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PGR

The short percent of float for Progressive (NYSE:PGR) has increased by 5.63% since its last report, with 4.38 million shares sold short, representing 0.75% of all regular shares available for trading. This increase in short interest could indicate a bearish market sentiment towards Progressive. However, compared to its peers, Progressive has less short interest as a percentage of float, with the average being 1.65%.

Portfolio Pulse from Benzinga Insights

September 12, 2023 | 7:30 pm

MNST

Monster Beverage (NASDAQ:MNST) has outperformed the market over the past 10 years by 9.41% on an annualized basis, producing an average annual return of 19.46%. If an investor had bought $100 of MNST stock 10 years ago, it would be worth $605.49 today.

Portfolio Pulse from Benzinga Insights

September 12, 2023 | 7:30 pm

ADBE

Adobe shares are trading lower, potentially in sympathy with Oracle, which fell on Q1 earnings.

Portfolio Pulse from Bill Haddad

September 12, 2023 | 7:28 pm

TSVT

Traders are circulating a note from Guggenheim that downgrades the stock of 2seventy Bio.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2023 | 7:28 pm

WFC

Wells Fargo's shares are trading higher after the company's presentation at the Barclays Global Financial Services Conference.

Portfolio Pulse from Bill Haddad

September 12, 2023 | 7:24 pm

ADBE

Adobe Inc. (NASDAQ:ADBE) shares are trading lower, pulling back from recent strength. The stock had moved higher following NVIDIA's earnings report, but fell over 4% ahead of Adobe's Q3 earnings report. Analysts from BMO Capital and Wells Fargo raised their price targets on Adobe to $640 and $625 respectively.

Portfolio Pulse from Ryan Gustafson

September 12, 2023 | 7:23 pm

JNJ

Unusual options activity has been observed for Johnson & Johnson (NYSE:JNJ), with a large position indicating a bullish stance. The sentiment among these big-money traders is split between 69% bullish and 30% bearish. The whales have been targeting a price range from $135.0 to $195.0 for Johnson & Johnson over the last 3 months. The price of JNJ is up 0.51% at $163.49. Cantor Fitzgerald and Morgan Stanley have given an Overweight and Equal-Weight rating respectively, with price targets of $215 and $172.

Portfolio Pulse from Benzinga Insights

September 12, 2023 | 7:15 pm

VLO

Valero Energy (NYSE:VLO) has seen unusual options activity, with a significant bearish stance taken by a whale investor. Of the 13 strange trades detected, 38% were bullish and 61% were bearish. The total amount for puts was $139,180 and for calls was $1,099,040. The targeted price range for Valero Energy over the last 3 months has been $85.0 to $170.0. The current price of VLO is up 1.76% at $146.27. Wells Fargo, Mizuho, Goldman Sachs, and B of A Securities have maintained their ratings on Valero Energy.

Portfolio Pulse from Benzinga Insights

September 12, 2023 | 7:15 pm

INTC

Intel Corporation (NASDAQ:INTC) is selling its 10% stake in the IMS Nanofabrication business to TSMC for $4.3 billion, expected to close in Q4 2023. This follows Intel's June agreement to sell a 20% stake in IMS to Bain Capital. Intel will retain majority ownership of IMS, operating it as a standalone subsidiary. The news has led to a 1.53% increase in Intel's stock price.

Portfolio Pulse from Ryan Gustafson

September 12, 2023 | 7:12 pm

AU

BMO Capital Markets analyst Raj Ray has upgraded AngloGold Ashanti Limited (NYSE:AU) to Outperform from Market Perform, raising the price target to $22 from $19. The analyst is optimistic about the company's corporate reorganization and new portfolio rationalization techniques. AngloGold's share price is down ~41% from its May 2023 peak, which presents a more attractive entry point. The analyst also raised FY23 and FY24 EPS estimates.

Portfolio Pulse from Nabaparna Bhattacharya

September 12, 2023 | 7:09 pm