Short interest for Izotropic gives investors a sense of the degree to which investors are betting on the decline of Izotropic's stock. Short interest data is updated every two weeks.

Izotropic Stock (OTC:IZOZF), Short Interest Report

Izotropic Corp is a research and development company specializing in cancer research and early detection for breast cancer. The Izotropic Breast CT Imaging System, IZOview produces high-resolution breast images in 3D. The company has a worldwide license from the University of California to commercialize the technology.

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Stocks That Hit 52-Week Highs On Tuesday

Izotropic Corp

BMO Capital analyst John McNulty maintains Ashland (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ASH#NYSE">ASH</a>) with a Market Perform and raises the price target from $97 to $105.

Price Target

Analyst Ratings

BMO Capital Maintains Market Perform on Ashland, Raises Price Target to $105

WIIM

AXON

Axon Enterprise shares are trading lower. The company reported Q1 financial results.

Barclays analyst Dan Levy maintains Adient (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ADNT#NYSE">ADNT</a>) with a Equal-Weight and lowers the price target from $37 to $34.

ADNT

Barclays Maintains Equal-Weight on Adient, Lowers Price Target to $34

FWRG

First Watch Restaurant shares are trading lower after the company cut its FY24 outlook.

&#8220;I recommend investing in Argentina&#8221; — a few words from Elon Musk on social media platform X bolstered Argentine assets to new heights, underscoring investor confidence under new <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38659381/elon-musk-meets-bitcoin-supporting-president-javier-milei-again-i-recommend-investing-in-a">President Javier Milei&#8217;s administration.</a>
The Global X MSCI Argentine ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARGT#NYSE">ARGT</a>), which tracks the performance of leading Argentine stocks, registered over a 1% increase shortly after markets opened in New York. 
This marks the ETF&#8217;s eighth gain in nine sessions, culminating in a 54% rally since Milei&#8217;s election victory in November 2023.
The bullish sentiment extended to Argentine fixed-income assets, particularly dollar-denominated bonds. Notes maturing in July 2030 spiked to 55 cents on the dollar, more than doubling their value since the election of the libertarian President, who many now regard as having a Midas touch on the nation&#8217;s financial market.
Investor optimism has been particularly robust within the banking sector. Shares in major Argentine banks like Banco Macro S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BMA#NYSE">BMA</a>), Grupo Financiero Galicia S.A. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GGAL#NASDAQ">GGAL</a>), and Banco BBVA Argentina S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAR#NYSE">BAR</a>) soaring by more than 100% since the start of the year.
<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">I recommend investing in Argentina <a href="https://t.co/DIrcf8TsLN">https://t.co/DIrcf8TsLN</a>
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1787654457339342932?ref_src=twsrc%5Etfw">May 7, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Chart: Milei&#8217;s Midas Touch On Argentine Stocks, Banks
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="495" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/07094737/image-43-1024x495.png" alt="" class="wp-image-326127" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/07094737/image-43-1024x495.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/07094737/image-43-300x145.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/07094737/image-43-768x372.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/07094737/image-43-1536x743.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/07094737/image-43.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
<h3 class="wp-block-heading">Argentina&#8217;s Central Bank Slashes Rates As Monthly Inflation</h3>
Earlier this month, Argentina&#8217;s central bank made a significant move by cutting the benchmark interest rate by 10 percentage points to 50%. 
This adjustment, the fifth since December and third in three weeks, was prompted by a noticeable slowdown in monthly inflation. 
At the end of 2023, the monthly inflation rate in Argentina surged to 25%, indicating a perilous path towards hyperinflation. 
March&#8217;s inflation data revealed a slowdown to 11% month-over-month, lower than the anticipated 12.1%.
In addition, Milei&#8217;s administration bolstered the country&#8217;s fiscal measures. In the first quarter of the year, Argentina achieved the first budget surplus in 16 years. 
&#8220;If the state does not spend more than it collects and does not issue (money), there is no inflation. This is not magic,&#8221; Milei stated.
<h3 class="wp-block-heading">IMF Commends Argentine Efforts</h3>
The International Monetary Fund (IMF) has praised Argentina for its &#8220;ambitious stabilization plan,&#8221; noting the country&#8217;s progress in restoring macroeconomic stability, as Julie Kozack, head of the Communications Department at the IMF, said in April. 
With improved fiscal management, rebuilding of international reserves, and better-than-expected inflation control, Argentina is seeing positive changes in key economic indicators.
In February, the IMF approved an immediate disbursement of $4.7 billion to Argentina, part of a larger effort to support the country&#8217;s economic reforms. This brings the total IMF disbursements under the current arrangement to approximately $40.6 billion.
Looking ahead, the Argentine government&#8217;s commitment to fiscal discipline and inflation control sets a promising course for continued economic recovery. With international support and robust policy measures, Argentine assets could continue to witness the continuation of their bullish momentum. 
Now Read: <a href="https://www.benzinga.com/news/24/05/38669520/elon-musk-is-all-hearts-for-jack-dorsey-calling-x-freedom-technology-after-quitting-twitter-killer-b">Elon Musk Is All Hearts For Jack Dorsey Calling X &#8216;Freedom Technology&#8217; After Quitting Twitter-Killer Bluesky</a>
Image: Shutterstock

