Latest news for Aker BP (OTC:AKRBY) Stock

Aker BP ASA operates oil and gas production, development, and exploration projects on the Norwegian Continental Shelf (NCS). Its projects include Alvheim field, Ivar Aasen, Skarv, Johan Sverdrup, Ula and Valhall. Revenue is derived from a short list of clients and primarily consists of liquid sales. The Alvheim field, which developed with an FPSO, contributes the most volume for the company. The group's business is entirely related to exploration for and production of petroleum on, or to the borderline of the Norwegian continental shelf.

Aker BP ASA

Under the MOR-EV program, the Mullen ONE Class 1 EV cargo van, with a suggested MSRP of $34,500, is now approved for a MA state cash rebate of up to $3,500
When combined with the available $7,500 federal tax credit, the net effective cost of the Mullen ONE would be approximately $23,500
BREA, Calif., July 17, 2024 (GLOBE NEWSWIRE) -- via IBN -- <a href="https://www.globenewswire.com/Tracker?data=Cw0QajKjRV8ukc1opMIHwNgnAMZFHJVunRcJ2PG1Bt7R2WDjNEvJTMkrMN0cDj_JwEmLGgrksj0djEz7RLSh9sNSmsdv39tLvCEX8vZjqGk=">Mullen Automotive, Inc.</a> (NASDAQ:<a href="https://www.globenewswire.com/Tracker?data=QnpJOHRiS5jAN54a_149nb8xihGUA6K_qjnlAhLvyLagub4EZIZhSTu0YPm9lUt0n-2aQ7iU2laqUw0rYhoY4LEgzByNmMKXjtt_ZRSiPxA="> MULN</a>) ("Mullen" or the "Company"), an electric vehicle ("EV") manufacturer, announces today the Massachusetts Executive Office of Energy and Environmental Affairs' Department of Energy Resources ("DOER") has approved the Company's all-electric Class 1 cargo van, the 2024 Mullen ONE, for up to $3,500 cash voucher under its MOR-EV program.

News

MULN

Mullen's Class 1 EV Cargo Van Receives Approval For The MOR-EV Program, Granting A $3,500 Rebate In Massachusetts

Wedbush analyst David Nierengarten reiterates ORIC Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ORIC#NASDAQ">ORIC</a>) with a Outperform and maintains $20 price target.

Price Target

Reiteration

Analyst Ratings

ORIC

Wedbush Reiterates Outperform on ORIC Pharmaceuticals, Maintains $20 Price Target

Macro Economic Events

Economics

Federal Reserve

Richmond Fed's Barkin Says Expectation Of A Recession As Needed To Slow Inflation Has Not Played Out; Remarkable How Strong Consumer Spending Has Remained

Susquehanna analyst Christopher Rolland maintains Qorvo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QRVO#NASDAQ">QRVO</a>) with a Neutral and raises the price target from $95 to $145.

QRVO

Susquehanna Maintains Neutral on Qorvo, Raises Price Target to $145

Econ #s

USA Manufacturing Production (MoM) For June 0.4% Vs 0.2% Est.; 1.0% Prior

USA Industrial Production (MoM) For June 0.6% Vs 0.3% Est.; 0.9% Prior

<ul>
<li>NVDA</li>
<li>ASML</li>
<li>INTC</li>
<li>WAY</li>
<li>TSM</li>
<li>QQQ</li>
<li>AAPL</li>
<li>TSLA</li>
<li>LOT</li>
<li>DJT</li>
</ul>
Data from <a href="https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment">https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment</a>
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Trading Ideas

AAPL

ASML

INTC

NVDA

TSLA

Top 10 Trending Stocks On WallStreetBets As Of July 17 2024 (Via Swaggy Stocks)

USA Capacity Utilization Rate For June 78.8% Vs 78.5% Est.; 78.3% Prior

Electric vehicle maker Tesla, Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) shares fell sharply<a href="https://www.benzinga.com/premarket"> in premarket trading</a> on Wednesday, with the downside attributable to the across-the-board negative sentiment in the market.
Cantor Fitzgerald analyst Andres Sheppard said EV market share in the U.S. edged up from 7.2% a year ago to about 8% in the second quarter, with Tesla&#8217;s market share edging down from 52.3% in the first quarter to 49.7% in the second quarter. The analyst raised his second-quarter revenue estimate for Tesla from $24.67 billion to $24.85 billion, factoring in the sales beat reported earlier this month. 
The Future Fund LLC&#8217;s Gary Black said on Tuesday that the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/07/39809916/reddit-rddt-vs-trumps-djt-how-2-high-profile-social-media-stocks-have-fared-since-m">company &#8220;still offers a good setup into 2Q earnings next week,&#8221; </a>reasoning that estimates have not gone up notably despite the second-quarter deliveries upside and that valuations, though elevated, were in line with the historical norms.
The weakness relayed by the premarket trend could be due to the aggravation of negativity toward mega-cap tech stocks amid a sector rotation out of these and into small-cap stocks that have underperformed in the current bull market. The Nasdaq futures were down 1.50% and S&amp;P 500 futures plunged about 1%. Dutch chip-equipment maker ASML Holding N.V. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASML#NASDAQ">ASML</a>) gave a light revenue forecast after reporting a second-quarter beat and Republican presidential candidate Donald Trump&#8217;s comments in a Bloomberg interview regarding his potential stance toward the China-Taiwan standoff also weighed down on tech stocks.
Tesla is scheduled to report its quarterly results after the market closes on Tuesday.
In premarket, the stock fell 2.28% to $250.72, according to <a href="https://benzinga.grsm.io/register174">Benzinga Pro data.</a>
See Also: <a href="https://www.benzinga.com/money/best-electric-vehicle-stocks">Best EV Stocks</a>
Photo: courtesy of Tesla

Equities

Markets

Movers

Tesla Stock Plummets Despite Analysts Painting A Rosy Picture: What's Going On

Wedbush analyst David Nierengarten reiterates argenx (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARGX#NASDAQ">ARGX</a>) with a Outperform and maintains $519 price target.

