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RMD

ResMed's (NYSE:RMD) short interest has increased to 7.89 million shares, representing 6.12% of its float, a rise of 3.03% since the last report. It would take approximately 7.51 days for traders to cover their short positions based on current trading volumes. This increase in short interest could indicate a more bearish market sentiment towards RMD, although it's not a definitive predictor of stock price movement. ResMed has a higher short interest compared to its peer group average of 3.98%.

Portfolio Pulse from Benzinga Insights

April 30, 2024 | 1:45 pm

BTCUSD

CROUSD

ETHUSD

PENDLEUSD

Cryptocurrency market sees a downturn with Ethereum falling below $3,000 and Bitcoin trading below $62,000. The global crypto market cap dropped to $2.24 trillion, a 2.8% decline. Cronos emerged as the top gainer, while Pendle faced the largest loss among cryptocurrencies over the past 24 hours.

Portfolio Pulse from Avi Kapoor

April 30, 2024 | 1:38 pm

AAPL

AMD

AMZN

DJT

META

NVDA

PYPL

SOFI

TSLA

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 1:35 pm

Viceroy Research has taken a short position on Globe Life (NYSE:GL) after an extensive investigation into the company and its subsidiary, American Income Life (AIL), revealing allegations of fraud, kidnapping, assault, and child grooming by AIL's agents. The investigation, which reviewed over 11,000 documents and 40GB of data, also uncovered fraudulent sales tactics and structural cash flow issues within AIL. The severity of these findings suggests potential significant outcomes from Department of Justice and EEOC investigations.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 1:35 pm

AAPL

FINX

IPAY

PYPL

PayPal Holdings Inc (NASDAQ:PYPL) reported a 9% year-over-year revenue growth to $7.7 billion in the fiscal first quarter, surpassing the consensus estimate of $7.5 billion but missing EPS estimates with $1.08 per share against an expected $1.22. Total payment volumes rose 14% to $403.9 billion, despite a 1% decrease in total active accounts to 427 million. The company saw an operating margin expansion to 18.2% and forecasts a 6.5%-7% revenue increase for Q2. PayPal anticipates a mid to high single-digit percentage increase in full-year 2024 adjusted EPS. The company faces competitive pressure from Apple Inc (NASDAQ:AAPL) but remains focused on strategic initiatives and cost savings. PayPal's stock has declined by 11% over the past year but recently saw a 5.81% increase to $70.90.

Portfolio Pulse from Anusuya Lahiri

April 30, 2024 | 1:33 pm

MCD

McDonald's Corp (NYSE:MCD) reported a Q1 FY24 sales growth of 4.6% to $6.17 billion, slightly above analyst expectations but saw its shares slide due to an adjusted EPS of $2.70 missing estimates by $0.02. Global comparable sales increased by 1.9%, with U.S. sales up 2.5%. Operating income rose 8% to $2.7 billion. The company anticipates a mid-to-high 40% operating margin for FY24 and plans to open about 2,100 restaurants globally.

Portfolio Pulse from Shivani Kumaresan

April 30, 2024 | 1:32 pm

SGBX

Safe & Green Holdings Corp. (NASDAQ:SGBX) announced a 1-for-20 reverse stock split effective May 2, 2024, to meet Nasdaq's minimum bid price requirements and improve marketability. The split was approved by stockholders and aims to enhance the capital structure and tighten public float. No fractional shares will be issued; instead, cash payments will be made for fractional shares. Holdings will be adjusted electronically by Equiniti Trust Company LLC.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 1:31 pm

BONKUSD

DOGEUSD

FLOKIUSD

Cryptocurrency trader 'Crash' highlighted the wealth concentration in meme coins Bonk, Dogecoin, and Floki, with top holders owning a significant portion of the supply. Despite criticism, Crash argues this concentration is typical for successful cryptocurrencies and advises investors to focus on profit rather than fairness. Data shows a high percentage of wealth concentration among top holders and a significant number of transactions and holders in profit for these coins. The performance of these meme coins varies, with Bonk leading in 12-month gains and Floki in three-month gains.

Portfolio Pulse from Khyathi Dalal

April 30, 2024 | 1:31 pm

TRV

Travelers Companies (NYSE:TRV) has seen a decrease in short interest, now at 1.47% of float, lower than its peer group average of 1.73%. This reduction from 3.35 million shares suggests a more bullish sentiment among investors. The article highlights the importance of tracking short interest as an indicator of market sentiment and compares Travelers Companies' short interest against its peers, noting that a decrease can signal increased bullishness.

Portfolio Pulse from Benzinga Insights

April 30, 2024 | 1:30 pm

CPT

Camden Prop Trust's (NYSE:CPT) short interest has decreased by 3.19% since the last report, with 2.98 million shares sold short, representing 3.95% of its float. The current short interest suggests a bullish sentiment as it is lower than the peer group average of 2.88%. The decrease in short interest indicates fewer traders are betting against the stock, which could be a positive sign for its short-term performance.

Portfolio Pulse from Benzinga Insights

April 30, 2024 | 1:30 pm