Beam Glb (NASDAQ:BEEM) Stock, Quote.Headers.trade-ideas

Beam Glb

Beam Global produces sustainable technology for electric vehicle (EV) charging, outdoor media, and energy security, without the construction, disruption, and costs of grid-tied solutions. Its products are founded upon its patented EV ARC and Solar Treelines and include BeamTrak patented solar tracking, and ARC Technology energy storage, along with EV charging, outdoor media, and disaster preparedness packages. From start to finish, the company develops, patents, designs, engineers, and manufactures renewably energized products that help the environment, empower communities, and keep people moving.

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Why Helen of Troy Shares Are Trading Lower By Around 30%? Here Are Other Stocks Moving In Tuesday&#39;s Mid-Day Session

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Major U.S. indices had a mixed day on Monday. The Dow Jones Industrial Average dropped nearly 0.1% to 39,344.79.

Nvidia, Intel, Lucid Group, Beam Global, Tesla: Why These 5 Stocks Are On Investors&#39; Radars Today

Beam Global

TD Cowen analyst Oliver Chen maintains Costco Wholesale (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COST#NASDAQ">COST</a>) with a Buy and raises the price target from $975 to $1090.

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COST

TD Cowen Maintains Buy on Costco Wholesale, Raises Price Target to $1090

On Thursday, Repare Therapeutics Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RPTX#NASDAQ">RPTX</a>) revealed data from its MYTHIC Phase 1 gynecologic expansion trial evaluating the combination of lunresertib and camonsertib (Lunre+Camo) for endometrial cancer and platinum-resistant ovarian cancer (PROC) harboring <a target="_blank" href="https://www.benzinga.com/pressreleases/24/12/b42472344/repare-therapeutics-announces-positive-results-of-the-lunresertib-and-camonsertib-combination-from" rel="noreferrer noopener">lunre-sensitizing biomarkers</a>.
As of the data cut-off date of November 14, 51 evaluable patients were enrolled in the gynecologic cancer expansion cohort of the MYTHIC trial.
Across all tumor types treated at the optimized RP2D (n=67), Lunre+Camo therapy showed a favorable and differentiated tolerability profile compared to current and emerging therapies.
The most common adverse event was anemia (26.9%, Grade 3).
Key Cohort Clinical Findings
Key efficacy outcomes from 27 evaluable patients with endometrial cancer show:
<ul>
<li>Overall response rate was 25.9% (confirmed ORR in 5 out of 7 patients).</li>
<li>Clinical benefit was observed in 48.1% of patients, with responses frequently occurring after 12 weeks or more.</li>
<li>At the 24-week landmark analysis, nearly half of patients experienced durable clinical benefit (24-week PFS [PFS24w] = 43%.</li>
</ul>
Key efficacy outcomes in 24 evaluable Platinum-Resistant Ovarian Cancer patients show:
<ul>
<li>Overall response rate was 37.5% (confirmed ORR in 4 out of 9 patients).</li>
<li>Clinical benefit was observed in 79% of patients.</li>
<li>PFS at the 24-week landmark analysis was PFS24w = 45%.</li>
</ul>
Repare has consulted with the FDA and the European Medicines Agency, who have guided the company&#8217;s registrational development plans for Lunre+Camo in gynecologic tumors.
Repare plans to provide the final Phase 3 trial protocols for regulatory clearance imminently and intends to start the first Phase 3 Lunre+Camo trial in endometrial cancer in the second half of 2025.
Additionally, the company expects to initiate a small contribution of components trial in up to 40 patients with endometrial cancer in the first quarter of 2025.
Price Action: RPTX stock is down 52.4% at $1.89 at last check Friday.
Read Next:
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<li><a href="https://www.benzinga.com/24/12/42469841/cf-industries-50m-quarterly-ebitda-potential-from-carbon-capture-credits-starting-q4-2025-analyst-says" target="_blank" rel="noreferrer noopener">CF Industries Carbon Capture Credits EBITDA Potential Could Be As High As $50 Million: Analyst</a></li>
</ul>
Photo via Shutterstock.