ARGX

Wedbush Reiterates Outperform on argenx, Maintains $519 Price Target

Susquehanna analyst Christopher Rolland maintains Qualcomm (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) with a Positive and raises the price target from $205 to $250.

QCOM

Susquehanna Maintains Positive on Qualcomm, Raises Price Target to $250

WIIM

SNAP

Shares of Snap and Meta are trading higher after Donald Trump made comments in support of TikTok.

UK Leather Garments Expands Into North America, Asia, And Europe, Setting New Standard In Ethically Sourced Leather Jacket Manufacturing

Symbotic's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SYM#NYSE">SYM</a>) short percent of float has risen 15.77% since its last report. The company recently reported that it has 10.59 million shares sold short, which is 27.9% of all regular shares that are available for trading. Based on its trading volume, it would take traders 6.16 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>Symbotic Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721222121_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Symbotic 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 Symbotic'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>, Symbotic's peer group average for short interest as a percentage of float is 4.57%, 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

Peering Into Symbotic's Recent Short Interest

ATI's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ATI#NYSE">ATI</a>) short percent of float has fallen 7.32% since its last report. The company recently reported that it has 6.85 million shares sold short, which is 9.49% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.84 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>ATI Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721222116_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for ATI has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing ATI'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>, ATI's peer group average for short interest as a percentage of float is 5.86%, 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.

How Is The Market Feeling About ATI?

ICF International's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ICFI#NYSE">ICFI</a>) short percent of float has risen 13.75% since its last report. The company recently reported that it has 167 thousand shares sold short, which is 0.91% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.08 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>ICF International Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721222111_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for ICF International 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 ICF International'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>, ICF International's peer group average for short interest as a percentage of float is 3.68%, 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.

ICFI

Peering Into ICF International's Recent Short Interest

Susquehanna analyst Christopher Rolland maintains Impinj (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PI#NASDAQ">PI</a>) with a Positive and raises the price target from $150 to $215.

Susquehanna Maintains Positive on Impinj, Raises Price Target to $215

Triumph Group, Inc., (TRIUMPH) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGI#NYSE">TGI</a>) today announced its Geared Solutions business has been awarded a contract to provide the Auxiliary Gearbox from GE Aerospace for the F404 afterburning turbofan engine with potential future use on multiple applications, including the T7-A, T-50, and TAI Hurjet platforms. TRIUMPH is a long-standing engineering and manufacturing partner with GE on military and commercial gearbox applications. This work will be performed at TRIUMPH's facility in Macomb, Michigan.&nbsp;&nbsp;

Contracts

Triumph Group Has Been Awarded A Contract To Provide The Auxiliary Gearbox From GE Aerospace For The F404 Afterburning Turbofan Engine With Potential Future Use On Multiple Applications

Wedbush analyst Seth Basham maintains CarMax (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMX#NYSE">KMX</a>) with a Outperform and raises the price target from $85 to $95.

Wedbush Maintains Outperform on CarMax, Raises Price Target to $95

<a href="https://x.com/mingchikuo/status/1813561418316443713">https://x.com/mingchikuo/status/1813561418316443713</a>
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Global

Analyst Ming-Chi Kuo Says "Update: Due to the inability to meet Apple's high-quality requirements, the new iPhone 17 in 2025 will not use RCC as the PCB motherboard material."

Aker BP GAAP EPS of $0.26, revenue of $3.56B; initiates FY24 outlook

Aker BP ASA (AKRBF) Q4 2023 Earnings Call Transcript

Aker BP ASA goes ex dividend today

Aker BP: Extremely Cost-Competitive Assets, Dollar-Long Play

Aker BP ASA (AKRBF) Q1 2024 Earnings Call Transcript

Aker BP ASA GAAP EPS of $0.84, revenue of $3.08B

Aker BP ASA goes ex dividend tomorrow

Aker BP reports Q2 preliminary results; narrows FY production forecast

Aker BP: Better Pick Than U.S. Shale Stocks

Aker BP ASA (AKRBF) Q2 2024 Earnings Call Transcript

AKRBF

AKRBY

Commodities

Small Cap

Press Releases

Aker BP fourth quarter 2023 trading update

Aker BP awarded 27 licenses in APA 2023

Earnings

Aker BP - Fourth quarter 2023 results

Aker BP releases 2023 Annual Report

Aker BP trading update for Q1-2024

Aker BP: Hanz on stream

Aker BP: First quarter 2024 results

Aker BP: Minutes of Annual General Meeting

Aker BP second quarter 2024 trading update

Aker BP reports second quarter 2024 results

Aker BP

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