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CGEN

Compugen announced that it has regained compliance with the Nasdaq's minimum bid price requirement, which is a positive development for the company as it ensures its continued listing on the exchange.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 2:19 pm

CART

Instacart (NASDAQ:CART) has announced the expansion of its advertising solutions to include ads on its AI-powered Caper Carts. The initiative will pilot at Good Food Holdings' Bristol Farms stores in Southern California, with plans to deploy thousands of Caper Carts by the end of 2024. Launch partners include Del Monte Foods, Dreyer's Grand Ice Cream, and General Mills, offering personalized ads and product recommendations. This move is part of Instacart's strategic evolution to support retailers and brands both online and in-store, and it builds on the company's Carrot Ads technology.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 2:18 pm

AAPL

BA

BTCUSD

CORN

FINE

MARA

NVDA

PLUG

TSLA

ZIM

Swaggy Stocks has listed the top 10 trending stocks on WallStreetBets as of January 8, 2024. The list includes Apple Inc. (AAPL), Boeing Co. (BA), Bitcoin (BTCUSD), Teucrium Corn Fund (CORN), FinEvolution Group (FINE), Marathon Digital Holdings Inc. (MARA), NVIDIA Corporation (NVDA), Plug Power Inc. (PLUG), Tesla Inc. (TSLA), and ZIM Integrated Shipping Services Ltd. (ZIM).

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 2:17 pm

CORT

Corcept Therapeutics (CORT) shares rose following the announcement of preliminary Q4 and full year 2023 revenue results that surpassed estimates. The company also provided 2024 revenue guidance that exceeded expectations and revealed a $200 million stock repurchase program.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 2:16 pm

APH

Amphenol (NYSE:APH) has seen a rise in short interest, with 6.90 million shares sold short, representing 1.33% of available shares. The short percent of float increased by 4.72% since the last report. It would take about 1.81 days to cover all short positions based on current trading volume. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price drop. Amphenol has less short interest compared to its peer group average of 3.80%.

Portfolio Pulse from Benzinga Insights

January 08, 2024 | 2:15 pm

SPLP

Steel Partners Holdings L.P. (NYSE:SPLP) has announced the extension of the effective date for its Reverse/Forward Unit Split to January 11, 2024. The Reverse Unit Split will be at a ratio of 1-for-12,500, immediately followed by a 12,500-for-1 Forward Unit Split. Trading on a split-adjusted basis is expected to begin on January 12, 2024. Employee-held units will be excluded from the split, and fractional units will not be issued; instead, cash will be paid out. The transfer agent, Equiniti Trust Company, LLC, will handle the exchange and payment process.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 2:15 pm

TRV

Travelers Companies (NYSE:TRV) has seen a 6.31% increase in short interest since its last report, with 2.67 million shares sold short, representing 1.18% of its float. It would take about 1.71 days to cover all short positions. While an increase in short interest can indicate bearish sentiment, TRV has less short interest compared to its peer group average of 1.89%. This data does not necessarily predict a near-term price drop.

Portfolio Pulse from Benzinga Insights

January 08, 2024 | 2:15 pm

ED

Consolidated Edison (NYSE:ED) has seen a 13.99% increase in short interest since its last report, with 7.09 million shares sold short, representing 2.77% of its float. It would take about 3.31 days to cover these short positions based on average trading volume. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price drop. Compared to its peers, ED has less short interest, with the peer group average at 2.96% of float.

Portfolio Pulse from Benzinga Insights

January 08, 2024 | 2:15 pm

WGS

GeneDx Holdings Corp. (NASDAQ:WGS) announced preliminary financial results for Q4 and FY 2023, exceeding revenue expectations. Q4 revenue is expected to be at least $58M, surpassing the $49.06M estimate, and FY23 revenue is projected to be at least $203M, above the $188.3M estimate. The company reported significant year-over-year growth in exome and genome test revenue and reduced cash burn. GeneDx reiterates its path to profitability by 2025 and will discuss detailed financial and operating results in a conference call on February 20, 2024.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 2:14 pm

FSLY

RBC Capital analyst Rishi Jaluria has upgraded Fastly (NYSE:FSLY) from Underperform to Sector Perform and increased the price target from $12 to $18.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 2:14 pm