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SHIBUSD

Shiba Inu (CRYPTO: SHIB) is down 5.3% despite a 144% increase in active accounts and a 73.4% rise in trading volume, indicating growing investor optimism. ShibaSwap's expansion to operate on Shibarium and Ethereum networks, with Bone as the gas fee token, aims to enhance SHIB's utility. The increase in transactions and active accounts, along with a significant portion of SHIB holders in profit, suggests a positive outlook for SHIB despite the current price drop.

Portfolio Pulse from Khyathi Dalal

April 29, 2024 | 7:46 pm

ZS

Investors have shown a bearish stance on Zscaler (NASDAQ:ZS), with options trading revealing 81% bearish sentiment. Benzinga's options scanner identified 11 unusual trades, indicating a price target range of $180 to $250 for ZS. The largest trades include both bearish and bullish positions, with a notable volume and open interest in options within the $180 to $250 strike price range. Zscaler, a cloud-native cybersecurity SaaS firm, has seen its stock price increase by 0.73% to $178.34, with a neutral RSI. Analysts have issued mixed ratings, with a consensus target price of $236.67.

Portfolio Pulse from Benzinga Insights

April 29, 2024 | 7:46 pm

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PSNY

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TSLA

Shares of electric vehicle (EV) stocks are experiencing an uptick in trading, likely influenced by Tesla's progress with its Full Self-Driving (FSD) technology in China. This development has contributed to a positive sentiment across the EV sector.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 7:42 pm

KNSL

Kinsale Capital Group's stock (KNSL) trades lower following a downgrade by RBC Capital from Outperform to Sector Perform.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 7:38 pm

CLSK

Recent options trading activity indicates a bearish stance on Cleanspark (NASDAQ:CLSK) by big money investors, with a split sentiment of 38% bullish and 46% bearish. The trading activity suggests an expected price range of $15.0 to $35.0 for CLSK over the next three months. The company, a bitcoin mining entity, saw its stock price decrease by -7.7%, with a current price of $17.75. Analyst ratings from JP Morgan, HC Wainwright & Co., and Cantor Fitzgerald offer mixed views with target prices ranging from $15 to $27. The next earnings report is due in 10 days.

Portfolio Pulse from Benzinga Insights

April 29, 2024 | 7:31 pm

TTD

Trade Desk (NASDAQ:TTD) has significantly outperformed the market with an average annual return of 29.38% over the past 5 years, turning a $1000 investment into $3,734.68 today. The company now has a market capitalization of $41.08 billion.

Portfolio Pulse from Benzinga Insights

April 29, 2024 | 7:30 pm

NUE

Over the past decade, Nucor (NYSE:NUE) has delivered an average annual return of 13.03%, outperforming the market by 2.5% annually. A $100 investment in NUE 10 years ago would now be worth $338.34, showcasing the impact of compounded returns on investment growth. Nucor's current market capitalization stands at $41.99 billion.

Portfolio Pulse from Benzinga Insights

April 29, 2024 | 7:30 pm

DJT

Trump Media & Technology Group's shares saw an increase following the company's guidance to shareholders on preventing their shares from being lent out for short selling. This move could potentially reduce the number of shares available for shorting, possibly leading to a decrease in short selling pressure on the stock.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 7:25 pm

DKNG

The 2024 NFL Draft set records with a focus on offensive players, especially quarterbacks and wide receivers. Detroit hosted the event for the first time, breaking attendance records. DraftKings Inc (NASDAQ:DKNG) released betting odds for the 2024 NFL Rookie of the Year, highlighting favorites among newly drafted players.

Portfolio Pulse from Chris Katje

April 29, 2024 | 7:20 pm

TDY

Teledyne Technologies (NYSE:TDY) has seen a 23.6% increase in short interest since its last report, with 801 thousand shares sold short, representing 2.2% of its float. This indicates a bearish sentiment among investors, although it's below the peer group average of 6.71%. The rise in short interest suggests increased bearishness but doesn't necessarily predict a near-term price drop.

Portfolio Pulse from Benzinga Insights

April 29, 2024 | 7:15 pm