iShares iBonds 2027 Term High Yield and Income ETF (BATS: IBHG)

iShares iBonds 2027 Term High Yield and Income ETF (BATS:IBHG), Quote.Headers.trade-ideas

The Fund seeks to meet its investment objective generally by investing in component securities of the Bloomberg Barclays 2027 Term High Yield and Income Index .   the Fund will invest at least 90% of its assets in fixed income securities of the types included in the Underlying Index that BFA believes will help the Fund track the Underlying Index. The Fund will invest no more than 10% of its assets in futures, options and swaps contracts that BFA believes will help the Fund track the Underlying Index as well as in fixed income securities other than the types included in the Underlying Index, but which BFA believes will help the Fund track the Underlying Index

iShares iBonds 2027 Term High Yield and Income ETF

BlackSky Technology Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BKSY#NYSE">BKSY</a>) shares are trading lower by 16.9% to $4.19 during Wednesday&#8217;s session after the company announced the pricing of a $40 million public offering of 10 million shares at <a href="https://www.benzinga.com/pressreleases/24/09/b41023809/blacksky-announces-pricing-of-upsized-40-million-public-offering-of-common-stock">$4.00 per share</a>.
The offering, solely from BlackSky, is set to close around September 26, pending standard conditions. The company has also granted underwriters a 30-day option to purchase an additional 1.5 million shares. 
Oppenheimer &amp; Co. and Lake Street Capital Markets are serving as joint book-running managers for the offering.
Read Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/41024067/mortgage-demand-soars-as-fed-interest-rate-cut-fuels-housing-market-revival-next-sp">Mortgage Demand Soars As Fed Interest Rate Cut Fuels Housing Market Revival: &#8216;Next Spring Could See A Real Rebound&#8217;</a>
<h2 class="wp-block-heading">Should I Sell My BKSY Stock?</h2>
Whether to sell or hold a stock largely depends on an investor's strategy and risk tolerance. Swing traders may sell an outperforming stock to lock in a capital gain, while long-term investors might ride out the turbulence in anticipation of further share price growth.
Similarly, traders willing to minimize losses may sell a stock that falls a certain percentage, while long-term investors may see this as an opportunity to buy more shares at a discounted price.
Shares of BlackSky Technology have lost 58.13% year to date. This compares to the average annual return of -62.04%, meaning the stock has outperformed its historical averages. Investors can compare a stock's movement to its historical performance to gauge whether this is a normal movement or a potential trading opportunity. 
For analysis tools, charting data and access to exclusive stock news, check out <a href="https://pro.benzinga.com/">Benzinga PRO. Try it for free.</a>
BKSY has a 52-week high of $14.16 and a 52-week low of $3.86.

News

BlackSky Technology Inc. Class A Common Stock

BKSY

Why BlackSky Technology (BKSY) Stock Is Down 20% Today

Tropical Storm Helene is forecasted to turn <a href="https://www.benzinga.com/markets/equities/24/08/40259269/storm-debby-headed-for-nyc-highly-populated-areas-as-catastrophic-flooding-persists">into a hurricane</a> as it makes landfall over Florida on Thursday.
The storm was located about 60 miles northeast of Cozumel, Mexico, Wednesday morning, moving northwest at 9 mph with maximum sustained winds of 70 mph, according to the National Weather Service (NWS).
The storm is expected to strengthen into a hurricane as it passes over the Gulf of Mexico&#8217;s eastern coast later Wednesday and into Thursday and reaches the Big Bend of Florida late Thursday.
The NWS has already issued a tropical storm warning for all of the Florida Keys, the state&#8217;s west coast from Flamingo to Anclote River, including Tampa Bay, and the Florida east coast from Flamingo northward to Altamaha Sound, Georgia. 
Read Also: <a href="https://www.benzinga.com/markets/equities/24/09/40982087/shell-braces-for-tropical-storm-35-prepares-major-gulf-of-mexico-oil-fields-for-shut-down">Shell Braces For Tropical Storm 35: Prepares Major Gulf Of Mexico Oil Fields For Shut Down</a>
Helene is forecasted to produce 5 to 10 inches of rain, with isolated totals of 15 inches over the southeastern U.S. This will likely result in considerable urban and flash flooding and significant river flooding. It may also cause landslides in steep terrain areas in the southern Appalachians.
Helene is also expected to bring 4 to 8 inches of rain to Cuba, the Cayman Islands and the northern Yucatan Peninsula before reaching the U.S.
Price Action: The approaching storm has impacted stocks of generator producers, retailers, and utility companies with a presence or a subsidiary in Florida.
Generators
<ul>
<li>Generac Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GNRC#NYSE">GNRC</a>) slipped 0.45% to $150.16</li>
<li>Cummins Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMI#NYSE">CMI</a>) declined 0.55% to $321.78</li>
<li>Honda Motor Co. Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HMC#NYSE">HMC</a>) rose 0.27% to $32.83</li>
</ul>
Retailers
<ul>
<li>Walmart Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) gained 0.56% to $81.12</li>
<li>Target Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGT#NYSE">TGT</a>) slipped 0.4% to $155.56</li>
<li>The Home Depot, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HD#NYSE">HD</a>) fell 0.67% to $397.99</li>
</ul>
Utilities 
<ul>
<li>Emera Incorporated (TSX:<a class="ticker" href="https://www.benzinga.com/stock/EMA#TSX">EMA</a>) gained 0.55% to $52.83</li>
<li>Duke Energy Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DUK#NYSE">DUK</a>) slipped 0.12% to $115.85</li>
</ul>
Read Now:
<ul>
<li><a href="https://www.benzinga.com/news/24/07/39581491/whats-going-on-with-cruise-stocks-as-category-4-hurricane-beryl-churns-in-the-caribbean">What&#8217;s Going On With Cruise Stocks As Category 4 Hurricane Beryl Churns In the Caribbean?</a></li>
</ul>
Image created using artificial intelligence via Midjourney.

