Latest news for BlackRock Future Health ETF (ARCA:BMED) 

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iShares Trust S&P Global Healthcare Sector Index Fund

iShares Trust Dow Jones US Healthcare Sector Index Fund

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According to the Global Data report, the pharma sector in Q3 2023 witnessed deals worth $28 billion, down 28% from the $54 billion recorded in Q2 2023. 

Upward Trajectory For Biotech/Pharma M&amp;A: Sector Trends Towards Pre-Pandemic Levels, Forecasts Positive For 2024

BlackRock Future Health ETF

Investors in Civitas Resources, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/civi#NYSE">CIVI</a>) need to pay close attention to the stock based on moves in the options market lately. That is because the Jul 19, 2024 $40.00 Call had some of the highest implied volatility of all equity options today.
<h3>What is Implied Volatility?</h3>
Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event coming up soon that may cause a big rally or a huge sell-off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy.
<h3>What do the Analysts Think?</h3>
Clearly, options traders are pricing in a big move for Civitas shares, but what is the fundamental picture for the company? Currently, Civitas is a Zacks Rank #3 (Hold) in the Oil and Gas - Exploration and Production - United States industry that ranks in the Top 31% of our Zacks Industry Rank. Over the last 60 days, four analysts have increased their earnings estimates for the current quarter, while two have dropped their estimates. The net effect has taken our Zacks Consensus Estimate for the current quarter from $2.74 per share to $2.90 in that period.
Given the way analysts feel about Civitas right now, this huge implied volatility could mean there&#39;s a trade developing. Oftentimes, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected.
<a href="https://www.zacks.com/stock/news/2289086/implied-volatility-surging-for-civitas-civi-stock-options?cid=CS-BENZ-FT-tale_of_the_tape|options-2289086">To read this article on Zacks.com click here.</a>

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Implied Volatility Surging for Civitas Stock Options

GameStop CEO Ryan Cohen Emphasizes Focus on Profitability and Avoiding Hype During Brief Remarks at Shareholder Meeting

Shares of Brighthouse Financial Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BHF#NASDAQ">BHF</a>) remained <a href="https://www.benzinga.com/quote/BHF">highly volatile in early trading on Monday</a>.
The stock has lost 23% year to date on weaker capital generation and uncertainties around the ongoing free cash flow trends, according to Keefe, Bruyette &amp; Woods.
The Brighthouse Financial Analyst: Ryan Krueger upgraded the rating for Brighthouse Financial from Underperform to Market Perform, while trimming the price target from $48 to $47.
The Brighthouse Financial Thesis: Although there are no major catalysts for the stock ahead, the company is making gradual progress in improving its business mix, Krueger said in the upgrade note.
Check out <a href="https://www.benzinga.com/analyst-stock-ratings">other analyst stock ratings</a>.
Brighthouse Financial has also "strengthened legacy variable annuity hedging in recent years," the analyst wrote. The company's capital position remains solid, with a risk-based capital ratio of 415%-435% versus its target of 400%+, "and $1.3b of holdco liquidity relative to $250m of annual fixed charges," he added.
Referring to investor concerns around Brighthouse Financial's free cash flows, Krueger said that the stock is "now trading at a more reasonable 2025E free cash flow yield of 13%."
BHF Price Action: Shares of Brighthouse Financial had risen by 1.5% to $41.65 at the time of publication on Monday.
Now Read: <a href="https://www.benzinga.com/news/24/06/39360337/heat-wave-hits-us-10-stocks-to-watch-during-junes-sweltering-temperatures">Heat Wave Hits US: 10 Stocks To Watch During June&#8217;s Sweltering Temperatures</a>
Photo: Shutterstock

Analyst Color

Downgrades

MetLife-Spinoff Brighthouse Financial Impresses Analyst With Business Mix Improvements

WIIM

GameStop shares are trading lower as the company holds its annual meeting.

Goldman Sachs analyst Paul Choi maintains Gossamer Bio (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOSS#NASDAQ">GOSS</a>) with a Buy and maintains $8 price target.

Price Target

GOSS

Goldman Sachs Maintains Buy on Gossamer Bio, Maintains $8 Price Target

B of A Securities analyst Ken Hoexter maintains Kirby (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KEX#NYSE">KEX</a>) with a Buy and raises the price target from $131 to $138.

