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LVS

Mark Cuban is selling a majority stake in the Dallas Mavericks to Miriam Adelson, widow of Sheldon Adelson. The NBA has approved the sale, valuing the Mavericks at $3.5 billion. Patrick Dumont of Las Vegas Sands Corp (NYSE:LVS) will serve as the Mavericks' governor. The sale could facilitate a casino and arena complex in Dallas, with LVS having a vested interest. LVS shares dipped 1.3% on the news.

Portfolio Pulse from Chris Katje

December 27, 2023 | 7:01 pm

ETCUSD

Ethereum Classic (CRYPTO: ETC) has seen a significant price increase of 8.12% in the last 24 hours, reaching $22.22. Over the past week, the price has risen over 9%, from $20.45. The coin's all-time high is $167.09. Trading volume for ETC has surged by 120% over the past week, and the circulating supply has slightly increased by 0.07% to 143.20 million, which is 67.96% of the max supply. Ethereum Classic is currently ranked #32 by market cap at $3.18 billion.

Portfolio Pulse from Benzinga Insights

December 27, 2023 | 7:01 pm

ATOM-USD

Cosmos Hub's cryptocurrency, ATOM, has seen a 5.03% increase in price over the past 24 hours, reaching $12.03. Over the past week, ATOM has gained 11.0%, rising from $10.75. Despite the recent gains, it is still well below its all-time high of $44.45. Trading volume for ATOM has increased by 34.0% and the circulating supply has risen by 29.95%, now at 380.55 million. ATOM's market cap is currently ranked #23, valued at $4.57 billion.

Portfolio Pulse from Benzinga Insights

December 27, 2023 | 7:00 pm

REGN

Regeneron Pharmaceuticals' stock is trading higher following a U.S. District Court ruling in its favor, which found that Mylan infringed on multiple patent claims of Regeneron.

Portfolio Pulse from Benzinga Newsdesk

December 27, 2023 | 6:55 pm

REGN

VTRS

Regeneron's stock is experiencing an uptick due to the circulation of court documents pertaining to a patent lawsuit with Viatris. The details of the documents and the implications of the lawsuit on the companies' operations or financials are not provided in the news snippet.

Portfolio Pulse from Benzinga Newsdesk

December 27, 2023 | 6:49 pm

SO

Southern's (NYSE:SO) short interest has increased by 3.7%, with 12.20 million shares sold short, representing 1.12% of available shares. It would take about 3.01 days to cover all short positions. While an increase in short interest can indicate bearish sentiment, Southern has less short interest compared to its peer group average of 2.38%. The rise in short interest does not necessarily predict a near-term price fall.

Portfolio Pulse from Benzinga Insights

December 27, 2023 | 6:45 pm

MCD

McDonald's (NYSE:MCD) has seen a 9.18% increase in short interest since the last report, with 7.74 million shares sold short, representing 1.07% of available shares. It would take 2.62 days to cover these short positions. While an increase in short interest can indicate bearish sentiment, it doesn't necessarily predict a near-term price drop. McDonald's has less short interest compared to its peer group average of 9.25%.

Portfolio Pulse from Benzinga Insights

December 27, 2023 | 6:45 pm

TJX

TJX Companies (NYSE:TJX) has seen a decrease in short interest, with the short percent of float falling 7.77% since the last report. The company has 10.79 million shares sold short, representing 0.95% of available shares, with a cover time of 1.64 days. This decline in short interest may indicate a more bullish sentiment among investors. TJX's short interest is below its peer group average of 16.23%.

Portfolio Pulse from Benzinga Insights

December 27, 2023 | 6:45 pm

CART

DASH

LYFT

UBER

Wedbush analyst Scott Devitt provided insights on mobility stocks for 2024, with Uber Technologies Inc (UBER) rated Outperform with a $67 target, DoorDash Inc (DASH) rated Neutral with a $92 target, Instacart (CART) rated Neutral with a lowered target of $26, and Lyft Inc (LYFT) rated Neutral with a raised target of $14. Devitt highlighted growth drivers for UBER, execution risks for DASH, competitive challenges for CART, and industry trends benefiting LYFT. UBER shares rose 1.52%, DASH 0.67%, LYFT 0.10%, while CART shares fell 1.07%.

Portfolio Pulse from Lekha Gupta

December 27, 2023 | 6:25 pm

CYTK

Needham analyst Serge Belanger has maintained a Buy rating on Cytokinetics (NASDAQ:CYTK) and increased the price target from $60 to $108.

Portfolio Pulse from Benzinga Newsdesk

December 27, 2023 | 6:11 pm