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Stock Prices

MBLY

Mobileye Global (NYSE:MBLY) has seen a 17.98% increase in short interest, with 21.88 million shares sold short, representing 32.68% of its float. This indicates a bearish market sentiment, although it's not a direct predictor of stock performance. Mobileye's short interest is significantly higher than its peer group average of 6.16%, suggesting more bearish sentiment compared to its peers.

Portfolio Pulse from Benzinga Insights

April 29, 2024 | 4:30 pm

CJJD

China Jo-Jo Drugstores Inc (NASDAQ:CJJD) shares fell 24% to $2.21 after announcing a $1.53 million registered direct offering of 0.9 million shares at $1.70 each. The offering aims to raise funds for general corporate needs and working capital. The stock has seen a significant decline over the past year, with a 87.15% decrease, and currently has a Relative Strength Index of 38.72, indicating neutral market conditions.

Portfolio Pulse from Henry Khederian

April 29, 2024 | 4:29 pm

AAPL

BIDU

TSLA

Tesla's stock jumps $20 on China's in-principle approval of Full Self Driving, partnering with Baidu, lifting both TSLA and AAPL stocks. Apple's risk in China is reduced, but faces increased regulatory pressure in Europe. Japan's forex intervention boosts market sentiment. Early trade money flows are positive for AAPL, AMZN, TSLA; neutral for MSFT, NVDA; negative for GOOG, META; mixed for SPY, QQQ. Gold, oil, and bitcoin markets are also discussed, with investment strategies suggested.

Portfolio Pulse from The Arora Report

April 29, 2024 | 4:28 pm

DOUG

Douglas Elliman's stock price increased following the announcement of a settlement agreement to resolve brokerage commission litigation.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 4:20 pm

BTCUSD

Jim Bianco of Bianco Research highlights the risks of spot Bitcoin ETFs, noting they are mostly held by retail investors and hedge funds, not institutional investors. Investment advisors hold less than 1% of these ETFs, contrary to expectations. Bianco warns of potential selling pressure if Bitcoin's price falls below the average purchase price of $58,000. Bloomberg's Eric Balchunas counters, suggesting it's too early to judge the ETFs' long-term prospects, with institutional interest potentially growing.

Portfolio Pulse from Ivan Crnogatić

April 29, 2024 | 4:18 pm

DCPH

Deciphera Pharmaceuticals Inc (NASDAQ:DCPH) stock soared after ONO Pharmaceutical announced its acquisition of Deciphera for $25.60 per share in cash, totaling $2.4 billion. This acquisition highlights Deciphera's specialized kinase drug discovery, commercial platforms in the US and Europe, and a pipeline of cancer drugs including QINLOCK. The purchase price is a 74.7% premium over Deciphera's closing share price on April 26, 2024.

Portfolio Pulse from Vandana Singh

April 29, 2024 | 4:17 pm

AMD

NVDA

AMD is set to report Q1 earnings with expectations of 61 cents EPS and $5.5 billion in revenues. Despite a year of significant growth, driven by AI applications, AMD's stock shows a bearish trend in technical analysis but hints at a potential reversal. Challenges in the PC market and competition from Nvidia may impact performance, but AMD's focus on AI and technological innovations like the MI300 AI accelerator and Zen 4 architecture could fuel future growth. The upcoming earnings report could be pivotal for AMD's stock direction.

Portfolio Pulse from Surbhi Jain

April 29, 2024 | 4:09 pm

SSKN

Strata Skin Sciences announced a 1-for-10 reverse stock split, leading to its shares trading lower.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 4:06 pm

CLVR

DCPH

DPZ

PHG

SOFI

Domino's Pizza Inc reported better-than-expected Q1 earnings with a 6% sales growth and EPS of $3.58. Deciphera Pharmaceuticals shares surged 72% after an acquisition announcement by ONO Pharmaceutical. Collective Audience shares doubled following a strategic partnership with Insticator. Philips gained 29% after settling litigation and posting strong earnings. Conversely, Clever Leaves announced a voluntary Nasdaq delisting, causing shares to drop 62%. Addex Therapeutics and SoFi Technologies also saw significant declines after disappointing news. Oil prices fell by 1.2%, while gold and silver saw slight increases.

Portfolio Pulse from Avi Kapoor

April 29, 2024 | 4:03 pm

SSKN

STRATA Skin Sciences, Inc. (SSKN) announced a 1-for-10 reverse stock split effective June 6, 2024, with trading on a split-adjusted basis starting June 7, 2024. This move aims to comply with Nasdaq's minimum bid price requirement. Shareholders had approved a reverse split ratio range between 1-for-5 and 1-for-25 on October 26, 2023. The reverse stock split will proportionately adjust outstanding equity-based awards and other equity rights, with no fractional shares issued. Stockholders will receive cash for any fractional shares based on the pre-split closing price. The reverse stock split affects all stockholders uniformly without altering their percentage interest in the company.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 4:02 pm