Dernières nouvelles pour Lifecore Biomedical (NASDAQ:LFCR) Stock

Lifecore Biomedical

Lifecore Biomedical Inc is a fully integrated contract development and manufacturing organization (CDMO) that offers differentiated capabilities in the development, filling, and finishing of complex sterile injectable pharmaceutical products in syringes and vials. It manufactures injectable-grade Hyaluronic Acid. Lifecore recognizes revenue in two different product categories, CDMO and fermentation.

Lifecore Biomedical Inc

Pseudonymous technical analyst DonAlt highlighted the tension between bullish high timeframe charts and bearish low timeframe action for Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) as the apex crypto rebounded <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41172667/bitcoin-ethereum-dogecoin-drop-again-continue-defying-uptober-sentiments-watch-this-key-le">back above $61,500</a>.
What Happened: In the latest podcast <a href="https://www.youtube.com/watch?v=0wODRyjcDHc">update</a>, the analyst noted Bitcoin&#8217;s return to support on the monthly chart, which is "not the best" but not overly concerning too. He added that if there were no upward movement in the next 29 days, he'd start to worry.
The weekly timeframe is "not that bad" although the analyst acknowledged the quick retrace from the previous week&#8217;s breakout. He's watching to see if Bitcoin can hold support around current levels, warning that a close below could give bears "a bunch of credibility."
DonAlt observed that the daily timeframe has "technically turned bearish," but he tends to ignore this in the current choppy market conditions. 
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/events/digital-assets/ "><img loading="lazy" decoding="async" width="300" height="250" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/27091545/Benzinga-conference.gif" alt="Benzinga future of digital assets conference" class="wp-image-267246" /></a></figure>
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41172369/bitcoin-not-a-safe-haven-but-rising-trump-odds-could-fuel-a-rally-standard-chartered">Bitcoin &#8216;Not A Safe Haven&#8217; But Rising Trump Odds Could Fuel A Rally: Standard Chartered</a>
Why It Matters: DonAlt believes $80,000 is more likely than $40,000 for Bitcoin's next major move but cautions that even if Bitcoin reaches new highs, it could come back down.
Regarding his own positioning, DonAlt reveals he has "a little bit of a Bitcoin position" around $58,000 and some Ethereum near $2,550. He&#8217;s roughly break-even overall but says he might have to close with a small loss if the downtrend continues.
DonAlt concluded by emphasizing how difficult the current market is to trade, noting that "the only people that have been making money is just that basically doubt everything."
Price Action: Bitcoin is trading around $61,750 at the time of writing, up 2.7% over the past 24 hours.
What&#8217;s Next: The influence of&nbsp;<a href="https://www.benzinga.com/money/is-bitcoin-a-good-investment" target="_blank" rel="noreferrer noopener">Bitcoin as an institutional asset class</a>&nbsp;is expected to be thoroughly explored at Benzinga&#8217;s upcoming&nbsp;<a href="https://www.benzinga.com/events/digital-assets/agenda/" target="_blank" rel="noreferrer noopener">Future of Digital Assets</a>&nbsp;event on Nov. 19.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41166146/would-bitcoin-drop-if-a-war-in-the-middle-east-breaks-out-yes-but-theres-a-catch">Would Bitcoin Drop If A War In The Middle East Breaks Out? Yes, But There&#8217;s A Catch</a></li>
</ul>
Image: Shutterstock

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

Cryptocurrency

News

$BTC

Bitcoin Rebounds Above $61,500 And $80K Is More Likely Than $40K, Says Top Technical Analyst

WIIM

VSTS

Vestis shares are trading lower after Elis terminated its discussions with the company.

<ul>
<li>NVDA</li>
<li>WAY</li>
<li>TSLA</li>
<li>MADE</li>
<li>BABA</li>
<li>CLOV</li>
<li>RIVN</li>
<li>PLTR</li>
<li>LUNR</li>
<li>LOT</li>
</ul>
Data from <a href="https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment">https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment</a>
&nbsp;

Trading Ideas

BABA

CLOV

LUNR

MADE

NVDA

PLTR

RIVN

TSLA

Top 10 Trending Stocks On WallStreetBets As Of October 4, 2024 (Via Swaggy Stocks)

RBC Capital analyst Daniel Perlin maintains Global Payments (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPN#NYSE">GPN</a>) with a Outperform and lowers the price target from $158 to $143.

