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TDOC

Teladoc Health (NYSE:TDOC) has seen a 16.61% increase in its short percent of float since the last report, with 20.88 million shares sold short, representing 16.08% of available shares. This indicates a bearish market sentiment, although it's not a definitive predictor of stock price movement. Teladoc's short interest is significantly higher than its peer group average of 5.44%, suggesting more bearish sentiment towards TDOC compared to its peers.

Portfolio Pulse from Benzinga Insights

April 24, 2024 | 4:15 pm

VICI

VICI Props (NYSE:VICI) has seen a decrease in short interest, with the short percent of float falling 5.08% to 2.24% of all shares available for trading. The current short interest stands at 20.02 million shares, requiring approximately 3.85 days for traders to cover their short positions. This decline in short interest may indicate a more bullish sentiment towards VICI Props compared to its peers, where the average short interest as a percentage of float is 5.23%.

Portfolio Pulse from Benzinga Insights

April 24, 2024 | 4:15 pm

BKKT

Bakkt Holdings Inc (NYSE:BKKT) shares plummeted to a new all-time low of $0.33, down 16.3%, following the announcement of a 1-for-25 reverse stock split effective at the close of trading on April 26. The adjusted Class A Common Stock will begin trading on April 29. Despite the decline, BKKT and its Public Warrants will remain listed on the NYSE under the symbols 'BKKT' and 'BKKT WS'. Over the past year, BKKT shares have fallen by 74.87%, with a significant drop of 24.71% over the past month. The stock's all-time high was $42.52, and it currently has a Relative Strength Index of 20.82, indicating oversold conditions.

Portfolio Pulse from Henry Khederian

April 24, 2024 | 4:13 pm

BIIB

Biogen Inc (NASDAQ:BIIB) reported Q1 adjusted EPS of $3.67, beating consensus but with a 7% year-over-year sales decline to $2.29 billion, missing expectations. Multiple sclerosis and rare disease revenues fell, while Leqembi (Alzheimer's drug) sales showed significant growth. The company reaffirmed its fiscal 2024 EPS guidance and expects a low to mid-single-digit percentage decline in total revenue. Shares rose 4.47% following the report.

Portfolio Pulse from Vandana Singh

April 24, 2024 | 4:12 pm

EH

EHang Holdings Ltd. (NASDAQ:EH) plans to raise up to $100 million through a public offering of its ADS, aiming to fund the mass production of its self-flying aircraft. This move comes as the company progresses towards commercialization, having received necessary regulatory certificates in China. Despite facing a short-selling attack by Hindenburg Research, EHang's revenue surged 165% last year, and it is projected to significantly grow in the coming years, with profitability expected by 2025.

Portfolio Pulse from The Bamboo Works

April 24, 2024 | 4:08 pm

OC

Owens Corning Inc (NYSE:OC) reported a slight decline in Q1 fiscal 2024 net sales to $2.3 billion, narrowly beating consensus estimates. Despite a sales drop, the company saw a significant increase in adjusted EPS to $3.59 from $2.80 a year ago, surpassing expectations. Adjusted EBIT and EBITDA also rose, with margins expanding significantly. The company highlighted its margin expansion and enhanced product lineup as key drivers of its performance. Owens Corning also reported positive operating cash flow, continued share repurchases, and dividend payments. Looking ahead, it expects Q2 net sales to align with the previous year and maintains a focus on innovation with 13 new or enhanced products introduced.

Portfolio Pulse from Akanksha Bakshi

April 24, 2024 | 4:06 pm

MULN

Mullen Automotive, Inc. (NASDAQ:MULN) shares are trading higher after announcing the completion of the first phase of battery line integration at its high energy facility. The company targets the production line start for early 2025, expecting to hire over 200 people. CEO David Michery highlighted the plant's role in strengthening the supply chain and supporting American-made battery components. Mullen also announced the production of its 500th commercial electric vehicle and plans for expansion into Europe and the U.S. Nearly 10 million shares have been traded, with a 25.04% short interest. MULN shares are up 44% at $3.93.

Portfolio Pulse from Erica Kollmann

April 24, 2024 | 4:05 pm

PEP

PepsiCo shares are trading higher, reversing a previous fall that occurred on Tuesday following the announcement of Q1 earnings.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 4:04 pm

OTIS

Otis Worldwide Corp (NYSE:OTIS) reported a 2.7% Y/Y sales growth for Q1 fiscal 2024, missing consensus estimates. Adjusted operating profit and EPS exceeded previous figures, with notable performance in service sales and maintenance portfolio units. Despite this, OTIS shares fell by 4.47%. The company raised its EPS outlook and quarterly dividend by 14.7%, planning to increase its share repurchase target to $1 billion.

Portfolio Pulse from Akanksha Bakshi

April 24, 2024 | 4:03 pm

IMAX

IMAX Corporation (NYSE:IMAX) and CineNOVA have announced a partnership to install four new IMAX with Laser systems in Turkey, marking the first introduction of this technology in the country. The installations are set to begin in 2024, with the aim to enhance the Turkish cinema experience and expand IMAX's footprint in a market where it has seen significant box office success. This deal represents a 50% increase in IMAX's presence in Turkey, highlighting the country's growing importance in IMAX's global strategy.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 4:01 pm