Alector Stock (NASDAQ:ALEC), Trade Ideas

Alector

Alector Inc is a clinical-stage biopharmaceutical company. It is engaged in developing a novel therapeutic approach for the treatment of neurodegeneration. The firm is involved in developing therapies that are designed to simultaneously counteract pathologies by restoring healthy immune function to the brain. Its pipeline products include AL001, AL002, AL003, and AL101.

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Shares of Airspan Networks Holdings Inc. (NASDAQ: MIMO) shares rose sharply during Wednesday’s session after the company announced a partnership with GCT Semiconductor to develop an RF module.

Airspan Networks Holdings shares surged 381% to $0.3699 on Wednesday.

Why Airspan Networks Shares Are Trading Higher By Over 380%? Here Are Other Stocks Moving In Wednesday&#39;s Mid-Day Session

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Alector shares are trading lower by 14.9% during Wednesday&#39;s session. The company announced the pricing of a $75 million public offering.

Why Alector (ALEC) Stock Is Diving Today

U.S. stocks traded lower, with the Nasdaq Composite falling more than 150 points on Wednesday.

SolarEdge Technologies, Calavo Growers, Fisker And Other Big Stocks Moving Lower On Wednesday

Alector Inc

WIIM

TLSA

Tiziana Life Sciences shares are trading higher. The company announced a new quantitative PET imaging data on foralumab.

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CBSH

Commerce Bancshares Adds 5M Shares To Buyback Program

Virgin Galactic Hldgs's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPCE#NYSE">SPCE</a>) short percent of float has risen 10.62% since its last report. The company recently reported that it has 93.69 million shares sold short, which is 25.52% of all regular shares that are available for trading. Based on its trading volume, it would take traders 8.42 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Virgin Galactic Hldgs Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1713467721_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Virgin Galactic Hldgs has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Virgin Galactic Hldgs's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Virgin Galactic Hldgs's peer group average for short interest as a percentage of float is 11.18%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

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Short Ideas

SPCE

(SPCE) - Analyzing Virgin Galactic Hldgs's Short Interest

Deckers Outdoor's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DECK#NYSE">DECK</a>) short percent of float has fallen 14.43% since its last report. The company recently reported that it has 909 thousand shares sold short, which is 4.92% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.4 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Deckers Outdoor Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1713467716_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Deckers Outdoor has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Deckers Outdoor's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Deckers Outdoor's peer group average for short interest as a percentage of float is 7.03%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

DECK

(DECK) - Analyzing Deckers Outdoor's Short Interest

United Rentals's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/URI#NYSE">URI</a>) short percent of float has fallen 5.53% since its last report. The company recently reported that it has 2.41 million shares sold short, which is 4.1% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.84 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>United Rentals Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1713467711_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for United Rentals has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing United Rentals's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, United Rentals's peer group average for short interest as a percentage of float is 4.17%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

(URI) - Analyzing United Rentals's Short Interest

NRXP

NRX Pharmaceuticals shares are trading lower after the company announced the pricing of a $2 million underwritten public offering.

Taylor Swift's new album, &#8220;The Tortured Poets Department,&#8221; drops at midnight ET, Thursday night. The 14-time Grammy winner's highly anticipated album consists of 16 songs, including collaborations with Florence The Machine and Post Malone. It's Swift's first major project since releasing &#8220;Midnights&#8221; in October 2022. Swift's popular worldwide Eras Tour catapulted her to billionaire status and she is set to make a lot more money off her latest project. How Much Will Taylor Make From ‘TPD'? &#8220;Midnights&#8221; generated more than $200 million for Universal Music Group, raising the company's revenue by more than 3% in 2023, <a href="https://www.theguardian.com/music/2023/jan/18/taylor-swifts-midnights-album-sales-universal">according to the Guardian. </a> Through the Eras tour, Swift's popularity and exposure have increased since that 2022 album, so this release could generate even more revenue. 
 Swift's &#8220;1989 (Taylor's Version),&#8221; a remake of her 2014 album, was released in October 2023, a year after &#8220;Midnights&#8221; and did more sales in its first week despite it being a remake of an older album. If the stats are any indication, it shows &#8220;The Tortured Poets Department&#8221; could surpass the sales number of &#8220;Midnight.&#8221;
While exact details of Swift's deal with Universal aren't disclosed, artists typically receive <a href="https://www.businessinsider.com/how-do-musicians-make-money-2018-10">around 10% of album sales</a>. 
But artists of Swift's magnitude and influence are often able to negotiate for more favorable deals. 
Using the conservative assumption of 10%, Swift made more than $23 million from her &#8220;Midnights&#8221; album. And that's just album sales, Swift will also bring in millions of dollars from streaming platforms such as Apple Inc's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) Apple Music and Spotify Technology SA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>). In 2023 alone, Swift brought in more than $100 million from Spotify, according to Variety. That includes her entire discography and not just one single album. 
So, depending on the reception of her newest project, it's hard to gauge an exact number of how much Swift will make from it, but it's safe to assume it will be in the $50-$100 million range. Not to mention, the new music will give Swift more songs to perform if she decides to extend her Eras Tour.
Photo: Brian Friedman via Shutterstock

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Taylor Swift's New Album Drops At Midnight: Here's How Much The Megastar Could Make From The New Project

