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ACHC

Acadia Healthcare (ACHC) shares are trading lower after the company announced it was among several defendants named in New Mexico lawsuits. A jury awarded the plaintiff compensatory damages of $80 million and punitive damages of $405 million.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 5:52 pm

ACB

CGC

TLRY

A top GOP North Carolina lawmaker has indicated that the medical marijuana bill is likely to be shelved for the year, according to a Marijuana Moment report. This could potentially impact the performance of several US-listed companies in the cannabis sector.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 5:52 pm

FCEL

FuelCell Energy Inc (FCEL) shares are trading higher by 3.83% amid overall market strength following a lighter-than-expected June inflation report. Lower inflation can support the adoption of renewable energy solutions, making them more affordable and competitive. The positive market environment and the company's focus on sustainable energy solutions can drive investor interest and contribute to the appreciation of its stock price.

Portfolio Pulse from Henry Khederian

July 12, 2023 | 5:50 pm

MSFT

PANW

Palo Alto Networks, Inc. (NASDAQ:PANW) shares dropped amid competition concerns from Microsoft (NASDAQ:MSFT) due to the launch of Microsoft Entra Internet Access and Microsoft Entra Private Access. These products are part of Microsoft's expansion into identity and access protection. Despite this, Northland Capital Markets analyst Nehal Chokshi maintained an Outperform rating for PANW and raised the price target from $246 to $305.

Portfolio Pulse from Ryan Gustafson

July 12, 2023 | 5:47 pm

VEEV

Veeva Sys's (NYSE:VEEV) short percent of float has risen 8.24% since its last report, with 2.85 million shares sold short, which is 1.97% of all regular shares available for trading. It would take traders 1.98 days to cover their short positions on average. The company has less short interest than most of its peers, with the peer group average for short interest as a percentage of float being 6.63%.

Portfolio Pulse from Benzinga Insights

July 12, 2023 | 5:45 pm

UL

Unilever's (NYSE:UL) short percent of float has risen 11.11% since its last report, with 2.48 million shares sold short, which is 0.1% of all regular shares available for trading. This increase in short interest can act as an indicator of market sentiment towards a particular stock. However, compared to its peers, Unilever has less short interest as a percentage of float, which is 6.32% on average.

Portfolio Pulse from Benzinga Insights

July 12, 2023 | 5:45 pm

LMT

Lockheed Martin's (NYSE:LMT) short percent of float has risen 13.92% since its last report, with 1.93 million shares sold short, which is 0.9% of all regular shares available for trading. This increase in short interest can act as an indicator of market sentiment towards a particular stock. However, compared to its peers, Lockheed Martin has less short interest as a percentage of float, which is 3.22% on average.

Portfolio Pulse from Benzinga Insights

July 12, 2023 | 5:45 pm

BYND

Beyond Meat announced that its Beyond Steak product is expanding distribution to multiple chains, which has led to an increase in its share price.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 5:44 pm

SXTP

Shares of 60 Degrees Pharmaceuticals have started trading at $3.75.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 5:43 pm

SXTP

60 Degrees Pharmaceuticals shares are indicating a price of $3.75 on 38K shares.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 5:42 pm