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VMC

Vulcan Materials (NYSE:VMC) has seen an increase in short interest, now at 1.82 million shares or 1.54% of float, higher than its last report. This represents a 3.36% rise and takes approximately 2.78 days to cover based on trading volume. Short interest is a key indicator of market sentiment, and an increase suggests a more bearish outlook by investors. Vulcan's short interest is above its peer group average of 1.15%, indicating more bearish sentiment compared to its peers.

Portfolio Pulse from Benzinga Insights

February 06, 2024 | 6:15 pm

OPEN

Opendoor Technologies (NYSE:OPEN) has seen a 5.41% increase in its short percent of float since the last report, reaching 13.63% of all shares available for trading. With 74.75 million shares sold short, it would take about 4.06 days to cover all short positions. This rise in short interest indicates a more bearish market sentiment towards OPEN, although it doesn't necessarily predict a near-term price drop. Compared to its peers, OPEN has a higher short interest, suggesting more bearish sentiment than average within its peer group.

Portfolio Pulse from Benzinga Insights

February 06, 2024 | 6:15 pm

BRBR

BellRing Brands (NYSE:BRBR) has seen a decrease in short interest, now at 2.46% of its float, down 18.54% from the last report. With 2.50 million shares sold short, it would take about 1.78 days to cover all short positions. This decline in short interest could indicate a more bullish sentiment towards BRBR compared to its peers, where the average short interest is 6.27%.

Portfolio Pulse from Benzinga Insights

February 06, 2024 | 6:15 pm

MELI

MercadoLibre (NASDAQ:MELI) has seen a bearish trend in options trading, with 66% of trades being bearish and 33% bullish. The major market movers are targeting a price range of $1200 to $2000 for MELI. The largest trades include both bullish puts and bearish calls, indicating mixed expectations. MELI's current trading volume is 406,262, with a price decrease of -4.06%, and it's trading at $1702.62. The company is a major e-commerce player in Latin America, with a wide range of complementary businesses.

Portfolio Pulse from Benzinga Insights

February 06, 2024 | 6:01 pm

CSGP

Over the past 20 years, CoStar Gr (NASDAQ:CSGP) has delivered an average annual return of 16.56%, outperforming the market by 9.02% annually. An initial investment of $100 in CSGP 20 years ago would be worth $2,068.67 today. CoStar Gr currently has a market capitalization of $33.42 billion, highlighting the significant impact of compounded returns over time.

Portfolio Pulse from Benzinga Insights

February 06, 2024 | 6:00 pm

DFS

Discover Financial Services (NYSE:DFS) has delivered an average annual return of 19.57% over the past 15 years, outperforming the market. A $1000 investment in DFS 15 years ago would be worth $15,008.56 today. The company currently has a market capitalization of $26.66 billion.

Portfolio Pulse from Benzinga Insights

February 06, 2024 | 6:00 pm

ETH-USD

On Monday, 4,121.46 Ether (ETH) worth approximately $9M was burned, permanently removing it from circulation. This action is part of the Ethereum blockchain's EIP-1159 upgrade, which introduced a variable base fee for transactions that is burned. The Ethereum network is currently issuing new Ether at a 4% annual rate, expected to decrease with the Ethereum 2.0 upgrade, potentially making ETH a deflationary currency. The net annualized issuance rate for Ether was -2.66% yesterday.

Portfolio Pulse from Benzinga Insights

February 06, 2024 | 6:00 pm

DOV

Dover (NYSE:DOV) has seen a 7.56% increase in its short percent of float, now at 1.85% of all shares available for trading. With 1.99 million shares sold short, it would take about 2.39 days to cover these positions. This rise in short interest indicates a more bearish market sentiment towards Dover, although it has less short interest compared to its peer group average of 3.16%. This information suggests investors are showing increased bearishness but Dover is still performing better in this aspect than most of its peers.

Portfolio Pulse from Benzinga Insights

February 06, 2024 | 5:45 pm

BIDU

Baidu Inc (NASDAQ:BIDU) shares increased by 3.2% to $106.94, likely due to potential Chinese government stimulus measures. Chinese equities, including BIDU, are responding positively to government support pledges after recent declines. The Hang Seng index rose by 4%, with significant gains in other Chinese companies like JD.com and Alibaba. This comes after a reported loss of around $6 trillion in Chinese mainland equity markets over the last three years.

Portfolio Pulse from Henry Khederian

February 06, 2024 | 5:41 pm

GOOG

META

NFLX

ROKU

SNAP

Today's session highlighted significant options activity in the Communication Services sector, with notable movements in stocks like META, GOOG, PUBM, SNAP, NFLX, GOOGL, ROKU, TTD, CMCSA, and NTES. The activity ranged from bullish to bearish sentiments, involving both call and put options across various expiration dates and strike prices. This could indicate potential trading opportunities based on the whales' movements.

Portfolio Pulse from Benzinga Insights

February 06, 2024 | 5:35 pm