Streetbeat News

Assets

ETH-USD

On Tuesday, 7,886.89 Ether (ETH) worth approximately $22.9 million was burned, permanently removing it from circulation. This action follows the Ethereum blockchain's EIP-1159 upgrade implemented on August 5th, 2021, which introduced a variable base fee for transactions that is burned. The current issuance rate of new Ether is 4% annually, expected to decrease to 0.5-1% with the Ethereum 2.0 upgrade, potentially making ETH a deflationary currency. The net annualized issuance rate for Ether was -8.53% yesterday.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 6:00 pm

HES

XOM

Exxon Mobil is considering the initiation of offshore natural gas production in Guyana, with plans potentially starting after 2029. This move could mark a significant expansion of Exxon's operations in the region, where it has already established a strong presence in oil production.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 5:56 pm

ARKB

ARKK

COIN

SARK

TARK

Coinbase (NASDAQ:COIN) experienced a significant Bitcoin withdrawal, leaving it with its lowest reserve since 2015. Despite this, the company's financials remain strong, with a positive net income and EBITDA. Cathie Wood's ARK Innovation ETF (NYSE:ARKK) holds COIN as its largest asset, and the ARK 21Shares Bitcoin ETF (NYSE:ARKB) was among the first of its kind. The AXS 2X Innovation ETF (NASDAQ:TARK) and AXS Short Innovation Daily ETF (NASDAQ:SARK) offer leveraged and inverse exposure to ARKK, respectively.

Portfolio Pulse from Johnny Rice

February 21, 2024 | 5:49 pm

ENTG

Entegris (NYSE:ENTG) has seen a 7.89% increase in short interest since its last report, with 5.66 million shares sold short, representing 4.24% of its float. The current short interest suggests a bearish market sentiment, although it's lower than the peer group average of 6.82%. The article highlights the importance of tracking short interest as an indicator of market sentiment and compares Entegris's short interest against its peers.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 5:45 pm

FSLY

Fastly's (NYSE:FSLY) short interest has increased by 6.89% since the last report, with 7.91 million shares sold short, representing 6.52% of its float. This indicates a bearish market sentiment towards FSLY, although it's higher than its peer group average of 5.65%. The article suggests that an increase in short interest doesn't necessarily predict a price drop.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 5:45 pm

HWM

Howmet Aerospace (NYSE:HWM) has seen a 33.33% increase in its short percent of float since the last report, with 4.82 million shares sold short, representing 1.48% of available shares. This indicates a bearish sentiment among investors, although it's not a definitive predictor of stock price movement. Howmet's short interest is below its peer group average of 2.99%, suggesting less bearish sentiment compared to its peers.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 5:45 pm

ABNB

AMZN

BABA

CHWY

CZR

DASH

NKE

TCOM

TSLA

WING

Today's session highlighted unusual options activity for 10 consumer discretionary stocks, indicating potential trading opportunities. The activity includes both bullish and bearish sentiments across various companies like TSLA, NKE, AMZN, and others, with details on trade types, sentiments, expiration dates, and volumes.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 5:35 pm

AAPL

AMD

MARA

MSFT

NVDA

Today's session highlighted significant options activity for 10 Information Technology stocks, indicating potential trading opportunities based on whale alerts. These alerts track large transactions and divergences in market estimations of option values. Notable activities include bullish calls on NVDA and MU, bullish puts on AMD and SMCI, and bearish calls on MARA, ARM, AAPL, MSFT, and ZS. The activity suggests varied investor sentiment across these stocks, with specific details on trade types, sentiments, expiration dates, strike prices, and volumes.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 5:35 pm

MARA

Financial analysis of Marathon Digital Holdings (NASDAQ:MARA) options trading reveals a bullish sentiment among traders, with 57% bullish and 42% bearish. The analysis highlighted unusual trades, including 6 puts and 13 calls, with a focus on a price window from $10.0 to $45.0. Notable options activity includes both bullish and bearish trades with varying expiration dates and strike prices. Marathon Digital Holdings, a company specializing in mining digital assets, has seen its stock price decrease by -6.57%, with an upcoming earnings announcement in 7 days.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 5:31 pm

BJ's Wholesale Club (NYSE:BJ) has significantly outperformed the market over the past 5 years, with an annualized return of 22.1%, turning a $100 investment into $270.21 today. The company's market capitalization stands at $9.16 billion.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 5:30 pm