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RPTX

Why Is Repare Therapeutics Stock Trading Lower On Friday?

TD Cowen analyst Jason Seidl maintains C.H. Robinson Worldwide (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHRW#NASDAQ">CHRW</a>) with a Hold and raises the price target from $113 to $119.

CHRW

TD Cowen Maintains Hold on C.H. Robinson Worldwide, Raises Price Target to $119

Deutsche Bank analyst Edison Yu maintains Archer Aviation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACHR#NYSE">ACHR</a>) with a Buy and raises the price target from $11 to $15.

ACHR

Deutsche Bank Maintains Buy on Archer Aviation, Raises Price Target to $15

TD Cowen analyst Matthew Ramsay maintains Broadcom (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) with a Buy and raises the price target from $210 to $240.

AVGO

TD Cowen Maintains Buy on Broadcom, Raises Price Target to $240

Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) skyrocketed more than 20% during Friday morning trading, hitting all-time highs after its fiscal fourth-quarter earnings blew <a href="https://www.benzinga.com/24/12/42480891/broadcom-reports-four-fold-increase-in-ai-chips-revenue-expects-continued-momentum-boasts-of-cost-reduction-in-vmware-after-acquisition-heres-what-happened">past Wall Street estimates. </a>
The semiconductor giant's growth narrative is now turbocharged by a massive artificial intelligence (AI) opportunity, with analysts projecting a multibillion-dollar windfall in the years ahead.
The stock&#8217;s surge catapulted Broadcom into the exclusive trillion-dollar market cap club, placing it as the eighth-largest publicly traded company, just behind Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>). 
For context, the trillion-dollar elite is rarefied territory, shared only by the &#8220;Magnificent Seven&#8221; tech giants. 
<h2 class="wp-block-heading">Is Broadcom The Eighth Magnificent Tech Stock?</h2>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Name</td>
<td>Market Cap</td>
</tr>
<tr>
<td>Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>)</td>
<td>$ 3.73 trillion</td>
</tr>
<tr>
<td>Microsoft Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NYSE">MSFT</a>)</td>
<td>$ 3.33 trillion</td>
</tr>
<tr>
<td>NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)</td>
<td>$ 3.31 trillion</td>
</tr>
<tr>
<td>Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>)</td>
<td>$ 2.39 trillion</td>
</tr>
<tr>
<td>Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>)</td>
<td>$ 2.35 trillion</td>
</tr>
<tr>
<td>Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>)</td>
<td>$ 1.57 trillion</td>
</tr>
<tr>
<td>Tesla, Inc.</td>
<td>$ 1.37 trillion</td>
</tr>
<tr>
<td>Broadcom Inc.</td>
<td>$ 1.02 trillion</td>
</tr>
</tbody>
</table>
</figure>
<h2 class="wp-block-heading">December To Remember: Broadcom Eyes Record Month Since IPO</h2>
With Friday&#8217;s spike, Broadcom's stock has already rallied 33% in December, marking its strongest monthly performance since going public in 2009. 
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="475" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/13112116/image-118-1024x475.png" alt="" class="wp-image-691759" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/13112116/image-118-1024x475.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/13112116/image-118-300x139.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/13112116/image-118-768x356.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/13112116/image-118-1536x713.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/13112116/image-118.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
