MicroSectors Gold Miners 3X Leveraged ETN (ARCA: GDXU)

MicroSectors Gold Miners 3X Leveraged ETN (ARCA:GDXU), Trade Ideas

News

Specialty ETFs

New ETFs

Commodities

Markets

ETFs

DUST

Market Vectors ETF Trust Market Vectors Gold Miners

MicroSectors Gold Miners -3X Inverse Leveraged ETNs

GDXD

GDXJ

MicroSectors Gold Miners 3X Leveraged ETN

GDXU

JDST

JNUG

NUGT

 

The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga.

Prior to March, traders who wanted to go long or short gold miners with 3x leverage had a number of options. 

The 3x Gold Trade Is Back

Long Ideas

Short Ideas

Trading Ideas

GOLD

The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga.

New 3X Leveraged Gold Miners ETNs Begin Trading

Sector ETFs

FNGS

FNGU

Gold is hot this year and the miners are even hotter, a scenario bringing more light to the various leveraged exchange traded products that provide access to the companies extracting gold from the earth.

New ETNs Bring Leverage, Spice To Gold Miners

Guidance

AMC Entertainment Holdings Inc Says We Anticipate That Q2 Box Office Will Continue To Be Affected By 2023 Hollywood Strikes

<ul>
<li>Collaboration with global eVTOL player EHang announced during Abu Dhabi's inaugural DRIFTx event</li>
<li>Agreement aims to promote eVTOLs to transform the way people and goods are transported</li>
<li>EHang looking to promote business activities with local partners including manufacturing, flight operations, research and development, training and MRO &nbsp;</li>
</ul>
ABU DHABI, United Arab Emirates, April 26, 2024 (GLOBE NEWSWIRE) -- EHang Holdings Limited ("EHang" or the "Company") (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EH#NASDAQ">EH</a>), the world's leading urban air mobility ("UAM") technology platform company, today announced that the Company is partnering with the leading fintech group in the MENA region Multi Level Group ("MLG") and the Abu Dhabi Investment Office ("ADIO") to drive eVTOL development in the UAE and beyond. During Abu Dhabi's inaugural DRIFTx event, a global platform to discuss and engage innovations that will shape the future of mobility, ADIO and MLG signed a trilateral agreement with EHang.
&nbsp;
EHang is looking to set up their regional headquarters in Abu Dhabi to promote business activities with local partners including manufacturing, flight operations, research and development, training and Maintenance, Repair, and Overhaul ("MRO") facilities.
ADIO will be providing EHang with a comprehensive range of growth-enabling support, including providing data and information related to establishing and operating a manufacturing and industrial services business in Abu Dhabi; setting up enablement and links with the Abu Dhabi ecosystem and international trade opportunities.
Badr Al-Olama, Director General of Abu Dhabi Investment Office (ADIO), said: "ADIO continues to work with leading global players to accelerate the adoption of smart and autonomous vehicles across air, land and sea. Our collaboration with Multi Level Group, and air mobility leaders such as EHang, will play a key role in driving Abu Dhabi's efforts in promoting eVTOLs to transform the way people and goods are transported and in advancing the future of mobility globally."
EHang (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EH#NASDAQ">EH</a>) is one of the world's leading urban air mobility (UAM) technology platform companies. It provides customers in various industries with pilotless eVTOL aircraft and unmanned aerial vehicle (UAV) systems and solutions. EHang's EH216-S has obtained the world's first type certificate, production certificate and standard airworthiness certificate for passenger-carrying pilotless eVTOL aircraft issued by the Civil Aviation Administration of China.
Mr. Abdul Jabbar Al Sayegh, Chairman of Multi Level Group (MLG) expressed enthusiasm about the groundbreaking collaboration between MLG, ADIO and global leader EHang, aimed at driving forward the future of autonomous aerial vehicles development.
He said: "This partnership marks a significant milestone in our collective efforts to revolutionise the way people and goods are transported. By joining forces with EHang, a pioneer in urban air mobility technology, and with the support of ADIO, we are poised to establish Abu Dhabi as a hub for the advancement of eVTOLs and unmanned aerial vehicles. It underscores MLG's dedication to driving forward innovation and shaping the future of mobility in the UAE and beyond."
Mr. Huazhi Hu, Founder, CEO and Chairman of EHang, said: "Abu Dhabi is at the forefront of the innovative technologies, and offers one of the best ecosystems globally for UAM solutions. We are thrilled to have MLG and ADIO as our partners to bring our eVTOLs and expand our footprint into the MENA region. EHang remains steadfast in shaping the future of air transportation and contributing to Abu Dhabi's journey towards becoming a global leader in the UAM sector."
SAVI supports the innovation and the commercialisation of smart and autonomous vehicle technologies in the UAE by providing state-of-the art facilities and value-added services within an enabling regulatory environment. The cluster is located in Abu Dhabi's Masdar City and will include R&amp;D labs. It will utilise the existing infrastructure within Abu Dhabi for testing and certification, large scale workshops, hangars and manufacturing facilities, which is connected through Abu Dhabi's global logistics network.
Supported by ADIO and SAVI, Abu Dhabi's inaugural DRIFTx is an international platform and exhibition to showcase the latest in advanced urban mobility applications across air, land, and sea. Being held from 25-26 April 2024 at Yas Marina Circuit, the event features engaging discussions, a never-before-seen display of flying taxis, driverless cars, and autonomous boats, and one-of-a-kind experiences.
 &nbsp;

