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AWIN

AERWINS Technologies shares have resumed trading, indicating a return to market activity for the company.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 2:51 pm

JUNE

Shares of Junee were halted due to a circuit breaker triggered by a significant upside movement. This indicates a sudden and sharp increase in Junee's stock price, leading to a temporary trading halt to ensure market stability.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 2:51 pm

JUNE

Junee, under the ticker symbol JUNE, has launched its Initial Public Offering (IPO) with shares priced at $4 each, offering 2 million shares to the public. The shares have now opened for trade.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 2:51 pm

PLCE

Children's Place Inc (NASDAQ:PLCE) shares surged after announcing a new $90 million financing agreement with majority shareholder Mithaq Capital SPC. This unsecured, subordinated term loan, expected to be funded by April 19, 2024, aims to improve liquidity and will be used to repay an existing $50 million loan and for general corporate purposes. The loan, maturing on April 16, 2027, features interest at SOFR plus 4.00% per annum, with deferred payments until April 30, 2025. Since February 29, 2024, Children's Place has received $168.6 million in funding from Mithaq.

Portfolio Pulse from Shivani Kumaresan

April 17, 2024 | 2:50 pm

AWIN

Shares of AERWINS Technologies were halted due to a circuit breaker after surging 67%. The halt was triggered by the stock's rapid upside movement.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 2:47 pm

ITT

Stifel analyst Nathan Jones has maintained a Buy rating on ITT Inc. (NYSE:ITT) and increased the price target from $141 to $150, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 2:47 pm

AMR

Alpha Metallurgical's (NYSE:AMR) short interest has increased to 15.85% of its float, significantly higher than its peers' average of 5.25%. This rise to 1.40 million shares sold short suggests a bearish market sentiment, although it doesn't necessarily predict a near-term price drop. The stock's short interest has grown 24.8% since the last report, indicating increased bearishness among investors.

Portfolio Pulse from Benzinga Insights

April 17, 2024 | 2:45 pm

PALI

Palisade Bio's (NYSE:PALI) short interest has significantly increased by 756.82% since the last report, with 27 thousand shares sold short, representing 3.77% of its float. This positions PALI above its peer group average for short interest, which is 3.36%. The rise in short interest indicates a more bearish market sentiment towards PALI, but it's also noted that an increase in short interest can sometimes be bullish for a stock.

Portfolio Pulse from Benzinga Insights

April 17, 2024 | 2:45 pm

AXP

American Express (NYSE:AXP) has seen a decrease in short interest, with 6.66 million shares sold short, representing 1.17% of its float. This marks a 12.69% decline since the last report, indicating a potential shift in market sentiment towards more bullish views. The current short interest requires approximately 2.93 days for traders to cover, based on average trading volumes. Compared to its peers, American Express has a significantly lower short interest percentage of float, with an average of 8.17% among its peers, suggesting a stronger position or sentiment in its favor.

Portfolio Pulse from Benzinga Insights

April 17, 2024 | 2:45 pm

TSLA

Tesla, Inc. (NASDAQ:TSLA) faces a challenging shareholder meeting on June 13, with issues such as demand challenges in China, global EV demand weakness, and a Delaware court nullifying Musk's $56 billion award. Analyst Daniel Ives from Wedbush expects fireworks due to Tesla's stock performance and strategic missteps. Ives maintains an Outperform rating and $300 price target for Tesla, highlighting the importance of Musk's future strategies, including the Model 2's fate and AI initiatives.

Portfolio Pulse from Shanthi Rexaline

April 17, 2024 | 2:43 pm