Streetbeat News

Stock Prices

PTN

Palatin Technologies Inc. (NYSE:PTN) announced positive Phase 3 results for PL9643 in treating dry eye disease, showing significant efficacy and safety. The dry eye disease market is expected to grow to $7.46 billion by 2029. PTN shares surged 33.1% to $2.34.

Portfolio Pulse from Vandana Singh

April 08, 2024 | 2:02 pm

SAIA

Over the past 15 years, Saia (NASDAQ:SAIA) has significantly outperformed the market, with an average annual return of 32.59%, turning a $1000 investment into $65,832.48. Saia's market capitalization currently stands at $15.73 billion.

Portfolio Pulse from Benzinga Insights

April 08, 2024 | 2:01 pm

MSFT

Over the past 15 years, Microsoft (NASDAQ:MSFT) has significantly outperformed the market, yielding an average annual return of 22.86%. A $100 investment in MSFT 15 years ago would now be worth $2,166.30. Microsoft's market capitalization currently stands at $3.15 trillion.

Portfolio Pulse from Benzinga Insights

April 08, 2024 | 2:00 pm

SPSC

SPS Commerce (NYSE:SPSC) has seen a decrease in short interest, with shares sold short falling to 634 thousand, representing 2.36% of available shares. This decrease suggests a more bullish sentiment among investors towards SPSC. Compared to its peers, SPSC has a lower short interest percentage, indicating potentially stronger investor confidence in the company.

Portfolio Pulse from Benzinga Insights

April 08, 2024 | 2:00 pm

SPY

The USA Conference Board Employment Trends Index for March was reported at 112.84, showing an increase from the previous month's figure of 112.29. This indicates a positive trend in employment, suggesting a strengthening labor market.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 2:00 pm

RITM

Rithm Capital (NYSE:RITM) has seen a decrease in short interest, with the short percent of float falling 4.17% to 1.38% of all shares available for trading. The current short interest stands at 6.63 million shares, requiring approximately 2.13 days for traders to cover their positions. This decline in short interest may indicate a more bullish sentiment towards RITM compared to its last report. Additionally, Rithm Capital's short interest is below its peer group average of 6.51%, suggesting less bearish sentiment among investors compared to its peers.

Portfolio Pulse from Benzinga Insights

April 08, 2024 | 2:00 pm

AJG

Arthur J. Gallagher (AJG) has seen a decrease in short interest, now at 1.18% of its float, lower than the peer group average of 3.02%. This indicates a potential increase in bullish sentiment towards AJG, despite the general perception that high short interest can be bearish. The short interest represents 2.24 million shares, and based on current trading volume, it would take approximately 2.96 days to cover all short positions.

Portfolio Pulse from Benzinga Insights

April 08, 2024 | 2:00 pm

AGI

EQX

GDX

GDXJ

GROY

NG

WEXPF

YGTFF

Gold prices have reached a new record above $2,300, buoying the mood among gold miners and investors. Despite the rise, gold mining stocks like the VanEck Gold Miners ETF (GDX) and the VanEck Junior Gold Miners ETF (GDXJ) have lagged behind due to higher production costs. Companies such as Alamos Gold Inc. (AGI), Gold Royalty Corp. (GROY), NovaGold Resources Inc. (NG), Equinox Gold Corp. (EQX), Western Exploration Inc. (WEXPF), and Gold Terra Resource Corp. (YGTFF) shared optimistic views on the gold market, citing factors like government debt, geopolitical risks, and the potential for lower interest rates as drivers for higher gold prices.

Portfolio Pulse from Matt Whittaker

April 08, 2024 | 1:59 pm

AIRC

Apartment Income REIT (AIRC) shares surged following the announcement of its acquisition by Blackstone in a deal valued at approximately $10 billion. This move will take AIRC private.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 1:57 pm

SPY

Goldman Sachs predicts a strong U.S. economic upturn in 2024 with a 2.5% GDP growth rate, surpassing consensus estimates. Despite this, they caution about the Q1 earnings season for S&P 500 stocks, highlighting potential volatility due to high stock concentration. The SPDR S&P 500 ETF Trust (SPY) has seen significant gains, but Goldman maintains a cautious 12-month outlook for the S&P 500.

Portfolio Pulse from Piero Cingari

April 08, 2024 | 1:52 pm