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MMM

3M's (NYSE:MMM) short interest has decreased by 8.33%, now standing at 6.08 million shares or 1.1% of its float. This reduction in short interest, which now takes traders approximately 1.51 days to cover, could indicate a more bullish sentiment towards the stock. Compared to its peers, 3M has a lower short interest percentage of float (1.99%), suggesting it is performing well against similar companies.

Portfolio Pulse from Benzinga Insights

March 26, 2024 | 2:15 pm

NKE

Nike's (NYSE:NKE) short interest has increased by 12.06% since the last report, with 15.53 million shares sold short, representing 1.58% of its float. This indicates a bearish market sentiment towards Nike, although it has less short interest compared to its peers' average of 10.22%. The rise in short interest doesn't necessarily predict a near-term price fall but suggests increased bearishness among traders.

Portfolio Pulse from Benzinga Insights

March 26, 2024 | 2:15 pm

CTEX

HD

NBCT

NOVA

Sunnova Energy International Inc. (NOVA) shares rose after being named the exclusive national solar and battery storage services provider for The Home Depot, Inc. (HD). This partnership allows Sunnova to offer its services in over 2,000 Home Depot stores across the U.S. and its territories. Despite recent quarterly losses exceeding analyst expectations, the announcement has positively impacted NOVA's stock price, which increased by 13.3%. Investors can also gain exposure to NOVA through ProShares S&P Kensho Cleantech ETF (CTEX) and Neuberger Berman ETF Trust Neuberger Berman Carbon Transition Infrastructure ETF (NBCT).

Portfolio Pulse from Lekha Gupta

March 26, 2024 | 2:13 pm

BOKF

V

BOK Financial Corp is expected to participate in the share exchange offer recently announced by Visa Inc, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 2:12 pm

IBACU

Trading for the IPO security IBACU was halted but has now resumed as of 10:10 AM ET.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 2:10 pm

APCX

CISS

NBSE

OPGN

QH

STOK

U.S. stocks traded higher with the Nasdaq gaining over 50 points. Consumer discretionary shares rose by 0.7%, while energy shares fell by 0.2%. U.S. durable goods orders increased by 1.4% in February. Stocks like Stoke Therapeutics, C3is Inc., and OpGen saw significant gains, whereas NeuBase Therapeutics, Quhuo Limited, and AppTech Payments Corp experienced sharp declines.

Portfolio Pulse from Avi Kapoor

March 26, 2024 | 2:09 pm

QH

Quhuo shares were halted due to a circuit breaker being triggered as the stock plummeted by 46.5%. This significant drop in share price indicates a substantial negative market reaction.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 2:08 pm

PENN

PENN Entertainment's stock is trading higher following Mizuho's initiation of coverage with a Buy rating and a $29 price target.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 2:04 pm

DELL

Dell Technologies' stock price increased following the company's announcement of workforce reduction last year.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 2:04 pm

MOV

Movado Group Inc. (NYSE:MOV) shares fell after reporting Q4 earnings that beat expectations but provided a weaker FY25 EPS outlook than consensus. Despite beating Q4 earnings and revenue forecasts, the company's adjusted operating income declined year-over-year, and its FY25 EPS guidance of $1.20-$1.30 is significantly below the consensus of $2.06. Movado also announced a dividend payment and share repurchase progress, expecting flat net sales for the first half of FY25.

Portfolio Pulse from Nabaparna Bhattacharya

March 26, 2024 | 2:02 pm