B of A Securities Maintains Buy on Kirby, Raises Price Target to $138

GameStop CEO Anticipates Smaller Number Of Stores

B of A Securities analyst Mario Pierry maintains XP (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XP#NASDAQ">XP</a>) with a Buy and lowers the price target from $31 to $25.

B of A Securities Maintains Buy on XP, Lowers Price Target to $25

Leading fast food chain McDonald's Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCD#NYSE">MCD</a>) is ending a drive-thru test that utilized <a href="https://www.benzinga.com/topic/artificial-intelligence">artificial intelligence technology.</a>
What Happened: With the growth in artificial intelligence use cases, the restaurant sector is looking for ways it can use the technology to boost productivity, <a href="https://www.benzinga.com/news/23/08/33557610/wendys-is-the-latest-fast-food-company-to-adopt-artificial-intelligence-in-their-stores-as-restauran">help with job shortages </a>and improve the customer experience.
Customers who order fast food often want it quick, with the right items and at the proper temperature. Upset customers who have experienced trouble with correct orders from the drive-thru may find out that AI couldn't get their order correct.
McDonald's is ending a test of AI in its drive-thrus, according to a <a href="https://www.restaurantbusinessonline.com/technology/mcdonalds-ending-its-drive-thru-ai-test">report </a>from Restaurant Business. The partnership with International Business Machines (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>) used AI to test automated order-taking at more than 100 locations.
The report said McDonald's did not explain why it was ending the test and emailed franchisees last week.
"While there have been successes to date, we feel there is an opportunity to explore voice ordering solutions more broadly," McDonald's USA Chief Restaurant Officer Mason Smoot said in the email viewed by Restaurant Business. "After a thoughtful review, McDonald's has decided to end our current partnership with IBM on AOT and the technology will be shut off in all restaurants currently testing it no later than July 26, 2024."
McDonald's may not be done with future AI use cases in its drive-thrus with Smoot saying the company would look to make "an informed decision on a future voice ordering solution by the end of the year."
The restaurant company has been testing AI drive-thru voice technology since 2021, according to the report.
McDonald's told Restaurant Business the goal of the drive-thru tests was to see if automated voice ordering could help speed up service.
Related Link: <a href="https://www.benzinga.com/news/24/04/38083611/ai-gunning-for-fast-food-jobs-next-kfc-taco-bell-operator-yum-brands-planning-chatgpt-like-bots-to-b">AI Gunning For Fast Food Jobs Next? KFC, Taco Bell Operator Yum Brands Planning ChatGPT-Like Bots To Boost Operations</a>
What's Next: The restaurant company said IBM will remain a "trusted partner" with several products from the technology giant utilized in its global systems.
"As we move forward, our work with IBM has given us the confidence that a voice-ordering solution for drive-thru will be part of our restaurants' future," McDonald's said. "We see tremendous opportunity in advancing our restaurant technology."
IBM said it is talking to other fast food companies about the potential use of the drive-thru technology.
"This technology is proven to have some of the most comprehensive capabilities in the industry, fast and accurate in some of the most demanding conditions," IBM said in a statement.
McDonald's is not the only company that had been testing or using drive-thru AI technology. Restaurant Business names Checkers, Hardee's, Carl's Jr., Wendy's, Dunkin&#8217; and Taco Johns as companies that are using or testing AI technology in drive-thrus.
The Verge <a href="https://www.theverge.com/2024/6/16/24179679/mcdonalds-ending-ai-chatbot-drive-thru-ordering-test-ibm">reported </a>that White Castle was testing AI technology from publicly traded SoundHound AI Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOUN#NASDAQ">SOUN</a>).
McDonald's <a href="https://www.benzinga.com/news/23/12/36130258/mcdonalds-joins-forces-with-google-to-cook-up-ai-powered-food-service">announced a deal</a> with 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>) owned Google in December for a chatbot named "Ask Pickles." The technology was expected to help with hardware and software enhancements to improve operations.
Google also partnered with Wendy's on drive-thru AI technology.
McDonad's doesn't appear to be shying away from using AI in its drive-thrus, but perhaps looking for a new partner like Google. Future details could point to why McDonald's moved on from IBM and who they chose next.
Read Next: <a href="https://www.benzinga.com/news/24/06/39319028/terminator-in-real-life-ai-godfather-warns-of-human-wipe-out-in-5-to-20-years">Terminator In Real Life? AI &#8216;Godfather&#8217; Warns Of Human &#8216;Wipe Out&#8217; In 5 To 20 Years</a>
This image was created using artificial intelligence MidJourney.

