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

Purple Innovation Stock (NASDAQ:PRPL), Short Interest Report

Purple Innovation

Purple Innovation Inc is a comfort innovation company. The company designs, manufactures and sells a range of comfort technology offerings, including mattresses, a pillow, cushions, sheets, bed platforms, and other products. It sells its products through online channels, traditional wholesale partners and third-party online retailers.

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PRPL

Purple Innovation, Inc.  (NASDAQ: PRPL) reported upbeat fourth-quarter results on Tuesday.

Purple Innovation Analysts Boost Their Forecasts After Upbeat Q4 Results

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Shares of BlackBerry Limited (NYSE: BB) fell sharply during Wednesday’s session after the company announced a proposed private offering of $160 million of convertible senior notes.

BlackBerry shares tumbled 17.2% to $2.9387 on Wednesday.

Why BlackBerry Shares Are Trading Lower By Over 17%? Here Are Other Stocks Moving In Wednesday&#39;s Mid-Day Session

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Amidst fanfare for Nasdaq 100, U.S. small-cap stocks rally, with Russell 2000 index reaching levels not seen since Aug. 2022, 80% of stocks trading above 50-day MA, outperforming large caps &amp; Tech-heavy QQQ ETF by 11.4% (MTD)

Russell 2000 Rallies To 16-Month Highs: Best Performing Small-Cap Stocks Popping Over 80% In December

Purple Innovation Inc

New York-listed shares of ZEEKR Intelligent Technology Holding Limited&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZK#NYSE">ZK</a>) closed nearly 35% higher than <a href="https://www.benzinga.com/markets/equities/24/05/38756035/chinas-zeekr-prices-us-ipo-at-top-end-of-estimated-range-whats-on-the-cards">its initial public offering price</a> on its first day of trading on Friday. 
What Happened: ZEEKR, the global electric mobility technology brand of Chinese automaker&nbsp;Geely Automobile&nbsp;Holding&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/GELYY#OTC">GELYY</a>), had priced its U.S. initial public offering (IPO) of&nbsp;21 million American Depositary Shares (ADS) at&nbsp;$21&nbsp;per share. 
The shares of Tesla Inc&#8217;s Chinese rival closed at $28.26 on Friday after opening at $26, giving the company a fully diluted valuation of $6.8 billion.
"There are huge demands and opportunities in the global new energy vehicle market. Zeekr is positioned as a premium electric mobility brand and is an important pillar supporting Geely's electric transformation. I believe that Zeekr will be able to seize this historic opportunity and become a sustainable business that unlocks long-term value for users, investors and society,&#8221; Geely Holding Chief Executive Daniel Li said. Geely also owns Volvo Cars and Lotus Cars.
Why It Matters: Zeekr started delivering its vehicles in October 2021, and the brand has delivered over 240,000 vehicles to date. The company has announced plans to sell vehicles in European, Middle Eastern, and other Asian markets. 
Zeekr disclosed a surge in total revenue to 51.67 billion yuan&nbsp;($7.15 billion)&nbsp;in 2023, but its net loss widened to 8.26 billion yuan.&nbsp;
Zeekr&#8217;s debut on the New York Stock Exchange comes as other U.S. EV makers have been<a href="https://www.benzinga.com/news/24/05/38699990/tesla-stock-is-sliding-wednesday-whats-going-on"> facing a stock slump</a>. Tesla stock has slumped 32.2% year-to-date while Rivian stock has slumped nearly 52.7%. 
Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a href="http://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
Read More:&nbsp;<a href="https://www.benzinga.com/news/24/05/38729359/hertz-customer-fumes-after-car-rental-company-charges-him-277-for-refueling-tesla-and-refuses-to-rei" target="_blank" rel="noreferrer noopener">Hertz Customer Fumes After Being Billed $277 For ‘Refueling&#8217; Tesla, Car-Rental Company Says It Will Refund ‘Erroneous&#8217; Charge</a>
Image Credits &#8211; Shutterstock

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GELYY

Chinese Tesla Rival Zeekr Soars 35% On NYSE Debut, Valuation Hits $6.8B

Elon Musk hit back at the Australian Prime Minister Anthony Albanese after he talked about the need for a "social license" as <a href="https://www.benzinga.com/government/24/05/38751844/australia-calls-for-inquiry-into-metas-facebook-elon-musks-x-tiktok-to-make-these-platforms-accounta">his government intensified scrutiny</a> of social media platforms.
What Happened: Musk, the single largest shareholder of X, formerly Twitter, slammed the Australian government, implying that a "social license" would amount to "suppressing" the rights of Australians.
His response was in reaction to the Australian government&#8217;s criticism of social media platforms for not promptly removing violent posts. The government is seeking more oversight over content posted on Meta&#8217;s Facebook, TikTok, and Musk&#8217;s X.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
"With social media comes the need for a social license and a social responsibility," Albanese said in a press conference.
Reacting to it, Musk posted, "I doubt that the people of Australia agree with suppressing their rights."
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I doubt that the people of Australia agree with suppressing their rights <a href="https://t.co/FXh0crGGYH">https://t.co/FXh0crGGYH</a>
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1789039218607747137?ref_src=twsrc%5Etfw">May 10, 2024</a></blockquote>
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See Also: <a href="https://www.benzinga.com/news/24/05/38759440/elon-musk-gets-another-vote-of-confidence-from-twitter-co-founder-jack-dorsey-elon-made-the-right-ch">Elon Musk Gets Another Vote Of Confidence From Twitter Co-Founder Jack Dorsey: &#8216;Elon Made…The Right Choice&#8217;</a>
Why It Matters: The Australian government has <a href="https://www.benzinga.com/news/24/04/38368734/elon-musk-hits-back-at-australias-leader-amid-row-over-removal-of-violent-video-from-x-does-the-pm-t">been at odds with Musk&#8217;s X</a> over a regulatory order to remove videos of a stabbing attack on an Assyrian church bishop in Sydney last month.
Earlier, the Australian government had announced a parliamentary inquiry into the operations of major social media platforms, including Meta Platforms Inc.'s Facebook, TikTok, and X, to address the influence of these platforms.
Albanese&#8216;s Labor government is already in a legal battle with Musk&#8217;s X over the regulatory order.
Musk, who has been vocal about free speech, has also been <a href="https://www.benzinga.com/news/24/04/38460718/elon-musk-weighs-in-after-x-user-says-banning-tiktok-sets-a-precedent-that-government-can-ban-any-ap">critical of the Biden administration's</a> TikTok ban bill, fearing that it sets a "precedent" for banning any other app the government does not like.
Check out more of&nbsp;Benzinga&#8217;s&nbsp;Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:&nbsp;<a href="https://www.benzinga.com/news/24/05/38727604/chuck-schumer-offers-to-provide-ai-regulation-framework-for-healthcare-labor-rights-and-doomsday-sce" target="_blank" rel="noreferrer noopener">Chuck Schumer Offers To Provide AI Regulation Framework For Healthcare, Labor Rights, And ‘Doomsday Scenarios' As US Looks To Catch Up With EU</a>
Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Social Media

Global

Elon Musk Slams Australian Government For Saying 'Social License' Is Required Amid Tussle With X: 'Doubt...People Of Australia Agree With Suppressing Their Rights'

Sam Altman, the CEO of OpenAI, shot down rumors that the AI startup is <a href="https://www.benzinga.com/news/24/05/38751052/googles-new-rival-may-finally-be-here-sam-altmans-openai-could-launch-it-just-ahead-of-search-giants">developing a search engine</a> or launching GPT-5. Instead, he confirmed that a May 13 event is scheduled to talk about "some new stuff" the company is working on.
What Happened: Altman took to X, formerly Twitter, on Friday to downplay rumors of OpenAI launching a search engine to take on Alphabet Inc.'s Google.
"Not GPT-5, not a search engine, but we've been hard at work on some new stuff we think people will love! Feels like magic to me.&#8221;
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
He did not provide any further details about the new projects.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">not gpt-5, not a search engine, but we've been hard at work on some new stuff we think people will love! feels like magic to me. monday 10am PT. <a href="https://t.co/nqftf6lRL1">https://t.co/nqftf6lRL1</a>
&mdash; Sam Altman (@sama) <a href="https://twitter.com/sama/status/1788989777452408943?ref_src=twsrc%5Etfw">May 10, 2024</a></blockquote>
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Curiously, Microsoft Corp.-backed (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) OpenAI's post points out that this "new stuff" includes demos of "some ChatGPT and GPT-4 updates" instead of something bigger.
See Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/05/38696261/prominent-apple-bull-reveals-surprise-takeaway-from-apples-ipad-launch-tim-cooks-ai?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Prominent Apple Bull Reveals Surprise Takeaway From Apple&#8217;s iPad Launch</a>
Why It Matters: Altman&#8217;s post comes at a time when <a href="https://www.benzinga.com/news/24/05/38751052/googles-new-rival-may-finally-be-here-sam-altmans-openai-could-launch-it-just-ahead-of-search-giants">OpenAI was reportedly set to announce its AI-powered search product</a>, potentially intensifying its rivalry with Google.
Altman&#8217;s post also follows OpenAI&#8217;s recent announcement of <a href="https://www.benzinga.com/news/24/05/38733370/openai-is-working-on-new-ai-image-detection-tools-in-busy-election-year-worldwide-to-tell-if-photos">new AI tools for image detection</a> and content authentication.
Moreover, this post comes after Altman&#8217;s recent <a href="https://www.benzinga.com/news/24/05/38611412/sam-altman-teases-gpt-5-openais-gpt-4-the-dumbest-model-people-will-have-to-ever-use-again-says-ceo">teasing of GPT-5</a> and calling GPT-4 the "dumbest model" people will ever have to use again. He also pointed out his commitment to developing artificial general intelligence (AGI) regardless of how much it costs.
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next: <a href="https://www.benzinga.com/news/24/05/38723527/elon-musk-agrees-meta-cant-be-trusted-after-zuckerberg-led-social-media-giant-hit-with-37m-fine-over?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Agrees &#8216;Meta Can&#8217;t Be Trusted&#8217; After Zuckerberg-Led Social Media Giant Hit With $37M Fine Over Data Sharing Practices</a>
Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

