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OLLI

Ollie's Bargain Outlet shares are trading higher after JP Morgan upgraded the stock from Neutral to Overweight.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 2:58 pm

MIRM

Mirum Pharmaceuticals announced positive interim results from two Phase 2b studies evaluating volixibat for primary biliary cholangitis (PBC) and primary sclerosing cholangitis (PSC). The VANTAGE study showed significant improvement in pruritus and fatigue with no new safety signals. The VISTAS study will continue with the selected dose. MIRM shares rose 14.6% following the announcement.

Portfolio Pulse from Vandana Singh

June 17, 2024 | 2:53 pm

JBL

Jabil Inc. (NYSE:JBL) is set to release its third-quarter financial results on Thursday. Analysts expect earnings of $1.85 per share and revenue of $6.53 billion. Recent analyst ratings include a downgrade from Argus Research and mixed price target adjustments from Barclays, Goldman Sachs, Stifel, and JP Morgan.

Portfolio Pulse from Avi Kapoor

June 17, 2024 | 2:51 pm

MIRM

Mirum Pharmaceuticals shares are trading higher following the announcement of positive interim results from two Phase 2b studies evaluating volixibat in patients with primary biliary cholangitis and primary sclerosing cholangitis.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 2:47 pm

BOW

Bowhead Specialty Holdings Inc (NYSE:BOW) received a Market Outperform rating and a $31 price target from JMP Securities analyst Matthew Carletti. Despite shares trading lower, the company is well-positioned to benefit from hard market conditions in specialty casualty insurance lines.

Portfolio Pulse from Priya Nigam

June 17, 2024 | 2:46 pm

MRNA

MSFT

OpenAI, backed by Microsoft, has partnered with Color Health to develop AI-driven cancer care solutions. The initiative uses OpenAI's GPT-4o model to assist physicians in cancer screening and treatment planning. The collaboration also involves Moderna in automating clinical trial tasks.

Portfolio Pulse from Shivani Kumaresan

June 17, 2024 | 2:46 pm

SIRI

Sirius XM Holdings (NYSE:SIRI) has seen a 7.83% increase in its short percent of float, now at 24.79%. This indicates a bearish sentiment among investors, as it would take 5.46 days to cover these short positions. Compared to its peers, Sirius XM has a higher short interest percentage.

Portfolio Pulse from Benzinga Insights

June 17, 2024 | 2:45 pm

F

Ford Motor's (NYSE:F) short interest has risen by 8.81%, with 129.45 million shares sold short, representing 3.58% of its float. This increase in short interest could indicate bearish sentiment, although it is lower than the peer group average of 9.79%.

Portfolio Pulse from Benzinga Insights

June 17, 2024 | 2:45 pm

AMC

GME

AMC Entertainment Holdings Inc (NYSE:AMC) shares are trading higher after the company announced its most attended and highest grossing weekend of 2024, driven by the opening of 'Inside Out 2' and strong holdover from 'Bad Boys: Ride or Die.' Over 3.8 million people attended AMC theaters in the U.S. over the weekend, with international attendance also up by double digits. Additionally, AMC and other high short interest stocks have seen increased retail investor attention following the return of GameStop Corp (NYSE:GME) trader Keith Gill to social media.

Portfolio Pulse from Adam Eckert

June 17, 2024 | 2:42 pm

SHOP

Shopify shares are trading lower despite a recent upgrade from Evercore that had previously boosted the stock.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 2:42 pm