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GOOGL

SOUN

Would You Like AI With Those Fries? McDonald's Ends Drive-Thru Artificial Intelligence Test

B of A Securities analyst George Staphos maintains Packaging Corp of America (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PKG#NYSE">PKG</a>) with a Buy and raises the price target from $197 to $200.

B of A Securities Maintains Buy on Packaging Corp of America, Raises Price Target to $200

The Cannabist Company Holdings Inc. (Cboe CA: CBST) (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/CBSTF#OTCQX">CBSTF</a>) (FSE: 3LP) &#8211; formerly known as Columbia Care &#8211; announced on Monday a series of initiatives as it seeks to transform its business to improve profitability, enhance margin profile and enable cash flow generation.
<h3 class="wp-block-heading">What Happened</h3>
The company said in a press release that a planned corporate restructuring is expected to generate roughly $10 million in annual cost savings.
In addition, the Cannabist is in the process of divesting its entire asset portfolio and license in the Florida market, with LOIs for multiple transactions in place and $2.75 million of deposits in escrow.
Upon divesting these assets, including 14 retail locations, three cultivation and manufacturing facilities, and its license, the company will exit the Florida market, which represented less than 5% of total revenue in the first quarter of 2024.
The business transformation was supported by a special committee of the company's board of directors.
The cannabis business has been moving forward from its previous identity as Columbia Care for months. Jesse Channon, the company's president shed light on the company's latest strategic actions to rebrand are reshape the cannabis industry, at Benzinga's <a href="https://www.benzinga.com/markets/cannabis/24/03/37470616/evolving-cannabis-retail-the-cannabist-companys-rebranding-strategy-unveiled">cannabis event this past spring.</a>
The 19th Benzinga Cannabis Capital Conference returns to Chicago this Oct. 8-9. <a href="https://www.eventbrite.com/e/benzinga-capital-conference-cannabis-fall-2024-tickets-858948065787?aff=oddtdtcreator" target="_blank" rel="noreferrer noopener">Get your tickets now</a> before prices surge by following <a href="https://www.eventbrite.com/e/benzinga-capital-conference-cannabis-fall-2024-tickets-858948065787?aff=oddtdtcreator" target="_blank" rel="noreferrer noopener">this link</a>.
See also: <a href="https://www.benzinga.com/markets/cannabis/24/03/37657904/ny-cannabis-giant-cannabists-2023-revenue-consistent-with-prior-year-at-522m-narrows-q4-net-loss">NY Cannabis Giant Cannabist&#8217;s 2023 Revenue Consistent With Prior Year At $511M, Narrows Q4 Net Loss By 76% YoY</a>
<h3 class="wp-block-heading">Why It Matters</h3>
David Hart, CEO of The Cannabist Company, explained what he expects from this business venture.
He said the corporate restructuring is expected to "simplify our business, reduce overhead expenses, and more appropriately align with our evolving operational footprint as we exit Florida and divest assets in other underperforming markets in the coming months.
"As we have made clear since the beginning of 2024, under new leadership, The Cannabist Company will look very different by the end of this year in terms of our operational footprint, overhead expenses, and de-risked financial profile," Hart continued. "Our focus is on building a better business, positioned for profitability and long-term sustainable growth."
The New York-based company kicked off 2024 by entering into a binding agreement with certain offshore institutional investors to effect a previously announced repurchase of up to $25 million of the principal amount of the company&#8217;s 6.0% senior <a href="https://www.benzinga.com/markets/cannabis/24/01/36736986/the-cannabist-company-attacks-debt-with-repurchasing-agreement-to-reduce-leverage-by-up-to-25m">secured convertible notes&nbsp;due June 2025.</a>
<h3 class="wp-block-heading">What's Next</h3>
The final terms of the transaction(s) will be announced at a later date, upon execution of definitive documentation.
"We are decisively leaning into the markets that are best positioned for growth and strategic upside, while also monetizing underperforming and non-core assets," Hart said. "We will continue to capitalize on our strong asset base in profitable markets such as Virginia and New Jersey, and we are actively preparing for upcoming adult-use transitions in Ohio and Delaware."
<h3 class="wp-block-heading">CBSTF Price Action</h3>
Columbia Care's shares traded 3.8742% higher at $0.185 per share at the time of writing on Monday morning.
Now read: <a href="https://www.benzinga.com/markets/cannabis/24/03/37470616/evolving-cannabis-retail-the-cannabist-companys-rebranding-strategy-unveiled">Evolving Cannabis Retail: The Cannabist Company&#8217;s Rebranding Strategy Unveiled</a>