MSFT

OpenAI's Sam Altman Shoots Down Search Engine And GPT-5 Rumors, Teases May 13 Event: 'Some New Stuff…People Will Love'

Protestors against Tesla Inc&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) expansion efforts at its gigafactory in Berlin on Friday attempted to <a href="https://www.benzinga.com/markets/equities/24/05/38764576/tesla-german-gigafactory-faces-climate-protestors-friday-why-are-they-not-jailed-musk-asks">storm the company&#8217;s factory</a>, damaged several of the company&#8217;s EVs, and even injured several police officers.
What Happened: According to the protest organizing group Disrupt Tesla, about 800 people took part in the protests on Friday. The protestors are against the expansion of the company&#8217;s facilities, which they deem to be harmful to the environment. The EV giant is aiming to double the plant's capacity for battery production to 100-gigawatt hours and car production to 1 million units annually.
&#8220;Tesla stands for labor accidents, water scarcity, deforestation, environmental pollution and exploitation here and worldwide,&#8221; Disrupt Tesla alleged. 
As per the Police in Brandenburg, 16 people were taken into custody as of 7 p.m. on Friday. The protestors temporarily blocked roads and rail traffic and some even climbed over the fence at Neuhardenberg airfield and damaged 24 Tesla vehicles with paint. Though several tried to enter Tesla&#8217;s factory premises, they were prevented by police personnel, the police department said. 
Police measures and investigations are ongoing, they added.
Tesla CEO Reacts: Tesla CEO Elon Musk on Friday criticized the actions against the company. &#8220;Something super weird is going on, as Tesla was the only car company attacked!,&#8221; Musk said on X while also alleging that there is more to the attacks than what &#8220;meets the eye.&#8221;
&#8220;Any idea who is orchestrating and funding this?,&#8221; Musk asked in another post, hinting at a larger campaign against the company. However, he also claimed that there are a lot of protests around Germany over the week as it is &#8220;National Protest Week&#8221; in the European country.
Tesla had a <a href="https://www.benzinga.com/news/24/05/38691492/teslas-giga-berlin-shuts-down-but-not-for-as-long-as-you-thought-senior-exec-clarifies">one-day planned production shutdown at the factory</a> on Friday in anticipation of the protests. 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">This is fake news. Protesters did not manage to break through the fenceline. There are still 2 intact fence lines all around. Note, this is "National Protest Week" in Germany, so there are a lot of protests for many different reasons.
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1788935167374946335?ref_src=twsrc%5Etfw">May 10, 2024</a></blockquote>
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Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a href="http://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
Read More: <a href="https://www.benzinga.com/news/24/05/38729359/hertz-customer-fumes-after-car-rental-company-charges-him-277-for-refueling-tesla-and-refuses-to-rei" target="_blank" rel="noreferrer noopener">Hertz Customer Fumes After Being Billed $277 For ‘Refueling&#8217; Tesla, Car-Rental Company Says It Will Refund ‘Erroneous&#8217; Charge</a>
Image Courtesy: Tesla Inc

TSLA

Elon Musk Says 'Tesla Was The Only Car Company Attacked' After 16 Protesters Were Taken Into Custody In Berlin: 'There Is More To This Than Meets The Eye'

Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) reportedly closed in on a deal with ChatGPT-parent OpenAI to incorporate the <a href="https://www.benzinga.com/news/24/04/38474688/goodbye-google-gemini-apple-in-talks-with-microsoft-backed-openai-for-iphone-ai-features-report">startup&#8217;s technology into</a> iPhones, as part of a broader strategy to introduce artificial intelligence features to its devices.
What Happened: Apple is finalizing an agreement with Microsoft Corp.-backed (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) OpenAI to use ChatGPT features in iOS 18, the <a href="https://www.benzinga.com/news/24/03/37932418/apple-reportedly-readying-ios-18-with-home-screen-redesign-and-ai-upgrades">upcoming iPhone operating system</a>, <a href="https://www.bloomberg.com/news/articles/2024-05-11/apple-closes-in-on-deal-with-openai-to-put-chatgpt-on-iphone">reported</a> Bloomberg, citing people familiar with the matter.
Apple is <a href="https://www.benzinga.com/news/24/03/37771653/apple-in-talks-with-google-to-license-gemini-ai-models-for-future-iphones-report">also engaged in discussions</a> with Alphabet Inc.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google to potentially license Gemini.
While no agreement has been reached yet, the negotiations are still ongoing.
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/05/38698828/elon-musk-gets-community-noted-on-x-after-claiming-there-are-known-vulnerabilities-in-signal-messagi?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Gets Community Noted On X After Claiming There Are &#8216;Known Vulnerabilities&#8217; In Signal Messaging App That He Once Backed</a>
The potential deal with Sam Altman-led company would allow Apple to&nbsp;offer a popular chatbot as&nbsp;part of a series of new AI features, which the company plans to unveil at its annual Worldwide Developers Conference in June.
Last year, Apple CEO Tim Cook admitted to <a href="https://www.benzinga.com/news/23/06/32752316/tim-cook-admits-chatgpt-excites-him-but-says-ai-capable-of-worse-things-than-bias-misinformation">personally using OpenAI&#8217;s ChatGPT</a>. However, he also noted that there were &#8220;a number of issues that need to be sorted.&#8221;
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Why It Matters: Cook has been vocal about the company&#8217;s AI efforts, expressing confidence in its AI prospects despite concerns from investors. He also revealed that Apple has invested $100 billion in research and development over the past five years, as part of its plan to unveil new <a href="https://www.benzinga.com/markets/equities/24/05/38610325/tim-cook-very-bullish-on-apples-generative-ai-efforts-despite-lower-capital-expenditure-than-riv">AI features at WWDC next month</a>.
Apple&#8217;s push into the AI space also includes the <a href="https://www.benzinga.com/news/24/05/38660564/apple-reportedly-working-to-join-the-ranks-of-microsoft-amazon-meta-by-developing-its-own-ai-chips-f">development of its own AI chips for data centers</a>, a move that could potentially disrupt the market. The project, codenamed ACDC, is an extension of Apple&#8217;s existing in-house chip efforts for its devices.
Check out more of&nbsp;Benzinga&#8217;s&nbsp;Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:&nbsp;<a href="https://www.benzinga.com/news/24/05/38689467/elon-musk-isnt-sure-apples-showed-its-entire-30b-r-d-prowess-with-new-ipads-maybe-they-have-some-sec?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Isn&#8217;t Sure If Apple Showed Its Entire $30B R&amp;D Prowess With New iPads: &#8216;Maybe They Have Some Secret Products…&#8217;</a>
Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

AAPL

GOOG

GOOGL

Apple Inches Closer To Choosing Sam Altman-Led OpenAI To Integrate ChatGPT On iPhones: Report

The&nbsp;youngest son of former President&nbsp;Donald Trump has turned down the <a href="https://www.benzinga.com/news/24/05/38720621/barron-trump-steps-into-political-spotlight-as-floridas-at-large-gop-convention-delegate">opportunity&nbsp;to serve as a delegate</a>&nbsp;for Florida at the upcoming Republican National Convention or RNC.
What Happened: Barron Trump declined the offer citing &#8220;prior commitments,&#8221; as per a statement from the office of former First Lady Melania Trump, reported <a href="https://thehill.com/homenews/campaign/4657094-barron-trump-declines-rnc-delegate/">The Hill</a> on Friday.
&#8220;While Barron is honored to have been chosen as a delegate by the Florida Republican Party, he regretfully declines to participate due to prior commitments,&#8221; read the statement. 
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/05/38750997/trumps-son-in-law-back-in-political-arena-jared-kushner-reportedly-making-calls-to-potential-donors?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump&#8217;s Son-In-Law Back In Political Arena? Jared Kushner Reportedly Making Calls To Potential Donors To Attend Ex-President&#8217;s New York Fundraiser For 2024 Run</a>
The Florida GOP had earlier announced that Barron Trump would join his siblings, Eric, Tiffany, and Donald Trump Jr., as delegates, with Eric Trump serving as the state&#8217;s delegation chair. The RNC is scheduled to take place in Milwaukee, Wisconsin, in mid-July.
Earlier, Donald Trump, said in a radio interview, &#8220;He [Barron] does like politics. It's sort of funny. He'll tell me sometimes, &#8216;Dad, this is what you have to do.&#8217; So anyway, he's a good guy. He's a senior now in high school, and he'll be going to college.&#8221;
Why It Matters: This news comes as a surprise, given Barron Trump&#8217;s recent steps into the political spotlight. Just two days ago, it was reported that Barron Trump was selected as one of Florida&#8217;s at-large delegates for the RNC. This would have been his first official role in politics, alongside his siblings.
Earlier in March, it was reported that Melania Trump had&nbsp;<a href="https://www.benzinga.com/news/24/03/37681395/melania-trump-chooses-barron-over-husbands-2024-presidential-campaign-she-dislikes-a-petting-zoo">shifted her focus toward her family</a>, particularly her son Barron, rather than her husband&#8217;s 2024 presidential campaign. At the time, it was reported that she has been dedicated to exploring potential colleges for Barron, and is resolved to accompany him wherever he chooses to pursue his studies.
Despite his family&#8217;s political ties, Barron Trump has been a subject of privacy concerns. In March 2024,&nbsp;Chelsea Clinton spoke out in <a href="https://www.benzinga.com/news/24/03/37903485/bill-clintons-daughter-speaks-out-in-defense-of-donald-trumps-youngest-sons-privacy-rights-leave-him">defense&nbsp;of Barron Trump&#8217;s privacy rights</a>, urging the media to respect his status as a private citizen.
Read Next:&nbsp;<a href="https://www.benzinga.com/news/24/05/38752266/nikki-haley-said-to-be-wooing-more-top-donors-but-leaves-trump-support-up-in-the-air-for-now?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Nikki Haley Said To Be Wooing More Top Donors But Leaves Trump Support Up In The Air For Now</a>
Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.
Image Via Shutterstock

Politics

Media

Donald Trump's Youngest Son Declines To Be RNC Florida Delegate 'Due To Prior Commitments'

