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INTC

Recent unusual options activity in Intel (NASDAQ:INTC) suggests a divided sentiment among deep-pocketed investors, with 46% bullish and 53% bearish. The activity focuses on a price range between $30.0 and $50.0. Notable trades include both puts and calls with varying sentiments and strike prices. Intel's current market position shows a slight decrease in stock price, with an RSI indicating potential oversold conditions. Analyst ratings in the last 30 days present a mixed outlook, with an average price target of $50.4.

Portfolio Pulse from Benzinga Insights

April 05, 2024 | 2:31 pm

SPY

A magnitude 5.5 earthquake has struck the Greater New York Area, NJ, according to Reuters citing the EMSC. This event may have implications for the stock market, particularly affecting the SPDR S&P 500 ETF Trust (SPY), as investors react to potential impacts on businesses and infrastructure in the region.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 2:28 pm

MDIA

MediaCo Holding Inc. (NASDAQ:MDIA) shares surged after an SEC filing revealed Standard General L.P. holds a 95.2% stake. The stock's heavy trading volume and high short interest contribute to its volatility. Year to date, MDIA shares have soared 289.85%, significantly outperforming historical averages. The stock's RSI of 93.41 suggests overbought conditions, indicating potential for future price adjustments.

Portfolio Pulse from Erica Kollmann

April 05, 2024 | 2:27 pm

CG

Carlyle Group's (NYSE:CG) short interest has decreased by 3.56%, now standing at 16.43 million shares or 7.85% of its float. This decline in short interest, which now requires an average of 6.38 days to cover, could indicate a shift in market sentiment towards the stock. Despite this, it's not a direct predictor of a price increase. Compared to its peers, CG has a higher short interest percentage of float, with the average for its peer group being 2.48%.

Portfolio Pulse from Benzinga Insights

April 05, 2024 | 2:15 pm

APP

AppLovin (NYSE:APP) has seen a 22.11% increase in its short percent of float since the last report, with 22.12 million shares sold short, representing 15.08% of available shares. This indicates a bearish market sentiment towards APP, as it takes traders approximately 5.23 days to cover their short positions. Compared to its peers, AppLovin has a significantly higher short interest, with the peer group average at 3.58%.

Portfolio Pulse from Benzinga Insights

April 05, 2024 | 2:15 pm

BYND

HYG

LQD

The U.S. corporate bond market showed mixed performance in Q1 2024, with high-grade bonds slightly down and high-yield bonds up, as indicated by LQD and HYG ETFs respectively. Top performers included bonds from Macy's, Ally Financial, and Beyond Meat, with Beyond Meat's bonds notably outperforming its shares due to improved revenue and cost-cutting measures.

Portfolio Pulse from Piero Cingari

April 05, 2024 | 2:09 pm

LHX

L3Harris Technologies Inc (NYSE:LHX) is selling its antenna and related businesses to an affiliate of Kanders & Company, Inc. for $200 million, aligning with its strategy to refine its portfolio by divesting non-core assets. The deal includes $175 million in cash and a $25 million seller note, with proceeds expected to be used in line with the company's capital allocation plans. The divested assets are part of the Space & Airborne Systems segment and employ about 375 people. The transaction is anticipated to close this quarter, pending customary closing conditions and regulatory approvals. LHX shares dropped 1.45% to $206.54 following the announcement.

Portfolio Pulse from Shivani Kumaresan

April 05, 2024 | 2:09 pm

CIVI

Civitas Resources (NYSE:CIVI) has received mixed analyst ratings over the past quarter, with a recent shift towards more bullish sentiments. The average 12-month price target for CIVI has been raised to $95.67, indicating a positive outlook. Analysts from firms like Mizuho, Piper Sandler, Truist Securities, and Keybanc have adjusted their ratings and price targets, reflecting dynamic market conditions and Civitas Resources's performance. The company, engaged in oil and gas exploration in the Rocky Mountain region, has shown impressive revenue growth of 38.38% as of December 31, 2023, but faces challenges in profitability and debt management.

Portfolio Pulse from Benzinga Insights

April 05, 2024 | 2:01 pm

MET

Six financial analysts have recently updated their ratings and price targets for MetLife (NYSE:MET), showing a mix of bullish and bearish perspectives. The average 12-month price target has been raised to $82.83 from $80.00, indicating a positive sentiment shift. MetLife's financial performance is strong, with significant revenue growth, impressive net margin, and effective debt management. The company's market capitalization and financial metrics like ROE and ROA exceed industry averages, highlighting its market strength and efficient capital utilization.

Portfolio Pulse from Benzinga Insights

April 05, 2024 | 2:01 pm

CWST

Casella Waste Systems (CWST) has seen a 9.51% increase in short interest since its last report, with 1.63 million shares sold short, representing 2.88% of its float. This indicates a bearish sentiment among investors, although it's below the peer group average of 3.37%. The article suggests monitoring short interest as it can reflect market sentiment and potentially impact stock performance.

Portfolio Pulse from Benzinga Insights

April 05, 2024 | 2:00 pm