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EIS

USO

OPEC+ is contemplating new oil production cuts up to 1 million barrels a day due to the ongoing Middle East conflict. The decision could be made at a virtual meeting and may result in higher oil prices. The meeting was delayed from last week because of disagreements on production levels.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 5:46 pm

PWR

Quanta Services (NYSE:PWR) has seen a 14.29% increase in short interest since its last report, with 4.40 million shares sold short, representing 3.44% of its float. The short interest now takes 2.36 days to cover based on average trading volume. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price drop. Quanta Services has less short interest compared to its peer group average of 4.14%.

Portfolio Pulse from Benzinga Insights

November 29, 2023 | 5:45 pm

EPD

Enterprise Prods Partners (NYSE:EPD) has seen a 4.03% increase in short interest since its last report, with 18.78 million shares sold short, representing 1.29% of available shares. It would take about 3.71 days to cover all short positions. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a price drop. EPD's short interest is below its peer group average of 3.65%.

Portfolio Pulse from Benzinga Insights

November 29, 2023 | 5:45 pm

ISRG

Intuitive Surgical's (NYSE:ISRG) short interest has increased by 19.28% since the last report, with 3.45 million shares sold short, representing 0.99% of available shares. It would take about 2.13 days to cover these short positions based on current trading volume. While an increase in short interest can indicate bearish sentiment, it doesn't necessarily predict a price drop. Compared to its peers, Intuitive Surgical has a lower short interest as a percentage of float, with an average of 3.76% in its peer group.

Portfolio Pulse from Benzinga Insights

November 29, 2023 | 5:45 pm

WDAY

Workday, Inc. (NASDAQ:WDAY) stock is rising after reporting Q3 earnings of $1.56 per share and revenue of $1.87 billion, surpassing analyst estimates. Analysts from Piper Sandler, Needham, Barclays, JP Morgan, Wells Fargo, and Oppenheimer have raised their price targets for WDAY following the earnings report.

Portfolio Pulse from Erica Kollmann

November 29, 2023 | 5:44 pm

ARKF

HOOD

Robinhood Markets, Inc. (NASDAQ:HOOD) stock has risen over 12% in the past five days. Ark Fintech Innovation ETF (NYSE:ARKF) purchased 143,063 shares of HOOD, valued at $1.2 million. Morgan Stanley analyst Michael Cyprys maintained an Equal-Weight rating on HOOD but lowered the price target from $12 to $11. HOOD's trading volume exceeded its 100-day average, and the stock is trading below its 50-day moving average and 52-week high.

Portfolio Pulse from Erica Kollmann

November 29, 2023 | 5:42 pm

BHFAN

CRD

HCI

JRVR

KINS

MHLA

MHLD

MRAI

OXBR

PFG

TIRX

TRUP

In Wednesday's intraday session, insurance stocks saw movement with Crawford, Maiden Hldgs, Oxbridge Re Holdings, Brighthouse Finl, Principal Finl Gr, and Trupanion experiencing gains, while Marpai, Tian Ruixiang Holdings, Kingstone Companies, Maiden Holdings Ltd. Notes, HCI Group, and James River Gr Hldgs saw declines. The movements were reported with respective changes in stock prices and trading volumes, which were at 0% of their average full-day volumes over the last 100 days.

Portfolio Pulse from Benzinga Insights

November 29, 2023 | 5:40 pm

RDHL

Redhill Biopharma Ltd. (NASDAQ:RDHL) stock has surged approximately 700% over the last five days following the FDA's grant of five years' market exclusivity for its drug, Talicia, in addition to three years' exclusivity for the drug's approval. Talicia, a therapy for H. pylori infection, is protected by intellectual property until 2034. RDHL's trading volume has significantly exceeded its 100-day average, with over 67 million shares traded in a session. The stock is currently trading above its 50-day moving average but below its 52-week high.

Portfolio Pulse from Erica Kollmann

November 29, 2023 | 5:39 pm

SONY

Sony Group Corp.'s PlayStation exclusive Marvel's Spider-Man 2, released on Oct. 20, had significant content cuts before launch, particularly scenes involving Venom. Voice actor Tony Todd revealed at Fan Expo 2023 that only about 10% of his recorded Venom dialogue was used in the final game. Despite this, the game has been successful, becoming the fastest-selling PlayStation Studios game on PS5. The cuts hint at potential future DLC or sequels involving Venom.

Portfolio Pulse from Franca Quarneti

November 29, 2023 | 5:34 pm

FTCH

GME

KAVL

LESL

NEGG

ROVR

WOOF

In Wednesday's intraday session, several consumer discretionary stocks experienced significant movements. Kaival Brands Innovations (KAVL) saw a 37.6% increase, while Farfetch (FTCH) dropped by 49%. Other notable gainers include Rover Group (ROVR), GameStop (GME), Foot Locker (FL), and Newegg Commerce (NEGG). On the losing side, Petco Health and Wellness (WOOF), Sonder Holdings (SOND), and Leslies (LESL) saw substantial declines. Earnings releases influenced some of these movements, with Foot Locker's Q3 earnings and Petco's Q3 earnings being released today, and Leslies' Q4 earnings released yesterday.

Portfolio Pulse from Benzinga Insights

November 29, 2023 | 5:31 pm