Kicking back this weekend but unsure what to binge-watch? No worries, Netflix has got your back with some brand-new goodies to spice up your screen time. As we roll into the second week of May, the streaming giant has a fresh lineup that&#8217;s as varied as it is enticing — from a gripping true-crime docu to a heartwarming rom-com and edge-of-your-seat thrillers. Whether you&#8217;re in the mood for laughter, tears, or some serious popcorn-spilling action, Netflix will likely have you covered.
Here are five fresh Netflix releases you&#8217;ll want to add to your weekend watchlist right away:
<h3 class="wp-block-heading">Cooking Up Murder: Uncovering the Story of César Román</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="576" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10110121/AAAABbgcGGCMzDsyKI7fkvmdecIIaAWLz_-GuRut8_sZQSMJ-A644kn8jrThjb7BG8hqn2TQZlmUZNy9xzy9s2lKwMOiGQij1G1CQ5I_-1024x576.jpeg" alt="Fans of gripping true crime documentaries are in for a treat with Cooking Up Murder: Uncovering the Story of César Román. Image: Tudum/ Netflix" class="wp-image-332835" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10110121/AAAABbgcGGCMzDsyKI7fkvmdecIIaAWLz_-GuRut8_sZQSMJ-A644kn8jrThjb7BG8hqn2TQZlmUZNy9xzy9s2lKwMOiGQij1G1CQ5I_-1024x576.jpeg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10110121/AAAABbgcGGCMzDsyKI7fkvmdecIIaAWLz_-GuRut8_sZQSMJ-A644kn8jrThjb7BG8hqn2TQZlmUZNy9xzy9s2lKwMOiGQij1G1CQ5I_-300x169.jpeg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10110121/AAAABbgcGGCMzDsyKI7fkvmdecIIaAWLz_-GuRut8_sZQSMJ-A644kn8jrThjb7BG8hqn2TQZlmUZNy9xzy9s2lKwMOiGQij1G1CQ5I_-768x432.jpeg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10110121/AAAABbgcGGCMzDsyKI7fkvmdecIIaAWLz_-GuRut8_sZQSMJ-A644kn8jrThjb7BG8hqn2TQZlmUZNy9xzy9s2lKwMOiGQij1G1CQ5I_.jpeg 1280w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Fans of gripping true crime documentaries are in for a treat with Cooking Up Murder: Uncovering the Story of César Román. Image: Tudum/ Netflix</figcaption></figure>
Diving into the dark world of culinary celebrity, &#8220;Cooking Up Murder: Uncovering the Story of César Román&#8221; explores the life of a high-profile Spanish chef known as the &#8220;king of cachopo.&#8221; Román, who enjoyed celebrity status in the culinary world, hid a disturbing secret behind his fame. In November 2018, authorities arrested him for the murder of his girlfriend, Heidi Paz. Fans of true-crime documentaries like &#8220;Bad Surgeon&#8221; and &#8220;The Tinder Swindler&#8221; will find this gripping tale irresistible.
<h3 class="wp-block-heading">Mother of the Bride</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="576" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10104829/Netflix-Mother-of-the-bride-1024x576.jpg" alt="Just in time for Mother's Day, "Mother of the Bride" brings a delightful romantic comedy to the screen. Image: Tudum/ Netflix" class="wp-image-332802" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10104829/Netflix-Mother-of-the-bride-1024x576.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10104829/Netflix-Mother-of-the-bride-300x169.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10104829/Netflix-Mother-of-the-bride-768x432.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10104829/Netflix-Mother-of-the-bride.jpg 1280w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Just in time for Mother's Day, "Mother of the Bride" brings a delightful romantic comedy to the screen. Image: Tudum/ Netflix</figcaption></figure>
Switching gears to a lighter, more heartwarming note, &#8220;Mother of the Bride&#8221; lands just in time for Mother's Day. This romantic comedy stars Brooke Shields, Benjamin Bratt, and Miranda Cosgrove. The film follows Lana (Shields), a single mom whose trip to her daughter&#8217;s wedding in Thailand takes a twist when she discovers the groom&#8217;s father is her ex (Bratt), reigniting old flames in a lush, romantic setting.
<h3 class="wp-block-heading">Bodkin</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="576" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10105112/AAAABTKeTsbQm4H_SCaEXb66OAYj09zL8_E6rZk5oN8mUpAAL0-Y-lyFLZCarSkADRRGU_FO0WfxvpVV-4MWiINmIViVYWCgSlwImfcd-1024x576.jpg" alt="The comedy thriller featuring Will Forte, Siobhán Cullen, and Robyn Cara. Image: Tudum/ Netflix" class="wp-image-332812" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10105112/AAAABTKeTsbQm4H_SCaEXb66OAYj09zL8_E6rZk5oN8mUpAAL0-Y-lyFLZCarSkADRRGU_FO0WfxvpVV-4MWiINmIViVYWCgSlwImfcd-1024x576.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10105112/AAAABTKeTsbQm4H_SCaEXb66OAYj09zL8_E6rZk5oN8mUpAAL0-Y-lyFLZCarSkADRRGU_FO0WfxvpVV-4MWiINmIViVYWCgSlwImfcd-300x169.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10105112/AAAABTKeTsbQm4H_SCaEXb66OAYj09zL8_E6rZk5oN8mUpAAL0-Y-lyFLZCarSkADRRGU_FO0WfxvpVV-4MWiINmIViVYWCgSlwImfcd-768x432.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10105112/AAAABTKeTsbQm4H_SCaEXb66OAYj09zL8_E6rZk5oN8mUpAAL0-Y-lyFLZCarSkADRRGU_FO0WfxvpVV-4MWiINmIViVYWCgSlwImfcd.jpg 1280w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">The comedy thriller featuring Will Forte, Siobhán Cullen, and Robyn Cara. Image: Tudum/ Netflix</figcaption></figure>
For those who love a mix of comedy and mystery, &#8220;Bodkin&#8221; delivers just that. This Netflix Original comedy thriller features Will Forte, Siobhán Cullen, and Robyn Cara as American podcasters investigating decades-old disappearances in a quaint Irish town. What starts as a simple inquiry soon spirals into a bizarre adventure full of unexpected twists.
<h3 class="wp-block-heading">Thank You, Next</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="576" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10105536/thank-you-next-1024x576.jpg" alt="The Turkish Netflix series enjoys mixing the hopeless romantic with the murky waters of modern-day relationships. Image: Tudum/ Netflix" class="wp-image-332825" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10105536/thank-you-next-1024x576.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10105536/thank-you-next-300x169.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10105536/thank-you-next-768x432.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10105536/thank-you-next.jpg 1280w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">The Turkish Netflix series enjoys mixing the hopeless romantic with the murky waters of modern-day relationships. Image: Tudum/ Netflix</figcaption></figure>
Although the title might remind you of a certain Ariana Grande album, &#8220;Thank You, Next,&#8220; is a Turkish drama series that ventures into the world of romance and legal drama. The story centers on Leyla, a lawyer reentering the dating scene after a tough breakup while tackling the &#8220;divorce case of the year&#8221; against a notorious serial divorcer. This drama intertwines personal and professional challenges in a compelling narrative.
<h3 class="wp-block-heading">Blood of Zeus</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="576" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10105702/AAAABT-wLl9aRndV0tvQbJwfA5fxT_7EZ_c0rAfJt4vy_f_l9kAkR4plyNrgZ9ooqhseuNSSj_ph0Jm28hD6FVznu2aYhJXXxJf4gBYA-1024x576.jpeg" alt="For those hooked on mythological dramas, "Blood of Zeus" returns with its second season. Image: Tudum/ Netflix" class="wp-image-332827" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10105702/AAAABT-wLl9aRndV0tvQbJwfA5fxT_7EZ_c0rAfJt4vy_f_l9kAkR4plyNrgZ9ooqhseuNSSj_ph0Jm28hD6FVznu2aYhJXXxJf4gBYA-1024x576.jpeg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10105702/AAAABT-wLl9aRndV0tvQbJwfA5fxT_7EZ_c0rAfJt4vy_f_l9kAkR4plyNrgZ9ooqhseuNSSj_ph0Jm28hD6FVznu2aYhJXXxJf4gBYA-300x169.jpeg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10105702/AAAABT-wLl9aRndV0tvQbJwfA5fxT_7EZ_c0rAfJt4vy_f_l9kAkR4plyNrgZ9ooqhseuNSSj_ph0Jm28hD6FVznu2aYhJXXxJf4gBYA-768x432.jpeg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10105702/AAAABT-wLl9aRndV0tvQbJwfA5fxT_7EZ_c0rAfJt4vy_f_l9kAkR4plyNrgZ9ooqhseuNSSj_ph0Jm28hD6FVznu2aYhJXXxJf4gBYA.jpeg 1280w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">For those hooked on mythological dramas, "Blood of Zeus" returns with its second season. Image: Tudum/ Netflix</figcaption></figure>
Lastly, animation and mythology enthusiasts will revel in the return of &#8220;Blood of Zeus.&#8221; This animated series, a sequel to &#8220;Gods &amp; Heroes,&#8221; continues the adventures of Zeus&#8217; demigod son who battles to save Olympus and Earth from ancient threats. Packed with gods, giants, and mythical battles, this series promises to be a visually stunning and thrilling journey through lost Greek tales.
Photo via Shutterstock

