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Stock Prices

CODX

Co-Diagnostics (NYSE:CODX) has seen a 12.61% increase in short interest, now at 381 thousand shares or 1.25% of float, indicating a bearish market sentiment. Despite this, it's below the peer group average of 4.35% short interest. High short interest can sometimes be bullish, suggesting potential for a short squeeze.

Portfolio Pulse from Benzinga Insights

April 02, 2024 | 5:45 pm

SNV

Synovus Financial Corp's (NYSE:SNV) short interest has decreased by 24.79% since the last report, with 5.78 million shares sold short, representing 4.43% of its float. The current short interest suggests a bullish sentiment among investors, as it takes an average of 3.4 days to cover short positions. Synovus has a higher short interest compared to its peer group average of 3.92%, indicating more bearish sentiment towards it than its peers.

Portfolio Pulse from Benzinga Insights

April 02, 2024 | 5:45 pm

NNN

NNN REIT (NYSE:NNN) has seen an 8.09% increase in its short percent of float since the last report, with 3.92 million shares sold short, representing 2.94% of available shares. It would take about 2.53 days to cover these short positions. This rise in short interest indicates a more bearish market sentiment towards NNN REIT, although it has less short interest compared to its peer group average of 5.48%.

Portfolio Pulse from Benzinga Insights

April 02, 2024 | 5:45 pm

SPY

Fed's Daly stated that maintaining the current policy stance is appropriate at this time, suggesting no immediate changes to interest rates or monetary policy. This stance could influence market sentiment and investor behavior, particularly affecting the performance of broad market ETFs like SPY.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 5:43 pm

SPY

Fed's Daly commented on the need to assess the duration for maintaining current interest rates, noting that inflation is decreasing, albeit gradually and unevenly.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 5:42 pm

PYPL

PayPal Holdings Inc (NASDAQ:PYPL) experienced a stock surge, forming a Golden Cross, indicating bullish sentiment. This was influenced by a collaboration with Visa Inc (NYSE:V) and the addition of Ernst & Young CEO Carmine Di Sibio to its board. The Golden Cross, a bullish technical signal, was formed as PayPal's 50-day SMA surpassed its 200-day SMA. Despite a 14.54% decline in one-year performance, PayPal has shown resilience with a 4.78% increase year-to-date. Technical indicators like MACD and Bollinger Bands also suggest a bullish trend, although RSI indicates an overbought condition.

Portfolio Pulse from Surbhi Jain

April 02, 2024 | 5:42 pm

BTCUSD

ETHUSD

Bitcoin and Ethereum have both experienced significant price drops, falling below critical support levels at $68,330 and $3,460-$3,500, respectively. This downturn is attributed to stronger growth and inflation data influencing market sentiment and expectations for interest rate cuts. Ethereum faces additional challenges with weakened fundamentals and potential overvaluation, while the crypto market adjusts to macroeconomic shifts and a possible change in Federal Reserve's monetary policy.

Portfolio Pulse from Murtuza Merchant

April 02, 2024 | 5:36 pm

BIDU

GOOG

GOOGL

META

NFLX

RBLX

SNAP

TKO

TTD

Today's session highlighted significant options activity for 10 communication services stocks, indicating potential trading opportunities based on whale alerts. These alerts track large transactions and can signal shifts in market sentiment. The stocks involved include GOOGL, T, NFLX, META, TKO, BIDU, SNAP, GOOG, RBLX, and TTD, with various sentiments and expiration dates.

Portfolio Pulse from Benzinga Insights

April 02, 2024 | 5:35 pm

ASO

BABA

CVNA

DASH

LAD

PVH

RIVN

TSLA

Today's whale activity in the Consumer Discretionary sector highlighted significant options trading in stocks like TSLA, RIVN, ASO, SN, CVNA, BABA, LAD, PVH, JD, and DASH. The trades varied in sentiment from bullish to bearish, with notable volumes and strike prices. This activity could indicate potential market movements or investor sentiment towards these stocks.

Portfolio Pulse from Benzinga Insights

April 02, 2024 | 5:35 pm

AAPL

AMD

CIFR

CLSK

MSFT

NET

NVDA

PLTR

SMCI

Today's whale activity in the Information Technology sector shows significant options trading on stocks like NVDA, AMD, MU, MSFT, AAPL, CLSK, PLTR, SMCI, CIFR, and NET. The trades indicate varying sentiments, with bullish calls on NVDA, AMD, MSFT, and SMCI, a neutral stance on AAPL and PLTR, and bearish sentiment on MU, CLSK, CIFR, and NET. The options activity, including both call and put options with varying expiration dates and strike prices, suggests traders are positioning for potential moves in these stocks.

Portfolio Pulse from Benzinga Insights

April 02, 2024 | 5:35 pm