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CI

Cigna Group's (NYSE:CI) short interest has decreased by 29.44%, with 3.95 million shares sold short, representing 1.39% of its float. This decline in short interest could indicate a more bullish sentiment towards CI among traders. Compared to its peers, CI has a significantly lower short interest percentage of float, with an average of 10.39% among its peers.

Portfolio Pulse from Benzinga Insights

May 10, 2024 | 7:30 pm

APLD

Applied Digital (NYSE:APLD) has seen an 8.68% increase in short percent of float, now at 23.54% of all shares available for trading. This indicates a bearish market sentiment towards APLD, with a current short volume of 22.96 million shares and a 4.36-day average to cover short positions. Compared to its peers, APLD has a significantly higher short interest, suggesting more bearish sentiment than its counterparts.

Portfolio Pulse from Benzinga Insights

May 10, 2024 | 7:30 pm

CMG

KO

MCD

SBUX

McDonald's Corp. is reportedly launching a $5 meal deal to attract cash-squeezed customers, partnering with Coca-Cola Co for marketing support. This move comes after a failed attempt earlier due to franchisee concerns over profitability amidst rising costs. The deal aims to reinforce McDonald's value proposition, especially as menu prices have doubled since 2014, outpacing inflation and price increases at competitors like Chipotle Mexican Grill, Inc. and Starbucks Corp. McDonald's shares rose 2.6% following the report.

Portfolio Pulse from Hayden Buckfire

May 10, 2024 | 7:28 pm

XPOF

Xponential Fitness shares were halted due to a circuit breaker trigger after a sharp decline of 30.3% in its stock price.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 7:27 pm

DFS

KBE

KRE

MA

SPY

V

XLF

Senator Durbin has written to Federal Reserve Chairman Jerome Powell regarding card network interchange fees, potentially impacting financial sector stocks and ETFs.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 7:24 pm

XPOF

Trading of Xponential Fitness shares has resumed.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 7:21 pm

ROST

Ross Stores (NYSE:ROST) has seen a 5.61% increase in short percent of float, now at 3.72 million shares or 1.13% of all shares available for trading. This indicates a bearish sentiment among investors, though it's lower than the peer group average of 17.96%. The article suggests that an increase in short interest doesn't necessarily predict a stock price fall.

Portfolio Pulse from Benzinga Insights

May 10, 2024 | 7:15 pm

ABBV

AbbVie's (NYSE:ABBV) short interest has increased by 4.05%, with 13.54 million shares sold short, representing 0.77% of its float. This indicates a bearish market sentiment, although it's lower than its peer group average of 6.02%. The article suggests that an increase in short interest doesn't necessarily predict a stock price fall.

Portfolio Pulse from Benzinga Insights

May 10, 2024 | 7:15 pm

AAL

American Airlines Gr's (NYSE:AAL) short interest has increased by 27.31%, with 51.72 million shares sold short, representing 8.95% of its float. This rise in short interest could indicate a bearish market sentiment towards AAL, despite being lower than its peer group average of 9.90% short interest as a percentage of float. The article suggests that an increase in short interest does not necessarily predict a stock price fall.

Portfolio Pulse from Benzinga Insights

May 10, 2024 | 7:15 pm

MYTE

Mytheresa is exploring a buyout to go private and is considering acquiring Net-a-porter to enhance its distribution. The company is working with Morgan Stanley and B. Riley on these plans. Mytheresa's interest in going private and acquiring Net-a-porter comes as the luxury e-commerce space consolidates, with competitors also looking to strengthen their positions. Mytheresa's upcoming third-quarter results show a significant sales increase and improved EBITDA margin, despite its struggle to connect with Wall Street since its IPO.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 7:13 pm