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The weekend is almost here and so are we to give you the entertainment fix you need. From romance to crime and animated movies for kids, we have the best scoop of entertainment for you so you can binge-watch this weekend.
In this list, we've curated this list of the best movies on Disney+ and Hulu. Some of these movies are all set to leave these services, so make sure you catch up on them while they're here.
<h3 class="wp-block-heading">Let It Be</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="576" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10103118/Let-It-Be-1024x576.jpg" alt="" class="wp-image-332742" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10103118/Let-It-Be-1024x576.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10103118/Let-It-Be-300x169.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10103118/Let-It-Be-768x432.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10103118/Let-It-Be.jpg 1200w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Let It Be &#x7C; Image credit: Disney+</figcaption></figure>
Love The Beatles? You'll like this documentary behind the scenes of the iconic rock band on its final concert. Let It Be is a restored version of Michael Lindsay-Hogg's documentary from the 1970s.
Perfect watch if you're one for a nostalgia hit.
Where To Watch: Disney+
<h3 class="wp-block-heading">Fantastic Mr. Fox</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="576" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10103141/Fantastic-Mr.-Fox-1024x576.jpeg" alt="" class="wp-image-332744" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10103141/Fantastic-Mr.-Fox-1024x576.jpeg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10103141/Fantastic-Mr.-Fox-300x169.jpeg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10103141/Fantastic-Mr.-Fox-768x432.jpeg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10103141/Fantastic-Mr.-Fox.jpeg 1200w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Fantastic Mr. Fox &#x7C; Image credit: Disney+</figcaption></figure>
Fantastic Mr. Fox is a great stop-motion animated movie involving a series of farm thefts. Based on Roald Dahl's book of the same name, Fantastic Mr. Fox packs a lot of fun that people of all ages will enjoy.
Where To Watch: Disney+
<h3 class="wp-block-heading">Daredevil</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="576" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10103206/Daredevil-1024x576.jpg" alt="" class="wp-image-332746" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10103206/Daredevil-1024x576.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10103206/Daredevil-300x169.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10103206/Daredevil-768x432.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10103206/Daredevil.jpg 1200w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Daredevil &#x7C; Image credit: Disney+</figcaption></figure>
Starring Ben Affleck, this is the original Daredevil before the series came along. Affleck is a blind lawyer by the day and a vigilante by night, fighting injustice and taking down villains.
Where To Watch: Disney+
<h3 class="wp-block-heading">The Big Lebowski</h3>
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="952" height="536" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10103228/The-Big-Lebowski.jpg" alt="" class="wp-image-332747" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10103228/The-Big-Lebowski.jpg 952w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10103228/The-Big-Lebowski-300x169.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10103228/The-Big-Lebowski-768x432.jpg 768w" sizes="(max-width: 952px) 100vw, 952px" /><figcaption class="wp-element-caption">The Big Lebowski &#x7C; Image credit: Hulu</figcaption></figure>
The Big Lebowski is a great mix of crime and comedy, perfectly suited for a weekend watch. The movie involves a bowler with the same name as a millionaire, beaten by thugs and forced to pay a debt he has no idea about.
Where To Watch: Hulu
<h3 class="wp-block-heading">L.A. Confidential</h3>
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="952" height="536" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10103248/L.A.-Confidential.jpg" alt="" class="wp-image-332751" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10103248/L.A.-Confidential.jpg 952w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10103248/L.A.-Confidential-300x169.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10103248/L.A.-Confidential-768x432.jpg 768w" sizes="(max-width: 952px) 100vw, 952px" /><figcaption class="wp-element-caption">L.A. Confidential &#x7C; Image credit: Hulu</figcaption></figure>
L.A. Confidential is an iconic, Oscar-winning crime movie. Set in the 1950s, this movie stars Russel Crowe, Danny DeVito, and Guy Pearce who set out to solve a murder mystery.
Where To Watch: Hulu
<h3 class="wp-block-heading">Ocean's Eleven</h3>
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="952" height="536" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10103259/Oceans-Eleven.jpg" alt="" class="wp-image-332754" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10103259/Oceans-Eleven.jpg 952w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10103259/Oceans-Eleven-300x169.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10103259/Oceans-Eleven-768x432.jpg 768w" sizes="(max-width: 952px) 100vw, 952px" /><figcaption class="wp-element-caption">Ocean's Eleven &#x7C; Image credit: Hulu</figcaption></figure>
Ocean's Eleven, starring Brad Pitt, George Clooney, and Julia Roberts, is another comedy movie that involves a team of 11 who come together to pull off a heist at a casino.
Where To Watch: Hulu
Photo courtesy: Shutterstock

Kick Back And Relax: Here Are The Best Picks For Hulu And Disney+ To Watch This Weekend

A number of Americans are considering a move abroad, drawn by the promise of new experiences and escapes from economic pressures at home. Motivated by the thrill of adventure, better job prospects, and a desire for a safer lifestyle, one-third of U.S.-born nationals are exploring life beyond U.S. borders and not just for a vacation, but for longer stay.
If you&#8217;re in the same boat and wondering about the easiest countries to move to for tax and visa reasons, we&#8217;ve got you covered. Here are five countries that welcome Americans without a visa and are also tax-friendly.
<h3 class="wp-block-heading">1. Canada</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="601" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10073602/jason-hafso-C2keINMOhIE-unsplash-1024x601.jpg" alt="Americans can enjoy up to 180 days in Canada without jumping through extra hoops. Image: Unsplash/ Jason Hafso" class="wp-image-332266" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10073602/jason-hafso-C2keINMOhIE-unsplash-1024x601.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10073602/jason-hafso-C2keINMOhIE-unsplash-300x176.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10073602/jason-hafso-C2keINMOhIE-unsplash-768x451.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10073602/jason-hafso-C2keINMOhIE-unsplash-1536x902.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10073602/jason-hafso-C2keINMOhIE-unsplash.jpg 1840w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Americans can enjoy up to 180 days in Canada without jumping through extra hoops. Image: Unsplash/ Jason Hafso</figcaption></figure>
Topping the list is Canada, a stunning country with plenty of job opportunities, friendly people, and a booming economy. Americans can live in Canada for up to 180 days without a visa and take advantage of its strong $2.2 trillion economy, the ninth largest in the world. From web development to fast-food industry jobs, there&#8217;s no shortage of work opportunities. Apart from that, Canada stands out for its diverse multiculturalism policies, stable economy, and low crime rates.
<h3 class="wp-block-heading">2. United Kingdom</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="576" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10074606/usa-approved-visa-united-kingdom-1024x576.jpg" alt="Across the pond, the United Kingdom invites Americans to stay up to 180 days visa-free. Image: Unsplash/ Lucas Davies" class="wp-image-332280" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10074606/usa-approved-visa-united-kingdom-1024x576.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10074606/usa-approved-visa-united-kingdom-300x169.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10074606/usa-approved-visa-united-kingdom-768x432.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10074606/usa-approved-visa-united-kingdom.jpg 1280w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Across the pond, the United Kingdom invites Americans to stay up to 180 days visa-free. Image: Unsplash/ Lucas Davies</figcaption></figure>
The UK is famous for its rich art, music, and culture. Americans can live there for 180 days without a visa, and find plenty of job opportunities in this melting pot nation, especially for software developers, chefs, financial analysts, and hospitality staff. The country offers a favorable business environment and ranks highly for ease of doing business.
<h3 class="wp-block-heading">3. Panama</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="575" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10074659/usa-approved-visa-panama-1024x575.jpg" alt="Panama lets Americans stay for half a year visa-free. Image: Unsplash/ Luis Aleman" class="wp-image-332285" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10074659/usa-approved-visa-panama-1024x575.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10074659/usa-approved-visa-panama-300x169.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10074659/usa-approved-visa-panama-768x431.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10074659/usa-approved-visa-panama.jpg 1280w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Panama lets Americans stay for half a year visa-free. Image: Unsplash/ Luis Aleman</figcaption></figure>
Located in Central America, Panama lets Americans stay for 180 days without a visa. With a resilient economy, 4.35 million people, and a GDP of $146 billion, Panama is one of the safest countries in the region. Its low inflation history and abundant job opportunities make it an attractive destination for Americans seeking a change of pace.
<h3 class="wp-block-heading">4. Barbados</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="576" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10074835/usa-approved-visa-barbados-1024x576.jpg" alt="Barbados offers a serene escape where Americans can stay for up to 180 days without a visa. Image: Unsplash/ Kathryn Maingot" class="wp-image-332291" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10074835/usa-approved-visa-barbados-1024x576.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10074835/usa-approved-visa-barbados-300x169.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10074835/usa-approved-visa-barbados-768x432.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10074835/usa-approved-visa-barbados.jpg 1280w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Barbados offers a serene escape where Americans can stay for up to 180 days without a visa. Image: Unsplash/ Kathryn Maingot</figcaption></figure>
Barbados offers tropical vibes and gorgeous beaches, where Americans can stay for 180 days without a visa. Most job opportunities are in tourism and hospitality, the island&#8217;s largest industries. Crime rates remain low, with only 21 cases reported in 2023. Barbados is known for its middle-income economy driven by tourism, tropical fruits, and clear oceans. Although not among the most stable economies, the country expects a steady economic recovery in 2024.
<h3 class="wp-block-heading">5. Bahamas</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="576" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10074939/Bahamas-1024x576.jpg" alt="The Bahamas allows a longer stay of 240 days without the need for visa arrangements. Image: Unsplash/ Fernando Jorge" class="wp-image-332294" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10074939/Bahamas-1024x576.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10074939/Bahamas-300x169.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10074939/Bahamas-768x432.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10074939/Bahamas.jpg 1280w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">The Bahamas allows a longer stay of 240 days without the need for visa arrangements. Image: Unsplash/ Fernando Jorge</figcaption></figure>
The Bahamas, a popular holiday spot for Americans, lets them stay visa-free for up to 240 days. Although it has a stable economy with a GDP per capita of around $31,000, finding job opportunities can be tricky for foreigners. Half of the country&#8217;s income comes from the tourism industry, and its crystal-clear waters and sandy beaches are sure to enchant you.

Travel

When Moving Abroad, Tax Is The Biggest Concern: 5 Best Countries Where Americans Can Relocate Hassle-Free

Rosenblatt analyst Mike Genovese maintains Applied Optoelectronics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAOI#NASDAQ">AAOI</a>) with a Buy and lowers the price target from $20 to $16.