Cannabis

THE CANNABIST CO HLDG by THE CANNABIST COMPANY HOLDINGS INC.

CBSTF

New York Weed Giant The Cannabist Is Selling Its Florida Business, Here's Why

Trump Media & Technology Group shares are trading lower amid ongoing volatility.

Merck & Co Says FDA Approves Pembrolizumab With Chemotherapy For Primary Advanced Or Recurrent Endometrial Carcinoma; Recommended Pembrolizumab Dose Is 200mg Every 3 Weeks Or 400mg Every 6 Weeks Until Disease Progression Unacceptable Toxicity Or Up To 24 Months

<h3>Gainers</h3>
<ul>
<li>Aarons (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AAN#NYSE">AAN</a>) stock increased by 32.5% to $9.99 during Monday's regular session. The company's market cap stands at $306.1 million. </li>
<li>Envirotech Vehicles (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EVTV#NASDAQ">EVTV</a>) shares rose 28.78% to $1.7. The market value of their outstanding shares is at $27.5 million. </li>
<li>Xponential Fitness (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPOF#NYSE">XPOF</a>) shares increased by 26.53% to $14.26. The company's market cap stands at $450.3 million. </li>
<li>Polestar Automotive (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSNY#NASDAQ">PSNY</a>) stock moved upwards by 20.27% to $0.82. The market value of their outstanding shares is at $1.7 billion. </li>
<li>EpicQuest Education Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EEIQ#NASDAQ">EEIQ</a>) stock rose 19.04% to $1.0. The company's market cap stands at $12.3 million. </li>
<li>Fitell (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTEL#NASDAQ">FTEL</a>) shares increased by 16.26% to $23.02. The market value of their outstanding shares is at $462.7 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Kaival Brands Innovations (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KAVL#NASDAQ">KAVL</a>) shares decreased by 34.1% to $3.93 during Monday's regular session. The company's market cap stands at $11.2 million. </li>
<li>Connexa Sports Techs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YYAI#NASDAQ">YYAI</a>) shares fell 25.72% to $0.5. The market value of their outstanding shares is at $20.3 million. </li>
<li>Volcon (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VLCN#NASDAQ">VLCN</a>) shares declined by 12.9% to $4.12. The company's market cap stands at $1.2 million. </li>
<li>MOGU (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MOGU#NYSE">MOGU</a>) stock fell 12.74% to $2.66. The company's market cap stands at $21.8 million. </li>
<li>Kaixin Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KXIN#NASDAQ">KXIN</a>) stock decreased by 11.61% to $0.13. The company's market cap stands at $7.9 million. </li>
<li>Zapp Electric Vehicles (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZAPP#NASDAQ">ZAPP</a>) shares decreased by 11.06% to $1.93. The company's market cap stands at $6.0 million. 
See Also: <a href="http://www.benzinga.com/money/best-consumer-cyclical-stocks/" title="www.benzinga.com/money/best-consumer-cyclical-stocks/">www.benzinga.com/money/best-consumer-cyclical-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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KXIN

