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MNST

Monster Beverage Corporation (NASDAQ:MNST) has entered into an Asset Purchase Agreement with Vital Pharmaceuticals, Inc and its debtor affiliates, Bang Energy. Under the agreement, Monster will acquire substantially all of Bang Energy's assets, including a beverage production facility in Phoenix, Arizona. The deal is part of Monster's strategy to capitalize on the growing energy drink market. Bang Energy filed for Chapter 11 bankruptcy in October 2022. Monster held around $3 billion in cash and equivalents as of March 31, 2023. MNST shares are currently trading lower by 1.29% at $56.70.

Portfolio Pulse from Shivani Kumaresan

July 03, 2023 | 1:48 pm

REGN

Regeneron Pharmaceuticals's (NYSE:REGN) short percent of float has risen 7.26% since its last report, with 1.23 million shares sold short, which is 1.33% of all regular shares available for trading. It would take traders 2.54 days to cover their short positions on average. The company's short interest is less than its peer group average of 4.19%.

Portfolio Pulse from Benzinga Insights

July 03, 2023 | 1:46 pm

PANW

Palo Alto Networks's (NYSE:PANW) short percent of float has risen 5.72% since its last report, with 20.64 million shares sold short, which is 7.02% of all regular shares available for trading. It would take traders 3.31 days to cover their short positions on average. The company's short interest is higher than its peer group average of 5.30%.

Portfolio Pulse from Benzinga Insights

July 03, 2023 | 1:46 pm

NFLX

Netflix's (NYSE:NFLX) short percent of float has risen 10.53% since its last report, with 10.12 million shares sold short, which is 2.31% of all regular shares available for trading. An increase in short interest can indicate a bearish market sentiment. However, Netflix's short interest is less than its peer group average of 10.65%.

Portfolio Pulse from Benzinga Insights

July 03, 2023 | 1:45 pm

AHI

Shares of Advanced Health Intelligence (AHI) were halted on a circuit breaker to the upside, with the stock now up 23.2%.

Portfolio Pulse from Happy Mohamed

July 03, 2023 | 1:45 pm

SPY

The USA Manufacturing PMI for June was reported at 46.3, which is in line with the estimates but lower than the prior figure of 48.4.

Portfolio Pulse from Happy Mohamed

July 03, 2023 | 1:45 pm

BSVUSD

BTCUSD

CELOUSD

ETHUSD

GRTUSD

Bitcoin and Ethereum traded higher, with Bitcoin above the $31,000 level and Ethereum topping the $1,900 mark. Celo was the top gainer over the prior 24 hours, while UNUS SED LEO was the biggest loser. The global crypto market cap rose to $1.21 trillion, recording a 24-hour gain of 0.9%. The top five gainers were Celo, The Graph, Pepe, Filecoin, and BitDAO, while the top five losers were UNUS SED LEO, Synthetix, WOO Network, eCash, and Bitcoin SV.

Portfolio Pulse from Lisa Levin

July 03, 2023 | 1:44 pm

JD

Shares of JD.Com Inc (NASDAQ:JD) are trading higher by 3.84% to $35.44 ahead of U.S. Treasury Secretary Janet Yellen's upcoming visit to China. Yellen's visit is expected to focus on securing national security interests, fostering mutually beneficial growth, and cooperating on global challenges. JD.Com has a 52-week high of $68.29 and a 52-week low of $33.17.

Portfolio Pulse from Henry Khederian

July 03, 2023 | 1:37 pm

BIDU

Shares of Baidu Inc (NASDAQ:BIDU) are trading higher by 3.8% to $142.11 ahead of U.S. Treasury Secretary Janet Yellen's upcoming visit to China. Yellen's visit is expected to focus on securing national security interests, fostering mutually beneficial growth, and cooperating on global challenges like climate change and debt distress.

Portfolio Pulse from Henry Khederian

July 03, 2023 | 1:36 pm

FIS

Private equity groups are considering purchasing a majority stake in Worldpay from Fidelity National Information Services Inc (FIS) at a valuation exceeding $15 billion. This would deviate from FIS's plan to spin off Worldpay as a separate publicly traded entity. Large Wall Street lenders are reportedly discussing the possibility of financing the deal. FIS shares are up 8.41% in premarket trading.

Portfolio Pulse from Vandana Singh

July 03, 2023 | 1:30 pm