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CI

Over the past 10 years, Cigna Group (NYSE:CI) has produced an average annual return of 11.68%, outperforming the market by 1.79% on an annualized basis. A $1000 investment in CI stock a decade ago would be worth $2,987.67 today. Cigna Group currently has a market capitalization of $74.42 billion.

Portfolio Pulse from Benzinga Insights

December 08, 2023 | 5:30 pm

MTDR

Over the past 10 years, Matador Resources (NYSE:MTDR) has produced an average annual return of 10.95%, outperforming the market. A $1000 investment in MTDR a decade ago would now be worth $2,713.20. The company's current market capitalization stands at $6.35 billion.

Portfolio Pulse from Benzinga Insights

December 08, 2023 | 5:30 pm

DOCU

DocuSign shares are trading higher following the release of their third-quarter results, which surpassed expectations. Additionally, the company provided strong guidance for future performance.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 5:30 pm

NYCB

New York Community (NYSE:NYCB) has seen a decrease in short interest, with the current level at 25.31 million shares or 3.98% of float, down 5.69% from the last report. It would take about 2.48 days to cover all short positions. While a decrease in short interest can indicate a more bullish sentiment, it does not necessarily predict a near-term price rise. NYCB's short interest is below its peer group average of 4.41%.

Portfolio Pulse from Benzinga Insights

December 08, 2023 | 5:30 pm

COST

Costco Wholesale (NYSE:COST) has experienced a 20% increase in short interest since its last report, with 5.31 million shares sold short, representing 1.2% of its float. It would take about 3.04 days to cover these short positions based on average trading volume. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price decline. Compared to its peers, Costco has a lower short interest as a percentage of float, with the peer group average at 4.29%.

Portfolio Pulse from Benzinga Insights

December 08, 2023 | 5:30 pm

X

United States Steel (NYSE:X) has seen a 3.1% decrease in short interest, with 13.18 million shares sold short, representing 5.94% of available shares. The short interest is higher than the peer group average of 4.28%. While a decline in short interest can indicate a more bullish sentiment, it does not necessarily predict a near-term price rise.

Portfolio Pulse from Benzinga Insights

December 08, 2023 | 5:30 pm

AVGO

Truist Securities analyst William Stein has reaffirmed a Buy rating on Broadcom (NASDAQ:AVGO) and increased the price target from $995 to $1015.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 5:27 pm

NETI

Eneti Inc. has announced an extension of the share exchange offer for its outstanding common stock until 5:30 p.m. Eastern on December 14, 2023, along with a new loan facility. Shares of Eneti are trading higher following this news.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 5:24 pm

LLY

Eli Lilly and Company (NYSE:LLY) has announced a 15% increase in its quarterly dividend to $1.30 per share for Q1 2024, reflecting its financial strength. The dividend will be paid on March 8, 2024, to shareholders on record as of February 15, 2024. The company's recent FDA approval for Jaypirca and strong Q3 sales, particularly from Mounjaro, Verzenio, and Jardiance, have contributed to its positive outlook. However, Eli Lilly revised its FY23 adjusted EPS downwards while maintaining its revenue forecast. LLY shares saw a slight decrease of 0.07% to $587.87.

Portfolio Pulse from Nabaparna Bhattacharya

December 08, 2023 | 5:18 pm

AMZN

META

The social media platform formerly known as Twitter, now owned by Elon Musk, is seeking to attract smaller advertisers after alienating some of the largest brand advertisers. The company has initiated preliminary discussions with Amazon to utilize its ad-buying software to facilitate this new strategy.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 5:18 pm