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Stock Prices

ZTS

Zoetis (NYSE:ZTS) has seen a 10.61% increase in short interest since the last report, with 3.34 million shares sold short, representing 0.73% of available shares. The short interest is below the peer group average of 4.35%. While higher short interest can indicate bearish sentiment, it doesn't necessarily predict a price drop and can sometimes be bullish.

Portfolio Pulse from Benzinga Insights

December 13, 2023 | 8:30 pm

BUD

Anheuser-Busch InBev (NYSE:BUD) has seen an 18.18% increase in short interest since the last report, with 4.45 million shares sold short, representing 0.26% of available shares. It would take about 3.74 days to cover all short positions. While an increase in short interest can indicate bearish sentiment, BUD's short interest is below its peer group average of 5.36%. This suggests less bearish sentiment compared to its peers, and sometimes increasing short interest can be a bullish sign.

Portfolio Pulse from Benzinga Insights

December 13, 2023 | 8:30 pm

XRPUSD

Two whale transactions involving the transfer of 84 million XRP tokens have caught investors' attention. The first transaction moved 23.9 million XRP to Bitstamp, while the second transferred 60 million XRP from a Ripple account to an unknown address. The SEC has dropped charges against Ripple executives and a court decision partially favored Ripple, indicating no breach of federal securities law. The legal proceedings are set to continue into 2024. XRP's price has seen minor fluctuations, with a slight increase over the past 24 hours but a decrease over the past week.

Portfolio Pulse from Khyathi Dalal

December 13, 2023 | 8:29 pm

DHI

FND

LEN

MHK

MTH

TOL

Shares of homebuilders and household durables stocks are up following the Fed's decision to leave rates unchanged. The market reacted positively as most Fed officials anticipate rate cuts between 2024 and 2026, which could lead to increased affordability and demand in the housing market.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 8:23 pm

SPY

Fed Chair Powell has concluded his news conference. No specific details or context were provided in the article regarding the content or outcomes of the news conference.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 8:16 pm

SAP

SAP SE (NYSE:SAP) has seen a decrease in short interest, with the current level at 2.51 million shares, representing 0.21% of available shares for trading. The short interest has fallen 8.7% since the last report, and it would take about 3.6 days for traders to cover their short positions based on average trading volume. This decline in short interest may indicate a more bullish sentiment among investors, although it does not necessarily predict a near-term rise in stock price. SAP's short interest is below its peer group average of 3.08%.

Portfolio Pulse from Benzinga Insights

December 13, 2023 | 8:15 pm

IDXX

IDEXX Laboratories (NYSE:IDXX) has seen a decrease in short interest, with the short percent of float falling 4.26% since the last report. The company has 2.66 million shares sold short, representing 3.6% of available shares, with a cover time of 6.25 days. This decline in short interest may indicate a more bullish sentiment among investors, although it doesn't necessarily predict a near-term price rise. IDEXX has a higher short interest than its peer group average of 3.42%.

Portfolio Pulse from Benzinga Insights

December 13, 2023 | 8:15 pm

LHX

L3Harris Technologies (NYSE:LHX) has seen a 10.98% decrease in short interest, with 1.37 million shares sold short, representing 0.73% of available shares. The average time to cover these short positions is 1.6 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. L3Harris has a lower short interest compared to its peer group average of 2.91%.

Portfolio Pulse from Benzinga Insights

December 13, 2023 | 8:15 pm

ALLY

COF

Financial stocks are trading higher after the Federal Reserve left interest rates unchanged, with expectations of rate cuts in the years 2024-2026. This has led to overall market strength and optimism among investors in the financial sector.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 8:13 pm

ABCB

BAC

PNC

USB

Bank stocks are experiencing an uptick following the Federal Reserve's decision to maintain current interest rates, with projections indicating potential rate cuts between 2024 and 2026. This news has contributed to overall market optimism, positively impacting the financial sector.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 8:12 pm