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ALGM

Allegro Microsystems' shares have declined in response to the company's fourth-quarter earnings report.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 4:20 pm

PLTK

Playtika's stock is trading higher following the announcement of a Q1 revenue beat and the authorization of a $150 million stock buyback program.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 4:19 pm

CTEC

SEDG

TAN

SolarEdge Technologies, Inc. (NASDAQ:SEDG) reported Q1 FY24 results with revenues of $204.4 million, surpassing consensus but marking a significant year-over-year decline, especially in the solar segment which dropped 79%. The company experienced a negative adjusted gross margin of (6.5)%, a substantial decrease from the previous year's positive margin of 32.6%, and an adjusted EPS loss of $(1.90), missing consensus estimates. Despite these challenges, CEO Zvi Lando remains optimistic about future revenue improvement and new product releases. SolarEdge's stock fell 6.78% following the announcement. The company's performance can also impact investors through Invesco Solar ETF (NYSE:TAN) and Global X CleanTech ETF (NASDAQ:CTEC), which include SEDG in their holdings.

Portfolio Pulse from Lekha Gupta

May 09, 2024 | 4:18 pm

REG

Regency Centers has acquired the Compo Shopping Centers in Westport, Connecticut, expanding its retail footprint to nearly 120,000-square feet with the combined operations of Compo I & II and the adjacent Compo Acres. The financial terms of the acquisition were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 4:18 pm

TIXT

TELUS International shares are trading lower due to a Q1 revenue miss.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 4:18 pm

STVN

Stevanato's stock price declined following the announcement of mixed Q1 earnings and a downward revision of its 2024 guidance.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 4:17 pm

GPN

Global Payments (NYSE:GPN) has seen its short percent of float increase to 12.12% since the last report, with 7.51 million shares sold short, representing 2.96% of available shares. It would take about 5.05 days to cover these short positions. While an increase in short interest can indicate bearish market sentiment, it's noted that GPN has less short interest compared to its peer group average of 4.89%. This analysis suggests that while there's a bearish sentiment, GPN is performing relatively better than its peers in terms of short interest.

Portfolio Pulse from Benzinga Insights

May 09, 2024 | 4:15 pm

AAPL

AVGO

Kevin Simpson, on a live CNBC segment, announced that he has sold calls on Apple Inc. and sold his holdings in Broadcom Inc. This move could indicate his bearish outlook on these tech giants in the short term, potentially influencing investor sentiment and stock prices.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 4:15 pm

S

SentinelOne's (NYSE:S) short interest has decreased by 7.27%, with 7.47 million shares sold short, representing 2.68% of its float. This decrease suggests a more bullish sentiment among investors compared to its peers, where the average short interest is 4.42%. The decline in short interest does not guarantee a price increase but indicates fewer shares are being shorted.

Portfolio Pulse from Benzinga Insights

May 09, 2024 | 4:15 pm

ADBE

Adobe's (NYSE:ADBE) short interest has increased by 26.77% since the last report, with 7.19 million shares sold short, representing 1.61% of its float. This indicates a bearish market sentiment towards Adobe, despite its short interest being lower than its peer group average of 3.90%. The article suggests that an increase in short interest does not necessarily predict a near-term price fall.

Portfolio Pulse from Benzinga Insights

May 09, 2024 | 4:15 pm