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PDD

PDD Holdings (NASDAQ:PDD) has delivered an impressive average annual return of 47.34% over the past 5 years, outperforming the market by 35.75%. An initial investment of $1000 in PDD stock 5 years ago would be worth $6,348.67 today. PDD Holdings currently has a market cap of $187.85 billion.

Portfolio Pulse from Benzinga Insights

December 04, 2023 | 7:00 pm

VRTX

Vertex Pharmaceuticals (NYSE:VRTX) has seen a decrease in short interest, with the short percent of float dropping 3.96% since the last report. The company has 2.51 million shares sold short, representing 0.97% of available shares. The average time to cover these short positions is 1.64 days. Short interest is a market sentiment indicator, and a decrease suggests investors may be more bullish on VRTX. Compared to its peers, VRTX has a lower short interest as a percentage of float, with the peer group average at 5.26%.

Portfolio Pulse from Benzinga Insights

December 04, 2023 | 7:00 pm

RIVN

Over the past quarter, Rivian Automotive (NASDAQ:RIVN) received 9 analyst ratings: 2 bullish, 4 somewhat bullish, and 3 indifferent. No somewhat bearish or bearish ratings were given. The average 12-month price target for RIVN is $26.11, with a high of $35.00 and a low of $19.00, representing a 5.05% decrease from the previous target of $27.50. Analyst ratings are opinions based on financial analysis and are meant to guide investors.

Portfolio Pulse from Benzinga Insights

December 04, 2023 | 7:00 pm

BCH-USD

Bitcoin Cash (CRYPTO: BCH) has seen a significant increase of 8.99% in the past 24 hours, reaching a price of $247.47. Over the past week, the cryptocurrency has risen over 11%, up from $222.13. Despite the recent gains, it is still far from its all-time high of $3,785.82. Trading volume has surged by 241% over the past week, while the circulating supply has slightly decreased by 0.4%. Bitcoin Cash's market cap is currently ranked #20, valued at $4.84 billion.

Portfolio Pulse from Benzinga Insights

December 04, 2023 | 7:00 pm

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