Braze (NASDAQ:BRZE) Stock

BRAZE INC-A

Braze

Braze Inc is a customer engagement platform that powers customer-centric interactions between consumers and brands. The company provides solutions for Retail & E-commerce, Media & Entertainment, Financial Services, and Travel & Hospitality related industries. The company offers a single, vertically integrated platform that encompasses the various functionalities, or layers, required for modern customer engagement: data ingestion, classification, orchestration, personalization, and action, all of which is supported by Sage AI by Braze, its AI engine designed to power AI functionality across all layers of this stack. It generates majority of its revenue from the United States.

Braze Inc

Treace Medical Concepts, Inc.&nbsp;("Treace" or the "Company") (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TMCI#NASDAQ">TMCI</a>), a medical technology company driving a fundamental shift in the surgical treatment of bunions and related midfoot deformities through its flagship&nbsp;<a href="https://www.globenewswire.com/Tracker?data=PhrvPgwWnFGurg6S4cTMXPnZSvIbsh-7vD75qshZf4W2Rv0eH6iYS-TAky5-84_Ri0VIN7nTuV0z-GkegYiluBakImmk3Zj1w4rROHMt6lwsw3REO81rw-etukNCmXZSin4tSCCkNkE0xBHrq0Q7tPjokuA-oap_BjbHuXsRo-LgNNZoGsnUePUbT2-ILzChf2DHLwrSQXQZyWVQvrJEbk0AQHM7eVsk7zC4vaKtqUoeoDHCJzOqPhWKcqtvWnTInYG_aeXX0i81qxfMgqiVsg==">Lapiplasty</a><a href="https://www.globenewswire.com/Tracker?data=LrnJlF18b7EWzk_EAUJaWxGrxsoWgQpX1WKeJ0MipgVBshUVXHUA5zPh5NCDgcNKBO6A9xD35YFbiyZ1DNTulkO1cYzusFeKbXuLEM4blCZJ5k744h9h6kzAVfgox0FPgavIE7DwiF422KNrSWJFHx01V7TfoKgoah7rt5AC07IhZmYAf7CbRDc1QqTt8wwbr56hBQaud9XD_58LlCi_nMcPOnTeqG5Lb_IyWD8AxttJPAbLBRIxrVfgQTACvnytyRl4MFQiNTFTY4mRBRbg-Q==">&#xAE;</a>&nbsp;and&nbsp;<a href="https://www.globenewswire.com/Tracker?data=Ky8kGGLXsMTu3wsAXQppn1PfeewfClEbXAZbmmoTmTGzckwETGDKjrRCVtjW_PfjE682okBcjHwSpyYD3ZLTWqlyvmlQaTncmuRanfcgyPXq89flAjVvT8U90c9JXN3ZHl_RVYLNeeXD1fy3lK0reILVhp40trP0SNtWir-Im2LoRiGF6hZmEkTIaoQWpTaJNiiAU3_p36gcE7q72b6FYhsIHMJpXu4rMIRqg6AB3B4p9xhKAjU7aR8hF3ED29goR3-pfMcJotTJpuPXNubY4swADMFv4kvo1u9e-PuH6H034oUlBGOBo8pbqcqr6pHY">Adductoplasty</a><a href="https://www.globenewswire.com/Tracker?data=iU3fmGaUZi_JeR470Lioedud-n-0b_bx4qOO-3b22Rvo4Xdt1yz_PqYHunQivstC8HxZtcFDnANwN5nPFT05HigJ0nSJBwn0LnMVL0ugniZAkJRYpK-63l0Qn7aWa0elJwsd5hZielGaxqcGOfBP6MtE2xeJMav5md3UhP8ioZkA0CQNWbieFy6sUjXGNl9yCVNuhlpeg58_DWgp2zGQCrNi8j1JTY2kOFmxR0GJ6TFclq7OrROrzjUrDqYhpUNd3NzdJg9mJf7bHMrBObB4dtCB4BQHRme_eeVBW5QPZ4w=">&#xAE;</a>&nbsp;procedures, today announced that it filed a lawsuit against&nbsp;Zimmer Biomet Holdings, Inc. and Paragon 28, Inc. (collectively, "Zimmer") (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZBH#NYSE">ZBH</a>), alleging infringement of 4 patents related to Treace's innovative Lapiplasty&#xAE; 3D Bunion Correction&#xAE; technologies. The suit was filed in the&nbsp;United States District Court for the District of Delaware, and seeks injunctive relief and damages.

Biotech

News

General

TMCI

Treace Medical Concepts Files Patent Infringement Lawsuit Against Zimmer Biomet And Paragon 28, Alleging Violation Of 4 Patents Related To Its Lapiplasty 3D Bunion Correction Technologies And Seeking Injunctive Relief And Damages

Company announces 2028 financial targets
Top-line growth target supported by March 31 backlog of $14.6 billion
Transformative margin expansion underway
Oshkosh Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OSK#NYSE">OSK</a>), a leading innovator of purpose-built vehicles and equipment, shared its strategy for growth and 2028 financial targets at its <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Foshkosh-2025-investor-day.open-exchange.net%2Fregistration&amp;esheet=54266669&amp;newsitemid=20250605834205&amp;lan=en-US&amp;anchor=Investor+Day&amp;index=1&amp;md5=586a401f55d046b1ede96759f92450cb">Investor Day</a> held June 5, 2025. The Company announced the following 2028 consolidated financial targets:
<ul>
<li>$13 billion-$14 billion revenue</li>
<li>12%-14% adjusted1 operating income margin</li>
<li>$18.00-$22.00 adjusted1 earnings per share</li>
<li>90%+ free cash flow conversion2 across the cycle</li>
</ul>