Global

Multi Level Group, EHang And ADIO Seal Strategic Collaboration To Drive eVTOL Development In The UAE

Bridgewater Bancshares, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BWB#NASDAQ">BWB</a>), the parent company of Bridgewater Bank, today announced a significant milestone with the appointment of Joe Chybowski as President, effective April 26th, 2024. This strategic move, alongside pivotal leadership transitions, reaffirms Bridgewater's commitment to excellence and its vision for a dynamic future. Joe, currently serving as Chief Financial Officer, will take on the additional role of President, collaborating closely with Jerry Baack, the incumbent President &amp; Chief Executive Officer, to chart a future characterized by strategic excellence and innovation. Jerry will retain his role as Chairman of the Board and CEO.
This press release features multimedia. View the full release here: <a href="https://www.businesswire.com/news/home/20240426727100/en/">https://www.businesswire.com/news/home/20240426727100/en/</a>
&nbsp;
"Joe's exceptional leadership and strategic vision have been instrumental in Bridgewater's success," expressed Jerry Baack, Chairman and CEO. "I am thrilled to welcome him as President, and I look forward to our continued collaboration in guiding Bridgewater towards new horizons."
Joe's exemplary track record since joining Bridgewater in 2013 underscores his instrumental role in propelling Bridgewater from a $460 million bank to one of the nation's top-performing institutions with assets of $4.7 billion. Throughout Joe's tenure, he has significantly enhanced Bridgewater's financial standing through capital raises and strategic initiatives. His leadership spans corporate development, strategic operations, and business scalability initiatives. Joe also successfully guided Bridgewater through its IPO in 2018 and more recently has effectively managed Bridgewater through unique macroeconomic challenges in the banking industry. Joe's dedication to excellence and innovation has garnered recognition, including being honored with the esteemed "40 Under 40" award by the Minneapolis/St. Paul Business Journal in 2024.
In his new dual capacity, Joe will continue to ensure the integrity of Bridgewater's financial strategies while driving initiatives that foster innovation and expansion. This expanded role empowers Joe to exercise progressive influence across all facets of the organization, including contributing to strategic decision-making and corporate governance that drives Bridgewater towards its overarching goals.
In conjunction with Joe's appointment, Bridgewater announced additional strategic role transitions to fortify its leadership structure:
Mary Jayne Crocker has been appointed to the role of Executive Vice President and Chief Strategy Officer, previously serving as Executive Vice President and Chief Operating Officer. In this capacity, Mary Jayne will drive the shaping of long-term strategic plans and ensure alignment with Bridgewater's objectives. Her expertise will be instrumental in crafting strategies that keep Bridgewater ahead of the curve and maintain its competitive edge in the market. Mary Jayne is a seasoned Twin Cities' banking leader with over 30 years' experience.
"Mary Jayne stands as one of the most esteemed banking executives in the Twin Cities," said Joe. "As Bridgewater's inaugural employee in 2005, her strong familiarity with every facet of our operations is unparalleled. With her exceptional expertise now in this pivotal role, we are poised for continued innovation and primed to excel in an ever-evolving market."
Laura Espeseth, previously Senior Vice President Controller, steps into the role of Chief Accounting Officer, where she will be responsible for all accounting operations, ensuring the integrity of financial reporting, and compliance with regulatory requirements. In this capacity, Laura will play a key role in shaping Bridgewater's financial strategy and ensuring its long-term financial health.
"Laura is a seasoned financial leader with a keen eye for detail and unmatched dedication," said Joe. "Her passion and strategic vision will help champion our collective vision for success. I eagerly anticipate her impact in this role."
These leadership changes demonstrate Bridgewater's commitment to developing talent from within, ensuring continuity and stability while injecting innovative perspectives to support ongoing success. With a focus on innovation, strategic planning and providing clients with continual best-in-class service, Bridgewater is well-equipped to adapt to changing markets and best support its clients, investors, and employees.