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ARGT

GGAL

Elon Musk Endorses Argentine Stocks; Bond, ETF Rally Persists In Wake Of Milei's Election Victory

BMO Capital analyst Greg Jones initiates coverage on NextSource Materials (TSX:<a class="ticker" href="https://www.benzinga.com/stock/NEXT#TSX">NEXT</a>) with a Market Perform rating and announces Price Target of C$1.

Initiation

TSX:NEXT

BMO Capital Initiates Coverage On NextSource Materials with Market Perform Rating, Announces Price Target of C$1

Barclays analyst Ryan Macwilliams maintains Zeta Global Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZETA#NYSE">ZETA</a>) with a Overweight and raises the price target from $15 to $18.

ZETA

Barclays Maintains Overweight on Zeta Global Holdings, Raises Price Target to $18

TALK

Talkspace shares are trading lower following Q1 earnings.

RBC Capital analyst Shelby Tucker maintains Constellation Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CEG#NASDAQ">CEG</a>) with a Sector Perform and raises the price target from $119 to $211.

RBC Capital Maintains Sector Perform on Constellation Energy, Raises Price Target to $211

TVTX

Travere Therapeutics shares are trading higher following Q1 earnings.

Barclays analyst Mathieu Robilliard maintains Liberty Latin America (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LILA#NASDAQ">LILA</a>) with a Equal-Weight and lowers the price target from $9 to $8.

LILA

Barclays Maintains Equal-Weight on Liberty Latin America, Lowers Price Target to $8

RBC Capital analyst Jonathan Atkin maintains Crown Castle (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCI#NYSE">CCI</a>) with a Sector Perform and lowers the price target from $109 to $100.

RBC Capital Maintains Sector Perform on Crown Castle, Lowers Price Target to $100

No Shareholder Action Required at This Time
WASHINGTON, May 7, 2024 /PRNewswire/ -- Vanda Pharmaceuticals Inc. ("Vanda" or the "Company") (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VNDA#NASDAQ">VNDA</a>) today confirmed that it has received a revised unsolicited proposal from Future Pak, LLC ("Future Pak") to acquire the Company. The revised proposal consists of a $7.25 to $7.75 per share in cash plus certain Contingent Value Rights ("CVRs"). The amended proposal follows Vanda's review and rejection of a prior unsolicited proposal from Future Pak to acquire the Company for $7.25-$7.75 per share.
Consistent with its fiduciary duties, and in consultation with its independent financial and legal advisors, Vanda's Board of Directors will carefully review and evaluate the revised unsolicited proposal to determine the course of action that it believes is in the best interests of Vanda and its shareholders.
Vanda does not intend to comment further on the revised, unsolicited proposal before the Board has completed its review.
There is no action for shareholders to take at this time.

VNDA

Vanda Pharmaceuticals Confirms Receipt Of Revised Unsolicited Takeover Proposal From Future Pak; Says 'Co Does Not Intend To Comment Further On The Revised, Unsolicited Proposal Before The Board Has Completed Its Review'

Barclays analyst Matt Miksic maintains Edwards Lifesciences (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EW#NYSE">EW</a>) with a Overweight and raises the price target from $100 to $101.

Barclays Maintains Overweight on Edwards Lifesciences, Raises Price Target to $101

RBC Capital analyst Rishi Jaluria maintains Palantir Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) with a Underperform and raises the price target from $5 to $9.

PLTR

RBC Capital Maintains Underperform on Palantir Technologies, Raises Price Target to $9

REAX

Real Brokerage shares are trading lower following mixed Q1 financial results.

