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RGP

Resources Connection, Inc. (RGP) has announced the appointment of Bhadresh Patel as its new Chief Operating Officer (COO). This strategic move aims to strengthen the company's operational capabilities and drive future growth.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 8:06 pm

SPWH

Sportsman's Warehouse (NASDAQ:SPWH) reported Q4 losses of $(0.20) per share, beating the $(0.30) estimate, but missed sales estimates with $370.39M against the expected $372.62M. This represents a significant decrease in earnings and a slight decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 8:06 pm

GOOG

GOOGL

Alphabet's stock is experiencing an uptick after reports emerged that the company is contemplating the introduction of fees for its AI-powered search services. This move could potentially open up new revenue streams for Alphabet, enhancing its financial outlook and appealing to investors looking for growth in AI technology applications.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 8:04 pm

COF

Over the past 15 years, Capital One Financial (NYSE:COF) has outperformed the market with an annualized return of 15.07%, turning a $100 investment into $1,038.20. The company currently has a market capitalization of $54.54 billion.

Portfolio Pulse from Benzinga Insights

April 03, 2024 | 8:01 pm

MSTR

Over the past 10 years, MicroStrategy (NASDAQ:MSTR) has significantly outperformed the market, with an annualized return of 31.42%, turning a $1000 investment into $14,779.19 today. The company's market capitalization currently stands at $26.81 billion.

Portfolio Pulse from Benzinga Insights

April 03, 2024 | 8:01 pm

AAOI

Applied Optoelectronics (NYSE:AAOI) has seen a decrease in short interest, with the short percent of float falling 3.18% to 24.03%. This indicates fewer shares are being shorted compared to the last report. The company's short interest is significantly higher than its peer group average of 7.73%. Short interest is a key indicator of market sentiment, and a decrease suggests investors may be becoming more bullish on AAOI.

Portfolio Pulse from Benzinga Insights

April 03, 2024 | 8:00 pm

EXP

Eagle Materials (NYSE:EXP) has seen a 30.31% increase in its short percent of float since the last report, with 993 thousand shares sold short, representing 3.31% of available shares. This indicates a bearish market sentiment, although it doesn't necessarily predict a price drop. Eagle Materials has a higher short interest than its peer group average of 1.54%, suggesting more bearish sentiment compared to its peers.

Portfolio Pulse from Benzinga Insights

April 03, 2024 | 8:00 pm

ROK

Rockwell Automation (NYSE:ROK) has seen a 10.05% increase in its short percent of float since the last report, with 2.21 million shares sold short, representing 2.19% of available shares. This indicates a bearish market sentiment, although it's below the peer group average of 11.03%. The article suggests that an increase in short interest doesn't necessarily predict a stock price fall.

Portfolio Pulse from Benzinga Insights

April 03, 2024 | 8:00 pm

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VRNOF

Following the Florida Supreme Court's decision to allow a constitutional amendment for legalizing recreational marijuana on the November 2024 ballot, cannabis companies, including Trulieve, have collectively contributed over $15 million in support. Trulieve had previously donated $40 million. The amendment, known as Amendment 3, aims to legalize non-medical personal use of marijuana for adults 21 or older and requires a 60% voter approval. Companies like Verano Holdings, Curaleaf Holdings, AYR Wellness, Cresco Labs, Green Thumb Industries, and INSA, Inc. are among the new donors. The funding announcement coincides with the upcoming Benzinga Cannabis Capital Conference in Florida.

Portfolio Pulse from Maureen Meehan

April 03, 2024 | 7:56 pm

EAF

Nilesh Undavia and the Undavia Group, holding approximately 5.9% of GrafTech International Ltd. (NYSE:EAF) shares, have issued a letter urging shareholders to vote for Undavia's election to the board at the upcoming Annual Meeting on May 9, 2024. The letter criticizes the current board for poor decision-making, including the appointment of the former CFO as CEO, environmental risk mismanagement, and excessive director compensation despite significant shareholder value destruction. Shares have dropped 90% since the IPO, and bonds trade at 64 cents on the dollar. Undavia aims to add an independent, large shareholder perspective to the board to revive GrafTech's market leadership.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 7:54 pm