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DOGEUSD

Dogecoin (CRYPTO: DOGE) has experienced a 3.02% decrease in price over the last 24 hours, marking a continuation of its 22.0% decline over the past week. The current price is $0.15, down from $0.19. This period has also seen a 17.0% decrease in trading volume and a 0.51% reduction in circulating supply, now at 143.88 billion. Dogecoin's market cap ranking is currently #9, valued at $21.66 billion.

Portfolio Pulse from Benzinga Insights

April 17, 2024 | 7:00 pm

DOGEUSD

SHIBUSD

Meme coins Dogecoin (DOGE) and Shiba Inu (SHIB) experienced a downturn, with DOGE down 2% and SHIB slightly up by 0.2% over the past 24 hours. Despite a rise in Dogecoin's daily active addresses and a high correlation with Bitcoin, which is also down, both coins saw a decrease in large transaction volumes and SHIB's burn rate. However, the long-term outlook remains optimistic with expectations of a peak in the coming months and a notable interest in holding these coins.

Portfolio Pulse from Khyathi Dalal

April 17, 2024 | 6:57 pm

ETCUSD

Ethereum Classic (ETC) experienced a 2.6% drop to $25.67 amid a broader decline in altcoins, influenced by a decrease in Bitcoin's price. Bitcoin's price movements often affect the sentiment in the cryptocurrency market, impacting other cryptocurrencies like Ethereum Classic. Technical similarities and changes between these cryptocurrencies can also influence their market perceptions.

Portfolio Pulse from Henry Khederian

April 17, 2024 | 6:46 pm

EDBL

INVO

LGVN

OTRK

SAGE

USB

VNDA

U.S. Bancorp (NYSE:USB) reported higher than expected Q1 FY24 earnings with a revenue of $6.7 billion and adjusted EPS of 90 cents, beating the consensus of 88 cents. U.S. stocks traded lower, with the Nasdaq Composite down by over 100 points. Utilities shares rose by 1.5%, while information technology shares fell by 1.1%. INVO Bioscience, Edible Garden AG, and Vanda Pharmaceuticals saw significant stock price increases, while Longeveron, Sage Therapeutics, and Ontrak experienced notable declines. Crude oil prices dropped by 3%.

Portfolio Pulse from Avi Kapoor

April 17, 2024 | 6:35 pm

GILD

Gilead Sciences (NASDAQ:GILD) has delivered an average annual return of 11.45% over the past 20 years, turning a $100 investment into $895.61 today. With a current market capitalization of $83.93 billion, GILD's performance highlights the impact of compounded returns on investment growth.

Portfolio Pulse from Benzinga Insights

April 17, 2024 | 6:30 pm

VRT

Vertiv Hldgs (NYSE:VRT) has significantly outperformed the market with an annualized return of 52.13% over the past 5 years, turning a $100 investment into $818.80 today. The company now has a market capitalization of $31.31 billion.

Portfolio Pulse from Benzinga Insights

April 17, 2024 | 6:30 pm

BTCUSD

ETHUSD

Bloomberg analysts predict the newly-approved Bitcoin and Ethereum ETFs in Hong Kong will reach $1 billion in assets within two years, despite China's ban on the underlying assets. The prediction is an upward revision from the initial $500 million estimate, reflecting expected significant interest. Bosera, Harvest, and ChinaAMC are among the firms launching these ETFs, with ChinaAMC expected to make a significant impact. The approval marks a notable development in the digital asset world, with these ETFs being unique for including Ether and using in-kind redemptions.

Portfolio Pulse from Khyathi Dalal

April 17, 2024 | 6:15 pm

EOG

EOG Resources (NYSE:EOG) has seen a 3.07% increase in short percent of float since its last report, with 9.66 million shares sold short, representing 1.68% of available shares. It would take about 3.31 days to cover all short positions. The rise in short interest can indicate a bearish market sentiment towards EOG, but it's also noted that an increase in short interest can sometimes be bullish. EOG has less short interest compared to its peer group average of 7.08%.

Portfolio Pulse from Benzinga Insights

April 17, 2024 | 6:15 pm

KO

Coca-Cola's (NYSE:KO) short interest has increased by 10.71% since the last report, with 26.68 million shares sold short, representing 0.62% of its float. This indicates a bearish market sentiment towards KO, despite its short interest being lower than its peer group average of 7.27%. The article suggests that an increase in short interest does not necessarily predict a near-term price fall but indicates increased bearish sentiment among traders.

Portfolio Pulse from Benzinga Insights

April 17, 2024 | 6:15 pm

CLH

Clean Harbors (NYSE:CLH) has seen a 5.83% increase in short interest since its last report, with 561 thousand shares sold short, representing 1.09% of its float. The short interest now takes approximately 1.94 days to cover. This rise in short interest indicates a more bearish market sentiment towards CLH, although it has less short interest compared to its peers' average of 3.05%. The increase in short interest can be a complex indicator, potentially bullish under certain conditions.

Portfolio Pulse from Benzinga Insights

April 17, 2024 | 6:15 pm