Management

Bridgewater Bancshares Promotes CFO Joe Chybowski To President, Effective April 26; Announces Strategic Leadership Transitions To Propel Future Growth

AMC Entertainment Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMC#NYSE">AMC</a>) (the "Company," or "AMC"), today released preliminary results for the first quarter ended March 31, 2024. The preliminary results are unaudited, subject to completion of the Company's financial reporting processes, based on information known by management as of the date of this press release and do not represent a comprehensive statement of our financial results for the quarter ended March 31, 2024. AMC expects:
<ul>
<li>Total revenues for the quarter ended March 31, 2024, to be approximately $951.4 million compared to $954.4 million for the quarter ended March 31, 2023.</li>
<li>Net loss for the quarter ended March 31, 2024, to be $(163.5) million compared to a net loss of $(235.5) million for the quarter ended March 31, 2023.</li>
<li>Diluted loss per share for the quarter ended March 31, 2024, to be $(0.62) compared to diluted loss per share of $(1.71) for the quarter ended March 31, 20231.</li>
<li>Adjusted EBITDA to be $(31.6) million for the quarter ended March 31, 2024, compared to Adjusted EBITDA of $7.1 million for the quarter ended March 31, 2023. Included in the prior year's quarterly results ended March 31, 2023 was a previously disclosed $16.7 million benefit to Adjusted EBITDA related to an early termination of a theatre lease.</li>
<li>Cash and cash equivalents at March 31, 2024 to be $624.2 million.</li>
</ul>
1 Based on 263.4 million weighted average shares outstanding as of March 31, 2024 and 137.4 million weighted average shares outstanding as of March 31, 2023.
Adjusted EBITDA is a non-GAAP financial measure and tables reconciling this non-GAAP financial measure to its closest respective GAAP financial measures are included in this press release.
In March 2024, AMC launched an at-the-market ("ATM") equity program to sell its Class A Common Stock having an aggregate offering price of up to $250.0 million. As of April 25, 2024, AMC has sold approximately 12.8 million shares of its Class A common stock and has raised gross proceeds of $41.8 million, before commissions and fees, all of which was received after March 31, 2024.
Adam Aron, Chairman and CEO of AMC Entertainment, commented, "As predicted, the box office in the first quarter was adversely impacted by the 2023 Hollywood writers and actors strikes. Nonetheless, AMC outperformed. AMC exceeded consensus estimates for Revenue, Adjusted EBITDA, Net Income, and Diluted EPS. While we anticipate that the second quarter box office will continue to be affected by the 2023 Hollywood strikes, we are ebullient about the upcoming film slate, and we expect to see an increasingly strong box office as the year progresses."
AMC will report its full results for the first quarter ended March 31, 2024, after the market closes on Wednesday, May 8, 2024.
The Company will host an earnings webcast accessible through the Investor Relations section of AMC's website at <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Finvestor.amctheatres.com%2F&amp;esheet=53957809&amp;newsitemid=20240426331252&amp;lan=en-US&amp;anchor=investor.amctheatres.com%2F&amp;index=1&amp;md5=7014cea2cf17b2ab3dc5ac9108dcc941">investor.amctheatres.com/</a>. During the webcast the company will take questions from both AMC Investor Connect members and equity research analysts. AMC investors can visit <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.amctheatres.com%2Fstockholders&amp;esheet=53957809&amp;newsitemid=20240426331252&amp;lan=en-US&amp;anchor=www.amctheatres.com%2Fstockholders&amp;index=2&amp;md5=11dfc9e21c93b74d01f29ed9be5be336">www.amctheatres.com/stockholders</a> to sign up for membership in AMC Investor Connect and submit their written questions. The link to submit questions will be available from April 30, 2024 until May 7, 2024.
Investors and interested parties should go to the website (<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Finvestor.amctheatres.com%2F&amp;esheet=53957809&amp;newsitemid=20240426331252&amp;lan=en-US&amp;anchor=investor.amctheatres.com%2F&amp;index=3&amp;md5=9b1c42c19ca4cbfad10bee6f5eff3460">investor.amctheatres.com/</a>) at least 15 minutes before the earnings webcast to register, and/or download and install any necessary audio software.
<ul>
<li>Date: Wednesday, May 8, 2024</li>
<li>Time: 4:00 PM CDT / 5:00 PM EDT</li>
</ul>
An archive of the webcast will be available on the Company's website after the webcast for a limited time.

