Streetbeat News

Assets

VEEV

Veeva Systems (NYSE:VEEV) has delivered an impressive average annual return of 21.04% over the past 10 years, outperforming the market by 10.55% annually. An initial investment of $100 in VEEV a decade ago would be worth $688.88 today, showcasing the impact of compounded returns on investment growth. Veeva Sys currently holds a market capitalization of $36.68 billion.

Portfolio Pulse from Benzinga Insights

March 11, 2024 | 2:30 pm

VKTX

Viking Therapeutics (NASDAQ:VKTX) has significantly outperformed the market with an annualized return of 41.27% over the past 5 years, turning a $100 investment into $877.51 today. The company now has a market capitalization of $7.54 billion.

Portfolio Pulse from Benzinga Insights

March 11, 2024 | 2:30 pm

SM

SM Energy (NYSE:SM) has seen an increase in short interest, now at 10.07% of its float, higher than its peer group average of 6.51%. This rise to 7.90 million shares sold short suggests a bearish market sentiment, although it doesn't necessarily predict a near-term price drop. The coverage period for these short positions is approximately 6.3 days based on current trading volumes.

Portfolio Pulse from Benzinga Insights

March 11, 2024 | 2:15 pm

WLK

Westlake's (NYSE:WLK) short interest has decreased by 10.7%, now standing at 1.75 million shares or 5.34% of its float. This decline suggests a more bullish sentiment among investors. Compared to its peers, Westlake has slightly less short interest, with the average being 5.36%. Short interest is a key indicator of market sentiment, and a decrease often signals increased investor confidence.

Portfolio Pulse from Benzinga Insights

March 11, 2024 | 2:15 pm

FANG

Diamondback Energy (NYSE:FANG) has seen a decrease in short interest, now at 3.24% of its float, lower than the peer group average of 6.68%. This reduction from 5.26% suggests a more bullish sentiment among investors. The current short interest represents 5.06 million shares, with a cover time of 1.95 days based on trading volume.

Portfolio Pulse from Benzinga Insights

March 11, 2024 | 2:15 pm

BITF

Bitfarms Ltd. (BITF) has announced the purchase of additional miners to reach a mining capacity of 21 EH/s in 2024. The company fully exercised a purchase option for 28,000 Bitmain T21 miners and bought an additional 19,280 Bitmain T21 miners, 3,888 Bitmain S21 miners, and 740 Bitmain S21 Hydro miners. These acquisitions are part of Bitfarms' expansion plan, aiming to operate one of the newest and most powerful mining fleets in anticipation of a bull market. The company plans to liquidate older miners to offset the cost of new ones and aims to improve hashrate, energy efficiency, and operating costs per terahash.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 2:11 pm

AMAT

Over the past 5 years, Applied Materials (NASDAQ:AMAT) has outperformed the market with an annualized return of 25.03%, resulting in an average annual return of 37.69%. A $100 investment in AMAT 5 years ago would now be worth $513.54. The company's current market capitalization stands at $166.11 billion.

Portfolio Pulse from Benzinga Insights

March 11, 2024 | 2:00 pm

FI

Over the past 15 years, Fiserv (NYSE:FI) has produced an average annual return of 21.06%, outperforming the market by 7.73%. A $100 investment in Fiserv 15 years ago would now be worth $1,822.25. Fiserv's current market capitalization stands at $89.29 billion.

Portfolio Pulse from Benzinga Insights

March 11, 2024 | 2:00 pm

BTCUSD

ETHUSD

FLOKIUSD

THETAUSD

Cryptocurrency market sees gains with Ethereum surpassing $4,000 and Bitcoin trading above $72,000. Theta Network and FLOKI lead as top gainers, while dogwifhat records the biggest loss. The global crypto market cap increased by 2.8% to $2.71 trillion.

Portfolio Pulse from Avi Kapoor

March 11, 2024 | 1:48 pm

INO

Inovio Pharmaceuticals (NYSE:INO) has seen a 22.31% increase in its short percent of float since the last report, with 1.74 million shares sold short, representing 7.73% of available shares. This indicates a bearish sentiment among traders, although it's below the peer group average of 8.32%. The rise in short interest doesn't necessarily predict a price drop but suggests increased bearish activity.

Portfolio Pulse from Benzinga Insights

March 11, 2024 | 1:45 pm