Price Target

Analyst Ratings

RBC Capital Maintains Outperform on Global Payments, Lowers Price Target to $143

Macro Economic Events

Economics

Investment Banking Company Panmure Liberum Says Hurricane Helene Estimated To Cause $4B-$9B Insured Losses; Insured Losses Would Have To Be Above $10B For Any 'Meaningful Spillover' In The Reinsurance Market

On Friday, Hyundai Motor Company (OTC:<a class="ticker" href="https://www.benzinga.com/stock/HYMTF#OTC">HYMTF</a>) and Waymo by Google parent Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) announced in a joint statement that they have entered into a multi-year strategic collaboration. The initial phase involves integrating Waymo&#8217;s sixth-generation autonomous technology, known as the &#8220;Waymo Driver,&#8221; into Hyundai&#8217;s all-electric IONIQ 5 SUV.
What Happened: The IONIQ 5 vehicles will be manufactured at Hyundai&#8217;s new EV facility in Georgia and will join the Waymo One fleet. The companies aim to produce a significant volume of these vehicles over several years to support Waymo One&#8217;s expansion. Testing of the Waymo-enabled IONIQ 5 is expected to commence by late 2025, with availability to riders following in subsequent years, according to PRNewswire.
Waymo&#8217;s co-CEO, Tekedra Mawakana, expressed enthusiasm about the partnership, highlighting Hyundai&#8217;s commitment to sustainability and electric vehicles. José Muñoz, president and global COO of Hyundai, emphasized the shared vision of enhancing safety, efficiency, and convenience in transportation. The collaboration marks the beginning of further joint efforts between the two companies.
See Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41157836/teslas-cybercabs-could-be-a-potential-ride-sharing-disruptor-says-analyst-heres-wha?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Tesla&#8217;s &#8216;Cybercabs&#8217; Could Be A Potential Ride-Sharing Disruptor, Says Analyst: Here&#8217;s What Investors Can</a>
Chang Song, President of Hyundai&#8217;s Advanced Vehicle Platform Division, noted that the partnership aligns with Hyundai&#8217;s autonomous vehicle foundry initiative, which aims to support global autonomous driving companies with advanced vehicles.
The announcement comes ahead of Tesla&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41181089/tesla-robotaxi-event-might-have-3-product-announcements-but-will-likely-be-light-on"> Robotaxi event slated</a> for Oct. 10 where CEO Elon Musk is expected to reveal three vehicles.
Why It Matters: The collaboration between Hyundai and Waymo signifies a significant step in the autonomous vehicle industry. This comes at a time when Waymo&#8217;s expansion into autonomous ride-hailing services is gaining momentum. In a recent <a href="https://www.benzinga.com/markets/equities/24/09/40855784/uber-stock-spikes-as-ceo-praises-waymos-fully-autonomous-trips">partnership with Uber</a>, Waymo plans to launch autonomous ride-hailing services in Austin and Atlanta by early 2025. This collaboration will involve Uber managing a fleet of Waymo&#8217;s fully autonomous, all-electric Jaguar I-PACE vehicles.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/24/10/41113339/elon-musk-resumes-slamming-fccs-decision-to-deny-starlink-885m-subsidy-after-fema-sends-its-terminal?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Resumes Slamming FCC&#8217;s Decision To Deny Starlink $885M Subsidy After FEMA Sends Its Terminals To Help Hurricane Helene Victims</a></li>
</ul>
Image via press release
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Pooja-Rajkumari" target="_blank" rel="noreferrer noopener">Pooja Rajkumari</a>

Tech

General

GOOG

GOOGL

HYMTF

Ahead Of Tesla Robotaxi Event, Alphabet's Waymo Partners With Hyundai For Autonomous Taxi Expansion

