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Grayscale Digital Large Cap Fund has liquidated all its Cardano (ADA) holdings, causing ADA to tumble 10% over the week. The fund, with $579 million in assets, had 1.62% of its portfolio in ADA. It has added Avalanche (AVAX) and Ripple (XRP) to its portfolio, now comprising Bitcoin, Ethereum, Solana, XRP, and Avalanche. Despite a drop in ADA's price, a significant portion of holders remain profitable, and the project continues to develop, with a weekly report highlighting milestones.

Portfolio Pulse from Khyathi Dalal

April 05, 2024 | 8:42 pm

SE

Recent options trading activity indicates a bearish stance on Sea (NYSE:SE) by large investors, with 58% of detected trades being bearish. The trading volume and open interest suggest a price window of $25.0 to $60.0 for Sea. Significant trades include both puts and calls with varying sentiments and strike prices. Sea, known for its e-commerce platform Shopee and gaming business Garena, has seen its stock price increase by 3.44% to $55.27. An analyst from Bernstein maintains an Outperform rating with a target price of $70.

Portfolio Pulse from Benzinga Insights

April 05, 2024 | 8:30 pm

MS

Morgan Stanley (NYSE:MS) has seen a surge in options activity, with a bullish sentiment from investors. Analysis of 9 trades shows a preference for a price range between $72.5 and $97.5. Significant trades include both bullish and bearish sentiments, with a notable volume and open interest in options. Morgan Stanley, a global investment bank with over $4 trillion in client assets, has its stock slightly up by 0.21% at $92.47. Analyst ratings suggest a consensus target price of $96.8, with varying recommendations from hold to outperform.

Portfolio Pulse from Benzinga Insights

April 05, 2024 | 8:30 pm

AG

GDX

NEM

Gold prices soared to record highs above $2,300 per ounce, marking its sixth week of gains in the past seven, with a 4% rally despite potential delays in anticipated rate cuts by the Fed. The VanEck Gold Miners ETF (GDX) and Newmont Corp. (NEM) experienced significant gains, with GDX reaching 11-month highs and NEM recording its best week in 13 months. Other mining stocks also saw substantial increases, with First Majestic Silver Corp. (AG) leading the pack.

Portfolio Pulse from Piero Cingari

April 05, 2024 | 8:19 pm

SNOW

Benzinga's options scanner revealed significant bullish activity in Snowflake (NYSE:SNOW) options, with 37 unusual trades indicating a split sentiment of 59% bullish and 40% bearish. The trades suggest an expected price window of $100.0 to $250.0 for SNOW. The largest trades include bullish and bearish calls and puts with varying strike prices and expiration dates. Snowflake's current trading volume is 4,998,697, with a price increase of 1.67% to $153.86, and its RSI indicates it may be approaching oversold territory. An earnings announcement is expected in 47 days.

Portfolio Pulse from Benzinga Insights

April 05, 2024 | 8:15 pm

SLB

Investors have shown a bearish stance on Schlumberger (NYSE:SLB), with options trading indicating a split sentiment of 42% bullish and 57% bearish. Significant options activity has been detected, with a focus on a price band between $25.0 and $57.5. Schlumberger, the world's largest oilfield service firm, is currently trading at $54.5, with an anticipated earnings release in 14 days.

Portfolio Pulse from Benzinga Insights

April 05, 2024 | 8:01 pm

COF

Capital One Financial (NYSE:COF) has seen a 12.77% increase in its short percent of float since the last report, with 11.94 million shares sold short, representing 3.18% of available shares. This indicates a bearish sentiment among investors, although it's below the peer group average of 8.29%. The rise in short interest doesn't necessarily predict a near-term price drop.

Portfolio Pulse from Benzinga Insights

April 05, 2024 | 7:45 pm

TOP

TOP Finl Gr (NYSE:TOP) has seen an 11.56% increase in short interest, now at 8.78% of its float, indicating a bearish market sentiment. Despite this, higher short interest compared to its peers (6.61%) could be bullish, as it suggests potential for a short squeeze.

Portfolio Pulse from Benzinga Insights

April 05, 2024 | 7:45 pm

GOLD

Barrick Gold Corporation (NYSE:GOLD) shares have risen over 7% in the past five days, buoyed by the record high gold prices reaching $2,330.50 per ounce. The company's expansion includes mines and projects across 18 countries and a new concession request in Puno, Peru. Trading volume for GOLD has significantly exceeded its 100-day average, indicating heightened investor interest.

Portfolio Pulse from Erica Kollmann

April 05, 2024 | 7:37 pm

CRH

CRH has acquired BoDean Company Inc. and Northgate Ready Mix, LLC, marking its first entry into the California market. These acquisitions add significant resources to CRH's Materials Solutions business, including two aggregates quarries, two ready mixed concrete plants, one asphalt plant, and one recycle plant, enhancing its offerings in Northern California. The move is part of CRH's strategy to capitalize on the construction market in California, one of the largest in the U.S., and to provide integrated solutions to customers with a focus on quality, innovation, and sustainability.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 7:13 pm