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GBTC

IBIT

Bitcoin spot ETFs experienced a net outflow of $261 million, with Grayscale Bitcoin Trust (GBTC) seeing a significant outflow of $386 million, contributing to its total net outflow of $13.27 billion. In contrast, BlackRock's IBIT ETF reported a net inflow of $49.28 million, indicating a shift in investor preference within the cryptocurrency ETF space.

Portfolio Pulse from Murtuza Merchant

March 21, 2024 | 5:31 pm

SCS

SWVL

In Thursday's intraday session, several industrials stocks experienced significant movements. Notably, Swvl Holdings, Complete Solaria, Laser Photonics, Clean Energy Technologies, Exela Technologies, and Lavoro saw their stocks rise by 26.8%, 22.41%, 20.97%, 20.1%, 19.5%, and 19.09% respectively. Conversely, Spire Global, Zoomcar Holdings, ShiftPixy, Steelcase, VCI Global, and Primech Holdings faced declines in their stock prices.

Portfolio Pulse from Benzinga Insights

March 21, 2024 | 5:31 pm

AUID

MU

MVLA

NSYS

In Thursday's intraday session, 12 Information Technology stocks showed significant movements. Notable gainers included Nortech Systems (NSYS) with a 24.9% increase, and Micron Technology (MU) rising by 16.75% following their Q2 earnings report. On the downside, Movella Holdings (MVLA) plummeted by 61.6%, and AuthID (AUID) fell by 24.74% after releasing their Q4 earnings. The movements reflect a mix of earnings reports and market reactions.

Portfolio Pulse from Benzinga Insights

March 21, 2024 | 5:31 pm

RDDT

Reddit Inc (NYSE:RDDT) opened for trading at $47, surpassing its targeted IPO range of $31-$34. The IPO was five times oversubscribed, indicating strong investor interest. Analysts predict a significant impact on the tech industry, with Reddit allocating 8% of IPO shares to its active users and insiders. Despite negative discussions on r/WallStreetBets, Reddit's stock rose to $52 post-IPO. This marks Reddit as the first major IPO of 2024, potentially influencing the IPO market's future.

Portfolio Pulse from Adam Eckert

March 21, 2024 | 5:24 pm

LLY

NVO

Medicare may cover Novo Nordisk's Wegovy for members with heart disease history. FDA approved Wegovy for obesity and cardiovascular disease management. Novo Nordisk's trials showed significant benefits in heart and kidney health. CMS may allow Part D plans to cover anti-obesity drugs under certain conditions. Germany's health ministry addressed Ozempic export concerns amid shortages. NVO shares rose 0.51%.

Portfolio Pulse from Vandana Singh

March 21, 2024 | 5:23 pm

RDDT

Reddit shares have seen an increase in their trading value following their debut on the New York Stock Exchange (NYSE).

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 5:22 pm

RDFN

Redfin (NYSE:RDFN) has seen a 7.71% increase in its short percent of float since the last report, with 21.81 million shares sold short, representing 28.07% of its available trading shares. This indicates a bearish market sentiment towards RDFN, although it's not a definitive predictor of a price drop. Redfin's short interest is significantly higher than its peer group average of 7.09%, suggesting more bearish sentiment compared to its peers.

Portfolio Pulse from Benzinga Insights

March 21, 2024 | 5:16 pm

RDDT

Reddit's shares opened for trading at $47 per share, significantly higher than its IPO price of $34 per share.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 5:16 pm

MDT

Medtronic's (NYSE:MDT) short interest has decreased by 9.76% since the last report, with 9.81 million shares sold short, representing 0.74% of its float. The current short interest suggests a bullish sentiment as it is lower than the peer group average of 4.40%. The decrease in short interest indicates fewer traders are betting against the stock, which could be a positive sign for its short-term price movement.

Portfolio Pulse from Benzinga Insights

March 21, 2024 | 5:16 pm

SPR

Spirit AeroSystems Holdings (NYSE:SPR) has seen a 13.5% increase in short interest since its last report, with 12.31 million shares sold short, representing 10.68% of its float. This indicates a bearish market sentiment, although it's higher than its peer group average of 3.07% short interest. The article suggests that an increase in short interest can sometimes be bullish for a stock.

Portfolio Pulse from Benzinga Insights

March 21, 2024 | 5:15 pm