The semiconductor heavyweight has now climbed an impressive 95% year-to-date, securing the title of the 10th-best-performing stock in the S&amp;P 500 for 2024 thus far.
When considering combined returns for 2023 and 2024, Broadcom ranks seventh in the benchmark index. 
Read Also: <a href="https://www.benzinga.com/24/12/42484676/nvidia-amd-taiwan-semi-and-other-chip-stocks-gain-as-broadcoms-q4-sparks-sector-wide-surge">Nvidia, AMD, Taiwan Semi Gain As Broadcom&#8217;s Q4 Performance Sparks Sector-Wide Surge</a>
<figure class="wp-block-table is-style-stripes"> 
<table>
<thead>
<tr>
<th>Name</th>
<th>Price Chg. % (YTD 2024)</th>
<th>Total Return (2023)</th>
<th>Combined Gains</th>
</tr>
</thead>
<tbody>
<tr>
<td>Palantir Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>)</td>
<td>325.31%</td>
<td>167.45%</td>
<td>1,112.89%</td>
</tr>
<tr>
<td>NVIDIA Corporation</td>
<td>173.24%</td>
<td>239.02%</td>
<td>639.72%</td>
</tr>
<tr>
<td>Vistra Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VST#NYSE">VST</a>)</td>
<td>279.37%</td>
<td>70.73%</td>
<td>508.67%</td>
</tr>
<tr>
<td>Meta Platforms, Inc.</td>
<td>75.99%</td>
<td>194.13%</td>
<td>341.37%</td>
</tr>
<tr>
<td>Royal Caribbean Cruises Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RCL#NYSE">RCL</a>)</td>
<td>88.63%</td>
<td>161.97%</td>
<td>371.64%</td>
</tr>
<tr>
<td>Super Micro Computer, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NYSE">SMCI</a>)</td>
<td>26.46%</td>
<td>246.24%</td>
<td>324.29%</td>
</tr>
<tr>
<td>Broadcom Inc. </td>
<td>94.99%</td>
<td>104.18%</td>
<td>296.19%</td>
</tr>
<tr>
<td>Axon Enterprise, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AXON#NASDAQ">AXON</a>)</td>
<td>147.91%</td>
<td>55.69%</td>
<td>289.91%</td>
</tr>
<tr>
<td>Fair Isaac Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FICO#NYSE">FICO</a>)</td>
<td>88.05%</td>
<td>94.46%</td>
<td>292.80%</td>
</tr>
<tr>
<td>Arista Networks Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ANET#NYSE">ANET</a>)</td>
<td>87.89%</td>
<td>94.07%</td>
<td>291.65%</td>
</tr>
</tbody>
</table>
</figure>
<h3 class="wp-block-heading">Why Analysts Love Broadcom</h3>
Bank of America&#8217;s analyst Vivek Arya reiterated a &#8220;Buy&#8221; rating on Broadcom following the quarterly report, boosting the 12-month price target from $215 to $250 and hinting at a potential 15% upside from current levels.
Arya&#8217;s optimism stems from three main drivers:
<ol>
<li>AI&#8217;s Expanding Footprint: Broadcom&#8217;s custom AI chips (ASICs) now serve five major customers, up from three previously. The company's AI-related revenue could soar to a served available market of $60–$90 billion by 2027—up from an estimated $15–$20 billion in 2023.</li>
<li>Apple's Steady Demand: Broadcom is expected to maintain its strong relationship with Apple, despite prior concerns about declining content orders.</li>
<li>Robust Earnings Growth: Analysts forecast a 15% sales growth and a 20% adjusted earnings-per-share (EPS) growth trajectory through 2026, underpinned by Broadcom&#8217;s diversified portfolio spanning silicon and infrastructure software.</li>
</ol>
"Broadcom's AI-driven growth potential and diversified base position it as one of the best opportunities in the chip sector," Arya said in a note, justifying their upward revision of earnings per share in fiscal year 2025 and 2026 by 5% and 3%, respectively.
Read now: 
<ul>
<li><a href="https://www.benzinga.com/24/12/42487128/apples-2025-chip-transition-targets-new-wireless-edge-broadcom-to-retain-key-role">Apple&#8217;s 2025 Chip Transition Targets New Wireless Edge, Broadcom To Retain Key Role</a></li>
</ul>
Photo: Shutterstock

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SMCI

Broadcom Hits $1 Trillion Milestone: The Next Magnificent Tech Giant?

