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LUNR

Intuitive Machines (NYSE:LUNR) has seen a 21.93% increase in short interest, now at 3.02 million shares or 39.37% of float. This is significantly higher than its peer average of 10.24%. Short interest can indicate market sentiment, and while an increase suggests bearishness, it can also be a bullish signal under certain conditions.

Portfolio Pulse from Benzinga Insights

April 03, 2024 | 7:45 pm

PARA

Paramount Global's stock is on the rise after reports emerged that its board members have opted for exclusive merger discussions with Skydance.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 7:39 pm

ABUS

MRNA

Arbutus Biopharma's stock surged over 20% after a U.S. District Court ruling allowed it to pursue a patent infringement claim against Moderna concerning the mRNA technology used in Moderna's Covid vaccine. The court's decision aligns closely with Arbutus' proposed interpretations of disputed terms, marking a significant win for Arbutus and potentially posing a challenge for Moderna as the case progresses.

Portfolio Pulse from Neil Dennis

April 03, 2024 | 7:37 pm

COIN

Crypto VC firm Paradigm, co-founded by Coinbase Global Inc. (NASDAQ:COIN) co-founder Fred Ehrsam, is reportedly raising a new fund between $750 million and $850 million. This follows a period of increased fundraising activity in the crypto sector, despite Paradigm's recent challenges, including a leadership shift and involvement in a class-action lawsuit related to its investment in FTX. The firm continues to invest in the crypto industry, with significant investments like in Merkle Manufactory.

Portfolio Pulse from Murtuza Merchant

April 03, 2024 | 7:33 pm

X

United States Steel (NYSE:X) has delivered an average annual return of 18.75% over the past 5 years, outperforming the market by 6.22%. A $1000 investment in X 5 years ago would be worth $2,125.38 today. The company currently has a market capitalization of $9.43 billion.

Portfolio Pulse from Benzinga Insights

April 03, 2024 | 7:31 pm

GME

Over the past 5 years, GameStop (NYSE:GME) has outperformed the market with an annualized return of 23.24%, averaging 35.76% annually. A $100 investment in GME 5 years ago would now be worth $455.61. GameStop's current market capitalization stands at $3.45 billion.

Portfolio Pulse from Benzinga Insights

April 03, 2024 | 7:31 pm

FTNT

Fortinet shares are trading higher due to the company's Accelerate 2024 event, which is taking place from April 1-5.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 7:24 pm

ORAAF

Aura Minerals (OTCQX:ORAAF) reported significant growth in its mineral reserves, with a notable stock performance increase of almost 16% over the last month. The company's exploration activities added 2.4 million ounces in measured and indicated reserves and 856,000 in proven and probable reserves. Key developments include increases in reserves at the Aranzazu mine in Mexico, Apoena mine in Honduras, and the Borborema project in Brazil. Aura Minerals also highlighted strong production results from the previous year and projected an increase in production for 2024, with net revenues surging by 164% since 2018.

Portfolio Pulse from Stjepan Kalinic

April 03, 2024 | 7:23 pm

M

Financial analysis reveals a bearish trend in options trading for Macy's (NYSE:M), with 88% of trades showing bearish tendencies. The analysis highlighted 9 unusual trades, with a significant portion being puts. The predicted price range for Macy's is between $15.0 to $22.0. Current trading volume and price indicate a neutral position, with an earnings announcement expected in 57 days. Analysts from JP Morgan and Telsey Advisory Group have set price targets at $25 and $21, respectively.

Portfolio Pulse from Benzinga Insights

April 03, 2024 | 7:16 pm

TGT

Recent unusual options activity in Target (NYSE:TGT) shows a predominantly bearish stance by investors, with 84% of trades being bearish. The activity suggests a price range of $55.0 to $260.0 for the next three months. Notable trades include a mix of bearish, neutral, and one bullish sentiment, with significant investments in calls. Target, the nation's sixth-largest retailer, is currently trading at $175.94, slightly down by -0.17%. Analysts have mixed opinions, with target prices ranging from $160 to $206, reflecting a cautiously optimistic outlook on the stock.

Portfolio Pulse from Benzinga Insights

April 03, 2024 | 7:15 pm