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EVBG

Everbridge, Inc. (NASDAQ:EVBG) shares surged premarket after Thoma Bravo increased its acquisition offer to $35.00 per share, valuing Everbridge at approximately $1.8 billion. This revised offer represents a 62% premium over its 90-day volume-weighted average share price as of February 2, 2024. The transaction is expected to close in Q2 2024, making Everbridge a privately held company. This follows Everbridge's Q4 2023 earnings, where it reported an adjusted EPS of $0.47 and sales of $115.76 million.

Portfolio Pulse from Lekha Gupta

March 01, 2024 | 2:18 pm

CPRT

Copart (NYSE:CPRT) has seen a 17.82% increase in its short percent of float since the last report, with 9.22 million shares sold short, representing 1.19% of available shares. It would take about 2.62 days to cover these short positions based on current trading volume. This rise in short interest could indicate a more bearish market sentiment towards Copart, although it has less short interest compared to its peers' average of 3.49%. The increase in short interest doesn't necessarily predict a price drop but suggests traders are betting more on a decline.

Portfolio Pulse from Benzinga Insights

March 01, 2024 | 2:15 pm

IOVA

Iovance Biotherapeutics (NYSE:IOVA) has seen a decrease in short interest, now at 16.64% of float, down 6.67% from the last report. With 42.98 million shares sold short, it would take about 7.73 days to cover all short positions. This change in short interest could indicate a shift in market sentiment towards IOVA, potentially signaling a more bullish outlook compared to its peers, which have an average short interest of 10.54%.

Portfolio Pulse from Benzinga Insights

March 01, 2024 | 2:15 pm

PXD

Pioneer Natural Resources (NYSE:PXD) has seen an 8.78% increase in short percent of float since its last report, with 6.62 million shares sold short, representing 2.85% of available shares. This indicates a bearish market sentiment, although it's below the peer group average of 6.43% short interest. The rise in short interest doesn't necessarily predict a price drop but suggests increased bearishness among traders.

Portfolio Pulse from Benzinga Insights

March 01, 2024 | 2:15 pm

AAPL

AI

AMD

DELL

MARA

NVDA

SMCI

SNOW

SOUN

TSLA

The top 10 trending stocks on WallStreetBets as of March 1, 2024, include NVDA, SOUN, AMD, DELL, SMCI, AI, SNOW, AAPL, TSLA, and MARA, according to data from Swaggy Stocks.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 2:13 pm

ACU

Acme United (AMEX:ACU) reported Q4 earnings with a -27.0% miss on estimated EPS, recording $0.4 versus the expected $0.55. Revenue also decreased by $2.16 million compared to the same period last year. Despite missing EPS estimates last quarter, ACU's share price increased by 3.0% the following day. The company's past earnings performance shows variability in meeting EPS and revenue estimates.

Portfolio Pulse from Benzinga Insights

March 01, 2024 | 2:10 pm

CC

BMO Capital analyst John McNulty downgraded Chemours (NYSE:CC) from Outperform to Underperform and significantly reduced the price target from $45 to $19, indicating a bearish outlook on the stock.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 2:09 pm

GPS

Gap Inc's Athleta brand has announced a five-year partnership with Olympic swimmer Katie Ledecky, aiming to empower women and girls through the Power of She Collective. Ledecky will advise on Athleta's impact platform and participate in product testing. Gap shares rose 0.32% in premarket trading.

Portfolio Pulse from Shivani Kumaresan

March 01, 2024 | 2:07 pm

LINK

Interlink Electronics has announced a 50% common stock dividend, which will increase its outstanding shares to approximately 9,860,355, based on the shares outstanding as of March 11, 2024.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 2:07 pm

VEON

VEON Ltd. (NASDAQ:VEON) announced the issuance of 92,459,532 ordinary shares to fund its equity incentive-based compensation plans, resulting in a total of 1,849,190,667 issued and outstanding shares. This issuance, representing approximately 4.99% of VEON's authorized shares, aims to align the interests of senior managers and employees with shareholders, supporting long-term growth. The issuance will dilute existing shareholders' stakes, with VEON's largest shareholder, LetterOne, seeing its ownership decrease from 47.85% to 45.46%. Shares are issued at USD 0.001 each.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 2:07 pm