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SAVA

Cassava Sciences (NYSE:SAVA) has seen a decrease in short interest, with 11.76 million shares sold short, representing 29.54% of its float. This is a 3.46% drop since the last report, indicating a potential shift in market sentiment towards the stock. The current short interest suggests it would take approximately 23.47 days for traders to cover their positions, based on average trading volumes. Comparatively, Cassava's short interest is higher than its peer group average of 12.46%, suggesting more bearish sentiment towards SAVA than its peers.

Portfolio Pulse from Benzinga Insights

March 21, 2024 | 4:30 pm

UPST

Deep-pocketed investors have shown unusual options activity in Upstart Holdings (NASDAQ:UPST), with a bullish sentiment prevailing. Benzinga's options scanner detected 11 significant trades, with a focus on a price band between $20.0 and $75.0. The trading volume and open interest analysis suggest heightened interest in UPST's options. Currently, UPST's stock is up by 1.69% at $27.01, with an RSI indicating it may be approaching overbought territory. An analyst from Piper Sandler maintains a Neutral rating with a target price of $28.

Portfolio Pulse from Benzinga Insights

March 21, 2024 | 4:17 pm

AAP

Advance Auto Parts (NYSE:AAP) has seen a notable increase in options trading activity, with a bullish sentiment from high-rolling investors. Benzinga's options scanner revealed 18 significant trades, predominantly bullish, targeting a price range of $57.5 to $130.0. The company, a leading retailer of aftermarket automotive parts, has its stock price currently up by 3.07%, with an RSI indicating potential overbought status. Analysts have mixed views, with an average target price of $68.0.

Portfolio Pulse from Benzinga Insights

March 21, 2024 | 4:17 pm

DOGE

SHIB

SOL

Luke Martin shared his experience creating a meme coin on the Solana blockchain, emphasizing fairness and avoiding typical pitfalls like rug pulls. Despite his efforts, the coin experienced a rapid rise and decline, leading to mixed feelings about the process. The article also highlights the current meme coin hype, with established coins like Dogecoin and Shiba Inu remaining strong, while newcomers face volatility. The crypto community's fascination with meme coins continues amidst Bitcoin's price movements and the upcoming Halving event.

Portfolio Pulse from Khyathi Dalal

March 21, 2024 | 4:15 pm

RDDT

Reddit's shares are indicated to open at $50 per share on 1,278,788 shares, significantly higher than the IPO price of $34 each.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 4:01 pm

SMCI

Super Micro Computer (NASDAQ:SMCI) is analyzed against competitors in the Technology Hardware, Storage & Peripherals industry. It shows a mixed performance with a high P/E ratio, indicating potential undervaluation, and a high revenue growth of 103.25%, outperforming the industry average. However, its EBITDA and gross profit are below the industry average, suggesting financial challenges. The company's strong financial position is highlighted by a low debt-to-equity ratio compared to its top 4 peers.

Portfolio Pulse from Benzinga Insights

March 21, 2024 | 4:00 pm

BABA

Alibaba Gr Holding's (NYSE:BABA) short interest has increased by 5.85%, with 43.47 million shares sold short, representing 1.81% of its float. The short interest now takes approximately 1.82 days to cover. This rise in short interest indicates a more bearish market sentiment towards BABA, although it has less short interest compared to its peer group average of 8.45%. The increase in short interest can be a bullish signal for the stock.

Portfolio Pulse from Benzinga Insights

March 21, 2024 | 4:00 pm

RGLD

Royal Gold (NYSE:RGLD) has seen a decrease in short interest, now at 4.49% of its float, lower than its last report. The short interest represents 2.32 million shares, with a cover time of 6.56 days based on trading volume. This decline in short interest could indicate a more bullish sentiment towards RGLD compared to its peers, where the average short interest is 2.62% of the float.

Portfolio Pulse from Benzinga Insights

March 21, 2024 | 4:00 pm

RDDT

Reddit's IPO is indicating a share price of $49-$49.25, significantly higher than its initial pricing at $34 per share for 22 million shares.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 3:52 pm

RGA

Reinsurance Gr (NYSE:RGA) has seen a 28.33% increase in short interest since its last report, with 398 thousand shares now sold short, representing 0.77% of its float. This increase in short interest could indicate a more bearish market sentiment towards RGA, although it has less short interest compared to its peers' average of 1.43%.

Portfolio Pulse from Benzinga Insights

March 21, 2024 | 3:45 pm