Medtronic plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MDT#NYSE">MDT</a>) initiated a recall Friday to address potential battery life issues with <a href="https://www.benzinga.com/pressreleases/24/10/n41181874/voluntary-recall-notifying-medtronic-insulin-pump-users-of-potential-risks-of-shortened-pump-batte" target="_blank" rel="noreferrer noopener">its insulin pumps</a>.
As of July 31, the company has advised customers to pay close attention to their pumps&#8217; battery alerts and alarms.
The action follows reports of shortened battery life, which Medtronic linked to pumps that had been dropped or impacted.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/equities/24/09/40737587/medtronic-recalls-some-video-laryngoscopes-due-to-increased-risk-for-battery-overheat-explosion" rel="noreferrer noopener">Medtronic Recalls Some Video Laryngoscopes Due To Increased Risk For Battery Overheat, Explosion</a>.
This damage to internal electrical components may result in the pump stopping insulin delivery earlier than expected, posing risks such as hyperglycemia (high blood sugar) or diabetic ketoacidosis (DKA).
DKA is a complication of diabetes that occurs when the body doesn&#8217;t have enough insulin to use blood sugar for energy.
Medtronic&#8217;s investigation revealed that even a single drop could significantly reduce battery life, either immediately or over time.
This issue persists within the MiniMed 600 and 700 pumps even after the battery is replaced.
Additionally, battery alerts and alarms may not provide the usual warning before the pump stops insulin delivery, increasing the need for users to replace the battery as soon as the &#8220;Low Battery Pump&#8221; alarm is triggered.
Medtronic strongly advises users to carry extra AA lithium, alkaline, or fully charged NiMH batteries as a precaution.
The issue is serious, as Medtronic has received 170 reports of hyperglycemia exceeding 400 mg/dL and 11 reports of DKA in the U.S. between January 2023 and September 2024, possibly related to this problem.
The FDA has classified the action as a class I recall. That&#8217;s the most serious type of recall due to potential adverse health consequences.
Medtronic users who experience shortened battery life should contact their local support team to assess whether a replacement pump is needed.
In 2021, Medtronic expanded the Class I recall of its MiniMed 600 series insulin pumps. The company offered to replace all of them with a <a href="https://www.benzinga.com/news/21/10/23266202/medtronic-expands-recall-of-minimed-600-series-insulin-pumps" target="_blank" rel="noreferrer noopener">clear retainer ring</a>.
Price Action: MDT stock closed at $87.72 on Friday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/24/10/41183612/nvidias-top-brass-unloaded-significant-stock-in-2024-amid-ai-spending-and-chip-delays" target="_blank" rel="noreferrer noopener">Nvidia&#8217;s Top Brass Unloaded Significant Stock In 2024 Amid AI Spending and Chip Delays</a>.</li>
</ul>
Image: Wikimedia Commons

Large Cap

Health Care

Medtronic Recalls MiniMed Pump Due To Battery Life Concerns

ULCC

Frontier Group Holdings shares are trading higher following a report suggesting Spirit Airlines is considering filing for bankruptcy. The company, a budget airline, may see a rise in passengers due to a drop in competition.

RBC Capital analyst Ashish Sabadra reiterates Intercontinental Exchange (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ICE#NYSE">ICE</a>) with a Outperform and maintains $200 price target.

Reiteration

RBC Capital Reiterates Outperform on Intercontinental Exchange, Maintains $200 Price Target

