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ALB

Albemarle Corporation's (NYSE:ALB) short interest has increased by 3.5% since the last report, with 14.63 million shares sold short, representing 14.2% of its float. This indicates a bearish market sentiment, although it's not a definitive predictor of stock price movement. The short interest is significantly higher than its peer group average of 3.59%, suggesting Albemarle is facing more skepticism from short sellers compared to its peers.

Portfolio Pulse from Benzinga Insights

April 30, 2024 | 3:15 pm

OVV

Ovintiv (NYSE:OVV) has seen a 5.64% increase in short percent of float since its last report, with 5.02 million shares sold short, representing 2.06% of available shares. This indicates a bearish market sentiment, although it's below the peer group average of 7.06%. The rise in short interest suggests caution but doesn't necessarily predict a price drop.

Portfolio Pulse from Benzinga Insights

April 30, 2024 | 3:15 pm

LVMHF

LVMH has 'strongly' denied reports that it is exploring options for the Marc Jacobs brand, according to Reuters. This denial comes in response to speculation about potential strategic moves for Marc Jacobs.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 3:13 pm

SBAC

SBA Communications shares are trading lower due to worse-than-expected Q1 results.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 3:13 pm

GL

Globe Life shares are trading lower after a short report from Viceroy Research was published.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 3:11 pm

ARCB

ArcBest shares are trading lower due to worse-than-expected Q1 adjusted EPS results.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 3:09 pm

ARCB

ArcBest Corp (NASDAQ:ARCB) reported a 6.30% decline in Q1 fiscal 2024 revenue to $1.036 billion, slightly above consensus. Adjusted EPS fell to $1.34 from $1.58, missing expectations. The quarter included a $21.6 million impairment charge from its investment in Phantom Auto. Operating income rose 6% Y/Y, but margins contracted. Segment-wise, Asset-Based revenue dropped 3.8% and Asset-Light by 9.5%. Adjusted EBITDA decreased by 6.11% Y/Y. Operating cash flow and cash reserves also declined. ARCB announced a $0.12 quarterly dividend. Shares fell 14.5% to $110.74.

Portfolio Pulse from Akanksha Bakshi

April 30, 2024 | 3:08 pm

NXPI

NXP Semiconductors NV (NASDAQ:NXPI) reported higher-than-expected Q1 earnings, leading to a share price increase. Analysts from KeyBanc Capital Markets, Cantor Fitzgerald, Mizuho Securities, Stifel, and Oppenheimer provided insights, highlighting solid results, a stable outlook despite cyclical fears in the Automotive/Industrial sectors, and expectations of gross margin expansion. The company's guidance suggests flat revenue for Q2 but potential growth in the second half of the year, especially in the industrial sector, while automotive might remain a drag.

Portfolio Pulse from Priya Nigam

April 30, 2024 | 3:06 pm

ATI

ATI shares are trading higher following the announcement of their Q1 financial results, which surpassed expectations.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 3:05 pm

TAP

Molson Coors Beverage shares are trading lower despite reporting earnings that exceeded expectations for the first quarter.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 3:05 pm