Earnings

AMC Entertainment Holdings, Inc. Previews Q1 2024 Preliminary Results; Sees Q1 EPS $(0.62) Vs $(0.79) Est.; Revenue $951.4M Vs $861.06M Est.

Enterprise Prods Partners's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPD#NYSE">EPD</a>) short percent of float has risen 5.83% since its last report. The company recently reported that it has 18.53 million shares sold short, which is 1.27% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.49 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>Enterprise Prods Partners Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1714162522_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Enterprise Prods Partners 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 Enterprise Prods Partners'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>, Enterprise Prods Partners's peer group average for short interest as a percentage of float is 3.95%, 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

Peering Into Enterprise Prods Partners's Recent Short Interest

Zhihu Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZH#NYSE">ZH</a>, HKEX: 2390)))) ("Zhihu" or the "Company"), a leading online content community in China, today announced that it plans to&nbsp;change the ratio of its American depositary shares ("ADSs") to its Class A ordinary shares (the "ADS Ratio Change"), par value US$0.0001 per share, from the current ratio of two ADSs representing one Class A ordinary share to a new ratio of one ADS representing three Class A ordinary shares, effective on or about May 10, 2024, U.S. Eastern Time (the "Effective Date").
For the Company's ADS holders, the ADS Ratio Change will have the same effect as a one-for-six reverse ADS split. Upon&nbsp;the Effective Date, ADS holders will be required to surrender and exchange every six existing ADSs then held for one new ADS. JPMorgan Chase Bank, N.A., as the depositary bank for the Company's ADS program, will arrange for the exchange. The Company's ADSs will continue to be traded on the New York Stock Exchange under the ticker symbol "ZH."
No fractional new ADSs will be issued in connection with the ADS Ratio Change. Instead, fractional entitlements to new ADSs will be aggregated and sold by the depositary bank and the net cash proceeds from the sale of the fractional ADS entitlements (after deduction of fees, taxes, and expenses, where applicable) will be distributed to the applicable ADS holders by the depositary bank. The ADS Ratio Change will have no impact on the Company's underlying Class A ordinary shares, and no ordinary shares will be issued or cancelled in connection with the ADS Ratio Change.
As a result of the ADS Ratio Change, the ADS trading price is expected to increase proportionately upon the effectiveness of the ADS Ratio Change, although the Company can give no assurance that the ADS trading price after the ADS Ratio Change will be equal to or greater than six times the ADS trading price before the change.

Stock Split

Zhihu Inc. Announces Plan To Implement ADS Ratio Change From 2 ADS Representing 1 Common Share To A Ratio Of 1 ADS Representing 3 Common Shares, Effective On Or About May 10, 2024

StoneCo's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STNE#NYSE">STNE</a>) short percent of float has fallen 8.41% since its last report. The company recently reported that it has 12.05 million shares sold short, which is 4.25% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.59 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>StoneCo Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1714162517_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for StoneCo 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 StoneCo'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>, StoneCo's peer group average for short interest as a percentage of float is 4.94%, 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.