In the latest quarter, 10 analysts provided ratings for Expedia Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXPE#NASDAQ">EXPE</a>), showcasing a mix of bullish and bearish perspectives.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">8</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">6</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
In the assessment of 12-month price targets, analysts unveil insights for Expedia Group, presenting an average target of $150.2, a high estimate of $180.00, and a low estimate of $130.00. This current average has increased by 5.18% from the previous average price target of $142.80. 
<img src="https://www.benzinga.com/files/images/story/2024/1713466980_0.png" alt="price target chart" />
<h2>Exploring Analyst Ratings: An In-Depth Overview</h2>
A comprehensive examination of how financial experts perceive Expedia Group is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Scott Devitt</td>
<td>Wedbush</td>
<td>Maintains</td>
<td>Neutral</td>
<td>$130.00</td>
<td>-</td>
</tr>
<tr>
<td>John Colantuoni</td>
<td>Jefferies</td>
<td>Lowers</td>
<td>Hold</td>
<td>$145.00</td>
<td>$150.00</td>
</tr>
<tr>
<td>Doug Anmuth</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Neutral</td>
<td>$136.00</td>
<td>$115.00</td>
</tr>
<tr>
<td>Brad Erickson</td>
<td>RBC Capital</td>
<td>Maintains</td>
<td>Sector Perform</td>
<td>$155.00</td>
<td>-</td>
</tr>
<tr>
<td>Ken Gawrelski</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$155.00</td>
<td>$159.00</td>
</tr>
<tr>
<td>Scott Devitt</td>
<td>Wedbush</td>
<td>Maintains</td>
<td>Neutral</td>
<td>$130.00</td>
<td>-</td>
</tr>
<tr>
<td>Justin Post</td>
<td>B of A Securities</td>
<td>Announces</td>
<td>Neutral</td>
<td>$156.00</td>
<td>-</td>
</tr>
<tr>
<td>James Lee</td>
<td>Mizuho</td>
<td>Raises</td>
<td>Neutral</td>
<td>$140.00</td>
<td>$130.00</td>
</tr>
<tr>
<td>Daniel Kurnos</td>
<td>Benchmark</td>
<td>Raises</td>
<td>Buy</td>
<td>$180.00</td>
<td>$160.00</td>
</tr>
<tr>
<td>Jed Kelly</td>
<td>Oppenheimer</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$175.00</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Expedia Group. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Expedia Group compared to the broader market.</li>
<li>Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of Expedia Group's stock. This examination reveals shifts in analysts' expectations over time.</li>
</ul>
To gain a panoramic view of Expedia Group's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/EXPE/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Expedia Group analyst ratings.</a>
<h2>Delving into Expedia Group's Background</h2>
Expedia is the world's second-largest online travel agency by bookings, offering services for lodging (80% of total 2023 sales), air tickets (3%), rental cars, cruises, in-destination, and other (11%), and advertising revenue (6%). Expedia operates a number of branded travel booking sites, but its three core onlint travel agency brands are Expedia, Hotels.com, and Vrbo. It also has a metasearch brand, Trivago. Transaction fees for online bookings account for the bulk of sales and profits.
<h3>Key Indicators: Expedia Group's Financial Health</h3>
Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.
Positive Revenue Trend: Examining Expedia Group's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 10.27% as of 31 December, 2023, showcasing a substantial increase in top-line earnings. When compared to others in the Consumer Discretionary sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: Expedia Group's net margin is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of 4.57%, the company may encounter challenges in effective cost control.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 8.23%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): Expedia Group's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of 0.6%, the company may face hurdles in achieving optimal financial returns.
Debt Management: With a below-average debt-to-equity ratio of 4.28, Expedia Group adopts a prudent financial strategy, indicating a balanced approach to debt management.
<h2>Analyst Ratings: What Are They?</h2>
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings

EXPE

In-Depth Examination Of 10 Analyst Recommendations For Expedia Group

U.S. Bancorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USB#NYSE">USB</a>) reported upbeat first-quarter <a href="https://www.benzinga.com/news/earnings/24/04/38290978/why-u-s-bancorp-shares-are-diving-premarket-today">FY24 earnings on Wednesday</a>.
Revenue stood at $6.7 billion (-6.4% Y/Y), which aligns with the consensus. Adjusted earnings per share came in at 90 cents, beating the consensus of 88 cents.
The net interest margin of 2.70% shrunk 40 basis points year over year. Non-interest income grew 7.7% year over year to $2.7 billion.
Total allowance for credit losses was $7.9 billion, up 5.1% year over year. As of Mar 31, 2024, U.S. Bancorp&#8217;s non-performing assets amounted to $1.79 billion, up 51.2% from the year-ago period&#8217;s level.
Andy Cecere, Chairman, President and CEO said, "Diluted earnings per share of $0.90, as adjusted, excluded $(0.12) of notable items that included the last of our merger and integration-related charges related to the acquisition of MUFG Union Bank and an anticipated increase in the FDIC special assessment."
USB cut FY24 net interest income (taxable-equivalent basis) guidance to $16.1 billion-$16.4 billion from the previously expected $16.6 billion+. For the second quarter, USB expects net interest income (taxable-equivalent basis) to be relatively stable sequentially.
USB shares fell 0.2% to trade at $39.43 on Thursday.
These analysts made changes to their price targets on U.S. Bancorp following earnings announcement.
<ul>
<li>Keefe, Bruyette &amp; Woods cut the price target on U.S. Bancorp from $52 to $45. Keefe, Bruyette &amp; Woods analyst David Konrad downgraded the stock from Outperform to Market Perform.</li>
<li>Oppenheimer slashed the price target on U.S. Bancorp from $55 to $54. Oppenheimer analyst Chris Kotowski maintained an Outperform rating.</li>
<li>Barclays cut the price target on U.S. Bancorp from $56 to $52. Barclays analyst Jason Goldberg maintained an Overweight rating.</li>
<li>Wells Fargo cut the price target on U.S. Bancorp from $50 to $48. Wells Fargo analyst Mike Mayo maintained an Overweight rating.</li>
<li>DA Davidson lowered the price target on U.S. Bancorp from $45 to $44. DA Davidson analyst Peter Winter maintained a Neutral rating.</li>
</ul>
Read More: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38315201/bitcoin-ethereum-edge-lower-following-jobless-claims-data-nervos-network-becomes-top-loser">Bitcoin, Ethereum Edge Lower Following Jobless Claims Data; Nervos Network Becomes Top Loser</a>

