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XRPUSD

XRP (CRYPTO: XRP) has seen a 4.48% increase in price over the last 24 hours, reaching $0.55, continuing a positive trend with a 12.0% gain over the past week from $0.49. Despite a 44.0% drop in trading volume and a slight decrease in circulating supply, XRP's market cap ranks #7 at $30.17 billion.

Portfolio Pulse from Benzinga Insights

April 22, 2024 | 7:00 pm

CSX

CSX Corporation's (NYSE:CSX) short interest has increased by 6.67% since the last report, with 25.09 million shares sold short, representing 1.28% of its available shares. This indicates a bearish market sentiment towards CSX, although it has less short interest compared to its peers' average of 6.45%. The article suggests that an increase in short interest does not necessarily predict a stock price fall.

Portfolio Pulse from Benzinga Insights

April 22, 2024 | 6:30 pm

LLY

Eli Lilly (NYSE:LLY) is acquiring a manufacturing facility from Nexus Pharmaceuticals to expand its parenteral product manufacturing and address the supply-demand gap for its GLP-1 drugs Zepbound and Mounjaro. The facility, located in Pleasant Prairie, Wisconsin, will support increased demand for Lilly's medicines, with production expected to begin by the end of 2025. This move comes as Lilly faces a supply crunch for Zepbound and Mounjaro, with limited supplies expected through the second quarter of this year. Lilly's investments aim to increase production throughout 2024 and beyond, with the drugs expected to be available from a new North Carolina facility in January 2025.

Portfolio Pulse from Vandana Singh

April 22, 2024 | 6:21 pm

ADBE

Adobe's (NYSE:ADBE) short interest has increased by 10.43% since the last report, with 5.69 million shares sold short, representing 1.27% of its float. This indicates a bearish market sentiment, although it's below the peer group average of 4.47%. The coverage time for these short positions is approximately 1.18 days based on trading volume.

Portfolio Pulse from Benzinga Insights

April 22, 2024 | 6:15 pm

YUM

Yum Brands (NYSE:YUM) has seen a 4.98% increase in short percent of float since its last report, with 7.10 million shares sold short, representing 2.53% of available shares. This indicates a bearish market sentiment towards YUM, although it has less short interest compared to its peers' average of 9.49%. The rise in short interest suggests caution but doesn't necessarily predict a price drop.

Portfolio Pulse from Benzinga Insights

April 22, 2024 | 6:15 pm

COP

ConocoPhillips (NYSE:COP) has delivered an average annual return of 15.65% over the past 5 years, outperforming the market by 4.39%. A $1000 investment in COP 5 years ago would be worth $2,030.09 today. The company's market capitalization stands at $152.09 billion.

Portfolio Pulse from Benzinga Insights

April 22, 2024 | 6:01 pm

PGR

Over the past 20 years, Progressive (NYSE:PGR) has produced an average annual return of 12.11%, outperforming the market by 4.34% annually. A $1000 investment in PGR 20 years ago would be worth $9,931.99 today. Progressive's market capitalization currently stands at $125.71 billion.

Portfolio Pulse from Benzinga Insights

April 22, 2024 | 6:01 pm

MSTR

MicroStrategy Incorporated (NASDAQ:MSTR) shares are climbing due to a rise in Bitcoin prices following its fourth halving event. CEO Michael Saylor attributes this to decreased selling pressure, allowing Bitcoin's price to increase. MicroStrategy, holding over 214,000 bitcoins, recently expanded its Bitcoin holdings using a $700 million convertible bond offering. MSTR shares are up 12% at $1,314.75.

Portfolio Pulse from Erica Kollmann

April 22, 2024 | 5:57 pm

AFRM

AXP

BAC

BX

C

COIN

FOUR

GS

MA

V

Today's whale activity in the financials sector shows significant options trading across various stocks, indicating bullish, bearish, and neutral sentiments. Notable trades include bullish calls on BAC, C, COIN, AFRM, and GS, a bearish call on BX, bearish puts on FOUR, neutral trades on MA and V, and a bullish put on AXP. These activities suggest varying investor expectations and could influence short-term stock movements.

Portfolio Pulse from Benzinga Insights

April 22, 2024 | 5:35 pm

AMZN

DKNG

F

SBUX

TSLA

W

Today's session highlighted significant options activity for 10 consumer discretionary stocks, indicating varying sentiments among traders. Notable movements include bearish puts on TSLA and SBUX, bullish calls on DKNG and W, and a mix of sentiments on others like AMZN and F. This activity, tracked by Benzinga's options scanner, suggests traders are actively seeking opportunities based on market anomalies and whale transactions.

Portfolio Pulse from Benzinga Insights

April 22, 2024 | 5:35 pm