MOGU

PSNY

VLCN

XPOF

Connexa Sports Technologies Inc. - Common Stock

YYAI

ZAPP

12 Consumer Discretionary Stocks Moving In Monday's Intraday Session

<h3>Gainers</h3>
<ul>
<li>Mustang Bio (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBIO#NASDAQ">MBIO</a>) stock moved upwards by 307.9% to $0.53 during Monday's regular session. The company's market cap stands at $14.9 million. </li>
<li>Scinai Immunotherapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCNI#NASDAQ">SCNI</a>) stock moved upwards by 62.17% to $5.66. The company's market cap stands at $3.2 million. </li>
<li>ENDRA Life Sciences (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NDRA#NASDAQ">NDRA</a>) shares increased by 32.33% to $0.14. The market value of their outstanding shares is at $2.3 million. </li>
<li>Trxade Health (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MEDS#NASDAQ">MEDS</a>) stock increased by 31.87% to $8.7. The company's market cap stands at $12.2 million. </li>
<li>180 Life Sciences (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATNF#NASDAQ">ATNF</a>) stock increased by 24.11% to $1.92. The company's market cap stands at $1.8 million. </li>
<li>Mirum Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MIRM#NASDAQ">MIRM</a>) shares moved upwards by 20.79% to $31.31. The company's market cap stands at $1.4 billion. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Aerovate Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVTE#NASDAQ">AVTE</a>) shares declined by 93.4% to $1.62 during Monday's regular session. The company's market cap stands at $46.7 million. </li>
<li>Ovid Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OVID#NASDAQ">OVID</a>) stock fell 69.0% to $1.02. The market value of their outstanding shares is at $72.3 million. </li>
<li>Bluejay Diagnostics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BJDX#NASDAQ">BJDX</a>) shares declined by 24.71% to $0.38. The company's market cap stands at $1.1 million. </li>
<li>Cara Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CARA#NASDAQ">CARA</a>) stock fell 22.12% to $0.27. The company's market cap stands at $14.9 million. </li>
<li>Evaxion Biotech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EVAX#NASDAQ">EVAX</a>) stock declined by 20.81% to $2.46. The market value of their outstanding shares is at $13.2 million. </li>
<li>Atara Biotherapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATRA#NASDAQ">ATRA</a>) shares fell 20.71% to $0.41. The company's market cap stands at $48.7 million. 
See Also: <a href="http://www.benzinga.com/money/best-healthcare-stocks/" title="www.benzinga.com/money/best-healthcare-stocks/">www.benzinga.com/money/best-healthcare-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

ATNF

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BJDX

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EVAX

MBIO

MEDS

MIRM

NDRA

OVID

SCNI

12 Health Care Stocks Moving In Monday's Intraday Session

<h3>Gainers</h3>
<ul>
<li>Silynxcom (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/SYNX#AMEX">SYNX</a>) stock rose 31.7% to $3.41 during Monday's regular session. The company's market cap stands at $17.9 million. </li>
<li>Castor Maritime (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTRM#NASDAQ">CTRM</a>) stock increased by 13.51% to $4.62. The company's market cap stands at $44.6 million. </li>
<li>Alpha Pro Tech (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/APT#AMEX">APT</a>) stock moved upwards by 11.93% to $5.48. The market value of their outstanding shares is at $64.1 million. </li>
<li>EuroDry (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EDRY#NASDAQ">EDRY</a>) stock moved upwards by 10.64% to $22.35. The company's market cap stands at $62.6 million. </li>
<li>MingZhu Logistics Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YGMZ#NASDAQ">YGMZ</a>) stock moved upwards by 9.16% to $0.39. The company's market cap stands at $14.5 million. </li>
<li>Nocera (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NCRA#NASDAQ">NCRA</a>) shares increased by 9.02% to $1.16. The market value of their outstanding shares is at $15.7 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>iPower (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IPW#NASDAQ">IPW</a>) shares fell 33.6% to $2.19 during Monday's regular session. The company's market cap stands at $65.3 million. </li>
<li>Lichen China (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LICN#NASDAQ">LICN</a>) shares decreased by 15.56% to $1.14. The company's market cap stands at $43.0 million. </li>
<li>Nuvve Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVVE#NASDAQ">NVVE</a>) shares decreased by 12.26% to $0.62. The company's market cap stands at $3.8 million. </li>
<li>Shapeways Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHPW#NASDAQ">SHPW</a>) shares decreased by 12.04% to $1.06. The company's market cap stands at $7.0 million. </li>
<li>AERWINS Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AWIN#NASDAQ">AWIN</a>) shares decreased by 11.07% to $3.5. The company's market cap stands at $3.2 million. </li>
<li>Ryde Group (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/RYDE#AMEX">RYDE</a>) stock declined by 10.99% to $4.78. The market value of their outstanding shares is at $92.6 million. 
See Also: <a href="http://www.benzinga.com/money/best-industrials-stocks/" title="www.benzinga.com/money/best-industrials-stocks/">www.benzinga.com/money/best-industrials-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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YGMZ