STNE

Looking Into StoneCo's Recent Short Interest

SunPower's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPWR#NYSE">SPWR</a>) short percent of float has fallen 7.73% since its last report. The company recently reported that it has 39.25 million shares sold short, which is 59.11% of all regular shares that are available for trading. Based on its trading volume, it would take traders 7.33 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>SunPower Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1714162511_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for SunPower 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 SunPower'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>, SunPower's peer group average for short interest as a percentage of float is 10.43%, 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.

SPWR

Peering Into SunPower's Recent Short Interest

Clever Leaves Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLVR#NASDAQ">CLVR</a>, CLVRW)))) ("Clever Leaves" or the "Company"), a global medicinal cannabis company, today announced that its Board of Directors (the "Board") determined to voluntarily delist its common shares, without par value (the "common shares") and warrants, each exercisable for 1/30th common share at an exercise price of $11.50 (the "Warrants" and together with the common shares, the "Securities") from The Nasdaq Stock Market LLC ("Nasdaq") and deregister its Securities in order to terminate and suspend its reporting obligations under the Securities and Exchange Act of 1934, as amended (the "Exchange Act"). &nbsp;
The Company today notified Nasdaq of its intention to voluntarily delist its Securities from Nasdaq. The Company intends to file a Form 25 with the Securities and Exchange Commission ("SEC") to effect the delisting and deregistration of its Securities on or about May 6, 2024 to effect the delisting from Nasdaq and the deregistration of the Securities under Section 12(b) of the Exchange Act. As a result, the Company expects the last day of trading of its Securities on Nasdaq will be on or about May 16, 2024.
Following the delisting of the Company's Securities from Nasdaq, the Company intends to file a Form 15 with the SEC on or about May 16, 2024 to suspend its reporting obligations under the Exchange Act. As a result of the filing of the Form 15, the Company's obligation to file certain Exchange Act reports and forms with the SEC, including Forms 10-K, 10-Q, and 8-K, will cease. Other SEC filing requirements will terminate upon the effectiveness of the deregistration. The Company expects that the deregistration of its Securities will become effective 90 days after the filing of the Form 15 with the SEC. The documents filed with the SEC will be available on the Company's website below.
The Board's decision comes as part of its evaluation of internal and external options and is the product of careful review and careful consideration of a number of factors, including, but not limited to, the Company's previous and likely future non-compliance with the continued listing requirements of Nasdaq that would eventually result in delisting of the Securities by Nasdaq and the required personnel resources and the high costs relating to Exchange Act and Nasdaq disclosure and reporting requirements and related regulatory burdens, which have resulted and would continue to result in significant operating expense.

CLVR

Clever Leaves Announces Voluntary Delisting Of Common Shares And SEC Deregistration

CYTK

On April 23, Cytokinetics  Entered Employment Offer Letter With Sung H. Lee, Pursuant To Which, Lee Agreed To Serve As Executive Vice President, CFO

Newell Brands Inc Restructuring And Related Charges Due To Organizational Realignment Plan Estimated To Be In The Range Of $75M-$90M; Restructuring And Related Charges Due To Organizational Realignment Plan Expected To Be Substantially Incurred By The End Of 2024

Trading Halt: Halted at 4:06:44 p.m. ET - Trading Halt: Halt News Pending

CLVRW

bluebird bio, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLUE#NASDAQ">BLUE</a>) today announced that it received a notice (the "notice") on April 24, 2024 from The Nasdaq Stock Market LLC ("Nasdaq") stating that because the Company has not yet filed its Annual Report on Form 10-K for the year ended December 31, 2023 (the "2023 Form 10-K"), it is no longer in compliance with Nasdaq Listing Rule 5250(c)(1) (the "Rule"), which requires listed companies to timely file all required periodic financial reports with the Securities and Exchange Commission (the "SEC").
The notice has no immediate effect on the listing or trading of the Company's common stock on the Nasdaq. Under Nasdaq rules, the Company has 60 calendar days from receipt of the notice, or until June 24, 2024, to submit a plan to regain compliance with the Rule.
On April 16, 2024, bluebird previously announced that it would be delayed in filing its 2023 Form 10-K due to the need to restate the Company's consolidated financial statements as of and for the year ended December 31, 2022 and unaudited financial information for each of the first three quarters of 2023 and 2022 in its 2023 Form 10-K. The notice from Nasdaq is standard practice in the event of a delayed 10-K filing and was anticipated.
The Company is continuing to work expeditiously to complete the filing of the 2023 Form 10-K as promptly as possible. As previously reported, the restatements relate to the identification of embedded leases and the treatment of non-lease components contained in lease agreements. The Company does not expect the restatements to result in any impact on its cash position or revenue.

