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GPS

Gap Inc. (NYSE:GPS) has seen a 15.9% increase in its short percent of float since the last report, reaching 17.86% of all shares available for trading. With 34.50 million shares sold short, it would take approximately 2.53 days for traders to cover their short positions. This rise in short interest indicates a more bearish market sentiment towards Gap, although it doesn't necessarily predict a near-term price drop. Compared to its peers, Gap has a higher short interest percentage, suggesting more bearish sentiment than average within its peer group.

Portfolio Pulse from Benzinga Insights

April 04, 2024 | 3:00 pm

WAL

Western Alliance (NYSE:WAL) has seen an 8.02% increase in its short percent of float since the last report, with 5.55 million shares sold short, representing 5.12% of available shares. This places it above its peer group average of 3.89% in short interest as a percentage of float. The rise in short interest signals a more bearish market sentiment towards WAL, though it doesn't necessarily predict a near-term price drop.

Portfolio Pulse from Benzinga Insights

April 04, 2024 | 3:00 pm

CHRD

Chord Energy (NYSE:CHRD) has seen a 33.73% increase in short interest, with 3.21 million shares sold short, representing 10.19% of its float. This indicates a bearish market sentiment, although it's not a definitive predictor of stock price movement. Chord Energy's short interest is higher than its peer group average of 6.50%, suggesting more bearish sentiment compared to its peers.

Portfolio Pulse from Benzinga Insights

April 04, 2024 | 3:00 pm

ETCUSD

Ethereum Classic (CRYPTO: ETC) has seen a price increase of 5.56% in the last 24 hours, reaching $32.55, despite a 1.0% decrease over the past week. Its trading volume rose by 24.0%, and the circulating supply increased to 146.38 million, representing 69.47% of its max supply. Currently, ETC's market cap ranks #27 at $4.78 billion.

Portfolio Pulse from Benzinga Insights

April 04, 2024 | 3:00 pm

CTNM

Contineum Therapeutics, Inc (NASDAQ:CTNM) is set to begin trading on NASDAQ on April 05, with its IPO priced between $16.00 and $18.00 per share. The company, a clinical stage biopharmaceutical firm, focuses on developing therapies for NI&I indications with high unmet need. An insider lock-up period is set for 180 days, ending on October 02, 2024.

Portfolio Pulse from Benzinga Insights

April 04, 2024 | 3:00 pm

MNDR

Mobile-health Network Solutions (MNDR) is set to IPO on NASDAQ on April 5, with shares priced between $4.00 and $5.00. The company, a leading telehealth provider in Singapore, will have a 180-day insider lock-up period ending on October 2, 2024.

Portfolio Pulse from Benzinga Insights

April 04, 2024 | 3:00 pm

F

Ford Motor Co (NYSE:F) is delaying the launch of its new three-row electric vehicles in Oakville, Ontario, to 2027 from 2025, citing the need for further market development and advancements in battery technology. The company is also progressing with its Tennessee Electric Vehicle Center for a next-generation electric truck expected in 2026 and plans to begin tool installation at the Ohio Assembly Plant in spring 2025. Ford aims to offer hybrid powertrains across its entire Ford Blue lineup in North America by the end of the decade. In Q1 of 2024, Ford's electric vehicle sales increased by 86%, and hybrid sales rose by 42% year-over-year. The company is working with Unifor to address the impact of the launch delay on its workforce at Oakville. Ford's shares rose by 1.72% to $13.89.

Portfolio Pulse from Shivani Kumaresan

April 04, 2024 | 2:56 pm

ADCT

ADC Therapeutics' shares are trading higher following the announcement of the completion of dose escalation in the LOTIS-7 Phase 1b clinical trial. This trial evaluates ZYNLONTA in combination with glofitamab or mosunetuzumab for treating heavily pre-treated patients with relapsed/refractory B-cell non-Hodgkin lymphoma.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 2:50 pm

DIS

Nelson Peltz of Trian Fund Management expressed hope in a CNBC interview that Disney's CEO, Bob Iger, can fulfill his promises, stating that if Disney succeeds, Trian Fund Management will not intervene again.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 2:47 pm

MBLY

Mobileye Global's (NYSE:MBLY) short interest has decreased by 6.45% since the last report, with 18.54 million shares sold short, representing 27.7% of its float. This decline in short interest could indicate a more bullish sentiment towards MBLY among investors. The company's short interest is significantly higher than its peer group average of 6.64%, suggesting a mixed market sentiment.

Portfolio Pulse from Benzinga Insights

April 04, 2024 | 2:45 pm