Latest news for Talanx (OTC:TLLXY) Stock

Talanx is the third largest insurer in Germany. It sells insurance to businesses, personal lines insurance, and also reinsurance. The origins of Talanx go back to the early 1900s and the founding of two mutuals in Germany, HDI and FSV, that were set up to provide liability insurance to the German iron and steel industry, and fire insurance to the German mining industry because of growing dissatisfaction with their insurance providers, respectively. These two mutuals merged to form Halfplichtverband der Deutschen Industrie, or HDI, in 1970. Over the years companies outside of metals and mining have joined the mutual.HDI started providing reinsurance services in the mid-1920s and private insurance in the 1950s, and today, HDI owns over three quarters of Talanx.

Talanx AG

WIIM

MTLS

Materialise NV shares are trading higher after the company reported better-than-expected Q2 financial results.

JP Morgan analyst Andrew Steinerman maintains S&amp;P Global (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPGI#NYSE">SPGI</a>) with a Overweight and raises the price target from $550 to $565.

News

Price Target

Analyst Ratings

SPGI

JP Morgan Maintains Overweight on S&P Global, Raises Price Target to $565

JP Morgan analyst Rachel Vatnsdal maintains Repligen (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGEN#NASDAQ">RGEN</a>) with a Overweight and raises the price target from $190 to $200.

RGEN

JP Morgan Maintains Overweight on Repligen, Raises Price Target to $200

A new Biden administration rule that will <a href="https://www.benzinga.com/markets/equities/24/07/40057897/amd-partners-with-microsoft-meta-and-google-on-new-ai-accelerator-link-standard-to-challenge-nvi">expand U.S. powers</a> on stopping exports of semiconductor manufacturing equipment from some foreign countries to China will serve as a boon to the industry, according to a prominent tech analyst.
A current Foreign Direct Product rule already gives the U.S. the ability to stop products made from U.S. technology, including those made in a foreign country, from being sold to China.
The White House expects to reveal the new measure in August. It excludes exports from foreign countries that make key equipment, such as Japan, the Netherlands and South Korea, Reuters reported.
It would also prohibit several Chinese companies that play a major role in China&#8217;s chipmaking efforts from receiving exports from countries such as Israel, Taiwan, Singapore and Malaysia.
&#8220;It's bullish for the chip sector and AI Revolution trade because it puts a tight rope around restrictions and tariffs,&#8221; Wedbush Securites analyst Dan Ives told Benzinga on Wednesday. &#8220;It&#8217;s a huge positive for the supply chain.&#8221;
Ives is Wedbush&#8217;s managing&nbsp;director&nbsp;and&nbsp;senior&nbsp;equity&nbsp;research&nbsp;analyst&nbsp;covering&nbsp;the&nbsp;technology&nbsp;sector.
Read Also:<a href="https://www.benzinga.com/etfs/sector-etfs/24/07/40047835/dell-nvidia-amd-stocks-tumble-as-semiconductor-rally-stalls"> Dell, Nvidia, AMD Stocks Tumble As Semiconductor Rally Stalls</a>
Chinese foreign ministry spokesperson Lin Jian told Reuters that efforts by the U.S. to &#8220;coerce other countries into suppressing China&#8217;s semiconductor industry&#8221; undermines global trade and hurts all parties.
Lin added that China hopes relevant countries would resist U.S. efforts and protect their long-term interests.
&#8220;Containment and suppression cannot stop China&#8217;s development, but will only enhance China&#8217;s determination and ability to develop its scientific and technological self-reliance,&#8221; Lin told the wire service. 
Aiming to impede supercomputing and AI breakthroughs that could benefit the Chinese military, the U.S. imposed export controls on chips and chipmaking equipment for China in 2022 and 2023.
The new rule is currently in draft form. It shows how Washington is seeking to keep up the pressure on China&#8217;s burgeoning semiconductor industry but without antagonizing allies.
Price Action: New York-listed U.S. chipmakers trended upward as of Wednesday&#8217;s mid-afternoon trading.
<ul>
<li>Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) jumped 11.3% to $115.48</li>
<li>Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) rose 10.2% to $158.16</li>
<li>Advanced Micro Devices, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) gained 4.67% to $144.61</li>
<li>Texas Instruments Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXN#NASDAQ">TXN</a>) edged up 1.16% to $202</li>
<li>Qualcomm Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) went up 5.21% to $157.63</li>
</ul>
Read Now:
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/07/40075799/semiconductor-stocks-set-for-strongest-day-in-5-months-as-chip-export-concerns-subside-top-wedne">Semiconductor Stocks Set For Strongest Day In 5 Months As Chip Export Concerns Subside: Top Wednesday Movers</a></li>
</ul>

