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

Kinetic Gr Stock (OTC:KNIT), Short Interest Report

Kinetic Group Inc is a telecommunications company focused on owning, operating, and building wireless infrastructure for international mobile carriers in Latin America. The company rents operate and build tower/rooftop/unconventional infrastructure, fiber optic networks, DAS, and telecommunication equipment for MNO's.

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Stocks That Hit 52-Week Highs On Monday

Kinetic Group Inc

<a href="https://www.usnews.com/news/world/articles/2024-04-29/vale-bhp-propose-25-billion-deal-to-settle-reparations-for-mariana-disaster#:~:text=SAO%20PAULO%20(Reuters)%20%2D%20Vale,people%20and%20left%20hundreds%20homeless.">https://www.usnews.com/news/world/articles/2024-04-29/vale-bhp-propose-25-billion-deal-to-settle-reparations-for-mariana-disaster#:~:text=SAO%20PAULO%20(Reuters)%20%2D%20Vale,people%20and%20left%20hundreds%20homeless.</a>
Vale, BHP and their joint venture Samarco have presented Brazilian authorities with a settlement proposal related to reparations for the 2015 Mariana tailings dam burst, which killed 19 people and left hundreds homeless.
The proposal, the Brazilian mining giant said in a securities filing on Monday, foresees the total payment of 127 billion reais ($24.88 billion), including 37 billion reais already disbursed.

Legal

VALE

"Vale, BHP Propose $25B Deal To Settle Reparations For Mariana Disaster" - U.S. News

Bank of Marin (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BMRC#NASDAQ">BMRC</a>) reported quarterly earnings of $0.18 per share which missed the analyst consensus estimate of $0.26 by 30.77 percent. This is a 69.49 percent decrease over earnings of $0.59 per share from the same period last year. The company reported quarterly sales of $22.694 million which missed the analyst consensus estimate of $24.847 million by 8.66 percent. This is a 30.88 percent decrease over sales of $32.834 million the same period last year.

Earnings

Earnings Misses

BMRC

Bank of Marin Q1 2024 GAAP EPS $0.18 Misses $0.26 Estimate, Sales $22.694M Miss $24.847M Estimate

CAUD

Collective Audience Launches Partnership With Insticator For Integration Of Co.'s AudienceCloud

Truist Securities analyst Brandon King maintains SouthState (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SSB#NYSE">SSB</a>) with a Hold and lowers the price target from $89 to $84.

Price Target

Analyst Ratings

Truist Securities Maintains Hold on SouthState, Lowers Price Target to $84

Truist Securities analyst Brandon King maintains Seacoast Banking (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBCF#NASDAQ">SBCF</a>) with a Hold and lowers the price target from $27 to $25.

SBCF

Truist Securities Maintains Hold on Seacoast Banking, Lowers Price Target to $25

Vivakor (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VIVK#NASDAQ">VIVK</a>) reported quarterly losses of $(0.18) per share. This is a 76.32 percent increase over losses of $(0.76) per share from the same period last year. The company reported $13.87 million in sales this quarter. This is a 15.10 percent decrease over sales of $16.34 million the same period last year.

VIVK

On Wednesday April 17, 2024, Vivakor Reported Q4 EPS $(0.18) Up From $(0.76) YoY, Sales $13.87M Down From $16.34M YoY

Truist Securities analyst Brandon King maintains Cullen/Frost Bankers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CFR#NYSE">CFR</a>) with a Hold and lowers the price target from $121 to $115.

Truist Securities Maintains Hold on Cullen/Frost Bankers, Lowers Price Target to $115

Jefferies analyst Sheila Kahyaoglu upgrades General Dynamics (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GD#NYSE">GD</a>) from Hold to Buy and raises the price target from $305 to $335.

