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ABEO

The FDA issued a Complete Response Letter (CRL) to Abeona Therapeutics Inc (NASDAQ:ABEO) for its Biologics License Application (BLA) for prademagene zamikeracel (pz-cel), a treatment for recessive dystrophic epidermolysis bullosa (RDEB). The CRL cited the need for additional Chemistry Manufacturing and Controls (CMC) information but did not identify deficiencies in clinical efficacy or safety. ABEO shares dropped 45.10% to $4.04 following the announcement.

Portfolio Pulse from Vandana Singh

April 23, 2024 | 1:43 pm

FIVE

JP Morgan analyst Matthew Boss downgrades Five Below (NASDAQ:FIVE) from Overweight to Neutral and lowers the price target from $215 to $170.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 1:39 pm

SHW

Sherwin-Williams Company (NYSE:SHW) shares dropped after reporting Q1 results below Wall Street expectations. The company's adjusted EPS was $2.17, missing the forecast of $2.21, and revenue was $5.367 billion, below the expected $5.505 billion. Despite a 1.4% decrease in consolidated net sales and flat sales in stores open more than twelve months, gross profit increased, and the gross margin expanded. Sherwin-Williams returned $728 million to shareholders through dividends and repurchases, and reaffirmed its 2024 EPS guidance of $10.85-$11.35 against an $11.44 estimate. Shares fell 3.2% to $299.37.

Portfolio Pulse from Nabaparna Bhattacharya

April 23, 2024 | 1:39 pm

SMFL

Smart For Life, Inc. shares resumed trading and experienced a decline. This movement follows a temporary halt in trading activities.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 1:37 pm

ASAI

JP Morgan analyst Joseph Giordano upgraded Sendas Distribuidora (NYSE:ASAI) from Neutral to Overweight and increased the price target from $15 to $17.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 1:34 pm

BTCUSD

ETHUSD

Bitcoin surpassed the $66,000 mark, while Ethereum traded below $3,200. Akash Network and Core were among the top gainers, with Akash Network leading with a 49.6% increase. The global crypto market cap rose to $2.43 trillion, marking a 0.2% gain. Ethena was the biggest loser, with a 7.6% drop.

Portfolio Pulse from Avi Kapoor

April 23, 2024 | 1:33 pm

CWH

Camping World Holdings (NYSE:CWH) has seen a decrease in short interest, with the short percent of float falling 6.96% to 20.04% of all shares available for trading. The current volume suggests it would take about 8.33 days to cover all short positions. This change in short interest could indicate a shift in market sentiment towards the stock. Compared to its peers, CWH has a higher short interest, suggesting more bearish sentiment among investors relative to similar companies.

Portfolio Pulse from Benzinga Insights

April 23, 2024 | 1:30 pm

AFRM

Affirm Holdings' shares have rebounded from their lows following the news of their 'Buy Now, Pay Later' service, initially reported in 2022. This development highlights the growing interest and potential in the 'Buy Now, Pay Later' sector.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 1:30 pm

PRSO

Peraso (NYSE:PRSO) has seen a significant decrease in short interest, with a 47.16% drop to 132 thousand shares, representing 5.86% of its float. This reduction suggests a shift in market sentiment towards the stock, potentially indicating a more bullish outlook among investors. Compared to its peers, Peraso has a lower short interest percentage, with the average for its peer group being 8.50%.

Portfolio Pulse from Benzinga Insights

April 23, 2024 | 1:30 pm

AWIN

AERWINS Technologies (NYSE:AWIN) has seen a significant increase in short interest, with the short percent of float rising 6766.32% to 65.23% of all shares available for trading. This indicates a bearish market sentiment towards AWIN, although it's not a definitive predictor of stock price movement. The company's short interest is substantially higher than its peer group average of 1.87%.

Portfolio Pulse from Benzinga Insights

April 23, 2024 | 1:30 pm