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BITU

GBTC

IBIT

SBIT

Bitcoin ETFs saw a trading volume of $111 billion in March, nearly tripling previous months. iShares Bitcoin Trust (IBIT) has overtaken Grayscale Bitcoin Trust (GBTC) in market share. ProShares launched the first 2x and -2x spot Bitcoin ETFs, BITU and SBIT, expected to be among the top five most volatile ETFs in the US. Despite high fees, initial volumes were modest. The growth of Bitcoin ETFs highlights investor interest in high-risk, high-reward products.

Portfolio Pulse from Murtuza Merchant

April 03, 2024 | 2:50 pm

META

Deep-pocketed investors have shown a bearish sentiment towards Meta Platforms (NASDAQ:META), with a notable shift in options activity. Benzinga's tracking revealed 57 extraordinary options activities, with a mix of bullish and bearish sentiments, but a slight lean towards bearish with 52%. The options activity suggests a price window of $250.0 to $700.0 for META. The company, known for its vast social network ecosystem, has seen its stock price increase by 0.39% to $499.31, with an RSI indicating a potential overbought situation. Analysts from Roth MKM and Wells Fargo maintain positive ratings with targets of $500 and $609, respectively.

Portfolio Pulse from Benzinga Insights

April 03, 2024 | 2:46 pm

DELL

Investors have shown a bullish stance on Dell Technologies (NYSE:DELL), with options trading indicating a sentiment split between 51% bullish and 48% bearish. A total of 27 uncommon options trades were spotted, with a significant volume aiming for a price range of $80.0 to $160.0 over the next three months. The trading activity includes both calls and puts, with notable trades listed. Dell Technologies, a major IT vendor, has seen its stock price decrease by -0.9% to $117.38, with indicators suggesting it may be approaching overbought territory.

Portfolio Pulse from Benzinga Insights

April 03, 2024 | 2:46 pm

AMRN

Amarin Corporation's stock is trading higher following the announcement that the European Patent Office has granted a new patent for VAZKEPA, extending its exclusivity by eight years until 2039.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 2:45 pm

PESI

Perma-Fix Environmental Services, Inc. (PESI) shares surged following the announcement of successful pilot plant testing for the destruction of Per- and Polyfluorinated Substances (PFAS). This development marks a significant step in addressing environmental concerns related to PFAS, which are persistent pollutants.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 2:42 pm

JZXN

Trading of Jiuzi Holdings shares has resumed.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 2:36 pm

NVDA

Mark Cuban, on the Lex Fridman Podcast, discussed the current hype around artificial intelligence, comparing it to the dot-com era's 'frothiness' but argued against the existence of an AI bubble. He highlighted the lack of IPOs and companies with no intrinsic value going public as indicators that the market is not in a bubble. Cuban also mentioned his son's investment in Nvidia Corp. (NASDAQ:NVDA) as a potential risk to watch.

Portfolio Pulse from Rounak Jain

April 03, 2024 | 2:36 pm

ATAI

ATAI Life Sciences shares are trading higher following an upgrade from Maxim Group, moving from Hold to Buy, with a new price target set at $6.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 2:35 pm

SHIBUSD

Shiba Inu (SHIB) has experienced significant whale transactions, including a transfer of 1 trillion SHIB tokens, and a 2,330% increase in its monthly burn rate. Notable transactions include transfers to and from Robinhood, Cumberland, and Kucoin. Despite a slight weekly price decrease, SHIB has been profitable for 62% of its holders and has seen a recent 2% price increase.

Portfolio Pulse from Khyathi Dalal

April 03, 2024 | 2:35 pm

JZXN

Shares of Jiuzi Holdings were halted due to a circuit breaker after experiencing an 8% decline. The halt is a mechanism to prevent further immediate losses by pausing trading.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 2:34 pm