Retail Sales

GNRC

TSX:EMA

Tropical Storm Helene Set To Become Hurricane: Generac, Duke Energy Stocks React As Florida Braces

WIIM

Trump Media & Technology Group shares are trading higher amid possible volatility ahead of the 2024 US presidential election.

Barclays analyst Michael Leithead maintains Chemours (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CC#NYSE">CC</a>) with a Equal-Weight and lowers the price target from $22 to $21.

Price Target

Analyst Ratings

Barclays Maintains Equal-Weight on Chemours, Lowers Price Target to $21

Rumors

Trading Ideas

PRAA

Watching PRA Group; Shares See Volume As Traders Circulate Stock Picked By Popular Newsletter Service

As Tropical Storm Helene intensifies and approaches Florida's Gulf Coast, Trulieve Cannabis Corp (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCNNF#OTC">TCNNF</a>), one of the largest multi-state operators (MSOs) in the U.S. weed industry, is bracing for potential disruptions. Investors have voiced concerns about the storm's potential impact on operations, especially given Trulieve's extensive footprint in Florida. However, Trulieve&#8217;s CEO Kim Rivers says the company is fully prepared for what's coming ashore.
In a Twitter exchange responding to user @WolfOfWeedST, Rivers laid out the company's readiness plans, noting that it&#8217;s facilities are built to withstand the storm. &#8220;We are locked and loaded. Not our first storm rodeo. Buildings are all wind rated and have all been thru storms in the past,&#8221; Rivers wrote, addressing concerns about infrastructure vulnerabilities as Helene strengthens into a potentially catastrophic event.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">We are locked and loaded. Not our first storm rodeo. Buildings are all wind rated and have all been thru storms in the past. The biggest threat is loss of power but lines come from the southeast so that's looking ok. Regardless, generators are on site, storm prep done and teams…
&mdash; Kim Rivers (@rivers_kim) <a href="https://twitter.com/rivers_kim/status/1838931491704721750?ref_src=twsrc%5Etfw">September 25, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
<h3 class="wp-block-heading">A Storm On The Horizon</h3>
Helene, which is expected to make landfall as a major hurricane, poses a significant threat to Florida's west coast. The National Hurricane Center (NHC) has already issued warnings for storm surges that could reach up to 15 feet, along with wind speeds forecasted to exceed 100 mph as the storm intensifies. Counties along the Florida coast have begun issuing evacuation orders and power outages are expected.
Trulieve's headquarters, operations and dispensaries are heavily concentrated in Florida, making the company particularly vulnerable to disruptions. But Rivers assured stakeholders that the company's hurricane preparedness plan has been activated. While acknowledging that the biggest challenge could be power outages, she remained optimistic. "The biggest threat is loss of power but lines come from the southeast so that's looking ok. Regardless, generators are on site, storm prep done and teams ready to go."
<h3 class="wp-block-heading">Impact On Cannabis Supply Chain</h3>
Given that Trulieve also supplies wholesale cannabis products to other operators, any disruption to its facilities could ripple throughout the supply chain.
Cannabis investors are watching closely, with some expressing concern over potential setbacks to the cannabis industry's recovery after a challenging several years. @WolfOfWeedST pointed out, "The only thing that can screw up A3 [Amendment 3, the initiative to legalize adult-use cannabis in the state] and this run is hurricane Helene for the MSO's in Florida," highlighting the dependency of several players on Trulieve's production and wholesale operations.
As the cannabis industry watches closely, Helene's path will be a key focus in the coming days. While the physical infrastructure is in place, the true test will come in the aftermath of the storm, when the focus will shift to how quickly operations can resume and whether supply chains remain intact.
Here&#8217;s hoping everyone remains safe and sound.

