Streetbeat News

Assets

SRE

Sempra's (NYSE:SRE) short interest has decreased by 8.42% since the last report, with 11.63 million shares sold short, representing 1.85% of its float. The current short interest suggests a bullish sentiment among investors, as it is lower than the peer group average of 3.22%. This change in short interest could influence Sempra's stock performance in the short term.

Portfolio Pulse from Benzinga Insights

March 21, 2024 | 3:45 pm

BLK

High-rolling investors have shown a bullish sentiment on BlackRock (NYSE:BLK), with options data revealing a significant interest in calls over puts, indicating a potential upward price movement. The options activity, tracked by Benzinga, suggests a price target range of $550 to $900 for BLK. The company, the world's largest asset manager, has $10.008 trillion in assets under management and a diverse product mix. Currently, BLK's stock is up 2.9% at $841.62, with an RSI indicating it may be approaching overbought territory. An analyst from Evercore ISI Group has set a price target of $920, maintaining an Outperform rating.

Portfolio Pulse from Benzinga Insights

March 21, 2024 | 3:31 pm

HD

Home Depot (NYSE:HD) has seen unusual options activity, with a bullish sentiment from deep-pocketed investors. Benzinga's options scanner revealed 32 extraordinary activities, with a majority being calls. The focus is on a price band between $330.0 and $450.0. Home Depot's current market status shows a 2.96% increase in price at $395.77, with potential overbought indicators. Analysts have mixed ratings, with target prices ranging from $377 to $415.

Portfolio Pulse from Benzinga Insights

March 21, 2024 | 3:31 pm

MARA

Marathon Digital Holdings (NASDAQ:MARA) has significantly outperformed the market with an annualized return of 61.53% over the past 5 years, turning a $1000 investment into $11,073.23 today. The company currently boasts a market capitalization of $6.00 billion.

Portfolio Pulse from Benzinga Insights

March 21, 2024 | 3:31 pm

RPM

RPM International Inc. (NYSE:RPM) has seen a 30.08% increase in short interest since its last report, with 1.96 million shares sold short, representing 1.73% of its float. It would take about 3.04 days to cover these short positions based on current trading volumes. This rise in short interest may indicate a more bearish market sentiment towards RPM, although it has less short interest compared to its peer group average of 3.79%. The increase in short interest doesn't necessarily predict a price drop but suggests traders are betting more on a decline.

Portfolio Pulse from Benzinga Insights

March 21, 2024 | 3:15 pm

EOG

EOG Resources (NYSE:EOG) has seen a 3.48% increase in short interest since its last report, with 6.87 million shares sold short, representing 1.19% of its float. The short interest indicates market sentiment and takes 2.22 days on average to cover. Despite the increase, EOG's short interest is below its peer group average of 6.49%. This rise in short interest doesn't necessarily predict a price drop but indicates heightened short selling activity.

Portfolio Pulse from Benzinga Insights

March 21, 2024 | 3:15 pm

BKR

Baker Hughes (NYSE:BKR) has seen a 10.38% increase in its short percent of float, now at 3.19% with 21.10 million shares sold short. This indicates a bearish market sentiment, although it's lower than its peer group average of 9.38%. The rise in short interest suggests investors should be cautious, but it doesn't necessarily predict a price drop.

Portfolio Pulse from Benzinga Insights

March 21, 2024 | 3:15 pm

MSTR

MicroStrategy shares are trading higher due to an increase in crypto-related stocks, driven by a surge in Bitcoin's value.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 3:14 pm

XLMUSD

Stellar's (CRYPTO: XLM) price has seen a 5.67% increase over the past 24 hours to $0.13, despite a 7.0% decrease over the past week. The trading volume has decreased by 28.0%, and the circulating supply has slightly decreased to 57.39% of its max supply. Stellar's current market cap ranking is #35 at $3.81 billion.

Portfolio Pulse from Benzinga Insights

March 21, 2024 | 3:03 pm

ATOMUSD

Cosmos Hub's (CRYPTO: ATOM) price increased by 3.92% in the last 24 hours to $11.73, despite a 14.0% decrease over the past week from $13.67. The coin's all-time high is $44.45. Trading volume fell by 6.0% over the past week, while the circulating supply rose by 0.12% to 390.69 million. ATOM's market cap ranks #30 at $4.58 billion.

Portfolio Pulse from Benzinga Insights

March 21, 2024 | 3:02 pm