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PATH

UiPath (NYSE:PATH) has seen unusual options activity, with a bearish stance by big-money investors. Benzinga's options scanner revealed 8 significant trades, showing a sentiment split of 37% bullish and 62% bearish. The focus is on a price band between $19.0 and $30.0. Currently, PATH's stock is up by 0.76% at $23.84, with an RSI indicating a neutral position. An earnings release is anticipated in 2 days.

Portfolio Pulse from Benzinga Insights

March 11, 2024 | 2:30 pm

VEEV

Veeva Systems (NYSE:VEEV) has delivered an impressive average annual return of 21.04% over the past 10 years, outperforming the market by 10.55% annually. An initial investment of $100 in VEEV a decade ago would be worth $688.88 today, showcasing the impact of compounded returns on investment growth. Veeva Sys currently holds a market capitalization of $36.68 billion.

Portfolio Pulse from Benzinga Insights

March 11, 2024 | 2:30 pm

VKTX

Viking Therapeutics (NASDAQ:VKTX) has significantly outperformed the market with an annualized return of 41.27% over the past 5 years, turning a $100 investment into $877.51 today. The company now has a market capitalization of $7.54 billion.

Portfolio Pulse from Benzinga Insights

March 11, 2024 | 2:30 pm

PETV

PetVivo Holdings Inc and ThinkEquity LLC have mutually agreed to terminate their ATM Sales Agreement as of March 7, 2024. Under this agreement, PetVivo had the option to sell shares of its common stock up to $2,500,000 through at-the-market offerings. Prior to termination, PetVivo issued and sold 674,000 shares, raising $959,033.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 2:25 pm

META

SNAP

Shares of US social media companies are trading lower after presidential candidate Donald Trump expressed opposition to a TikTok ban and criticized Facebook. This indicates a potential negative sentiment towards US social media stocks.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 2:17 pm

SM

SM Energy (NYSE:SM) has seen an increase in short interest, now at 10.07% of its float, higher than its peer group average of 6.51%. This rise to 7.90 million shares sold short suggests a bearish market sentiment, although it doesn't necessarily predict a near-term price drop. The coverage period for these short positions is approximately 6.3 days based on current trading volumes.

Portfolio Pulse from Benzinga Insights

March 11, 2024 | 2:15 pm

WLK

Westlake's (NYSE:WLK) short interest has decreased by 10.7%, now standing at 1.75 million shares or 5.34% of its float. This decline suggests a more bullish sentiment among investors. Compared to its peers, Westlake has slightly less short interest, with the average being 5.36%. Short interest is a key indicator of market sentiment, and a decrease often signals increased investor confidence.

Portfolio Pulse from Benzinga Insights

March 11, 2024 | 2:15 pm

FANG

Diamondback Energy (NYSE:FANG) has seen a decrease in short interest, now at 3.24% of its float, lower than the peer group average of 6.68%. This reduction from 5.26% suggests a more bullish sentiment among investors. The current short interest represents 5.06 million shares, with a cover time of 1.95 days based on trading volume.

Portfolio Pulse from Benzinga Insights

March 11, 2024 | 2:15 pm

BITF

Bitfarms Ltd. (BITF) has announced the purchase of additional miners to reach a mining capacity of 21 EH/s in 2024. The company fully exercised a purchase option for 28,000 Bitmain T21 miners and bought an additional 19,280 Bitmain T21 miners, 3,888 Bitmain S21 miners, and 740 Bitmain S21 Hydro miners. These acquisitions are part of Bitfarms' expansion plan, aiming to operate one of the newest and most powerful mining fleets in anticipation of a bull market. The company plans to liquidate older miners to offset the cost of new ones and aims to improve hashrate, energy efficiency, and operating costs per terahash.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 2:11 pm

DUO

Fangdd Network Group Ltd (NASDAQ:DUO) stock surged 90% to $1.15 after announcing its strategic plan to enter the real estate stock asset services sector by 2024. The company aims to leverage its real estate transaction service experience to become a leading platform in this new sector, which is expected to provide new business opportunities and contribute to its long-term growth.

Portfolio Pulse from Henry Khederian

March 11, 2024 | 2:08 pm