Guidance

Oshkosh Projects 2028 Revenue of $13B-$14B And Adj. EPS Of $18.00-$22.00

Bitcoin's (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) recent price consolidation is raising alarms about whether the $100,000 <a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45790623/bitcoin-at-105000-bull-market-correction-or-bear-market-beginning">support level will hold</a>. 
What Happened: In an <a href="https://www.youtube.com/watch?v=G10hBqONoXg">episode</a> of the Technical Roundup podcast, pseudonymous trader DonAlt explained that while the monthly chart remains strongly bullish, the daily timeframe is looking shaky. 
While Bitcoin&#8217;s monthly chart remains &#8220;ragingly bullish&#8221; with strong support between $94,000-$102,000, the daily timeframe shows more concerning patterns. 
He pointed to a false breakout above resistance that's since been rejected, adding, the daily is a little bit choppy, if not leaning slightly bearish.
DonAlt considers $100,000 a clear line in the sand: If you're bullish, you've got a clean invalidation at $100,000. If it breaks, I think we're looking at a fast trip to $90,000 again.
Despite short-term caution on Bitcoin, DonAlt expressed renewed optimism on Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>), calling the recent breakout "sexy" after months of lagging behind.
ETH has reclaimed key support on the ETH/BTC pair and bounced ~8–10%, suggesting growing momentum. He expects a rotation out of altcoins like Solana into ETH, noting ETH has outperformed peers for six to seven consecutive weeks.
Also Read: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45790623/bitcoin-at-105000-bull-market-correction-or-bear-market-beginning">Bitcoin At $105,000: Bull Market Correction Or Bear Market Beginning?</a>
What's Next: Looking ahead, DonAlt warned about potential risks from leveraged corporate Bitcoin positions, particularly Strategy&#8217;s aggressive accumulation strategy.
&#8220;The moment that that starts unraveling like Bitcoin is going to go down like 50%ish I think at least,&#8221; he cautioned, though he believes &#8220;we&#8217;re not there yet.&#8221;
The trader has adjusted his strategy for this cycle, taking profits gradually rather than attempting to time a perfect exit. 
&#8220;I&#8217;m not young enough anymore to stay up and look at the chart 24/7 just to make sure that I get the top,&#8221; he admitted, describing his more conservative approach as allowing him to &#8220;go on a vacation for a week&#8221; and not care about market movements.
What's Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45789332/bitcoin-ethereum-xrp-dogecoin-dip-but-trader-says-everythings-going-according-to-plan">Bitcoin, Ethereum, XRP, Dogecoin Dip, But Trader Says Everything&#8217;s Going According to Plan</a></li>
</ul>
Image: Shutterstock

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

$BTC

$ETH

Could Bitcoin Plummet To $90,000 Soon?

Rosenblatt analyst Catharine Trebnick maintained Sprinklr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CXM#NYSE">CXM</a>) with a Buy and a&nbsp;<a target="_blank" href="https://www.benzinga.com/quote/CXM/analyst-ratings" rel="noreferrer noopener">$12&nbsp;price target</a> on Thursday.
Sprinklr&#8217;s results demonstrated progress and its ongoing transformation, Trebnick said. The company reported: 
<ul class="wp-block-list">
<li>Total revenue of $205.5 million (+5% Y/Y), beating the Street estimate of $201.8 million and coming in above guidance of $201.5 million-$202.5 million.</li>
<li>A 4% Y/Y increase in Subscription revenue to $184.1 million, surpassing consensus estimates by $1 million and generating 90% of total revenue, he said.</li>
<li>Professional services revenue was $21.4 million, up 15% Y/Y (versus 18% Q/Q), beating Trebnick&#8217;s estimate by ~$2 million.</li>
<li>Operating income of $36.7 million (18% margin), exceeding the analyst estimate of $32.3 million (16% margin) and above guidance of $31.5 million-$32.5 million,</li>
<li>Adjusted EPS of 12 cents, which beats the Street estimate of 10 cents.</li>
</ul>
Also Read: <a href="https://www.benzinga.com/markets/small-cap/25/06/45770622/sprinklr-rises-on-solid-earnings-raised-outlook-and-new-150-million-buyback-plan" target="_blank" rel="noreferrer noopener">Sprinklr Rises On Solid Earnings, Raised Outlook, And New $150 Million Buyback Plan</a>
Trebnick says the company grapples with elevated customer churn and down-sell activity, which has persisted over the past 24 months. 
NRR declined to 102% from 104% last quarter. This trend reflects ongoing customer churn and down-sell activity due to inconsistent operational execution, ineffective implementations, and accumulated technical debt. 
While customers generating over $1 million in subscription revenue grew 6% Y/Y to 146, the Q/Q decline from 149 reflects customers falling below the $1 million threshold amid limited renewals and reduced up-sell/cross-sell activity.
Management has prioritized churn reduction through the &#8220;Project Bear Hug&#8221; initiative, which has engaged over 200 of its top 500 customers and is showing tangible traction. To enhance customer success, management has also standardized implementation processes to 80% consistency, he said. 
This comprehensive go-to-market overhaul, including new sales pod structures and enablement programs, is expected to gain momentum in the second half of 2026 and position Sprinklr for potential acceleration in fiscal 2027 and 2028, Trebnick said.
These early proof points and management&#8217;s ability to deliver solid financial results while executing strategic initiatives encouraged the analyst.
Trebnick projected second-quarter revenue of $205.5 million and EPS of $0.10.
Price Action: CXM shares are up 0.55% at $9.11 at the last check Thursday.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/m-a/25/06/45789800/amd-acquires-another-company-to-expands-ai-arsenal" target="_blank" rel="noreferrer noopener">AMD Acquires Another Company To Expand AI Arsenal</a></li>
</ul>
Image: Shutterstock

