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

Priority Tech Holdings Stock (NASDAQ:PRTH), Short Interest Report

Priority Tech Holdings

Priority Technology Holdings Inc is a provider of merchant acquiring and commercial payment solutions to small and medium businesses enterprises in the United States. The company has three reportable segments which are SMB Payments, B2B Payments and Enterprise Payments. SMB Payments segment which generates majority revenue provides full-service acquiring and payment-enabled solutions for B2C transactions, leveraging priority's proprietary software platform, distributed through ISO; B2B Payments segment provides AP automation solutions to corporations, software partners and industry FIs: and Enterprise Payments segment provides embedded payment and treasury solutions to enterprise customers to modernize legacy platforms and accelerate software partners' strategies to monetize payments.

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The most oversold stocks in the information technology sector presents an opportunity to buy into undervalued companies.


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U.S. stocks closed slightly lower on Thursday, with the S&amp;P 500 dropping around 0.3%. Here is the list of some big stocks recording gains in the previous session.

Hillenbrand, Cisco, Macy&#39;s And Other Big Gainers From Thursday

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U.S. stocks traded lower, with the Nasdaq dropping more than 180 points on Wednesday. Here are some big stocks recording gains in today’s session.

Lowe&#39;s, Alcon And Some Other Big Stocks Moving Higher On Wednesday

Priority Technology Holdings, Inc. - Common Stock

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The European Unified Patent Court (UPC) today announced a finding that Curio Seeker does not infringe main claim 1 of EP 2697391 asserted by 10x Genomics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXG#NASDAQ">TXG</a>). The UPC has also ordered Curio Bioscience not to offer any product that would violate claim 14 of the &lsquo;391 patent in France, Germany, and Sweden. Accordingly, Curio Bioscience will comply with the order and expects no impact to its commercial business.
The decision arises from 10x&#39;s request for provisional measures and is open to appeal. The main action remains pending.

The European Unified Patent Court Clears Curio Seeker With Respect To Claim 1 Of EP 2697391 Asserted By 10x Genomics

Warren Buffett, the Oracle of Omaha, is known for his astute investment strategies and monumental wealth. However, his dietary choices are as famously simple as they are nutritionally questionable. Let&#8217;s dive into five of his eating habits that might just make a dietician cover their eyes in dismay!
Coca-Cola Consumption
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="585" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/01031347/image-4-1024x585.png" alt="" class="wp-image-316775" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/01031347/image-4-1024x585.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/01031347/image-4-300x171.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/01031347/image-4-768x439.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/01031347/image-4-1536x878.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/01031347/image-4.png 1792w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">The Sage of Omaha has a love for Coca-Cola that is widely known, Image Generated Via Dall-E</figcaption></figure>
Warren Buffett&#8217;s love for Coca-Cola is no secret; he reportedly drinks about five cans of Coke a day. While he believes it makes him feel good, the sugar and caffeine levels are enough to make any health professional nervous about potential long-term health effects like diabetes or heart issues.
See Also:&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38478293/shiba-inus-burn-rate-soars-cathie-wood-believes-ethereum-could-catch-up-to-bitcoin-and-mor?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Shiba Inu&#8217;s Burn Rate Soars, Cathie Wood Believes Ethereum Could Catch Up To Bitcoin And More: Top Crypto</a>
McDonald&#8217;s Breakfast
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="585" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/30031958/image-252-1024x585.png" alt="" class="wp-image-314573" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/30031958/image-252-1024x585.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/30031958/image-252-300x171.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/30031958/image-252-768x439.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/30031958/image-252-1536x878.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/30031958/image-252.png 1792w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Buffett is known to start his day with a breakfast from McDonald&#8217;s, Image Generated Via Dall-E</figcaption></figure>
Buffett is known to start his day with a breakfast from McDonald's. This ritual, while economically savvy, packs a punch in terms of saturated fat and cholesterol, hardly the breakfast of champions unless you&#8217;re championing heart disease.
Dairy Queen Delights
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="585" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/30032012/image-253-1024x585.png" alt="" class="wp-image-314574" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/30032012/image-253-1024x585.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/30032012/image-253-300x171.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/30032012/image-253-768x439.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/30032012/image-253-1536x878.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/30032012/image-253.png 1792w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Buffett not only invests in the company that makes the iconic ice cream but also indulges in it, Image Generated Via Dall-E</figcaption></figure>
A shareholder in Berkshire Hathaway's Dairy Queen, Buffett not only invests in the treat but indulges in it too. His penchant for ice cream from Dairy Queen could send any dietician into meltdown mode considering the sugar and fat content in these frosty desserts.
Utter Love for Utz
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="585" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/01032018/image-5-1024x585.png" alt="" class="wp-image-316786" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/01032018/image-5-1024x585.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/01032018/image-5-300x171.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/01032018/image-5-768x439.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/01032018/image-5-1536x878.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/01032018/image-5.png 1792w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Utz's potato sticks are another favorite snack of Buffett, Image Generated Via Dall-E</figcaption></figure>
Buffett doesn't stop at drinks and fast food; he also has an affinity for Utz's potato sticks. Snacking regularly on these salty treats, which are high in sodium and trans fats, is not something a dietician would advise unless they were planning a lesson on what not to eat.
See's Candies
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="585" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/01032022/image-6-1024x585.png" alt="" class="wp-image-316787" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/01032022/image-6-1024x585.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/01032022/image-6-300x171.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/01032022/image-6-768x439.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/01032022/image-6-1536x878.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/01032022/image-6.png 1792w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">A box of chocolates is no match for Buffett, Image Generated Via Dall-E</figcaption></figure>
Another one of his holdings, See's Candies, plays a sweet role in Buffett's diet. He's known to consume boxes of the chocolates, which are pure sugar and fat. This habit is particularly cringeworthy from a nutritional standpoint, embodying every dietician&#8217;s nightmare about sugar intake.
Warren Buffett&#8217;s Photo, Courtesy Flickr
Read Next: <a href="https://www.benzinga.com/news/24/04/38479283/ex-trump-aide-says-melania-trump-not-happy-with-latest-revelations-in-hush-money-trial?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Ex-Trump Aide Says Melania Trump &#8216;Not Happy&#8217; With Latest Revelations In Hush-Money Trial</a>
Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

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Warren Buffett Is A Dietician's Worst Nightmare: 5 Things The Legendary Investor Loves To Eat That Would Give Any Health Nut A Heart Attack

Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) is set to significantly scale up its advertising business, according to MNTN CEO Mark Douglas.
What Happened: Douglas shared his opinion about Amazon&#8217;s growing focus on performance advertising on its homepage and in Amazon Prime, during <a href="https://www.cnbc.com/video/2024/04/30/amazons-ad-business-is-going-to-grow-significant-scale-and-be-very-profitable-mntn-ceo-mark-douglas.html">CNBC&#8217;</a>s &#8220;Last Call&#8221; on Tuesday. This strategy, Douglas said, was previously employed by Google and Meta.
&#8220;It [Amazon&#8217;s advertising] in itself is creating a huge business that is differentiated from all the other advertisers and it&#8217;s going to grow significant scale and be very, very profitable,&#8221; he said.
See Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38519395/goldman-sachs-tempers-investor-excitement-on-tesla-self-driving-not-yet-an-eyes-off?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Goldman Sachs Tempers Investor Excitement On Tesla Self-Driving Tech In China: &#8216;Not Yet An Eyes-Off, Unsupervised Product&#8217;</a>
Why It Matters: Amazon&#8217;s <a href="https://www.benzinga.com/news/earnings/24/04/38534302/amazon-q1-earnings-highlights-revenue-beat-eps-beat-aws-hits-100-billion-annual-run-rate-and-more">first-quarter earnings report</a> indicated net sales of $143.3 billion, a 13% increase year-over-year. The net sales total surpassed the Street consensus estimate of $142.5 billion.
Amazon&#8217;s CEO Andy Jassy <a href="https://www.benzinga.com/news/24/04/38539518/amazons-andy-jassy-remains-bullish-on-aws-sees-very-large-opportunity-and-expects-meaningful-capex-i">expressed optimism about the future</a> of Amazon Web Services (AWS) during the earnings call. Jassy highlighted the potential for AWS, stating that despite the segment's $100 billion-plus annualized revenue run rate, over 85% of the global IT spend is still on-premises.
Price Action: Amazon&#8217;s stock closed at $175.0 on Tuesday, down by 3.29% from the previous close, according to <a href="https://pro.benzinga.com">Benzinga Pro</a>. However, the company&#8217;s Q1 GAAP earnings per share (EPS) of $0.98 surpassed the estimated $0.78, indicating a strong financial performance.
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38478293/shiba-inus-burn-rate-soars-cathie-wood-believes-ethereum-could-catch-up-to-bitcoin-and-mor?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Shiba Inu&#8217;s Burn Rate Soars, Cathie Wood Believes Ethereum Could Catch Up To Bitcoin And More: Top Crypto&nbsp;Updates This Week</a>
Photo via Shutterstock
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Amazon's Advertising Business Is 'Going To Grow Significant Scale,' Says Mark Douglas: '...And Be Very, Very Profitable'

Italian hypercar builder&nbsp;<a target="_blank" href="https://www.benzinga.com/news/23/08/33910832/the-worlds-most-expensive-ev-is-an-open-top-supercar-that-costs-4-8m" rel="noreferrer noopener">Automobili Pininfarina</a>&nbsp;has teamed up with&nbsp;Wayne Enterprises, a fictional luxury brand inspired by the Batman franchise, to unveil four exclusive electric vehicles (EVs) inspired by the Dark Knight.
Electrifying Partnership: The all-electric Italian brand said in a statement that it collaborated with Wayne Enterprises, a creation of Warner Bros., to craft these custom-made EVs. These hypercars target high-end consumers, mirroring the taste of Bruce Wayne, Batman&#8217;s civilian persona.
Billionaire&#8217;s Batmobile:&nbsp;Automobili Pininfarina took two existing models, the&nbsp;Battista hyper GT&nbsp;and the&nbsp;B95 Barchetta, and transformed them into four Batman-themed EVs: &#8220;Gotham&#8221; and &#8220;Dark Knight.&#8221; Both models boast a 120kWh lithium-ion battery and four electric motors, generating a staggering 1,900 horsepower – exceeding the performance of any current Formula 1 car.
These exclusive vehicles feature unique design elements that pay homage to the Batman universe. Wayne Enterprises-inspired HMI display enhancements and performance-boosting specifications set them apart. The interiors boast a completely revamped door and roof design, with a significant portion of the roof made of curved glass.
<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/2024/05/01031038/B95-Dark-Knight-1024x576.jpeg" alt="B95 Dark Knight" class="wp-image-316772" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/01031038/B95-Dark-Knight-1024x576.jpeg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/01031038/B95-Dark-Knight-300x169.jpeg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/01031038/B95-Dark-Knight-768x432.jpeg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/01031038/B95-Dark-Knight.jpeg 1280w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">B95 Dark Knight</figcaption></figure>
See Also: <a href="https://www.benzinga.com/money/best-ev-battery-stock" target="_blank" rel="noreferrer noopener">8 Best EV Battery Stocks</a>
Limited Edition, Luxury Price Tag:&nbsp;Automobili Pininfarina will only manufacture a limited number of these hypercars, with the exact production quantity determined by customer demand. Pricing details for these exclusive vehicles are available on a dedicated website: BruceWayneX.com.
<ul>
<li>Battista Dark Knight: €3,400,000 ($3,631,438)</li>
<li>Battista Gotham: €3,400,000 ($3,631,438)</li>
<li>B95 Dark Knight: €4,900,000 ($5,234,596)</li>
<li>B95 Gotham: €4,900,000 ($5,234,596)</li>
</ul>
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="576" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/01031340/Battista-Dark-Knight-1024x576.jpeg" alt="Battista Dark Knight" class="wp-image-316776" style="width:800px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/01031340/Battista-Dark-Knight-1024x576.jpeg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/01031340/Battista-Dark-Knight-300x169.jpeg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/01031340/Battista-Dark-Knight-768x432.jpeg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/01031340/Battista-Dark-Knight.jpeg 1280w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Battista Dark Knight</figcaption></figure>
Catering to the High-End EV Market: This launch follows Automobili Pininfarina&#8217;s announcement in August 2023 regarding the world&#8217;s first pure-electric, open-top hyper Barchetta, the B95. 
Based on the PURA Vision design concept, the B95 is set for production and delivery in 2025, with only 10 unique units available globally, starting at EUR 4.4 million ($4.8 million).&nbsp;&nbsp;
Both the B95 and the Batman-themed EVs showcase Automobili Pininfarina&#8217;s strategy of catering to the high-end electric vehicle market.
Read Next: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38480932/billionaire-investor-chamath-palihapitiya-ranks-teslas-non-ev-businesses-picks-this?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Billionaire Investor Chamath Palihapitiya Ranks Tesla&#8217;s Non-EV Businesses</a>
Photo courtesy: Automobili Pininfarina
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Closest Thing To A Real-Life Batmobile: Italian Hypercar Maker Unveils Million-Dollar EVs Fit For Bruce Wayne's Lifestyle

