Streetbeat News

Stock Prices

ARKB

ARKK

COIN

SARK

TARK

Coinbase (NASDAQ:COIN) experienced a significant Bitcoin withdrawal, leaving it with its lowest reserve since 2015. Despite this, the company's financials remain strong, with a positive net income and EBITDA. Cathie Wood's ARK Innovation ETF (NYSE:ARKK) holds COIN as its largest asset, and the ARK 21Shares Bitcoin ETF (NYSE:ARKB) was among the first of its kind. The AXS 2X Innovation ETF (NASDAQ:TARK) and AXS Short Innovation Daily ETF (NASDAQ:SARK) offer leveraged and inverse exposure to ARKK, respectively.

Portfolio Pulse from Johnny Rice

February 21, 2024 | 5:49 pm

ENTG

Entegris (NYSE:ENTG) has seen a 7.89% increase in short interest since its last report, with 5.66 million shares sold short, representing 4.24% of its float. The current short interest suggests a bearish market sentiment, although it's lower than the peer group average of 6.82%. The article highlights the importance of tracking short interest as an indicator of market sentiment and compares Entegris's short interest against its peers.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 5:45 pm

FSLY

Fastly's (NYSE:FSLY) short interest has increased by 6.89% since the last report, with 7.91 million shares sold short, representing 6.52% of its float. This indicates a bearish market sentiment towards FSLY, although it's higher than its peer group average of 5.65%. The article suggests that an increase in short interest doesn't necessarily predict a price drop.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 5:45 pm

HWM

Howmet Aerospace (NYSE:HWM) has seen a 33.33% increase in its short percent of float since the last report, with 4.82 million shares sold short, representing 1.48% of available shares. This indicates a bearish sentiment among investors, although it's not a definitive predictor of stock price movement. Howmet's short interest is below its peer group average of 2.99%, suggesting less bearish sentiment compared to its peers.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 5:45 pm

TDOC

Teladoc Health Inc (NYSE:TDOC) shares plummeted after reporting Q4 revenue below expectations and weak Q1 guidance. Analysts from RBC Capital Markets, DA Davidson, Piper Sandler, Stifel, Truist, and Guggenheim provided mixed reviews, adjusting price targets and expressing concerns over growth and profitability. Despite some positive aspects like chronic care enrollment growth, the overall sentiment was cautious, with a significant stock price drop.

Portfolio Pulse from Avi Kapoor

February 21, 2024 | 5:44 pm

Li Auto Inc.'s CEO, Li Xiang, has called on the Chinese government to facilitate mergers and acquisitions among struggling electric vehicle (EV) manufacturers to avoid social losses from company failures. He highlighted the need for industry consolidation, citing the U.S. Big Three auto giants as an example. This comes amid a slow start to the year for China's new-energy vehicle sales, with January shipments to dealers dropping 37% compared to December. The intense competition in China's EV market has led to a significant reduction in the number of manufacturers, from around 500 in 2019 to about 100 last year.

Portfolio Pulse from Nabaparna Bhattacharya

February 21, 2024 | 5:43 pm

SPNT

SiriusPoint shares are trading lower following the announcement of their Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 5:41 pm

WIX

Wix.com's shares surged following the announcement of their Q4 financial results, which exceeded expectations. Additionally, the company provided positive guidance for the future.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 5:41 pm

HUIZ

SKWD

SPNT

In Wednesday's intraday session, insurance stocks saw significant movements. Huize Holding, Fanhua, Tiptree, Waterdrop, Cheche Group, and Assured Guaranty were among the gainers, while SiriusPoint, Lemonade, Skyward Specialty, SelectQuote, Hippo Holdings, and Mercury General were the losers. Notably, SiriusPoint and Skyward Specialty's Q4 earnings were released yesterday, impacting their stock prices.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 5:40 pm

BLDR

CAR

EMR

FDX

PAYC

PCTY

UAL

UBER

Today's session highlighted significant whale activity in the options market for 10 industrials stocks, indicating bearish sentiment for most, except for CAR which showed bullish sentiment. The activity involved both put and call options across various expiration dates and strike prices, with notable trades for companies like EMR, WM, BLDR, UBER, BA, FDX, UAL, PCTY, PAYC, and CAR.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 5:35 pm