Price Target

Reiteration

Analyst Ratings

Trading Ideas

Sprinklr Eyes Long-Term Growth With 'Project Bear Hug' Despite Customer Churn Concerns: Analyst

ULTA

CNBC Halftime Report Final Trades: GAP, Ulta Beauty, Walt Disney Company, iShares Silver Trust

Space Forge, a U.K.-based space manufacturing startup, has secured a $30 million Series A funding round to advance its vision of producing high-performance semiconductor materials in space. The NATO Innovation Fund led the investment, alongside World Fund, British Business Bank, and the National Security Strategic Investment Fund, according to a <a href="https://www.spaceforge.com/news/space-forge-secures-record-breaking-series-a-funding-to-revolutionise-industrial-materials-using-space">statement</a> by Space Forge.
The round values the company at over $200 million, according to <a href="https://techcrunch.com/2025/05/31/space-forge-raises-30m-series-a-to-make-chip-materials-in-space/">TechCrunch</a>, and supports plans to build satellites that can manufacture, deorbit, and return advanced materials to Earth.
Don't Miss:
<ul class="wp-block-list">
<li>Maximize saving for your retirement and cut down on taxes: <a href="https://www.benzinga.com/money/wideradvisor-retirement-planning">Schedule your free call with a financial advisor to start your financial journey – no cost, no obligation</a>.</li>
<li><a href="https://www.benzinga.com/money/this-ai-imaging-technology-has-been-used-in-more-than-500-surgeries-now-you-can-be-part-of-the-ai-imaging-revolution">Be part of the next med-tech breakthrough for only $350 — 500+ surgeries already done with nView's AI system.</a></li>
</ul>
<h2 class="wp-block-heading">Why Manufacture In Space?</h2>
<a href="https://www.benzinga.com/partner/emerging-markets/25/04/44920512/the-new-industrial-frontier-on-orbit-manufacturing-and-one-companys-role-in-making-it-a-">Space Forge says</a> that microgravity, vacuum, and extreme cold in orbit enable purer crystal growth, potentially producing defect-free semiconductor materials suitable for next-generation quantum computing and defense chips.
"We're stood on the shoulders of about 50 years of research when it comes to not only knowing that this is possible, but also knowing that there is a profound improvement in doing so," CEO Joshua Western told TechCrunch, referencing decades of proven scientific groundwork behind the concept.
<h2 class="wp-block-heading">Innovative Satellite Manufacturing and Return System</h2>
Space Forge's initial ForgeStar-0 satellite was lost in 2023 after Virgin Orbit's rocket failure during launch, ending the mission after just six and a half minutes.
Trending: Invest where it hurts — and help millions heal:<a href="https://www.benzinga.com/money/a-cure-for-osteoarthritis-powered-by-everyday-investors-cytonics-is-looking-to-beat-big-pharma-and-disrupt-a-390-billion-market"> Invest in Cytonics and help disrupt a $390B Big Pharma stronghold</a>.
With new funding, the company is now accelerating development of its next spacecraft, ForgeStar-1, planned for launch later this year. According to TechCrunch, the mission—dubbed "The Forge Awakens"—will feature the company's Pridwen heat shield technology, designed to enable safe reentry and recovery of manufactured materials.
TechCrunch also reported that Space Forge's patented reentry system, nicknamed "Mary Poppins from space," deploys an umbrella-like structure for controlled descent and water landing. Additional recovery systems, such as a floating net called Fielder, support safe retrieval, with backing from the U.K. Space Agency and the European Space Agency.
<h2 class="wp-block-heading">Strategic Impact and Market Opportunity</h2>
According to Space Forge, orbital manufacturing offers a promising avenue to strengthen supply chains for semiconductor production, reducing reliance on Earth-based systems that are susceptible to disruptions.
The company cites research indicating that space-made materials could reduce carbon dioxide emissions by 75% and energy consumption by 60% in critical infrastructure sectors, contributing to climate resilience.
See Also: <a href="https://www.benzinga.com/money/are-you-rich">Are you rich?</a> Here&#8217;s what Americans think you need to be considered wealthy.
The global semiconductor materials market is projected to reach approximately $87.4 billion by 2030, growing at a compound annual growth rate of 4.6% from 2022, according to <a href="https://www.globenewswire.com/news-release/2022/06/22/2467548/0/en/Semiconductor-Material-Market-Size-to-Hit-USD-87-4-Bn-by-2030.html">Precedence Research</a>. This growth is driven by increasing demand for advanced materials like silicon carbide and gallium nitride, which are essential for applications in electric vehicles, 5G networks, and defense technologies.
<h2 class="wp-block-heading">Industry Support and Future Outlook</h2>
The recent funding round included investments from strategic partners such as World Fund, with General Partner Daria Saharova highlighting the importance of resilient and sustainable semiconductor supply chains for Europe, according to the release. Space Forge has also established partnerships with Sierra Space and Northrop Grumman Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOC#NYSE">NOC</a>) to support its commercialization efforts.
Space Forge plans to move from experimental research toward operational capability by 2026, with ForgeStar-1's launch expected later this year and ForgeStar-2 already in development.
Read Next: Can you guess how many retire with a $5,000,000 nest egg? <a href="https://www.benzinga.com/money/5mil-nest-egg-adv">The percentage may shock you</a>.
Image: Shutterstock