Analyst Color

Asia

Global

Markets

Tech

AVGO

NVDA

QCOM

Biden Rule On Semiconductor Exports To China Is 'Huge Positive' For Chip  Sector, Supply Chain: Dan Ives

BP p.l.c. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BP#NYSE">BP</a>) shares are trading higher today. Goldman Sachs analyst Michele Della Vigna revised estimates after the company reported&nbsp;<a target="_blank" href="https://www.benzinga.com/news/earnings/24/07/40031178/bps-mixed-q2-results-eps-tops-estimates-production-challenges-raised-dividend-more" rel="noreferrer noopener">second-quarter FY24&nbsp;results yesterday</a>.
The British oil and gas giant reported sales and other operating revenues of&nbsp;$47.299 billion, missing the consensus of&nbsp;$52.925 billion.
Also, Underlying RC profit per American Depositary Share (ADS) came in at&nbsp;$1.00,<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener"> beating the consensus of&nbsp;$0.92.&nbsp;</a>
BP has announced a 10% increase in its interim dividend to 8.000 cents per ordinary share and completed&nbsp;$1.75 billion in share buybacks during the quarter.
According to their estimates, the analyst writes that BP offers a free cash flow yield of approximately 15.2% (2024E), the highest among EU majors.
This is due to cost and capital efficiency improvements, with the company&#8217;s breakeven oil price dropping over 75% from its peak, as BP enhances existing infrastructure through cash flow-generative brownfield projects, says the analyst.
Following the results, the analyst adjusted the estimates, resulting in EPS changes of about -8% for 2024, -8% for 2025, and -4% for 2026, primarily due to lower refining margins and gas prices.
Goldman Sachs reiterated a Buy rating with <a target="_blank" href="https://www.benzinga.com/quote/BP/analyst-ratings" rel="noreferrer noopener">a price target of $48</a>.
Price Action: BP shares are up 1.77% at $35.43 at the last check Wednesday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Read Next:
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<li><a href="https://www.benzinga.com//node/39769901" target="_blank" rel="noreferrer noopener">BP Joins Audi&#8217;s F1 Grid: The Race for Sustainable Motorsport Heats Up</a></li>
</ul>

Equities

Large Cap

Reiteration

Trading Ideas

BP's High Free Cash Flow Yield And Efficient Capital Improvements Drive Confidence: Goldman Sachs

<a href="https://www.cnbc.com/2024/07/31/uaw-union-endorses-vice-president-kamala-harris-over-trump.html" title="https://www.cnbc.com/2024/07/31/uaw-union-endorses-vice-president-kamala-harris-over-trump.html">https://www.cnbc.com/2024/07/31/uaw-union-endorses-vice-president-kamala-harris-over-trump.html</a>