Reed Hastings, the co-founder of Netflix Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>), recently revealed that he has been following a business philosophy inspired by Jeff Bezos, the former CEO of Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>).
What Happened: Hastings, who co-founded Netflix in 1997 and now chairs the $260 billion streaming giant, shared his approach to taking risks in a recent <a href="https://tim.blog/2024/04/03/reed-hastings/">conversation</a> on entrepreneur Tim Ferriss&#8216; podcast.
He emphasized the importance of taking &#8220;recoverable risks&#8221; to boost productivity and creativity. This approach, according to Hastings, is borrowed from Bezos&#8217; leadership style at Amazon, where risks are categorized as &#8220;one-way doors&#8221; or &#8220;two-way doors.&#8221;
&#8220;A two-way door risk is easy to take because it&#8217;s reversible, so you can come back in and pick another door,&#8221; Bezos <a href="https://www.youtube.com/watch?v=DcWqzZ3I2cY">explained</a> in a &#8216;Lex Fridman Podcast&#8216; last year. &#8220;But a one-way door risk probably can&#8217;t be undone. You go in that door, you&#8217;re not coming back.&#8221;
Hastings agreed: "I think that's a great business philosophy. I share it."
At Netflix, greenlighting new shows that aren&#8217;t guaranteed hits is considered a recoverable risk. If a show proves unpopular, the streaming giant can cancel it, using revenue from safer, lower-risk programming to cover the financial losses.
See Also: <a href="https://www.benzinga.com/news/24/04/38479283/ex-trump-aide-says-melania-trump-not-happy-with-latest-revelations-in-hush-money-trial?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Ex-Trump Aide Says Melania Trump &#8216;Not Happy&#8217; With Latest Revelations In Hush-Money Trial</a>
In 2017, Hastings <a href="https://www.cnbc.com/2017/05/31/cnbc-transcript-netflix-founder-and-ceo-reed-hastings-speaks-with-cnbcs-julia-boorstin-on-squawk-alley-today-from-the-code-conference.html">told</a> CNBC he was pushing his content team to &#8220;take more risk.&#8221; This strategy can lead to surprise hits or valuable lessons from failures.
Why It Matters: Hastings&#8217; business philosophy is in line with Bezos&#8217; unconventional approach to productivity. Bezos, who stepped down as Amazon&#8217;s CEO, revealed that he believes in allowing his mind to <a href="https://www.benzinga.com/news/24/04/38422720/jeff-bezos-reveals-his-unconventional-approach-to-productivity-i-believe-in-wandering">wander during meetings</a> to foster creativity and problem-solving.
However, Bezos has also been embroiled in controversy, with the Federal Trade Commission or <a href="https://www.benzinga.com/news/24/04/38451439/jeff-bezos-and-amazon-ceo-andy-jassy-accused-of-deleting-chats-amid-antitrust-probe-the-ftcs-content">FTC accusing him</a> and Amazon CEO Andy Jassy of deleting text messages that could have been used as evidence in an ongoing antitrust investigation.
Despite this, Bezos has continued to make headlines, with his fiancée, Lauren Sánchez, recently sparking a debate over a <a href="https://www.benzinga.com/general/entertainment/24/04/38234990/jeff-bezos-fianc-e-lauren-s-nchez-turns-heads-at-white-house-state-dinner-in-2-3k-dress-but">bold fashion statement</a> at a White House state dinner.
Read Next: <a href="https://www.benzinga.com/news/24/04/38479082/elon-musk-gives-one-word-response-to-joe-bidens-dig-at-donald-trump-at-white-house-correspondents-di?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Gives One-Word Response To Joe Biden&#8217;s Dig At Donald Trump At White House Correspondents&#8217; Dinner</a>
Image Via Shutterstock 
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Jeff Bezos Has A 'Great Business Philosophy,' According to Netflix CEO Reed Hastings, Gives Amazon Chairman Credit For His Success

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Reported Earlier, Empire State Building Teams Up With WhatsApp And Mercedes-AMG For Spectacular F1 Show And More

- CN (TSX:<a class="ticker" href="https://www.benzinga.com/stock/CNR#TSX">CNR</a>) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNI#NYSE">CNI</a>) today announced a public debt offering of C$700 million&nbsp;4.60%&nbsp;Notes due 2029, and C$550 million&nbsp;5.10%&nbsp;Notes Due 2054. CN expects to close the offering on May 2, 2024, subject to customary closing conditions. 
&nbsp;
CN plans to use the net proceeds from the offering for general corporate purposes, which may include the redemption and refinancing of outstanding indebtedness, share repurchases, acquisitions and other business opportunities.
The debt offering is being made in Canada under CN&#39;s base shelf prospectus dated April 2, 20

TSX:CNR

Reported Earlier, CN Launches C$1.25B Debt Offering To Fuel Corporate Initiatives

Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk on Tuesday detailed plans for the company&#8217;s charging infrastructure segment after the <a href="https://www.benzinga.com/news/24/04/38516190/elon-musk-cracks-whip-harder-2-more-senior-tesla-execs-reportedly-exit-as-ceo-demands-absolutely-har">departure of its head</a>, Rebecca Tinucci. 
What Happened: &#8220;Tesla still plans to grow the Supercharger network,&#8221; Musk said while adding that it would be at a &#8220;slower pace for new locations.&#8221;
The company would instead focus on 100% uptime and expanding existing locations, he said. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Tesla still plans to grow the Supercharger network, just at a slower pace for new locations and more focus on 100% uptime and expansion of existing locations
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1785406795814510785?ref_src=twsrc%5Etfw">April 30, 2024</a></blockquote>
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&#8220;Sites under construction will be completed and we will add additional Superchargers anywhere where there are gaps,&#8221; Musk wrote. 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">It's definitely going to open. Sites under construction will be completed and we will add additional Superchargers anywhere where there are gaps.
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1785461086688256361?ref_src=twsrc%5Etfw">May 1, 2024</a></blockquote>
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At the end of the first quarter, Tesla had 57,579 Supercharger connectors and 6,249 stations around the globe. The company also started opening its supercharger network in North America to rival EV makers including Ford and Rivian in February.
Why It Matters: Earlier this week, The Information reported that Tesla Senior Director of Charging Infrastructure&nbsp;Rebecca Tinucci&nbsp;will leave the company as of Tuesday morning. 
The report further added, citing a mail to other Tesla executives from Musk, that about 500 people will be laid off from Tinucci&#8217;s supercharger group. Some will also be reassigned, it said. 
The executive&#8217;s departure follows Tesla&#8217;s <a href="https://www.benzinga.com/news/24/04/38244436/breaking-tesla-said-to-be-laying-off-over-14-000-employees">decision to lay off 10% or 14,000</a> of its global workforce in a bid to cut costs and focus all efforts on <a href="https://www.benzinga.com/news/24/04/38286437/tesla-ceo-elon-musk-says-going-balls-to-the-wall-for-autonomous-driving-is-blindingly-obvious-as-eve">developing vehicle autonomy.</a> 
&#8220;About every 5 years, we need to reorganize and streamline the company for the next phase of growth,&#8221; Musk said on X about the sweeping job cuts.&nbsp;
Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
Read More:&nbsp;<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38511618/tesla-researcher-thinks-ev-giants-biggest-challenge-in-q2-comes-from-one-of-its-cas" target="_blank" rel="noreferrer noopener">Tesla Researcher Thinks EV Giant's ‘Biggest Challenge' In Q2 Comes From One Of Its Cash Cows Due To A Tax Credit Twist</a>
Photo via Shutterstock

TSLA

Tesla CEO Elon Musk Says Supercharger Network Will Still Grow But 'At A Slower Pace For New Locations' After Firing Entire Unit's Team

Earnings

VSME

VS Media Fiscal 2023 EPS $(0.33) Down From $(0.09) YoY, Revenue $7.99M Down From $9.03M YoY

Li Auto Inc.&nbsp;delivered 25,787 vehicles in April 2024, up&nbsp;0.4%&nbsp;year over year. The cumulative deliveries of Li Auto vehicles reached 739,551 as of the end of April 2024.