<a href="https://ai.meta.com/blog/movie-gen-media-foundation-models-generative-ai-video/">https://ai.meta.com/blog/movie-gen-media-foundation-models-generative-ai-video/</a>
&nbsp;
Whether a person is an aspiring filmmaker hoping to make it in Hollywood or a creator who enjoys making videos for their audience, we believe everyone should have access to tools that help enhance their creativity. Today, we're excited to premiere Meta Movie Gen, our breakthrough generative AI research for media, which includes modalities like image, video, and audio. Our latest research demonstrates how you can use simple text inputs to produce custom videos and sounds, edit existing videos, and transform your personal image into a unique video. Movie Gen outperforms similar models in the industry across these tasks when evaluated by humans.
This work is part of our long and proven track record of sharing fundamental AI research with the community. Our first wave of generative AI work started with the <a href="https://ai.meta.com/blog/greater-creative-control-for-ai-image-generation/">Make-A-Scene</a> series of models that enabled the creation of <a href="https://ai.meta.com/research/publications/make-a-scene-scene-based-text-to-image-generation-with-human-priors/">image</a>, <a href="https://audiobox.metademolab.com/">audio</a>, <a href="https://makeavideo.studio/">video</a>, and <a href="https://ai.meta.com/research/publications/meta-3d-gen/">3D animation.</a> With the advent of diffusion models, we had a second wave of work with <a href="https://ai.meta.com/research/publications/emu-enhancing-image-generation-models-using-photogenic-needles-in-a-haystack/">Llama Image</a> foundation models, which enabled higher quality generation of <a href="https://ai.meta.com/research/publications/emu-enhancing-image-generation-models-using-photogenic-needles-in-a-haystack/">images</a> and <a href="https://ai.meta.com/research/publications/factorizing-text-to-video-generation-by-explicit-image-conditioning/">video</a>, as well as <a href="https://emu-edit.metademolab.com/assets/emu_edit">image editing</a>. Movie Gen is our third wave, combining all of these modalities and enabling further fine-grained control for the people who use the models in a way that's never before been possible. Similar to previous generations, we anticipate these models enabling various new products that could accelerate creativity.
While there are many exciting use cases for these foundation models, it's important to note that generative AI isn't a replacement for the work of artists and animators. We're sharing this research because we believe in the power of this technology to help people express themselves in new ways and to provide opportunities to people who might not otherwise have them. Our hope is that perhaps one day in the future, everyone will have the opportunity to bring their artistic visions to life and create high-definition videos and audio using Movie Gen.

'How Meta Movie Gen Could Usher In A New AI-Enabled Era For Content Creators' - Meta AI

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Goldman Sachs analyst David Roman initiated coverage on Tandem Diabetes Care, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TNDM#NASDAQ">TNDM</a>) with a Neutral rating and announced a price target of $46. Tandem Diabetes Care shares fell 1.7% to close at $40.46 on Thursday. <a href="https://www.benzinga.com/quote/TNDM/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Raymond James analyst Laura Prendergast initiated coverage on Mural Oncology plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MURA#NASDAQ">MURA</a>) with a Strong Buy rating and announced a price target of $18. Mural Oncology shares gained 2.6% to close at $3.20 on Thursday. <a href="https://www.benzinga.com/quote/MURA/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Canaccord Genuity analyst George Gianarikas initiated coverage on ASP Isotopes Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASPI#NASDAQ">ASPI</a>) with a Buy rating and announced a price target of $4.5. ASP Isotopes shares gained 11.1% to close at $3.01 on Thursday. <a href="https://www.benzinga.com/quote/ASPI/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>JP Morgan analyst Michael Mueller initiated coverage on Curbline Properties Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CURB#NYSE">CURB</a>) with a Overweight rating and announced a price target of $25. Curbline Properties shares gained 4.3% to close at $22.60 on Thursday. <a href="https://www.benzinga.com/quote/CURB/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Citigroup analyst Xiaopo Wei initiated coverage on MINISO Group Holding Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MNSO#NYSE">MNSO</a>) with a Buy rating and announced a price target of $26.8. MINISO Group shares fell 0.2% to close at $18.96 on Thursday. <a href="https://www.benzinga.com/quote/MNSO/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
Considering buying MNSO stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="538" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/04091648/image-2-11-1024x538.png" alt="" class="wp-image-580735" style="width:613px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/04091648/image-2-11-1024x538.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/04091648/image-2-11-300x158.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/04091648/image-2-11-768x404.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/04091648/image-2-11.png 1278w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/earnings/24/10/41180069/dow-tumbles-nearly-200-points-amid-growing-middle-east-concerns-investor-optimism-declines-fear-ind">Dow Tumbles Nearly 200 Points Amid Growing Middle East Concerns: Investor Optimism Declines, Fear Index Remains In &#8216;Greed&#8217; Zone</a></li>
</ul>

Initiation

Pre-Market Outlook

ASPI

CURB

MNSO

MURA

TNDM

This MINISO Group Analyst Begins Coverage On A Bullish Note; Here Are Top 5 Initiations For Friday

Elis continuously considers a range of strategic opportunities. As part of its exploratory conversations around a potential entry into the US market, Elis held conversations with Vestis and UniFirst.
Both discussions have been terminated, as neither would have allowed Elis to complete a transaction that would be in line with the company's strict financial discipline.
Elis therefore remains focused on its strategy combining organic growth and value-creating acquisitions. The Group's operational know-how, its growth profile and its model based on the principles of the circular economy will enable Elis to continue to assert its leadership in all the countries in which it operates, while continuing exploring opportunities in new markets.