'Microgravity Gives Us Perfect Crystals Every Time': Space Forge Raises $30M for Orbital Semiconductor Production

PVH Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PVH#NYSE">PVH</a>) shares are trading lower after the company lowered its full-year earnings outlook and issued weaker-than-expected <a href="https://www.benzinga.com/pressreleases/25/06/b45780647/pvh-corp-reports-2025-first-quarter-revenue-above-guidance-and-updates-full-year-outlook">second-quarter guidance</a>.
What To Know: The apparel giant, which owns Calvin Klein and Tommy Hilfiger, reported first-quarter adjusted earnings of $2.30 per share, slightly above the $2.25 consensus estimate. Revenue came in at $1.98 billion, ahead of the expected $1.93 billion. Tommy Hilfiger sales rose 3% year-over-year, while Calvin Klein revenue was flat. Gross margin fell to 58.6% from 61.4% a year ago and inventory climbed 19% year-over-year.
The bigger concern for investors was the company's guidance. PVH now expects second-quarter adjusted EPS between $1.85 and $2.00, well below the $2.46 estimate. The company also slashed its full-year adjusted EPS forecast to a range of $10.75 to $11.00, down from its prior range of $12.40 to $12.75 and significantly under the $12.52 consensus.
CEO Stefan Larsson acknowledged ongoing brand momentum but said PVH is still being impacted by macroeconomic uncertainty and soft consumer demand, which it hasn't yet been able to fully offset. The lowered outlook sparked a sharp selloff in the stock, as investors reacted to signs of slowing profit growth despite resilient top-line performance.
PVH Price Action: PVH shares were down 18.2% at $66.11 at the time of writing, according to <a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent072624&amp;t=be2bearmibe3na1">Benzinga Pro.</a>
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/commodities/25/06/45792880/silver-hits-12-year-high-peter-schiff-says-rallys-just-starting">Silver Hits 12-Year High: Peter Schiff Says Rally&#8217;s Just Starting </a></li>
</ul>
Image Via Shutterstock.

Movers

PVH Stock Plunges After Cutting Full-Year Guidance Despite Q1 Beat

Starbucks's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NYSE">SBUX</a>) short percent of float has risen 31.29% since its last report. The company recently reported that it has 43.81 million shares sold short, which is 3.86% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.58 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">List of the most shorted stocks</a>
<h3>Starbucks Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1749142841_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Starbucks has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Starbucks's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>, Starbucks's peer group average for short interest as a percentage of float is 8.97%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

SBUX

Peering Into Starbucks's Recent Short Interest

UnitedHealth Group's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNH#NYSE">UNH</a>) short percent of float has risen 25.51% since its last report. The company recently reported that it has 11.11 million shares sold short, which is 1.23% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.0 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">List of the most shorted stocks</a>
<h3>UnitedHealth Group Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1749142836_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for UnitedHealth Group has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing UnitedHealth Group's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>, UnitedHealth Group's peer group average for short interest as a percentage of float is 4.91%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Is the Market Bullish or Bearish on UnitedHealth Group?

In the current session, the stock is trading at $213.60, after a 0.04% increase. Over the past month, Credicorp Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAP#NYSE">BAP</a>) stock increased by 4.54%, and in the past year, by 33.02%. With performance like this, long-term shareholders are optimistic but others are more likely to look into the price-to-earnings ratio to see if the stock might be overvalued.

<img src="https://www.benzinga.com/files/images/story/2025/1749142834_0.png" alt="Past Year Chart" />

<h3>A Look at Credicorp P/E Relative to Its Competitors</h3>
The P/E ratio measures the current share price to the company's EPS. It is used by long-term investors to analyze the company's current performance against it's past earnings, historical data and aggregate market data for the industry or the indices, such as S&amp;P 500. A higher P/E indicates that investors expect the company to perform better in the future, and the stock is probably overvalued, but not necessarily. It also could indicate that investors are willing to pay a higher share price currently, because they expect the company to perform better in the upcoming quarters. This leads investors to also remain optimistic about rising dividends in the future. 
Compared to the aggregate P/E ratio of the 11.13 in the Banks industry, Credicorp Inc. has a lower P/E ratio of 10.86. Shareholders might be inclined to think that the stock might perform worse than it's industry peers. It's also possible that the stock is undervalued. 