Li Auto Delivered 25,787 Vehicles In April 2024, Up 0.4% YoY

Macro Economic Events

Econ #s

Economics

U.K. Nationwide House Price Index (MoM) For April -0.4% Vs. 0.2% Est.; -0.2%

U.K. Nationwide House Price Index (YoY) For April 0.6% Vs. 1.2% Est.; 1.6% Prior

Amazon.com, Inc.&#8217;s&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) Twitch has introduced a short-form video platform, directly competing with ByteDance-owned TikTok, amidst the <a href="https://www.benzinga.com/news/24/04/38460175/tiktok-would-rather-shutdown-than-opt-for-sale">latter&#8217;s uncertain future in the U.S.</a>
What Happened: Twitch, a popular live-streaming platform, has unveiled a new feature called Discovery Feed. It appears as a new tab on Twitch&#8217;s mobile app, allowing users to browse through short clips extracted from longer videos,&nbsp;<a href="https://www.bloomberg.com/news/articles/2024-04-30/amazon-s-twitch-starts-rival-to-tiktok-in-short-form-video?srnd=technology-vp">reported</a>&nbsp;Bloomberg reported on Wednesday. 
Unlike TikTok, where creators upload their own short-form content, Twitch users select entertaining segments from live streams and convert&nbsp;them into clips. The Discovery&nbsp;Feed will be &#8220;personalized&#8221; based on a viewer&#8217;s watch history and real-time interactions, potentially including mature content that complies with Twitch&#8217;s guidelines.
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.
Why It Matters: The future of TikTok in the U.S. <a href="https://www.benzinga.com/news/24/04/38372058/analyst-predicts-tiktok-shutdown-in-us-by-next-year-ahead-of-senate-vote-will-not-operate-here">has been uncertain</a> due to concerns related to data privacy and national security.
Last week, President Joe Biden signed legislation that gives <a href="https://www.benzinga.com/news/24/04/38394855/biden-set-to-sign-tiktok-ban-into-law-after-senate-passes-bill-supported-by-gop-democrats">TikTok's parent company, ByteDance, nine months</a>, with the possibility of a 90-day extension, to either sell the app or face a national ban. 
This has sparked a strong reaction from TikTok, with <a href="https://www.benzinga.com/markets/asia/24/04/38418913/tiktok-fights-back-we-arent-going-anywhere-whats-next-for-users">its CEO vowing to fight the ban</a> in court. &#8220;Make no mistake, this is a ban, a ban on TikTok and a ban on you and your voice,&#8221; TikTok CEO Shou Zi Chew said in a video last week. 
Meanwhile, the situation has also drawn attention from global leaders, with the European Commission president suggesting that a <a href="https://www.benzinga.com/news/24/04/38508391/after-biden-signs-tiktok-ban-into-law-top-eu-leader-says-not-ruling-out-action-against-chinese-platf">ban on TikTok in the EU</a> is also a possibility. 
Photo by salarko on Shutterstock
Check out more of Benzinga'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:&nbsp;<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38511556/what-is-going-on-with-apple-iphone-sales-drop-by-staggering-9-3m-units-globally-in-?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">What Is Going On With Apple? iPhone Sales Drop By Staggering 9.3M Units Globally In Q1 2024 Because Of This Even As Industry Grows 10%: Report</a>
Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

Social Media

Media

Amazon's Twitch Launches Short-Form Video Platform To Challenge TikTok As Chinese Platform's Future Remains Uncertain

Former employees of Google (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) have accused the tech giant of unlawful termination. The employees claim that Google dismissed approximately 50 staff members who were protesting its cloud contract with the Israeli government.
What Happened: The workers complained to the U.S. National Labor Relations Board (NLRB) late Monday, Reuters reported. They allege that Google violated their rights under U.S. labor law to advocate for better working conditions by terminating them.
The workers argue that Project Nimbus supports Israel&#8217;s military tool development. Google, however, maintains that the Nimbus contract &#8220;is not directed at highly sensitive, classified, or military workloads relevant to weapons or intelligence services.&#8221;
Zelda Montes, a former Google employee arrested during a Project Nimbus protest, accused Google of firing workers to suppress organizing and send a message to its workforce that dissent would not be tolerated. 
&#8220;Google is attempting to instill fear in employees,&#8221; Montes said.
The workers involved in the NLRB complaint are seeking reinstatement to their jobs with back pay and a statement from Google affirming it will not violate workers&#8217; rights to organize.
See Also: <a href="https://www.benzinga.com/government/24/04/38488235/supreme-court-drivers-hauling-baked-goods-are-in-transportation-not-baking?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Supreme Court: Drivers Hauling Baked Goods Are in Transportation, Not Baking</a>
Why It Matters: This incident follows a series of events that began with Google&#8217;s decision to terminate 28 employees<a href="https://www.benzinga.com/markets/equities/24/04/38306735/google-reportedly-fires-28-staff-members-over-israel-cloud-contract-protests-majority-of-our-emp"> following sit-in protests </a>at Google's New York and California offices. The protests were against Google's involvement in Project Nimbus.
The company stated last week that about 20 more workers were dismissed for protesting the contract at the office.
Google defended its actions, stating that the workers&#8217; behavior was &#8220;completely unacceptable&#8221; and made others feel threatened and unsafe. The company reiterated that every individual whose employment was terminated was directly involved in disruption inside their buildings.
Later, Google's CEO, Sundar Pichai, <a href="https://www.benzinga.com/news/24/04/38334324/sundar-pichai-announces-restructure-after-google-fires-protesting-employees-too-important-a-moment-a">announced a restructuring of Google's devices and mobile software</a> divisions in an email. Pichai emphasized the need for focus, collaboration, and respectful disagreements within the company.
Read Next: <a href="https://www.benzinga.com/general/macro-notification/24/04/38491988/federal-reserve-meeting-preview-high-interest-rates-need-more-time-to-work-bank-of-ame?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Federal Reserve Meeting Preview: High Interest Rates &#8216;Need More Time To Work,&#8217; Bank of America Says</a>
Image via Shutterstock
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 Engineered by Benzinga Neuro, Edited by 
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Politics

GOOGL

Former Google Employees Allege Unlawful Dismissals Over Protests Against Israeli Contract

The CEO of Starbucks Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>), Laxman Narasimhan, recently unveiled a surprising success story amid the company&#8217;s <a href="https://www.benzinga.com/news/24/04/38534321/starbucks-q2-earnings-revenue-miss-eps-miss-comps-down-4-and-more">lackluster second-quarter</a> performance.
What Happened: Despite a quarter marked by economic challenges, Starbucks found a bright spot in the unexpected popularity of its new Lavender Latte. 
The beverage, featuring a trendy botanical twist, resonated with Gen Z and Millennial customers, providing a much-needed boost to the company&#8217;s otherwise disappointing quarterly results
The CEO, however, highlighted the surprising success of the Lavender Latte, which performed almost as well as the iconic Pumpkin Spice Latte (PSL).
&#8220;Our new Lavender platform performed nearly as well this past quarter as the PSL,&#8221; Narasimhan said during the earnings call.
Despite economic and weather-related challenges, the Lavender Latte&#8217;s popularity provided a much-needed morale boost. Narasimhan even hinted at future &#8220;texture-based innovations,&#8221; suggesting that the executive team may be exploring new and unconventional flavors.
&#8220;When we innovate well, it&#8217;s meeting our own expectations,&#8221; said CFO Rachel Ruggeri.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38478293/shiba-inus-burn-rate-soars-cathie-wood-believes-ethereum-could-catch-up-to-bitcoin-and-mor?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Shiba Inu&#8217;s Burn Rate Soars, Cathie Wood Believes Ethereum Could Catch Up To Bitcoin And More: Top Crypto Updates This Week</a>
Why It Matters: Starbucks&#8217; <a href="https://www.benzinga.com/news/24/04/38534321/starbucks-q2-earnings-revenue-miss-eps-miss-comps-down-4-and-more">second quarter results</a> were indeed disappointing, with a 2% year-over-year drop in revenue to $8.6 billion, a 4% decline in global comparable store sales, and a 7% decrease in overall earnings per share. These results were attributed to a 3% comp growth decline in North America, an 11% comp growth decrease in China, and other economic and weather-related challenges.
Starbucks&#8217; ability to innovate and adapt to changing consumer tastes has been a recurring theme. In 2023, the company partnered with K-pop group BLACKPINK to introduce <a href="https://www.benzinga.com/general/entertainment/23/07/33312486/starbucks-teams-up-with-k-pop-stars-blackpink-for-drinks-merchandise-here-are-the-countries">limited-time beverages</a> and merchandise, a move aimed at tapping into new customers. 
In 2022, Starbucks introduced a <a href="https://www.benzinga.com/news/22/05/27116045/starbucks-debuts-chocolate-beverage-while-james-cromwell-glues-himself-to-a-store-counter">chocolate-flavored beverage</a> inspired by &#8220;nostalgic summer moments,&#8221; showcasing its commitment to staying relevant and appealing to customer sentiments.
Price Action: Starbucks experienced a significant decline in after-hours trading on Tuesday, dropping 11.57% to $78.25, according to the data <a href="https://pro.benzinga.com/dashboard">from Benzinga Pro</a>.
Read Next: <a href="https://www.benzinga.com/government/24/04/38488235/supreme-court-drivers-hauling-baked-goods-are-in-transportation-not-baking?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Supreme Court: Drivers Hauling Baked Goods Are in Transportation, Not Baking</a>
Image Via Shutterstock 
This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

