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ELF

e.l.f. Beauty's (NYSE:ELF) short interest has increased by 22.49% since the last report, with 3.37 million shares sold short, representing 8.66% of its float. This indicates a bearish market sentiment compared to its peers, where the average short interest as a percentage of float is 6.48%. However, an increase in short interest does not necessarily predict a decline in stock price in the near term.

Portfolio Pulse from Benzinga Insights

May 08, 2024 | 2:30 pm

WRK

WestRock's (NYSE:WRK) short interest has decreased by 16.54% since the last report, with 14.59 million shares sold short, representing 6.46% of its float. This decline in short interest could indicate a more bullish sentiment towards WRK compared to its peers, where the average short interest as a percentage of float is 2.93%.

Portfolio Pulse from Benzinga Insights

May 08, 2024 | 2:30 pm

SATS

EchoStar's shares dropped due to disappointing Q1 financial results, indicating a potential concern for investors regarding the company's short-term financial health.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 2:30 pm

MASI

Masimo's stock price has declined following its Q1 earnings report, with the company's Q2 guidance falling below consensus estimates.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 2:29 pm

DINO

HF Sinclair's stock is trading higher following the announcement of mixed Q1 financial results and a new $1 billion stock buyback program.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 2:29 pm

NRG

NRG Energy's shares are experiencing increased trading activity and volatility after the company announced its Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 2:27 pm

ABEV

Ambev's stock price is trading lower following the announcement of their Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 2:26 pm

RDDT

Reddit Inc's shares surged following impressive Q1 sales performance, beating estimates with a 14.82% pre-market rise on Wednesday. JPMorgan analyst Doug Anmuth maintained a Neutral rating but raised the price target from $47 to $57, citing the need for Reddit to demonstrate sustained growth. The company's revenue grew nearly 50% Y/Y to $243 million, with daily active users increasing to 83 million. Anmuth highlighted Reddit's ad stack enhancements and strategic investments as key growth drivers, while also noting the challenges ahead in sustaining this growth.

Portfolio Pulse from Surbhi Jain

May 08, 2024 | 2:26 pm

BR

Broadridge Financial Solutions, Inc. (BR) shares declined following the announcement of disappointing Q3 financial results and future guidance that did not meet expectations.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 2:25 pm

HAIN

Hain Celestial Group, Inc. (NASDAQ:HAIN) shares surged 7% after reporting Q3 earnings that exceeded analyst expectations with an EPS of 13 cents versus the consensus of 7 cents. However, quarterly revenues of $438.358 million missed forecasts by falling 3.7% year over year. The company saw a decline in North America net sales by 6.5% but a slight increase in International net sales by 1.0%. Adjusted EBITDA rose 17.5% year-over-year to $43.8 million. The company revised its FY24 outlook, expecting a 3-4% decline in organic net sales and adjusted EBITDA between $150 million and $155 million, slightly down from the prior view.

Portfolio Pulse from Nabaparna Bhattacharya

May 08, 2024 | 2:24 pm