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HOOD

Robinhood shares are trading higher following the release of their February trading metrics.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 8:47 pm

HOOD

Robinhood Markets (NYSE:HOOD) has seen a 14.32% increase in short interest since its last report, with 36.19 million shares sold short, representing 5.27% of its float. The current short interest suggests a bearish sentiment among investors, though it's lower than the peer group average of 6.01%. The article highlights the importance of tracking short interest as an indicator of market sentiment.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 8:45 pm

LYV

Live Nation Entertainment (NYSE:LYV) has seen a 7.49% decrease in short interest, now at 12.76 million shares or 8.15% of float, taking 5.28 days to cover. This decline may indicate a more bullish sentiment among investors. Compared to its peers, LYV has a higher short interest percentage of 8.15% versus the peer group average of 7.26%.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 8:45 pm

J

Jacobs Solutions (NYSE:J) has seen a decrease in short interest, now at 1.56 million shares or 1.41% of float, indicating a potential shift in market sentiment towards the stock. The short interest is below the peer group average of 3.10%, suggesting a more bullish outlook compared to its peers. This change in short interest could influence the stock's short-term performance.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 8:45 pm

NVGS

Navigator Holdings (NYSE:NVGS) reported Q4 earnings with an EPS of $0.32, beating estimates by 7%, and revenue increased by $18.35 million year-over-year. Despite beating earnings this quarter, a miss in the previous quarter led to a 1% drop in share price the next day. The company has shown fluctuating performance in past quarters.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 8:45 pm

PFIE

Profire Energy (NASDAQ:PFIE) reported Q4 earnings, beating estimates with an EPS of $0.07 against an expected $0.04, a 75% beat. Revenue increased by $400 thousand year-over-year. Despite missing EPS estimates last quarter, PFIE's share price increased by 3% the following day. The company has shown consistent revenue growth over the past four quarters.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 8:45 pm

MSTR

MicroStrategy Inc (NYSE:MSTR) announced a proposed private offering of $500 million worth of convertible senior notes due 2031 to institutional buyers, with an option to purchase up to an additional $75 million. The proceeds are intended for acquiring more Bitcoin. This follows a recent $700 million offering used for the same purpose. MicroStrategy, focusing on Bitcoin accumulation, holds approximately 205,000 bitcoins. Post-announcement, MSTR shares dropped 2.33% in after-hours trading.

Portfolio Pulse from Adam Eckert

March 13, 2024 | 8:43 pm

PFIE

Profire Energy (NASDAQ:PFIE) reported Q4 2023 earnings of $0.07 per share, surpassing the $0.03 estimate, but missed sales estimates with $14.400M against the expected $14.615M. This represents a 2.86% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 8:42 pm

HEAR

Trading of Turtle Beach shares, symbol HEAR, resumed at 4:35:00 PM ET after a temporary halt.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 8:40 pm

NVGS

Navigator Holdings (NYSE:NVGS) reported Q4 2023 adjusted EPS of $0.32, surpassing the $0.30 estimate, with sales of $141.632M exceeding the $130.762M forecast. This represents a 14.88% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 8:40 pm