Streetbeat News

Assets

GS

Goldman Sachs is exiting the robo-investing sector for the general public by striking a deal with Betterment, which will acquire clients and assets from Goldman's Marcus Invest platform. Despite this move, Goldman Sachs remains committed to expanding its Marcus savings-account product.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 4:09 pm

MS

Over the past 10 years, Morgan Stanley (NYSE:MS) has produced an average annual return of 11.58%, outperforming the market by 1.37% annually. A $100 investment in MS a decade ago would now be worth $304.50. The company's current market capitalization stands at $148.54 billion.

Portfolio Pulse from Benzinga Insights

April 22, 2024 | 4:01 pm

GLBE

Global E Online (NYSE:GLBE) has seen a 30.49% increase in short interest, now at 8.36 million shares or 8.73% of float, taking 9.49 days to cover. This rise indicates a bearish market sentiment, though it's below its peer group average of 8.97% short interest. Short interest can be a bullish or bearish indicator, depending on market reactions and investor strategies.

Portfolio Pulse from Benzinga Insights

April 22, 2024 | 4:00 pm

ANET

Arista Networks (NYSE:ANET) has seen significant options trading activity, with a bullish sentiment from the majority of investors. Analysis of 11 trades shows a preference for puts over calls, with a total investment of $382,526. Whales are targeting a price range of $165 to $300 for ANET, based on volume and open interest metrics. The company, a provider of networking equipment, counts major firms like Microsoft and Meta Platforms among its customers. Currently, ANET's stock is down by -2.12% at $240.87, with an RSI indicating potential oversold conditions. Analysts have mixed views, with target prices ranging from $210 to $315.

Portfolio Pulse from Benzinga Insights

April 22, 2024 | 3:31 pm

DG

Dollar General's (NYSE:DG) short interest has increased by 13.24% since the last report, with 6.32 million shares sold short, representing 3.25% of its float. It would take approximately 3.38 days to cover these short positions. The rise in short interest can indicate a bearish market sentiment towards DG, but it's also noted that an increase in short interest can sometimes be bullish. DG's short interest is slightly above its peer group average of 3.23%.

Portfolio Pulse from Benzinga Insights

April 22, 2024 | 3:15 pm

SPG

Simon Property Group (NYSE:SPG) has seen a 14.35% increase in short interest, now at 4.63 million shares or 2.47% of float, with a 3.13-day average to cover. This rise in short interest can indicate a bearish market sentiment, though it's lower than its peer group average of 5.32%. Short interest can be a complex indicator, potentially bullish under certain conditions.

Portfolio Pulse from Benzinga Insights

April 22, 2024 | 3:15 pm

RNDRUSD

Render's cryptocurrency (RNDR) has seen a 5.65% increase in price over the last 24 hours, reaching $9.27. This is part of a positive trend over the past week, with a 4.0% gain from $8.99. Despite a 61.0% decrease in trading volume over the week, its market cap ranks #31 at $3.57 billion. The circulating supply has slightly decreased to 384.47 million, which is 72.26% of its max supply.

Portfolio Pulse from Benzinga Insights

April 22, 2024 | 3:03 pm

LINKUSD

Chainlink (CRYPTO: LINK) has seen a 3.51% increase in price over the last 24 hours, reaching $15.31, and a 10% gain over the past week from $13.94. Despite a 32% drop in trading volume and a slight decrease in circulating supply to 587.10 million, LINK's market cap is now $9.00 billion, ranking it #18. The volatility and price movement are illustrated with Bollinger Bands in the provided chart.

Portfolio Pulse from Benzinga Insights

April 22, 2024 | 3:02 pm

DOTUSD

Polkadot (CRYPTO: DOT) has seen a 4.77% increase in price over the last 24 hours, reaching $7.42, continuing an 8.0% gain over the past week from $6.84. Despite a 45.0% decrease in trading volume over the week, its market cap ranks #15 at $10.08 billion. The coin's all-time high is $54.98.

Portfolio Pulse from Benzinga Insights

April 22, 2024 | 3:02 pm

GS

Over the past 5 years, Goldman Sachs Gr (NYSE:GS) has produced an average annual return of 15.0%, outperforming the market by 3.88% on an annualized basis. A $1000 investment in GS 5 years ago would now be worth $2,028.15, showcasing the impact of compounded returns on investment growth. Goldman Sachs currently has a market capitalization of $132.54 billion.

Portfolio Pulse from Benzinga Insights

April 22, 2024 | 3:01 pm