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Stock Prices

VFC

VF Corporation (NYSE:VFC) has seen a 13.22% increase in short interest since its last report, with 34.05 million shares now sold short, representing 9.85% of its available trading shares. This indicates a bearish market sentiment towards VFC, as it takes an average of 4.89 days for traders to cover their short positions. VF's short interest is higher than its peer group average of 7.80%, suggesting more bearish sentiment compared to its peers.

Portfolio Pulse from Benzinga Insights

April 26, 2024 | 3:30 pm

MED

Medifast (NYSE:MED) has seen a significant increase in short interest, with 2.66 million shares sold short, representing 37.11% of its available trading shares. This marks a 29.89% rise since the last report, indicating a bearish market sentiment. However, an increase in short interest can sometimes be bullish, as covering short positions can drive the stock price up. Medifast's short interest is notably higher than its peer group average of 4.61%.

Portfolio Pulse from Benzinga Insights

April 26, 2024 | 3:30 pm

ICLK

iClick Interactive Asia Group Ltd (NASDAQ:ICLK) shares plummeted by 54.5% to $1.15 after announcing the termination of its merger agreement with TSH Investment Holding Limited and TSH Merger Sub Limited. The termination occurred despite iClick fulfilling necessary conditions, as the Parent and Merger Sub failed to finalize the merger within the specified timeframe. iClick has demanded a $1.8 million termination fee. Year to date, ICLK shares have lost 60.91%, outperforming its historical average annual return of -73.01%. The stock's RSI of 14.26 indicates oversold conditions.

Portfolio Pulse from Henry Khederian

April 26, 2024 | 3:27 pm

RCON

Recon Technology's shares are trading higher following the announcement of a 1-for-18 reverse stock split made yesterday. This corporate action typically aims to increase the market price of a company's shares.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 3:19 pm

DOGEUSD

PEPEUSD

SHIBUSD

Pepe (CRYPTO: PEPE) has seen a 42% increase over the week, outperforming Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) in trading volume, indicating a shift in investor interest towards Pepe. Crypto trader Plazma's switch from WIF to PEPE preceded a 50% increase in Pepe's value, advocating for investment in 'real memes'. Despite Bitcoin's decline, Pepe shows growing independence from Bitcoin's price movements, with predictions of reaching its all-time high. Pepe's trading volume hit $1.2 billion, surpassing DOGE and SHIB, with a notable increase in transactions over $100,000, suggesting rising institutional interest.

Portfolio Pulse from Khyathi Dalal

April 26, 2024 | 3:19 pm

NUWE

Nuwellis shares are trading lower following the announcement of a $2.7 million public offering.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 3:13 pm

AN

AutoNation Inc (NYSE:AN) shares surged 10.52% to $177.44 after reporting a 1% year-on-year sales growth to $6.48 billion in Q1 2024, slightly missing estimates. New vehicle sales increased by 7%, while used vehicle sales grew 2%. Despite a decline in segment income and a 7% drop in gross profit to $1.19 billion, EPS of $4.49 exceeded expectations. The company also announced a $1 billion additional stock repurchase authorization.

Portfolio Pulse from Shivani Kumaresan

April 26, 2024 | 3:06 pm

APO

PSCE

SLCA

XES

U.S. Silica Holdings, Inc. (SLCA) shares surged after announcing an acquisition deal by Apollo Global Management, Inc. (APO) affiliates for $1.85 billion, or $15.50 per share, a significant premium over its recent closing prices. The deal, expected to close in Q3 2024, will take SLCA private. Additionally, SLCA reported Q1 FY24 earnings with an EPS of $0.20 and sales of $325.9 million, missing sales consensus but meeting EPS expectations. The company saw a 17% Y/Y decline in total tons sold but noted a sequential increase in Oil & Gas segment volumes.

Portfolio Pulse from Lekha Gupta

April 26, 2024 | 3:05 pm

BABA

BILI

FUTU

JD

WB

Chinese tech stocks are experiencing an uptick in their share prices as a result of robust earnings reports from major US technology companies. This positive momentum reflects investor optimism that strong performance in the US tech sector could bode well for Chinese tech firms.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 3:05 pm

PTCT

PTC Therapeutics shares surged following the announcement of better-than-expected Q1 financial results and the reaffirmation of its FY24 financial guidance.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 3:04 pm