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SYM

Symbotic (NYSE:SYM) has seen a 6.33% decrease in its short percent of float, now at 22.94% with 8.70 million shares sold short. This indicates a potential shift in market sentiment. It would take traders 9.88 days to cover their short positions based on current trading volume.

Portfolio Pulse from Benzinga Insights

June 17, 2024 | 7:30 pm

PDD

PDD Holdings (NASDAQ:PDD) has significantly outperformed the market over the past 5 years, with an average annual return of 47.8%. A $1000 investment in PDD 5 years ago would be worth $7,087.35 today. The article highlights the impact of compounded returns on investment growth.

Portfolio Pulse from Benzinga Insights

June 17, 2024 | 7:30 pm

GWW

W.W. Grainger (NYSE:GWW) has significantly outperformed the market over the past 5 years, delivering an average annual return of 27.56%. A $100 investment in GWW 5 years ago would now be worth $334.38.

Portfolio Pulse from Benzinga Insights

June 17, 2024 | 7:30 pm

TSLA

Tesla shareholders have approved a $44 billion pay package for CEO Elon Musk and voted to move the company's legal domicile from Delaware to Texas. The stock has dropped 28% year-to-date and 55% from its 2021 peak, currently trading at $178.01.

Portfolio Pulse from Zaheer Anwari

June 17, 2024 | 7:25 pm

CBIH

Cannabis Bioscience International Holdings (OTCPK: CBIH), a Texas-based cannabis company, received a $2 billion valuation from StoneBridge Advisory. This valuation supports CBIH's strategic restructuring and growth plans, positioning it to pursue strategic alliances and investment opportunities.

Portfolio Pulse from Patricio Liddle

June 17, 2024 | 7:25 pm

PENN

Penn shares are trading higher amid strength in sports betting stocks. Optimism is driven by the expectation that New Jersey will not introduce taxes on sports betting in its 2025 budget and the U.S. Supreme Court's decision to deny hearing the Florida sports betting case, potentially accelerating other state launches.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 7:23 pm

BRTX

BioRestorative Therapies shares are trading higher after the company announced it regained compliance with the Nasdaq.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 7:17 pm

THQQF

Embracer Group AB (OTC:THQQF) has shut down Pieces Interactive, the developer behind Alone in the Dark, due to the game's poor performance. This closure is part of Embracer's broader restructuring efforts, which have also seen the shutdown of other studios and the sale of assets like Gearbox Software.

Portfolio Pulse from Franca Quarneti

June 17, 2024 | 7:17 pm

GME

GameStop shares are trading lower following the company's annual shareholder meeting, which was postponed due to technology issues and high demand. CEO Ryan Cohen emphasized a strategic pivot towards profitability through cost reduction and a streamlined retail presence.

Portfolio Pulse from Vaishali Prayag

June 17, 2024 | 7:16 pm

ADSK

Autodesk's short interest has risen by 4.04%, with 2.22 million shares sold short, representing 1.03% of its float. This increase in short interest could indicate bearish sentiment, although Autodesk's short interest is lower than its peers' average of 3.89%.

Portfolio Pulse from Benzinga Insights

June 17, 2024 | 7:15 pm