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Stock Prices

ACGL

Arch Capital Group (NYSE:ACGL) has seen a 10.85% increase in its short percent of float, now at 1.43% of all regular shares available for trading. This indicates a rise in bearish sentiment among investors. However, compared to its peers, ACGL has a lower short interest percentage.

Portfolio Pulse from Benzinga Insights

May 28, 2024 | 6:30 pm

DUOL

RDDT

JMP Securities analyst Andrew Boone upgraded Duolingo, Inc. (NASDAQ:DUOL) from Market Perform to Market Outperform with a price target of $260. Key growth drivers include the broader rollout of Max, optimization of subscription tiers, and the launch of a conversational experience. Duolingo's shares have declined ~21% year to date, making the valuation more reasonable. The analyst sees significant potential for revenue growth from the new features and upgrades.

Portfolio Pulse from Nabaparna Bhattacharya

May 28, 2024 | 6:20 pm

MSTR

SMCI

MicroStrategy Inc (NASDAQ:MSTR) is set to join the Russell 1000 Index, marking its transition from a small-cap to a large-cap stock. This inclusion, along with its recent rally and strategic developments, has set a bullish tone for MicroStrategy stock. The company is also making strides in blockchain technology with the development of the 'Orange protocol' for decentralized identification on the Bitcoin blockchain. Technical indicators and analyst expectations suggest a favorable outlook for the stock.

Portfolio Pulse from Surbhi Jain

May 28, 2024 | 6:17 pm

VKTX

Deep-pocketed investors have adopted a bearish approach towards Viking Therapeutics (NASDAQ:VKTX), as revealed by Benzinga's options scanner. The significant options activity includes 4 puts totaling $799,745 and 9 calls amounting to $315,579, with 76% of the sentiment being bearish. The stock is currently trading at $63.27, up by 0.83%, with an RSI suggesting it may be approaching oversold. Analysts have mixed ratings with a consensus target price of $118.0.

Portfolio Pulse from Benzinga Insights

May 28, 2024 | 6:16 pm

DD

RSPM

TINT

BofA Securities analyst Steve Byrne raised the price target for DuPont de Nemours, Inc. (NYSE:DD) from $74 to $80 while maintaining an Underperform rating. The analyst believes DuPont's strategic split into three companies could unlock value, particularly in the Water and Electronics businesses, but PFAS liabilities remain a significant risk. Investors can gain exposure to DuPont through ProShares Smart Materials ETF (NYSE:TINT) and Invesco S&P 500 Equal Weight Materials ETF (NYSE:RSPM).

Portfolio Pulse from Lekha Gupta

May 28, 2024 | 6:14 pm

NXPI

ON

The semiconductor industry has seen significant fluctuations, with NXP Semiconductors NV (NASDAQ:NXPI) showing stability and growth, while ON Semiconductor Corp (NASDAQ:ON) presents higher growth potential despite recent declines. Analysts have set price targets indicating potential upsides for both stocks.

Portfolio Pulse from Surbhi Jain

May 28, 2024 | 6:05 pm

BZFD

BuzzFeed Inc (NASDAQ:BZFD) shares are trading higher after Vivek Ramaswamy, a former 2024 presidential candidate, wrote a letter to BuzzFeed’s board and revealed an increased stake in the company. Ramaswamy now holds an 8.37% stake and is advocating for significant strategic changes to improve the company's performance.

Portfolio Pulse from Adam Eckert

May 28, 2024 | 6:02 pm

KBE

KRE

SPY

XLF

The Federal Reserve released the minutes for its discount rate meetings held between April 8 and May 1. All Reserve Banks voted to hold the discount rate steady in April.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 6:02 pm

FCEL

FuelCell Energy, Inc. (NASDAQ:FCEL) shares have surged over 25% in the past five days, driven by increased tariffs on Chinese goods announced by President Joe Biden. The company is set to report its Q2 financial results on June 10, with analysts expecting a loss of 8 cents per share and revenue of $21.351 million. The stock is trending on Yahoo Finance and trading on heavy volume.

Portfolio Pulse from Erica Kollmann

May 28, 2024 | 6:02 pm

PEGY

Pineapple Energy Inc. (NASDAQ:PEGY) shares surged after its subsidiary SUNation signed a 1.95-megawatt project. The project will start in early July and features an expedited installation. The stock has seen heavy trading volume and a significant price increase.

Portfolio Pulse from Erica Kollmann

May 28, 2024 | 6:00 pm