Cannabis

TCNNF

Will Hurricane Helene Disrupt Florida's Cannabis Industry? Trulieve CEO Says Co. Is 'Locked And Loaded, Not Our First Storm Rodeo'

JP Morgan analyst Mark Strouse maintains Brookfield Renewable (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BEPC#NYSE">BEPC</a>) with a Neutral and raises the price target from $33 to $34.

BEPC

JP Morgan Maintains Neutral on Brookfield Renewable, Raises Price Target to $34

It gave pedestrians room but ran red lights and crossed into oncoming traffic. &nbsp;
Tesla's controversial "Full Self Driving" is now capable of some quite advanced driving. But that can breed undeserved complacency, according to independent testing. The partially automated driving system exhibited dangerous behavior that required human intervention more than 75 times over the course of more than 1,000 miles (1,600 km) of driving in Southern California, averaging one intervention every 13 miles (21 km).
<a href="https://arstechnica.com/cars/2024/09/tesla-full-self-driving-requires-human-intervention-every-13-miles/" title="https://arstechnica.com/cars/2024/09/tesla-full-self-driving-requires-human-intervention-every-13-miles/">https://arstechnica.com/cars/2024/09/tesla-full-self-driving-requires-human-intervention-every-13-miles/</a>

TSLA

'Tesla Full Self Driving requires human intervention every 13 miles' - Ars Technica

Options

Markets

MBLY

Mobileye Global Option Alert: Nov 15 $14 Calls Sweep (35) Near The Ask: 2686 @ $1.2 Vs 1596 OI; Earnings 10/24 Before Open [est] Ref=$12.54

MRNA Scientific Sdn. Bhd. ("MRNA"), a subsidiary of BioNexus Gene Lab Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BGLC#NASDAQ">BGLC</a>, the "Company")))), and Protech Builders Sdn. Bhd. ("Protech"), a leading mechanical and electrical engineering construction firm in Malaysia, are pleased to announce the signing of a strategic teaming agreement (the "Agreement") to jointly develop and operate biogas plants across Malaysia. This collaboration marks a significant step in both companies' efforts to contribute to Malaysia's growing renewable energy sector, particularly in the generation of biogas from plantation wastewater. &nbsp;
Strategic Collaboration for Sustainable Growth
Under this three-year Agreement, Protech and MRNA will pool their resources and expertise to identify, market, and execute biogas projects that convert plantation and agricultural wastewater into renewable energy. Protech and MRNA have agreed to together make an initial financial contribution of up to RM1,000,000 (Approx. USD 235,000) to fund feasibility studies and other project development activities.
The partnership will leverage the Company's extensive market knowledge and chemical raw material expertise, along with Protech's proven capabilities in mechanical and electrical engineering. Protech holds a G7 construction license, the highest grade issued by the Construction Industry Development Board (CIDB) Malaysia, which allows them to undertake projects of any size and value without limitations. With over 20 years of experience and a portfolio of more than 300 successfully completed projects across Malaysia, including biogas facilities and power transmission systems, Protech is uniquely positioned to ensure the technical success and timely completion of these projects.
Projected Revenue and Growth Potential
The biogas market in Malaysia presents substantial growth opportunities. With the combined strengths of our Company and Protech, we anticipate securing multiple biogas projects over the next three years, ranging from small to large-scale installations.

