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HUBB

Hubbell (NYSE:HUBB) has seen a 14.38% increase in its short percent of float, now at 3.58%. This indicates a rise in bearish sentiment, although it remains below the peer group average of 10.38%. It would take traders 4.01 days to cover their short positions.

Portfolio Pulse from Benzinga Insights

June 26, 2024 | 2:45 pm

JLL

Jones Lang LaSalle (NYSE:JLL) has seen a 9.01% increase in its short percent of float, now at 2.42%. This indicates a rise in bearish sentiment, although it remains below the peer group average of 5.95%. It would take traders 4.01 days to cover their short positions.

Portfolio Pulse from Benzinga Insights

June 26, 2024 | 2:45 pm

ALB

CME

LIT

LITP

Albemarle Corporation (NYSE:ALB) shares are trading higher as the company plans additional lithium auctions to enhance price transparency and strengthen supply contracts with automakers. The move aims to address the opaque lithium market and provide clearer pricing. The London Metal Exchange has yet to launch its lithium futures contract, and CME Group Inc. (NASDAQ:CME) has low trading volumes for its lithium contract. Investors can also gain exposure through Sprott Lithium Miners ETF (NASDAQ:LITP) and Global X Lithium & Battery Tech ETF (NYSE:LIT).

Portfolio Pulse from Lekha Gupta

June 26, 2024 | 2:44 pm

ALB

LAC

LITM

SGML

SQM

Shares of lithium stocks are trading higher amid possible sympathy with Albemarle after the company announced it plans more lithium auctions to boost market transparency.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 2:41 pm

ALB

Albemarle shares are trading higher following the company's announcement to hold more auctions to enhance price transparency and market understanding.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 2:39 pm

ALB

CME

Albemarle, the world's largest lithium producer, plans to hold more auctions to boost price transparency and promote a better understanding of the lithium market. This move aims to build trust and provide consistent supply contracts for automakers. The company will share auction data with pricing agencies to create publicly available prices, which should boost hedging and financial contracts. Albemarle is also focusing on aggressive growth in Chile's Salar de Atacama but has no plans for new bids in other lithium-rich areas.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 2:38 pm

MU

Micron Technology Inc (NASDAQ:MU) is in focus ahead of its Q3 earnings report, with analysts expecting positive results. The company has a history of exceeding estimates and has received multiple price target upgrades from major firms.

Portfolio Pulse from Adam Eckert

June 26, 2024 | 2:36 pm

MASI

Masimo Corporation has filed an investor presentation highlighting its strategic initiatives for growth and margin expansion. The company is urging stockholders to vote for its current leadership, Joe Kiani and Christopher Chavez, against Politan's bid for control, which Masimo claims lacks a clear plan and poses a risk to stockholder value.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 2:36 pm

GRND

Grindr Inc. (NYSE:GRND) shares are trading higher after the company raised its full-year revenue guidance ahead of its first investor day. Grindr increased its 2024 revenue growth guidance from at least 23% to at least 25% and reiterated its adjusted EBITDA guidance of at least 40%. The company expects 20-25% annual revenue growth through 2027 with adjusted EBITDA margins of 39-42%. Shares are up 12.2% at $11.50, trading above the 50-day moving average of $9.74, with 13.42% of available shares being sold short.

Portfolio Pulse from Erica Kollmann

June 26, 2024 | 2:35 pm

GRND

Grindr shares are trading higher after the company raised its full-year revenue guidance ahead of its first investor day.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 2:35 pm