Earnings

Price Target

These Analysts Cut Their Forecasts On U.S. Bancorp Following Q1 Results

9 analysts have shared their evaluations of First Horizon (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FHN#NYSE">FHN</a>) during the recent three months, expressing a mix of bullish and bearish perspectives.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts have set 12-month price targets for First Horizon, revealing an average target of $17.11, a high estimate of $18.00, and a low estimate of $16.00. Surpassing the previous average price target of $15.64, the current average has increased by 9.4%.
<img src="https://www.benzinga.com/files/images/story/2024/1713466942_0.png" alt="price target chart" />
<h2>Diving into Analyst Ratings: An In-Depth Exploration</h2>
In examining recent analyst actions, we gain insights into how financial experts perceive First Horizon. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>David George</td>
<td>Baird</td>
<td>Raises</td>
<td>Neutral</td>
<td>$16.00</td>
<td>$15.00</td>
</tr>
<tr>
<td>David Chiaverini</td>
<td>Wedbush</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$17.00</td>
<td>-</td>
</tr>
<tr>
<td>Timur Braziler</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$16.00</td>
<td>$14.00</td>
</tr>
<tr>
<td>Jon Arfstrom</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Outperform</td>
<td>$18.00</td>
<td>$16.00</td>
</tr>
<tr>
<td>Brady Gailey</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Raises</td>
<td>Outperform</td>
<td>$18.00</td>
<td>$16.00</td>
</tr>
<tr>
<td>Steven Alexopoulos</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Neutral</td>
<td>$17.50</td>
<td>$16.00</td>
</tr>
<tr>
<td>John Pancari</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>Outperform</td>
<td>$17.50</td>
<td>$17.00</td>
</tr>
<tr>
<td>Jared Shaw</td>
<td>Barclays</td>
<td>Announces</td>
<td>Overweight</td>
<td>$18.00</td>
<td>-</td>
</tr>
<tr>
<td>Brody Preston</td>
<td>UBS</td>
<td>Raises</td>
<td>Buy</td>
<td>$16.00</td>
<td>$15.50</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to First Horizon. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of First Horizon compared to the broader market.</li>
<li>Price Targets: Understanding forecasts, analysts offer estimates for First Horizon's future value. Examining the current and prior targets provides insight into analysts' changing expectations.</li>
</ul>
Capture valuable insights into First Horizon's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/FHN/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on First Horizon analyst ratings.</a>
<h2>Delving into First Horizon's Background</h2>
First Horizon Corp is the parent company of First Tennessee Bank, a prominent regional bank with about 200 branches around Tennessee. The regional bank is responsible for roughly 65% of its revenue, while capital markets make a 25% contribution. The remainder is split between the firm's non-strategic (wind-down) and corporate operations. First Horizon concentrates on offering a variety of banking products mainly in its home state, where it has the second- largest deposit franchise with a 13% deposit market share.
<h3>First Horizon: Financial Performance Dissected</h3>
Market Capitalization Analysis: The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.
Revenue Growth: First Horizon's revenue growth over a period of 3 months has faced challenges. As of 31 December, 2023, the company experienced a revenue decline of approximately -9.65%. This indicates a decrease in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Financials sector.
Net Margin: First Horizon's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 22.65% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): First Horizon's ROE excels beyond industry benchmarks, reaching 2.14%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): First Horizon's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 0.21%, the company showcases efficient use of assets and strong financial health.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.17.
<h2>Analyst Ratings: What Are They?</h2>
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Expert Outlook: First Horizon Through The Eyes Of 9 Analysts