<img src="https://www.benzinga.com/files/images/story/2025/1749142834_1.png" alt="Guage" />

In conclusion, the price-to-earnings ratio is a useful metric for analyzing a company's market performance, but it has its limitations. While a lower P/E can indicate that a company is undervalued, it can also suggest that shareholders do not expect future growth. Additionally, the P/E ratio should not be used in isolation, as other factors such as industry trends and business cycles can also impact a company's stock price. Therefore, investors should use the P/E ratio in conjunction with other financial metrics and qualitative analysis to make informed investment decisions.

Intraday Update

Markets

P/E Ratio Insights for Credicorp

Telefonaktiebolaget L M's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ERIC#NYSE">ERIC</a>) short percent of float has risen 10.16% since its last report. The company recently reported that it has 43.22 million shares sold short, which is 1.41% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.68 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">List of the most shorted stocks</a>
<h3>Telefonaktiebolaget L M Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1749142831_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Telefonaktiebolaget L M has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Telefonaktiebolaget L M's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>, Telefonaktiebolaget L M's peer group average for short interest as a percentage of float is 6.91%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

ERIC

What's Driving the Market Sentiment Around Telefonaktiebolaget L M?

The Trade Desk Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTD#NASDAQ">TTD</a>) shares are trading lower Thursday after an Adweek report revealed major advertisers are pulling ad dollars from its platform and <a href="https://www.benzinga.com/markets/large-cap/25/06/45719208/cramer-shouldve-told-investors-to-pull-the-trigger-on-trade-desk-cant-believe-how-low-gentex-has-fallen">moving them to Amazon's</a>.
What To Know: According <a href="https://www.adweek.com/media/marketers-move-millions-ad-spend-the-trade-desk-to-amazons-ad-platform/">to the report</a>, the shift is especially visible in connected TV (CTV) ad budgets.
One global auto brand moved $80 million in annual ad spend from The Trade Desk to Amazon by the end of the first quarter. A large tech company also redirected $5 million for a campaign. Ad agency PMG said 80% of its clients have already shifted tens of millions from The Trade Desk to Amazon, while another agency said 30% of its clients dropped The Trade Desk entirely over the last six months.
Advertisers say Amazon offers better pricing, more flexible deals, exclusive access to live sports like Thursday Night Football and stronger control over where ads appear. Amazon's DSP fees can be as low as 1%, far below the 7%–15% typical with other platforms, including The Trade Desk.
The Trade Desk has faced complaints about rigid spending commitments and platform fees even when minimums aren't met. Some buyers say Amazon is actively targeting The Trade Desk's clients and that strategy is working.
Even though The Trade Desk reported 25% revenue growth in the first-quarter, Amazon is gaining ground fast, posting $13.9 billion in ad revenue for the quarter, up 18% year-over-year. 
Price Action: The Trade Desk shares were down 4.17% at $72.89 at the time of writing, according to <a href="https://pro.benzinga.com/dashboard?new_user=False&amp;backend=google-oauth2">Benzinga Pro.</a>
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/commodities/25/06/45792880/silver-hits-12-year-high-peter-schiff-says-rallys-just-starting">Silver Hits 12-Year High: Peter Schiff Says Rally&#8217;s Just Starting </a></li>
</ul>
Image Via Shutterstock.

AMZN

The Trade Desk Stock Drops As Advertisers Shift To Amazon

JPMorgan analyst Christopher Horvers reiterated an Overweight rating on Costco Wholesale Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COST#NASDAQ">COST</a>) after the company <a href="https://www.benzinga.com/pressreleases/25/06/g45780640/costco-wholesale-corporation-reports-may-sales-results" target="_blank" rel="noreferrer noopener">reported May sales results on Wednesday</a>.
The company reported net sales of $20.97 billion for the four weeks ended June 1, 2025, up 6.8% year-over-year.
Comparable sales, excluding the impacts from changes in gasoline prices and foreign exchange, grew 6%, with growth of 5.5% in the U.S. and 6.3% in Canada.
The analyst writes that comparable sales in the U.S. missed both Street&#8217;s +6.4% (consensus metrix) and JP Morgan&#8217;s estimate of +7.0%, representing <a href="https://www.benzinga.com/quote/COST/analyst-ratings" target="_blank" rel="noreferrer noopener">a rare miss for the company</a>.
Horvers says he observed an unusually high volume of inquiries regarding comp expectations leading into this report, which often signals an anticipated miss.
Several retailers have also indicated May was slower than March and April, attributing it to weather headwinds, adds the analyst.
The analyst noted Costco typically disregards the weather&#8217;s impact on business unless an extreme event occurs.
However, Horvers believes unfavorable weather did affect May&#8217;s performance, given the widespread cold and rain, particularly over the crucial Memorial Day weekend.
Besides, the Northeast, which experienced tougher year-over-year weather during recent weekends, dropped from Costco&#8217;s list of top-performing regions, adds the analyst.
The analyst also says Costco observed that the tariff-induced pull-forward impact reached its peak in April, primarily affecting major appliances but also prompting some related buying in paper goods, reminiscent of last year&#8217;s port strike threats and the lingering memory of COVID-era out-of-stocks.
Also, Horvers writes the &#8220;gold lap&#8221; effect is steepening through August, though its overall impact remains immaterial.
While the direct influence on core comparable sales is well under one point for the U.S. core comp (Costco previously implied about 20 basis points in the first quarter of FY24 before the peak), the comparative impact intensifies through August, adds the analyst.
Furthermore, new warehouse cannibalization is expected to remain around the 70-basis-point level for some time, given the increased number of infill openings in the past year, says the analyst.
COST Price Action: Costco shares are down 3.31% at $1,016.84 at publication on Thursday.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/large-cap/25/06/45748544/walmart-leverages-automation-and-ai-to-cut-costs-and-grow-paving-the-way-for-other-retailers-report" target="_blank" rel="noreferrer noopener">Walmart Leverages Automation And AI To Cut Costs And Grow, Paving The Way For Other Retailers: Report</a></li>
</ul>
Photo: Bluestork via Shutterstock