Restaurants

SBUX

Move Over Pumpkin Spice, Lavender Is The New Queen Bee — Starbucks CEO Finds A Silver Lining In Disappointing Q2 Results, Drops Hints Of Future 'Texture-Based Innovations'

An internal email from Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) has surfaced, indicating that the company&#8217;s investment in ChatGPT-parent OpenAI was driven by <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">concerns about falling behind</a> Alphabet Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) AI capabilities.
What Happened: The email, disclosed as part of the <a href="https://www.benzinga.com/news/23/08/33587101/google-antitrust-lawsuit-us-judge-upholds-key-claims-made-by-federal-government">Justice Department&#8217;s antitrust case</a> against Google on Tuesday, was written by Microsoft&#8217;s chief technology officer Kevin Scott in 2019. Scott expressed deep concern about the gap in AI model-training capabilities between Google and Microsoft, <a href="https://www.bloomberg.com/news/articles/2024-05-01/microsoft-concern-about-google-s-lead-drove-investment-in-openai?srnd=technology-vp">reported</a> Bloomberg.
He wrote, &#8220;We are multiple years behind the competition in terms of machine learning scale.&#8221; The email also highlighted the lack of infrastructure and development speed at Microsoft compared to OpenAI and Google&#8217;s DeepMind.
See Also: <a href="https://www.benzinga.com/news/24/04/38480373/musk-vs-moskovitz-rages-on-as-tesla-ceo-trolls-facebook-co-founders-company-why-would-anyone-pay-mon?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Musk Vs. Moskovitz Rages On As Tesla CEO Trolls Facebook Co-Founder&#8217;s Company: &#8216;Why Would Anyone Pay Money For Functionality That Comes For Free On Your Phone?&#8217;</a>
Microsoft CEO Satya Nadella addressed inquiries regarding the email during his testimony at the trial last fall. &#8220;As it relates to search, we wanted to sort of ensure that we could think about innovation&#8221; within the search domain using large language models such as those developed by OpenAI, he said. Adding, that the investment, however, &#8220;was not made with the narrow focus on just search.&#8221;
The Justice Department has argued that Google&#8217;s monopoly in the search market may have delayed the release of OpenAI&#8217;s innovations. Closing arguments in the case will be presented by Google and the Justice Department on Thursday and Friday, with Judge Amit Mehta anticipated to deliver his decision later this year, the report noted. 
Subscribe to the <a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a> to get all the latest tech developments delivered to your inbox.
Why It Matters: The email&#8217;s release sheds light on the intense competition in the AI space, particularly between Microsoft and Google. Microsoft has <a href="https://www.benzinga.com/government/24/04/38299939/eu-clears-microsofts-13b-openai-investment-from-formal-probe-a-relief-for-tech-giants">invested over $13 billion in OpenAI</a>, leveraging the startup&#8217;s generative-AI technology to enhance its Bing search service, Edge internet browser, and integrate an AI Copilot service into Windows.
In December 2022, almost a month after OpenAI released ChatGPT to public and received massive appreciation, <a href="https://www.benzinga.com/news/22/12/30170477/chatgpt-popularity-reportedly-leads-to-google-declaring-code-red-as-sundar-pichai-increases-involvem-1">Google reportedly declared a &#8220;code red.&#8221;</a> At the time, it was reported that Google CEO Sundar Pichai was involved in a flurry of meetings to define the tech giant&#8217;s AI strategy. 
In February 2023, Google introduced Bard (now rebranded as Gemini), as an answer to ChatGPT, however, the chatbot <a href="https://www.benzinga.com/news/23/02/30813210/ai-might-not-be-the-answer-for-your-homework-yet-google-bard-gives-this-wrong-answer-at-launch">gave an incorrect answer</a> during the launch event, making it a laughingstock. On Google&#8217;s internal forum &#8220;Memegen,&#8221; employees characterized the troubled launch as &#8220;rushed,&#8221; &#8220;botched,&#8221; <a href="https://www.benzinga.com/news/23/02/30870003/un-googley-google-employees-ridicule-ceo-sundar-pichai-for-rushing-bard-ai-chatbot-announcement">and &#8220;un-Googley.&#8221;</a>
Earlier this year, <a href="https://www.benzinga.com/24/02/37356467/google-ceo-sundar-pichai-admits-gemini-ai-errors-completely-unacceptable-no-ai-is-perfect-we-got-it">Google also faced backlash for its Gemini AI</a>, after the chatbot generated historically inaccurate images and text.
Check out more of Benzinga's Consumer Tech coverage by <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/24/04/38510070/apple-co-founder-steve-wozniak-reveals-his-unique-obsession-with-this-weird-object-many-of-the-best?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Apple Co-Founder Steve Wozniak Reveals His Unique Obsession With This Weird Object: &#8216;Many Of The Best Things… Aren&#8217;t Super Functional But They Are Cool&#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.

MSFT

Microsoft's Fear Of Google's AI Dominance Led To OpenAI Investment, Internal Email Reveals: 'We're Multiple Years Behind The Competition'

Euronet Worldwide (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EEFT#NASDAQ">EEFT</a>) reported quarterly earnings of $1.28 per share which beat the analyst consensus estimate of $1.04 by 23.08 percent. This is a 47.13 percent increase over earnings of $0.87 per share from the same period last year. The company reported quarterly sales of $857.000 million which beat the analyst consensus estimate of $845.578 million by 1.35 percent. This is a 8.87 percent increase over sales of $787.200 million the same period last year.

Earnings Beats

EEFT

Euronet Worldwide Q1 2024 Adj EPS $1.28 Beats $1.04 Estimate, Sales $857.000M Beat $845.578M Estimate

Mastercard Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MA#NYSE">MA</a>) is set to release earnings results for its first quarter <a href="https://www.benzinga.com/quote/MA/earnings">before the opening bell on May 1, 2024.</a>
Analysts expect the Purchase, New York-based company to report quarterly earnings at $3.02 per share, up from $2.8 per share in the year-ago period. Mastercard is projected to report quarterly revenue of $5.92 billion, up from $5.75 billion in the year-earlier quarter, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Mastercard, last month, unveiled a strategic realignment of its teams to focus on Core Payments, Commercial and new Payment Flows, and Services.
Mastercard shares fell 1.3% to close at $451.20 on Tuesday.
Benzinga readers can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate <a href="https://www.benzinga.com/quote/MA/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul>
<li>Baird analyst David Koning maintained an Outperform rating and boosted the price target from $525 to $545 on April 19. This analyst has an accuracy rate of 77%.</li>
<li>JP Morgan analyst Tien-Tsin Huang maintained an Overweight rating and raised the price target from $504 to $520 on April 15. This analyst has an accuracy rate of 64%.</li>
<li>Jefferies analyst Trevor Williams maintained a Buy rating and raised the price target from $520 to $540 on March 8. This analyst has an accuracy rate of 63%.</li>
<li>Wells Fargo analyst Donald Fandetti maintained an Overweight rating and increased the price target from $490 to $530 on March 6. This analyst has an accuracy rate of 71%.</li>
<li>BMO Capital analyst Rufus Hone maintained an Outperform rating and boosted the price target from $480 to $490 on Feb. 1. This analyst has an accuracy rate of 78%.</li>
</ul>
Read This Next: <a href="https://www.benzinga.com/news/24/04/38520037/jim-cramer-rejects-illumina-as-its-not-well-run-recommends-buying-this-tech-stock-right-here-right-n">Jim Cramer Rejects Illumina As &#8216;It&#8217;s Not Well-Run,&#8217; Recommends Buying This Tech Stock &#8216;Right Here, Right Now&#8217;</a>