Politics

General

STLA

'UAW union endorses Vice President Kamala Harris over Trump' - CNBC

Mondelez International, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDLZ#NASDAQ">MDLZ</a>) reported better-than-expected second-quarter adjusted EPS results and r<a href="https://www.benzinga.com/quote/MDLZ/earnings">aised its dividend on Tuesday</a>.
Mondelez International reported quarterly earnings of 86 cents per share which beat the analyst consensus estimate of 79 cents per share. The company reported quarterly sales of $8.343 billion which missed the analyst consensus estimate of $8.454 billion.
Mondelēz raised its quarterly dividend by 11% from 42.5 cents to 47 cents per share.
&#8220;We continued to execute against our strategic growth agenda in the second quarter with strong profitability and attractive cash flow generation. Our performance was fueled by our commitment to reinvesting in our brands, capabilities, ongoing price execution and cost discipline,&#8221; said Dirk Van de Put, Chair and Chief Executive Officer. &#8220;We are well positioned for the second half of the year with the completion of European pricing, the addition of new value offerings in the U.S. and significant distribution runway across key emerging markets. Our teams remain focused on delivering our long-term growth agenda while remaining agile in this dynamic operating environment.&#8221;
Mondelez shares gained 3.2% to trade at $69.20 on Wednesday.
These analysts made changes to their price targets on Mondelez following earnings announcement.
<ul>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/580ded6b846faa000106aeb1/michael-lavery">Piper Sandler analyst Michael Lavery </a>maintained Mondelez International with an Overweight rating and raised the price target from $76 to $78.</li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5e3019a9430dee0001c88a95/ken-goldman">JP Morgan analyst Ken Goldman</a> maintained Mondelez with an Overweight rating, while increasing the price target from $72 to $73.</li>
</ul>
Read Next: 
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<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/07/40068197/jim-cramer-says-this-home-improvement-chain-is-a-buy-ahead-of-fed-rate-cut-cycle-i-would">Jim Cramer Says This Home Improvement Chain Is A Buy Ahead Of Fed Rate Cut Cycle: &#8216;I Would Pick Some Up Tomorrow&#8217;</a></li>
</ul>

Earnings

MDLZ

Mondelez Analysts Boost Their Forecasts After Upbeat Earnings

JP Morgan analyst Peter Peng maintains Qorvo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QRVO#NASDAQ">QRVO</a>) with a Underweight and raises the price target from $100 to $115.

QRVO

JP Morgan Maintains Underweight on Qorvo, Raises Price Target to $115

JP Morgan analyst Pinjalim Bora maintains Pegasystems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEGA#NASDAQ">PEGA</a>) with a Overweight and raises the price target from $78 to $83.

PEGA

JP Morgan Maintains Overweight on Pegasystems, Raises Price Target to $83

JMP Securities analyst Devin Ryan maintains PJT Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PJT#NYSE">PJT</a>) with a Market Outperform and raises the price target from $120 to $142.

JMP Securities Maintains Market Outperform on PJT Partners, Raises Price Target to $142

Benchmark Electronics shares are trading higher after the company reported better-than-expected Q2 financial results and issued Q3 adjusted EPS guidance above estimates. Also, Needham and Lake Street raised their respective price targets on the stock.

Constellation Energy Corporation shares are trading higher today after the release of results of the annual power market auction by PJM Interconnection.

