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UNG

The Canada Energy Regulator has approved the first compressed natural gas facility in the Northwest Territories, marking a significant step in the region's energy development. This decision could influence the energy sector, particularly companies and ETFs involved in natural gas.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 5:34 pm

MCHP

Microchip Technology (NASDAQ:MCHP) has seen significant options trading activity, with a bullish sentiment prevailing among investors. Analysis of 15 trades reveals 53% bullish and 46% bearish expectations. The trading activity suggests investors are targeting a price range of $82.5 to $135.0 for MCHP over the next three months. Notable trades include bullish and bearish calls with varying strike prices and expiration dates. The company, known for its microcontrollers used in various electronic devices, has a current stock price of $89.06, with trading volume at 3,700,218 and an RSI indicating a neutral position. An earnings announcement is expected in 56 days.

Portfolio Pulse from Benzinga Insights

March 07, 2024 | 5:31 pm

AHG

Akso Health Group (AHG) is offering 37.1 million ADS shares at $1.33 each to institutional investors, along with warrants for up to 222.6 million ordinary shares at an exercise price of $0.4933 per share. The offering is part of a Securities Purchase Agreement dated March 5, 2024. The warrants are exercisable immediately and expire in five years. This offering and the warrants are exempt from registration under the Securities Act of 1933. AHG's public float was valued at approximately $276.52 million based on a price per ADS of $2.60 as of February 2, 2024. AHG's ADSs are traded on the Nasdaq under the symbol "AHG", with a closing sale price of $1.23 per ADS on March 5, 2024.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 5:10 pm

ADSK

Autodesk (NASDAQ:ADSK) was analyzed by 21 analysts, showing a mix of bullish to bearish sentiments. Recent ratings indicate a shift towards more positive views, with an average 12-month price target of $280.48, up 11.63% from the previous $251.25. Analysts from firms like Argus Research, Goldman Sachs, and Keybanc have adjusted their ratings and price targets, reflecting changes in market dynamics and Autodesk's performance. Financial indicators reveal Autodesk's lower market capitalization, positive revenue trend, below-average net margin, high ROE and ROA, and a concerning debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

March 07, 2024 | 5:01 pm

TFC

Truist Financial Corp's (NYSE:TFC) short interest has decreased by 17.16% since the last report, with 14.70 million shares sold short, representing 1.11% of its float. The current short interest suggests a bullish sentiment among investors, as it takes approximately 1.38 days to cover short positions. Truist's short interest is below its peer group average of 3.77%, indicating less bearish sentiment compared to its peers.

Portfolio Pulse from Benzinga Insights

March 07, 2024 | 5:00 pm

PDD

PDD Holdings (NYSE:PDD) has seen a decrease in short interest, with the short percent of float falling 11.78% since the last report, now at 3.52% of all shares available for trading. This indicates a potential shift in market sentiment towards a more bullish outlook for PDD, as short interest is a key indicator of market sentiment. The current short interest is below the peer group average of 8.32%, suggesting PDD Holdings is less bearishly viewed than its peers.

Portfolio Pulse from Benzinga Insights

March 07, 2024 | 5:00 pm

EXPE

Expedia Group's (NYSE:EXPE) short interest has increased by 7.55% since the last report, with 5.31 million shares sold short, representing 4.7% of its float. The current short interest suggests a bearish market sentiment towards EXPE, although it has less short interest compared to its peers' average of 5.56%. The article highlights the importance of tracking short interest as an indicator of market sentiment and discusses how an increase in short interest can sometimes be bullish.

Portfolio Pulse from Benzinga Insights

March 07, 2024 | 5:00 pm

GBTC

IBIT

Bitcoin Cash (BCH) is up 6.1% amid a broader crypto market rally, driven by Bitcoin's new all-time high and institutional interest. Bitcoin spot ETFs, including BlackRock's iShares Bitcoin Trust (IBIT), saw significant inflows, with IBIT leading at $281 million despite outflows from Grayscale Bitcoin Trust (GBTC).

Portfolio Pulse from Henry Khederian

March 07, 2024 | 4:52 pm

NXPI

Significant activity in NXP Semiconductors (NASDAQ:NXPI) options has been observed, indicating a bullish stance by smart money, with a mix of 51% bullish and 48% bearish sentiment among 35 unusual options trades. The trades include 3 puts and 32 calls, with a price target range of $230 to $370. The trading volume and RSI indicators suggest NXPI may be overbought, with an earnings announcement expected in 53 days. Analysts have set an average price target of $254, with varying ratings from Neutral to Buy.

Portfolio Pulse from Benzinga Insights

March 07, 2024 | 4:46 pm

SPY

Fed Chair Powell emphasized the distance from fiscal policy overwhelming monetary policy, stressing the need for discussions on fiscal sustainability. He expressed hope for a return to such discussions and mentioned exploring liquidity innovations post-SVB, though finalizations are not yet close.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 4:44 pm