Price Target

Mastercard Likely To Report Higher Q1 Earnings; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

Apple, Inc.&#8217;s&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) second-quarter results due Thursday will&nbsp;be used&nbsp;to&nbsp;<a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38166627/apple-faces-difficult-china-demand-environment-results-could-be-better-than-feared-" rel="noreferrer noopener">gauge China&#8217;s softness,</a>&nbsp;a bullish analyst said&nbsp;on Tuesday.
The Apple Analyst:&nbsp;Wedbush&#8217;s&nbsp;Daniel Ives&nbsp;maintained an Outperform rating and $250 price target for the stock.&nbsp;
The Apple Thesis:&nbsp;&nbsp;iPhone unit sales will be softer in China, with revenue potentially declining&nbsp;year-over-year,&nbsp;due to&nbsp;Huawei&nbsp;competition and a lackluster iPhone 15 upgrade cycle, said Ives in a note.
But the analyst sees light at the end of the tunnel. &#8220;The good news is help is on the way as we believe a pent-up demand cycle with an AI-driven iPhone 16 model on the horizon should enable Cook &amp; Co. to return to growth again in China with tailwinds into FY25,&#8221; he said.&nbsp;
Ives said the Services business may have outperformed in the March quarter, and the segment remained the &#8220;Rock of Gibraltar for Apple.&#8221;
See Also:&nbsp;<a target="_blank" href="https://www.benzinga.com/money/everything-you-need-to-know-about-apple-stock" rel="noreferrer noopener">Everything You Need to Know About Apple Stock</a>
Muted Outlook:&nbsp;CEO&nbsp;Tim Cook&#8217;s&nbsp;tone on the earnings call will be&nbsp;important, the analyst said. He looks ahead to a &#8220;cautiously optimistic&#8221; outlook around China&nbsp;longer&nbsp;term from&nbsp;Apple,&nbsp;while also not expecting any fireworks for iPhone unit growth in the region in the June quarter.
Ives models June-quarter iPhone revenue of about $35 billion and total revenue in the $80 billion range.&nbsp;
The analyst also expects Cook to shed more light on the broader AI strategy as the technology would be a game-changer for the Apple story over the coming years.
Bullish Bias:&nbsp;Despite the near-term softness, Ives said he is bullish on Apple due to:
<ul>
<li>seemingly achievable 2024 iPhone estimates&nbsp;</li>
<li>conservative 2025 estimates</li>
<li>pent-up demand around an upgrade cycle potentially exceeding 270 million</li>
<li>Services poised to grow by double-digit percentage</li>
<li>AI&nbsp;finally&nbsp;coming to Apple, with an announcement likely coming at the Worldwide Developers Conference in June</li>
<li>strong installed base with 2.2 billion iOS devices</li>
</ul>
&#8220;Our forest through the trees view on Apple is all about navigating this next 1-2 quarters and getting on to the other side of easier comps,&nbsp;<a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38362506/apples-next-big-leap-how-ai-software-and-wwdc-announcements-could-fuel-growth" rel="noreferrer noopener">AI announcement at WWDC</a>, [a]&nbsp;stronger upgrade cycle for iPhone 16, and the monetization opportunity of the golden installed base in Cupertino,&#8221; Ives said.
&#8220;The Street is bracing for a brutal March quarter this week and soft June guidance&nbsp;which&nbsp;we believe could be the last few quarters of this growth storm as Apple starts to see a renaissance of growth heading into the September quarter and FY25.&#8221;
Price Action:&nbsp;Apple ended Tuesday&#8217;s session down 1.83% at&nbsp;$170.33,&nbsp;according to&nbsp;<a target="_blank" href="https://benzinga.grsm.io/lxquj26b2sag" rel="noreferrer noopener">Benzinga Pro data.</a>
Read Next: <a href="https://www.benzinga.com/news/earnings/24/04/38481553/will-earnings-cheer-continue-to-buoy-markets-apple-amazon-pfizer-coinbase-lead-flurry-of-q1-reports">Will Earnings Cheer Continue To Buoy Markets? Apple, Amazon, Pfizer, Coinbase Lead Flurry Of Q1 Reports This Week</a>
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Analyst Ratings

AAPL

Wall Street Braces For Brutal Apple Earnings, But Top Analyst Gives 6 Reasons To Stay Bullish On iPhone Maker

Jim Cramer, the host of CNBC&#8217;s &#8220;Mad Money,&#8221; has attributed the recent market downturn to concerns about interest rates.
What Happened: On Tuesday, Cramer discussed the market&#8217;s performance, emphasizing the impact of potential interest rate changes by the Federal Reserve, <a href="https://www.cnbc.com/2024/04/30/jim-cramer-says-interest-rate-worries-helped-bring-april-sell-off.html">reported</a> CNBC. 
The major indices experienced a significant drop, marking the end of a five-month winning streak for all three and the worst monthly performance for the Dow Jones Industrial Average since September 2022.
Cramer highlighted the market&#8217;s sensitivity to the Fed&#8217;s rate decisions, particularly in light of the recent increase in the Employment Cost Index, which measures worker pay. 
He suggested that investors are still hoping for multiple rate cuts this year, and any positive economic data could prompt them to sell off stocks.
"What truly matters to this market is that we've got plenty of investors who're still clinging, or holding out for, a whole bunch of rate cuts this year," he said. "And until they give up on that idea, they're going to keep dumping stocks any time we get one piece of strong economic data, no matter what it is."
See Also: <a href="https://www.benzinga.com/markets/asia/24/04/38481364/chinas-big-banks-halt-russia-transactions-over-us-sanctions-forcing-firms-to-resort-to-underground-c?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">China&#8217;s Big Banks Halt Russia Transactions Over US Sanctions, Forcing Firms To Resort To &#8216;Underground&#8217; Channels: Report</a>
However, Cramer expressed optimism that Fed Chair Jerome Powell could reassure investors during the upcoming meeting by indicating a commitment to maintaining current rates. He pointed to a drop in consumer confidence and the Chicago Purchasing Managers&#8217; Index as potential indicators of a weakening economy, which the Fed may view favorably.
&#8220;Every year there are people who want to get out ahead of the &#8216;sell in May and go away&#8217; crowd,&#8221; Cramer said. &#8220;If that&#8217;s the case, we could right the ship tomorrow if Jay Powell acknowledges some brown shoots. Personally, that&#8217;s my preferred explanation.&#8221;
Why It Matters: Cramer&#8217;s analysis aligns with the current market sentiment, which has been heavily influenced by speculation about potential rate cuts. Earlier in February, Cramer encouraged investors to <a href="https://www.benzinga.com/markets/equities/24/02/36946651/jim-cramer-tells-investors-to-find-some-room-for-stocks-before-fed-rate-cuts-youre-gonna-be-kick">capitalize on the market conditions</a> before the Fed implements rate cuts. 
However, by April, he <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38179803/jim-cramer-weighs-in-on-feds-interest-rate-cut-plans-dont-hold-your-breath-this-eco">warned against anticipating swift rate cuts</a> due to the strength of the economy, a sentiment echoed by other analysts.
Despite this, the possibility of a <a href="https://www.benzinga.com/general/macro-notification/24/04/38526201/is-hawkish-shift-on-inflation-imminent-wall-street-analysts-traders-brace-for-fed-impa">hawkish shift in the Fed&#8217;s stance</a> has caused uncertainty among investors. The recent <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38508875/another-rate-hike-coming-in-2024-macquarie-economists-reverse-forecast-warn-of-incr">reversal of interest rate cut predictions</a> by Macquarie economists further adds to the complexity of the current market landscape.
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38478293/shiba-inus-burn-rate-soars-cathie-wood-believes-ethereum-could-catch-up-to-bitcoin-and-mor?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Shiba Inu&#8217;s Burn Rate Soars, Cathie Wood Believes Ethereum Could Catch Up To Bitcoin And More: Top Crypto</a>
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Engineered by Benzinga Neuro, Edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>
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Federal Reserve

