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WAB

Westinghouse Air Brake (NYSE:WAB) has seen a decrease in short interest, now at 1.43% of float, lower than its peer group average of 6.80%. This indicates a potential increase in bullish sentiment among investors towards WAB, despite the general perception that high short interest can be bearish.

Portfolio Pulse from Benzinga Insights

April 01, 2024 | 1:00 pm

MED

Medifast's (NYSE:MED) short interest has increased to 28.57% of its float, indicating a rise in bearish sentiment among investors. With 2.05 million shares sold short and a 3.98-day average to cover, Medifast's short interest surpasses its peer group average of 5.38%. This rise in short interest can act as a market sentiment indicator, though it doesn't necessarily predict a near-term price drop.

Portfolio Pulse from Benzinga Insights

April 01, 2024 | 1:00 pm

BABA

GDX

JD

LI

NIO

China's March manufacturing activity surged to a 13-month high, with the Caixin China General Manufacturing PMI reaching 51.1, indicating expansion. This growth spurred rallies in Chinese company shares and metal commodities. However, concerns were raised about potential deflationary pressures and trade tensions due to increased production aimed at global markets. Chinese stocks listed in New York and the VanEck Gold Miners ETF saw premarket gains, while gold and copper prices also rose.

Portfolio Pulse from Piero Cingari

April 01, 2024 | 12:58 pm

PLUR

Trading for PLUR was halted and then resumed at 8:55 AM ET, following an update on quotation resumption times.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 12:55 pm

OPTX

Syntec Optics (NASDAQ:OPTX), a key supplier in scientific and technical instruments, announced receiving new orders for a high-resolution, wide-field-of-view, innovative freeform prism subsystem for defense head-up microdisplays. These orders, scheduled for delivery in 2024, add to existing orders for other microdisplay optics versions. The company has been involved in the development and production of these lightweight freeform prism subsystems for over a decade, aimed at enhancing situational awareness for aviation pilots. The US defense is actively fielding these optical systems, which integrate electronics by OEMs to generate augmented reality overlays on OLED micro-displays.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 12:53 pm

PVH

PVH Corp. (NYSE:PVH), the parent company of Calvin Klein and Tommy Hilfiger, is expected to report Q4 earnings of $3.52 per share, up from $2.38 the previous year, with revenue projected at $2.42 billion. The company declared a quarterly cash dividend of 3.75 cents per share, payable on March 27, 2024. To earn $500 monthly from dividends, an investment of approximately $5,624,400 or around 40,000 shares is needed. PVH shares gained 0.9% to close at $140.61 recently.

Portfolio Pulse from Avi Kapoor

April 01, 2024 | 12:53 pm

CLSK

CleanSpark Inc (NASDAQ:CLSK) reported a 24% increase in bitcoin mined in March, totaling 806, and now holds 5,021 bitcoins. The company sold 3.37 bitcoins at an average price of $58,800 each. Construction of its Dalton acquisition is nearly complete, with 15 megawatts of power expected to be activated soon, potentially increasing its operating hashrate to over 17 EH/s. CEO Zach Bradford stated the company is fully funded for its S21 miner payments and is prepared for aggressive acquisitions post-bitcoin halving. CleanSpark shares were down 9.34% at $19.20.

Portfolio Pulse from Adam Eckert

April 01, 2024 | 12:50 pm

CVCY

CWBC

Central Valley Community Bancorp (CVCY) has completed its merger with Community West Bancshares (CWBC), effective April 1, 2024. The all-stock transaction valued at approximately $143 million results in a combined company with total assets of around $3.5 billion. Community West shareholders received 0.79 shares of Central Valley common stock for each share of Community West common stock. The merged entity assumes the name Community West Bancshares and its NASDAQ ticker symbol (CWBC), expanding its banking centers across California. The merger is part of Central Valley's strategic expansion, marking its sixth acquisition.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 12:49 pm

ELAN

IDXX

Elanco Animal Health Inc (NYSE:ELAN) has settled with activist investor Ancora, avoiding a proxy fight by expanding its board to 14 members, including Ancora's nominees Craig Wallace and Kathy Turner. Ancora, holding about 3% of Elanco's stock, has been pushing for changes including board restructuring and CEO succession planning. The settlement is seen as a positive step in Elanco's corporate governance, with shares rising since the year's start. Wallace and Turner's addition is expected to strengthen Elanco's market position.

Portfolio Pulse from Vandana Singh

April 01, 2024 | 12:45 pm

HD

Truist Securities analyst Scot Ciccarelli has maintained a Buy rating on Home Depot (NYSE:HD) and increased the price target from $386 to $417. This adjustment reflects a positive outlook on the company's stock performance.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 12:44 pm