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BTOG

MRDB

OUST

WETH

In Wednesday's intraday session, several Information Technology stocks showed significant movement. MariaDB (MRDB) and Ouster (OUST) were among the top gainers, with MRDB shares rising 70.2% and OUST by 34.93%, following their Q4 earnings reports. Conversely, Wetouch Technology (WETH) and Bit Origin (BTOG) led the losers, with declines of 35.2% and 24.15%, respectively.

Portfolio Pulse from Benzinga Insights

March 27, 2024 | 4:31 pm

KR

Over the past 5 years, Kroger (NYSE:KR) has outperformed the market with an annualized return of 18.85%, turning a $100 investment into $230.15 today. Kroger's market capitalization stands at $40.62 billion.

Portfolio Pulse from Benzinga Insights

March 27, 2024 | 4:30 pm

ODFL

Over the past 20 years, Old Dominion Freight Line (NASDAQ:ODFL) has significantly outperformed the market, yielding an average annual return of 25.23%. A $1000 investment in ODFL 20 years ago would be worth $88,566.45 today. The company's market capitalization currently stands at $47.16 billion.

Portfolio Pulse from Benzinga Insights

March 27, 2024 | 4:30 pm

SYK

Stryker's (NYSE:SYK) short interest has decreased by 12.03% since the last report, with 4.18 million shares sold short, representing 1.17% of its float. This decrease in short interest, which now stands below the peer group average of 4.19%, could indicate a more bullish sentiment towards SYK among investors. The current short interest suggests it would take approximately 2.32 days for traders to cover their short positions.

Portfolio Pulse from Benzinga Insights

March 27, 2024 | 4:30 pm

DLR

Digital Realty Trust (NYSE:DLR) has seen a decrease in short interest, with 11.50 million shares sold short, representing 4.33% of its float. This is a 7.68% decline from its last report, requiring an average of 5.82 days for traders to cover their short positions. The decrease in short interest may indicate a more bullish sentiment towards DLR compared to its peers, where the average short interest as a percentage of float is 3.70%.

Portfolio Pulse from Benzinga Insights

March 27, 2024 | 4:30 pm

MPC

Marathon Petroleum (NYSE:MPC) has seen a decrease in short interest, with the short percent of float falling 10.91% to 1.96% of all shares available for trading. This indicates a reduction in bearish sentiment among traders. Compared to its peers, Marathon Petroleum has a lower short interest percentage, with the average for its peer group being 8.71%. This data suggests a potentially more bullish outlook for MPC in the short term.

Portfolio Pulse from Benzinga Insights

March 27, 2024 | 4:30 pm

CCL

CUK

Carnival Corp (CCL, CUK) reported a 22% year-on-year sales growth in Q1 2024, reaching $5.406 billion, slightly missing estimates. The stock declined by 2.55%, trading at $16.59. Despite a temporary relocation of Carnival Legend due to Baltimore Harbor's Key Bridge collapse, technical analysis shows strong bullish sentiment, with indicators suggesting a buying opportunity.

Portfolio Pulse from Surbhi Jain

March 27, 2024 | 4:30 pm

HOOD

Robinhood Markets Inc (NASDAQ:HOOD) introduced the Robinhood Gold Card, offering 3% cash back on all categories with no annual or foreign transaction fees, aiming to make its Gold membership a 'no-brainer'. The card is part of an effort to centralize customer financial transactions and assets under Robinhood, leveraging the profitability of credit cards and the ecosystem of Robinhood Gold, which includes various benefits for a $5 monthly fee. HOOD shares rose 2.78% to $19.82 following the announcement.

Portfolio Pulse from Adam Eckert

March 27, 2024 | 4:25 pm

ADBE

At the Adobe Summit, analysts from BMO Capital Markets, JPMorgan, Oppenheimer, Piper Sandler, and BofA Securities provided positive outlooks on Adobe Inc. (NASDAQ:ADBE), focusing on its AI innovations and product integrations. Despite reiterating 2024 guidance, the consensus is that Adobe's GenAI initiatives, particularly in enterprise use cases and digital experience, position it as a leader in AI and could drive significant growth. Adobe's stock saw a slight decline to $502.33.

Portfolio Pulse from Priya Nigam

March 27, 2024 | 4:25 pm

F

Ford shares are trading higher following the company's presentation at the BofA Auto Summit on Tuesday.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 4:23 pm