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WULF

TeraWulf (NYSE:WULF) has seen a 5.2% increase in its short percent of float, now at 17.4% with 39.67 million shares sold short. This indicates a bearish market sentiment, although it's higher than its peers' average of 6.39%. Short interest is a key indicator of market sentiment, and an increase suggests investors are expecting the price to fall. However, high short interest can also lead to bullish outcomes under certain conditions.

Portfolio Pulse from Benzinga Insights

May 06, 2024 | 4:00 pm

NVT

Analysts have updated their ratings on nVent Electric (NYSE:NVT), showing a positive shift with an average 12-month price target of $82.5, up 15.87% from the previous target. The company's financials indicate strong performance with a notable revenue growth rate of 16.13%, a net margin of 29.6%, and an ROE of 8.38%. nVent Electric, specializing in electrical connection and protection solutions, demonstrates a solid market position despite a market capitalization below industry averages.

Portfolio Pulse from Benzinga Insights

May 06, 2024 | 4:00 pm

RGLD

Royal Gold (NYSE:RGLD) has seen a 21.56% increase in short interest since its last report, with 2.67 million shares sold short, representing 6.09% of its float. This indicates a bearish market sentiment, although it's higher than its peer group average of 2.37% short interest. The data suggests caution, as an increase in short interest can signal market expectations of a price decline, but it also could be seen as a bullish sign if investors anticipate a short squeeze.

Portfolio Pulse from Benzinga Insights

May 06, 2024 | 4:00 pm

BL

There was significant activity in BlackLine's options market, with 4500 contracts for June 21 $62.5 calls bought at $3.59 each, compared to an open interest of 133. This activity occurred with BlackLine's stock price at $60.325, ahead of their earnings announcement on May 7.

Portfolio Pulse from Charles Gross

May 06, 2024 | 3:59 pm

SHAK

BTIG analyst Peter Saleh has maintained a Buy rating on Shake Shack (NYSE:SHAK) and increased the price target from $120 to $125.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 3:57 pm

LLY

Deep-pocketed investors are showing a bullish sentiment towards Eli Lilly and Co (NYSE:LLY), with a significant move in options trading detected by Benzinga. The trading activity includes 35 extraordinary options activities, with a bullish majority of 62% and a bearish minority of 31%. The price band focus is between $240.0 and $860.0. Eli Lilly, a drug firm focusing on various therapeutic areas, has seen its stock price increase by 2.32% to $752.02. Analyst ratings in the last 30 days have set an average price target of $866.2 for LLY.

Portfolio Pulse from Benzinga Insights

May 06, 2024 | 3:45 pm

JBLU

Barclays analyst Brandon Oglenski has maintained an Underweight rating on JetBlue Airways (NASDAQ:JBLU) and lowered the price target from $6 to $5.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 3:44 pm

XERS

Xeris Biopharma Holdings, Inc (NASDAQ:XERS) shares rose after announcing a worldwide collaboration and license agreement with Beta Bionics to develop and release a glucagon product using Xeris's XeriSol technology. The agreement includes potential development payments and royalties for Xeris. The company is also set to release its Q1 2024 earnings, with an expected EPS loss of 12 cents and revenue of $41.815 million.

Portfolio Pulse from Dylan Berman

May 06, 2024 | 3:37 pm

IREN

Iris Energy saw significant options activity with a sweep of 500 Aug 16 $10 calls at $0.6, against an open interest of 28,011, ahead of its earnings report on May 17. The stock reference price was $5.3.

Portfolio Pulse from Charles Gross

May 06, 2024 | 3:31 pm

ANF

Whale investors have shown a bullish sentiment towards Abercrombie & Fitch (ANF), with options activity indicating a target price range of $60.0 to $140.0. The analysis of options trades reveals a mix of bullish and neutral sentiments, with significant trades in both puts and calls. ANF's current trading volume is 289,490, with a slight price decrease of -0.54%, standing at $128.07. The stock may be nearing overbought territory, with an earnings release expected in 23 days. An analyst from Argus Research maintains a Buy rating with a target price of $130.

Portfolio Pulse from Benzinga Insights

May 06, 2024 | 3:31 pm