Streetbeat News

Stock Prices

RITM

Rithm Capital (NYSE:RITM) has seen a decrease in short interest, with the short percent of float falling 13.43% to 1.16% of all shares available for trading. The current short interest stands at 5.58 million shares, requiring approximately 1.66 days for traders to cover their short positions. This decline in short interest could indicate a more bullish sentiment towards RITM compared to its last report. Additionally, RITM's short interest is below its peer group average of 6.05%, suggesting less bearish sentiment among investors compared to its peers.

Portfolio Pulse from Benzinga Insights

February 14, 2024 | 4:00 pm

SPR

Spirit AeroSystems Holdings (NYSE:SPR) has seen a 13.5% increase in short interest since its last report, with 12.31 million shares sold short, representing 10.68% of its float. This is significantly higher than its peer group average of 2.57%. The rise in short interest can indicate bearish market sentiment but can also be bullish under certain conditions.

Portfolio Pulse from Benzinga Insights

February 14, 2024 | 4:00 pm

ANGI

Angi's shares experienced an increase following the announcement of their fourth-quarter earnings per share (EPS) results, which surpassed expectations.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 4:00 pm

SOUN

SoundHound AI (NYSE:SOUN) has seen a 7.5% decrease in its short percent of float since the last report, with 25.15 million shares sold short, representing 13.93% of its available trading shares. This indicates a shift in market sentiment towards the stock, potentially signaling increased bullishness among investors. SoundHound AI's short interest is significantly higher than its peer group average of 6.93%, suggesting more bearish sentiment compared to its peers.

Portfolio Pulse from Benzinga Insights

February 14, 2024 | 4:00 pm

CNVS

Cineverse Corp (NASDAQ:CNVS) stock surged 70.3% to $2.64 after announcing cineSearch, an AI-powered movie search platform set for a Spring 2024 beta launch. Utilizing Google Cloud's Vertex AI Search and PaLM 2 Large Language Model, cineSearch aims to revolutionize film and TV show discovery with personalized recommendations and a unified search engine.

Portfolio Pulse from Henry Khederian

February 14, 2024 | 3:59 pm

CNVS

Cineverse shares are trading higher following the announcement of a partnership with Google Cloud to launch a conversational AI-powered search & discovery tool for film and television content. This collaboration aims to enhance content discovery for users by leveraging advanced AI technologies.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 3:56 pm

BTCUSD

SPY

USO

The S&P 500 index pulled back from the 5,000 mark after showing opening strength, while Bitcoin surpassed a $1 trillion market cap. Crude futures experienced a decline following an increase in crude inventories.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 3:54 pm

S

SentinelOne's stock price increased following an upgrade from B of A Securities, changing its rating from Neutral to Buy and raising the price target from $26.5 to $35.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 3:49 pm

AVNT

Avient's stock price increased following the announcement of their Q4 financial results, which exceeded expectations. Additionally, the company provided Q1 adjusted EPS guidance that surpassed analyst estimates.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 3:47 pm

LPX

Louisiana-Pacific Corp (NYSE:LPX) reported a Q4 fiscal 2023 net sales decline of 6.7% Y/Y to $658 million, surpassing consensus estimates. Adjusted EPS rose to $0.71 from $0.61 YoY, beating expectations. Adjusted EBITDA increased by 29% Y/Y to $129 million. The company saw a gross margin expansion to 24.2% and an operating margin expansion to 13.5%. Cash and equivalents stood at $222 million, with total liquidity around $770 million. LPX anticipates Siding Net sales growth of 3%-5% YoY in Q1 2024 and 8%-10% YoY growth for 2024, with Adjusted EBITDA projections of $495 million to $525 million.

Portfolio Pulse from Akanksha Bakshi

February 14, 2024 | 3:44 pm