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Stock Prices

CHWY

Chewy's (NYSE:CHWY) short interest has increased by 5.82%, with 18.41 million shares sold short, representing 22.53% of its float. This indicates a bearish market sentiment, although it doesn't necessarily predict a price drop. Chewy's short interest is higher than its peer group average of 14.43%, suggesting more bearish sentiment compared to its peers. Short interest is a critical indicator of market sentiment and can influence stock performance.

Portfolio Pulse from Benzinga Insights

February 07, 2024 | 3:45 pm

PFGC

Performance Food Group's shares dropped following its report of lower-than-expected Q2 adjusted EPS results and its Q3 net sales guidance falling short of estimates.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 3:43 pm

ARCB

Stephens & Co. analyst Jack Atkins has maintained an Overweight rating on ArcBest (NASDAQ:ARCB) and increased the price target from $165 to $205.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 3:42 pm

APTV

Aptiv's stock price is trading lower following a downgrade by Morgan Stanley from Equal-Weight to Underweight, with a reduced price target from $90 to $74.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 3:42 pm

JKHY

Jack Henry & Associates shares surged following the announcement of their Q2 financial results, which exceeded expectations. Additionally, the company has updated its FY24 guidance, signaling a positive outlook.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 3:40 pm

SLAB

Silicon Laboratories shares surged following the announcement of their Q4 financial results, which exceeded expectations. The company also provided positive guidance for the future.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 3:39 pm

PLUS

ePlus shares are trading lower following the announcement of their Q3 financial results, which did not meet expectations.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 3:37 pm

ZCAR

Zoomcar Holdings, Inc. (NASDAQ:ZCAR) has announced a strategic partnership with India-based CARS24, aiming to empower Zoomcar hosts with fleet expansion opportunities through exclusive car purchase opportunities and flexible financing options. This collaboration is expected to reduce the cost of acquiring vehicles for hosts, enabling them to expand their small business presence with lower upfront capital investment. Zoomcar, which recently started trading on NASDAQ, anticipates leveraging CARS24's reputation in the pre-owned car market to ensure hosts can access high-quality used cars, potentially saving up to INR 1 lakh (~$1,204.99) with additional benefits on purchases.

Portfolio Pulse from Nabaparna Bhattacharya

February 07, 2024 | 3:35 pm

YUM

Yum! Brands shares are trading higher following the announcement of their Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 3:33 pm

TSLA

Tesla Inc. (NASDAQ:TSLA) is reportedly considering mass layoffs amid a slowdown in sales growth, despite planning for future expansions and significant capital investments. The company's U.S. managers have been asked to categorize team members' roles as critical or non-critical, following the cancellation of some performance reviews. Tesla missed its earnings and revenue forecasts for Q4 2023, leading to a more than 10% drop in shares. However, the company still plans to allocate over $10 billion in capital expenditures and increase its R&D spending to approximately $4.5 billion.

Portfolio Pulse from Piero Cingari

February 07, 2024 | 3:32 pm