Upgrades

Jefferies Upgrades General Dynamics to Buy, Raises Price Target to $335

Biotech

General

Cardio Diagnostics Holdings Inc. - Common stock

CDIO

Cardio Diagnostics Announces Publication Of Results From Budget Impact Modeling Study For PrecisionCHD

Atossa Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATOS#NASDAQ">ATOS</a>) ("Atossa" or the "Company") today announced an expanded research agreement with Weill Cornell Medicine to explore the potential synergy between antibody drug conjugates (ADCs) and (Z)-endoxifen. Atossa is a clinical stage biopharmaceutical company developing innovative medicines in areas of significant unmet medical need in oncology with a focus on breast cancer. &nbsp;
The expanded research agreement with Weill Cornell will build on previously conducted in silico research that determined a strong clinically relevant anti-tumor effect when combining ADCs and (Z)-endoxifen. Specifically, the artificial intelligence modeling showed that the combination of (Z)-endoxifen with ADCs will enhance the pro-apoptotic effects seen after administration of either therapy alone. This computer-based analysis was further validated by previously published preclinical studies looking at the effect of selective estrogen receptor modulator (SERM) and chemotherapy combination strategies. Seven key opinion leaders also confirmed the strong scientific rationale and proposed efficacy of combining (Z)-endoxifen with ADCs in patients with advanced breast cancer.
ADCs are a specially designed class of therapeutics that target cancer cells expressing specific antigens using directed antibody-drug delivery. The therapies bind to targets on the cell, causing the release of a cytotoxic drug designed to kill the cancer cell. The Weill Cornell research will focus on the combination of (Z)-endoxifen and two FDA-approved ADCs, TRODELVY&#xAE; and ENHERTU&#xAE;. Both are currently approved as monotherapies to treat metastatic breast cancer. Additionally, TRODELVY is approved to treat adults with metastatic bladder and urinary tract cancers.
"The in silico modeling analysis identified multiple synergistic mechanism of actions of ADCs and (Z)-endoxifen, including cell cycle arrest and upregulation of pro-apoptotic mechanisms," said Dr. Steven Quay, Atossa's President and Chief Executive Officer. "This means that the combination may be far greater than the sum of the individual parts. The work we are doing with Weill Cornell is designed to validate the in silico modeling in well-established cell culture models of breast cancer. Once we have this data, we expect to move quickly into a clinical study investigating a (Z)-endoxifen / ADC combination in patients with late-line metastatic breast cancer."

ATOS

Atossa Therapeutics Announces Expanded Research Agreement With Weill Cornell Medicine To Further Evaluate Synergy Between Antibody Drug Conjugates And (Z)-Endoxifen

DPRO

Draganfly Prices 13,513,514 Unit Securities Purchase Agreement With Institutional Investor; Each Unit Was Sold At $0.259 For Gross Proceeds Of $3.5M

The Board of Directors has Accepted the Resignation of Lars Norell as co-CEO and Appointed Gregg Felton as sole Chief Executive Officer
Altus Power, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMPS#NYSE">AMPS</a>) ("Altus Power" or the "Company") announced today that the Board of Directors has accepted the resignation of Lars Norell as a co-CEO and as a director of the Company, effective April 26, 2024, and has appointed Gregg Felton as sole Chief Executive Officer of the Company. Mr. Felton will assume all of the duties formerly performed by Mr. Norell.
Christine Detrick, Chairperson of Altus Power, said, "The Board has confidence that Gregg will move Altus Power forward with positive momentum and drive long-term shareholder value creation. We express our thanks to Lars for his years of service to the Company."
Robert Bernard, CBRE's Chief Sustainability Officer, and an Altus Power Director, stated, "Our partnership with Altus Power provides a unique solution that helps CBRE clients reduce their carbon footprints. Gregg has been integral to our partnership and I look forward to continuing to work with him as he leads Altus forward."
Robert Horn, Global Head of Infrastructure and Asset-Based Credit at Blackstone, added, "We continue to be excited about partnering with Altus Power by providing the Company with large scale and efficient financing. We have a high degree of confidence in Gregg and his ability to lead and add value for the Company."
Lars Norell stated, "It's been an incredible journey since the founding of Altus Power 15 years ago and the Company's vision to deliver clean power to its customers is as relevant today as it was when we started. It's been a privilege collaborating with Gregg to assemble this team; his exceptional talent and drive position him perfectly to continue to grow the Company. My experience at Altus Power has been invaluable."
Gregg Felton commented, "I want to thank Lars for his long-term vision, years of dedication, and close partnership in creating this company of amazing, passionate individuals who have worked together to build the largest commercial-scale solar company in the country. I am honored to lead the Company forward, and the team and I remain very optimistic about the future of Altus Power."
The Company is reaffirming our full year guidance for 2024, which it announced on March 14, 2024 and will discuss its outlook and strategy at its first Investor Day on May 14, 2024.