Macro Economic Events

Economics

iShares MSCI Israel Capped Investable Market Index Fund

ISRA

Israeli PM Netanyahu Says Hamas' Proposal Falls Far Short Of Israel's Essential Demands

<a href="https://www.handelsblatt.com/unternehmen/industrie/elektromobilitaet-tesla-legt-produktion-in-gruenheide-fuer-vier-tage-still/100037131.html">https://www.handelsblatt.com/unternehmen/industrie/elektromobilitaet-tesla-legt-produktion-in-gruenheide-fuer-vier-tage-still/100037131.html</a>
Düsseldorf. Due to the announced <a href="https://www.handelsblatt.com/dpa/protest-gegen-tesla-polizei-rechnet-mit-groesserem-einsatz/29790196.html">protests against the Tesla expansion in Grünheide, which will last several days, the electric car manufacturer is sending all employees to work from </a><a href="https://www.handelsblatt.com/themen/homeoffice">home</a> on Friday . <a href="https://www.handelsblatt.com/boerse/isin/S48116">Tesla</a> announced thisThe workforce was informed in an email dated Monday, which was made available to Handelsblatt. For employees in vehicle production, Friday is a bridge day.
Production ends with the late shift on Wednesday and only begins again with the night shift on Sunday. "Without explicit instructions and permission from your manager, no access to the premises or the factory is possible," the email states. This also applies to all suppliers and contractors.
In addition, there will be no buses or trains running to and from the German <a href="https://www.handelsblatt.com/themen/tesla">Tesla</a> factory between Thursday and Sunday. Tesla justified the measures with the police measures in the wake of the protests and "the corresponding recommendation of the responsible authorities".
<h3>Tesla faces resistance with factory expansion</h3>
Activists have announced <a href="https://www.handelsblatt.com/dpa/tesla-protestcamp-aktivisten-kuendigen-weitere-aktionen-an/29787080.html">several protests against Tesla's planned factory expansion in Grünheide for the coming week</a> , including a rally outside the factory gates on Friday. Among other things, they want to stop the clearing of a forest area. The police are expecting a major operation, but are not expecting any riots so far.
There has been resistance to the expansion of the Tesla factory for some time. Environmental activists occupied a piece of forest near the factory. They are supported by the Grünheide Citizens' Initiative. The majority of residents had spoken out against the expansion in a survey.
The vote is not binding; the state of <a href="https://www.handelsblatt.com/themen/brandenburg">Brandenburg</a> will decide on the expansion . During a visit to the factory in Grünheide in March, Tesla CEO Musk said that he was sticking to his expansion plans. Tesla wants to expand the factory site by 120 hectares in several steps.

Management

TSLA

"Tesla Shuts Down Production In Grünheide For Four Days; Company Is Preparing For The Announced Demonstrations Against The Factory Expansion. All Employees Are Required To Work From Home" - Handelsblatt

EVgo Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EVGO#NASDAQ">EVGO</a>) reported first-quarter FY24 sales growth of 118.2% year-on-year to $55.16 million, beating the analyst consensus estimate of $52.389 million.
Revenue growth&nbsp;was primarily driven&nbsp;by year-over-year&nbsp;increases in charging revenues and&nbsp;eXtend&nbsp;revenue.
EVgo&#8217;s network throughput for the quarter was 53 Gigawatt-hours (GWh), a 194% Y/Y jump.
Adjusted EBITDA loss was $(7.2) million versus $(20) million last year. EPS of $(0.09) <a href="https://www.benzinga.com/calendars/earnings" target="_blank" rel="noreferrer noopener">beat the analyst consensus estimate of $(0.14).</a>
Gross profit for the quarter was $6.8 million versus $41 thousand last year. Adjusted gross margin expanded 600 basis points to 31.3%
The company added approximately 109,000 new customer accounts during the first quarter, bringing the overall number of customer accounts to approximately 981,000 at quarter-end.
Ended the quarter with over 3,780 stalls in operation or under construction, including EVgo eXtend stalls. EVgo ended the quarter with 130 operational EVgo eXtend stalls.
EVgo held $175.5 million in cash and equivalents as of March-end.
&#8220;EVgo&#8217;s business continues to grow and achieve record results, demonstrating the strength of our business model of owning and operating a fast-charging network as more Americans drive electric vehicles,&#8221; said CEO Badar Khan.
EVgo also announced that Olga Shevorenkova will be stepping down as Chief Financial Officer and departing the company, effective on or about May 31.
Stephanie Lee, EVP of Accounting &amp; Finance, will serve as Interim CFO from&nbsp;the time of&nbsp;Olga&#8217;s departure until a permanent successor joins the company.
Outlook Reaffirmed: EVgo expects 2024 revenue of $220 million &#8211; $270 million against the consensus of $251.728 million.
EVGO expects an adjusted EBITDA of $(48) million &#8211; $(30) million.&nbsp;
Price Action: EVGO shares traded lower by 5.03% at $1.89 at the last check Tuesday.
Photo via Wikimedia Commons

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EVGO

What's Happening With EV Charging Provider EVgo Shares Today?

JELD

JELD-WEN shares are trading lower after the company lowered its 2024 revenue guidance.