JP Morgan analyst Christopher Horvers reiterated the Overweight rating on Costco Wholesale Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COST#NASDAQ">COST</a>) <a target="_blank" href="https://www.benzinga.com/quote/COST/analyst-ratings" rel="noreferrer noopener">with a price forecast of $1,090.</a>
The analyst suggests that the ongoing global momentum in the business, share gains across various sectors and geographies (including e-commerce growth), and the company&#8217;s leverage to a cyclical upswing in big-ticket items (about 20% of the comp) contribute to its strong performance.
Additionally, the emerging benefits from advertising revenue make Costco&#8217;s fundamental story a challenge to the top companies covered by the analyst, including those in the consumer sector.
Per Horvers, no other major retailer has succeeded in every country it entered, and the club model ranks near autoparts, the top of the best sector in retail.
The analyst estimates Costco to report FY25 EPS of $18.24 and FY26 EPS of $19.67.
Also Read: <a target="_blank" href="https://www.benzinga.com/24/12/42484676/nvidia-amd-taiwan-semi-and-other-chip-stocks-gain-as-broadcoms-q4-sparks-sector-wide-surge" rel="noreferrer noopener">Nvidia, AMD, Taiwan Semi Gain As Broadcom&#8217;s Q4 Performance Sparks Sector-Wide Surge</a>
Morgan Stanley analyst Simeon Gutman maintained the Overweight rating on the stock, raising the price forecast to $1,150 from $950.
The analyst notes that Costco&#8217;s results have consistently been among the best in retail, with the company delivering average comp growth of about 6% and EBIT growth of around 10% over the past decade.
Gutman suggests that the company&#8217;s earnings momentum is likely to continue accelerating in the next few quarters, driven by the appeal of its value proposition to a healthy upper-income consumer, the impact of past eCommerce work on conversion rates in 2025, and the upcoming flow of membership fee increases through the P&amp;L.
It is highlighted that finding a business with Costco&#8217;s solid comp and membership growth is rare, and its relative insulation from e-commerce challenges sets its value proposition apart from other retailers. In the near term, the analyst expects incremental sales increases, and believes the company&#8217;s earnings power appears stronger despite elevated inflation.
Price Action: COST shares are trading higher by 0.98% to $998.06 at last check Friday.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/media/24/12/42482813/intel-cfo-hints-at-possible-division-split-as-company-struggles-to-recapture-moat" target="_blank" rel="noreferrer noopener">Intel CFO Hints at Possible Division Split as Company Struggles To Recapture Moat</a></li>
</ul>
Photo: Bluestork via Shutterstock.

Reiteration

Costco's Unique Retail Model And Solid Growth Stand Out In Challenging Market: Analysts

B of A Securities analyst Derik De Bruin upgrades Revvity (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RVTY#NYSE">RVTY</a>) from Neutral to Buy and announces $138 price target.

Upgrades

RVTY

B of A Securities Upgrades Revvity to Buy, Announces $138 Price Target

McKesson's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCK#NYSE">MCK</a>) short percent of float has fallen 9.26% since its last report. The company recently reported that it has 1.91 million shares sold short, which is 1.47% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.84 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>McKesson Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1734109222_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for McKesson 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 McKesson'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>, McKesson's peer group average for short interest as a percentage of float is 5.68%, 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.

Short Sellers

Short Ideas

Peering Into McKesson's Recent Short Interest

MACOM Technology Solns's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTSI#NYSE">MTSI</a>) short percent of float has fallen 12.77% since its last report. The company recently reported that it has 3.17 million shares sold short, which is 5.67% of all regular shares that are available for trading. Based on its trading volume, it would take traders 5.42 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>MACOM Technology Solns Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1734109216_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for MACOM Technology Solns 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 MACOM Technology Solns'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>, MACOM Technology Solns's peer group average for short interest as a percentage of float is 4.90%, 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.

MTSI

Looking Into MACOM Technology Solns's Recent Short Interest

Vail Resorts's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTN#NYSE">MTN</a>) short percent of float has risen 9.37% since its last report. The company recently reported that it has 1.95 million shares sold short, which is 6.89% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.05 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>Vail Resorts Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1734109210_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Vail Resorts 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 Vail Resorts'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>, Vail Resorts's peer group average for short interest as a percentage of float is 10.42%, 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.

(MTN) - Analyzing Vail Resorts's Short Interest

Benchmark analyst Mike Hickey maintains Imax (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IMAX#NYSE">IMAX</a>) with a Buy and raises the price target from $27 to $30.

IMAX

Benchmark Maintains Buy on Imax, Raises Price Target to $30

Stifel analyst Brian Chin reiterates Micron Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) with a Buy and maintains $135 price target.