Jim Cramer Attributes April Market Sell-Off To Interest Rate Concerns: 'They're Going To Keep Dumping Stocks ...'

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
<a href="https://investorplace.com/stock-types/penny-stocks/">Penny stocks</a> get a bad rap, but for investors with high risk tolerance, they can provide outsized returns. Many quality businesses start out trading at penny stock levels before surging higher once Wall Street takes notice. Penny stocks present an opportunity to get in early on hypergrowth companies before their core strengths become widely known. That&rsquo;s if you combine it with the right research and selective investing. This has led to this list of penny stocks to turn $5 into $500.



Certain penny stocks trading at depressed levels with strong underlying businesses have asymmetric upside versus downside risk. Moreover, focusing on penny stocks with profitable operations reduces the risk of shareholder dilution eroding returns. With the market dominated by high-flying big tech names, they present a chance to uncover hidden gems before they join the ranks of hot momentum stocks.



I believe penny stocks are an untapped source of potential multibagger returns in today&rsquo;s environment. By investing small amounts into a basket of carefully researched penny stocks exhibiting hypergrowth potential, investors stand to reap huge rewards. For example, turning $5 into $500 would represent a 10,000% return &ndash; the type of home run swing penny stock investing offers compared to conventional assets. Here are seven penny stocks to turn $5 into $500.



<h2>AXT (AXTI)</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>AXT (NASDAQ:<a href="https://investorplace.com/stock-quotes/axti-stock-quote/">AXTI</a>) makes single-element semiconductor substrates with its gradient freeze technology. This enables AXTI to produce high-performance semiconductor substrates and epitaxial wafers used in EVs, wireless devices, LEDs, lasers, optical sensing, and more.



I believe AXTI could be one of the next <a href="https://investorplace.com/industries/technology/semiconductor/">semiconductor stocks</a> to surge, given the growth in semiconductors and investors searching for the next big name in the space before the hype around AI really takes hold.



In fact, AXTI has already climbed 75% in the past month but remains down 73% from its peak and has been essentially flat over the past year. This means there is still substantial upside potential, especially as the company continues to innovate and expand into new markets. For example, AXTI is making advancements with 8-inch gallium arsenide technology to support emerging micro-LED applications, with customer visits planned for next quarter.



The company also sees new demand related to AI, with orders already coming in and expected to drive growth. I believe AXTI offers excellent value right now.



<h2>Intermap Technologies (ITMSF)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/12/penny-stocks-1600-300x169.jpg" alt="A concept image of a penny sitting on a stock chart"><div>Source: Billion Photos / Shutterstock.com</div></div>Intermap Technologies (OTCMKTS:<a href="https://investorplace.com/stock-quotes/itmsf-stock-quote/">ITMSF</a>) is a geospatial intelligence company providing various geospatial solutions and analytics to commercial and government clients. Its offerings include Data-as-a-Service solutions like InsitePro. There is also NEXTMap One, which provides high-precision 3D geospatial data.



Mapping and geospatial data were viewed as a niche mainly for military applications in the past. But they&rsquo;re used across various industries today. For instance, ITMSF recently <a href="https://seekingalpha.com/news/4057256-intermap-wins-major-indonesian-mapping-contract" target="_blank">secured a $20 million contract</a> to map Indonesia&rsquo;s Sulawesi island, with follow-on awards expected. Its Q3 results showed a <a href="https://seekingalpha.com/pr/19535724-intermap-announces-46-percent-increase-in-commercial-revenue-during-third-quarter?hasComeFromMpArticle=false" target="_blank">46% increase in commercial revenue</a>.



The stock is already up 44% year-to-date but essentially flat over the past year. This means ITMSF is starting its recovery with substantial additional upside potential. As the company continues gaining traction with its subscription-based SaaS offerings and lands more government contracts, I believe ITMSF is poised for significant returns. This makes it one of those penny stocks to turn $5 into $500.



<h2>SurgePays (SURG)</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. high return penny stocks"><div>Source: Vitalii Vodolazskyi / Shutterstock.com</div></div>SurgePays (NASDAQ:<a href="https://investorplace.com/stock-quotes/surg-stock-quote/">SURG</a>) is a financial technology company focused on serving the underbanked community in the United States. It provides prepaid wireless service, prepaid debit cards, check cashing, and other financial services through a network of independently owned convenience stores and &ldquo;bodegas.&rdquo; Though not a penny stock by the $5/share definition, SURG definitely qualifies with its small $112 million market cap.



However, I believe SURG has tremendous upside potential that makes it an attractive investment despite its relatively higher share price compared to traditional penny stocks. The company has managed to grow and expand its offerings even in the current turbulent market environment, while many other fintech players have floundered.



SURG achieved a record <a href="https://seekingalpha.com/article/4652890-surgepays-inc-surg-q3-2023-earnings-call-transcript" target="_blank">Q3 net income of $7.1 million</a> and EBITDA of $7.5 million, with over $17 million in net income year-to-date. Profitability margins have also expanded substantially. The company ended Q3 with $12.6 million in cash against only $5.5 million in debt.



It also recently acquired ClearLine Mobile and signed a partnership with SIN PIN targeting the U.S. immigrant population. I believe SURG is significantly undervalued trading at just 4 times 2023 expected earnings. The current discount seems unwarranted, and I expect SURG to surge ahead over the coming year.



<h2>Priority Technology Holdings (PRTH)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/penny-stocks-lifting-men-figurines-300x169.jpg" alt="penny stocks"><div>Source: Shutterstock</div></div>Fintech is one of my favorite sectors right now, and Priority Technology Holdings (NASDAQ:<a href="https://investorplace.com/stock-quotes/prth-stock-quote/">PRTH</a>) is an ideal way to play the space. PRTH stands to benefit as digital transactions continue growing. Admittedly, e-commerce and online spending have moderated recently amidst the current environment. However, I believe significant pent-up demand remains. Once rates decline and the economy reopens, banks should become much more willing to partner with fintechs.



PRTH has fallen to penny stock levels around $3, after peaking at $8 in 2021. But with the company nearing profitability and expected to deliver double-digit revenue growth, I see this as a prime turnaround setup. Consensus <a href="https://seekingalpha.com/symbol/PRTH/earnings/estimates" target="_blank">estimates call for PRTH&rsquo;s first full year of profitability in 2025</a>, along with EPS recovering from -$0.57 to 22 cents over the next two years.



