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CUBE

CubeSmart's (NYSE:CUBE) short interest has increased by 9.06% since the last report, with 5.70 million shares sold short, representing 2.89% of its float. The current short interest suggests a bearish market sentiment towards CUBE, although it has less short interest compared to its peers' average of 3.94%. The increase in short interest does not necessarily predict a price drop but indicates heightened short selling activity.

Portfolio Pulse from Benzinga Insights

February 28, 2024 | 3:30 pm

SPY

USO

USA crude oil inventories increased by 4.199 million barrels, exceeding the estimated build of 3.100 million barrels and the previous build of 3.514 million barrels. This indicates a higher than expected increase in oil supply.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 3:30 pm

BTCUSD

Bitcoin's price surpassed $60,000, reaching levels not seen since November 2021, largely due to the introduction of Bitcoin ETFs. The SEC's approval of a spot Bitcoin ETF has sparked renewed interest, with significant community and industry reactions. The upcoming Bitcoin halving event in April 2024 is also generating anticipation, potentially influencing future price movements.

Portfolio Pulse from Murtuza Merchant

February 28, 2024 | 3:22 pm

BAC

Deep-pocketed investors have shown a bearish sentiment towards Bank of America (BAC), with a significant move detected by Benzinga's options scanner. The scanner revealed 13 extraordinary options activities, with a bearish majority of 92%. The options trades suggest a price target range for BAC from $18.0 to $42.0. The largest trades include both puts and calls, with a bearish sentiment even on calls. Bank of America is a major financial institution in the U.S., and despite the bearish outlook from options traders, professional analysts from Oppenheimer and Morgan Stanley have set higher price targets of $50 and $41, respectively.

Portfolio Pulse from Benzinga Insights

February 28, 2024 | 3:16 pm

DOTUSD

Polkadot (CRYPTO: DOT) has seen a price increase of 3.27% in the last 24 hours, reaching $8.48, with a 15% increase over the past week from $7.37. The trading volume for DOT has risen by 47% in the past week, while its circulating supply decreased by 0.21%. Currently, DOT's market cap ranks it 14th at $11.27 billion.

Portfolio Pulse from Benzinga Insights

February 28, 2024 | 3:02 pm

LINKUSD

Chainlink (CRYPTO: LINK) has seen a 4.48% increase in price over the last 24 hours, reaching $19.95. This is part of a 6.0% gain over the past week from $18.28. The coin's all-time high is $52.70. Trading volume has increased by 1.0% over the past week, while the circulating supply decreased by 0.52% to 587.10 million, about 58.71% of its max supply. Chainlink's market cap ranks it #13 at $11.58 billion.

Portfolio Pulse from Benzinga Insights

February 28, 2024 | 3:01 pm

AVGO

Deep-pocketed investors have shown a bearish sentiment towards Broadcom (NASDAQ:AVGO), with unusual options activity detected. Benzinga's options scanner revealed 16 extraordinary activities, with a notable division in sentiment: 25% bullish and 75% bearish. The options target a price range of $600 to $1800 for AVGO over the last 3 months. Current market analysis shows AVGO's price down by -0.55% at $1289.16, with RSI indicators suggesting it may be approaching overbought. Analysts have set an average price target of $1382.5, with varying ratings from Buy to Overweight.

Portfolio Pulse from Benzinga Insights

February 28, 2024 | 3:01 pm

MRVL

Over the past 15 years, Marvell Tech (NASDAQ:MRVL) has produced an average annual return of 15.78%, outperforming the market. A $1000 investment in MRVL 15 years ago would be worth $8,934.04 today. Marvell Tech's market capitalization currently stands at $58.54 billion.

Portfolio Pulse from Benzinga Insights

February 28, 2024 | 3:00 pm

V

Over the past 15 years, Visa (NYSE:V) has significantly outperformed the market, with an annualized return of 22.56%, turning a $1000 investment into $20,423.58. Visa's current market capitalization stands at $571.42 billion.

Portfolio Pulse from Benzinga Insights

February 28, 2024 | 3:00 pm