Equities

Large Cap

COST

Tariff Peak, 'Gold Lap Effect' Weigh On Costco's May Sales, Says JPMorgan

Eyenovia Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EYEN#NASDAQ">EYEN</a>) shares surged 40.4% to $2.92 during Thursday&#8217;s trading session. The move higher followed its disclosure of a third amendment to its loan and security agreement, detailed in a Thursday <a href="https://ir.eyenovia.com/static-files/6f69581f-7b8b-4957-86e2-9296123fb275">SEC filing</a>.
What To Know: The amendment, effective May 30, modifies an existing agreement with lenders including Avenue Capital Management II, L.P., Avenue Venture Opportunities Fund, L.P. and Avenue Venture Opportunities Fund II, L.P. 
The <a href="https://ir.eyenovia.com/static-files/6f69581f-7b8b-4957-86e2-9296123fb275">original loan</a> (up to $15.0 million) included an option for lenders to convert up to $10.0 million of principal into Eyenovia common stock at $1.68 per share.
The Third Amendment introduces a beneficial ownership limitation, preventing a lender from exercising the Conversion Option if they and affiliates would then beneficially own over 9.99% of Eyenovia&#8217;s outstanding common stock. 
However, lenders may request to increase this cap up to 19.99%, with any such increase becoming effective 61 days after notifying the company.
Read Also: <a href="https://www.benzinga.com/trading-ideas/movers/25/06/45795638/tesla-stock-slumps-amid-political-turmoil-whats-going-on">Tesla Stock Slumps Amid Political Turmoil: What&#8217;s Going On?</a>
<h2 class="wp-block-heading">How To Buy EYEN Stock</h2>
Besides going to a brokerage platform to purchase a share &#8211; or fractional share &#8211; of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument. 
For example, in Eyenovia&#8217;s case, it is in the Health Care sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.
According to data from&nbsp;<a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>, EYEN has a 52-week high of $124.80 and a 52-week low of $0.85.

EYEN

Eyenovia (EYEN) Stock Explodes Following Amended Loan Agreement Terms: What's Going On?

Shares of Planet Labs PBC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PL#NYSE">PL</a>) soared 49.9% to $5.97 Thursday morning after the Earth imaging company <a href="https://www.benzinga.com/markets/earnings/25/06/45781511/planet-labs-stock-soars-after-q1-revenue-beats-estimates">reported</a> stronger-than-expected first-quarter results and raised its fiscal 2026 revenue guidance.
What To Know: The company posted first-quarter revenue of $66.3 million, beating Wall Street's $62.3 million estimate and marking a 10% year-over-year increase. 
Non-GAAP gross margin <a href="https://www.benzinga.com/pressreleases/25/06/b45780259/planet-reports-financial-results-for-first-quarter-of-fiscal-year-2026">improved</a> to 59%, and the net loss narrowed to $12.6 million from $29.3 million a year earlier. The company also achieved its first-ever quarter of positive free cash flow and recorded $1.2 million in adjusted EBITDA profit.
Read Also: <a href="https://www.benzinga.com/markets/commodities/25/06/45792880/silver-hits-12-year-high-peter-schiff-says-rallys-just-starting">Silver Hits 12-Year High: Peter Schiff Says Rally&#8217;s Just Starting</a>
Planet highlighted strong recurring revenue (97% of annual contract value) and announced multiple high-profile contracts, including an eight-figure deal with a European defense client and new partnerships with California&#8217;s Air Resource Board and the German government.
Looking ahead, Planet expects second-quarter revenue of $65–$67 million and raised its full-year guidance to $265–$280 million. 
Although below the $328.8 million consensus estimate, the forecast reflects continued growth momentum as the company expands its AI-powered analytics and satellite services. CEO Will Marshall cited strong demand for global insights and AI solutions as key drivers of growth.
What Else: Wedbush&#8217;s Dan Ives maintained an Outperform rating and increased the price target from $5 to $7. Additionally, Needham&#8217;s Ryan Koontz reiterated a Buy rating for the company, keeping the price target at $8.
Read Also: <a href="https://www.benzinga.com/markets/small-cap/25/06/45795738/blink-charging-appoints-new-cfo-to-help-steer-turnaround">Blink Charging Appoints New CFO To Help Steer Turnaround</a>
<h2 class="wp-block-heading">How To Buy PL Stock</h2>
Besides going to a brokerage platform to purchase a share &#8211; or fractional share &#8211; of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument. 
For example, in Planet Labs&#8217; case, it is in the Industrials sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.
According to data from&nbsp;<a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>, PL has a 52-week high of $6.71 and a 52-week low of $1.73.
Image: Shutterstock

Planet Labs (PL) Shares Surge Over 50% Following Q1 Beat: What's Going On?

