Streetbeat News

Assets

DE

Deere & Company's (NYSE:DE) short interest has decreased by 10.09% since the last report, with 2.71 million shares sold short, representing 0.98% of its float. The current short interest suggests a bullish sentiment among investors, as it takes approximately 1.74 days to cover all short positions. Deere's short interest is lower than its peer group average of 3.38%, indicating relatively less bearish sentiment compared to its peers.

Portfolio Pulse from Benzinga Insights

April 03, 2024 | 7:45 pm

LUNR

Intuitive Machines (NYSE:LUNR) has seen a 21.93% increase in short interest, now at 3.02 million shares or 39.37% of float. This is significantly higher than its peer average of 10.24%. Short interest can indicate market sentiment, and while an increase suggests bearishness, it can also be a bullish signal under certain conditions.

Portfolio Pulse from Benzinga Insights

April 03, 2024 | 7:45 pm

COIN

Crypto VC firm Paradigm, co-founded by Coinbase Global Inc. (NASDAQ:COIN) co-founder Fred Ehrsam, is reportedly raising a new fund between $750 million and $850 million. This follows a period of increased fundraising activity in the crypto sector, despite Paradigm's recent challenges, including a leadership shift and involvement in a class-action lawsuit related to its investment in FTX. The firm continues to invest in the crypto industry, with significant investments like in Merkle Manufactory.

Portfolio Pulse from Murtuza Merchant

April 03, 2024 | 7:33 pm

X

United States Steel (NYSE:X) has delivered an average annual return of 18.75% over the past 5 years, outperforming the market by 6.22%. A $1000 investment in X 5 years ago would be worth $2,125.38 today. The company currently has a market capitalization of $9.43 billion.

Portfolio Pulse from Benzinga Insights

April 03, 2024 | 7:31 pm

GME

Over the past 5 years, GameStop (NYSE:GME) has outperformed the market with an annualized return of 23.24%, averaging 35.76% annually. A $100 investment in GME 5 years ago would now be worth $455.61. GameStop's current market capitalization stands at $3.45 billion.

Portfolio Pulse from Benzinga Insights

April 03, 2024 | 7:31 pm

EXK

GATO

HL

HYMC

WPM

Shares of precious metals stocks, including EXK, GATO, HL, HYMC, and WPM, are trading higher due to recent increases in gold and silver prices.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 7:08 pm

HERTF

Heritage Cannabis Holdings Corp. (HERTF) announced it has sought creditor protection under the Companies Creditors Arrangement Act, due to financial difficulties. The company has entered into agreements to sell its real estate properties, aiming to reduce its term debt by approximately 64%. Despite a slight decrease in fourth-quarter revenue, Heritage reported a significant increase in gross margin. However, its shares plunged 76.67% following the announcement.

Portfolio Pulse from Jelena Martinovic

April 03, 2024 | 7:06 pm

COREUSD

Cryptocurrency Core (CRYPTO: CORE) experienced a significant drop of 12.49% in the last 24 hours, now priced at $2.94, despite a 197.0% increase over the past week. Trading volume surged by 890.0%, and the circulating supply rose by 0.72% to 876.96 million, representing 41.76% of its max supply. Core's market cap ranks #49 at $2.56 billion.

Portfolio Pulse from Benzinga Insights

April 03, 2024 | 7:04 pm

BTCUSD

Cathie Wood of Ark Invest attributes the recent Bitcoin rally to a 'flight to safety' amid global currency devaluations, such as in Nigeria, Egypt, and Argentina. She highlights the overlooked aspect of currency devaluation driving demand for Bitcoin, alongside the approval of spot Bitcoin ETFs. Wood remains bullish on Bitcoin, predicting its price could reach $3.8 million by 2030 if institutions allocate around 5% of their portfolios to it. The upcoming Bitcoin halving event and a new report from Ark Invest are anticipated to further influence Bitcoin's value.

Portfolio Pulse from Adam Eckert

April 03, 2024 | 7:03 pm