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LGIH

LGI Homes (NYSE:LGIH) has seen a 6.32% increase in its short percent of float since the last report, reaching 13.12% of all shares available for trading. With 2.27 million shares sold short, it would take about 11.97 days for traders to cover their short positions. This rise in short interest indicates a more bearish market sentiment towards LGIH, although it doesn't necessarily predict a near-term price drop. LGIH's short interest is higher than its peer group average of 5.96%.

Portfolio Pulse from Benzinga Insights

April 03, 2024 | 5:30 pm

CTRA

Coterra Energy (NYSE:CTRA) has seen a decrease in short interest, with the short percent of float falling 12.77% to 2.46% of all shares available for trading. This indicates a reduction in bearish sentiment among traders. Compared to its peers, Coterra Energy has a lower short interest percentage, suggesting a more bullish outlook among investors.

Portfolio Pulse from Benzinga Insights

April 03, 2024 | 5:30 pm

AMT

Over the past 20 years, American Tower (NYSE:AMT) has produced an average annual return of 14.76%, outperforming the market by 6.91% annually. A $100 investment in AMT 20 years ago would be worth $1,569.84 today. American Tower currently has a market capitalization of $89.32 billion.

Portfolio Pulse from Benzinga Insights

April 03, 2024 | 5:30 pm

LDOS

Leidos Holdings (NYSE:LDOS) has delivered an average annual return of 13.28% over the past 10 years, outperforming the market by 2.39%. A $100 investment in LDOS a decade ago would now be worth $350.53, showcasing the impact of compounded returns on investment growth. Leidos Holdings currently has a market capitalization of $17.41 billion.

Portfolio Pulse from Benzinga Insights

April 03, 2024 | 5:30 pm

PAYC

Paycom Software (NYSE:PAYC) has seen a 9.16% increase in its short percent of float since the last report, with 2.11 million shares sold short, representing 4.41% of available shares. This indicates a bearish sentiment among investors, although it's below the peer group average of 5.50%. The rise in short interest doesn't necessarily predict a price drop but suggests increased bearish activity.

Portfolio Pulse from Benzinga Insights

April 03, 2024 | 5:30 pm

DWAC

Two Florida men, Michael and Gerald Shvartsman, pleaded guilty to insider trading, making over $22 million from trades related to the public announcement of Trump Media & Technology Group going public via Digital World Acquisition Corp. (DWAC) and Benessere Capital Acquisition Corp. They are set for sentencing in July, with recommended prison time and forfeiture of profits. The case does not implicate Trump or Trump Media & Technology Group.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 5:29 pm

DIS

Trian Group, owning over $3.5 billion in Disney (DIS) stock, expressed disappointment over the failure to elect Nelson Peltz and Jay Rasulo to Disney's Board at the 2024 Annual Meeting. Despite this, Trian highlighted its positive influence on Disney, noting the company's stock rise by 50% and its status as the Dow Jones Industrial Average's top performer year-to-date, following new operating initiatives and capital improvement plans initiated since late 2023.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 5:26 pm

RIVN

TSLA

Tesla Inc (NASDAQ:TSLA) has launched a 0% interest loan program in China to boost sales after experiencing a decline in market share and deliveries. Despite reducing prices, Tesla's strategy faced challenges due to competitors matching price cuts and a decrease in demand in Europe. Tesla's market share in China dropped from 10.5% to 6.7% in 2023. Rivian Automotive, Inc (NASDAQ:RIVN) reported delivering 13,588 EVs in Q1 and aims for 57,000 units in 2024. TSLA shares rose by 0.87% to $168.08.

Portfolio Pulse from Anusuya Lahiri

April 03, 2024 | 5:26 pm

DIS

The Walt Disney Company (NYSE:DIS) announced that its full slate of 12 directors has been elected over the nominees of Trian and Blackwells at Disney's 2024 Annual Meeting of Shareholders. The election results are pending certification, with final tallies to be reported to the SEC. Disney's Board and management express gratitude to shareholders for their support and look forward to focusing on growth, value creation, and creative excellence.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 5:25 pm

EDBL

Edible Garden AG Inc (NASDAQ:EDBL) shares surged 24.2% after announcing a new vertical integration initiative at its Heartland facility in Grand Rapids, Michigan. This move allows the company to transition potted herb production from contract-growers to in-house, aiming to enhance margins. CEO Jim Kras highlighted the initiative's role in improving operating efficiency and advancing towards profitability. Edible Garden specializes in controlled environment agriculture, offering locally grown, organic, and sustainable produce.

Portfolio Pulse from Shivani Kumaresan

April 03, 2024 | 5:18 pm