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MRVL

Recent unusual options activity in Marvell Tech (NASDAQ:MRVL) has been observed, with a bearish sentiment prevailing among high-rolling investors. Benzinga's options scanner identified 8 trades, showing a split sentiment with 37% bullish and 62% bearish. The focus is on a price band between $67.0 and $80.0. The most significant options trades include both calls and puts, with a bearish sentiment on calls and a single bearish put. Marvell Technology, a leading fabless chip designer, currently trades at $69.74, slightly down with a potential overbought RSI. The next earnings report is due in 13 days.

Portfolio Pulse from Benzinga Insights

February 23, 2024 | 3:01 pm

GILD

Over the past 20 years, Gilead Sciences (NASDAQ:GILD) has produced an average annual return of 12.64%, outperforming the market by 4.93%. A $1000 investment in GILD 20 years ago would be worth $10,727.47 today. Gilead Sciences currently has a market capitalization of $91.60 billion. The key insight is the significant impact of compounded returns on cash growth over time.

Portfolio Pulse from Benzinga Insights

February 23, 2024 | 3:00 pm

SSNC

SS&C Techs Hldgs (NASDAQ:SSNC) has delivered an average annual return of 12.84% over the past 10 years, outperforming the market by 2.22% annually. A $100 investment in SSNC a decade ago would be worth $334.61 today, showcasing the impact of compounded returns on investment growth. SS&C Techs Hldgs currently has a market capitalization of $15.97 billion.

Portfolio Pulse from Benzinga Insights

February 23, 2024 | 3:00 pm

UNIUSD

Uniswap (CRYPTO: UNI) has seen a significant price increase of 48.45% in the last 24 hours, reaching $10.97, despite a 3.0% loss over the past week from $7.42. The coin's all-time high is $44.92. Trading volume has decreased by 27.0% over the past week, with the circulating supply also decreasing by 0.4% to 753.77 million, approximately 75.38% of its max supply. Uniswap's current market cap ranking is #16 at $7.99 billion.

Portfolio Pulse from Benzinga Insights

February 23, 2024 | 3:00 pm

ITT

ITT Inc. (NYSE:ITT) has seen a 9.09% increase in its short percent of float since the last report, with 856 thousand shares sold short, representing 1.2% of available shares. This indicates a bearish sentiment among investors, although it doesn't necessarily predict a near-term price drop. ITT's short interest is below its peer group average of 3.06%, suggesting less bearish sentiment compared to its peers.

Portfolio Pulse from Benzinga Insights

February 23, 2024 | 2:45 pm

WBA

Walgreens Boots Alliance's (WBA) short interest has decreased by 4.99% since the last report, with 34.67 million shares sold short, representing 5.52% of its float. This decline in short interest could indicate a more bullish sentiment among investors towards WBA. The company's short interest is slightly above its peer group average of 5.40%. Short interest is a key indicator of market sentiment, and changes in short interest can provide insights into investor expectations about a stock's future direction.

Portfolio Pulse from Benzinga Insights

February 23, 2024 | 2:45 pm

LULU

Over the past 10 years, Lululemon Athletica (NASDAQ:LULU) has significantly outperformed the market, with an average annual return of 24.09%, turning a $100 investment into $874.97 today. The company's market capitalization currently stands at $57.42 billion.

Portfolio Pulse from Benzinga Insights

February 23, 2024 | 2:30 pm

DAL

Delta Air Lines (NYSE:DAL) has seen a 25% increase in short interest, now at 18.25 million shares or 3.2% of its float, indicating a bearish market sentiment. Despite this, DAL's short interest is below its peer group average of 9.16%, suggesting a relatively stronger position. Short interest is a critical market sentiment indicator, and while an increase can signal bearishness, it can also present bullish opportunities under certain conditions.

Portfolio Pulse from Benzinga Insights

February 23, 2024 | 2:30 pm

BIDU

$1000 invested in Baidu (NASDAQ:BIDU) 15 years ago would now be worth $15,076.42, showcasing an average annual return of 20.45% and outperforming the market by 6.38% on an annualized basis. Baidu's current market capitalization stands at $39.09 billion.

Portfolio Pulse from Benzinga Insights

February 23, 2024 | 2:30 pm

LAZR

Luminar Technologies (NYSE:LAZR) has seen a 10.73% decrease in short interest, now at 27.03% of float with 79.90 million shares shorted. It takes traders approximately 10.59 days to cover these positions. This change may indicate shifting market sentiment towards LAZR, as short interest can reflect investor outlook. LAZR's short interest is significantly higher than its peer group average of 7.27%, suggesting more bearish sentiment compared to its peers.

Portfolio Pulse from Benzinga Insights

February 23, 2024 | 2:30 pm