Guidance

Management

AMPS

Altus Power Announces CEO Transition, Board Of Directors Has Accepted The Resignation Of Lars Norell As Co-CEO And Appointed Gregg Felton As Sole Chief Executive Officer; Reaffirms Full Year Guidance For 2024

MBOT

Microbot Medical Announces Results From First Phase Of Its Collaboration With Corewell Health

Franklin Resources Ending AUM $1.6447T At Mar. 31

WIIM

SLNO

Soleno Therapeutics shares are trading higher after the company announced it received Breakthrough Therapy Designation from the FDA for DCCR extended-release tablets in Prader-Willi Syndrome.

Mizuho analyst Christopher Parkinson maintains LyondellBasell Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYB#NYSE">LYB</a>) with a Neutral and raises the price target from $98 to $108.

Mizuho Maintains Neutral on LyondellBasell Industries, Raises Price Target to $108

As of April 29, 2024, four stocks in the industrials sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the <a href="https://www.benzinga.com/topic/rsi">RSI is above 70</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>.  
Here's the latest list of major overbought players in this sector.
<h3 class="wp-block-heading">Danaos Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAC#NYSE">DAC</a>)</h3>
<ul>
<li>On Feb. 13, Danaos posted downbeat quarterly results. The company's stock gained around 3% over the past five days and has a <a href="https://www.benzinga.com/quote/DAC">52-week high of $80.39</a>.</li>
<li>RSI Value: 70.03&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</li>
<li>DAC Price Action: Shares of Danaos gained 1.7% to close at $75.21 on Friday.</li>
</ul>
<h3 class="wp-block-heading">Westinghouse Air Brake Technologies Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WAB#NYSE">WAB</a>)</h3>
<ul>
<li>On April 24, Wabtec reported better-than-expected first-quarter financial results and raised its 2024 guidance. "Looking ahead, we continue to see underlying customer demand for our products and solutions. Our orders pipeline and 12-month backlog continue to be strong, which provides visibility for profitable growth ahead. Our team is focused on product innovation, disciplined cost management, and relentless execution for our customers. These factors, coupled with our strong Q1 results, give us confidence to raise our full-year 2024 guidance," commented Rafael Santana, Wabtec's President and CEO. The company's stock gained around 14% over the past five days and <a href="https://www.benzinga.com/quote/WAB">has a 52-week high</a> of $167.49.</li>
<li>RSI Value: 82.14</li>
<li>WAB Price Action: Shares of Westinghouse Air Brake Technologies gained 0.7% to close at $164.36 on Friday.</li>
</ul>
<h3 class="wp-block-heading">JanOne Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JAN#NASDAQ">JAN</a>)</h3>
<ul>
<li>On March 15, JanOne regained compliance with Nasdaq&#8217;s listing requirements. The company's stock gained around 98% over the past month and has a <a href="https://www.benzinga.com/quote/JAN">52-week high </a> of $5.11.</li>
<li>RSI Value: 77.93</li>
<li>JAN Price Action: Shares of JanOne gained 8.3% to close at $5.10 on Friday.</li>
</ul>
<h3 class="wp-block-heading">Tutor Perini Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TPC#NYSE">TPC</a>)</h3>
<ul>
<li>On April 25, Tutor Perini reported better-than-expected first-quarter financial results and issued FY24 EPS guidance. The company's stock jumped around 34% over the past five days and has a 52-week high is $17.95.</li>
<li>RSI Value: 78.91</li>
<li>TPC Price Action: Shares of Tutor Perini gained 28% to close at $17.78 on Friday.</li>
</ul>
Check This Out: <a href="https://www.benzinga.com/news/earnings/24/04/38482020/investor-optimism-improves-following-earnings-reports-us-stocks-notch-weekly-gains">Investor Optimism Improves Following Earnings Reports; US Stocks Notch Weekly Gains</a>

