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SPY

The Core PCE Price Index for January showed a year-over-year increase of 2.8%, aligning with the market expectations of a 2.8% rise.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 1:32 pm

ZI

ZoomInfo Technologies (NYSE:ZI) has seen a 16.08% increase in its short percent of float since the last report, with 15.42 million shares sold short, representing 4.91% of available shares. This indicates a bearish sentiment among investors, although it's below the peer group average of 6.83%. Short interest can serve as a market sentiment indicator, and an increase suggests investors are expecting the stock price to fall.

Portfolio Pulse from Benzinga Insights

February 29, 2024 | 1:30 pm

BKR

Baker Hughes (NYSE:BKR) has seen a 10.38% increase in its short percent of float since the last report, with 21.10 million shares sold short, representing 3.19% of its available shares. This indicates a bearish sentiment among investors, although it's not a definitive predictor of a price drop. Compared to its peers, BKR has a lower short interest percentage of 3.19% versus the peer group average of 7.76%, suggesting less bearish sentiment towards BKR relative to its peers.

Portfolio Pulse from Benzinga Insights

February 29, 2024 | 1:30 pm

SOFI

SoFi Technologies (NYSE:SOFI) has seen a 24.79% increase in its short percent of float since the last report, with 150.79 million shares sold short, representing 16.51% of all shares available for trading. This indicates a bearish market sentiment towards SOFI, although an increase in short interest can sometimes be bullish. SOFI's short interest is significantly higher than its peer group average of 7.84%.

Portfolio Pulse from Benzinga Insights

February 29, 2024 | 1:30 pm

CAG

Conagra Brands has announced a definitive agreement to sell its 51.8% ownership stake in Agro Tech Foods Limited, marking a significant divestiture for the company.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 1:26 pm

AHT

Ashford Hospitality Trust has entered into an agreement to sell the Hilton Boston Back Bay for $171 million. This move is part of their strategic financial management and asset optimization efforts.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 1:17 pm

VYNE

VYNE Therapeutics reported ending 2023 with $93.3 million in cash, cash equivalents, restricted cash, and marketable securities. This financial position is expected to provide the company with a runway through the end of 2025.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 1:12 pm

ABUS

Arbutus Biopharma announced that its end cash and investments for 2023, totaling $132 million, are expected to provide the company with a cash runway into the first quarter of 2026. This financial stability is crucial for the company's ongoing and future projects.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 12:40 pm

HYFM

Hydrofarm Holdings Group forecasts a decrease in FY24 net sales in the low to teens percentage range, with planned capital expenditures of approximately $4M-$5M.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 12:26 pm

DIA

QQQ

SPY

On February 28th, U.S. stock markets closed lower, with the Dow Jones, S&P 500, and Nasdaq experiencing declines amid anticipation of an inflation update influencing Federal Reserve rate cut predictions. Economic data revealed a slowdown in U.S. annual growth rate and a drop in wholesale inventories. Market expectations for the Fed's rate cut shifted from March to June due to persistent inflation and a strong economy. Asian and European markets mostly saw gains, while commodities like crude oil, gold, and natural gas showed mixed performance. U.S. futures and the forex market also indicated varied movements.

Portfolio Pulse from Akanksha Bakshi

February 29, 2024 | 12:18 pm