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DJT

Trump Media & Technology Group Corp (NASDAQ:DJT) has replaced its auditors, dismissing BF Borgers CPA PC and appointing Semple, Marchal & Cooper, LLP, following SEC fraud allegations against BF Borgers and its owner. The SEC charged the firm with failures to comply with PCAOB standards, leading to a $12 million penalty for BF Borgers and a $2 million penalty for its owner. Trump Media CEO Devin Nunes has also raised concerns about potential stock manipulation and anomalous trading, specifically mentioning suspected short-selling activities in DJT shares. DJT shares saw a 3.83% increase to $49.76.

Portfolio Pulse from Shivani Kumaresan

May 06, 2024 | 4:59 pm

SPY

Richmond Fed President Barkin expressed disappointment with this year's inflation data, indicating the job of controlling inflation is not complete. He remains confident that the current restrictive interest rates can reduce demand to meet inflation targets. Barkin does not foresee the economy overheating but assures the Fed is prepared to respond if necessary. He also mentioned experiencing 'data whiplash,' underscoring the importance of the Fed's deliberate approach.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 4:48 pm

PCAR

PACCAR Inc. (NYSE:PCAR) has seen a 13.64% increase in its short percent of float since the last report, with 7.91 million shares sold short, representing 1.75% of its available shares for trading. It would take about 3.86 days for traders to cover their short positions based on current trading volume. This rise in short interest indicates a more bearish market sentiment towards PCAR, although it has less short interest compared to its peers, with the peer group average at 4.73%.

Portfolio Pulse from Benzinga Insights

May 06, 2024 | 4:45 pm

BLD

TopBuild (NYSE:BLD) has seen an 8.43% increase in short interest since its last report, with 571 thousand shares sold short, representing 1.8% of its float. The current short interest suggests it would take 2.58 days on average for traders to cover their positions. Despite the increase, TopBuild's short interest is below its peer group average of 6.25%. The rise in short interest can indicate bearish market sentiment but isn't necessarily a predictor of a price drop.

Portfolio Pulse from Benzinga Insights

May 06, 2024 | 4:45 pm

EQT

EQT Corporation's (NYSE:EQT) short interest has increased by 20.32% since the last report, with 25.22 million shares sold short, representing 7.46% of its float. This indicates a bearish market sentiment, although it's higher than its peer group average of 7.02%. The coverage time for these short positions is approximately 3.71 days based on current trading volumes.

Portfolio Pulse from Benzinga Insights

May 06, 2024 | 4:45 pm

AMR

Alpha Metallurgical Resources shares dropped following the announcement of disappointing Q1 GAAP EPS results.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 4:44 pm

FMCX

HR

KKR

LBO

KKR & Co. Inc. (NYSE:KKR) and Healthcare Realty Trust Incorporated (NYSE:HR) have announced a strategic joint venture to own and invest in medical outpatient buildings, with KKR making an 80% equity contribution and committing up to $600 million to potentially increase the JV's value to over $1 billion. Additionally, KKR has signed agreements to acquire Healthium Medtech Ltd. from an affiliate of Apax Partners LLP. KKR's shares rose 2.82%, and HR's shares increased by 1.31%.

Portfolio Pulse from Lekha Gupta

May 06, 2024 | 4:40 pm

BOWL

GME

MULN

WKHS

In Monday's intraday session, several consumer discretionary stocks experienced significant movements. Mullen Automotive (MULN) led the gainers with a 41.9% increase, while GameStop (GME) headed the losers with a 15.6% decline. Other notable movers included Workhorse Group (WKHS), Dogness (DOGZ), and Bowlero (BOWL), with movements attributed to market dynamics and specific company news such as Bowlero's Q3 earnings report.

Portfolio Pulse from Benzinga Insights

May 06, 2024 | 4:31 pm

IART

LYRA

NRXP

Health care stocks experienced significant movements in Monday's intraday session, with NRX Pharmaceuticals, TC BioPharm, Outset Medical, Nanoviricides, Chemomab Therapeutics, and Titan Pharma among the gainers. Conversely, Lyra Therapeutics, GlycoMimetics, EyePoint Pharmaceuticals, Acutus Medical, Integra Lifesciences, and Helius Medical Technologies were notable losers. The movements were attributed to various factors, including earnings reports for some companies.

Portfolio Pulse from Benzinga Insights

May 06, 2024 | 4:31 pm

GS

Benzinga's options scanner revealed significant bullish activity in Goldman Sachs Gr (NYSE:GS) options, with a notable split between bullish (61%) and bearish (33%) sentiments among big-money traders. The activity suggests expectations for GS's stock price to reach between $390.0 and $640.0 in the next three months. Recent trades include both puts and calls with varying sentiments and strike prices. Goldman Sachs, a major investment bank, has seen its stock price increase by 0.85% to $441.88, with analysts providing mixed ratings and target prices ranging from $360 to $479.

Portfolio Pulse from Benzinga Insights

May 06, 2024 | 4:31 pm