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IRDM

Iridium Comms's (NYSE:IRDM) short interest has increased by 27.14% since the last report, with 3.40 million shares sold short, representing 4.31% of its float. This indicates a bearish market sentiment, although it has less short interest compared to its peers' average of 6.08%. The article suggests that an increase in short interest doesn't necessarily predict a stock price fall.

Portfolio Pulse from Benzinga Insights

March 29, 2024 | 1:00 pm

Jacobs Solutions (NYSE:J) has seen a 9.42% increase in short percent of float since its last report, with 1.66 million shares sold short, representing 1.51% of available shares. This indicates a bearish market sentiment towards J, although it has less short interest compared to its peers' average of 3.32%. The rise in short interest doesn't necessarily predict a price drop but suggests increased bearishness among traders.

Portfolio Pulse from Benzinga Insights

March 29, 2024 | 1:00 pm

CWEN

FSLR

ICLN

NEE

TAN

California and Germany have made significant strides towards 100% renewable energy, with California's power supply recently being over 70% renewable on average. The clean energy sector faces uncertainty with the upcoming 2024 presidential election. ETFs like iShares Global Clean Energy ETF (ICLN) and Invesco Solar ETF (TAN) have seen minor upticks this week, despite losses over the past year. Stocks such as NextEra Energy Inc (NEE), First Solar Inc (FSLR), and Clearway Energy, Inc. (CWEN) are recovering but still down from last year's prices.

Portfolio Pulse from Natan Ponieman

March 29, 2024 | 12:48 pm

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GRAM

MAPS

STHZF

California's cannabis sector is experiencing a sales decline, with a recent report from Zuanic & Associates highlighting the market's consolidation potential. Leading brands with financial backing are likely to benefit. The report covers companies like Gold Flora, StateHouse, and Weedmaps, noting a 5% drop in cannabis sales to $1.05 billion in Q4 2023. The sector faces challenges such as tighter retailer margins and legal issues, despite an increase in dispensary licenses. The upcoming Benzinga Cannabis Capital Conference will feature insights from Pablo Zuanic.

Portfolio Pulse from Nicolás Jose Rodriguez

March 29, 2024 | 12:48 pm

OGI

OrganiGram Holdings Inc. (NASDAQ:OGI), a Toronto-based cannabis company, announced an $18.5M public offering with ATB Securities Inc. as the lead underwriter, offering 7,740,000 units at $2.39 each. The offering includes an over-allotment option and units comprising one common share and a half warrant. The proceeds are aimed at supporting growth initiatives and covering corporate expenses. The offering is expected to close around April 2, 2024, pending regulatory approvals. However, the announcement led to a downturn in OGI's stock value, following a 16% year-over-year revenue decrease in the first quarter of 2024.

Portfolio Pulse from Patricio Liddle

March 29, 2024 | 12:15 pm

KRE

'Rich Dad Poor Dad' author Robert Kiyosaki predicts a financial crisis in the US similar to China's, impacting baby boomers' retirement plans. He attributes the crisis to the collapse of major entities in China and warns of similar issues in the US commercial real estate sector. Kiyosaki advises investing in tangible assets like gold, silver, and Bitcoin over fiat currency or real estate investment trusts (REITs). The SPDR S&P Regional Banking ETF (KRE) is mentioned in relation to the challenges faced by the US banking system, including the exposure of regional banks to commercial real estate.

Portfolio Pulse from Shanthi Rexaline

March 29, 2024 | 12:12 pm

CZOO

GCT

PIK

PLBY

SOND

In Friday's pre-market session, there were notable movements in the consumer discretionary sector. Kidpik, Cazoo Gr, Sonder Holdings, PLBY Group, RH, and GigaCloud Tech saw significant gains, while Sacks Parente Golf, Lobo EV Technologies, Visionary Holdings, Yoshitsu Co, LL Flooring Holdings, and Foresight Autonomous experienced declines. The movements reflect varying market capitalizations and investor reactions to company-specific news or broader market trends.

Portfolio Pulse from Benzinga Insights

March 29, 2024 | 12:06 pm

AVTX

BCDA

BDRX

NCNA

PAVM

XLO

In Friday's pre-market session, several healthcare stocks showed significant movement. Avalo Therapeutics (AVTX) led the gainers with a 289.1% increase, while NuCana (NCNA) led the losers with a 21.9% decrease. Other notable movers include Xilio Therapeutics (XLO) and Biodexa Pharmaceuticals (BDRX) with substantial gains, and PAVmed (PAVM) and BioCardia (BCDA) with notable losses.

Portfolio Pulse from Benzinga Insights

March 29, 2024 | 12:06 pm

MLKN

SWVL

UGRO

XPON

In Friday's pre-market session, several industrials stocks showed significant movement. Expion360, Swvl Hldgs, Energous, 1847 Holdings, Surf Air Mobility, and View were among the gainers, with increases ranging from 6.08% to 14.4%. Conversely, MillerKnoll, Urban-gro, Earlyworks Co, Staffing 360 Solutions, Caravelle Intl Gr, and ESS Tech experienced declines between 5.18% and 22.1%.

Portfolio Pulse from Benzinga Insights

March 29, 2024 | 12:06 pm

CXM

LDTC

MFH

MOVE

VRNT

In Friday's pre-market session, several Information Technology stocks showed significant movement. Notably, Movano, Nano Labs, Mercurity Fintech Holding, LeddarTech Holdings, Verint Systems, and Sprinklr were among the gainers, with increases ranging from 7.76% to 13.7%. Conversely, Abits Group, Sobr Safe, D-Wave Quantum, Wetouch Technology, Braze, and Movella Holdings experienced declines between 9.94% and 12.8%.

Portfolio Pulse from Benzinga Insights

March 29, 2024 | 12:06 pm