Stifel Reiterates Buy on Micron Technology, Maintains $135 Price Target

Benchmark analyst Reuben Garner maintains Hillman Solns (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HLMN#NASDAQ">HLMN</a>) with a Buy and raises the price target from $13 to $16.

HLMN

Benchmark Maintains Buy on Hillman Solns, Raises Price Target to $16

Billionaire Elon Musk is facing a deadline to respond to an offer to resolve a SEC case over his buyout of Twitter, now known as X, which he bought for <a href="https://www.benzinga.com/news/23/04/31810229/elon-musk-bought-twitter-1-year-ago-a-look-back-at-whats-happened-since-and-what-could-be-next">$44 billion in 2022.</a>
What Happened: Musk recently shared a letter his lawyer Alex Spiro sent to the SEC over a reported 48-hour deadline to respond to an offer to pay a fine or face charges related to his Twitter acquisition. The letter also stated that the SEC had recently <a href="https://www.benzinga.com/tech/24/12/42479598/elon-musk-asks-gary-gensler-how-could-you-do-this-to-me-as-sec-reopens-investigation-into-neuralink">reopened an investigation</a> into Neuralink, another Musk-owned company.
The SEC has extended the original 48-hour deadline for Musk&#8217;s response to Monday, Dec. 16, according to a report from Reuters. The original settlement offer was sent on Tuesday, with Spiro requesting more time.
Musk is subject to paying a penalty of an undisclosed amount or facing charges from the SEC over the inquiry into the Twitter buyout, according to the report.
The investigation revolves around Musk selling Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) stock and increasing his stake in Twitter before he announced a leveraged buyout of the social media company in 2022.
The SEC <a href="https://www.benzinga.com/news/24/02/37061910/us-judge-orders-elon-musks-testimony-in-sec-probe-of-44b-twitter-acquisition">has been investigating </a>potential securities fraud committed by Musk in the buyout attempt.
Failure to secure a settlement agreement with Musk could lead to charges against the billionaire and a potential Wells notice, according to a <a href="https://www.cnbc.com/2024/12/13/elon-musk-says-sec-sent-settlement-demand-after-twitter-deal-probe.html">CNBC </a>report.
"Oh Gary, how could you do this to me?" Musk said when sharing the post, in reference to SEC Chairman Gary Gensler.
Musk's lawyer Spiro said that they would not be intimidated by the SEC in the settlement attempt.
Are you buying when the CEOs of the Magnificent 7 are selling?
<ul>
<li>Stay in the know with our Insider Trades page — <a href="https://www.benzinga.com/sec/insider-trades/">see when leaders like Mark Zuckerberg, Elon Musk, and Jensen Huang are offloading their own shares.</a></li>
</ul>
Why It's Important: Musk <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42469967/elon-musk-vivek-ramaswamy-slam-sec-just-another-weaponized-institution">has clashed with the SEC</a> many times over the years, with the latest letter from Spiro responding to the investigation into the Twitter buyout and also stating a case against Neuralink had been reopened.
"This demand follows a multi-year investigation and more than six years of harassment of Mr. Musk by the Commission and its Staff," Spiro writes.
Spiro questioned in the letter whether the "campaign against Mr. Musk" and his companies was directed by the White House or the SEC.
In 2018, the SEC accused Musk of securities fraud related to a tweet in which he said he had "funding secured" to take Tesla private at $420 per share. The takeover offer never occurred. Musk and Tesla each paid $20 million in fines as part of a settlement.
Musk endorsed Donald Trump in the 2024 election, supported him financially and helped campaign in swing state Pennsylvania for him.
SEC Chairman Gensler announced <a href="https://www.benzinga.com/government/regulations/24/11/42120607/gary-gensler-to-step-down-as-sec-chair-on-trumps-inauguration-day">he would step down</a> in January as Trump is inaugurated. Gensler was expected to be fired by Trump.
Musk has been announced to lead the Department of Government Efficiency by Trump, a position that will look to cut government spending and could have a say in new regulations.
The SEC could be looking to wrap up cases against Musk ahead of the January inauguration, with the new administration less likely to continue cases against the billionaire and Trump ally.
TSLA Price Action: Tesla stock is up 2% to $426.52 on Friday versus a 52-week trading range of $138.80 to $431.60. The stock is up 72% year-to-date, posting significant gains since the 2024 election.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/management/24/12/42444955/elon-musk-first-person-worth-400-billion-as-tesla-stock-hits-new-all-time-highs-how-2024-election-helped-could-lead-to-future-gains">Elon Musk First Person Worth $400 Billion As Tesla Stock Hits New All-Time Highs: How 2024 Election Helped, Could Lead To Future Gains</a></li>
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Photo via Shutterstock.