Contracts

Global

BGLC

BioNexus Gene Lab's MRNA Scientific Announces Entry Into Biogas Sector Via Teaming Agreement With Protech Builders Sdn. Bhd.  To Jointly Develop And Operate Biogas Plants Across Malaysia; Protech And MRNA Have Agreed To Together Make An Initial Financial Contribution Of Up To ~$235,000 To Fund Feasibility Studies And Other Project Development Activities

JD.Com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>) shares are trading lower by 2.05% to $32.21 Wednesday morning. Shares of US-listed Chinese companies are trading lower amid a possible selloff following yesterday&#8217;s strength after China&#8217;s Central Bank announced a <a href="https://www.benzinga.com/markets/asia/24/09/41003814/chinese-stocks-jump-as-central-bank-unveils-major-stimulus-to-spur-economy-a-step-in-the-right-direc">new stimulus package</a>.
What Happened: JD&#8217;s decline is likely attributed to profit-taking, as investors lock in gains following a sharp 7% rise on Tuesday after the People&#8217;s Bank of China (PBoC) announced substantial cuts to key interest rates and the reserve requirement ratio (RRR) for banks.
The central bank&#8217;s stimulus, which included a 50-basis-point reduction in the RRR—injecting 1 trillion yuan ($140 billion) of liquidity into the financial system—initially sparked a rally across Chinese stocks, with JD.com seeing a sharp rise as investor sentiment improved on hopes of economic recovery.
Read Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/41024067/mortgage-demand-soars-as-fed-interest-rate-cut-fuels-housing-market-revival-next-sp">Mortgage Demand Soars As Fed Interest Rate Cut Fuels Housing Market Revival: &#8216;Next Spring Could See A Real Rebound&#8217;</a>
Profit-taking is a common occurrence after such significant market moves, especially in a volatile macroeconomic environment where investor sentiment can shift quickly. 
The initial enthusiasm over the PBoC's measures led to a wave of buying across Chinese equities, including JD.com, which is highly sensitive to shifts in consumer demand and economic growth in China.
What Else: Despite Wednesday's decline, the broader outlook for JD.com remains positive in light of the PBoC&#8217;s easing measures. The company, a leader in China's e-commerce and logistics sectors, stands to benefit from increased liquidity and potentially stronger consumer spending as the economy recovers. 
JD.com's extensive logistics network and diverse product offerings position it well to capture demand as Chinese consumers regain purchasing power, which could materialize in the coming quarters as the effects of the stimulus ripple through the economy.
Read Also: <a href="https://www.benzinga.com/trading-ideas/technicals/24/09/41024795/micron-earnings-showdown-charts-show-bulls-and-bears-in-standoff">Micron Earnings Showdown: Charts Show Bulls And Bears In Standoff</a>
Still, market volatility could persist as investors assess the long-term impact of the PBoC's actions. While the liquidity injection and rate cuts provide a short-term boost, questions remain about whether more fiscal and monetary support will be needed to sustain economic momentum. 
Analysts, including those from Goldman Sachs, have cautioned that while the monetary easing is a step in the right direction, additional measures may be required to fully counteract the broader economic slowdown.
<h2 class="wp-block-heading">How To Buy JD Stock</h2>
By now you're likely curious about how to participate in the market for JD.Com &#8211; be it to purchase shares, or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of <a href="https://www.benzinga.com/money/best-stock-trading-platforms">possible trading platforms here.</a> Many will allow you to buy ‘fractional shares,' which allows you to own portions of stock without buying an entire share. For example, some stock, like Berkshire Hathaway, or Amazon.com, can cost thousands of dollars to own just one share. However, if you only want to invest a fraction of that, brokerages will allow you to do so. 
In the the case of JD.Com, which is trading at $33.15 as of publishing time, $100 would buy you 3.02 shares of stock.
If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to ‘go short' a share of stock by lending you the shares to sell. The process of shorting a <a href="https://www.benzinga.com/money/how-to-short-a-stock">stock can be found at this resource.</a> Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading &#8211; either way it allows you to profit off of the share price decline.
According to data from&nbsp;<a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>, JD has a 52-week high of $35.68 and a 52-week low of $20.82.

What's Going On With JD.Com Stock Today?

