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SAVA

Cassava Sciences (NYSE:SAVA) has seen a decrease in short interest, with 11.76 million shares sold short, representing 29.54% of its float. This is a 3.46% drop since the last report, indicating a potential shift in market sentiment towards the stock. The current short interest suggests it would take approximately 23.47 days for traders to cover their positions, based on average trading volumes. Comparatively, Cassava's short interest is higher than its peer group average of 12.46%, suggesting more bearish sentiment towards SAVA than its peers.

Portfolio Pulse from Benzinga Insights

March 21, 2024 | 4:30 pm

UNH

Kevin Simpson, a notable figure in the investment community, announced on CNBC that he has increased his investment in UnitedHealth Group Incorporated (UNH).

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 4:29 pm

PYXS

Pyxis Oncology's shares are trading lower following the announcement of their FY23 financial results.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 4:26 pm

AMD

Bill Baruch announced on CNBC that he has trimmed his position in Advanced Micro Devices (AMD), indicating a change in his investment strategy regarding the company.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 4:24 pm

FCNCA

GS

KRE

MS

XLF

U.S. financial stocks, including major banks and regional banks, have surged to record highs following the March FOMC meeting, driven by expectations of stronger economic growth and lower borrowing costs. Bank of America's Ebrahim H. Poonawala points to a bullish outlook for bank stocks, citing the Fed's rate cut projections and QT taper plans. The SPDR Regional Banking ETF (KRE) and the Financial Select Sector SPDR Fund (XLF) saw significant gains. Bank of America remains optimistic about Goldman Sachs (GS) and Morgan Stanley (MS), while Goldman Sachs is bullish on First Citizens Bancshares (FCNCA). Super-regional banks are also highlighted for their potential to narrow the valuation gap with major banks.

Portfolio Pulse from Piero Cingari

March 21, 2024 | 4:23 pm

NXTC

NextCure shares surged following the announcement of an increase in its FY23 EPS results compared to the previous year.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 4:21 pm

UPST

Deep-pocketed investors have shown unusual options activity in Upstart Holdings (NASDAQ:UPST), with a bullish sentiment prevailing. Benzinga's options scanner detected 11 significant trades, with a focus on a price band between $20.0 and $75.0. The trading volume and open interest analysis suggest heightened interest in UPST's options. Currently, UPST's stock is up by 1.69% at $27.01, with an RSI indicating it may be approaching overbought territory. An analyst from Piper Sandler maintains a Neutral rating with a target price of $28.

Portfolio Pulse from Benzinga Insights

March 21, 2024 | 4:17 pm

AAP

Advance Auto Parts (NYSE:AAP) has seen a notable increase in options trading activity, with a bullish sentiment from high-rolling investors. Benzinga's options scanner revealed 18 significant trades, predominantly bullish, targeting a price range of $57.5 to $130.0. The company, a leading retailer of aftermarket automotive parts, has its stock price currently up by 3.07%, with an RSI indicating potential overbought status. Analysts have mixed views, with an average target price of $68.0.

Portfolio Pulse from Benzinga Insights

March 21, 2024 | 4:17 pm

DOGE

SHIB

SOL

Luke Martin shared his experience creating a meme coin on the Solana blockchain, emphasizing fairness and avoiding typical pitfalls like rug pulls. Despite his efforts, the coin experienced a rapid rise and decline, leading to mixed feelings about the process. The article also highlights the current meme coin hype, with established coins like Dogecoin and Shiba Inu remaining strong, while newcomers face volatility. The crypto community's fascination with meme coins continues amidst Bitcoin's price movements and the upcoming Halving event.

Portfolio Pulse from Khyathi Dalal

March 21, 2024 | 4:15 pm

LUNR

Intuitive Machines, Inc. (NASDAQ:LUNR) reported Q4 sales of $30.56 million, surpassing analyst estimates by 37.66%. The company achieved a significant milestone with the United States' first lunar landing in over 50 years, earning $12.5 million in mission completion payments. CEO Steve Altemus highlighted the mission's impact on lunar economics and program costs. Analysts have a bullish outlook on LUNR, with an average 1-year price target of $12.40, indicating a potential upside of 126.48%.

Portfolio Pulse from Erica Kollmann

March 21, 2024 | 4:13 pm