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BILL

BILL Holdings' shares have experienced a significant increase following unconfirmed rumors of a potential takeover approach, as discussed in an M&A blog. The details of the takeover, including the interested parties, remain speculative at this stage.

Portfolio Pulse from Benzinga Newsdesk

March 22, 2024 | 6:48 pm

SAIA

Saia Inc. (NYSE:SAIA) has seen a 17.4% decrease in short interest since its last report, with 1.34 million shares sold short, representing 7.93% of its float. The current short interest suggests a bullish sentiment as it is higher than its peer group average of 3.12%. The reduction in short interest indicates fewer traders are betting against the stock, which could influence its short-term price movement.

Portfolio Pulse from Benzinga Insights

March 22, 2024 | 6:45 pm

ELS

Equity Lifestyle Props (NYSE:ELS) has seen a 5.43% increase in its short percent of float since the last report, with 4.15 million shares sold short, representing 2.72% of its available trading shares. This indicates a bearish market sentiment, although it's below the peer group average of 2.92%. The rise in short interest doesn't necessarily predict a price drop but suggests increased bearishness among traders.

Portfolio Pulse from Benzinga Insights

March 22, 2024 | 6:45 pm

PENN

PENN Entertainment's (NYSE:PENN) short interest has increased by 19.53% since the last report, with 21.09 million shares sold short, representing 16.28% of its float. This indicates a bearish market sentiment towards PENN, although it's higher than its peer group average of 3.43% short interest. The article suggests that while increased short interest signals bearish sentiment, it can also be bullish under certain conditions.

Portfolio Pulse from Benzinga Insights

March 22, 2024 | 6:45 pm

BCAN

CUTR

MRNO

NVFY

SINT

Cutera, Inc. (NASDAQ:CUTR) shares plummeted over 26% after reporting a Q4 adjusted EPS loss significantly worse than expected, despite beating sales forecasts. Other stocks experienced notable movements, with Murano Global Investments PLC (NASDAQ:MRNO) and Nova LifeStyle, Inc. (NASDAQ:NVFY) leading the gainers, while BYND Cannasoft Enterprises Inc. (NASDAQ:BCAN) and Sintx Technologies, Inc. (NASDAQ:SINT) were among the biggest losers.

Portfolio Pulse from Avi Kapoor

March 22, 2024 | 6:39 pm

CTEX

ICLN

NXT

BMO Capital Markets analyst Ameet Thakkar initiates coverage on Nextracker Inc. (NASDAQ:NXT) with a Market Perform rating and a $69 price target, citing the company's leadership in the solar tracker market and expected doubling of its addressable market by the end of the decade. Despite Nextracker's strong performance and positive outlook, its current valuation premium and recent outperformance have led to a cautious stance. Investors can also gain exposure to Nextracker through IShares Global Clean Energy ETF (NASDAQ:ICLN) and ProShares S&P Kensho Cleantech ETF (NYSE:CTEX).

Portfolio Pulse from Lekha Gupta

March 22, 2024 | 6:35 pm

YOU

CLEAR announced a special cash dividend and an increase in its share repurchase authorization, leading to a rise in its stock price.

Portfolio Pulse from Benzinga Newsdesk

March 22, 2024 | 6:27 pm

DPZ

PZZA

Papa John's CEO Rob Lynch is set to depart on April 30, surprising analysts given his role in the company's recovery. BMO Capital Markets analyst Andrew Strelzik lowered Papa John's (PZZA) price target from $90 to $80, citing leadership changes and competitive pressures. The departure raises questions about the company's future initiatives and performance. Despite near-term challenges, the long-term outlook remains positive, with the company seen as undervalued.

Portfolio Pulse from Shivani Kumaresan

March 22, 2024 | 6:27 pm

LULU

NKE

Nike Inc (NYSE:NKE) and Lululemon Athletica (NASDAQ:LULU) both surpassed their latest earnings expectations, yet their shares fell due to pessimistic near-term outlooks. Nike's sales are expected to drop in the first half of the 2025 fiscal year as it shifts its product portfolio, aiming to compete with newer brands by updating its sneaker styles. Lululemon faces a slowdown in demand, particularly in North America, despite strong holiday sales. Both companies are adjusting their strategies amid a challenging macroeconomic environment.

Portfolio Pulse from Upwallstreet

March 22, 2024 | 6:25 pm

OCGN

Ocugen's stock is trading higher following the Third Circuit Court of Appeals' decision to uphold the dismissal of consolidated securities class action lawsuits against the company.

Portfolio Pulse from Benzinga Newsdesk

March 22, 2024 | 6:20 pm