Short Ideas

Pre-Market Outlook

Top 4 Industrials Stocks That May Collapse This Quarter

Eli Lilly and Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LLY#NYSE">LLY</a>) is set to report first-quarter earnings <a href="https://www.benzinga.com/quote/LLY/earnings">on Tuesday, April 30.</a>
Analysts expect the Indianapolis, Indiana-based company&#8217;s quarterly earnings to be $2.46 per share, up from $1.62 per share in the year-ago period. Eli Lilly is projected to post revenue of $8.92 billion, compared to $6.96 billion in the year-earlier quarter, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Fresh off its <a href="https://www.benzinga.com/general/biotech/24/04/38363518/eli-lilly-aims-to-close-supply-demand-gap-for-zepboundmounjaro-as-it-acquires-manufacturing-facil">acquisition of a manufacturing facility</a> from Nexus Pharmaceuticals, some investors may be eyeing potential gains from the company's dividends. Eli Lilly currently offers an annual dividend yield of 0.71%, which is a quarterly dividend amount of $1.30 per share ($5.20 a year).
So, how can investors exploit its dividend yield to pocket a regular $500 monthly?
To earn $500 per month or $6,000 annually from dividends alone, you would need an investment of approximately $846,471 or around 1,154 shares. For a more modest $100 per month or $1,200 per year, you would need $169,441 or around 231 shares.
Read This: <a href="https://www.benzinga.com/news/earnings/24/04/38482020/investor-optimism-improves-following-earnings-reports-us-stocks-notch-weekly-gains">Investor Optimism Improves Following Earnings Reports; US Stocks Notch Weekly Gains</a>
To calculate: Divide the desired annual income ($6,000 or $1,200) by the dividend ($5.20 in this case). So, $6,000 / $5.20 = 1,154 ($500 per month), and $1,200 / $5.20 = 231 shares ($100 per month).
Note that dividend yield can change on a rolling basis, as the dividend payment and the stock price both fluctuate over time.
How that works: The dividend yield is computed by dividing the annual dividend payment by the stock&#8217;s current price.
For example, if a stock pays an annual dividend of $2 and is currently priced at $50, the dividend yield would be 4% ($2/$50). However, if the stock price increases to $60, the dividend yield drops to 3.33% ($2/$60). Conversely, if the stock price falls to $40, the dividend yield rises to 5% ($2/$40).
Similarly, changes in the dividend payment can impact the yield. If a company increases its dividend, the yield will also increase, provided the stock price stays the same. Conversely, if the dividend payment decreases, so will the yield.
LLY Price Action: Shares of Eli Lilly rose 1.2% to close at $733.51 on Friday.
Read More: <a href="https://www.benzinga.com/news/earnings/24/04/38482010/dominos-pizza-yum-china-and-3-stocks-to-watch-heading-into-monday">Domino&#8217;s Pizza, Yum China And 3 Sto</a><a href="https://www.benzinga.com/news/earnings/24/04/38482010/dominos-pizza-yum-china-and-3-stocks-to-watch-heading-into-monday">cks To Watch Heading Into Monday</a>
Image: Shutterstock

