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Stock Prices

BTCUSD

10x Research, a crypto research firm, has sold all their holdings due to concerns over potential price corrections for risk assets, including stocks and crypto, primarily due to persistent inflation. They highlight the importance of portfolio diversification and caution against relying solely on U.S. baby boomers buying Bitcoin following BlackRock's ETF promotion. The firm is bearish on risk assets, having sold their tech stocks and holding only a few high-conviction cryptocurrencies, awaiting better buying levels.

Portfolio Pulse from Khyathi Dalal

April 17, 2024 | 7:00 pm

ABR

Arbor Realty Trust (NYSE:ABR) has seen a 5.74% increase in its short percent of float since the last report, with 72.92 million shares sold short, representing 39.99% of available shares. This high level of short interest, compared to its peer group average of 5.25%, indicates a bearish market sentiment towards ABR, although it's noted that increasing short interest can sometimes be bullish.

Portfolio Pulse from Benzinga Insights

April 17, 2024 | 7:00 pm

DOGEUSD

Dogecoin (CRYPTO: DOGE) has experienced a 3.02% decrease in price over the last 24 hours, marking a continuation of its 22.0% decline over the past week. The current price is $0.15, down from $0.19. This period has also seen a 17.0% decrease in trading volume and a 0.51% reduction in circulating supply, now at 143.88 billion. Dogecoin's market cap ranking is currently #9, valued at $21.66 billion.

Portfolio Pulse from Benzinga Insights

April 17, 2024 | 7:00 pm

EFSH

1847 shares are trading lower following the announcement of their Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 7:00 pm

ZAPP

Zapp Electric Vehicles announced a reverse stock split, leading to its shares trading lower.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 6:58 pm

DOGEUSD

SHIBUSD

Meme coins Dogecoin (DOGE) and Shiba Inu (SHIB) experienced a downturn, with DOGE down 2% and SHIB slightly up by 0.2% over the past 24 hours. Despite a rise in Dogecoin's daily active addresses and a high correlation with Bitcoin, which is also down, both coins saw a decrease in large transaction volumes and SHIB's burn rate. However, the long-term outlook remains optimistic with expectations of a peak in the coming months and a notable interest in holding these coins.

Portfolio Pulse from Khyathi Dalal

April 17, 2024 | 6:57 pm

AVGO

Piper Sandler analyst Harsh V. Kumar reiterated an Overweight rating on Broadcom Inc (NASDAQ:AVGO) with a price target of $1,650, highlighting its leadership in generative AI computing and potential in the XPU market. Despite a $50 billion opportunity in computing and networking, adoption hesitancy remains. Broadcom's streamlined product offerings and market strategies are expected to enhance customer relations and business stickiness. Kumar notes Broadcom's technological lead in Switch Products and its strategic focus on scaling out. Barclays analyst Tom O'Malley also maintained an Overweight rating, raising the price target to $1,500. AVGO shares dropped 2.63% to $1,294.09.

Portfolio Pulse from Anusuya Lahiri

April 17, 2024 | 6:55 pm

BEEM

Beam Global's shares increased following the announcement of mixed financial results for Q4. The company's performance in the last quarter has attracted investor attention, leading to a positive movement in its stock price.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 6:55 pm

AGFY

Agrify's stock price is on the rise following the announcement that Nature's Miracle will acquire the company. This acquisition indicates a significant development for Agrify, potentially altering its market position and financial outlook.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 6:52 pm

ETCUSD

Ethereum Classic (ETC) experienced a 2.6% drop to $25.67 amid a broader decline in altcoins, influenced by a decrease in Bitcoin's price. Bitcoin's price movements often affect the sentiment in the cryptocurrency market, impacting other cryptocurrencies like Ethereum Classic. Technical similarities and changes between these cryptocurrencies can also influence their market perceptions.

Portfolio Pulse from Henry Khederian

April 17, 2024 | 6:46 pm