<a href="https://x.com/elonmusk/status/1930667528696828120?s=46&amp;t=dtUiyC3dUs5yGRgT9qYHWg">https://x.com/elonmusk/status/1930667528696828120?s=46&amp;t=dtUiyC3dUs5yGRgT9qYHWg</a>

TSLA

Elon Musk Posts On X "Without me, Trump would have lost the election, Dems would control the House and the Republicans would be 51-49 in the Senate."

All three major U.S. indices were in the green in Thursday&#8217;s midday trading, reversing earlier losses after President Donald Trump said that he held a &#8220;very good phone call&#8221; with China&#8217;s President Xi Jinping and more trade talks with Beijing <a href="https://www.benzinga.com/markets/equities/25/06/45787817/us-stocks-likely-to-open-on-a-mixed-note-after-dow-snaps-four-day-run-powell-and-the-fed-are-doing-the-right-thing-holding-rates-says-expert">will take place &#8220;shortly.&#8221;</a>
The S&amp;P 500 rose 0.42%, while the Nasdaq Composite gained about 0.7% and the Dow Jones Industrial Average was up 0.27%. 
The job market showed more signs of softening with initial jobless claims in the U.S. rising to 247,000, up from the previous week's revised figure of 239,000 and defying expectations for a decline, according to Trading Economics. On Wednesday, a disappointing private sector payrolls report showed only 37,000 jobs were added in May, well below forecasts.
Read Next:<a href="https://www.benzinga.com/markets/tech/25/06/45774499/elon-musks-optimus-could-herald-the-biggest-industry-in-history-billionaire-investor-marc-andreessen-says?utm_source=articleShare"> Elon Musk&#8217;s Optimus Could Herald The Biggest Industry In History, Billionaire Investor Marc Andreessen Says</a>
The softer-than-expected labor reports have heightened anticipation for Friday's non-farm payrolls release. Economists expect a gain of 125,000 jobs for May, which would be 52,000 fewer than the previous month.
In commodities, silver futures surged 4% to trade above $36 <a href="https://www.benzinga.com/markets/commodities/25/06/45792880/silver-hits-12-year-high-peter-schiff-says-rallys-just-starting">per troy ounce </a>as weak economic data and a dovish Federal Reserve outlook fueled safe-haven demand ahead of Friday's non-farm payrolls report. Silver has since retreated to $35.33, but remains up by more than 20% year-to-date. 
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) pulled back to $104,491 midday after nearly touching $106,000 earlier in the session. 
According to Benzinga Pro data:
<ul class="wp-block-list">
<li>The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) was up 0.29% to $597.60.&nbsp;</li>
<li>The SPDR Dow Jones Industrial Average (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) rose 0.28% at $426.06.&nbsp;</li>
<li>The tech-heavy Invesco QQQ Trust Series (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) rose 0.47% to $531.24.&nbsp;</li>
<li>The iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) climbed 0.61% to $209.72. </li>
<li>The Consumer Discretionary Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLY#NYSE">XLY</a>) dipped 0.34% to $214.05.&nbsp;</li>
<li>The Energy Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>) rose 0.33% to $82.23.&nbsp;</li>
</ul>
Thursday's Stock Movers:&nbsp;
Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) shares <a href="https://www.benzinga.com/trading-ideas/movers/25/06/45795638/tesla-stock-slumps-amid-political-turmoil-whats-going-on">sank on Thursday </a>as political tensions and ongoing concerns about international sales performance weighed on the stock. CEO&nbsp;Elon Musk&#8217;s&nbsp;public feud with President&nbsp;Trump&nbsp;<a href="https://www.benzinga.com/markets/equities/25/06/45789663/tesla-stock-tumbles-nearly-3-in-pre-market-as-elon-musk-continues-intense-attack-on-trumps-big-beautiful-bill">intensified</a>, with Musk urging Americans to oppose Trump&#8217;s latest bill and calling it a threat to the U.S. economy.
Stocks reacting to company earnings reports included:&nbsp;
<ul class="wp-block-list">
<li>Hello Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MOMO#NASDAQ">MOMO</a>) </li>
<li>ChargePoint Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHPT#NYSE">CHPT</a>) </li>
<li>PVH, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PVH#NYSE">PVH</a>) </li>
<li>Bark, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BARK#NYSE">BARK</a>) </li>
<li>Planet Labs, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PL#NYSE">PL</a>)</li>
<li>MongoDB, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDB#NASDAQ">MDB</a>) </li>
<li>Five Below, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FIVE#NASDAQ">FIVE</a>)</li>
</ul>
Companies reporting after Thursday's closing bell include:&nbsp;
<ul class="wp-block-list">
<li>Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>)</li>
<li>Lululemon Athletica Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LULU#NASDAQ">LULU</a>)</li>
<li>Samsara Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IOT#NYSE">IOT</a>)</li>
<li>Rubrik, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBRK#NYSE">RBRK</a>)</li>
<li>DocuSign, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DOCU#NASDAQ">DOCU</a>)</li>
<li>Braze, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BRZE#NASDAQ">BRZE</a>)</li>
<li>Petco Health and Wellness Company, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WOOF#NASDAQ">WOOF</a>)</li>
<li>Rent the Runway, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RENT#NASDAQ">RENT</a>)</li>
</ul>
Read Next:&nbsp;
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/news/politics/25/06/45795080/whatever-you-think-of-elon-musk-you-must-support-his-fight-against-the-big-beautiful-bill-says-black-swan-author-nassim-taleb?utm_source=articleShare">&#8216;Whatever You Think Of Elon Musk, You Must Support His Fight Against The Big Beautiful Bill,&#8217; Says &#8216;Black Swan&#8217; Author Nassim Taleb</a></li>
</ul>
Image: Shutterstock