Termination Of Discussions With Vestis And UniFirst, Says 'Would Not Have Allowed Elis To Complete A Transaction That Would Be In Line With The Company's Strict Financial Discipline'

Vestis Shares Move Lower; Elis Announces Termination Of Discussions With Vestis And UniFirst

<a href="https://www.globenewswire.com/Tracker?data=JOSr0rL7kcJfpwXK8HvKVMOMrdsCIfPbP3P98a_Wn7l0WjDnDfpHbOBDVwJhhVa4ClIKMd9eWjsAZhbItQ0W_mrUE1VtGrZWy-Cv0hyIrBRNTgUNiHlcUC3M9R9UK6g_UTv7SivnqO59rv9pVpydWGFCdhK4hMSKU3Q6O-RGHBXjkq7bWoFP_2PP6_zepcAUBFAnS0AYmPEm6Vm06MKGij5sfc1822eHpKcZkkdaeEp7-AKCrD4g0_dm9DXaG8jKDRgWBKMLoGbFoBJYp7bK9Q==">Capricor Therapeutics</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAPR#NASDAQ">CAPR</a>), a biotechnology company developing transformative cell and exosome-based therapeutics for the treatment of rare diseases, announced today that the Company will present the three-year safety and efficacy results from its HOPE-2 open-label extension (OLE) study with lead asset deramiocel for treating Duchenne muscular dystrophy (DMD). The data will highlight the long-term, multi-modal benefits of deramiocel in a late-breaking poster presentation at the 29th&nbsp;Annual&nbsp;Congress&nbsp;of the&nbsp;World Muscle Society (WMS 2024), taking place&nbsp;October 8-12, 2024, in&nbsp;Prague, Czechia.

Biotech

CAPR

Capricor Therapeutics To Present Long-Term Data From HOPE-2 Open Label Extension Study At 2024 World Muscle Society Congress October 8-12, 2024

MACOM Technology Solns's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTSI#NYSE">MTSI</a>) short percent of float has risen 5.17% since its last report. The company recently reported that it has 3.52 million shares sold short, which is 6.31% of all regular shares that are available for trading. Based on its trading volume, it would take traders 7.59 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/">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">List of the most shorted stocks</a>
<h3>MACOM Technology Solns Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1728047725_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for MACOM Technology Solns 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 MACOM Technology Solns'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://pro.benzinga.com/">Benzinga Pro</a>, MACOM Technology Solns's peer group average for short interest as a percentage of float is 4.34%, which means the company has more 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/">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

MTSI

Looking Into MACOM Technology Solns's Recent Short Interest

Wynn Resorts's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WYNN#NYSE">WYNN</a>) short percent of float has risen 5.8% since its last report. The company recently reported that it has 5.03 million shares sold short, which is 4.56% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.8 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/">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">List of the most shorted stocks</a>
<h3>Wynn Resorts Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1728047720_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Wynn Resorts 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 Wynn Resorts'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://pro.benzinga.com/">Benzinga Pro</a>, Wynn Resorts's peer group average for short interest as a percentage of float is 4.80%, 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/">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.

WYNN

How Is The Market Feeling About Wynn Resorts?

American Electric Power's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AEP#NYSE">AEP</a>) short percent of float has risen 10.2% since its last report. The company recently reported that it has 8.62 million shares sold short, which is 1.62% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.2 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/">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">List of the most shorted stocks</a>
<h3>American Electric Power Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1728047715_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for American Electric Power 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 American Electric Power'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://pro.benzinga.com/">Benzinga Pro</a>, American Electric Power's peer group average for short interest as a percentage of float is 2.21%, 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/">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.

How Is The Market Feeling About American Electric Power?

