Streetbeat News

Stock Prices

SCHW

Charles Schwab's (NYSE:SCHW) short interest has decreased by 10.74% since the last report, with 17.98 million shares sold short, representing 1.08% of available shares. The current short interest suggests a more bullish market sentiment towards SCHW compared to its peers, with an average short interest of 5.97%. This change in short interest could influence SCHW's stock performance in the short term.

Portfolio Pulse from Benzinga Insights

March 27, 2024 | 7:00 pm

NVR

NVR, Inc. (NYSE:NVR) has significantly outperformed the market with an average annual return of 20.89% over the past 15 years, turning a $100 investment into $1,849.88 today. The company's market capitalization stands at $25.15 billion.

Portfolio Pulse from Benzinga Insights

March 27, 2024 | 7:00 pm

ADP

Automatic Data Processing (NYSE:ADP) has seen a 22.34% increase in its short percent of float since the last report, with 4.71 million shares sold short, representing 1.15% of available shares. It would take about 3.05 days to cover these short positions. The rise in short interest can indicate a bearish market sentiment towards ADP, although it has less short interest compared to its peers' average of 5.66%. This information suggests investors are showing increased bearishness but ADP still fares better than most of its peers in terms of short interest.

Portfolio Pulse from Benzinga Insights

March 27, 2024 | 7:00 pm

CEG

Constellation Energy's (NYSE:CEG) short interest has increased by 7.6%, with 5.17 million shares sold short, representing 1.84% of its float. This indicates a bearish market sentiment, although it has less short interest compared to its peers' average of 2.71%. The rise in short interest doesn't necessarily predict a price drop but suggests increased bearishness among traders.

Portfolio Pulse from Benzinga Insights

March 27, 2024 | 7:00 pm

ETHUSD

Ethereum (CRYPTO: ETH) has seen a price decrease of 3.09% in the last 24 hours, now at $3,469.48, despite a weekly uptrend of 3.0%. Trading volume fell by 51%, and circulating supply slightly decreased to 120.07 million, with Ethereum's market cap ranking at #2.

Portfolio Pulse from Benzinga Insights

March 27, 2024 | 7:00 pm

NFLX

Netflix shares are trading lower following Wedbush's decision to remove the stock from its Best Ideas List, although it maintained an Outperform rating.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 6:53 pm

FI

GPN

MA

SQ

TOST

V

Visa Inc (NYSE:V) and Mastercard Inc (NYSE:MA) have reached a settlement with U.S. merchants to lower credit card interchange fees by 4bps and cap swipe fees until 2030. This deal also removes anti-steering provisions, potentially benefiting merchant acquirers like Block, Inc (NYSE:SQ), Fiserv, Inc (NYSE:FI)/Clover, Toast, Inc (NYSE:TOST), and Global Payments Inc (NYSE:GPN). Analyst Dan Dolev views this as a relief from regulatory pressure for Visa and Mastercard, and beneficial for merchant acquirers due to the surcharge on specific credit cards.

Portfolio Pulse from Anusuya Lahiri

March 27, 2024 | 6:49 pm

GE

General Electric's stock price increased following Wells Fargo's decision to maintain an Overweight rating and raise its price target from $177 to $200.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 6:48 pm

FBTC

Fidelity Investments has filed an S-1 form with the SEC for a spot Ethereum ETF, including staking capabilities. This follows the successful launch of spot Bitcoin ETFs in the U.S., notably the Fidelity Wise Origin Bitcoin Fund (FBTC), which contributed to a significant rise in Bitcoin's price. The proposed Ethereum ETF would trade on the CBOE and offer investors the ability to earn rewards through staking. This development is part of a broader trend of major investment firms, including BlackRock, VanEck, and ARK Invest, filing for cryptocurrency ETFs.

Portfolio Pulse from Murtuza Merchant

March 27, 2024 | 6:36 pm

ARM

Deep-pocketed investors have shown a bullish sentiment towards ARM Holdings (NASDAQ:ARM), with a significant move in the options market. Benzinga's tracking revealed 107 extraordinary options activities, with 72% bullish and 27% bearish sentiment. The options indicate a price window from $70.0 to $220.0 for ARM Holdings. The company, a major player in smartphone CPU cores, has seen its stock price increase by 1.59% to $130.0. Analyst ratings are mixed, with a target price range of $110 to $160.

Portfolio Pulse from Benzinga Insights

March 27, 2024 | 6:31 pm