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QBTS

D-Wave Quantum (NYSE:QBTS) has seen a significant decrease in short interest, with a 40.38% drop to 5.48 million shares, representing 6.04% of its float. This reduction in short interest, which now takes traders approximately 1 day to cover, could indicate a shift in market sentiment towards a more bullish outlook for QBTS. The company's short interest is also below its peer group average of 9.00%, suggesting a relatively positive performance against its competitors.

Portfolio Pulse from Benzinga Insights

April 08, 2024 | 2:15 pm

BALL

Ball Corporation (NYSE:BALL) has seen a 5.14% increase in its short percent of float since the last report, with 10.77 million shares sold short, representing 3.89% of available shares. This indicates a bearish market sentiment towards BALL, as it takes traders approximately 5.97 days to cover their short positions. Comparatively, Ball's short interest is higher than its peer group average of 2.59%, suggesting more bearish sentiment towards Ball than its peers.

Portfolio Pulse from Benzinga Insights

April 08, 2024 | 2:15 pm

NDAQ

SHEL

Shell is contemplating a move to list its shares in New York, a decision driven by the desire for a more favorable regulatory and investment environment. This consideration comes amid growing frustrations with the current London listing, particularly regarding regulatory constraints and the investment climate. The move is seen as a way to potentially unlock greater value for shareholders and align more closely with a significant portion of its investor base.

Portfolio Pulse from Charles Gross

April 08, 2024 | 2:13 pm

SUPN

Supernus Pharmaceuticals Inc. (NASDAQ:SUPN) received a second Complete Response Letter (CRL) from the FDA for its investigational device, SPN-830, aimed at treating Parkinson's disease. The FDA's concerns relate to product quality and the master file for the infusion device. Despite no clinical safety or efficacy issues being identified, the FDA requires additional information for approval. Supernus plans to work with the device manufacturer to address these issues. SUPN stock dropped 9% in premarket trading and closed down 1.61% at $33.01.

Portfolio Pulse from Vandana Singh

April 08, 2024 | 2:11 pm

MPWR

Monolithic Power Systems' stock (MPWR) is trading higher following Keybanc's decision to maintain an Overweight rating and increase the price target from $830 to $850.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 2:09 pm

PTN

Palatin Technologies Inc. (NYSE:PTN) announced positive Phase 3 results for PL9643 in treating dry eye disease, showing significant efficacy and safety. The dry eye disease market is expected to grow to $7.46 billion by 2029. PTN shares surged 33.1% to $2.34.

Portfolio Pulse from Vandana Singh

April 08, 2024 | 2:02 pm

SAIA

Over the past 15 years, Saia (NASDAQ:SAIA) has significantly outperformed the market, with an average annual return of 32.59%, turning a $1000 investment into $65,832.48. Saia's market capitalization currently stands at $15.73 billion.

Portfolio Pulse from Benzinga Insights

April 08, 2024 | 2:01 pm

MSFT

Over the past 15 years, Microsoft (NASDAQ:MSFT) has significantly outperformed the market, yielding an average annual return of 22.86%. A $100 investment in MSFT 15 years ago would now be worth $2,166.30. Microsoft's market capitalization currently stands at $3.15 trillion.

Portfolio Pulse from Benzinga Insights

April 08, 2024 | 2:00 pm

SPSC

SPS Commerce (NYSE:SPSC) has seen a decrease in short interest, with shares sold short falling to 634 thousand, representing 2.36% of available shares. This decrease suggests a more bullish sentiment among investors towards SPSC. Compared to its peers, SPSC has a lower short interest percentage, indicating potentially stronger investor confidence in the company.

Portfolio Pulse from Benzinga Insights

April 08, 2024 | 2:00 pm

SPY

The USA Conference Board Employment Trends Index for March was reported at 112.84, showing an increase from the previous month's figure of 112.29. This indicates a positive trend in employment, suggesting a strengthening labor market.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 2:00 pm