As 2024 progresses, it's important to be aware of several <a href="https://www.benzinga.com/personal-finance/24/09/40762372/suze-ormans-master-class-on-navigating-inherited-pretax-retirement-accounts-what-you-must-know">required minimum distribution</a> (RMD) rule updates, particularly if you are nearing retirement. Whether navigating the new RMD age limit or looking at your charitable giving strategies, these changes can impact your retirement income, taxes and even Medicare costs.&nbsp;
Don't Miss:
<ul>
<li><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.</li>
<li>Can you guess how many retire with a $5,000,000 nest egg? &#8211;<a href="https://www.benzinga.com/money/retire-5mil-nest-egg"> How does it compare to the average?</a></li>
</ul>
<h2 class="wp-block-heading">RMDs Now Begin at Age 73</h2>
One of the biggest changes from the <a href="https://www.benzinga.com/personal-finance/24/07/39874181/irs-finalizes-10-year-rule-for-retirement-withdrawals-making-things-even-more-insanely-complicat">SECURE 2.0 Act</a> was raising the starting age for RMDs. Previously, retirees had to start taking distributions from their traditional IRAs and 401(k) accounts at age 72. Starting in 2024, the RMD age moved up to 73, giving account holders another year to keep their money growing tax-deferred.&nbsp;
If you were born between 1951 and 1959, you must begin your RMDs at 73. However, those born in 1960 or later can delay RMDs until 75, as the SECURE 2.0 Act pushed the RMD age to 75 in 2033.&nbsp;
See Also: <a href="https://www.benzinga.com/money/irs-finalizes-10-year-rule-adv">IRS Finalizes 10-Year Rule For Retirement Withdrawals, Making Things &#8216;Even More Insanely Complicated&#8217;</a>
<h2 class="wp-block-heading">Higher Medicare Premiums?</h2>
One hidden cost of RMDs is the potential increase in your <a href="https://www.benzinga.com/general/biotech/24/08/40397706/biden-administration-targets-6b-savings-through-medicare-drug-price-negotiations">Medicare</a> premiums. When you start taking RMDs, your taxable income rises, which could push you into a higher income bracket. Your Medicare Part B and D premiums could increase if your income exceeds certain thresholds.&nbsp;
<h2 class="wp-block-heading">Watch Out for Penalties</h2>
Missing an RMD can result in significant penalties. Previously, the penalty for not taking your full RMD was 50% of the amount not withdrawn. However, thanks to the SECURE 2.0 Act, the penalty has been reduced to 25%. Correcting the mistake within two years will drop the penalty to 10%. Even that is a costly error, so it's wise to stay on top of your RMD deadlines.&nbsp;
You can set up automatic withdrawals to avoid missing an RMD or mark your calendar ahead of time to ensure you don't miss it.
Trending: Founder of Personal Capital and ex-CEO of PayPal<a href="https://www.benzinga.com/money/evergreen-money"> re-engineers traditional banking with this new high-yield account — start saving better today.</a>
<h2 class="wp-block-heading">Charitable Giving Opportunities</h2>
<a href="https://www.benzinga.com/personal-finance/24/07/39605197/can-you-guess-how-much-billionaires-contribute-to-charitable-causes-its-less-than-you-think">Charitable giving</a> could be a smart option if you want to minimize taxes while fulfilling your RMD obligations. In 2024, you can make a Qualified Charitable Distribution (QCD) of up to $105,000 from your IRA if you're over 70 ½. If donated to a qualified charity, this amount counts toward your RMD and is not taxed as income.&nbsp;
Additionally, retirees can donate up to $53,000 to eligible charities through charitable remainder trusts or gift annuities. This can be a great way to meet RMD requirements while supporting a cause you care about.&nbsp;
Trending: A billion-dollar investment strategy with minimums as low as $10 —<a href="https://www.benzinga.com/money/fundrise-flagship-fund"> you can become part of the next big real estate boom today.</a>
<h2 class="wp-block-heading">Roth 401(k) RMD Relief</h2>
Another notable change for 2024 is that Roth 401(k)s will no longer be subject to RMDs. Previously, account holders had to roll their Roth 401(k) into a Roth IRA to avoid taking distributions. Now, Roth 401(k) and Roth IRA holders can skip RMDs and allow their investments to grow tax-free throughout retirement.&nbsp;
The 2024 RMD rule changes offer new opportunities to manage retirement income, minimize taxes and plan for charitable giving. Consider talking with a trusted <a href="https://www.benzinga.com/money/best-online-financial-advisors">financial advisor</a> to navigate these updates and maximize your retirement strategy.&nbsp;
Read Next:
<ul>
<li>Beating the market through ethical real estate investing' — t<a href="https://www.benzinga.com/money/invest-with-roots">his platform aims to give tenants equity in the homes they live in while scoring 17.17% average annual returns for investors – here&#8217;s how to join with just $100</a></li>
<li>Founder of Personal Capital and ex-CEO of PayPal<a href="https://www.benzinga.com/money/evergreen-money"> re-engineers traditional banking with this new high-yield account — start saving better today.</a></li>
</ul>