Trading at just 0.3x forward sales and only 14x 2025 EPS estimates, PRTH looks like a bargain in my view. If the company even comes close to hitting estimates, the stock price has plenty of room to run. With fintech still in the early innings and ongoing digital transformation tailwinds.



<h2>Tetra Technologies (TTI)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/04/oil-stocks1600-300x169.png" alt="Oil. 3D Illustration. Oil stocks are up."><div>Source: Pavel Ignatov / Shutterstock.com</div></div>Tetra Technologies (NYSE:<a href="https://investorplace.com/stock-quotes/tti-stock-quote/">TTI</a>) operates in the energy industry, providing completion fluids and water management services to oil and gas producers. After a turbulent few years, TTI appears to be back on solid ground financially. Although it has cooled off from September&rsquo;s peak of $6.5, TTI remains well above 2021 levels.



Drilling down into the numbers, TTI looks attractively priced for a penny stock. It currently trades at 12x expected 2024 EPS of 32 cents. But looking ahead, <a href="https://seekingalpha.com/symbol/TTI/earnings/estimates" target="_blank">analysts forecast EPS to climb to $1.34 in 2026</a>. That puts the forward P/E ratio at just 3x! TTI also boasts an intriguing lithium development project with Exxon (NYSE:<a href="https://investorplace.com/stock-quotes/xom-stock-quote/">XOM</a>) in Arkansas, adding some diversification to its oil/water recycling business. It&rsquo;s one of those penny stocks to turn $5 into $500.



If TTI can execute and deliver on its long-term profit growth, I believe the stock remains significantly undervalued. While <a href="https://investorplace.com/industries/energy/">energy stocks</a> carry risk, TTI&rsquo;s upside potential outweighs the downside from current levels in my view. I wouldn&rsquo;t be surprised to see TTI become a multibagger over time if management delivers.



<h2>Latham Group (SWIM)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/01/growthstocks1600-2-300x169.png" alt="Creative image of growing coin stacks and candlestick forex chart on blurry background. Trade, money and financial growth concept. Growth stocks. Double exposure"><div>Source: Golden Dayz / Shutterstock.com</div></div>Latham Group (NASDAQ:<a href="https://investorplace.com/stock-quotes/swim-stock-quote/">SWIM</a>) is the largest designer and manufacturer of in-ground pools in North America. With housing demand skewing towards more luxury, pools are becoming increasingly popular. An average pool adds about 7% to a home&rsquo;s resale value. With U.S. housing growing and only 8% of households currently owning a pool, tailwinds exist for the broader swimming pool industry.



SWIM has struggled in 2023 and is expected to see revenue decline slightly again in 2024. But by 2025, analysts forecast EPS <a href="https://seekingalpha.com/symbol/SWIM/earnings/estimates" target="_blank">rebounding from 8 cents to 30 cents</a>, putting the forward P/E at 10x. Margins and bottom-line growth matter most here. And if SWIM can benefit from the strong industry backdrop, I believe its growth trajectory will inflect higher over the next few years. That makes the current valuation highly attractive for long-term investors in my view.



While it may take some patience, SWIM has visible drivers to boost revenue as housing demand normalizes. With the pool market projected to grow with a 6%+ CAGR through 2028, I see SWIM&rsquo;s depressed valuation as an opportunity for big returns down the road.



<h2>Hive Blockchain Technologies (HIVE)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/07/blockchain_tokenization_1600_b-300x169.jpg" alt="An image of a hand holding a cell phone with several visualizations of digital building blocks floating above it. representing sto platforms"><div>Source: Marko Aliaksandr/ShutterStock.com</div></div>Bitcoin (<a href="https://investorplace.com/cryptocurrency/btc-usd/">BTC-USD</a>) recently hit an all-time high, yet Bitcoin mining stocks remain unloved. With the upcoming halving, many investors fear miner profitability could suffer. However, these miners have been aggressively expanding equipment and stockpiling Bitcoin to maintain hash rates. Once they report these larger Bitcoin holdings, it should drive renewed interest in miners.



As Hive (NASDAQ:<a href="https://investorplace.com/stock-quotes/hive-stock-quote/">HIVE</a>) stated in a <a href="https://hivedigitaltechnologies.com/news/hive-digital-announces-bitcoin-production-and-hodl-growth-in-february-2024-to-2131-bitcoins/" target="_blank">recent update</a>: the company has increased its Bitcoin holdings by 10% and its HODL position at month end was 2,131 Bitcoin on its balance sheet. For February, they mined 200 Bitcoin, reflecting a 9% monthly increase in mining capacity to 4.2 EH/s.



These metrics showcase Hive&rsquo;s operational efficiency even with the halving on the horizon. And the 10% increase in Bitcoin holdings indicates they are prepared. With Bitcoin in an uptrend, I expect Hive&rsquo;s next quarterly report to showcase substantial asset growth. That should serve as a positive catalyst for the stock.



Mining stocks like Hive remain out of favor and undervalued in my view. But with Bitcoin appearing bullish and Hive&rsquo;s production metrics headed in the right direction, I see big upside from current levels over the long term. All in all, it&rsquo;s one of those penny stocks to turn $5 into $500.



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, Omor Ibne Ehsan did not hold (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&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines.</a>
<div>Omor Ibne Ehsan is a writer at InvestorPlace. He is a self-taught investor with a focus on growth and cyclical stocks that have strong fundamentals, value, and long-term potential. He also has an interest in high-risk, high-reward investments such as cryptocurrencies and penny stocks. You can follow him on <a href="https://www.linkedin.com/in/omor-ibne-ehsan-56068022b/">LinkedIn</a>.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/03/7-penny-stocks-that-can-turn-your-5-into-500-overnight/">7 Penny Stocks That Can Turn Your $5 Into $500 Overnight</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

7 Penny Stocks That Can Turn Your $5 Into $500 Overnight

Priority Technology GAAP EPS of -$0.16 misses by $0.06, revenue of $199.3M misses by $2.54M

Priority Technology Holdings Inc (PRTH) has provided an update. On March 12, 2024, Priority invites investors to tune into their earnings conferenc...

Priority Technology Announces Q4 Earnings Conference Call

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Analysts Are Bullish on These Technology Stocks: Aviat Networks (AVNW), Priority Technology Holdings (PRTH)

Priority Technology Holdings, Inc. 2023 Q4 - Results - Earnings Call Presentation

Priority Techno Holdings Inc (PRTH) said before open Tuesday that it lost $0.16 per share in quarter four 2023. On the revenue line, the company reported $199.3 million, missing estimates by $2.6 million.In the same quarter a year ago, the company lost $0.15 per share on revenue of $177.6 million. The stock is up 5.11% to

Priority Techno Holdings Inc Up 5.11% To $3.29 After Earnings Miss

Priority Technology Holdings, Inc. (PRTH) Q4 2023 Earnings Call Transcript

KBW analyst Michael Perito maintained a Hold rating on Priority Technology Holdings (PRTH – Research Report) yesterday and set a price target of $4...

KBW Remains a Hold on Priority Technology Holdings (PRTH)

Overall market sentiment has been down on Priority Technology Holdings Inc (PRTH)  stock lately. PRTH receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator. Priority Technology Holdings Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on PRTH!See Fu

Is Priority Technology Holdings Inc (PRTH) Stock About to Get Hot Wednesday?

In a report released today, Michael Perito from KBW maintained a Hold rating on Priority Technology Holdings (PRTH – Research Report), with a price...

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Priority Tech Holdings Stock (NASDAQ:PRTH), Short Interest Report

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