For months, one of the key arguments the bulls have used for thinking that the stock market should keep on rallying in the second half of 2024 and beyond has been the thought that the Fed is close to cutting interest rates.&nbsp; We, on the other hand, have been saying that history tells us that these would very likely be bearish developments.&nbsp;
Despite what so many pundits say on Wall Street, lower interest rates are NOT a bullish sign for the stock market…when they follow a significant tightening cycle (like the one we went through in recent years).&nbsp; It's one thing when rates come down due to lower inflation, but it's another thing when it takes place due to a meaningful slowdown in growth.&nbsp; When the latter happens, it is NOT good for a stock market…especially one that is very expensive (like it is today).&nbsp;&nbsp;Slower growth means lower earnings…and lower earnings mean a lower stock market (especially if it's an expensive stock market).&nbsp; This will be the case…even if the "slower growth" does not push us into a recession.&nbsp; (If it DOES push us into a recession, it will be EXTREMELY bearish.)
Looking Forward: Yes, it was great to see last week that the GDP growth in Q2 was higher than the consensus was looking for (2.8% vs. the 2.0% estimate).  However, there is a reason that the GDP reports almost never have much impact on the markets.  They're about as backward looking as any data point economists look at on a regular basis.  So, it was not a surprise that the Treasury market and stock market both ignored that report on Thursday…and moved lower.  However, we're getting a lot of evidence from forward looking information…like the guidance from many consumer-related companies (like Visa, Ford, American Airlines, Nestle, McDonalds, UPS, Coca Cola…and even BofA)…that the consumer is really beginning to pull in their horns……We also see the data on credit card balances that are past due…which have reached their highest level since 2012.  On top of this, the housing market is showing some real signs of weakness.  So, there is no question that there are concerns about growth in the US going forward.
On top of all this, we have the former Fed NY Fed President Bill Dudley penning an article that came out last week…saying that the Fed should cut interest rates at next week's July meeting.  This is a big change for him…and former Fed officials (especially former NY Fed Presidents…who are EXTREMELY influential) do not write pieces like that lightly.  If he is seeing something that tells us that the Fed needs to be more aggressive, it's something we should all take note of.  Heck, Mr. Dudley finished his piece by saying, "Although it might already be too late to fend off a recession by cutting rates, dawdling now unnecessarily increases the risk."  So, it doesn't seem like this extremely influential person is overly bullish on the economic outlook right now.
As we've said many times, if the stock market was trading at 15x or 16x forward earnings, we'd be signing a different tune.  However, as the charts we have provided below (and provided several times in recent weeks), it shows that when interest rates/bond yields roll-over after a significant rise…at a time when the stock market was expensive…it has been very, very negative for stocks…..So, investors need to be careful about what they wish for when it comes to lower short-term interest rates from the Federal Reserve.
<figure class="wp-block-image"><a href=" https://www.benzinga.com/premium/ideas/turning-point-trader-checkout-2/?t=tu1tu3spmiretp1&amp;utm_source=RD0731"><img decoding="async" src="https://mail.google.com/mail/u/0?ui=2&amp;ik=58eb851bd9&amp;attid=0.1&amp;permmsgid=msg-f:1806116998934769706&amp;th=19109dd7604d302a&amp;view=fimg&amp;fur=ip&amp;sz=s0-l75-ft&amp;attbid=ANGjdJ9fhxj5-sllfSHL9GySk3n3vyTwF5MH7DxmxrXPx7uZodHrmkt-2ebQTwVjK4gFb_Eizq0xmZsf-hKVGDQoTg4A7YGzwLcYAL5K9GurNcCmWP7HHciUbW4Mx1Q&amp;disp=emb" alt="" /></a></figure>
For more Matt Maley, <a href="https://www.benzinga.com/premium/ideas/turning-point-trader-checkout-2/?t=tu1tu3spmiretp1&amp;utm_source=RD0731">Click Here</a>
Image from Midjourney

Opinion

Why a Rate Cut Could Tank the Stock Market

HUMA

Humacyte shares are trading higher. The company announced topline results from its V007 Phase 3 trial of Acellular Tissue Engineered Vessel.

JMP Securities analyst Silvan Tuerkcan maintains Macrogenics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MGNX#NASDAQ">MGNX</a>) with a Market Outperform and lowers the price target from $16 to $8.

MGNX

JMP Securities Maintains Market Outperform on Macrogenics, Lowers Price Target to $8

JP Morgan analyst Richard Shane maintains NMI Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NMIH#NASDAQ">NMIH</a>) with a Overweight and raises the price target from $40 to $42.