AAOI

Rosenblatt Maintains Buy on Applied Optoelectronics, Lowers Price Target to $16

<ul>
<li>Supports expansion of Tevogen's ExacTcell&#x2122;&nbsp;platform toward additional clinical trials &nbsp;</li>
<li>Bolsters a financial path to positive cashflow and minimizes dilution</li>
</ul>
WARREN, N.J., May 10, 2024 (GLOBE NEWSWIRE) -- <a href="https://www.globenewswire.com/Tracker?data=oQoZxfDuzbnVDx8Utu05sULO-98PPFip2k0yAQ_ZK-aj1yp6FHzXfhzz569lw9P2y2pOxP1LfL1R8DQdtRVSLwzHZkccaTtCun4Gcqk5Xlk=">Tevogen Bio Holdings Inc.</a> ("Tevogen" or "Tevogen Bio") (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TVGN#NASDAQ">TVGN</a>), a clinical-stage specialty immunotherapy biotech pioneer developing off-the-shelf, genetically unmodified T cell therapeutics in oncology, neurology, and virology, has entered into a binding term sheet [with an existing investor] to secure up to $50 million of financing.
This financing supports Tevogen Bio's pursuit of expanding research and development efforts with a focus on continued clinical development of the company's initial product, TVGN 489, from its ExacTcell technology platform. In January 2023, Tevogen Bio announced positive proof-of-concept clinical trial results of TVGN 489 for treatment of high-risk patients. The financing will also be utilized to facilitate Tevogen Bio's efforts to start additional clinical trials for virally induced cancers and multiple sclerosis.

Financing

TVGN

Tevogen Bio Entered Into A Binding Term Sheet With An Existing Investor To Secure Up To $50M Of Financing

Cresud SACIF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRESY#NASDAQ">CRESY</a>) reported quarterly earnings of $0.20 per share. This is a 64.91 percent decrease over earnings of $0.57 per share from the same period last year. The company reported $241.99 million in sales this quarter. This is a 63.51 percent increase over sales of $148.00 million the same period last year.

CRESY

Cresud SACIF Q3 EPS $0.20 Down From $0.57 YoY, Sales $241.99M Up From $148.00M YoY

Vroom (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRM#NASDAQ">VRM</a>) reported quarterly losses of $(37.68) per share. This is a 12.7 percent increase over losses of $(43.16) per share from the same period last year.

Vroom Q1 EPS $(37.68) Up From $(43.16) YoY

An internal review released Friday revealed significant challenges, to put it nicely, plaguing <a href="https://www.benzinga.com/topic/new-york-cannabis">New York&#8217;s legal cannabis market</a>.
The issues are primarily attributed to inexperienced leadership within the state&#8217;s Office of Cannabis Management (OCM). The report was blunt, calling the OCM a &#8220;mission-driven&#8221; startup rather than a competent government office. 
Governor Kathy Hochul then proceeded to fire Chris Alexander, the head of the OCM.
The report noted that the OCM was staffed with inexperienced leadership, lacked a transparent process for licensing new dispensaries and had virtually no customer service for licensees.
"The majority of OCM's most senior leadership has relatively limited experience in leading regulatory entities, and the agency has experienced significant turnover in executive roles," the report reads.
"It has struggled to make the transition to a mature regulatory agency," noted the report, which was produced by Office of General Services Commissioner Jeanette Moy and obtained by the <a href="https://nypost.com/2024/05/10/us-news/damning-internal-report-rips-hochuls-cannabis-agency/">NY Post</a> before being released publicly Friday.
See Also: <a href="https://www.benzinga.com/markets/cannabis/24/04/38419082/cannabis-saga-in-the-empire-state-corruption-or-ineptitude-private-equity-tramples-social-equity" target="_blank" rel="noreferrer noopener">Cannabis Saga In The Empire State: Corruption Or Ineptitude? Private Equity Tramples Social Equity, Report Reveals</a>
The report highlighted "implementation challenges" that "resulted in confusion, difficulties, and delays for well-intentioned line staff as well as applicants," referring to the complicated hoops potential licensees have had to jump through.
Other key problems within the OCM included erratic changes in licensing regulations, a lack of transparency and ineffective enforcement measures. These issues have not only hindered the legal cannabis market but have also fostered the proliferation of unlicensed cannabis shops across New York state. The Big Apple alone has more than 2,000 illicit shops according the local authorities.
Hochul, recognizing the severity of the situation, <a href="https://www.benzinga.com/markets/cannabis/24/03/37776915/new-york-gov-hochul-orders-review-of-cannabis-licensing-process-after-numerous-setbacks">ordered a comprehensive review in March</a> to address the bureaucratic hurdles and legal setbacks faced by the OCM. 
At the time, she called the program a &#8220;disaster.&#8221;
Despite initial intentions to prioritize <a href="https://www.benzinga.com/markets/cannabis/23/03/31398249/new-york-marijuana-regulators-sued-by-big-players-for-alleged-violation-of-state-cannabis-law">social equity</a> by allocating licenses to nonprofits and individuals with prior convictions or those who suffered from the War on Drugs, the process was marred by <a href="https://www.benzinga.com/markets/cannabis/23/08/33617244/the-debacle-called-ny-cannabis-market-state-supreme-court-halts-new-retail-licenses-following-ve">lawsuits</a>, delays and regulatory inconsistencies.
The OCM's chief equity officer Damian Fagon also happens to be on administrative leave pending an ongoing internal investigation that he retaliated against a&nbsp;Hudson Valley cannabis processor&nbsp;who was critical of OCM.
At this point, with only a limited number of legal cannabis dispensaries operating since late 2022, the illegal market has thrived. Unlicensed retailers who seem to operate with impunity are undermining the legal framework – a situation the OCM seemed incapable of controlling.
The report outlined various policy solutions to address the agency&#8217;s challenges, including the recruitment of experienced staff, streamlining licensing processes, and engaging in public outreach efforts to identify and rectify issues.
Photo courtesy of OCM

Cannabis

Government

Regulations

Scathing Internal Report Exposes New York's Cannabis Agency As Inexperienced, Irresponsible, Ineffective: Heads Are Rolling

Mitek Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MITK#NASDAQ">MITK</a>) reported quarterly earnings of $0.01 per share which missed the analyst consensus estimate of $0.27 by 96.3 percent. This is a 96.55 percent decrease over earnings of $0.29 per share from the same period last year. The company reported quarterly sales of $46.97 million which beat the analyst consensus estimate of $46.44 million by 1.13 percent. This is a 3.65 percent increase over sales of $45.31 million the same period last year.

Earnings Beats

Earnings Misses

MITK

Mitek Systems Q2 EPS $0.01 Misses $0.27 Estimate, Sales $46.97M Beat $46.44M Estimate

Siebert Finl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIEB#NASDAQ">SIEB</a>) reported quarterly losses of $(0.03) per share. This is a 130 percent decrease over earnings of $0.10 per share from the same period last year. The company reported $19.70 million in sales this quarter. This is a 21.84 percent increase over sales of $16.17 million the same period last year.

SIEB

Siebert Finl Q1 EPS $(0.03) Down From $0.10 YoY, Sales $19.70M Up From $16.17M YoY

A recent Beacon Securities report focuses on Curaleaf&#39;s strategic financial management and the potential impacts of legislative changes on its operations. Concurrently, Needham&#39;s report highlights Trulieve&#39;s operational strengths and projected growth, emphasizing the company&#39;s adeptness in navigating regulatory landscapes and capitalizing on market opportunities.
<h2>Curaleaf&#39;s Strategic Gains Amidst Modest Revenue Growth</h2>
According to Beacon&rsquo;s report, Curaleaf Holdings Inc. (OTC: <a class="ticker" href="https://www.benzinga.com/stock/curlf#OTC">CURLF</a>) demonstrated strategic resilience in the first quarter of 2024, recording <a href="https://www.benzinga.com/markets/cannabis/24/05/38748891/curaleaf-reports-q1-2024-revenue-of-339m-48-gross-margin-amid-strategic-global-expansion">revenues of $339 million and adjusted EBITDA of $77 million</a>. Although these figures slightly missed the consensus estimates, they surpassed Beacon Securities&#39; forecast, signaling robust operational efficiencies.
The adjusted gross margins saw a quarter-over-quarter increase of 117 basis points, indicative of improved asset utilization across their cultivation and manufacturing operations. Despite a slight decrease in vertical mix affecting overall margins, Curaleaf&#39;s operational adjustments led to <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/05/38656307/big-players-in-u-s-cannabis-could-play-the-stock-value-card-in-m-a-new-report-shows">stronger EBITDA margins</a> than anticipated.
Russell Stanley of <a href="https://beaconsecurities.ca/">Beacon </a>highlighted the company&#39;s adept management of operating cash flows which facilitated a significant <a href="https://www.benzinga.com/markets/cannabis/24/05/38603896/credit-check-what-does-dea-rescheduling-mean-for-cannabis-credit-ratings-big-companies-risk-retu">debt</a> repurchase post-quarter, enhancing its financial stability. Additionally, Russell considered the potential benefits from the <a href="https://www.benzinga.com/markets/cannabis/24/05/38597432/new-tax-rules-in-cannabis-what-are-the-consequences-dea-rescheduling">expected rescheduling of cannabis </a>and the implications of the SAFER Banking Act are poised to create a favorable financial landscape for Curaleaf.
<h3>Trulieve&#39;s Profitability</h3>
Concurrently, Trulieve Cannabis Corp. (OTC: <a class="ticker" href="https://www.benzinga.com/stock/tcnnf#OTC">TCNNF</a>) reported a commendable start to 2024, with first-quarter revenues climbing to $297.6 million, outpacing expectations. According to Matt McGinley from <a href="https://www.needhamco.com/">Needham</a>, the company achieved the highest gross margin and EBITDA rates observed in over two years, at 58.4% and 35.5% respectively. This improvement is largely attributed to stabilized pricing and cost reductions in their Florida operations.
Trulieve&#39;s fiscal prudence was evident in their management of operating cash flow, which included a notable $96 million relating to 280E tax refunds, underscoring their adept navigation of regulatory landscapes to bolster financial health.
<h2>Projections</h2>
<h3>Curaleaf&#39;s Strategic Financial Management</h3>
Stanley and his team at Beacon Securities are optimistic about Curaleaf&#39;s ability to capitalize on impending <a href="https://www.benzinga.com/markets/cannabis/24/05/38559933/billions-on-the-move-tracking-market-cap-changes-in-top-cannabis-firms-after-dea-rescheduling-an">legislative reforms</a>. With the anticipated rescheduling of cannabis and the potential enactment of the SAFER Banking Act, Curaleaf is expected to gain considerable operational advantages. These changes could potentially increase the company&#39;s operating cash flow by 92% and free cash flow by 188%, thereby substantially <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/05/38657697/post-cannabis-rescheduling-whats-next-for-marijuana-giants-potential-1-1b-cash-flow">boosting profitability</a> and enhancing shareholder returns.
Scanning through cannabis spreadsheets can take some time. To learn more about investing, don&#39;t miss the opportunity to join us at the&nbsp;<a href="https://www.benzinga.com/events/cannabis-conference/?UTM_source=article" target="_blank">19th Benzinga Cannabis Capital Conference</a>&nbsp;in Chicago this October 8-9. Engage with top executives, investors, policymakers, and advocates to explore the industry&#39;s future. Secure your tickets now before prices increase by following&nbsp;<a href="https://www.eventbrite.com/e/benzinga-capital-conference-cannabis-fall-2024-tickets-858948065787?aff=oddtdtcreator" target="_blank">this link</a>.
<h3>Trulieve&#39;s Operations And Future Prospects</h3>
On the other hand, Needham&#39;s Matt McGinley praises <a href="https://www.benzinga.com/markets/cannabis/24/05/38730627/medical-marijuana-giant-trulieve-backer-of-floridas-recreational-cannabis-ballot-narrows-loss-re">Trulieve Cannabis Corp. </a>for its operational excellence, which he believes sets the company up for a successful financial year. He highlights Trulieve&#39;s record-setting gross margins and EBITDA rates at the beginning of 2024, attributing these achievements to the company&#39;s rigorous operational efficiencies and cost management strategies.
Moreover, he points to significant potential for growth in revenue stemming from <a href="https://www.benzinga.com/markets/cannabis/24/04/38531355/cannabis-stocks-and-etfs-surge-as-dea-moves-to-reschedule-marijuana">legislative advancements</a> in key markets like <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38470560/landing-in-floridas-cannabis-market-legal-adult-use-marijuana-could-yield-874m-in-2">Florida</a> and <a href="https://www.benzinga.com/topic/pennsylvania-cannabis">Pennsylvania</a>, which may transition to adult-use cannabis. This <a href="https://www.benzinga.com/markets/cannabis/24/05/38655829/cannabis-stocks-retreat-on-new-rescheduling-order-developments-whats-going-on">potential market expansion</a> could dramatically increase Trulieve&rsquo;s revenue base, potentially doubling it in these regions.
Photo: AI-Generated Image.&nbsp;

