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Reddit has disclosed in an SEC filing that it has invested part of its excess cash reserves in Bitcoin and Ether. Additionally, the company has acquired Ether and Matic through sales of certain virtual goods, a practice it may continue in the future.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 8:35 pm

UBER

Recent unusual options activity in Uber Technologies (NYSE:UBER) indicates a bearish sentiment among deep-pocketed investors, despite a divided general mood with 35% bullish and 64% bearish. The activity includes 53 extraordinary options activities, with a price window eyed from $30.0 to $90.0. Significant trades include both bullish and bearish calls with expiration dates in 2025. Uber's current market status shows a 3.98% increase in price at $79.48, with RSI indicators suggesting it may be approaching overbought. Analysts have set an average price target of $83.8, with varying ratings from Buy to Market Outperform.

Portfolio Pulse from Benzinga Insights

February 22, 2024 | 8:30 pm

INDV

Indivior's shares surged following its fourth-quarter earnings report. The company is considering a transition to a primary listing in the U.S. by 2024, initiating shareholder consultations.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 8:30 pm

ANET

Over the past 5 years, Arista Networks (NYSE:ANET) has produced an average annual return of 30.83%, outperforming the market by 18.15% annually. A $1000 investment in ANET 5 years ago would now be worth $3,850.48. Arista Networks currently has a market capitalization of $81.30 billion.

Portfolio Pulse from Benzinga Insights

February 22, 2024 | 8:30 pm

RSG

Over the past 15 years, Republic Services (NYSE:RSG) has delivered an average annual return of 15.97%, turning a $1000 investment into $8,408.88. With a current market capitalization of $57.40 billion, RSG has outperformed the market by 2.27% on an annualized basis.

Portfolio Pulse from Benzinga Insights

February 22, 2024 | 8:30 pm

SPY

Fed's Harker highlighted several positive economic indicators, including signs of the labor market balancing and strong U.S. GDP growth. He supports slowing the contraction of the Fed's balance sheet before stopping it altogether, noting that financial market liquidity is still abundant.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 8:17 pm

ASO

Academy Sports (NYSE:ASO) has seen a decrease in short interest, with 8.49 million shares sold short, representing 21.54% of its float. This is a decline of 5.69% from its last report, requiring 8.08 days on average for traders to cover their short positions. Short interest is a key indicator of market sentiment, and a decrease suggests a more bullish outlook among investors. Compared to its peers, ASO has a higher short interest percentage of 21.54% versus the peer group average of 15.04%.

Portfolio Pulse from Benzinga Insights

February 22, 2024 | 8:15 pm

BLNK

Blink Charging (NYSE:BLNK) has seen a decrease in short interest, now at 33.5% of its float, down 11.23% from the last report. With 19.75 million shares sold short, it would take about 3.22 days to cover all short positions. This decline in short interest could indicate a more bullish sentiment towards BLNK among traders. Compared to its peers, BLNK has a higher short interest percentage, with the average for its peer group at 8.28%.

Portfolio Pulse from Benzinga Insights

February 22, 2024 | 8:15 pm

PG

Smart money investors have shown a mixed sentiment towards Procter & Gamble (NYSE:PG) options, with a slight lean towards bearish positions. Analysis of 11 significant trades reveals a nearly even split between bullish and bearish expectations, though bearish trades slightly outnumber bullish ones. The focus is on a price range between $157.5 and $165.0 for PG, based on recent options trading activity. Procter & Gamble, a leading consumer product manufacturer, has seen its stock price slightly decrease by 0.75% to $159.2. Analysts have set an average price target of $165.4 for PG, with ratings ranging from Hold to Overweight.

Portfolio Pulse from Benzinga Insights

February 22, 2024 | 8:01 pm

BAH

Booz Allen Hamilton (NYSE:BAH) has delivered an average annual return of 21.8% over the past 10 years, outperforming the market by 11.17%. A $100 investment in BAH a decade ago would now be worth $727. The company currently has a market capitalization of $18.98 billion.

Portfolio Pulse from Benzinga Insights

February 22, 2024 | 8:00 pm