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ANET

Arista Networks (NYSE:ANET) has seen a 13.1% decrease in short interest, now at 3.22 million shares or 1.26% of float, indicating a potential shift in market sentiment towards more bullish views. The short interest decline suggests fewer traders are betting against the stock. Compared to its peers, ANET has significantly lower short interest, with an average of 8.93% in its peer group, highlighting its relative strength or positive market perception.

Portfolio Pulse from Benzinga Insights

April 04, 2024 | 5:00 pm

MRNA

Moderna's stock is experiencing a rebound after a decline on Wednesday due to Arbutus receiving permission to pursue a patent claim against Moderna. This legal development had initially negatively impacted Moderna's stock price.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 4:57 pm

DOGEUSD

PEPEUSD

Crypto influencer SlumDOGE Millionaire announced a $300,000 investment in three meme coins: Dogwifhat (WIF), Pepe (PEPE), and Brett (BRETT), citing strong conviction similar to his previous investment in Dogecoin. He highlighted potential listings on Coinbase and strong community support as reasons for his investment, especially during the current market dip.

Portfolio Pulse from Khyathi Dalal

April 04, 2024 | 4:55 pm

ANGO

AngioDynamics Inc. (ANGO) received FDA 510(k) clearance for its AlphaVac F1885 System for pulmonary embolism, expanding treatment options. The APEX-AV study showed significant improvements in patient outcomes. Despite a slight miss in Q3 2024 sales against consensus, the company's pro forma sales showed growth. AngioDynamics provided an upbeat FY2024 financial outlook, expecting sales between $270 million-$275 million and an adjusted EPS of $(0.54)-$(0.58), leading to an 11.9% increase in ANGO shares to $6.81.

Portfolio Pulse from Vandana Singh

April 04, 2024 | 4:53 pm

ETSY

PINS

Etsy Inc (NASDAQ:ETSY) is highlighted by Elliott Investment Management's Jesse Cohn for its significant long-term growth potential. Speaking at the Sohn Conference, Cohn, who revealed Elliott holds a 13% interest in Etsy, drew parallels to Pinterest Inc. (NYSE:PINS), suggesting Etsy could similarly expand its customer base and increase user spending. The appointment of Elliott's Marc Steinberg to Etsy's board is seen as a move to bolster strategic initiatives. ETSY shares rose 2.31% to $66.67.

Portfolio Pulse from Shivani Kumaresan

April 04, 2024 | 4:51 pm

ANSS

CLOD

QQQA

SNPS

Piper Sandler analyst Clarke Jeffries initiated coverage on Synopsys Inc (NASDAQ:SNPS) with an Overweight rating and a price target of $665, highlighting its solid growth, margin expansion, and potential from recent transactions including the acquisition of ANSYS, Inc (NASDAQ:ANSS). Synopsys' diverse product portfolio and position in semiconductor and system design tools are seen as key strengths. The stock has gained 53% in the last 12 months and is also part of ProShares Nasdaq-100 Dorsey Wright Momentum ETF (NASDAQ:QQQA) and Themes Cloud Computing ETF (NASDAQ:CLOD).

Portfolio Pulse from Anusuya Lahiri

April 04, 2024 | 4:48 pm

WYNN

Wynn Resorts, Limited (NASDAQ:WYNN) has been highlighted by Mizuho Securities for its potential upside in market share and EBITDA margins, particularly in Macau. Analyst Ben Chaiken initiated coverage with a Buy rating and a price target of $131, citing better operating leverage at the company's properties and potential for robust growth in Las Vegas. Wynn's ownership of its real estate, excluding Boston, is seen as a differentiator. Shares rose 2.58% to $109.17.

Portfolio Pulse from Priya Nigam

April 04, 2024 | 4:46 pm

SQ

Whale investors have shown a bearish stance on Block (NYSE:SQ), with options trading indicating a sentiment split of 40% bullish and 60% bearish. Significant trading activity suggests a target price range of $67.5 to $100.0 for Block in the next three months. The company, known for its payment services and Cash App, is currently trading at $78.92, with a neutral RSI and an anticipated earnings release in 28 days. Market experts have issued mixed ratings, with a consensus target price of $85.6.

Portfolio Pulse from Benzinga Insights

April 04, 2024 | 4:46 pm

VZ

Options market activity for Verizon Communications (NYSE:VZ) shows a bullish sentiment with 80% of trades being bullish. Significant options trades have targeted a price window of $38.0 to $47.0. Analysts have set an average price target of $42.33, with opinions ranging from Outperform to Neutral. Verizon's current stock price is $43.0, with an upcoming earnings announcement in 18 days.

Portfolio Pulse from Benzinga Insights

April 04, 2024 | 4:46 pm

KSCP

Knightscope shares surged following the announcement of 18 new contracts and five renewal agreements, collectively valued at over $1 million, showcasing the company's growing business and potential for increased revenue.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 4:42 pm