Government

Regulations

Social Media

Elon Musk Faces Deadline To Settle With SEC Over Twitter Buyout: Lawyer Alleges 'Years Of Harassment'

HC Wainwright &amp; Co. analyst Joseph Pantginis reiterates XOMA Royalty (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XOMA#NASDAQ">XOMA</a>) with a Buy and maintains $123 price target.

XOMA

HC Wainwright & Co. Reiterates Buy on XOMA Royalty, Maintains $123 Price Target

NTCL

Trading Halt: Halt status updated at 11:50:00 AM ET: Quotation Resumption: IPO Security - Released for Quotation

TaskUs, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TASK#NASDAQ">TASK</a>) shares were <a href="https://www.benzinga.com/quote/TASK">climbing on Friday</a>.
The company is an "underappreciated beneficiary of AI investment," with exposure to key customers Meta Platforms and Open AI, according to Morgan Stanley.
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5845b510ee7bf6000154d079/james-faucette">Analyst </a><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5845b510ee7bf6000154d079/james-faucette">James Faucette</a> upgraded the rating for TaskUs from Equal-Weight to Overweight, while raising the price target from $18 to $21.
The TaskUs Thesis: Given its strong execution, the company is likely to continue increasing wallet share with Meta Platforms, "which should accelerate growth in AI Services," Faucette said in the upgrade note.
Check out <a href="https://www.benzinga.com/analyst-stock-ratings">other analyst stock ratings</a>.
The market for data labeling and annotation services, which help improve the performance of LLMs (large language models) in Gen AI applications, has "meaningfully expanded," with the expansion of Gen AI adoption by enterprise clients, the analyst stated.
TaskUs has "a first-mover advantage" in the data labeling market, which positions it to "capture incremental market share," he added.
"Industry-leading margins reinforce TASK&#8217;s competitive moat and we think investors will reward accelerating top-line growth," Faucette further wrote.
TASK Price Action: Shares of TaskUs had risen by 12.74% to $18.01 at the time of publication on Friday.
Read More: • <a href="https://www.benzinga.com/24/11/42156373/marc-benioff-warns-were-near-the-upper-limits-of-llms-the-future-of-ai-lies-in-autonomous-agents-not-bots-like-chatgpt">Marc Benioff Says Future Of AI Not In Bots Like ChatGPT But In Autonomous Agents: We Aren&#8217;t At The Moment Seen In Those &#8216;Crazy&#8217; Movies</a>
Photo: Shutterstock

Long Ideas

TASK

TaskUs An 'Underappreciated Beneficiary Of AI Investment,' Says Analyst, Has Meta Platforms As Key Client

Spotify Technology (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>) has outperformed the market over the past 5 years by 12.18% on an annualized basis producing an average annual return of 25.75%. Currently, Spotify Technology has a market capitalization of $95.68 billion. 
Buying $100 In SPOT: If an investor had bought $100 of SPOT stock 5 years ago, it would be worth $315.99 today based on a price of $476.45 for SPOT at the time of writing.
<h3>Spotify Technology's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1734108325_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.

SPOT

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

Boeing's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) short percent of float has fallen 7.95% since its last report. The company recently reported that it has 20.79 million shares sold short, which is 2.78% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.26 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>Boeing Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1734108321_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Boeing 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 Boeing'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>, Boeing's peer group average for short interest as a percentage of float is 3.22%, 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.

Looking Into Boeing's Recent Short Interest

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