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VEEV

Financial giants have shown a bearish sentiment towards Veeva Systems (NYSE:VEEV) through recent options trading, with a mix of bullish and bearish trades observed. The trading activity suggests a focus on a price range between $200.0 and $270.0 for VEEV. Despite the bearish options sentiment, analysts have varying views on VEEV, with target prices ranging from $203 to $264. VEEV's current trading volume is 1,655,827, with a price decrease of -2.22%, and an RSI indicating it may be approaching overbought territory.

Portfolio Pulse from Benzinga Insights

March 01, 2024 | 8:35 pm

WELL

Over the past 15 years, Welltower (NYSE:WELL) has produced an average annual return of 21.93%, outperforming the market by 7.52%. A $100 investment in WELL 15 years ago would be worth $1,824.40 today. Welltower's market capitalization currently stands at $52.43 billion.

Portfolio Pulse from Benzinga Insights

March 01, 2024 | 8:31 pm

GBTC

Grayscale Investments is seeking SEC approval for options trading on its Bitcoin ETF, GBTC, to diversify its investor base and enhance shareholder value. CEO Michael Sonnenshein emphasizes the importance of this move, especially given Bitcoin's recent 47% monthly increase. The approval process may be complex, involving both the SEC and CFTC, due to Bitcoin's commodity classification. Options trading could bring significant capital into Bitcoin ETFs, improve price discovery, and integrate Bitcoin more closely into the regulated financial ecosystem.

Portfolio Pulse from Murtuza Merchant

March 01, 2024 | 8:22 pm

HSY

Hershey's (NYSE:HSY) short interest has decreased by 7.21% since the last report, with 2.58 million shares sold short, representing 1.93% of its float. This decrease in short interest could indicate a more bullish sentiment towards HSY among traders. Hershey's short interest is below its peer group average of 5.11%, suggesting it is performing well compared to its peers.

Portfolio Pulse from Benzinga Insights

March 01, 2024 | 8:00 pm

HCA

HCA Healthcare's (NYSE:HCA) short interest has increased by 29.82% since the last report, with 2.86 million shares sold short, representing 1.48% of its float. It would take about 2.65 days to cover these short positions based on current trading volume. This rise in short interest indicates a more bearish market sentiment towards HCA Healthcare, although it has less short interest compared to its peers' average of 5.24%. The increase in short interest doesn't necessarily predict a price drop but suggests increased short selling activity.

Portfolio Pulse from Benzinga Insights

March 01, 2024 | 8:00 pm

EOG

EOG Resources (NYSE:EOG) has seen a 3.48% increase in short percent of float, now at 1.19% of all shares available for trading. With 6.87 million shares sold short, it would take about 2.22 days to cover these positions. This rise in short interest indicates a more bearish market sentiment towards EOG, although it's lower than the peer group average of 6.50%. The increase in short interest doesn't necessarily predict a price drop but suggests traders are betting against the stock.

Portfolio Pulse from Benzinga Insights

March 01, 2024 | 8:00 pm

GOLD

Deep-pocketed investors have shown a bearish sentiment towards Barrick Gold (NYSE:GOLD), as revealed by Benzinga's tracking of public options records. A significant surge in options activity for GOLD was observed, with a notable division among investors: 25% bullish and 75% bearish. The options activity focused on a price band between $13.0 and $20.0. Barrick Gold, a major gold miner, has seen its stock price slightly increase by 0.61% to $14.75, with its next earnings expected in 61 days.

Portfolio Pulse from Benzinga Insights

March 01, 2024 | 7:46 pm

SMH

TSM

Taiwan Semiconductor Manufacturing Co (NYSE:TSM) faces water shortage challenges as demand for advanced semiconductor chips increases. The shift to more sophisticated processing technologies has led to a 35% increase in water usage per unit. TSMC's critical role in the global tech supply chain, producing about 90% of the world's advanced chips, could be impacted. The company is expanding globally, with new plants in Japan and a $40 billion investment in Arizona, USA. Investors can gain exposure to TSMC through the VanEck Semiconductor ETF (NASDAQ:SMH), which has seen a 28% increase year-to-date. TSM shares rose by 5.77% to $136.08.

Portfolio Pulse from Anusuya Lahiri

March 01, 2024 | 7:39 pm

BIVI

CRDF

FSR

REAL

SCLX

SIDU

U.S. stocks traded higher with the Nasdaq Composite gaining over 1%. Energy shares rose by 1.4% as crude oil prices increased by 2.3%. BioVie Inc., Cardiff Oncology, and The RealReal reported significant gains following positive updates. Conversely, Sidus Space, Fisker Inc., and Scilex Holding experienced sharp declines. Fisker's drop was due to preliminary Q4 revenue results below estimates and concerns about its ongoing viability.

Portfolio Pulse from Avi Kapoor

March 01, 2024 | 7:32 pm

CEG

Constellation Energy (NYSE:CEG) has seen a 7.6% increase in short interest since its last report, with 5.17 million shares sold short, representing 1.84% of its float. This indicates a bearish sentiment among traders, although it's below the peer group average of 2.55% short interest. The article suggests that an increase in short interest doesn't necessarily predict a stock price fall.

Portfolio Pulse from Benzinga Insights

March 01, 2024 | 7:30 pm