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Stock Prices

PKX

POSCO shares are trading higher due to a recent gain in steel stocks, influenced by US President Biden's call for increased tariffs on China steel.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 4:21 pm

GENE

Shares of Genetic Technologies were halted due to a circuit breaker after falling 13.3% to the downside, indicating a significant drop in the company's stock price.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 4:19 pm

SNAP

Snap shares are trading higher following recent reports of the TikTok divest-or-ban bill moving on a fast track through Congress.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 4:19 pm

GENE

Shares of Genetic Technologies were halted due to a circuit breaker after falling 13.3%.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 4:19 pm

AAWH

CRLBF

CURLF

GTI

JUSHF

TSNDF

VEXTF

Cannabis industry valuations and multiples for major MSOs have increased Y/O/Y, driven by rescheduling prospects. The EV/NTM EBITDA multiples for 14 MSOs showed an aggregate 39% increase, with notable exceptions like Jushi, TerrAscend, and Ascend experiencing declines. Factors influencing these changes include variations in enterprise value and EBITDA estimates, with a general trend towards valuing EBITDA at higher multiples despite a decrease in EBITDA estimates for some. Companies like Cresco and Ascend, showing modest valuation multiples but increased EBITDA expectations, may warrant further investigation.

Portfolio Pulse from Viridian Capital Advisors

April 18, 2024 | 4:19 pm

COTY

EL

ELF

Shares of cosmetics and personal products companies, including COTY, EL, and ELF, are trading higher following L'Oreal's announcement of Q1 revenue growth.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 4:17 pm

CMC

Commercial Metals (NYSE:CMC) has seen a 27.08% decrease in short interest, now at 2.42 million shares or 2.8% of float, taking 1.91 days on average to cover. This decline in short interest could indicate a more bullish sentiment towards CMC compared to its peers, where the average short interest as a percentage of float is 6.02%.

Portfolio Pulse from Benzinga Insights

April 18, 2024 | 4:15 pm

ORLY

O'Reilly Automotive (NYSE:ORLY) has seen a decrease in short interest, with the short percent of float dropping 12.95% to 1.21% of all shares available for trading. This indicates a potential shift in market sentiment towards the stock, as short interest can reflect investor expectations about a company's future performance. Compared to its peers, O'Reilly Automotive has a significantly lower short interest, suggesting a more bullish outlook among investors relative to similar companies.

Portfolio Pulse from Benzinga Insights

April 18, 2024 | 4:15 pm

VEEV

Veeva Systems (NYSE:VEEV) has seen a decrease in short interest, with 2.39 million shares sold short, representing 1.49% of its float. This is a decline of 3.25% from its last report, indicating a potential shift in market sentiment towards the stock. Compared to its peers, Veeva has a lower short interest percentage of 1.49% versus the peer group average of 6.08%, suggesting less bearish sentiment among investors towards VEEV.

Portfolio Pulse from Benzinga Insights

April 18, 2024 | 4:15 pm

UAL

United Airlines shares are trading higher following price target upgrades from multiple analysts.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 4:13 pm