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HUBC

Hub Cyber Security Ltd. (NASDAQ:HUBC) shares surged 41.3% in premarket trading after announcing an $8 million financing acquisition via a straight debt arrangement and the successful cash acquisition of QPoint Technologies. The financing is aimed at strengthening the company's financial foundation and supporting strategic initiatives. The acquisition of QPoint is seen as a strategic move to enhance cross-selling opportunities across various sectors.

Portfolio Pulse from Nabaparna Bhattacharya

April 05, 2024 | 1:23 pm

CADL

Candel Therapeutics Inc (NASDAQ:CADL) shares surged on heavy trading volume following positive interim data from a phase 2 clinical trial of CAN-2409 for non-metastatic pancreatic cancer, showing prolonged survival rates. Additionally, updated data from a phase 1b trial of CAN-3110 for recurrent high-grade glioma showed nearly double the expected median overall survival. Shares are up 15.20% in premarket trading.

Portfolio Pulse from Vandana Singh

April 05, 2024 | 1:22 pm

OLLI

Ollie's Bargain Outlet's stock (OLLI) trades higher following an upgrade from Hold to Buy by Loop Capital, with a raised price target from $80 to $90.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 1:16 pm

RUN

Sunrun (NYSE:RUN) has seen a 4.75% increase in its short percent of float, now at 23.83% with 43.75 million shares sold short. It would take about 3.19 days to cover these short positions. This rise in short interest indicates a more bearish market sentiment towards Sunrun, although it doesn't necessarily predict a near-term price fall. Compared to its peers, Sunrun has a higher short interest, suggesting more skepticism among investors about its performance.

Portfolio Pulse from Benzinga Insights

April 05, 2024 | 1:15 pm

WMB

Williams Companies (NYSE:WMB) has seen a 15.82% increase in short interest, now at 22.31 million shares or 2.05% of float, taking 3.04 days on average to cover. This rise in short interest signals a more bearish market sentiment towards WMB, although it has less short interest compared to its peers' average of 3.90%. The increase in short interest doesn't necessarily predict a price drop but indicates heightened short selling activity.

Portfolio Pulse from Benzinga Insights

April 05, 2024 | 1:15 pm

VRNS

Varonis Systems (NYSE:VRNS) has seen a 4.39% increase in its short percent of float since the last report, with 6.58 million shares sold short, representing 6.89% of its available shares. This indicates a bearish market sentiment towards VRNS, although it's not a definitive predictor of stock price movement. VRNS has a higher short interest than its peer group average of 4.12%, suggesting more bearish sentiment compared to its peers.

Portfolio Pulse from Benzinga Insights

April 05, 2024 | 1:15 pm

EGLE

SBLK

Eagle shareholders have approved a merger with Star Bulk, where each share of Eagle's common stock will be exchanged for 2.6211 shares of Star Bulk's common stock. The merger excludes shares owned by Eagle, Star Bulk, or their subsidiaries.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 1:13 pm

CORZ

Core Scientific, Inc. (CORZ) announced its March 2024 production and operations updates, highlighting significant achievements in bitcoin mining and infrastructure expansion. The company reported earning 906 self-mined bitcoins and facilitating an additional 309 bitcoins mined by customers in March. For Q1 2024, Core Scientific mined a total of 2,825 bitcoins and customers mined 970 bitcoins. The company deployed its first shipment of approximately 2,500 S21 miners, expanded its operational infrastructure to 745 megawatts, and operated around 224,000 bitcoin miners with a total hash rate of 25.6 exahash as of March 31, 2024. Additionally, Core Scientific delivered 16 megawatts of infrastructure for a high-performance computing client ahead of schedule, aiming to achieve a hash rate of 21.8 exahash by the end of 2024.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 1:11 pm

CNK

Cinemark Holdings' stock (CNK) experienced a price increase following an upgrade by Wells Fargo from Underweight to Overweight, with a new price target set at $23, up from $13.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 1:09 pm

EXPI

eXp Realty, a subsidiary of eXp World Holdings, Inc. (NASDAQ:EXPI), announced Leo Pareja as its new CEO, effective immediately. Pareja, previously the Chief Strategy Officer, is recognized for his innovative leadership and contributions to the company's growth, including strategic initiatives like eXp Exclusives and Revenos. Glenn Sanford, the former CEO, will focus on his role as Founder, Chairman, and CEO of eXp World Holdings. The company has been recognized in the RealTrends 500 report, highlighting its market share growth and agent-centric approach.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 1:06 pm