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PBLA

Panbela Therapeutics, Inc. (NASDAQ:PBLA) has announced a 1-for-20 reverse stock split effective January 18, 2024, to increase its stock price and regain compliance with Nasdaq Capital Market listing requirements. The reverse split will reduce the outstanding shares to approximately 480 thousand, with adjustments to warrants, options, and equity incentive plans. The authorized shares for issuance will remain unchanged.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 1:21 pm

EGO

Eldorado Gold Corporation (NYSE:EGO) shares are trading lower in premarket after reporting Q4 gold production of 143,166 ounces and full-year production of 485,140 ounces, which met the midpoint of its guidance range. The company saw increased production in Canada and Turkiye, with a slight decrease in Greece. EGO will release full Q4 and FY23 results on February 22, 2024, and has recently appointed a new CFO, Paul Ferneyhough.

Portfolio Pulse from Lekha Gupta

January 16, 2024 | 1:18 pm

AWK

American Water Works (NYSE:AWK) has seen a decrease in short interest, with the short percent of float dropping 5.36% since the last report. The company has 2.74 million shares sold short, which is 1.59% of available shares for trading. The average time to cover these short positions is 3.65 days. Short interest is a market sentiment indicator, and a decrease suggests investors may be more bullish on AWK. Compared to its peers, AWK has a slightly higher short interest percentage of 1.58%. The article suggests that a decrease in short interest does not necessarily predict a near-term price rise.

Portfolio Pulse from Benzinga Insights

January 16, 2024 | 1:15 pm

PDD

PDD Holdings (NYSE:PDD) has seen a 10.71% decrease in short interest since its last report, with 30.23 million shares sold short, representing 4.5% of its float. The average time to cover these short positions is 6.07 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. PDD Holdings has a lower short interest compared to its peer group average of 10.42%.

Portfolio Pulse from Benzinga Insights

January 16, 2024 | 1:15 pm

DVN

Devon Energy (NYSE:DVN) has seen a 3.33% increase in short interest since its last report, with 13.86 million shares sold short, representing 2.48% of its float. The short interest is below the peer group average of 6.37%. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price drop.

Portfolio Pulse from Benzinga Insights

January 16, 2024 | 1:15 pm

ANSS

SNPS

Synopsys has announced its intention to acquire Ansys, with Ansys shareholders set to receive $197 in cash and 0.3450 shares of Synopsys common stock for each share of Ansys they own.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 1:14 pm

XOS

Wedbush analyst Daniel Ives has maintained an Outperform rating on Xos (NASDAQ:XOS) and increased the price target from $4 to $13, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 1:10 pm

SOTK

Sono-Tek (NASDAQ:SOTK) reported Q3 earnings with an EPS of $0.04, doubling the estimated $0.02 and showing a revenue increase of $2.10 million year-over-year. Despite missing EPS estimates last quarter and experiencing a subsequent share price drop, this quarter's results may positively influence investor sentiment.

Portfolio Pulse from Benzinga Insights

January 16, 2024 | 1:10 pm

SLGG

Super League (NASDAQ: SLE) reported a record preliminary Q4 revenue of approximately $9.4 million, a 32% increase YoY, and annual revenues of about $25.0 million. The company anticipates profitability in 2024, backed by a record contract and pipeline expansion. Super League's CEO Ann Hand highlighted the company's growth, streamlined operations, and success in immersive 3D experiences on platforms like Roblox, Minecraft, and Fortnite. The company served almost 100 brands in 2023, with significant engagement and media coverage. Super League aims to transition from short-term campaigns to larger, recurring deals with notable clients like Visa, Disney, and Wal-Mart. The company raised $24.8 million and secured a $4.0 million accounts receivable facility, improving its balance sheet for future growth.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 1:07 pm

AFRM

BABA

CFLT

MO

Jim Cramer commented on several companies during CNBC's 'Mad Money Lightning Round.' He described Confluent, Inc.'s (CFLT) recent quarter as 'miserable' and suggested it's in the 'penalty box,' advising to wait two quarters before considering it as a buy. Cramer was negative on Alibaba Group Holding Limited (BABA), in light of recent criticism of Congress member Laurel Lee's stock trading. He warned against shorting Affirm Holdings, Inc. (AFRM), citing the company's popularity and CEO's intelligence. Cramer also expressed a reluctance to recommend Altria Group, Inc. (MO), a tobacco company. The mentioned stocks experienced slight declines in their share prices during Friday's session.

Portfolio Pulse from Avi Kapoor

January 16, 2024 | 1:07 pm