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DVN

Devon Energy's (NYSE:DVN) short interest has decreased by 12.62% since the last report, with 10.08 million shares sold short, representing 1.8% of available shares. The current short interest suggests a bullish sentiment as it is below the peer group average of 6.22%. Short interest is a market sentiment indicator, and a decrease may imply that investors are less bearish on DVN.

Portfolio Pulse from Benzinga Insights

December 04, 2023 | 7:00 pm

INTU

Over the past 10 years, Intuit (NASDAQ:INTU) has delivered an average annual return of 22.43%, outperforming the market by 12.74% on an annualized basis. A $1000 investment in Intuit a decade ago would be worth $7,629.44 today. Intuit's market capitalization currently stands at $158.90 billion.

Portfolio Pulse from Benzinga Insights

December 04, 2023 | 7:00 pm

STAA

Staar Surgical (NASDAQ:STAA) has received 9 analyst ratings in the last quarter, with an average price target of $48.44, representing an implied upside from the current price of $32.99. The current average price target has decreased by 1.54% from the previous target of $49.20. The ratings consist of 4 bullish and 5 indifferent, with no bearish ratings. Analysts typically review stocks quarterly or after major company updates, considering factors like future earnings and revenue predictability.

Portfolio Pulse from Benzinga Insights

December 04, 2023 | 7:00 pm

MRNA

Moderna's (NYSE:MRNA) short interest has increased by 14.18% since the last report, with 22.38 million shares sold short, representing 7.81% of available shares. It would take approximately 3.96 days to cover these short positions based on current trading volume. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price drop. Moderna has a higher short interest than its peer group average of 4.93%.

Portfolio Pulse from Benzinga Insights

December 04, 2023 | 7:00 pm

SOLUSD

Solana's (CRYPTO: SOL) price has decreased by 3.33% over the past 24 hours to $60.41, despite a 12.0% increase over the past week. The trading volume has increased by 76.0%, while the circulating supply has decreased by 0.28%, with a current market cap ranking of #6 at $25.65 billion.

Portfolio Pulse from Benzinga Insights

December 04, 2023 | 7:00 pm

AAPL

BRK-B

MSFT

Bitcoin's market cap has surpassed Berkshire Hathaway's, reaching $813.9 billion compared to Berkshire's $778.1 billion. Despite Warren Buffett and Charlie Munger's criticism of Bitcoin as 'rat poison,' the cryptocurrency has seen a 142% surge in the past year, while Berkshire Hathaway's stock gained 15%. Bitcoin is nearing a $1 trillion market cap, a level it previously reached in February 2021. However, it still trails behind Apple and Microsoft in market valuation. The recent increase in Bitcoin's price to over $40,000 resulted in the liquidation of over $184 million in short derivatives positions.

Portfolio Pulse from Khyathi Dalal

December 04, 2023 | 6:51 pm

F

TSLA

Gene Munster of Deepwater Asset Management commented on Tesla's Cybertruck pricing, stating it's 25% higher than expected, which may limit demand until prices drop. He noted the Cybertruck's steel frame could set a new standard for durability. Despite the high price, Munster believes the Cybertruck reinforces Tesla's lead in EVs. He predicts a decline in the waitlist from over one million to below 500k in six months. Tesla aims for 250,000 annual Cybertruck units by 2025, with Munster estimating 35,000 deliveries in 2024. Tesla shares were down 1% on Monday.

Portfolio Pulse from Chris Katje

December 04, 2023 | 6:47 pm

MA

Benzinga's options scanner detected unusual options activity for Mastercard (NYSE:MA), with a bullish sentiment from deep-pocketed investors. The options market dynamics show 23 extraordinary activities, with 65% bullish and 34% bearish. Notable trades include calls and puts with strike prices ranging from $160 to $420, expiring between 2024 and 2025. Mastercard, a leading payment processor, saw a slight stock price decrease of -0.19%, with a neutral RSI indicator. An earnings announcement is expected in 52 days.

Portfolio Pulse from Benzinga Insights

December 04, 2023 | 6:45 pm

ALC

Alcon's stock (ALC) trades lower following a downgrade by Morgan Stanley from Equal-Weight to Underweight, with a new price target set at $65.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 6:41 pm

BAYRY

BAYZF

Bayer AG faces increasing legal pressure as the trial in Philadelphia concerning its Roundup weedkiller nears its conclusion. The company has experienced a series of legal defeats with plaintiffs claiming Roundup caused cancer. Despite these challenges, Bayer maintains that Roundup is safe and intends to continue defending its product in court. The litigation issues began after Bayer acquired Monsanto in 2018, and although many cases were settled in 2020, around 50,000 lawsuits remain. Bayer plans to appeal recent verdicts, attributing the losses to the courts allowing misleading evidence about glyphosate, Roundup's active ingredient.

Portfolio Pulse from Vandana Singh

December 04, 2023 | 6:39 pm