Embedded AI/ML Capabilities to Improve Performance and Reliability, Create Economies of Scale and Chart a Path to 25Gbps Future Over Existing Network Infrastructure
&nbsp;
PALO ALTO, Calif. and STAMFORD, Conn. and PHILADELPHIA, Sept. 25, 2024 /PRNewswire/ --&nbsp;Broadcom Inc., Charter Communications, and Comcast today announced a joint development of Unified DOCSIS chipsets for network nodes, smart amps, and cable modems, enabling both FDX and ESD versions of the DOCSIS 4.0 specification, and setting the stage to deliver upwards of 25 Gbps speeds over existing networks. This specification brings together all the benefits of both DOCSIS ESD and DOCSIS FDX and includes support for both mid-split and high-split configurations.
Designed for compliance with the existing DOCSIS 4.0 standard and creating a foundation for the next generation, the technology solutions will enable all operators through a single and open standard, delivering on the following advantages:
&nbsp;
<ul>
<li>Economies of scale for the industry</li>
<li>Robust vendor ecosystem</li>
<li>Streamlined CableLabs certification and operator qualification</li>
</ul>

AVGO

CHTR

CMCSA

Broadcom, Charter Communications, And Comcast To Collaborate On Developing Unified DOCSIS Chipsets Supporting 25Gbps Speeds

JP Morgan analyst Mark Strouse maintains Brookfield Renewable (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BEP#NYSE">BEP</a>) with a Neutral and raises the price target from $30 to $31.

JP Morgan Maintains Neutral on Brookfield Renewable, Raises Price Target to $31

Automatic Data Processing (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADP#NASDAQ">ADP</a>) has outperformed the market over the past 15 years by 1.9% on an annualized basis producing an average annual return of 13.95%. Currently, Automatic Data Processing has a market capitalization of $112.58 billion. 
Buying $1000 In ADP: If an investor had bought $1000 of ADP stock 15 years ago, it would be worth $7,024.17 today based on a price of $276.05 for ADP at the time of writing.
<h3>Automatic Data Processing's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727278234_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.

If You Invested $1000 In This Stock 15 Years Ago, You Would Have $7,000 Today

Comfort Systems USA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FIX#NYSE">FIX</a>) has outperformed the market over the past 5 years by 41.12% on an annualized basis producing an average annual return of 55.37%. Currently, Comfort Systems USA has a market capitalization of $13.76 billion. 
Buying $100 In FIX: If an investor had bought $100 of FIX stock 5 years ago, it would be worth $890.29 today based on a price of $386.09 for FIX at the time of writing.
<h3>Comfort Systems USA's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727278229_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.

If You Invested $100 In This Stock 5 Years Ago, You Would Have $900 Today

Meritage Homes's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTH#NYSE">MTH</a>) short percent of float has fallen 3.31% since its last report. The company recently reported that it has 964 thousand shares sold short, which is 3.8% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.87 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>Meritage Homes Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727278223_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Meritage Homes 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 Meritage Homes'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>, Meritage Homes's peer group average for short interest as a percentage of float is 5.83%, 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

Looking Into Meritage Homes's Recent Short Interest

Agree Realty's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ADC#NYSE">ADC</a>) short percent of float has risen 10.03% since its last report. The company recently reported that it has 11.36 million shares sold short, which is 15.79% of all regular shares that are available for trading. Based on its trading volume, it would take traders 10.54 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>Agree Realty Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727278218_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Agree Realty 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 Agree Realty'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>, Agree Realty's peer group average for short interest as a percentage of float is 5.06%, 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.

(ADC) - Analyzing Agree Realty's Short Interest

AutoZone's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AZO#NYSE">AZO</a>) short percent of float has risen 3.2% since its last report. The company recently reported that it has 436 thousand shares sold short, which is 2.9% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.28 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>AutoZone Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727278212_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for AutoZone 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 AutoZone'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>, AutoZone's peer group average for short interest as a percentage of float is 11.58%, 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 AutoZone's Recent Short Interest

