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MSTR

Michael Saylor, executive chairman of MicroStrategy Inc (NASDAQ:MSTR), remains bullish on Bitcoin, emphasizing a long-term 'buy and hold' strategy. He views ETFs as a gateway for institutional capital into Bitcoin, predicting this will benefit the Bitcoin ecosystem and MicroStrategy's leveraged strategy. Saylor sees Bitcoin as the ultimate exit strategy and a superior store of value, predicting capital will shift from traditional assets to Bitcoin.

Portfolio Pulse from Murtuza Merchant

February 20, 2024 | 8:16 pm

WEX

WEX Inc. (NYSE:WEX) has seen a 23.23% increase in short interest since its last report, with 515 thousand shares sold short, representing 1.22% of its float. This indicates a bearish market sentiment, although it's below the peer group average of 5.22%. The coverage time for these short positions is approximately 1.79 days based on trading volume.

Portfolio Pulse from Benzinga Insights

February 20, 2024 | 7:15 pm

ISRG

Intuitive Surgical's (NYSE:ISRG) short interest has increased by 8.97% since the last report, with 2.97 million shares sold short, representing 0.85% of its float. It would take 1.41 days on average to cover these short positions. The rise in short interest can indicate a bearish market sentiment towards ISRG, although it has less short interest compared to its peers' average of 3.93%. This situation doesn't necessarily predict a price drop but suggests increased short selling activity.

Portfolio Pulse from Benzinga Insights

February 20, 2024 | 7:15 pm

APP

AppLovin (NYSE:APP) has seen an 8.54% increase in its short percent of float since the last report, with 15.83 million shares sold short, representing 11.69% of available shares. This indicates a bearish market sentiment towards APP, although it doesn't necessarily predict a price drop. AppLovin's short interest is significantly higher than its peer group average of 2.62%, suggesting more bearish sentiment compared to its peers.

Portfolio Pulse from Benzinga Insights

February 20, 2024 | 7:15 pm

ATOMUSD

Cosmos Hub's cryptocurrency, ATOM, has seen a 3.6% decrease in price over the last 24 hours, continuing a week of negative trend with a slight 0.0% loss. The trading volume and circulating supply have also decreased, with the market cap ranking at #27.

Portfolio Pulse from Benzinga Insights

February 20, 2024 | 7:03 pm

RIO

Rio Tinto PLC (NYSE:RIO) is facing investor scrutiny as it prepares to release its full-year 2023 earnings on Feb. 21, amid a share price dip of over 11% year-to-date and allegations of water pollution in Mongolia and Madagascar. Despite these challenges, the company's diversified commodity portfolio, strategic assets, and optimistic iron ore price outlook could present a value opportunity. However, the technical setup appears bearish, with mixed signals from moving averages and a neutral consensus analyst rating with a price target of $6.45.

Portfolio Pulse from Surbhi Jain

February 20, 2024 | 7:02 pm

UNIUSD

Uniswap's (CRYPTO: UNI) price has decreased by 3.03% in the last 24 hours to $7.38, despite an 11.0% uptrend over the past week. The trading volume for UNI has increased by 44.0%, while the circulating supply decreased by 0.08%, bringing it to 753.77 million. UNI's market cap ranks #20 at $5.57 billion.

Portfolio Pulse from Benzinga Insights

February 20, 2024 | 7:02 pm

LTCUSD

Litecoin (CRYPTO: LTC) has seen a decrease of 3.17% in the last 24 hours, bringing its price down to $68.93, despite a 1.0% gain over the past week. The trading volume and circulating supply have also decreased, with the current market cap ranking at #22.

Portfolio Pulse from Benzinga Insights

February 20, 2024 | 7:02 pm

NVOS

Novo Integrated Sciences has been granted a limited waiver related to its $70M promissory note under the Securities Purchase Agreement. This waiver specifically exempts the company from any non-compliance issues tied to the Nasdaq's Minimum Bid Price Requirement Rule.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 7:01 pm

ADAUSD

Cardano (ADA) experienced a 3.3% price decrease over the past 24 hours, falling to $0.60, despite an 11.0% increase over the past week from $0.54. The trading volume for ADA rose by 46.0%, while its circulating supply decreased by 0.26%, bringing it to 35.14 billion. ADA's market cap ranking is currently #9 at $21.27 billion.

Portfolio Pulse from Benzinga Insights

February 20, 2024 | 7:01 pm