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Stock Prices

GXAI

Shares of Gaxos.Ai (GXAI) were halted on a circuit breaker due to a significant upside movement, with the stock now up 405.9%. This dramatic increase in stock price triggered the halt to manage volatility and ensure orderly market conditions.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 2:31 pm

META

Over the past 10 years, Meta Platforms (NASDAQ:META) has outperformed the market with an annualized return of 21.27%, turning a $1000 investment into $7,037.91 today. The company currently boasts a market capitalization of $1.22 trillion.

Portfolio Pulse from Benzinga Insights

February 16, 2024 | 2:31 pm

BEAMUSD

BTCUSD

ETHUSD

RNDRUSD

Cryptocurrency prices saw notable movements with Ethereum (ETH) surpassing the $2,800 mark and Bitcoin (BTC) trading above $52,000. Render (RNDR) emerged as the top gainer, while Beam (BEAM) was the biggest loser in the last 24 hours. The U.S. PPI data showed a 0.3% rise in January, the largest in five months, which was higher than analysts' expectations. The global crypto market cap increased to $1.97 trillion, marking a 0.7% gain.

Portfolio Pulse from Avi Kapoor

February 16, 2024 | 2:31 pm

CROX

Crocs, Inc. (NYSE:CROX) has seen a 12.82% decrease in short interest, now at 5.10 million shares or 11.63% of its float. This indicates a shift in market sentiment, potentially becoming more bullish. The short interest in Crocs is higher than its peer group average of 6.49%, suggesting more bearish sentiment compared to its peers. The coverage time for short positions is approximately 4.02 days based on current trading volumes.

Portfolio Pulse from Benzinga Insights

February 16, 2024 | 2:30 pm

AMD

Advanced Micro Devices (NYSE:AMD) has seen a decrease in short interest, with the short percent of float falling 12.06% to 2.48% of all shares available for trading. This indicates a reduction in bearish sentiment among traders. Compared to its peers, AMD has a lower short interest percentage, suggesting a relatively positive market sentiment towards the company.

Portfolio Pulse from Benzinga Insights

February 16, 2024 | 2:30 pm

BECN

Beacon Roofing Supply (BECN) has seen a 26.93% increase in short interest since its last report, with 2.11 million shares sold short, representing 5.09% of its float. This indicates a bearish market sentiment, although it's not a definitive predictor of stock price movement. BECN's short interest is above its peer group average of 4.67%, suggesting more bearish sentiment compared to its peers.

Portfolio Pulse from Benzinga Insights

February 16, 2024 | 2:30 pm

THS

TreeHouse Foods, Inc. (NYSE:THS) shares dropped after reporting mixed Q4 results and a FY24 outlook below expectations. The company's Q4 adjusted EPS was above consensus, but net sales missed estimates and decreased by 4.8% due to supply chain disruptions. Adjusted EBITDA and gross profit percentage also declined. TreeHouse Foods repurchased 1.2 million shares in Q4. The FY24 revenue outlook is below analyst estimates, attributed to efforts to restart a broth facility.

Portfolio Pulse from Nabaparna Bhattacharya

February 16, 2024 | 2:28 pm

BLZE

Backblaze shares surged following the announcement of their Q4 financial results, which exceeded expectations. Additionally, the company provided optimistic revenue guidance for Q1 and the full fiscal year 2024, surpassing analysts' forecasts.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 2:28 pm

DIS

Disney board member Carolyn Everson stated in a CNBC interview that Nelson Peltz has not presented a strategic plan or idea that would justify his inclusion in the boardroom.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 2:27 pm

CPS

Cooper-Standard Holdings reported disappointing Q4 financial results and provided FY24 revenue guidance that fell short of expectations, leading to a decline in its share price.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 2:23 pm