Personal Finance

2024 RMD Rule Updates: How They Affect Your Retirement Income And Charitable Giving

RBC Capital analyst Daniel Perlin reiterates Affirm Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AFRM#NASDAQ">AFRM</a>) with a Sector Perform and maintains $46 price target.

AFRM

RBC Capital Reiterates Sector Perform on Affirm Holdings, Maintains $46 Price Target

The <a href="https://www.benzinga.com/general/politics/24/10/41176806/harris-vs-trump-vice-president-leads-2024-election-poll-young-voters-help-but-voter-issues-could">2024 presidential race is tilting in favor of the Democrats</a> and veteran pollster Nate Silver weighed in on whether Vice President and Democratic candidate Kamala Harris should invest in the predominantly Republican state of Florida.
Cloudy Outlook In Sunshine State? Florida, which was once a &#8220;quintessential swing state&#8221; isn&#8217;t one now and Trump emerged victorious in the state in 2016 and doubled his margin of victory in 2020, <a href="https://www.natesilver.net/p/should-kamala-harris-gamble-on-a">said</a> Eli McKown-Dawson, an election analyst at Silver Bulletin, Silver&#8217;s forecast model,<a href="https://www.natesilver.net/p/should-kamala-harris-gamble-on-a"> said </a>in a post on Thursday. He noted that Republicans have supermajorities in both legislative chambers and the state hasn&#8217;t elected a Democratic senator since 2012, he said.
A conclusion that Florida&#8217;s rightward shift makes it a lost cause for Harris and there it isn&#8217;t worth an investment of her campaign's limited resources isn&#8217;t that simple, Silver, who founded polling analytics website FiveThirtyEight said. &#8220;Success is unlikely, but the payoff is high,&#8221; he said.
Harris now has a 21% chance of winning Florida's 30 electoral votes, which is a one-in-five chance, Silver said, adding that it &#8220;isn't bad, but it isn't great either.&#8221;
Harris is the definite underdog in the state, the pollster said. He, however, pointed out a few things that could make the race more interesting than Harris&#8217; 21% win probability would imply.
See Also: <a href="https://www.benzinga.com/news/24/10/41159858/trumps-niece-calls-concessions-tim-walz-made-to-his-opponent-during-tuesdays-debate-shocking-won-not">Trump&#8217;s Niece Calls Concessions Tim Walz Made to His Opponent During Tuesday&#8217;s Debate Shocking: &#8216;Won &#8211; Not On Style..But On Substance&#8217;</a>
Light At End Of Tunnel? Silver noted that the Florida polls have tightened since Harris replaced President Joe Biden on the Democratic ticket. The former president&#8217;s lead in his home state has contracted from seven points on the day the pollster launched his Harris-Trump model in late July to 3.3 points currently.
Certain recent individual polls have also brought good results for the vice president, said Silver, citing the recent Victory Insights poll in which she trailed by a mere two points and a Bullfinch Group poll, in which she was behind by only a point. These may not be high-quality polls, he said.
Silver also noted that Harris trailed by four points in a survey by Democratic-leaning Public Policy Polling. 
&#8220;At this point, a normal-sized polling error that favors Harris could result in a Democratic victory,&#8221; the pollster said.
What makes the Florida race even more interesting is the fact that it is worth 30 electoral votes, which is twice as many as Michigan and more than Pennsylvania and Wisconsin combined, Silver said.
&#8220;It's also why our model thinks Florida is the 7th-likeliest tipping point state — ahead of states like Nevada where the race is much more even but the number of electoral votes up for grabs is smaller,&#8221; he added. 
Did You Know?
<ul>
<li>Congress Is Making Huge Investments.&nbsp;<a href="https://www.benzinga.com/gov-trades" target="_blank" rel="noreferrer noopener">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
Image via Shutterstock