In the preceding three months, 13 analysts have released ratings for BJ's Wholesale Club (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BJ#NYSE">BJ</a>), presenting a wide array of perspectives from bullish to bearish.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">7</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $81.0, a high estimate of $92.00, and a low estimate of $62.00. Observing a 5.09% increase, the current average has risen from the previous average price target of $77.08. 
<img src="https://www.benzinga.com/files/images/story/2024/1713466931_0.png" alt="price target chart" />
<h2>Deciphering Analyst Ratings: An In-Depth Analysis</h2>
The standing of BJ's Wholesale Club among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Laura Champine</td>
<td>Loop Capital</td>
<td>Lowers</td>
<td>Hold</td>
<td>$80.00</td>
<td>$85.00</td>
</tr>
<tr>
<td>Greg Melich</td>
<td>Evercore ISI Group</td>
<td>Lowers</td>
<td>In-Line</td>
<td>$78.00</td>
<td>$79.00</td>
</tr>
<tr>
<td>Kate McShane</td>
<td>Goldman Sachs</td>
<td>Raises</td>
<td>Buy</td>
<td>$87.00</td>
<td>$81.00</td>
</tr>
<tr>
<td>Greg Melich</td>
<td>Evercore ISI Group</td>
<td>Lowers</td>
<td>In-Line</td>
<td>$80.00</td>
<td>$84.00</td>
</tr>
<tr>
<td>Mark Carden</td>
<td>UBS</td>
<td>Raises</td>
<td>Buy</td>
<td>$89.00</td>
<td>$81.00</td>
</tr>
<tr>
<td>Laura Champine</td>
<td>Loop Capital</td>
<td>Raises</td>
<td>Buy</td>
<td>$85.00</td>
<td>$75.00</td>
</tr>
<tr>
<td>Michael Baker</td>
<td>DA Davidson</td>
<td>Raises</td>
<td>Buy</td>
<td>$92.00</td>
<td>$90.00</td>
</tr>
<tr>
<td>Kate McShane</td>
<td>Goldman Sachs</td>
<td>Raises</td>
<td>Neutral</td>
<td>$81.00</td>
<td>$72.00</td>
</tr>
<tr>
<td>Greg Melich</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>In-Line</td>
<td>$84.00</td>
<td>$70.00</td>
</tr>
<tr>
<td>Edward Kelly</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$75.00</td>
<td>$70.00</td>
</tr>
<tr>
<td>Peter Benedict</td>
<td>Baird</td>
<td>Raises</td>
<td>Outperform</td>
<td>$90.00</td>
<td>$80.00</td>
</tr>
<tr>
<td>Christopher Horvers</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Underweight</td>
<td>$62.00</td>
<td>$58.00</td>
</tr>
<tr>
<td>Chuck Grom</td>
<td>Gordon Haskett</td>
<td>Announces</td>
<td>Hold</td>
<td>$70.00</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to BJ's Wholesale Club. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of BJ's Wholesale Club compared to the broader market.</li>
<li>Price Targets: Understanding forecasts, analysts offer estimates for BJ's Wholesale Club's future value. Examining the current and prior targets provides insight into analysts' changing expectations.</li>
</ul>
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of BJ's Wholesale Club's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/BJ/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on BJ's Wholesale Club analyst ratings.</a>
<h2>Get to Know BJ's Wholesale Club Better</h2>
BJ's Wholesale Club Holdings Inc is a warehouse club and gas station operator. The company provides a curated assortment focused on grocery, general merchandise, gasoline and other ancillary services, coupons, and promotions to offer a differentiated shopping experience.
<h3>BJ's Wholesale Club: A Financial Overview</h3>
Market Capitalization: Indicating a reduced size compared to industry averages, the company's market capitalization poses unique challenges.
Positive Revenue Trend: Examining BJ's Wholesale Club's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 8.68% as of 31 January, 2024, showcasing a substantial increase in top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Consumer Staples sector.
Net Margin: BJ's Wholesale Club's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 2.72% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): BJ's Wholesale Club's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 10.37% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): BJ's Wholesale Club's ROA stands out, surpassing industry averages. With an impressive ROA of 2.16%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: BJ's Wholesale Club's debt-to-equity ratio stands notably higher than the industry average, reaching 2.05. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
<h2>The Basics of Analyst Ratings</h2>
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Cracking The Code: Understanding Analyst Reviews For BJ's Wholesale Club

Across the recent three months, 10 analysts have shared their insights on Builders FirstSource (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLDR#NYSE">BLDR</a>), expressing a variety of opinions spanning from bullish to bearish.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
In the assessment of 12-month price targets, analysts unveil insights for Builders FirstSource, presenting an average target of $219.6, a high estimate of $242.00, and a low estimate of $185.00. This upward trend is evident, with the current average reflecting a 9.47% increase from the previous average price target of $200.60.
<img src="https://www.benzinga.com/files/images/story/2024/1713466899_0.png" alt="price target chart" />
<h2>Investigating Analyst Ratings: An Elaborate Study</h2>
The perception of Builders FirstSource by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Collin Verron</td>
<td>Jefferies</td>
<td>Raises</td>
<td>Buy</td>
<td>$237.00</td>
<td>$226.00</td>
</tr>
<tr>
<td>Matthew Bouley</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$240.00</td>
<td>$235.00</td>
</tr>
<tr>
<td>Kurt Yinger</td>
<td>DA Davidson</td>
<td>Maintains</td>
<td>Neutral</td>
<td>$185.00</td>
<td>$185.00</td>
</tr>
<tr>
<td>Matthew Bouley</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$235.00</td>
<td>$195.00</td>
</tr>
<tr>
<td>Collin Verron</td>
<td>Jefferies</td>
<td>Raises</td>
<td>Buy</td>
<td>$226.00</td>
<td>$205.00</td>
</tr>
<tr>
<td>Mike Dahl</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Outperform</td>
<td>$211.00</td>
<td>$186.00</td>
</tr>
<tr>
<td>Keith Hughes</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Hold</td>
<td>$190.00</td>
<td>$185.00</td>
</tr>
<tr>
<td>Tyler Batory</td>
<td>Oppenheimer</td>
<td>Raises</td>
<td>Outperform</td>
<td>$242.00</td>
<td>$220.00</td>
</tr>
<tr>
<td>Jay McCanless</td>
<td>Wedbush</td>
<td>Raises</td>
<td>Outperform</td>
<td>$225.00</td>
<td>$175.00</td>
</tr>
<tr>
<td>Collin Verron</td>
<td>Jefferies</td>
<td>Raises</td>
<td>Buy</td>
<td>$205.00</td>
<td>$194.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Builders FirstSource. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Builders FirstSource compared to the broader market.</li>
<li>Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of Builders FirstSource's stock. This examination reveals shifts in analysts' expectations over time.</li>
</ul>
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Builders FirstSource's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/BLDR/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Builders FirstSource analyst ratings.</a>
<h2>Get to Know Builders FirstSource Better</h2>
Builders FirstSource Inc is a manufacturer and supplier of building materials. The company offers structural and related building products such as factory-built roof and floor trusses, wall panels and stairs, vinyl windows, custom millwork and trim, and engineered wood. The products can be designed for each home individually and are installed by Builders FirstSource. The company's construction-related services include professional installation, turn-key framing, and shell construction. Builders FirstSource's customers range from large production builders to small custom homebuilders.
<h3>Builders FirstSource: Financial Performance Dissected</h3>
Market Capitalization Highlights: Above the industry average, the company's market capitalization signifies a significant scale, indicating strong confidence and market prominence.
Negative Revenue Trend: Examining Builders FirstSource's financials over 3 months reveals challenges. As of 31 December, 2023, the company experienced a decline of approximately -4.74% in revenue growth, reflecting a decrease in top-line earnings. When compared to others in the Industrials sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: Builders FirstSource's net margin is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of 8.45%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Builders FirstSource's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of 7.53%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): Builders FirstSource's ROA stands out, surpassing industry averages. With an impressive ROA of 3.3%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: Builders FirstSource's debt-to-equity ratio is below the industry average. With a ratio of 0.78, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
<h2>Analyst Ratings: Simplified</h2>
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. 
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

BLDR

Navigating 10 Analyst Ratings For Builders FirstSource

P.A.M. Transportation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PTSI#NASDAQ">PTSI</a>) reported quarterly sales of $182.60 million which beat the analyst consensus estimate of $181.70 million by 0.50 percent. This is a 5.61 percent decrease over sales of $193.45 million the same period last year.