Earnings

Sector ETFs

Broad U.S. Equity ETFs

Commodities

Econ #s

Economics

Tech

ETFs

AVGO

BARK

BRZE

CHPT

SPDR Dow Jones Industrial Average ETF Trust

DOCU

FIVE

LULU

MOMO

RBRK

RENT

WOOF

Select Sector SPDR-Consumer Discretionary

Trump Announces China Trade Talks, Tesla Stock Slumps: What's Driving Markets Thursday?

Mullen Automotive Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MULN#NASDAQ">MULN</a>) shares are trading lower Thursday after rallying nearly 200% on Wednesday. Here&#8217;s a look at <a href="https://www.benzinga.com/pressreleases/25/06/n45791646/bollinger-motors-emerges-from-receivership-as-parent-company-mullen-automotive-settles-claim">what&#8217;s going on</a>.
What To Know: Mullen Automotive has settled claims in a lawsuit filed by Bollinger Motors founder Robert Bollinger. In connection with the settlement, Bollinger Motors has emerged from receivership and Mullen Automotive has increased its ownership stake in the company to&nbsp;95%.
Mullen chairman and CEO David Michery has been named CEO and chairman of Bollinger Motors.
&#8220;Vehicle sales and customer service remained the top priority for Bollinger Motors throughout the receivership process, and I commend the team for continuing to gain momentum, even during this distraction,&#8221; Michery said.&nbsp;
&#8220;We look forward to putting this chapter in the rearview mirror and continuing to help customers find more sustainable transportation options. We are focused on the shared vision of both Mullen Automotive and Bollinger Motors to help electrify fleets with world-class vehicles and industry-leading customer and dealership support.&#8221;
The Bollinger B4 Chassis Cab is available for&nbsp;order&nbsp;and through the company&#8217;s national dealer network. Bollinger Motors is also continuing to develop its Bollinger B5 all-electric Class 5 commercial truck, which is expected to launch in 2026.
Mullen also announced on Thursday that its commercial EVs are now eligible for incentives through the&nbsp;ComEd Business &amp; Public Sector EV rebate program in Illinois.
The Mullen ONE Class 1 EV cargo van qualifies for an incentive of up to&nbsp;$7,500&nbsp;through the ComEd program. ComEd also offers up to&nbsp;$30,000&nbsp;in incentives on Medium-Duty EVs. Mullen&#8217;s commercial lineup includes the Mullen ONE, Class 1 EV cargo van, and the Class 3 EV cab chassis truck Mullen THREE.
Mullen on Tuesday announced plans to relaunch its Mullen FIVE RS EV Crossover, with sales set to begin in&nbsp;<a href="https://www.benzinga.com/pressreleases/25/06/g45745786/mullen-announces-five-rs-launch-and-vehicle-sales-in-germany-in-december-2025" target="_blank" rel="noreferrer noopener">Germany in December 2025</a>. The company also announced a partnership with German engineering and manufacturing firm&nbsp;Faissner Petermeier Fahrzeugtechnik AG.
The pullback in Mullen shares on Thursday comes after the stock closed Tuesday up 198.7% after the company announced it entered into <a href="https://www.benzinga.com/trading-ideas/movers/25/06/45780600/mullen-stock-is-soaring-higher-wednesday-whats-going-on">securities purchase agreements</a> following its 1-for-100 reverse stock split.
MULN Price Action: <a href="http://benzinga.com/quote/muln">Mullen shares</a> were down 30.8% at $11.15 at the time of publication Thursday, according to <a href="http://pro.benzinga.com/" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>. 
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/commodities/25/06/45792880/silver-hits-12-year-high-peter-schiff-says-rallys-just-starting">Silver Hits 12-Year High: Peter Schiff Says Rally&#8217;s Just Starting</a></li>
</ul>
Photo: courtesy of Mullen Automotive.

MULN

What's Going On With Mullen Automotive Stock?

<a href="https://www.semafor.com/article/06/05/2025/destroy-the-ring-trumps-palantir-deal-alarms-hill-republicans" title="https://www.semafor.com/article/06/05/2025/destroy-the-ring-trumps-palantir-deal-alarms-hill-republicans">https://www.semafor.com/article/06/05/2025/destroy-the-ring-trumps-palantir-deal-alarms-hill-republicans</a>

PLTR

"'Destroy the Ring': Trump's Palantir deal alarms Hill Republicans" - Semafor

<a href="https://news.sky.com/story/russian-ambassador-partly-blames-uk-for-ukrainian-drone-attack-13379594">https://news.sky.com/story/russian-ambassador-partly-blames-uk-for-ukrainian-drone-attack-13379594</a>

Comments

Braze

Notizie

PARTENAIRE / CONTRIBUTEUR

BENZINGA MONDIAL