Streetbeat News

Stock Prices

PHM

PulteGroup's (NYSE:PHM) short interest has increased by 28.84%, with 5.10 million shares sold short, representing 2.77% of its float. It would take about 3.02 days to cover these short positions. This rise in short interest can indicate a bearish market sentiment towards PHM, although it has less short interest compared to its peer group average of 5.35%. The increase in short interest doesn't necessarily predict a price drop but suggests traders are betting more on its decline.

Portfolio Pulse from Benzinga Insights

March 04, 2024 | 2:45 pm

BNTX

INVA

OGN

PROC

TXMD

The article highlights five healthcare sector stocks considered to be value stocks due to their low price-to-earnings (P/E) multiples, suggesting they may be undervalued. These stocks are Organon (OGN), BioNTech (BNTX), TherapeuticsMD (TXMD), Innoviva (INVA), and Procaps Gr (PROC), each with specific P/E values and recent earnings per share data. The piece emphasizes the potential for value stocks to rebound but also notes the risk that the expected emergence may not occur.

Portfolio Pulse from Benzinga Insights

March 04, 2024 | 2:44 pm

UNH

UnitedHealth Group Incorporated (NYSE:UNH) reported a 15% year-over-year revenue growth for 2023, reaching $371.6 billion, driven by its Optum and UnitedHealthcare divisions. Despite a slight decrease in net margin, earnings from operations grew by 14% to $32.4 billion. The company also showcased strong cash flows and a 27% return on equity, returning $14.8 billion to shareholders through dividends and repurchases. UnitedHealth Group reaffirmed its 2024 performance objectives, excluding impacts from the sale of its Brazil operations.

Portfolio Pulse from Tornado

March 04, 2024 | 2:44 pm

ASTR

BIVI

FUFU

JAGX

JOAN

QNRX

U.S. stocks traded lower with the Dow Jones falling over 100 points. Sea Limited reported better-than-expected sales for Q4, while shares of BitFuFu, Quoin Pharmaceuticals, and Jaguar Health surged. Conversely, BioVie, Astra Space, and JOANN Inc. saw significant drops. Oil and gold prices increased slightly.

Portfolio Pulse from Avi Kapoor

March 04, 2024 | 2:44 pm

FUFU

Trading of BitFuFu shares has resumed.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 2:44 pm

PHUN

Phunware shares have resumed trading, indicating a potential shift in market dynamics for the company.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 2:43 pm

Visa Inc. (NYSE:V) reported strong fiscal Q1 2024 results, with an 8% increase in payments volume and a 16% rise in cross-border volume. GAAP EPS rose by 20%, and non-GAAP EPS by 11%. The company expanded its acceptance locations by 17% and network tokens by 55%. Despite challenges like Regulation II impact and weather-related slowdowns, Visa remains optimistic about its future, bolstered by strategic partnerships and a commitment to innovation.

Portfolio Pulse from Tornado

March 04, 2024 | 2:43 pm

BTCUSD

DOGEUSD

Dogecoin (DOGE) experienced a 15% jump amid ETF speculation and significant whale movements, with a 245 million DOGE movement reported. Dogecoin's creator and other experts expressed optimism for its price and a potential Doge ETF, citing bullish technical indicators and a high percentage of profitable holders.

Portfolio Pulse from Khyathi Dalal

March 04, 2024 | 2:43 pm

PHUN

Phunware shares were halted due to a circuit breaker trigger after the stock surged by 43.4%. This significant increase in stock price indicates a high level of trading volatility or a substantial change in the company's valuation.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 2:41 pm

BIVI

BioVie Inc. (BIVI) shares have declined following the announcement of a public offering's pricing. This move typically indicates the company is seeking to raise capital, which can dilute existing shareholders' equity but also potentially fund growth initiatives.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 2:41 pm