12 Industrials Stocks Moving In Monday's Intraday Session

<h3>Gainers</h3>
<ul>
<li>Quantum (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QMCO#NASDAQ">QMCO</a>) shares rose 20.9% to $0.71 during Monday's regular session. The company's market cap stands at $68.2 million. As per the press release, Q4 earnings came out today. </li>
<li>Canaan (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAN#NASDAQ">CAN</a>) shares moved upwards by 18.38% to $1.21. The company's market cap stands at $345.4 million. </li>
<li>EMCORE (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EMKR#NASDAQ">EMKR</a>) shares moved upwards by 17.3% to $1.01. The market value of their outstanding shares is at $8.3 million. </li>
<li>Soluna Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLNH#NASDAQ">SLNH</a>) shares rose 13.95% to $4.21. The company's market cap stands at $16.4 million. </li>
<li>VirnetX Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VHC#NYSE">VHC</a>) stock moved upwards by 12.6% to $4.2. The company's market cap stands at $15.4 million. </li>
<li>Nortech Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NSYS#NASDAQ">NSYS</a>) shares moved upwards by 12.59% to $12.34. The market value of their outstanding shares is at $34.0 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Actelis Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASNS#NASDAQ">ASNS</a>) stock declined by 18.1% to $1.1 during Monday's regular session. The market value of their outstanding shares is at $3.7 million. </li>
<li>TROOPS (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TROO#NASDAQ">TROO</a>) stock fell 16.3% to $1.49. The company's market cap stands at $151.3 million. </li>
<li>Maxeon Solar Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAXN#NASDAQ">MAXN</a>) stock fell 15.5% to $1.15. The company's market cap stands at $62.8 million. </li>
<li>Spectaire Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPEC#NASDAQ">SPEC</a>) stock fell 12.8% to $0.37. The company's market cap stands at $6.9 million. </li>
<li>Intellinetics (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/INLX#AMEX">INLX</a>) stock fell 11.85% to $6.25. The company's market cap stands at $25.7 million. </li>
<li>Sobr Safe (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOBR#NASDAQ">SOBR</a>) stock fell 11.43% to $0.2. The market value of their outstanding shares is at $3.9 million. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

ASNS

EMKR

INLX

Maxeon Solar Technologies, Ltd. - Ordinary Shares

MAXN

NSYS

QMCO

SLNH

SOBR

SPEC

TROO

12 Information Technology Stocks Moving In Monday's Intraday Session

SouthState's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SSB#NYSE">SSB</a>) short percent of float has risen 5.71% since its last report. The company recently reported that it has 2.97 million shares sold short, which is 5.18% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.78 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>SouthState Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1718641867_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for SouthState 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 SouthState'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>, SouthState's peer group average for short interest as a percentage of float is 3.42%, 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.

Short Sellers

Short Ideas

How Is The Market Feeling About SouthState?

First Citizens BancShares's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCNCA#NYSE">FCNCA</a>) short percent of float has fallen 6.54% since its last report. The company recently reported that it has 231 thousand shares sold short, which is 2.0% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.12 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>First Citizens BancShares Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1718641862_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for First Citizens BancShares 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 First Citizens BancShares'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>, First Citizens BancShares's peer group average for short interest as a percentage of float is 1.47%, 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.

FCNCA

Looking Into First Citizens BancShares's Recent Short Interest

Chewy's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHWY#NYSE">CHWY</a>) short percent of float has fallen 18.71% since its last report. The company recently reported that it has 18.44 million shares sold short, which is 15.82% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.28 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>Chewy Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1718641857_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Chewy 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 Chewy'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>, Chewy's peer group average for short interest as a percentage of float is 14.21%, 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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