BLUE

Bluebird Bio Announces Receipt Of Expected Notice From Nasdaq; Company Has 60 Calendar Days From Receipt Of The Notice, Or Until June 24, 2024, To Submit A Plan To Regain Compliance With The Rule

Inovio Pharmaceuticals Form 13G Shows Deep Track Capital, LP Reported A 9.99% Stake In The Co As Of April, 16, 2024

- SEC Filing Nextdoor Holdings, Inc. (the "Company") previously announced on February 27, 2024 certain financial guidance related to its expected revenue and adjusted EBITDA for the first quarter ended March 31, 2024. The Company preliminarily expects that its revenue will exceed, and its adjusted EBITDA loss will be narrower than, the previously reported guidance.
 &nbsp;
The Company's financial statements for the quarter ended March 31, 2024 are not yet available. Accordingly, the Company's expectations regarding revenue and adjusted EBITDA are estimates and subject to the completion of the Company's financial closing procedures and any adjustments that may result from the completion of the review of the Company's financial statements for the quarter ended March 31, 2024. The Company's expectations in this Current Report on Form 8-K and described herein may differ materially from the actual results that will be reflected in the Company's financial statements or other earnings materials for the quarter ended March 31, 2024 when they are completed and publicly disclosed. The Company will host a Q&amp;A webcast at 2:00 pm PT/5:00 pm ET on Tuesday, May 7, 2024, to discuss its results for the first quarter ended March 31, 2024.

KIND

Nextdoor Holdings Expects Preliminarily Q1 Revenue Will Exceed, And Its Adjusted EBITDA Loss Will Be Narrower Than, Previously Reported Guidance

FANG

Diamondback Energy Says Stockholders Approved Proposal To Amend Co's Certificate Of Incorporation To Increase Authorized No. Of Shares Of Co's Common Stock

On April 25, Safe & Green Development Corp Received Notice Of Delisting Or Failure To Satisfy A Continued Listing Rule Or Standard From Nasdaq

Diamondback Energy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FANG#NASDAQ">FANG</a>) ("Diamondback" or the "Company") today announced that its stockholders have approved the issuance of shares of Diamondback common stock in connection with the proposed business combination with Endeavor Energy Resources, L.P. ("Endeavor"). &nbsp;
Additionally, Diamondback stockholders approved a proposal to amend the Company's certificate of incorporation to increase the authorized number of shares of Diamondback common stock.
The final voting results from Diamondback's special meeting of stockholders will be set forth in a Form 8-K to be filed by Diamondback with the U.S. Securities and Exchange Commission.
The business combination with Endeavor is subject to customary closing conditions, including termination or expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976.

Diamondback Energy Receives Stockholder Approval For Proposed Transaction With Endeavor Energy Resources, L.P.

