Streetbeat News

Stock Prices

GLBE

Global E Online (NYSE:GLBE) has seen a 30.49% increase in short interest, now at 8.36 million shares or 8.73% of float, taking 9.49 days to cover. This rise indicates a bearish market sentiment, though it's below its peer group average of 8.97% short interest. Short interest can be a bullish or bearish indicator, depending on market reactions and investor strategies.

Portfolio Pulse from Benzinga Insights

April 22, 2024 | 4:00 pm

AFG

American Financial Group's (NYSE:AFG) short interest has decreased by 12.9%, now representing 1.08% of its float with 767 thousand shares sold short. This decline in short interest suggests a more bullish sentiment among investors towards AFG, contrasting with the peer group average of 1.75% short interest. The coverage time for these short positions is approximately 2.54 trading days.

Portfolio Pulse from Benzinga Insights

April 22, 2024 | 4:00 pm

MFI

Shares of MF International Ltd (MFI) were halted on a circuit breaker due to a significant upside movement. This action is typically taken to prevent excessive volatility and ensure orderly market conditions.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 3:59 pm

SO

Southern Company announced an increase in its quarterly dividend from $0.70 to $0.72 per share, with an annualized rate now at $2.88 per share. This marks the 76th consecutive year of paying dividends equal to or greater than the previous quarter and the 23rd consecutive year of dividend increases. The next dividend is payable on June 6, 2024, to shareholders of record as of May 20, 2024. CEO Christoper C. Womack highlighted the company's commitment to providing value through regular, predictable, and sustainable dividend growth.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 3:49 pm

SIFY

Sify Technologies Ltd (NASDAQ:SIFY) shares dropped after reporting Q4 sales of $116.05 million, missing the consensus of $149.30 million. Revenue growth was 8.8% Y/Y, with mixed performance across segments. Data Center services grew by 13.6%, Digital services fell by 8.7%, and Network services increased by 19.1%. EBITDA rose 11.4% to INR1.82 billion, and profit was INR38 million. The company expanded its infrastructure and workforce, focusing on Data Center presence and network interconnectivity. SIFY shares fell 4.88% to $1.17.

Portfolio Pulse from Anusuya Lahiri

April 22, 2024 | 3:48 pm

SLG

Evercore ISI Group analyst Steve Sakwa has maintained an Underperform rating on SL Green Realty (NYSE:SLG) while raising the price target from $46 to $47.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 3:46 pm

RIVN

Rivian Automotive Inc (NASDAQ:RIVN) shares dropped 1.5% to $8.50 amid a broader EV sector downturn, influenced by Tesla's price cuts in the US, Germany, and China. Rivian's recent workforce reduction by 1%, following a previous cut, targets support and back-office staff. The EV sector's decline is also attributed to Tesla laying off about 10% of its workforce. Wall Street analysts rate Rivian as Neutral, with a significant price fall expected by some. Rivian's stock has fallen 47.63% in the past three months, despite a 98.34% revenue increase over the past year.

Portfolio Pulse from Henry Khederian

April 22, 2024 | 3:33 pm

LCID

LI

TSLA

Lucid Group, Inc. (NASDAQ:LCID) shares fell after Tesla, Inc. (NASDAQ:TSLA) and Li Auto, Inc. (NASDAQ:LI) announced new EV price cuts. Li Auto reduced prices by about 5% on several models, offering refunds to early buyers. Lucid recently shared details about the 2024 Lucid Air Grand Touring, boasting the longest range in the U.S. market. Citigroup gave Lucid a Neutral rating with a $2.90 price target. Lucid's Q1 financial results are expected to show losses of 26 cents per share with $155.986 million in revenue.

Portfolio Pulse from Erica Kollmann

April 22, 2024 | 3:32 pm

ANET

Arista Networks (NYSE:ANET) has seen significant options trading activity, with a bullish sentiment from the majority of investors. Analysis of 11 trades shows a preference for puts over calls, with a total investment of $382,526. Whales are targeting a price range of $165 to $300 for ANET, based on volume and open interest metrics. The company, a provider of networking equipment, counts major firms like Microsoft and Meta Platforms among its customers. Currently, ANET's stock is down by -2.12% at $240.87, with an RSI indicating potential oversold conditions. Analysts have mixed views, with target prices ranging from $210 to $315.

Portfolio Pulse from Benzinga Insights

April 22, 2024 | 3:31 pm

PFE

Financial analysis reveals a bullish sentiment in Pfizer's (NYSE:PFE) options trading, with 66% of trades being bullish. Significant activity includes 18 unusual trades, with a focus on calls over puts, indicating a target price range of $20.0 to $27.0. Pfizer's current market position is strong, with a recent price increase and an upcoming earnings announcement. Analyst ratings from Cantor Fitzgerald suggest a target price of $45, despite a downgrade to Overweight.

Portfolio Pulse from Benzinga Insights

April 22, 2024 | 3:31 pm