Earnings Beats

PTSI

P.A.M. Transportation Q1 Sales $182.60M Beat $181.70M Estimate

PDD Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>) has outperformed the market over the past 5 years by 24.83% on an annualized basis producing an average annual return of 36.1%. Currently, PDD Holdings has a market capitalization of $151.58 billion. 
Buying $100 In PDD: If an investor had bought $100 of PDD stock 5 years ago, it would be worth $475.37 today based on a price of $114.09 for PDD at the time of writing.
<h3>PDD Holdings's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1713466878_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Citigourp Global Markets 2% Protected Notes Linked To The Djia

$100 Invested In This Stock 5 Years Ago Would Be Worth $500 Today

Gold prices reached record highs on April 12, 2024, as growing economic tensions fuel worries about exacerbating macroeconomic headwinds. The precious metal's value surged to over $2,400 per ounce, cementing its popularity as a safe-haven asset.
"I think it's a really exciting moment in gold," Joseph Cavatoni, market strategist at the World Gold Council, said, "What's really driving it is, I think, many market speculators really getting that confidence and comfort [in] the Fed cuts."
Central banks around the world have been fervently <a href="https://www.benzinga.com/money/guide-to-buying-gold-online">stocking up on gold</a> to diversify their reserves, citing geopolitical risks, domestic inflation concerns and the weakening of the U.S. dollar.
As investors navigate uncertain terrain, the allure of gold as a safe haven persists, while the resilience of the dollar underscores its enduring dominance in the currency markets.&nbsp;
Don&#8217;t Miss:
<ul>
<li>One-stop shop for forex traders:<a href="https://www.benzinga.com/money/one-stop-shop-for-forex-traders-this-u-s-broker-is-paving-the-way-for-a-secure-and-efficient-trading-environment"> this U.S. broker is paving the way for a secure and efficient trading environment.</a></li>
</ul>
<h2 class="wp-block-heading">Worrying Inflation Data&nbsp;</h2>
While expectations regarding a possible rate cut boosted the allure of gold, recent data revealed that elevated price levels have drastically changed market trends.
The latest data from the Census Bureau reveals a 0.7% increase in retail sales for the month, significantly outpacing the Dow Jones consensus forecast of a 0.3% rise.&nbsp;
The Labor Department&#8217;s report last week unveiled a 0.4% increase in the Consumer Price Index (CPI) for March, sending shivers down the spines of analysts who had hoped for a more subdued figure. With inflation clocking in at a brisk 3.5% annual rate for the month, it&#8217;s clear that consumers are grappling with rising prices.
"More recent data shows solid growth and continued strength in the labor market but also a lack of further progress so far this year on returning to our 2% inflation goal," said Jerome Powell, the Chairman of the Federal Reserve, "The recent data have clearly not given us greater confidence, and instead indicate that it's likely to take longer than expected to achieve that confidence."
Investors, who once anticipated six to seven rate cuts from the Federal Reserve, now find themselves in a state of flux. With each passing month bringing stubborn data, expectations have dwindled to just two cuts, leaving investors anxiously reevaluating their strategies.
&#8220;I&#8217;d love the Fed to be in a position to cut rates later this year," said Jason Furman, former chair of the Council of Economic Advisers, adding, "But the data is just not close to being there, at least yet.&#8221;&nbsp;
<h2 class="wp-block-heading">U.S. Dollar Remains Resilient</h2>
As the central bank is poised to delay rate cuts from June to September, the U.S. dollar's strength is expected to continue through the upcoming months.&nbsp;
The 10-year U.S. Treasury yields rose to 4.5%, while the U.S. Dollar Index has gained nearly 5% this year. Gold, typically considered a safe haven during economic turbulence, has pulled back amid a resilient greenback.&nbsp;
The Federal Reserve&#8217;s commitment to higher interest rates could further pressure non-yielding assets like gold as the cost of investing in them escalates.&nbsp;&nbsp;
However, as countries are expected to adopt a hawkish stance later this year, <a href="https://www.benzinga.com/money/how-to-invest-in-gold">gold investments could be worthwhile</a>.&nbsp;
&#8220;The environment is strong for gold&#8217;s performance and our research indicates that when the U.S. market experiences Fed rate cuts, the gold price has performed favorably with an average return of over 8% in the months following,&#8221; Cavatoni said.&nbsp;
Goldman Sachs revised its year-end gold price projection to $2,700 per ounce, up from the previous estimate of $2,300. The adjustment comes as the financial giant notes the ongoing bull market in gold, which appears unfazed by typical macroeconomic influences.
Read Next:
<ul>
<li>Why forex scammers get away with it for so long, and<a href="https://www.benzinga.com/money/why-forex-scammers-get-away-with-it-for-so-long"> how you can avoid falling victim to forex scams.</a></li>
</ul>

Forex

Gold Prices Hit Fresh Highs: How Does It Impact USD?

