sale of its insurance agency operations for $45 million and appointing Brian Roney as CEO. The company also sold its stake in Sycamore Specialty Underwriters for $6.5 million. These moves mark Conifer's exit from the insurance agency business, leading to an anticipated revenue decline.

Portfolio Pulse from Henry Khederian

September 03, 2024 | 7:41 pm

GME

GameStop (NYSE:GME) shares are rising due to several recent developments. The company terminated a $250 million credit facility with Wells Fargo, is converting locations to retro gaming stores, and will release Q2 financial results on Sept. 10. Analysts expect a loss of 9 cents per share and $895.67 million in revenue. GME stock is up 11% over the past five days.

Portfolio Pulse from Erica Kollmann

September 03, 2024 | 7:39 pm

ERIC

NOK

T

AT&T shares are rising due to a webcast announcement featuring CEO John Stankey at an upcoming conference and a new multi-year partnership with Nokia to enhance its fiber network. Despite losing a contract to Ericsson, Nokia remains a key player in telecom infrastructure.

Portfolio Pulse from Vaishali Prayag

September 03, 2024 | 7:36 pm

DIA

IWM

QQQ

SPY

Major indexes are experiencing a downturn, potentially due to August's ISM Manufacturing PMI data showing economic contraction and anticipation of non-farm payrolls data, which could influence future rate cuts.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 7:35 pm

BA

Boeing's stock is declining due to potential labor strikes and a downgrade by Wells Fargo. The IAM contract expiration could lead to a strike, and Wells Fargo downgraded Boeing from Equal-Weight to Underweight, lowering the price target to $119. Boeing shares are down 39.1% year-to-date.

Portfolio Pulse from Erica Kollmann

September 03, 2024 | 7:34 pm

AAPL

TSM

Apple shares are down as the company prepares for its annual iPhone event, where it will launch the iPhone 16 series and discontinue older models. Additionally, Apple's supply chain is impacted by Taiwan Semiconductor Manufacturing Co.'s efforts to localize neon gas production.

Portfolio Pulse from Vaishali Prayag

September 03, 2024 | 7:33 pm

S

SentinelOne's short interest has increased by 7.58%, with 10.38 million shares sold short, representing 3.69% of its float. This is below the peer group average of 4.57%. The rise in short interest suggests a bearish sentiment, but it doesn't guarantee a price drop.

Portfolio Pulse from Benzinga Insights

September 03, 2024 | 7:30 pm

A

Agilent Technologies (NYSE:A) has seen a decrease in short interest, with a 18.84% drop since the last report. Currently, 2.86 million shares are sold short, representing 1.12% of the float. This is lower than the peer group average of 5.52%.

Portfolio Pulse from Benzinga Insights

September 03, 2024 | 7:30 pm

NTNX

Nutanix's short interest has increased by 14.13%, with 5.69 million shares sold short, representing 3.07% of its float. This is higher than its peers' average of 2.59%. The rise in short interest suggests bearish sentiment, but it doesn't guarantee a price drop.

Portfolio Pulse from Benzinga Insights

September 03, 2024 | 7:30 pm

AI

C3.ai Inc (NYSE:AI) is set to report its Q1 earnings, with analysts expecting revenue of $86.9 million and a loss of 13 cents per share. The company has a history of beating EPS estimates and is diversifying into new AI sectors. Investors will watch for updates on its deal pipeline and federal agreements.

Portfolio Pulse from Chris Katje

September 03, 2024 | 7:29 pm