The short-sale attack on Tempus AI (TEM) heated up on Wednesday. The stock’s rally halted after it lost 19.23% to close at $53.20. Short sellers hold an 11.29% short interest.
Spruce Point Capital published a short report against Tempus. The firm previously posted a short report against Him & Hers (HIMS). HIMS stock went on to rise from the $20 - $30 range to over $60 in early May.
Salesforce (CRM) will trade in a steady range after posting first-quarter revenue of $9.83 billion (+7.7% Y/Y). Non-GAAP EPS was $2.58. The company raised its full-year 2026 revenue guidance, too. It expects revenue to grow by 8.5%, with a profit margin of 17%.
CRM stock is attractive at current prices.
Box (BOX) may pull back after gaining over 17% on Tuesday. The company reported a 4.4% Y/Y revenue growth, to $276.27 million in the first quarter.
In the retail sector, Victoria’s Secret (VSCO) might continue its downward trend. Activists increased their holdings to 13%. They want to shake up the company. However, the company adopted a poison pill. This is unfortunate since it prevents activists from pressuring change in the company.
In the entertainment and communications market, watch Warner Bros Discovery (WBD). The stock traded above $10.00. During the Memorial Day weekend, Disney (DIS), Paramount (PARA), and Marcus (MCS) benefited from strong ticket movie revenue. WBD’s stock benefited from the success of Final Destination: Bloodlines.