JPMorgan Chase (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) has outperformed the market over the past 10 years by 2.15% on an annualized basis producing an average annual return of 12.45%. Currently, JPMorgan Chase has a market capitalization of $520.34 billion. 
Buying $1000 In JPM: If an investor had bought $1000 of JPM stock 10 years ago, it would be worth $3,246.55 today based on a price of $181.17 for JPM at the time of writing.
<h3>JPMorgan Chase's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1713466872_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$1000 Invested In This Stock 10 Years Ago Would Be Worth $3,200 Today

An investigation into <a href="https://www.benzinga.com/general/sports-betting">the sports betting</a> activity of Jontay Porter led to his becoming the first NBA player given a lifetime ban for gambling activities in over 70 years. He is also one of the few people to get a lifetime ban from the league by current <a href="https://www.benzinga.com/topic/adam-silver">commissioner Adam Silver</a>.
What Happened: The NBA's <a href="https://www.nba.com/news/jontay-porter-banned-from-nba">report </a>said Porter disclosed confidential information to other sports bettors along with also betting on NBA games himself.
"There is nothing more important than protecting the integrity of NBA competition for our fans, our teams and everyone associated with our sport, which is why Jontay Porter's blatant violations of our gaming rules are being met with the most severe punishment," Silver said.
A key date in the investigation was a March 20 game of Porter's Toronto Raptors. The investigation found that Porter disclosed health information ahead of the game to a bettor. An $80,000 parlay bet was placed with a sportsbook to win $1.1 million. The bet was not paid out and was part of the prompt for the investigation.
The bet placed saw unders taken on Porter, predicting him to finish with low marks in statistical categories. Porter played only three minutes in the game before leaving due to illness. A <a href="https://www.actionnetwork.com/nba/sources-jontay-porter-owned-and-operated-a-vip-account-at-fanduel">report </a>from Action Network said the betting line for Porter props at DraftKings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DKNG#NASDAQ">DKNG</a>) for that game was 7.5 points and 5.5 rebounds. Porter had zero points and two rebounds in the game.
The investigation into Porter found that his health and early exits were often associated with spikes in betting on player props, which sometimes were the most profitable bets for users on sportsbooks like DraftKings.
Along with playing in 26 games for the Raptors during the 2023-2024 NBA season, Porter also played with the Raptors 905, the team's G League affiliate. While with the Raptors 905, Porter bet a reported $54,094 and profited $21,965.
Porter bet on the Raptors losing games on several occasions.
Along with DraftKings, Flutter Entertainment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLUT#NYSE">FLUT</a>) owned FanDuel was also named as a sportsbook that saw increased betting on Porter props according to <a href="https://www.espn.com/espn/betting/story/_/id/39929844/colorado-sportsbooks-ordered-report-betting-activity-toronto-raptors-jontay-porter">ESPN</a>.
Porter played a total of 37 NBA games for the Memphis Grizzlies and Toronto Raptors prior to the ban. Porter averaged 3.7 points, 2.6 rebounds and 1.6 assists per game.
In the G League, Porter played 33 games and averaged 10.7 points, 9.5 rebounds and 3.5 assists per game.
Porter was undrafted in the 2019 NBA Draft after playing one year at Missouri University where he won the SEC Sixth Man of the Year and was named to the SEC All-Freshman Team.
Related Link: <a href="https://www.benzinga.com/general/sports/24/01/36877701/mark-cuban-wont-buy-your-favorite-sports-team-believes-luka-doncic-hasnt-peaked-yet-plus-more-from">Mark Cuban Won&#8217;t Buy Your Favorite Sports Team, Believes Luka Doncic Hasn&#8217;t Peaked Yet, Plus More From Twitter AMA</a>
Why It's Important: With the lifetime ban, Porter is the first to be kicked out or banned from the NBA for gambling since 1954, when Jack Molinas was banned by the league for a point shaving scandal.
Silver also <a href="https://www.benzinga.com/news/14/04/4508523/nba-brings-down-the-hammer-on-clippers-owner-now-what">previously put a lifetime ban</a> on former Los Angeles Clippers owner Donald Sterling in 2014 following an investigation into racist comments made. Silver forced the sale of the Clippers as part of the ruling.
The investigation and ban comes at a potentially difficult time for the sports betting sector.
Major League Baseball was rocked with <a href="https://www.benzinga.com/news/24/03/37862843/shohei-ohtanis-interpreter-dismissed-by-la-dodgers-amid-gambling-allegations-baseball-star-victim-of">a potential scandal </a>when it was found that star player Shohei Ohtani's interpreter made bets. The investigation found that Ippei Mizuhara stole $16 million from Ohtani and lost $40 million gambling.
The NCAA president has recently <a href="https://www.benzinga.com/general/gaming/24/04/38170136/prop-betting-on-college-athletes-is-enormously-problematic-ncaa-president-says-is-that-really-what">spoken out about</a> player props for college basketball players and how they should be banned. The comments came as multiple players reported harassment and threats made over missing certain statistics.
Porter&#8217;s brother, Michael Porter Jr., remains in the league as a key staple of the defending NBA champions, the Denver Nuggets.
The older Porter brother expressed <a href="https://www.espn.com/nba/story/_/id/39824953/michael-porter-jr-defends-brother-jontay-amid-betting-probe">support </a>for Jontay priort to the lifetime ban. He also called into question the "dangerous vice" of people betting on player props.
"It's definitely something that has kind of taken over the sporting world – I don't know if it's a good thing or a bad thing," Porter Jr. said.
Read Next: <a href="https://www.benzinga.com/general/sports-betting/24/04/38152918/nfl-draft-2024-could-record-number-of-quarterbacks-be-taken-in-first-round">NFL Draft 2024: Could Record Number Of Quarterbacks Be Taken In First Round?</a>
Image: Shutterstock

Sports Betting

Sports

DKNG

FLUT

NBA Bans Player For Life After Betting On Games: How A Potential Fake Illness Almost Won $1 Million

