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Assets

DRMA

Dermata Therapeutics (DRMA) reported a significant improvement in its FY23 EPS, reducing losses from $(13.92) to $(2.67) YoY. The company ended the year with $7.4 million in cash, up from $6.2 million, thanks to $7.6 million net from financings. It expects funds to last into Q3 2024. R&D expenses dropped to $4.1 million from $5.7 million, while G&A expenses remained steady at $4.0 million, with a decrease in stock-based compensation.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 8:23 pm

CRBG

Recent options trading activity for Corebridge Financial (NYSE:CRBG) shows a bearish sentiment among significant investors, with 55% of detected trades being bearish. The trading activity suggests a target price range of $25.0 to $28.84. Corebridge Financial's stock is currently up by 1.1%, trading at $27.53. The company is a provider of retirement solutions and insurance products, with the majority of its revenue coming from the Individual Retirement segment.

Portfolio Pulse from Benzinga Insights

March 21, 2024 | 8:16 pm

GLW

Corning (NYSE:GLW) has seen a 23.53% increase in short interest since its last report, with 10.72 million shares sold short, representing 1.26% of its float. The current short interest suggests a bearish sentiment among investors, though it's lower than the peer group average of 3.55%. The article highlights the importance of tracking short interest as an indicator of market sentiment and notes that an increase in short interest does not necessarily predict a near-term price fall.

Portfolio Pulse from Benzinga Insights

March 21, 2024 | 8:00 pm

NTNX

Nutanix's (NYSE:NTNX) short interest has decreased by 5.73% since the last report, with 5.97 million shares sold short, representing 3.29% of its float. This decrease in short interest could indicate a more bullish sentiment towards NTNX among traders. Compared to its peers, Nutanix has a lower short interest percentage of float (3.29% vs. peer average of 4.11%), suggesting it may be performing better than similar companies.

Portfolio Pulse from Benzinga Insights

March 21, 2024 | 8:00 pm

BODEN

DOGE

SHIB

The Jeo Boden meme coin (CRYPTO: BODEN) has seen a significant surge, trading 48% higher in the past 24 hours and achieving a 560% increase over the past month, outperforming Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB). This surge is attributed to Joe Biden's recent political victories and policy announcements, as well as the broader election narrative. The coin's market capitalization reached $160 million with $1.9 million in liquidity. A second token is set to launch on Solana, with a presale and airdrop announced.

Portfolio Pulse from Khyathi Dalal

March 21, 2024 | 7:43 pm

GDX

GLDM

GOLD

IAUM

NEM

RING

Bank of America projects gold prices to rise to $2,500-$2,600 per ounce, advocating for physical gold ETFs like iShares Gold Trust Micro (IAUM) and SPDR Gold Minishares Trust (GLDM) over miners for equity investors. The report highlights gold's hedging quality and central bank purchases as key drivers of its rally, noting a potential demand increase from retail investors. For mining exposure, Barrick Gold Corp. (GOLD) and Newmont Corp. (NEM) are recommended, with a preference for iShares MSCI Global Gold Miners ETF (RING) and VanEck Gold Miners ETF (GDX) over other mining ETFs.

Portfolio Pulse from Piero Cingari

March 21, 2024 | 7:31 pm

AIG

Deep-pocketed investors have shown a significant bearish sentiment towards American Intl Gr (NYSE:AIG), as revealed by Benzinga's tracking of public options records. The options activity indicates a divided sentiment, with 33% bullish and 66% bearish, focusing on a price band between $72.5 and $82.5. The company, a major insurance and financial services firm, has seen its stock price slightly increase by 0.31% to $76.98. Analysts from Wells Fargo and UBS have given Equal-Weight and Buy ratings, with target prices of $74 and $84, respectively.

Portfolio Pulse from Benzinga Insights

March 21, 2024 | 7:31 pm

BTCUSD

Bitcoin (BTC) is experiencing potential volatility and price correction, according to Glassnode. After reaching a high of $68,000, it's now at $66,550. Glassnode's analysis indicates a phase of profit-taking, with a significant decline in supply held by long-term holders and realized profits hitting a new all-time high of $3.5 billion per day. This trend requires $3.5 billion in capital inflows to maintain price levels. The Bitcoin AVIV ratio suggests the market is entering a more volatile phase, with potential for sharp corrections.

Portfolio Pulse from Murtuza Merchant

March 21, 2024 | 6:57 pm

AAPL

AMZN

GOOG

GOOGL

LYV

MUSQ

SPHR

SPOT

TME

The Thematic Music ETF (MUSQ) is showing signs of bullish momentum with an inside bar pattern forming near the top of a green Marubozu candlestick. MUSQ, which offers exposure to the music industry including streaming, live events, and technology, has seen its holdings like Sphere Entertainment Co (SPHR), Spotify Technologies S.A. (SPOT), Live Nation Entertainment, Inc (LYV), and Tencent Music Entertainment Group (TME) experience significant gains. Its top holdings include Amazon.com, Inc (AMZN), Alphabet, Inc (GOOG, GOOGL), and Apple, Inc (AAPL), indicating a diversified investment in the music sector and beyond.

Portfolio Pulse from Melanie Schaffer

March 21, 2024 | 6:56 pm

BABA

BILI

Alibaba has sold its American Depositary Receipts (ADRs) in the streaming site Bilibili for a total of $357.8 million, according to a Bloomberg report. This move could indicate a strategic shift or a decision to liquidate part of its investment portfolio.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 6:49 pm