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COIN

Cathie Wood, CEO of ARK Invest, praised Hong Kong's cryptocurrency regulation for its clarity and institutional support, contrasting it with the U.S.'s fragmented regulatory environment. She highlighted the negative impact of the U.S.'s regulatory uncertainty on the crypto industry, including a 'brain drain' to more crypto-friendly jurisdictions. Notably, exchanges like Coinbase Inc. (NASDAQ:COIN) have expanded internationally due to these challenges.

Portfolio Pulse from Murtuza Merchant

April 08, 2024 | 1:03 pm

PPTA

Perpetua Resources' stock is trading higher following the announcement that it has received an indication for up to $1.8 billion in financing from the Export-Import Bank of the United States for its Stibnite Gold Project.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 1:01 pm

ALT

Altimmune (NYSE:ALT) has seen a 15.72% increase in short percent of float, with 12.51 million shares sold short, representing 17.81% of available shares. This indicates a bearish market sentiment towards ALT, although it's not a definitive predictor of stock price movement. Altimmune's short interest is higher than its peer group average of 11.64%.

Portfolio Pulse from Benzinga Insights

April 08, 2024 | 1:00 pm

SFM

Sprouts Farmers Market (NYSE:SFM) has seen a 3.01% increase in its short percent of float, now at 23.61% with 14.59 million shares sold short. This indicates a bearish market sentiment, as it takes nearly 11 days to cover these short positions. Despite this, an increase in short interest can sometimes be bullish, and SFM has a higher short interest than its peer group average of 3.96%.

Portfolio Pulse from Benzinga Insights

April 08, 2024 | 1:00 pm

DFS

Discover Financial Services (NYSE:DFS) has seen a 7.09% increase in its short percent of float since the last report, with 2.96 million shares sold short, representing 1.36% of available shares. This indicates a bearish sentiment among investors, although it's below the peer group average of 8.37%. The short interest suggests caution but doesn't necessarily predict a price drop.

Portfolio Pulse from Benzinga Insights

April 08, 2024 | 1:00 pm

HUM

21 analysts have recently updated their ratings on Humana (NYSE:HUM), showing a diverse range of perspectives from bullish to bearish. The average 12-month price target is now $428.95, a 15.62% decline from the previous average, with adjustments made by analysts from firms including Wells Fargo, Goldman Sachs, and Barclays. Humana's financial performance indicates a revenue growth rate of 17.93% as of December 31, 2023, but challenges in net margin and debt management are noted. The company's focus on government-sponsored programs and healthcare services positions it uniquely in the health insurance sector.

Portfolio Pulse from Benzinga Insights

April 08, 2024 | 1:00 pm

AAPL

BTCUSD

ETHUSD

TSLA

The article covers a range of topics from cryptocurrency trends, including Bitcoin's surge as its halving approaches, to US and world politics, the US economy, tech innovations, electric vehicles, and more. Key highlights include Bitcoin, Ethereum, and Dogecoin's price movements, Ripple CEO's market prediction, and various political and economic developments in the US and globally. It also touches on tech updates like Apple's new initiatives and Tesla's focus on autonomy.

Portfolio Pulse from Akanksha Bakshi

April 08, 2024 | 12:49 pm

MULN

Mullen Automotive, Inc. (MULN) announces significant cost reduction and consolidation measures expected to save approximately $170 million over the next 12 months. The company is focusing on the commercial EV segment, aiming to sell 100 units in April, as part of its strategy to align with current market conditions and drive near-term revenue. These actions include prioritizing commercial programs, integrating engineering centers, and expanding the dealer network, aiming for long-term growth and improved financial results.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 12:43 pm

BTCUSD

XRPUSD

Ripple CEO Brad Garlinghouse predicts the cryptocurrency market cap could reach $5 trillion by 2024, driven by the launch of U.S. spot Bitcoin ETFs and the upcoming Bitcoin halving event. These developments, along with increased institutional investment, are expected to significantly impact the market dynamics. The first U.S. spot Bitcoin ETFs were approved on Jan. 10, and the Bitcoin halving event is set to occur later this month.

Portfolio Pulse from Murtuza Merchant

April 08, 2024 | 12:40 pm

RNXT

RenovoRx has finalized a subscription agreement with accredited investors for an $11.1M private placement at market price, extending its cash runway into 2026. This financing will support the Phase III TIGeR-PaC trial and expand the TAMP clinical development pipeline into more cancer indications.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 12:36 pm