Analyst Color

Mid Cap

Retail Sales

Management

CURALEAF HLDGS INC by Curaleaf Hldgs Inc.

CURLF

TCNNF

Cannabis Reports Highlight $339M And $297.6M Revenue Insights In Curaleaf And Trulieve's Q1 2024 Financials

Loop Capital analyst Alton Stump maintains Papa John's International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PZZA#NASDAQ">PZZA</a>) with a Buy and lowers the price target from $97 to $90.

PZZA

Loop Capital Maintains Buy on Papa John's International, Lowers Price Target to $90

Loop Capital analyst Jeffrey Stevenson maintains Installed Building Prods (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBP#NYSE">IBP</a>) with a Buy and raises the price target from $250 to $270.

Loop Capital Maintains Buy on Installed Building Prods, Raises Price Target to $270

DSS and PRPL among Consumer Discretionary movers

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
When dealing with speculative investments &ndash; especially overlooked <a href="https://investorplace.com/stock-types/penny-stocks/">penny stocks</a> &ndash; prospective participants must first acknowledge the risks. It&rsquo;s a wild world out there. Anything can happen and if I may be blunt, that &ldquo;anything&rdquo; tends to be something bad.



Unfortunately, if you choose 10 overlooked penny stocks, having two of them be winners is a good day at the office. This arena reminds me of baseball. In practically, no other industry would a success rate of 30% be considered anywhere near acceptable. But if you&rsquo;re a baseball player batting .300? You&rsquo;re going to be in the starting lineup for someone.



The other thing about this investment category is that you have to be disciplined: you must know when to cut your losses and when to take profits. Both factors are crucial for success. Otherwise, you will lose, and lose badly. If you&rsquo;re okay with that, these are the overlooked penny stocks to put on your radar.



<h2>Niu Technologies (NIU)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/07/penny-1600-300x169.jpg" alt="Pennies in a jar on top of a background of blurred pennies. Penny stocks."><div>Source: John Brueske / Shutterstock</div></div>Based in China, Niu Technologies (NASDAQ:<a href="https://investorplace.com/stock-quotes/niu-stock-quote/">NIU</a>) designs, manufactures and sells smart electric scooters. Fundamentally, the idea of electric mobility has come <a href="https://investorplace.com/2024/04/rivn-stock-alert-rivian-gets-hit-with-new-class-action-lawsuit/">under significant pressure</a> due to a host of reasons. Primarily, economic jitters combined with high prices of electric vehicles relative to their combustion-powered counterparts have contributed to the fallout. However, electric scooters may be a different story.



Basically, scooters provide a mix of the best of both worlds: by deploying them within urban centers, you can help solve the last-mile problem. At the same time, the platform adds to the zero-emissions goal that nations everywhere are gradually implementing. So, Niu helps forward convenience under a more sustainable directive &ndash; it&rsquo;s a win-win.



To be sure, analysts aren&rsquo;t exactly clamoring over NIU. However, that makes it one of the overlooked penny stocks. Still, the projections that are available call for fiscal 2024 earnings per share to reach 20 cents. That&rsquo;s a big jump from a loss of 48 cents one year ago. Also, revenue may rise to $467.81 million, up nearly 28% from 2023&rsquo;s tally.



<h2>Dragonfly Energy (DFLI)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/03/penny-stocks-300x169.png" alt="Stacks of pennies representing penny stocks. Nano-Cap Penny Stocks"><div>Source: John Brueske / Shutterstock.com</div></div>Headquartered in Reno, Nevada, Dragonfly Energy (NASDAQ:<a href="https://investorplace.com/stock-quotes/dfli-stock-quote/">DFLI</a>) engages in the manufacturing and sale of deep cycle lithium-ion batteries for recreational vehicles, marine vessels, solar and off-grid residence industries. It also serves industrial and energy storage markets. With the broader push for clean and sustainable solutions &ndash; particularly amid the geopolitical backdrop &ndash; Dragonfly enjoys a relevant narrative.



Whether that translates to significant profitability remains to be seen. Currently, only one analyst within the past three months has covered DFLI. However, when extending the coverage spectrum to August of last year, DFLI actually carries a <a href="https://www.tipranks.com/stocks/dfli/forecast">unanimous buy rating</a>. Notably, the high-side target calls for a per-share price of $3, implying over 270% upside potential.



What&rsquo;s intriguing here is that covering experts call for fiscal 2024 revenue to land at $68.28 million. That&rsquo;s up 6% from last year&rsquo;s haul of $64.39 million. However, the most optimistic target calls for $76.21 million. Now, fiscal 2025 could be a huge year, with sales projected to reach $115.92 million. Therefore, it&rsquo;s a good idea to keep Dragonfly on your radar of overlooked penny stocks.



<h2>PHX Minerals (PHX)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/08/penny-stocks-1600-300x169.jpg" alt="Page of newspaper with words penny stocks. Undervalued Penny Stocks"><div>Source: Vitalii Vodolazskyi / Shutterstock.com</div></div>Calling Fort Worth, Texas home, PHX Minerals (NYSE:<a href="https://investorplace.com/stock-quotes/phx-stock-quote/">PHX</a>) specializes in oil and gas exploration and production. That&rsquo;s a fancy term for the upstream component of the hydrocarbon value chain. Per its <a href="https://finance.yahoo.com/quote/PHX/profile">public profile</a>, PHX produces and sells natural gas, crude oil and natural gas liquids. Because the world runs on oil, PHX effectively enjoys a permanently relevant profile.



However, with the geopolitical backdrop threatening to disrupt global oil supply chains, the company could become even more valuable. However, PHX is only up less than 2% since the start of the year. I think that&rsquo;s ridiculously underappreciated considering the fundamentals. Therefore, it belongs on your speculative list of overlooked penny stocks.



What makes PHX a perplexing idea is that it features a <a href="https://www.tipranks.com/stocks/phx/forecast">unanimous strong buy rating</a> with a $4.85 average price target. At the same time, data from Yahoo Finance reveals that these same experts anticipate earnings and revenue declines for fiscal 2024, with improvements only coming in fiscal 2025.



Frankly, I think the financial forecast will be pushed ahead of schedule. It&rsquo;s one of the overlooked penny stocks to consider.



<h2>Vertex Energy (VTNR)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/penny-stocks-fingers-300x169.jpg" alt="Image of a penny held between two fingers with a white indoor background. Dividend-Paying Penny Stocks"><div>Source: Shutterstock</div></div>Headquartered in Houston, Texas, Vertex Energy (NASDAQ:<a href="https://investorplace.com/stock-quotes/vtnr-stock-quote/">VTNR</a>) is an energy transition company. It focuses on the production and distribution of conventional and alternative fuels. <a href="https://finance.yahoo.com/quote/VTNR/profile">Per its corporate profile</a>, Vertex engages in refining and distributing petroleum products comprising the mobile refinery and related operations. It also sells ferrous and non-ferrous recyclable metal products.



Now, to be clear, VTNR represents an extremely risky idea among overlooked penny stocks. Since the start of the year, shares stumbled nearly 31%. That&rsquo;s ugly. At the same time, over the past five sessions, the security gained almost 70% of equity value. That&rsquo;s more like it.



Analysts are looking at Vertex as a <a href="https://www.tipranks.com/stocks/vtnr/forecast">moderate buy with a $2.51 average price target</a>. That implies over 49% upside potential, with the high-side target aiming for $4. Now, for the current fiscal year, the experts see revenue (on a consensus basis) declining about 2% from last year.



However, the geopolitical context may lead to a pushing up of the fiscal 2025 revenue target of $3.43 billion. That&rsquo;s up 9.8% form projected 2024 sales.



<h2>Purple Innovation (PRPL)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/penny-stocks-man-figurine-300x169.jpg" alt="penny stocks. Penny Stocks with Potential"><div>Source: Shutterstock</div></div>Hailing from Lehi, Utah, Purple Innovation (NASDAQ:<a href="https://investorplace.com/stock-quotes/prpl-stock-quote/">PRPL</a>) designs and manufactures sleep and other products in the U.S. and internationally. The company offers a wide variety of sleep-related products: mattresses, pillows, cushions, bases, sheets, platforms, adjustable bases &ndash; you get the idea. It markets and sells its products through its e-commerce online channels, retail brick-and-mortar wholesale partners, third-party online retailers and Purple showrooms.



