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VSEC

VSE Corp is exploring strategic alternatives for its Fleet segment, including a potential corporate restructuring plan and relocating its headquarters.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 9:36 pm

INO

INOVIO Pharmaceuticals announced that its cash runway is expected to extend into the second quarter of 2025, indicating a solid financial position for the near future.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 9:36 pm

HOOD

Robinhood's 24-hour market trading volume surpassed $10 billion, with an expansion in February to include 922 symbols available for overnight trading in the US.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 9:34 pm

AMAT

AVGO

INTC

MU

NVDA

Bank of America's Equity Strategy data shows a decline in the relative weighting of S&P 500 semiconductor and EDA stocks from July 2023 to January 2024, with Nvidia maintaining the broadest ownership among fund managers. Ownership expansions were noted in Broadcom, Micron Technology, Applied Materials, Intel, Nvidia, and Cadence Design Systems, while significant declines were observed in Microchip Technology, First Solar, Enphase Energy, NXP Semiconductors, AMD, Qualcomm, and KLA Corp. Intel, ON Semiconductor, and AMD saw the most significant increases in overweighting, whereas First Solar, Qorvo, Teradyne, Applied Materials, and Qualcomm experienced the largest decreases. Long-only investors and hedge funds showed distinct preferences in their overweight positions.

Portfolio Pulse from Anusuya Lahiri

March 06, 2024 | 9:18 pm

HPK

HighPeak Energy has projected its capital expenditure for FY24 to be between $500M and $585M. This financial planning indicates the company's investment strategy and operational focus for the upcoming fiscal year.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 9:17 pm

SBUX

Recent options trading activity for Starbucks (NASDAQ:SBUX) shows a bullish sentiment among significant investors, with 65% of detected trades being bullish and 35% bearish. The trades consist of 6 puts and 14 calls, with a notable concentration on strike prices ranging from $75.0 to $115.0. The current market status of SBUX shows a slight increase in stock price to $91.45, with indicators suggesting it may be approaching oversold territory. The next earnings report is expected in 55 days.

Portfolio Pulse from Benzinga Insights

March 06, 2024 | 8:46 pm

AIG

American Intl Gr (NYSE:AIG) has seen a 9.0% increase in short percent of float since its last report, with 6.57 million shares sold short, representing 1.09% of available shares. This increase in short interest indicates a more bearish market sentiment towards AIG, although it has less short interest compared to its peer group average of 1.90%. The rise in short interest does not necessarily predict a near-term price fall but suggests increased bearishness among traders.

Portfolio Pulse from Benzinga Insights

March 06, 2024 | 8:30 pm

BECN

Beacon Roofing Supply (NYSE:BECN) has seen a decrease in short interest, now at 4.57% of float, lower than its last report. The short interest represents 1.89 million shares, and it would take approximately 3.07 days for traders to cover their short positions. This change in short interest could indicate a shift in market sentiment towards BECN, potentially signaling a more bullish outlook. Additionally, BECN's short interest is slightly higher than its peer group average of 4.48%.

Portfolio Pulse from Benzinga Insights

March 06, 2024 | 8:30 pm

PEPEUSD

Pepe (CRYPTO: PEPE) has seen a 14% increase in the past 24 hours, outperforming rivals Dogecoin and Shiba Inu. Binance introduced PEPE/USDC trading pairs, contributing to a 36,530% gain since Pepe's launch. All Pepe holders are currently in profit, with a significant increase in large transactions and trading volumes reaching over $3 billion. The token's integration with Arbitrum and Binance Smart Chain has been highlighted, and anticipation grows for a potential Coinbase listing.

Portfolio Pulse from Khyathi Dalal

March 06, 2024 | 8:18 pm

MU

Options market activity indicates a bullish stance on Micron Technology (NASDAQ:MU), with 55% of investors showing bullish expectations. Significant trading activity aims for a price range of $60.0 to $150.0 over the next three months. Micron Technology, a major semiconductor company, is currently trading at $95.13, up by 0.7%, with an RSI suggesting it may be approaching overbought territory. An analyst from Mizuho maintains a Buy rating with a target price of $105.

Portfolio Pulse from Benzinga Insights

March 06, 2024 | 8:15 pm