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RTO

Rentokil Initial's stock is trading lower following a downgrade by B of A Securities from Buy to Neutral, with a reduced price target from $40 to $29.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 5:23 pm

BA

SPR

Spirit Aerosystems Holdings, Inc. (NYSE:SPR) stock is rising after a Seattle Times report indicated that Boeing Company (NYSE:BA) may be at fault for improperly installing a fuselage panel on an Alaska Airlines MAX 9 jet, which blew off mid-flight. The report cites a Boeing whistleblower and suggests that if the information is confirmed, Boeing would be responsible for the incident, not Spirit AeroSystems. Spirit Aerosystems shares are up 6.1% following the news.

Portfolio Pulse from Erica Kollmann

January 24, 2024 | 5:22 pm

DKNG

DraftKings' stock price is on the rise after reports emerged about a potential sports betting deal with Barstool. This deal could expand DraftKings' market presence and user base, potentially increasing its revenue and market share in the sports betting industry.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 5:19 pm

MGNX

JMP Securities analyst Silvan Tuerkcan has reaffirmed a Market Outperform rating on Macrogenics (NASDAQ:MGNX) and increased the price target from $10 to $16, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 5:18 pm

DHI

JMP Securities analyst Aaron Hecht has maintained a Market Outperform rating on D.R. Horton (NYSE:DHI) and increased the price target from $140 to $170.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 5:16 pm

MAR

Marriott Intl's (NYSE:MAR) short interest has decreased by 5.03% since the last report, with 6.28 million shares sold short, representing 2.83% of available shares. The average time to cover these short positions is 4.59 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. Marriott has a lower short interest compared to its peer group average of 6.48%.

Portfolio Pulse from Benzinga Insights

January 24, 2024 | 5:15 pm

CAVA

Cava Group (NYSE:CAVA) has seen a 26.01% decrease in short interest since its last report, with 9.59 million shares sold short, representing 8.76% of its float. The average time to cover these short positions is 4.47 days. While a decrease in short interest can indicate a more bullish sentiment, it does not necessarily predict a near-term rise in stock price. Cava Group's short interest is slightly higher than its peer group average of 8.42%.

Portfolio Pulse from Benzinga Insights

January 24, 2024 | 5:15 pm

PBLA

Panbela Therapeutics (NYSE:PBLA) has seen a significant increase in short interest, with the short percent of float rising 912.95% to 14.08% of available shares. It would take about 1.0 days to cover all short positions. While high short interest can indicate bearish sentiment, it doesn't necessarily predict a price drop. Panbela's short interest is higher than its peer group average of 4.23%.

Portfolio Pulse from Benzinga Insights

January 24, 2024 | 5:15 pm

HUT

Hut 8 (NASDAQ:HUT) has refuted allegations by J Capital Research, which accused the company of overpaying for the merger with US Bitcoin Corp (USBTC) and claimed USBTC was near bankruptcy. J Capital, holding short positions in Hut 8, suggested the merger was a pump-and-dump scheme. Hut 8's shares dropped 23.3% following the report. Hut 8 defended its merger, financial health, and diversified revenue streams, stating it holds 9,195 Bitcoin worth approximately $390 million. The company criticized the report as inaccurate and self-serving for the short seller.

Portfolio Pulse from Neil Dennis

January 24, 2024 | 5:15 pm

BNTC

JMP Securities analyst Silvan Tuerkcan has maintained a Market Outperform rating on Benitec Biopharma (NASDAQ:BNTC) and increased the price target from $6 to $8.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 5:14 pm