Politics

Media

Trump Vs. Harris: Nate Silver Says Florida Isn't A Lost Cause For Vice President Yet, Sees Path To Victory — 'Success Is Unlikely, But The Payoff Is High'

The latest announcement is out from Lifecore Biomedical (LFCR). Ryan D. Lake has been appointed as the new Chief Financial Officer and Secretary of...

Lifecore Biomedical Welcomes Ryan Lake as New CFO

Lifecore Biomedical regains Nasdaq compliance

In a report released today, Matt Hewitt from Craig-Hallum maintained a Buy rating on Lifecore Biomedical (LFCR – Research Report). The company's sh...

Craig-Hallum Sticks to Their Buy Rating for Lifecore Biomedical (LFCR)

Barrington analyst Michael Petusky maintained a Hold rating on Lifecore Biomedical (LFCR – Research Report) today. The company's shares opened toda...

Lifecore Biomedical (LFCR) Gets a Hold from Barrington

Lifecore Biomedical ( ($LFCR) ) has shared an announcement. Lifecore Biomedical, Inc. is set to undergo changes in its Board of Directors as Jeffre...

Lifecore Biomedical Board Changes Ahead of Annual Meeting

Earnings week ahead: Nike, Carnival, Constellation Brands, and more

Lifecore Biomedical (LFCR) Receives a Buy from Craig-Hallum

Today, several major companies are expected to report earnings: Apogee (APOG) and Lifecore Biomedical (LFCR). Ahead of earnings, TipRanks shows you...

Options Volatility and Implied Earnings Moves Today, October 04, 2024

Lifecore Biomedical raises $24.3M through private placement

Lifecore Biomedical ( ($LFCR) ) has shared an update. Lifecore Biomedical, Inc. successfully closed a private placement of 5,928,775 shares of comm...

Lifecore Biomedical Raises $24.3M, Expands Capacity and Clientele

AIXI

ANGO

APOG

CALM

LEVI

LFCR

MESA

MLEC

NEOV

PAYX

POCI

STBX

TRAK

UNFI

VLGEA

WKEY

Legal

Press Releases

SHAREHOLDER ALERT: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Lifecore

Penny Stocks

LFCR Investors Have Opportunity to Lead Lifecore Biomedical, Inc. Securities Fraud Lawsuit

The Law Offices of Frank R. Cruz Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Lifecore Biomedical, Inc. (LFCR)

LFCR DEADLINE TOMORROW: ROSEN, SKILLED INVESTOR COUNSEL, Encourages Lifecore Biomedical, Inc. Investors with Losses in Excess of $100K to Secure Counsel Before Important September 27 Deadline in Securities Class Action – LFCR

LFCR Investors Have Opportunity to Lead Lifecore Biomedical, Inc. Securities Fraud Lawsuit with the Schall Law Firm

LFCR INVESTOR ALERT: Bronstein, Gewirtz & Grossman LLC Announces that Lifecore Biomedical, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit

Lifecore Biomedical Selected by Lindy Biosciences to Support Process Development and Commercial Scale-Up for Innovative Microglassification Formulation Technology

Lifecore Biomedical to Report Financial Results for First Quarter of Fiscal 2025 Prior to Market Open on October 4, 2024

Financing

Lifecore Biomedical Raises $24.3 Million in Private Placement of Common Stock

Earnings

Lifecore Biomedical Reports First Quarter of Fiscal 2025 Financial Results and Provides Corporate Update

Comments

Lifecore Biomedical

Actualités

Dernières nouvelles pour Lifecore Biomedical (NASDAQ:LFCR) Stock

Les gens regardent aussi

Notizie

PARTENAIRE / CONTRIBUTEUR

BENZINGA MONDIAL