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PBI

Pitney Bowes Inc. (NYSE:PBI) announced a CFO transition with John Witek appointed as interim CFO effective March 19, 2024, following Ana Maria Chadwick's departure. Witek, previously Head of Global Business Services and CFO of SendTech, is recognized for his expertise in optimizing cost and realizing efficiencies. The company has initiated a search for a permanent CFO replacement with Crist Kolder Associates. Witek's appointment is expected to support Pitney Bowes' strategic initiatives and provide stability.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 1:03 pm

AXSM

Axsome Therapeutics (NASDAQ:AXSM) has received mixed analyst ratings, with a recent upward trend in 12-month price targets, now averaging $123.46. The company, a clinical-stage biopharmaceutical focused on CNS disorders, has shown significant revenue growth of 193.5% as of December 31, 2023, but struggles with profitability and debt management. Analysts' actions and price target adjustments reflect their reactions to market conditions and company performance.

Portfolio Pulse from Benzinga Insights

March 19, 2024 | 1:01 pm

RITM

Rithm Capital (NYSE:RITM) has seen a 49.14% increase in short interest since its last report, with 8.31 million shares sold short, representing 1.73% of its float. This indicates a bearish market sentiment, although it has less short interest compared to its peers' average of 6.94%. The rise in short interest doesn't necessarily predict a price drop, but it's an important indicator for investors.

Portfolio Pulse from Benzinga Insights

March 19, 2024 | 1:00 pm

TMHC

Taylor Morrison Home (NYSE:TMHC) has seen a 16.31% increase in its short percent of float since the last report, with 2.08 million shares sold short, representing 2.71% of its available shares for trading. This indicates a bearish market sentiment, although it has less short interest compared to its peers' average of 5.74%. The article suggests that an increase in short interest can sometimes be bullish for a stock.

Portfolio Pulse from Benzinga Insights

March 19, 2024 | 1:00 pm

NXT

NEXTracker (NYSE:NXT) has seen a 16.53% decrease in short interest, now at 4.87 million shares or 3.94% of float, indicating a potential shift in market sentiment towards the stock. Compared to its peers' average short interest of 9.35%, NXT has significantly less short interest, suggesting a more bullish outlook among investors.

Portfolio Pulse from Benzinga Insights

March 19, 2024 | 1:00 pm

BAC

Bank of America (NYSE:BAC) has received mixed analyst ratings over the past quarter, with a shift towards more bullish sentiments in the last 30 days. The average 12-month price target for BAC has been raised to $41.49, indicating a slight optimism among analysts. Despite this, BAC faces financial challenges, including a -10.49% decline in revenue growth and below-average profitability metrics. The company's market capitalization remains strong, but its financial health indicators suggest potential difficulties ahead.

Portfolio Pulse from Benzinga Insights

March 19, 2024 | 1:00 pm

DIS

George Lucas expresses strong support for Bob Iger's leadership at Disney, highlighting Iger's track record of driving long-term value. Lucas has voted all his shares for Disney's 12 directors and encourages other shareholders to follow suit.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 12:58 pm

CERS

CRNX

HOTH

Cerus Corporation (CERS) announced its ReCePI Phase 3 trial of INTERCEPT Blood System met its primary efficacy endpoint, with no significant difference in safety endpoints. Crinetics Pharmaceuticals (CRNX) shares rose after its Phase 3 trial of paltusotine in acromegaly met primary and all secondary endpoints. Hoth Therapeutics (HOTH) reported HT-ALZ as a promising solution for Alzheimer's disease-related neuroinflammation and cognitive deficits.

Portfolio Pulse from ryanfaloona@benzinga.com

March 19, 2024 | 12:41 pm

PPSI

Pioneer Power Solutions, Inc. (NASDAQ:PPSI) has launched HOMe-Boost, a new residential power generation and EV charging platform. HOMe-Boost offers homeowners reliable prime power with fast Level 2 or Level 3 EV charging options. It allows for flexibility between using the prime generator or the grid, with an easy installation process. The product comes in two versions, L2 and L3, catering to different power needs and providing an off-grid option during extreme weather or natural disasters. Pioneer markets HOMe-Boost through select electrical distributors and generator dealers.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 12:37 pm

ACN

FUSN

MMM

NKE

NVDA

SBUX

TFC

XOM

Top Wall Street analysts have updated their price targets and ratings for several US-listed companies, including Starbucks, Kroger, Micron Technology, Fusion Pharmaceuticals, Truist Financial, NIKE, 3M Company, Accenture, NVIDIA, and Exxon Mobil. The changes include both upgrades and downgrades, with adjustments to price targets reflecting analysts' latest views on these stocks.

Portfolio Pulse from Avi Kapoor

March 19, 2024 | 12:34 pm