Snowflake Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>) shares are trading higher Wednesday. The stock appears to be recovering from a dip following the company's announcement on Monday of a private placement <a href="https://www.benzinga.com/news/24/09/41004088/snowflake-stock-is-falling-tuesday-whats-going-on">of convertible senior notes</a>.
The Details:
Snowflake shares fell after the company announced it intends to offer $1 billion worth of convertible senior notes due 2027 and $1 billion worth of convertible senior notes due 2029 in a private placement to institutional investors.
On Wednesday, Snowflake announced the <a href="https://www.benzinga.com/markets/equities/24/09/41020448/snowflake-expects-to-raise-1-97b-via-debt-offering-details">pricing of the offering</a> with the initial conversion rate for both the 2027 and 2029 notes at 6.3492 shares per $1,000 principal, or $157.50 per share, a 40% premium to the stock price as of Sept. 24. 
Read Next:<a href="https://www.benzinga.com/news/24/09/41011763/whats-going-on-with-intel-stock"> What&#8217;s Going On With Intel Stock?</a>
On Tuesday, Rosenblatt analyst Blair Abernethy maintained a Buy rating on Snowflake with a price target of $180 and highlighted the company's <a href="https://www.benzinga.com/news/24/09/41008816/snowflake-to-offer-2b-in-convertible-notes-analyst-says-its-from-a-position-of-financial-strength">financial position</a> with $3.9 billion in cash and no debt.&nbsp;
"In our view, the company is issuing the proposed Notes from a position of financial strength," Abernethy wrote.
Snowflake shares are trending higher on heavy trading Wednesday. According to data from <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, more than double the stock's average daily volume has already been traded in the session.&nbsp;
<h3 class="wp-block-heading">Will SNOW Stock Go Up?</h3>
When trying to assess whether or not Snowflake will trade higher from current levels, it's a good idea to take a look at analyst forecasts. 
Wall Street analysts have an average 12-month price target of $165.48 on Snowflake. The Street high target is currently at $220 and the Street low target is $121. Of all the analysts covering Snowflake, 19 have positive ratings, 10 have neutral ratings and no one has negative ratings.
In the last month, one analyst has adjusted price targets. Here's a look at recent price target changes <a href="https://www.benzinga.com/quote/SNOW/analyst-ratings">[Analyst Ratings]</a>. Benzinga also tracks Wall Street's most accurate analysts. Check out how analysts covering Snowflake have performed in recent history. 
Stocks don't move in a straight line. The average stock market return is approximately 10% per year. Snowflake is 38.42% down year-to-date. The average analyst price target suggests the stock could have further upside ahead.
For a broad overview of everything you need to know about Snowflake, visit <a href="https://www.benzinga.com/quote/SNOW">here</a>. If you want to go above and beyond, there's no better tool to help you do just that than <a href="https://pro.benzinga.com/">Benzinga Pro</a>. Start your free trial today.
SNOW Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Snowflake shares are up 1.70% at $114.41 at the time of publication Wednesday.
Read Also:
<ul>
<li><a href="https://www.benzinga.com/news/24/09/40991529/what-happened-with-palantir-stock-today">What Happened With Palantir Stock Today?</a></li>
</ul>
Image: Shutterstock

Movers

SNOW

What's Going On With Snowflake Stock?

Stitch Fix, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SFIX#NASDAQ">SFIX</a>) stock is moving lower on Wednesday after the company reported 2024 fiscal-year fourth quarter results, including <a href="https://www.benzinga.com//node/41014297">worse-than-expected EPS</a>.
What Happened: The company reported on Tuesday after the market closed a loss of 29 cents per share missing analysts estimate of a loss of 19 cents per share. 
Revenue: Stitch Fix reported sales of $319.6 million beating analysts estimate of $318.5 million. The reported sales figure represents a 12.4% decrease year-over-year.
Other Figures: The company reported a net loss of $35.7 million, adjusted EBITDA of $9.5 million and free cash flow of $4.5 million.
FY24: Stitch Fix reported financials for the fiscal year as a whole. The company reported net revenue of $1.34 billion, Adjusted EBITDA of $29.3 million and free cash flow of $14.2 million. Lastly, Stitch Fix stated that it saw a 19.6% year-over-year decrease in active clients with a current count of 2,508,000,
&#8220;We are executing our transformation strategy with discipline and, during the&nbsp;fourth quarter, we delivered results at the high end of our&nbsp;guidance&nbsp;on both the top and bottom line,&#8221; said Matt Baer, CEO, Stitch Fix.
Guidance: Stitch Fix sees net revenue between $303 million and $310 million for the 2025 fiscal-year first quarter.
Analyst Changes: Following the earnings report, several analysts issued price target adjustments.
<ul>
<li>Telsey Advisory Group analyst Dana Telsey maintained a Market Perform rating on Stitch Fix and maintained a $4&nbsp;price target.</li>
<li>Canaccord Genuity analyst Maria Ripps maintained a Hold rating on Stitch Fix and lowered the price target from&nbsp;$4.5&nbsp;to&nbsp;$3.5.</li>
</ul>
See Also: <a href="https://www.benzinga.com/news/24/09/41010963/nvidia-stock-is-ripping-higher-tuesday-whats-going-on?itm_source=parsely-api">Nvidia Stock Is Ripping Higher Tuesday: What&#8217;s Going On?</a>
SFIX Price Action: At the time of writing, Stitch Fix shares are moving 36% lower at $2.40 per data from <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>.
Image: Photo courtesy of Stitch Fix

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