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ADN

Advent Technologies Holdings, Inc. (NASDAQ:ADN) announced a 1-for-30 reverse stock split effective May 14, 2024. The reverse split will apply to its common stock and publicly traded warrants, trading under symbols "ADN" and "ADNWW" respectively, on the Nasdaq. The CUSIP number for the common stock will change to 00788A 204 post-split.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 5:33 pm

WTTR

Citigroup analyst Scott Gruber upgrades Select Water Solutions (NYSE:WTTR) from Neutral to Buy and sets a $13 price target.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 5:32 pm

TMUS

USM

VZ

United States Cellular (USM) shares are trading higher after reports emerged that T-Mobile and Verizon are considering purchasing the company. This news has sparked investor interest, leading to an increase in USM's stock price as the market reacts to the potential acquisition.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 5:30 pm

IOVA

Iovance Biotherapeutics (NYSE:IOVA) has seen an 8.92% increase in its short percent of float, now at 19.53% of all shares available for trading. This indicates a bearish market sentiment, although an increase in short interest can sometimes be bullish. The company's short interest is higher than its peer group average of 12.57%.

Portfolio Pulse from Benzinga Insights

May 09, 2024 | 5:30 pm

SOFI

SoFi Technologies (NYSE:SOFI) has seen a 4.9% increase in its short percent of float, now at 17.98% with 180.07 million shares sold short. This indicates a bearish market sentiment, although it's higher than its peer group average of 6.53%. The article suggests that while increased short interest signals more bearish views, it can also be bullish, implying potential for profit.

Portfolio Pulse from Benzinga Insights

May 09, 2024 | 5:30 pm

FE

FirstEnergy (NYSE:FE) has seen an increase in short interest, now at 12.11 million shares or 2.74% of float, higher than its peer group average of 2.10%. This rise in short interest, taking 4.23 days on average to cover, indicates a more bearish market sentiment towards FE but does not necessarily predict a near-term price fall.

Portfolio Pulse from Benzinga Insights

May 09, 2024 | 5:30 pm

GME

GameStop Corporation (NYSE:GME) experienced slight volatility, with technical analysis indicating bullish patterns despite Wall Street's average 12-month price target being 63% below its current share price. The stock is in an uptrend, consolidating above the 200-day SMA, and is set to report quarterly financials on June 5. Bullish patterns suggest a potential rise to the $24 area, while bearish scenarios could see a breakdown from current patterns.

Portfolio Pulse from Melanie Schaffer

May 09, 2024 | 5:27 pm

USM

United States Cellular (USM) shares have resumed trading, indicating a potential shift in market dynamics for the company.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 5:25 pm

TDS

Trading of Telephone And Data Systems (TDS) shares has resumed after a temporary halt. This development is crucial for investors monitoring the stock's performance and market sentiment.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 5:25 pm

NLCP

Cannabis REIT NewLake Capital Partners Inc. (NLCP) reported a 10.4% increase in Q1 2024 revenue, reaching $12.6 million. Net income and FFO also saw year-over-year increases. The company highlighted its strategic expansion, including a $4 million acquisition of a Connecticut cultivation facility and a $12 million commitment for tenant improvements. NewLake's CEO expressed optimism about the cannabis industry's future, especially with potential marijuana rescheduling. NLCP's stock was up 0.33% at $20.35 per share.

Portfolio Pulse from Patricio Liddle

May 09, 2024 | 5:25 pm