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EAST

Eastside Distilling announced a registered direct offering of 442,042 shares at $1.00 per share to a single institutional investor, expected to close by September 6, 2024. Joseph Gunnar & Co., LLC is the exclusive placement agent.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 7:38 pm

NIO

NIO Inc. (NYSE:NIO) is showing bullish momentum as its stock price rallies past previous resistance levels, indicating a potential bottoming out and further upward movement.

Portfolio Pulse from Mark Putrino

September 05, 2024 | 7:36 pm

AILE

iLearningEngines, Inc. (NASDAQ:AILE) has formed a Special Committee of independent directors to investigate allegations from a short-seller report. The committee has engaged Paul Hastings LLP for an independent investigation, despite past clean audit opinions.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 7:34 pm

FCFS

FirstCash Holdings (NYSE:FCFS) has seen a 40.47% increase in its short interest, now at 3.02% of its float. This is below the peer group average of 6.75%. The rise in short interest may indicate bearish sentiment, but it doesn't guarantee a price drop.

Portfolio Pulse from Benzinga Insights

September 05, 2024 | 7:30 pm

ISRG

Intuitive Surgical (NASDAQ:ISRG) has significantly outperformed the market over the past 15 years, with an annualized return of 21.17%. A $100 investment in ISRG 15 years ago would now be worth $1,743.35, highlighting the power of compounded returns.

Portfolio Pulse from Benzinga Insights

September 05, 2024 | 7:30 pm

BA

Boeing's short interest has increased by 11.11%, with 13.56 million shares sold short, representing 2.2% of its float. This is slightly below the peer group average of 2.39%. The rise in short interest suggests a bearish sentiment, but it doesn't necessarily predict a near-term stock decline.

Portfolio Pulse from Benzinga Insights

September 05, 2024 | 7:30 pm

MOD

Modine Manufacturing (NYSE:MOD) has significantly outperformed the market over the past 15 years, with an average annual return of 18.31%. A $1000 investment in MOD 15 years ago would now be worth $12,075.23. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

September 05, 2024 | 7:30 pm

WMS

Advanced Drainage Systems (NYSE:WMS) has seen a 5.82% increase in short interest, now at 2.0% of its float. This is below the peer average of 4.04%. Short interest can indicate market sentiment, with higher short interest suggesting bearish views.

Portfolio Pulse from Benzinga Insights

September 05, 2024 | 7:30 pm

IRM

Iron Mountain's short interest has decreased by 9.96%, with 11.49 million shares sold short, representing 4.7% of its float. This is lower than its peers' average of 5.50%. The decrease in short interest may indicate a more bullish sentiment towards the stock.

Portfolio Pulse from Benzinga Insights

September 05, 2024 | 7:15 pm

BK

Bank of New York Mellon's short interest has increased by 23.08%, with 9.43 million shares sold short, representing 1.28% of its float. This is lower than the peer group average of 3.39%. The rise in short interest may indicate bearish sentiment, but it doesn't guarantee a price drop.

Portfolio Pulse from Benzinga Insights

September 05, 2024 | 7:15 pm