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COCH

Envoy Medical's shares were halted due to a circuit breaker trigger after surging 78.2% to the upside. This significant price movement indicates a strong investor interest or market reaction to company-specific news or broader market events.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 8:44 pm

COCH

ENVOY

Envoy Medical's shares experienced a significant increase following a mention on Fox Business. The company, known for its advancements in hearing technology, caught investors' attention, leading to a spike in its stock price. Although not directly mentioned, Cochlear Limited (COCH) operates in the same sector and could experience indirect effects.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 8:43 pm

NVDA

Ryan Detrick, chief market strategist at Carson Group, discussed on Benzinga's PreMarket Prep that the Magnificent Seven stocks, including NVIDIA Corp (NASDAQ:NVDA), are not in a bubble. Detrick highlighted NVIDIA's earnings growth of over 250% since early 2022, with only a slight expansion in its multiple. He argued that the growth of these mega-cap tech firms is driven by actual earnings, contrasting the situation with the dot-com bubble. Detrick also mentioned that despite perceptions of a weak economy, U.S. consumers are in a strong position.

Portfolio Pulse from Aaron Bry

February 28, 2024 | 8:41 pm

CEG

Constellation Energy's stock (CEG) has seen an increase in its trading value following an upgrade by Keybanc from Sector Weight to Overweight, with a new price target set at $190.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 8:34 pm

XTKG

X3 Holdings shares surged following the announcement of signing a term sheet for multi-year purchase agreements with a top supplier of bitcoin mining equipment. This move is expected to significantly bolster X3 Holdings' position in the cryptocurrency mining industry.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 8:31 pm

URI

United Rentals (NYSE:URI) has seen a decrease in short interest, with 3.26 million shares sold short, representing 5.54% of its float. This is a decline of 11.92% from its last report, taking traders an average of 3.65 days to cover short positions. The decrease in short interest may indicate a more bullish sentiment towards URI compared to its peers, where the average short interest as a percentage of float is 4.33%.

Portfolio Pulse from Benzinga Insights

February 28, 2024 | 8:30 pm

ROP

Roper Technologies (NYSE:ROP) has seen a decrease in short interest, with 1.36 million shares sold short, representing 1.28% of its float. This is a 13.51% decline from its last report, indicating a potential shift in market sentiment towards the stock. The current short interest is lower than the peer group average of 3.86%, suggesting Roper Techs is viewed more favorably compared to its peers.

Portfolio Pulse from Benzinga Insights

February 28, 2024 | 8:30 pm

ACN

Over the past 20 years, Accenture (NYSE:ACN) has produced an average annual return of 14.88%, outperforming the market by 7.2% annually. A $100 investment in ACN 20 years ago would now be worth $1,598.01. Accenture's current market capitalization stands at $237.20 billion.

Portfolio Pulse from Benzinga Insights

February 28, 2024 | 8:30 pm

MPTI

M-Tron Industries (NYSE:MPTI) has seen a 13.11% increase in short interest since its last report, with 163 thousand shares sold short, representing 9.32% of its float. This is significantly higher than its peer group average of 3.45%. The rise in short interest suggests a bearish market sentiment towards MPTI, but it's also noted that an increase in short interest can sometimes be bullish.

Portfolio Pulse from Benzinga Insights

February 28, 2024 | 8:30 pm

ONL

Orion Office REIT's shares dropped following the announcement of disappointing Q4 financial results and a forecast for FY24 Core FFO that falls below analyst expectations.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 8:27 pm