Streetbeat News

Assets

SPGI

Over the past decade, S&P Global (NYSE:SPGI) has significantly outperformed the market, yielding an average annual return of 18.43%. A $1000 investment in SPGI 10 years ago would now be worth $5,535.85. The company currently boasts a market capitalization of $135.27 billion, highlighting its substantial growth and the impact of compounded returns over time.

Portfolio Pulse from Benzinga Insights

March 27, 2024 | 2:00 pm

PRU

Prudential Financial's (NYSE:PRU) short interest has decreased by 5.29% since the last report, with 5.77 million shares sold short, representing 1.61% of its float. This decrease in short interest could indicate a more bullish sentiment towards PRU among traders. The company's short interest is below its peer group average of 2.18%, suggesting a relatively positive outlook compared to its peers.

Portfolio Pulse from Benzinga Insights

March 27, 2024 | 2:00 pm

IR

Ingersoll Rand (NYSE:IR) has delivered an impressive average annual return of 27.79% over the past 5 years, outperforming the market by 15.02%. A $1000 investment in IR 5 years ago would now be worth $3,391.63. The company currently boasts a market capitalization of $38.10 billion.

Portfolio Pulse from Benzinga Insights

March 27, 2024 | 2:00 pm

DD

DuPont de Nemours (NYSE:DD) has seen an 86.96% increase in its short percent of float since the last report, with 10.70 million shares sold short, representing 2.58% of its available trading shares. This indicates a bearish market sentiment, although it's below the peer group average of 3.75%. The article suggests that an increase in short interest doesn't necessarily predict a stock price fall.

Portfolio Pulse from Benzinga Insights

March 27, 2024 | 2:00 pm

TSLA

A significant bearish sentiment has been observed in Tesla's (NASDAQ:TSLA) options market, as detected by Benzinga's options scanner. The scanner revealed 31 unusual options trades, with a sentiment split of 41% bullish and 58% bearish. The trades focus on a price band between $170.0 and $300.0 for Tesla. Notable options activity includes both bullish and bearish positions, with a total trade price for puts at $672,462 and calls at $993,520. Tesla's current market performance shows a 2.14% increase in stock price at $181.48, with an RSI indicating a neutral position. The next earnings report is expected in 21 days.

Portfolio Pulse from Benzinga Insights

March 27, 2024 | 1:46 pm

BKNG

Recent analysis of options trading for Booking Holdings (NASDAQ:BKNG) reveals a bullish trend among investors, with 58% of trades being bullish and 42% bearish. The trades include 4 puts and 8 calls, with a significant volume aiming for a strike price range between $2000.0 and $4800.0. The largest trades observed indicate a mix of bullish, bearish, and neutral sentiments, with the most notable being a bullish call sweep for a strike price of $3680.00, expiring on 01/16/26, valued at $1.1M. Booking Holdings, the world's largest online travel agency, is currently trading at $3661.08, with an upcoming earnings announcement in 36 days.

Portfolio Pulse from Benzinga Insights

March 27, 2024 | 1:46 pm

CFXUSD

ETHUSD

KCSUSD

Cryptocurrency market sees a decline with Ethereum falling below $3,600 and KuCoin Token leading the losses among top cryptocurrencies. The global crypto market cap dropped to $2.65 trillion, a 0.9% decrease. Bitcoin slightly fell but remained above $70,000. Mantle emerged as the top gainer, while other notable movements included gains by Sui, Fetch.ai, SingularityNET, and Litecoin, and losses by Conflux, Kaspa, FLOKI, and Bittensor.

Portfolio Pulse from Avi Kapoor

March 27, 2024 | 1:39 pm

MGX

Metagenomi reported a FY23 EPS of $(20.05), a decrease from $(12.82) YoY. As of Dec 31, 2023, cash and equivalents were $271.2M, excluding $81.1M from a Feb 2024 IPO. FY23 saw $91.4M in operational expenditures, with R&D expenses at $94.4M and G&A expenses at $28.8M.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 1:19 pm

OXBR

Oxbridge Re Holdings Limited (OXBR) announced the launch of 'EpsilonCat Re', a tokenized real-world asset offering through its subsidiary SurancePlus Inc. The offering involves issuing 500,000 to 1,000,000 digital token participation shares at $10 each, with proceeds used to purchase participating notes for collateralized reinsurance contracts. The EpsilonCat Re tokens target an annualized return of 42%, with last year's DeltaCat Re tokens exceeding expectations. OXBR's venture into RWA tokenization aligns with broader financial trends, including Blackrock's plan to tokenize $10 trillion of assets.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 1:17 pm

SOL

A trader lost $138,000 in 35 minutes attempting to 'snipe' a newly launched coin, PUNDU, using Solana (SOL) tokens withdrawn from Binance. The strategy backfired due to 'sniper selling', leading to a rapid price decline and a significant loss.

Portfolio Pulse from Murtuza Merchant

March 27, 2024 | 1:15 pm