Sleep is very important. According to Straits Research, the <a href="https://straitsresearch.com/report/sleep-market">global sleep market</a> &ndash; which includes everything from bedding products to pharmaceuticals &ndash; represents $60.35 billion industry. By 2031, the sector could be worth $102.07 billion, implying a compound annual growth rate (CAGR) of 5.91% from 2023. A good night&rsquo;s rest aids economic productivity. While Purple may be boring, it&rsquo;s in my opinion one of the overlooked penny stocks.



Covering experts see the company generating revenue of $548.91 million. That&rsquo;s up 7.5% from last year&rsquo;s tally of $510.54 million. Further, fiscal 2025 sales could hit $594.07 million, implying 8.2% growth from projected 2024 revenue. With the enterprise forecasted for steady growth in a relevant sector, it&rsquo;s one of the overlooked penny stocks to buy.



<h2>AXT (AXTI)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/penny-stocks-single-300x169.jpg" alt="A close up photo of a penny. Penny Stocks to Buy"><div>Source: Shutterstock</div></div>Based in Fremont, California, AXT (NASDAQ:<a href="https://investorplace.com/stock-quotes/axti-stock-quote/">AXTI</a>) designs, develops, manufactures, and distributes compound and single-element semiconductor substrates. The company offers <a href="https://finance.yahoo.com/quote/AXTI/profile">indium phosphide</a> for use in multiple applications. These include high-speed data transfer protocols in data centers, 5G communications, fiber optic lasers and detectors, among myriad other applications. Long story short, it&rsquo;s a relevant idea among overlooked penny stocks to buy.



AXTI is up over 18% on a year-to-date basis. It was up much higher than that earlier this year, reflecting the wild choppiness of the idea. Still, it also presents speculators with an opportunity for significant growth. In the trailing month, AXTI lost almost 38% of equity value. However, analysts rate shares a unanimous strong buy with a $5.30 average price target. Shares exceeded this target in March so the potential is there.



Even more compelling, experts are calling for fiscal 2024 sales to hit $93.79 million. That&rsquo;s up 23.7% from last year&rsquo;s tally of $75.8 million. What&rsquo;s more, the high-side target calls for $104.5 million. In fiscal 2025, revenue could land at $130.62 million, up 39.3% from projected 2024 sales.



<h2>Ceragon Networks (CRNT)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/penny-stocks-stack-chart-300x169.jpg" alt="a stack of pennies and a calculator lay stop a graph of market movements. Penny Stocks"><div>Source: Shutterstock</div></div>Based in Israel, Ceragon Networks (NASDAQ:<a href="https://investorplace.com/stock-quotes/crnt-stock-quote/">CRNT</a>) together with its subsidiaries, provides wireless transport solutions for cellular operators and other wireless service providers. The company&rsquo;s solutions use microwave and millimeter wave radio technology to <a href="https://finance.yahoo.com/quote/CRNT/profile">transfer telecommunication traffic</a> between base stations, small/distributed cells, and the service provider&rsquo;s network. It&rsquo;s a vital cog in the broader communications ecosystem.



Notably, CRNT is a strong performer in the charts. Since the start of the year, shares gained over 32%. In the past 52 weeks, they&rsquo;ve managed to return more than 54% of equity value. However, CRNT is also encountering near-term volatility, falling over 15% in the trailing month. For the speculative types, this could be the juncture to get a discounted price.



For the current fiscal year, analysts are looking for EPS of 31 cents, a big improvement over last year&rsquo;s 9-cent EPS. Also, they&rsquo;re projecting sales of $394.13 million, which implies 13.5% upside from 2023&rsquo;s tally of $347.18 million. Further, in fiscal 2025, the top line could expand to $418.74 million, up 6.2% from projected 2024 sales.



Penny Stocks



On Penny Stocks and Low-Volume Stocks:&nbsp;With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That&rsquo;s because these &ldquo;penny stocks&rdquo; are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that&nbsp;<a href="http://investorplace.com/">InvestorPlace.com</a>&rsquo;s writers disclose this fact and warn readers of the risks.



Read More:&nbsp;Penny Stocks &mdash;&nbsp;<a href="https://investorplace.com/2014/05/fraud-penny-stocks-scams/">How to Profit Without Getting Scammed</a>



On the date of publication, Josh Enomoto did not have (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
<div>A former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare. Tweet him at @EnomotoMedia.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/04/stealth-wealth-creators-7-overlooked-penny-stocks-ready-to-explode/">Stealth Wealth Creators: 7 Overlooked Penny Stocks Ready to Explode</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

Stealth Wealth Creators: 7 Overlooked Penny Stocks Ready to Explode

Tourlite Capital Q1 2024 Investor Letter

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Given the recent market volatility, many traders are trying to make money in <a href="https://investorplace.com/stock-types/penny-stocks/">penny stocks</a>. With low prices and elevated volatility, penny stocks could be a great way for traders to cash in on breaking news and rapid changes in market sentiment.



However, with the seemingly weakening economic and political backdrop, this is a risky time to be owning most penny stocks. After all, firms normally end up with a rock-bottom share price because something has gone dramatically wrong with their business model.



It&rsquo;s not the leading growth enterprises or blue-chip firms that trade at penny stock prices. Rather, they are companies that are struggling to generate revenues, achieve profitability or have massive debts.



With economic problems mounting, it could be a challenging time for penny stocks. These are seven that you don&rsquo;t want to get stuck holding before the market potentially heads much lower.



<h2>Tilray Brands (TLRY)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/01/shutterstock_1904349628-300x169.png" alt="Closeup of mobile phone screen with logo lettering of cannabinoid company tilray cannabis, blurred marijuana and pipette background"><div>Source: Ralf Liebhold / Shutterstock.com</div></div>The cannabis sector enjoyed a sharp upswing in sentiment earlier this year. There were rumors that there would be major changes in U.S. government regulation towards marijuana. The speculation was that the Biden Administration would make a major policy announcement around cannabis on April 20th. However, this didn&rsquo;t happen, disappointing cannabis investors, and led to a reversal in sentiment.



Tilray Brands (NASDAQ:<a href="https://investorplace.com/stock-quotes/tlry-stock-quote/">TLRY</a>) investors were looking for a boost. If positive news had come out about cannabis reclassification, that could have been a game changer for TLRY. 



But with that catalyst failing to occur, the situation is bleak. Tilray Brands has been experimenting for years trying to find a viable business model. It&rsquo;s tried everything; recreational cannabis, medical marijuana, international markets, and more recently it&rsquo;s gotten into <a href="https://tilray.gcs-web.com/news-releases/news-release-details/tilray-brands-closes-transaction-acquiring-eight-beer-beverage">craft beers</a> and adult beverages. Simply put, Tilray Brands has been throwing spaghetti at the wall, but nothing has stuck.



To keep running the company despite massive losses, TLRY has engaged in seemingly never-ending shareholder dilution. Even with the stock at such a low price today, the company still has a market capitalization of more than $1.3 billion. This is a grossly excessive figure, given the firm&rsquo;s unsuccessful track record and questionable forward prospects.



<h2>Clear Channel Outdoors (CCO)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/09/cco_1600-300x169.jpg" alt="A photograph of a building with the logo for Clear Channel (CCO) on the side."><div>Source: sylv1rob1 / Shutterstock.com</div></div>Clear Channel Outdoors (NYSE:<a href="https://investorplace.com/stock-quotes/cco-stock-quote/">CCO</a>) is a company that owns and manages billboards. Traditionally, these have been billboards positioned along highways. However, in recent years, Clear Channel Outdoors has gotten into digital billboards, experiential advertising and <a href="https://clearchanneloutdoor.com/creative-solutions/">even augmented reality</a> (AR) offerings.



In fact, billboards are a reasonably attractive business model. And historically, people have made good money owning these assets. The issue here is that Clear Channel Outdoors has levered up its business with a <a href="https://investor.clearchannel.com/stock-and-debt-info/debt-info">tremendous amount of debt</a>. Unfortunately, its billboards haven&rsquo;t been able to generate enough revenues to reliably profit given its debt load.



Furthermore, the company has a book value of -$7.17 per share. That&rsquo;s rather remarkable given that the stock price is just $1.39. This speaks to just how underwater Clear Channel Outdoors&rsquo; balance sheet is right now.



In a time of zero interest rates, CCO could keep its business afloat through low-cost debt as interest expenses were manageable. But higher interest rates tend to demolish this sort of highly levered business model. That&rsquo;s particularly true as billboards are a steady-state business where revenue growth tends to be modest at best. Meanwhile, a recession or economic downturn in which clients pull back on advertising could sink Clear Channel Outdoors entirely.



<h2>Nikola (NKLA)</h2>



<div><img width="300" height="200" src="https://investorplace.com/wp-content/uploads/2020/06/nikola_stock-300x200.jpg" alt="image of electric vehicle nikola grill (NIK)"><div>Source: <a href="https://nikolamotor.com/press">Nikola Press Center</a></div></div>Nikola (NASDAQ:<a href="https://investorplace.com/stock-quotes/nkla-stock-quote/">NKLA</a>) is the electric vehicle (EV) maker most known for its infamous stunt. It rolled a prototype vehicle down a hill to give the appearance of having a successful working unit.



The company has sought to move past that unfortunate stage of its history. Nikola founder Trevor Milton has long since left the company and prosecutors successfully <a href="https://www.cbsnews.com/news/trucks-fraud-investors-trevor-milton-nikola-electric-zero-emissions/">charged him with fraud</a>.



Under new management, <a href="https://www.azcommerce.com/news-events/news/2022/4/nikola-corporation-celebrates-start-of-production-in-coolidge/">Nikola built a factory in Arizona</a> and is attempting to make it a legitimate EV company. However, the economics simply don&rsquo;t seem to be working out for Nikola. It has been marked by setbacks such as <a href="https://www.truckingdive.com/news/nikola-temporarily-pauses-coolidge-arizona-facility-tre-bev-production/649912/">a production pause</a> in May 2023.