FuelCell Energy's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCEL#NYSE">FCEL</a>) short percent of float has fallen 6.14% since its last report. The company recently reported that it has 88.75 million shares sold short, which is 19.71% of all regular shares that are available for trading. Based on its trading volume, it would take traders 8.89 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>FuelCell Energy Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1713466828_0_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for FuelCell Energy has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing FuelCell Energy's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, FuelCell Energy's peer group average for short interest as a percentage of float is 12.69%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

FCEL

Looking Into FuelCell Energy's Recent Short Interest

In the latest quarter, 4 analysts provided ratings for Crown Castle (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCI#NYSE">CCI</a>), showcasing a mix of bullish and bearish perspectives.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts have recently evaluated Crown Castle and provided 12-month price targets. The average target is $113.75, accompanied by a high estimate of $123.00 and a low estimate of $105.00. A 1.3% drop is evident in the current average compared to the previous average price target of $115.25. 
<img src="https://www.benzinga.com/files/images/story/2024/1713466828_0.png" alt="price target chart" />
<h2>Analyzing Analyst Ratings: A Detailed Breakdown</h2>
The standing of Crown Castle among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Jonathan Petersen</td>
<td>Jefferies</td>
<td>Lowers</td>
<td>Buy</td>
<td>$123.00</td>
<td>$126.00</td>
</tr>
<tr>
<td>Ari Klein</td>
<td>BMO Capital</td>
<td>Lowers</td>
<td>Market Perform</td>
<td>$105.00</td>
<td>$110.00</td>
</tr>
<tr>
<td>Maher Yaghi</td>
<td>Scotiabank</td>
<td>Lowers</td>
<td>Sector Perform</td>
<td>$118.00</td>
<td>$133.00</td>
</tr>
<tr>
<td>Jonathan Atkin</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Sector Perform</td>
<td>$109.00</td>
<td>$92.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Crown Castle. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Crown Castle compared to the broader market.</li>
<li>Price Targets: Analysts provide insights into price targets, offering estimates for the future value of Crown Castle's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
To gain a panoramic view of Crown Castle's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/CCI/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Crown Castle analyst ratings.</a>
<h2>About Crown Castle</h2>
Crown Castle International owns and leases roughly 40,000 cell towers in the United States. It also owns more than 85,000 route miles of fiber. It leases space on its towers to wireless service providers, which install equipment on the towers to support their wireless networks. The company's fiber is primarily leased by wireless service providers to set up small-cell network infrastructure and by enterprises for their internal connection needs. Crown Castle's towers and fiber are predominantly located in the largest U.S. cities. The company has a very concentrated customer base, with about 75% of its revenue coming from the big three U.S. mobile carriers. Crown Castle operates as a real estate investment trust.
<h3>Key Indicators: Crown Castle's Financial Health</h3>
Market Capitalization Analysis: The company's market capitalization is above the industry average, indicating that it is relatively larger in size compared to peers. This may suggest a higher level of investor confidence and market recognition.
Decline in Revenue: Over the 3 months period, Crown Castle faced challenges, resulting in a decline of approximately -5.1% in revenue growth as of 31 December, 2023. This signifies a reduction in the company's top-line earnings. When compared to others in the Real Estate sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: The company's net margin is below industry benchmarks, signaling potential difficulties in achieving strong profitability. With a net margin of 21.68%, the company may need to address challenges in effective cost control.
Return on Equity (ROE): Crown Castle's ROE stands out, surpassing industry averages. With an impressive ROE of 5.56%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of 0.94%, the company may need to address challenges in generating satisfactory returns from its assets.
Debt Management: Crown Castle's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 4.52.
<h2>What Are Analyst Ratings?</h2>
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

The Analyst Landscape: 4 Takes On Crown Castle

WEX's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WEX#NYSE">WEX</a>) short percent of float has risen 5.67% since its last report. The company recently reported that it has 843 thousand shares sold short, which is 2.05% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.68 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>WEX Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1713466823_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for WEX has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing WEX's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, WEX's peer group average for short interest as a percentage of float is 5.04%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Peering Into WEX's Recent Short Interest

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<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
We&rsquo;re starting Wednesday with a breakdown of the biggest pre-market stock movers traders will want to keep an eye on this morning!



Moving stocks are earnings reports, share offerings and more.



Let&rsquo;s get into that news down below!



<h2>Biggest Pre-Market Stock Movers: 10 Top Gainers</h2>



<ol><li>NKGen Biotech (NASDAQ:<a href="https://investorplace.com/stock-quotes/nkgn-stock-quote/">NKGN</a>) stock is rocketing more than 65% alongside heavy pre-market trading.</li>



<li>Infobird (NASDAQ:<a href="https://investorplace.com/stock-quotes/ifbd-stock-quote/">IFBD</a>) shares are soaring close to 53% with strong early morning trading.</li>



<li>Airship AI (NASDAQ:<a href="https://investorplace.com/stock-quotes/aisp-stock-quote/">AISP</a>) stock is surging over 35% as shares continue to rally on <a href="https://investorplace.com/2024/03/why-is-airship-ai-aisp-stock-up-113-today/">a government contract</a>.</li>



<li>Marpai (NASDAQ:<a href="https://investorplace.com/stock-quotes/mrai-stock-quote/">MRAI</a>) shares are rising more than 26% alongside a <a href="https://www.nasdaq.com/press-release/marpai-announces-off-cycle-new-client-agreement-2024-03-05">new client agreement</a> and its <a href="https://www.nasdaq.com/press-release/marpai-announces-preliminary-unaudited-financial-results-for-fourth-quarter-and-full">latest earnings report</a>.</li>



<li>WiSA Technologies (NASDAQ:<a href="https://investorplace.com/stock-quotes/wisa-stock-quote/">WISA</a>) stock is gaining over 23% with incredibly heavy trading this morning.</li>