Long Ideas

How To Earn $500 A Month From Eli Lilly Stock Ahead Of Q1 Earnings Report

Multi-Theatre Deal More than Doubles IMAX Footprint in Growing Filipino Market

IMAX

IMAX And SM Cinema Expand Longstanding Partnership With 10 IMAX With Laser Systems In Philippines

Tesla CEO Elon Musk has once again voiced his support for making legal immigration easier and quicker.
What Happened: On Monday, Musk responded to a post by Sriram Krishnan on X where he posted one of the episodes of his podcast, &#8220;The Aarthi and Sriram Show.&#8221; 
In the episode, Krishnan and his co-host Aarthi Ramamurthy discuss the hardships of immigration of skilled labor, the paranoia of getting one&#8217;s visa rejected and being asked to leave the country and how the issue is often &#8220;bundled up&#8221; with illegal immigration, making it difficult to solve.
Musk responded, &#8220;We need to make legal immigration much easier and faster.&#8221;
<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 need to make legal immigration much easier and faster
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1784786687098573294?ref_src=twsrc%5Etfw">April 29, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/04/38441703/billionaire-ron-baron-calls-the-bottom-in-tesla-stock-says-shares-will-go-up-huge-from-h?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Billionaire Ron Baron Calls The Bottom In Tesla Stock, Says Shares Will &#8216;Go Up Huge&#8217; From Here: &#8216;It&#8217;s Lik</a>
Why It Matters: This isn&#8217;t the first time Musk has expressed such views. He has previously highlighted the importance of <a href="https://www.benzinga.com/news/24/04/38141313/elon-musk-calls-for-easier-us-immigration-system-for-skilled-workers-very-important-to-make-it-easy">simplifying the immigration process </a>for skilled individuals, and has criticized the current system for being <a href="https://www.benzinga.com/news/24/03/37573179/elon-musk-blames-bizarrely-difficult-and-agonizingly-slow-legal-process-to-immigrate-to-us-for-unvet">&#8220;bizarrely difficult and agonizingly slow.&#8221;</a>
He has also criticized policies that <a href="https://www.benzinga.com/news/24/03/37981583/elon-musk-slams-new-york-citys-53m-pilot-program-for-illegal-immigrants-taxes-citizens-and-gives-the">he believes encourage illegal immigration. </a>For instance, he slammed New York City&#8217;s $53 million pilot program to provide prepaid debit cards to illegal immigrants, arguing that it taxes citizens to give money to illegal immigrants. 
Read Next: <a href="https://www.benzinga.com/news/24/04/38479082/elon-musk-gives-one-word-response-to-joe-bidens-dig-at-donald-trump-at-white-house-correspondents-di?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Gives One-Word Response To Joe Biden&#8217;s Dig At Donald Trump At White House Correspondents&#8217; Dinner</a>
Photo generated using Midjourney
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Politics

Elon Musk Advocates For 'Easier And Simplified' Legal Immigration Process Amid Migrant Influx

KINETIC GROUP, INC. SIGNS MOU TO ACQUIRE PROFITABLE AI COMPANY OFFERING DIGITAL TRANSFORMATION SOLUTIONS TO ENTERPRISES

Kinetic Group, Inc. Finalizes Acquisition of Binnops US Technologies Inc- An AI Company Providing Digital Transformation Solutions to Enterprises

ticker ▲▼	Name ▲▼	Effective Date ▲▼	% of Float Shorted ▲▼	Float ▲▼	Short Interest ▲▼	Volume ▲▼	Days to Cover ▲▼	Get Alert
KNIT	Kinetic Group Inc Common Stock	01/24/2024	—	12,391,975	600	758	1	Get Alert
KNIT	Kinetic Group Inc Common Stock	06/27/2022	—	5,010,200	43	550	1	Get Alert