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MSTR

MicroStrategy shares are trading higher, correlating with an increase in Bitcoin's value.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 1:08 pm

COIN

Coinbase shares are trading higher following the news that the company has been granted a registration license in Canada. Additionally, the increase in the stock price may be attributed to a rise in Bitcoin value.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 1:06 pm

CAG

ConAgra Brands Inc (NYSE:CAG) reported a slight decline in Q3 FY24 sales but beat analyst expectations with $3.03 billion in revenue and an adjusted EPS of $0.69. Despite a 2% decrease in organic net sales, the company saw growth in its Grocery & Snacks segment and improved margins. ConAgra reaffirmed its FY24 outlook, expecting a slight decrease in organic net sales and an adjusted EPS between $2.60 and $2.65. Shares rose 4.92% in premarket trading.

Portfolio Pulse from Shivani Kumaresan

April 04, 2024 | 1:01 pm

UDMY

Udemy (NASDAQ:UDMY) received mixed analyst ratings with a recent average price target of $15.29, reflecting a 17.62% increase from the previous target. The ratings include various actions such as 'Maintains', 'Lowers', and 'Raises' from firms like Needham, Baird, and JP Morgan. Udemy's market performance shows a 14.65% revenue growth but struggles with profitability and efficiency, indicated by below-industry standards in net margin, ROE, and ROA. The company's debt management appears sound with a low debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

April 04, 2024 | 1:01 pm

CC

Chemours (NYSE:CC) has seen an increase in short interest, now at 4.4% of its float, which is 3.53% higher than the last report. With 4.88 million shares sold short, it would take about 1.71 days to cover all short positions. This rise in short interest indicates a more bearish market sentiment towards Chemours, although it's below the peer group average of 4.57%. The increase in short interest can be a complex signal, potentially bullish under certain conditions.

Portfolio Pulse from Benzinga Insights

April 04, 2024 | 1:01 pm

CHK

Recent analyst reviews of Chesapeake Energy (NASDAQ:CHK) show diverse opinions, with a shift towards a more bullish outlook over the last three months. The average 12-month price target for CHK has increased to $96.8, reflecting a positive adjustment in market expectations. Despite facing challenges such as a significant revenue decline and below-average ROE, Chesapeake Energy's strong net margin and ROA, along with efficient debt management, present a mixed financial picture. Analyst actions, including rating adjustments and price target changes, indicate varying responses to the company's performance and market conditions.

Portfolio Pulse from Benzinga Insights

April 04, 2024 | 1:00 pm

AEP

American Electric Power's (NYSE:AEP) short interest has increased by 17.46% since the last report, with 11.70 million shares sold short, representing 2.22% of its float. It would take approximately 2.54 days to cover these short positions. The increase in short interest can indicate a bearish market sentiment towards AEP, although it has less short interest compared to its peer group average of 2.67%. This information suggests investors are showing increased bearishness but AEP is still performing better in this aspect than most of its peers.

Portfolio Pulse from Benzinga Insights

April 04, 2024 | 1:00 pm

NVT

nVent Electric (NYSE:NVT) has seen a 16.67% increase in its short percent of float since the last report, with 1.95 million shares sold short, representing 1.19% of available shares. This indicates a bearish sentiment among investors, although it's not a definitive predictor of stock performance. nVent's short interest is below its peer group average of 11.07%, suggesting less bearish sentiment compared to its peers.

Portfolio Pulse from Benzinga Insights

April 04, 2024 | 1:00 pm

EFTRW

Trading halt status was updated at 9:00:00 AM ET, indicating a resumption of quotations, news, and resumption times.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 1:00 pm

LW

Lamb Weston's stock traded lower following its Q3 earnings and revenue misses, alongside a reduced forecast for FY24.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 12:59 pm