NMIH

JP Morgan Maintains Overweight on NMI Holdings, Raises Price Target to $42

In a surprising move, former US President Donald Trump has proposed a plan to establish a national bitcoin stockpile if he is reelected. This announcement has left economists and financial experts scratching their heads.
What Happened: As reported by <a href="https://www.wired.com/story/donald-trumps-plan-to-hoard-billions-in-bitcoin-has-economists-stumped/">Wired</a> on Thursday, Trump unveiled his plan at the <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39889133/trump-fundraiser-at-bitcoin-conference-reaches-845k-asking-price-per-seat">Bitcoin 2024 conference in Nashville</a>, Tennessee. He pledged to retain all bitcoin currently held or acquired by the US government in the future, estimated to be around 210,000 bitcoin, worth approximately $14 billion.
Don&#8217;t Miss:
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<li>According to Cathie Wood, holding 6 Ethereum (ETH) could make you a millionaire, <a href="https://www.benzinga.com/money/adv-6eth" target="_blank" rel="noreferrer noopener">here&#8217;s why it can be true</a>.</li>
<li>If you invested $100 in DOGE when Elon Musk first tweeted about it in 2019, <a href="https://www.benzinga.com/money/bydfi-doge" target="_blank" rel="noreferrer noopener">here&#8217;s how much you&#8217;d have today</a>.</li>
</ul>
While the plan was well-received by conference attendees, economists like James Angel from Georgetown University have expressed skepticism. Angel questioned the economic benefit of such a move, suggesting that it might primarily serve to secure votes from bitcoin enthusiasts.
Trump&#8217;s proposal implies an increase in the <a href="https://www.benzinga.com/top-stories/24/07/40066385/strategic-bitcoin-reserve-could-be-paid-for-by-federal-reserve-earnings-and-reevaluating-gold-propos">US bitcoin holdings</a> over time. However, the source of funding for additional acquisitions remains unclear. The options of raising taxes, accruing debt, or printing more US dollars seem to contradict Trump&#8217;s goal of reducing inflation and national debt.
<hr class="wp-block-separator has-alpha-channel-opacity" />
Trending: <a href="https://www.benzinga.com/money/tradeup-24hours" target="_blank" rel="noreferrer noopener">Enjoy freedom to trade from market hours with this revolutionary platform allowing 24-hour trading access to diversify your portfolio with global international stocks and ETFs.</a>
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Despite the excitement from the bitcoin community, the plan has faced criticism for potentially benefiting a small subset of the population at the expense of others. Michael Green, chief strategist at asset management firm Simplify, compared the situation to the US government promising to pay over the odds for real estate in California, but no other state.
Furthermore, if implemented, Trump&#8217;s plan could increase the government&#8217;s dependence on <a href="https://www.benzinga.com/money/cryptocurrency-mining">bitcoin mining</a> companies, who maintain the underlying network. This could potentially lead to the bitcoin mining industry becoming another special interest group that the US government would have to bail out in case of instability.
The future of Trump&#8217;s plan remains uncertain. Angel referred to Trump as a &#8220;master demagogue&#8221; and suggested that the plan could go the way of Trump Airline, Trump Casino, and Trump University, implying it might not materialize.
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<li>If you invested $100K in Nivida during COVID, you would&#8217;ve been a millionaire today. <a href="https://www.benzinga.com/money/if-you-invested-in-nvidia-in-2022" target="_blank" rel="noreferrer noopener">Get it as your free stock on this platform today.</a></li>
</ul>

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

Cryptocurrency

Economists Skeptical About Trump's Bitcoin Stockpile Plan: A Game-Changer Or A Mere Election Gimmick?