Chipotle Mexican Grill, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>) stock just recorded a new all-time high of $3,199.99 during trading <a href="https://www.benzinga.com/quote/CMG/news">on April 26</a>.
<h1 class="wp-block-heading">Stellar Q1 Earnings Wins Praise From Jim Cramer</h1>
The stock has positive momentum since the end of October 2023. Over the past six months, Chipotle stock was up over 75%. It kept momentum into 2024 with the stock up over 39% YTD.
The company reported first-quarter earnings on <a href="https://www.benzinga.com/news/earnings/24/04/38417218/chipotle-mexican-grill-q1-earnings-revenue-beat-eps-beat-comparable-sales-up-7-and-more">Wednesday, after market hours.</a> The surprise of 14.47% on EPS and 1.20% on revenue estimates sent the stock soaring. Chipotle&#8217;s earnings report added fuel to send the stock up over 8% since Wednesday.
<a href="https://www.benzinga.com/markets/equities/24/04/38453038/jim-cramer-praises-chipotles-self-help-strategy-amid-economic-slowdown-inflation-just-wont-quit">Jim Cramer praised Chipotle</a> recently on CNBC&#8217;s &#8220;Mad Money,&#8221; highlighting its successful &#8220;self-help&#8221; strategy amid economic challenges. He emphasized Chipotle&#8217;s focus on improving throughput, which has nothing to do with broader economic conditions. 
<h1 class="wp-block-heading">Several Analysts Raise Their Price Targets On Chipotle Stock</h1>
Post first-quarter earnings, Chipotle stock was also boosted by several analysts raising their price targets on the stock.
Related: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38437634/chipotle-mexican-grill-is-in-a-league-of-their-own-7-analysts-revise-forecasts-afte">Chipotle Mexican Grill Is In A &#8216;League Of Their Own&#8217;: 7 Analysts Revise Forecasts After Q1 Results</a>
The <a href="https://www.benzinga.com/quote/CMG/analyst-ratings">consensus analyst rating</a> stands at a Buy with a price target of $3,037.03.
<h1 class="wp-block-heading">Charts Indicate Further Bullish Momentum</h1>
Let&#8217;s look at what the charts hint at and what could lie ahead for the stock.
Driven by business strength and a positive earnings report, Chipotle&#8217;s stock is making new all-time highs.
With a great run-up so far and over the past six months, the stock continues to exhibit a strong bullish trend. Charts indicate the future trajectory for Chipotle&#8217;s stock is supported by its share price trading above its 5-, 20-, and 50-day exponential moving averages. 
This indicates buying pressure and suggests potential for further bullish movement.
<figure class="wp-block-image size-full is-resized"><img loading="lazy" decoding="async" width="625" height="454" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/26145338/Screenshot-2024-04-27-at-12.23.22-AM.png" alt="" class="wp-image-311457" style="width:800px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/26145338/Screenshot-2024-04-27-at-12.23.22-AM.png 625w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/26145338/Screenshot-2024-04-27-at-12.23.22-AM-300x218.png 300w" sizes="(max-width: 625px) 100vw, 625px" /></figure>
<a target="_blank" href="https://pro.benzinga.com/dashboard" rel="noreferrer noopener">Chart: Benzinga Pro</a>
Additionally, the stock&#8217;s 8-day simple moving average is at $2,962.97, signaling bullish momentum. The 20-day SMA of $2,939.56 and the 50-day SMA of 2,816.74 also support a bullish stance. Furthermore, Chipotle&#8217;s stock price of $3,185.76 is above its 200-day simple moving average of $2,264.48, reinforcing the Buy stance.
<figure class="wp-block-image size-full is-resized"><img loading="lazy" decoding="async" width="625" height="454" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/26145547/Screenshot-2024-04-27-at-12.25.31-AM.png" alt="" class="wp-image-311461" style="width:800px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/26145547/Screenshot-2024-04-27-at-12.25.31-AM.png 625w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/26145547/Screenshot-2024-04-27-at-12.25.31-AM-300x218.png 300w" sizes="(max-width: 625px) 100vw, 625px" /></figure>
<a target="_blank" href="https://pro.benzinga.com/dashboard" rel="noreferrer noopener">Chart: Benzinga Pro</a>
The Moving Average Convergence Divergence (MACD) indicator is at 61.84, recently crossed over the signal line (currently at 49.26) — reinforcing the bullish stance set up by moving averages. However, the Relative Strength Index (RSI) of 76.93 suggests the stock is overbought, and spells caution. 
The stock price has been trading in (and has just broken above) the upper of the Bollinger Bands and supports a bullish stance.
The company&#8217;s strong business performance and positive first-quarter earnings report have fueled this upward trajectory. Analysts and market experts are bullish on the stock, with several raising their price targets. 
From a technical standpoint, the charts indicate a continuation of this bullish trend, with the stock trading above key moving averages and showing strong buying pressure. While the RSI suggests the stock is overbought, indicating a potential need for caution, the overall outlook for Chipotle remains optimistic.
Investors looking for a growth opportunity in the restaurant sector may find Chipotle a compelling choice, given its recent performance and future potential.
Read Next: <a href="https://www.benzinga.com/markets/equities/24/04/38456247/chipotle-requests-employees-to-not-eat-chicken-so-they-can-sell-more-rescinds-soon">Chipotle Requests Employees To Not Eat Chicken So They Can Sell More, Rescinds Soon</a>
Photo: Shutterstock