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PYPL

PayPal Holdings (NYSE:PYPL) has seen a decrease in short interest, with 20.97 million shares sold short, representing 2.01% of its float. This marks a 3.37% decline since the last report. The current short interest suggests a bullish sentiment compared to its peer group average of 4.93% short interest as a percentage of float. Short interest is a key indicator of market sentiment, and a decrease can imply that investors are becoming more optimistic about the stock.

Portfolio Pulse from Benzinga Insights

May 07, 2024 | 6:15 pm

BIDU

TSLA

Tesla, Inc. (NASDAQ:TSLA) shares dropped 3.31% to $178.64 amid news of CEO Elon Musk's visit to China, where he proposed testing Tesla's full self-driving (FSD) capabilities as taxis. The Chinese government showed partial support for the proposal. Additionally, Tesla is in the news for a potential collaboration with Baidu, Inc. (NASDAQ:BIDU) on autonomous driving technologies, though no new deal has been confirmed. Tesla also plans to shut down production in Grünheide for four days due to protests.

Portfolio Pulse from Nabaparna Bhattacharya

May 07, 2024 | 6:11 pm

PRGO

Perrigo's shares dropped due to a Q1 revenue miss, indicating the company's financial performance did not meet market expectations.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 6:08 pm

BRKR

TXG

The German Federal Patent Court invalidated a patent asserted by 10x Genomics against NanoString, now a Bruker business, impacting sales of CosMx SMI products in Germany. This legal victory for Bruker (NASDAQ:BRKR) follows a previous win at the UPC Court of Appeal. NanoString will seek to end the injunction in Germany and expects reimbursement for legal expenses.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 6:08 pm

VNO

Vornado Realty's shares dropped due to disappointing Q1 financial results, falling short of expectations.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 6:07 pm

SGRY

Surgery Partners' stock (SGRY) is trading higher after the company reported strong earnings for the first quarter.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 6:07 pm

APLS

Apellis Pharmaceuticals shares are trading lower following the release of their Q1 earnings.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 6:06 pm

BWXT

BWX Technologies shares are trading lower following the release of their Q1 earnings, indicating a negative market reaction to the financial results.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 6:05 pm

JJSF

J&J Snack Foods shares are trading higher following strong Q2 earnings.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 6:05 pm

PAY

Paymentus Holdings shares are trading lower following the release of their Q1 earnings.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 6:05 pm