<li>CrowdStrike (NASDAQ:<a href="https://investorplace.com/stock-quotes/crwd-stock-quote/">CRWD</a>) shares are increasing more than 23% after <a href="https://www.cnbc.com/2024/03/05/crowdstrike-shares-pop-on-earnings-beat-strong-full-year-guidance.html">beating estimates for Q4</a>.</li>



<li>Enviva (NYSE:<a href="https://investorplace.com/stock-quotes/eva-stock-quote/">EVA</a>) stock is climbing over 23% after getting an <a href="https://www.wsj.com/livecoverage/stock-market-today-dow-jones-03-05-2024/card/enviva-s-stock-rises-after-wood-pellet-exporter-gets-another-week-to-make-bond-payment-H51FvDBhD6lXwj9xfzsN">extension on a bond payment</a>.</li>



<li>Alector (NASDAQ:<a href="https://investorplace.com/stock-quotes/alec-stock-quote/">ALEC</a>) shares are jumping more than 18% this morning.</li>



<li>Valkyrie Bitcoin Futures Leveraged Strategy ETF (NASDAQ:<a href="https://investorplace.com/stock-quotes/btfx-stock-quote/">BTFX</a>) shares are heading over 17% higher as Bitcoin (<a href="https://investorplace.com/cryptocurrency/btc-usd/">BTC-USD</a>) continues to rally.</li>



<li>Paymentus (NYSE:<a href="https://investorplace.com/stock-quotes/pay-stock-quote/">PAY</a>) stock is up 17% with <a href="https://finance.yahoo.com/news/paymentus-pay-q4-earnings-revenues-222004450.html">an earnings beat</a>.</li>
</ol><h2>Top 10 Losers</h2>



<ol><li>Entravision Communications (NYSE:<a href="https://investorplace.com/stock-quotes/evc-stock-quote/">EVC</a>) stock is crashing more than 47% with the <a href="https://finance.yahoo.com/news/entravision-communications-corporation-reports-fourth-211500082.html">release of its latest earnings report</a>.</li>



<li>Heart Test Laboratories (NASDAQ:<a href="https://investorplace.com/stock-quotes/hscs-stock-quote/">HSCS</a>) shares are diving over 22% after announcing a <a href="https://app.quotemedia.com/data/downloadFiling?webmasterId=90423&amp;ref=318135481&amp;type=PDF&amp;symbol=HSCS&amp;cdn=934779c04ec70f88b6df968b1def4660&amp;companyName=Heart+Test+Laboratories+Inc.&amp;formType=S-1&amp;formDescription=Registration+statement+under+Securities+Act+of+1933&amp;dateFiled=2024-03-05">proposed public offering</a>.</li>



<li>Jaguar Health (NASDAQ:<a href="https://investorplace.com/stock-quotes/jagx-stock-quote/">JAGX</a>) stock is tumbling more than 17% after <a href="https://app.quotemedia.com/data/downloadFiling?webmasterId=90423&amp;ref=318132272&amp;type=PDF&amp;symbol=JAGX&amp;cdn=9fb91fcc84b38a43903ca0e3e38de554&amp;companyName=Jaguar+Health+Inc.&amp;formType=PRE+14A&amp;formDescription=Preliminary+proxy+statement+providing+notification+matters+to+be+brought+to+a+vote&amp;dateFiled=2024-03-05">revealing a vote for a reverse stock split</a>.</li>



<li>Affimed (NASDAQ:<a href="https://investorplace.com/stock-quotes/afmd-stock-quote/">AFMD</a>) shares are taking an over 16% beating after announcing a <a href="https://www.globenewswire.com/news-release/2024/03/06/2841214/0/en/Affimed-Announces-1-for-10-Reverse-Stock-Split.html">one-for-10 reverse stock split</a>.</li>



<li>Thor Industries (NYSE:<a href="https://investorplace.com/stock-quotes/tho-stock-quote/">THO</a>) stock is sliding more than 14% after <a href="https://www.nasdaq.com/press-release/thor-industries-announces-second-quarter-fiscal-2024-results-2024-03-06">warning of weak RV demand</a>.</li>



<li>Sophia Genetics (NASDAQ:<a href="https://investorplace.com/stock-quotes/soph-stock-quote/">SOPH</a>) shares are decreasing over 14% alongside its <a href="https://www.nasdaq.com/press-release/sophia-genetics-reports-fourth-quarter-and-full-year-2023-results-2024-03-05">latest earnings report</a>.</li>



<li>BeyondSpring (NASDAQ:<a href="https://investorplace.com/stock-quotes/bysi-stock-quote/">BYSI</a>) stock is dropping more than 12% on Wednesday morning.</li>



<li>Zhongchao (NASDAQ:<a href="https://investorplace.com/stock-quotes/zcmd-stock-quote/">ZCMD</a>) shares are retreating over 12% <a href="https://investorplace.com/2024/03/why-is-zhongchao-zcmd-stock-up-15-today/">after a rally yesterday</a>.</li>



<li>Datasea (NASDAQ:<a href="https://investorplace.com/stock-quotes/dtss-stock-quote/">DTSS</a>) stock is slipping nearly 12% following a <a href="https://www.nasdaq.com/press-release/datasea-expects-approximately-1128-revenue-growth-in-2024-2024-03-05">rally on Tuesday</a>.</li>



<li>Momentus (NASDAQ:<a href="https://investorplace.com/stock-quotes/mnts-stock-quote/">MNTS</a>) shares close out our pre-market stock movers down more than 11% after announcing a <a href="https://finance.yahoo.com/news/momentus-announces-4-0-million-125900295.html">registered direct offering yesterday</a>.</li>
</ol>On the date of publication, William White&nbsp;did not have (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
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