Streetbeat News

Assets

SPY

The United States has imported goods worth $323.00 billion, a slight increase from the prior value of $322.70 billion.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 1:32 pm

DOGEUSD

SHIBUSD

SOLUSD

BONK, a new dog-themed token on the Solana blockchain, has surged 80.9% in the past week, reaching a market cap of $497.8 million and becoming the third-largest dog-themed token. Dogecoin (DOGE) and Shiba Inu (SHIB) remain the top two by market cap, with gains of 27.2% and 19.1% respectively. FLOKI and Baby Dogecoin also saw significant gains. The rise of BONK is attributed to the Solana blockchain's efficiency and lower transaction costs, with SOL itself rising by 56% over the last month.

Portfolio Pulse from Murtuza Merchant

December 06, 2023 | 1:25 pm

PLD

Prologis (NYSE:PLD) has seen a decrease in short interest, with the short percent of float dropping 3.82% since the last report. The company has 10.04 million shares sold short, representing 1.26% of available shares, with a cover time of 2.82 days. This decline in short interest may indicate a more bullish sentiment among investors, although it doesn't necessarily predict a near-term price rise. Prologis has a lower short interest compared to its peer group average of 4.45%.

Portfolio Pulse from Benzinga Insights

December 06, 2023 | 1:15 pm

GBNH

Greenbrook TMS Inc. has raised $2.5 million through debt financing, causing its shares to trade higher.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 1:13 pm

HCDI

Harbor Custom Dev (NYSE:HCDI) has seen a 20.81% increase in short interest since the last report, with 45 thousand shares sold short, representing 2.09% of available shares. The short interest ratio is 1.43 days. While an increase in short interest can indicate bearish sentiment, it doesn't necessarily predict a price drop. HCDI has less short interest compared to its peers' average of 8.01%. Short interest can sometimes be a bullish indicator.

Portfolio Pulse from Benzinga Insights

December 06, 2023 | 1:00 pm

SPHR

Sphere Entertainment has announced the pricing of its $225 million offering of convertible senior notes. The company anticipates net proceeds of approximately $217.8 million from the offering.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 12:29 pm

LODE

Comstock Mining Inc. has announced the receipt of early payments related to a mineral exploration lease. This development could indicate a positive cash flow situation and potential for future revenue from the leased properties.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 11:50 am

EU

enCore Energy has secured a $70M deal with Boss Energy to expedite its uranium production plans across South Texas and for the development of projects in Wyoming and on the Wyoming-South Dakota border. The deal is expected to close in February 2024.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 11:10 am

COIN

MARA

Coinbase (NASDAQ:COIN) and Marathon Digital (NASDAQ:MARA) stocks have seen significant increases following the rise in Bitcoin's value, with COIN up 74% in the past month and MARA up 2.83% on a recent Tuesday. When Bitcoin reached $42,000, COIN and MARA stocks rose 5.48% and 8.47%, respectively, from December 1 to December 4. The correlation between COIN and MARA stocks is very high, with a coefficient of determination (R^2) of 1.0.

Portfolio Pulse from Mehab Qureshi

December 06, 2023 | 11:00 am

BTC

ETH

Traders are showing increased interest in Ether (CRYPTO: ETH) over Bitcoin (CRYPTO: BTC), as indicated by derivatives market metrics. Ether futures on the Chicago Mercantile Exchange (CME) have seen a 30% increase in dollar value locked, reaching $711 million, surpassing Bitcoin's 19% growth. Ether futures are trading at a 5% higher premium than Bitcoin, and there's a stronger preference for Ether calls over Bitcoin puts in the options market. This shift occurs despite institutional investors' previous preference for Bitcoin, with 50% of their asset portfolios allocated to Bitcoin in September.

Portfolio Pulse from Benzinga Neuro

December 06, 2023 | 10:57 am