With a balance sheet in dire condition, there simply doesn&rsquo;t seem to be the commercial adoption necessary to drive any sort of near-term turnaround.



With the stock at 62 cents per share and the company&rsquo;s balance sheet in such poor state, it&rsquo;s increasingly unclear if investors will continue with Nikola. And when the cash runs out, it&rsquo;s hard to see NKLA stock retaining value for shareholders.



<h2>Oatly (OTLY)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/07/oatly-oat-milk-300x169.jpg" alt="OTLY stock: Image of oat milk on a tray."><div>Source: Katrinshine / Shutterstock.com</div></div>Oatly (NASDAQ:<a href="https://investorplace.com/stock-quotes/otly-stock-quote/">OTLY</a>) is a packaged food company attempting to make a splash in the better-for-you beverages space.



Its namesake product, Oatly, is an oat-based drink which serves as an alternative to cow&rsquo;s milk. The company enjoyed some initial high profile success getting chains such Starbucks to <a href="https://stories.starbucks.com/press/2021/oatly-oatmilk-coming-to-starbucks-nationwide-in-the-us/">offer Oatly</a> as an option for customers&rsquo; beverages.



However, the company failed to gain traction, and revenue growth has tapered off, now being in the single digits. And analysts expect <a href="https://seekingalpha.com/symbol/OTLY/earnings/estimates">earnings to remain negative</a> through at least the end of 2026.



Oatly has run outsized sales and marketing expenses in proportion to its revenues. While it has marketed heavily, people just aren&rsquo;t that interested in Oatly. That could be due to a highly competitive market. Consumers can choose from rice milk, soy milk, coconut milk and almond milk among the broad range of dairy alternatives. Within oat milk alone, plenty of rival products and store brand alternatives strive for the top spot.



It seems like oat milk may be a commodity product that should have low profit margins. In any case, Oatly has failed to demonstrate much consumer loyalty. Given the company&rsquo;s large operating losses, thin balance sheet and the current market sentiment against unprofitable firms, the investment case for Oatly has gone sour.



<h2>Bigbear.ai (BBAI)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/02/bbai1600-300x169.png" alt="BigBear.ai (BBAI) is a leading provider of high-speed decision-making technologies. They specialize in AI-driven analytics and solutions for critical missions"><div>Source: MacroEcon / Shutterstock.com</div></div>I&rsquo;ve been highly <a href="https://investorplace.com/2024/03/3-meme-stocks-that-you-still-need-to-sell-that-means-now/">critical</a> of technology company Bigbear.ai (NYSE:<a href="https://investorplace.com/stock-quotes/bbai-stock-quote/">BBAI</a>) in the past. Readers might wonder if the sharp drop in BBAI stock over the past month has changed my outlook. The answer is &ndash; not at all.



While Bigbear.ai has now fallen back to penny stock territory, it has plenty more downside ahead. In fact, judging by its book value of -$0.43 per share, one could reasonably debate whether the company has any underlying long-term value at all.



Like many firms, Bigbear.ai went public via SPAC a few years ago to cash in on lofty investor sentiment. BBAI shares quickly collapsed following the SPAC deal, but were brought back to life with the surge and interest around generative artificial intelligence (AI).



Generative AI is certainly exciting. However, it seemingly carries little relevance to Bigbear.ai&rsquo;s business. It is more focused on data analytics applied to <a href="https://bigbear.ai/solutions/">industrial automation and predictive analytics</a>.



Unfortunately, Bigbear.ai isn&rsquo;t growing quickly. In fact, it grew <a href="https://ir.bigbear.ai/news-events/press-releases/detail/76/bigbear-ai-announces-close-of-pangiam-acquisition-54m-of">revenues a paltry 0.5%</a> last quarter. It runs large operating losses. Also, <a href="https://finviz.com/quote.ashx?t=BBAI&amp;p=d">insiders are selling millions</a> of BBAI shares, with especially aggressive activity noted in March.



Finally, Bigbear.ai has a negative net worth based on book value, revenues have stalled out, operating losses are large and insiders are selling. This adds up to an easy avoid on BBAI stock going forward.



<h2>Virgin Galactic (SPCE)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/06/spce-1600-300x169.jpg" alt="spce stock"><div>Source: rafapress / Shutterstock.com</div></div>Speaking of failed SPACs, how about Virgin Galactic (NYSE:<a href="https://investorplace.com/stock-quotes/spce-stock-quote/">SPCE</a>)? Richard Branson&rsquo;s operation initially blasted off as traders warmed up to the idea of space tourism as a viable business model.



Let&rsquo;s be clear, I&rsquo;m not knocking the idea of space tourism being a relevant business in due time. 



However, Virgin Galactic is offering something that might be well short of what customers consider to be real space tourism. Rather, it has brief zero-gravity flights in which people escape atmosphere for only a few minutes before returning to Earth.



Short sellers have suggested that what Virgin Galactic is offering is not a particularly appealing product and will have <a href="https://www.kerrisdalecap.com/investments/virgin-galactic-holdings-inc-spce/">limited commercial uptake</a>.



And that&rsquo;s if the company ever makes it to the launchpad in the first place. Recently, the company slashed its workforce. And now it&rsquo;s <a href="https://www.bloomberg.com/news/newsletters/2024-04-17/virgin-galactic-richard-branson-s-space-tourism-venture-is-fading">suspending commercial operations</a> until at least 2026 as it attempts to develop a better flight vehicle. Given all these factors, SPCE stock seems exceptionally risky as the broader stock market heads into choppy waters.



<h2>Purple Innovation (PRPL)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/08/prpl-stock-1600-300x169.jpg" alt="Minimal classic bedroom in purple tones with walk-in closet, double bed with duvet and pillows, side tables with lamps, carpet. Parquet and stucco walls, luxury interior design idea, 3d illustration. PRPL stock"><div>Source: Archi_Viz via Shutterstock</div></div>Purple Innovation (NASDAQ:<a href="https://investorplace.com/stock-quotes/prpl-stock-quote/">PRPL</a>) is a direct-to-consumer company focused on the home furnishings market. Specifically, it claims to have <a href="https://purple.com/purple-grid">best-in-class mattresses</a>.



Purple Innovation can build a better mouse trap by selling mattresses and related items online straight to customers rather than spending money on retail distribution. Instead of giving up margin to a brick-and-mortar store, Purple Innovation could earn a fortune by cutting out the middleman.



In theory, that makes sense. In practice, this hasn&rsquo;t worked out. The market was absolutely flooded during the pandemic with direct-to-consumer e-commerce brands. Venture capitalists spent vast sums of money fostering these business models.



Some of them have ultimately worked out, but most failed to meet expectations. The category has become <a href="https://www.cnbc.com/2022/03/14/the-direct-to-consumer-craze-is-slamming-into-reality.html">exceedingly competitive</a>. Specifically in mattresses, Purple Innovation isn&rsquo;t the only company with an e-commerce play, either.



Additionally, advertising rates for online social media, paid search, podcasts and other such marketing channels for these direct-to-consumer companies have soared. As the cost to acquire new customers rises, it challenges the underlying viability of the direct-to-consumer model.



And so, Purple Innovations lost more than $100 million over the past 12 months on revenues of nearly $500 million. Needless to say, that&rsquo;s an underwhelming result during a strong economic expansion. That&rsquo;s doubly true as the past couple of years have been a tremendous time for home goods purveyors. Consumers have been flushed with cash and spending liberally on furniture such as beds and mattresses.



If Purple Innovations couldn&rsquo;t make money during the prior boom, it&rsquo;s almost certainly not going to fare better during an economic bust. Higher interest rates and a retrenchment in consumer spending could be the final straw for this struggling e-commerce play.



On Penny Stocks and Low-Volume Stocks:&nbsp;With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That&rsquo;s because these &ldquo;penny stocks&rdquo; are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that&nbsp;<a href="http://investorplace.com/">InvestorPlace.com</a>&rsquo;s writers disclose this fact and warn readers of the risks.



Read More:&nbsp;Penny Stocks &mdash;&nbsp;<a href="https://investorplace.com/2014/05/fraud-penny-stocks-scams/">How to Profit Without Getting Scammed</a>



On the date of publication, Ian Bezek did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com <a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines</a>.
<div>Ian Bezek has written more than 1,000 articles for InvestorPlace.com and Seeking Alpha. He also worked as a Junior Analyst for Kerrisdale Capital, a $300 million New York City-based hedge fund. You can reach him on Twitter at @irbezek.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/05/stock-market-crash-warning-dont-get-caught-holding-these-7-penny-stocks/">Stock Market Crash Warning: Don&#8217;t Get Caught Holding These 7 Penny Stocks</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

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Purple Innovation Q1 2024 Earnings Preview

Purple Innovation Non-GAAP EPS of -$0.19 misses by $0.03, revenue of $120M misses by $2.11M

Purple Innovation, Inc. (PRPL) Q1 2024 Earnings Call Transcript

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Purple Innovation (NASDAQ:<a href="https://investorplace.com/stock-quotes/prpl-stock-quote/">PRPL</a>) just reported results for the first quarter of 2024.<ul><li>Purple Innovation reported earnings per share of -19 cents. This was below the analyst estimate for EPS of -16 cents.</li><li>The company reported revenue of $120.03 million.</li><li>This was 1.70% worse than the analyst estimate for revenue of $122.11 million.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
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ABUS

ALLG

AXTI

BBAI

CRNT

DFLI

DNPUF

DOGZ

ESPR

EVTV

FTAI

FTAIM

FTAIN

FTAIO

FTAIP

LGND

LGNDZ

LGNXZ

LGNYZ

LGNZZ

MYTE

NKLA

OABI

OABIW

OTLY

PRGO

REAL

ROIV

SMDPY

SOND

SPCE

TLRY

UCAR

VTNR

ZOOZ

Press Releases

Casper Sleep Inc. Appoints Joe Megibow as CEO

Purple Innovation Strengthens Balance Sheet, Creating Greater Financial Flexibility to Execute Growth Strategy

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Purple Innovation Stock (NASDAQ:PRPL), Short Interest Report

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