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Stock Prices

Permian Resources (NYSE:PR) has seen a decrease in short interest, now at 7.91% of float, down 4.81% since the last report. With 40.83 million shares sold short, it would take about 2.94 days to cover all short positions. This change may indicate a shift in market sentiment towards PR, potentially signaling increased bullishness among investors. PR's short interest is higher than its peer group average of 6.60%, suggesting a mixed sentiment in comparison.

Portfolio Pulse from Benzinga Insights

April 12, 2024 | 4:45 pm

GBTC

Grayscale CEO Michael Sonnenshein announced plans to reduce the management fees of the Grayscale Bitcoin Trust (GBTC) from its current 1.5% to be more competitive with the 0.30% average of its U.S. spot Bitcoin ETF peers. This decision comes as the market for Bitcoin products matures and GBTC, which converted into an ETF in January after winning a lawsuit against the SEC, faces the highest net outflows among U.S. Bitcoin ETFs. Sonnenshein emphasized the importance of GBTC as a capital markets and risk transference tool for investors seeking Bitcoin exposure.

Portfolio Pulse from Murtuza Merchant

April 12, 2024 | 4:45 pm

LOVE

Lovesac shares are trading lower following price target reductions by Roth MKM and Canaccord Genuity.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 4:44 pm

ROKU

Roku, Inc. (NASDAQ:ROKU) shares fell after the company reported a data leak affecting 576,000 accounts, in addition to an earlier incident involving 15,000 accounts. The leaks were due to credential stuffing attacks. Wells Fargo maintained an Underweight rating on ROKU and lowered its price target from $51 to $45. Roku is implementing controls to prevent future incidents.

Portfolio Pulse from Nabaparna Bhattacharya

April 12, 2024 | 4:33 pm

SPY

Fed's Goolsbee remarks that market movements are largely 'mostly noise,' but acknowledges that financial conditions have a long-term impact on the economy. This statement suggests a cautious approach to interpreting short-term market fluctuations while recognizing their eventual influence on economic health.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 4:32 pm

AMGN

Recent analysis of Amgen's (NASDAQ:AMGN) options activity shows a bearish sentiment among traders, with 53% engaging in bearish trades. The analysis highlighted unusual trading volume, with a focus on put options, indicating a potential price target range for AMGN between $140.0 and $470.0. Despite this bearish outlook, Amgen remains a leader in biotechnology, with a diverse portfolio of therapeutics and recent acquisitions aimed at expanding its offerings in rare diseases. The current market status of AMGN shows a slight decrease in stock price, with an RSI indicating a neutral position.

Portfolio Pulse from Benzinga Insights

April 12, 2024 | 4:31 pm

CMCM

GCTS

HKD

IFBD

INTZ

PRST

QMCO

SLNH

SLNHP

VIAO

In Friday's intraday session, 11 Information Technology stocks showed significant movement. Soluna Holdings, Presto Automation, Intrusion, AMTD Digital, and Cheetah Mobile were among the gainers, with increases in their stock prices. Conversely, Soluna Holdings, VIA optronics, GCT Semiconductor Hldgs, Nano Labs, Quantum, and Infobird Co experienced declines.

Portfolio Pulse from Benzinga Insights

April 12, 2024 | 4:31 pm

CNXA

CPNG

IRBT

LXEH

SOND

In Friday's intraday session, 12 consumer discretionary stocks showed significant movement. Gainers included Connexa Sports Techs, Sonder Holdings, Coupang, BT Brands, Xcel Brands, and Smart Share Glb with increases ranging from 8.1% to 18.5%. Losers were Lixiang Education Hldg, Golden Heaven Group Hldgs, Hour Loop, Meta Data, JX Luxventure, and iRobot, with declines between 11.78% and 26.2%.

Portfolio Pulse from Benzinga Insights

April 12, 2024 | 4:31 pm

CYCCP

MOTS

PXMD

QTTB

RANI

In Friday's intraday session, several healthcare stocks experienced significant movements. PaxMedica (PXMD) led the gainers with a 110.9% increase, while Motus GI Holdings (MOTS) saw the largest decline at 39%. Other notable movers include Q32 Bio (QTTB), Cyclacel Pharmaceuticals (CYCCP), and Rani Therapeutics Holdings (RANI) among the gainers, and Monogram Orthopaedics (MGRM) and BioSig Technologies (BSGM) among the losers.

Portfolio Pulse from Benzinga Insights

April 12, 2024 | 4:31 pm

AGX

DCFC

GTI

LICY

TOMZ

In Friday's intraday session, several industrials stocks showed significant movement. Argan (AGX) led the gainers with a 24.4% increase following their Q4 earnings release, while Tritium DCFC (DCFC) experienced the largest drop among the losers, declining by 16.5%. Other notable movers included TOMI Environmental Solutions (TOMZ), Graphjet Tech (GTI), and Li-Cycle Holdings (LICY), reflecting a mix of market reactions to various company-specific developments.

Portfolio Pulse from Benzinga Insights

April 12, 2024 | 4:30 pm