Streetbeat News

Assets

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

DIT

AMCON Distributing Company (NYSE:DIT) has acquired a new distribution facility in Colorado City, Colorado, marking a significant expansion of its operations. The facility, spanning 249,200 square feet on 38 acres, will enhance AMCON's service in the Rocky Mountain, Intermountain, and Southwest regions. The company plans to invest further in the facility to expand its frozen and refrigerated capabilities, supporting its foodservice initiatives. The move aligns with AMCON's strategic growth objectives and aims to bolster its distribution capabilities across several states.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 2:16 pm

AULT

Ault Alliance's subsidiary, Sentinum, is planning to expand the capacity of its Michigan facility to up to 300 megawatts. Additionally, there are plans for the expansion of the Montana sites.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 2:05 pm

RS

Over the past 5 years, Reliance (NYSE:RS) has outperformed the market with an annualized return of 28.79%, turning a $100 investment into $352.20 today. The company's market capitalization stands at $18.29 billion.

Portfolio Pulse from Benzinga Insights

February 23, 2024 | 2:00 pm

FRPT

Freshpet (NYSE:FRPT) has seen a decrease in short interest, with 6.16 million shares sold short, representing 12.89% of its float. This is a decline of 6.19% from its last report, indicating a potential shift in market sentiment towards the stock. The current short interest suggests a more bullish outlook, as it takes traders approximately 15.29 days to cover their short positions. Freshpet's short interest is significantly higher than its peer group average of 4.80%, suggesting it has more bearish sentiment compared to its peers.

Portfolio Pulse from Benzinga Insights

February 23, 2024 | 2:00 pm