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CDTX

JNJ

Cidara Therapeutics reacquires global rights to CD388 from Johnson & Johnson for $85M and announces a $240M private placement financing led by RA Capital Management. The financing, with significant contributions from Bain Capital Life Sciences, BVF Partners, and Canaan Partners, will fund the Phase 2b trial of CD388, a universal preventative against influenza A and B. The reacquisition and financing are seen as transformational for Cidara, with CD388 positioned as a key asset in its pipeline.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 8:47 pm

RTX

RTX's short interest has decreased by 14.43% since the last report, with 34.63 million shares sold short, representing 2.61% of its float. This decline in short interest could indicate a more bullish sentiment towards RTX among traders. RTX's short interest is slightly above its peer group average of 2.39%. Short interest is a key indicator of market sentiment, and a decrease suggests that investors may be becoming more optimistic about the stock's future performance.

Portfolio Pulse from Benzinga Insights

April 24, 2024 | 8:45 pm

HTZ

Hertz Global Holdings (NYSE:HTZ) has seen a 3.56% increase in its short percent of float since the last report, with 25.52 million shares sold short, representing 20.96% of its available trading shares. This indicates a bearish market sentiment, although it doesn't necessarily predict a near-term price drop. Hertz's short interest is significantly higher than its peer group average of 6.79%, suggesting more bearish sentiment towards HTZ compared to its peers.

Portfolio Pulse from Benzinga Insights

April 24, 2024 | 8:45 pm

WTI

W&T Offshore (NYSE:WTI) has seen a 16.2% decrease in short interest, now at 19.54 million shares or 19.97% of its float, taking 8.56 days on average to cover. This decline in short interest could indicate a more bullish sentiment towards WTI compared to its peers, where the average short interest is 3.46% of float.

Portfolio Pulse from Benzinga Insights

April 24, 2024 | 8:45 pm

RJF

Raymond James Financial announced it is well positioned with client assets and ample capital to support business growth entering the back half of the fiscal year. This indicates a strong financial standing and potential for future expansion.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 8:28 pm

DGX

Quest Diagnostics (NYSE:DGX) has seen a 16.83% decrease in short interest, now at 2.55 million shares or 2.62% of float, with a 3.49-day average to cover. This decline in short interest could indicate a more bullish sentiment towards DGX compared to its peers, where the average short interest as a percentage of float is 10.14%.

Portfolio Pulse from Benzinga Insights

April 24, 2024 | 7:45 pm

KKR

KKR & Co. has successfully raised $11 billion for its latest global infrastructure fund, KKR Global Infrastructure Investors V, surpassing half of its $20 billion target. The fundraising began in November, and the firm is yet to announce its first close on the fund.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 7:44 pm

ETH-USD

Crypto influencer 'ethereanvibin' called off his wedding due to his fiancée's disapproval of his Ethereum obsession, emphasizing Ethereum's importance over personal relationships. Despite a 3.1% drop in ETH price to $3,125, 81% of Ethereum holders remain profitable. The crypto community reacted positively, highlighting the prioritization of crypto investments. Additionally, Polymarket predicts a low chance of spot Ethereum ETF approval by the SEC, reflecting regulatory challenges.

Portfolio Pulse from Khyathi Dalal

April 24, 2024 | 7:39 pm

BTCUSD

Bitcoin is experiencing a decrease in its trading value due to volatility that has followed the recent halving event.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 7:36 pm

NOC

The U.S. State Department has approved a potential sale to Poland of advanced anti-radiation guided missiles, valued at approximately $1.275 billion. This move signifies a significant step in military cooperation and defense capabilities enhancement between the United States and Poland.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 7:16 pm