Team USA Gymnast Simone Biles helped herself and her team complete a redemption tour from the 2020 Summer Olympics with a gold medal win at the <a href="https://www.benzinga.com/topic/olympics">2024 Summer Olympics.</a>
Biles now returns to the individual all-around championship on Thursday with a chance at more redemption.
What Happened: Teammates Biles and Suni Lee will compete for the gold medal in the 2024 Summer Olympics Individual All-Around.
While Biles dropped out of the 2020 Olympics gymnastics event to prioritize mental health, she is the former champion of the event at the 2016 Olympics and at several World Championships. Without Biles competing in the event in the 2020 Summer Olympics, Lee stepped up and won the gold medal.
Thursday's competition, which airs on NBC and streams on Peacock at 12:15 p.m. ET, will mark the first time that two gold medalists in the event will face off against each other.
Betting odds from DraftKings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DKNG#NASDAQ">DKNG</a>) show that Biles and Lee are expected to finish first and second and take home the gold and silver medals respectively. Here are the betting odds to win the gold medal in the 2024 Olympics Women's Gymnastics Individual All-Around:
<ul>
<li>Simone Biles: -575</li>
<li>Suni Lee: +450</li>
<li>Rebecca Andrade (Brazil): +500</li>
<li>Qiu Qiyuan (China): +800</li>
<li>Alice D'Amato (Italy): +2,500</li>
</ul>
Betting $100 on Biles to win the gold medal would return a profit of $17.39 if she wins the individual all-around event.
A win and second place finish by Biles and Lee in any order would give USA the gold and silver again. In 2016, Aly Raisman got the silver medal.
Andrade won the silver medal behind Lee in the 2020 Olympics and took home the silver medal in the 2023 World Championships behind Biles. The Brazilian won the 2022 World Championship for the same event.
In the team all-around, Team USA won with a score of 171.926 followed by Italy at 165.64 and Brazil at 164.497.
Read Also: <a href="https://www.benzinga.com/general/education/24/07/39999972/how-much-are-physical-2024-olympic-gold-medal-silver-medal-and-bronze-medals-worth-the-answer-m">How Much Are Physical 2024 Olympic Gold Medal, Silver Medal And Bronze Medals Worth? The Answer Might Surprise You</a>
Why It's Important: Biles is one of the most famous Olympians of the last decade. She has the chance to add to her records and impressive medal counts.
The Team USA all-around gold medal gave Biles eight Olympic medals to make her the most decorated American gymnast in Olympics history.
Medals won by Biles and Lee could help add to the USA medal count.
At the time of writing, USA currently ranks first in the overall medal count with 28, besting France (22) and Great Britain (17).
Team USA trailed in the gold medal count with four, compared to leaders China (8), Australia/Japan (7) and France/Great Britain (6).
USA was favored to win the most medals and gold medals ahead of the Olympics. The country has won the most medals in many recent years and has led the way in the most gold medals in the past three Summer Olympics.
Gymnastics remains one of the most popular sports for American viewers. It <a href="https://www.benzinga.com/general/entertainment/24/07/40017149/paris-olympics-opening-ceremony-viewership-up-60-from-2020-olympics-can-comcast-stock-get-a">could provide a boost</a> to media rights partner Comcast Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCSA#NASDAQ">CMCSA</a>).
Read Next: 
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<li><a href="https://www.benzinga.com/general/sports-betting/24/07/39989579/6-stocks-going-for-gold-during-2024-summer-olympics-biggest-event-in-company-history">6 Stocks Going For Gold During 2024 Summer Olympics: &#8216;Biggest Event&#8217; In Company History</a></li>
</ul>

Sports Betting

Sports

CMCSA

DKNG

Simone Biles Helps Team USA Gymnastics Win Gold, Can She Win All-Around Championship Again? Here's How Much A $100 Bet Pays Out

Illumina's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ILMN#NYSE">ILMN</a>) short percent of float has fallen 5.04% since its last report. The company recently reported that it has 4.78 million shares sold short, which is 3.39% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.57 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>Illumina Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1722449720_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Illumina 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 Illumina'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>, Illumina's peer group average for short interest as a percentage of float is 5.64%, 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.

Short Sellers

Short Ideas

ILMN

Peering Into Illumina's Recent Short Interest

Chesapeake Energy's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHK#NYSE">CHK</a>) short percent of float has risen 5.87% since its last report. The company recently reported that it has 19.39 million shares sold short, which is 14.8% of all regular shares that are available for trading. Based on its trading volume, it would take traders 13.85 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>Chesapeake Energy Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1722449715_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Chesapeake Energy 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 Chesapeake Energy'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>, Chesapeake Energy's peer group average for short interest as a percentage of float is 5.84%, 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.

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