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VRT

Investors have shown a mixed sentiment towards Vertiv Hldgs (NYSE:VRT), with options trading indicating both bullish and bearish positions. The trading activity includes 30 unusual options trades, with a split sentiment of 50% bullish and 50% bearish. The focus is on a price band between $37.5 and $100.0. The current market status of VRT shows a 3.16% increase in stock price to $69.12, with an RSI suggesting it may be approaching overbought territory. Analyst ratings vary, with a consensus target price of $65.33.

Portfolio Pulse from Benzinga Insights

March 12, 2024 | 6:00 pm

WING

$100 invested in iShares Fallen Angels High Yield Corp Bond UCITS ETF USD (Dist) (NASDAQ:WING) 5 years ago would now be worth $501.42, showcasing an annualized return of 37.03% and outperforming the market by 24.23%. The ETF currently has a market cap of $9.81 billion.

Portfolio Pulse from Benzinga Insights

March 12, 2024 | 6:00 pm

ARES

Ares Management (NYSE:ARES) has significantly outperformed the market in the last 5 years, with an annualized return of 41.03%, turning a $1000 investment into $5,580.96. The company's market capitalization stands at $25.64 billion.

Portfolio Pulse from Benzinga Insights

March 12, 2024 | 6:00 pm

IVP

Inspire Veterinary Partners received a staff determination from Nasdaq on March 8, indicating the company's securities will be delisted from the Nasdaq Capital Market, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 5:53 pm

RIVN

TSLA

Rivian Automotive Inc (RIVN) held its R2/R3 launch event, receiving positive feedback from investors and RBC Capital. Analyst Tom Narayan reiterated a Sector Perform rating with a $15 price target, noting Rivian's strategy changes, including production shifts and battery options, could accelerate profitability. However, concerns about competition and EV demand persist, advising investors to wait for proof of profitable vehicle production.

Portfolio Pulse from Adam Eckert

March 12, 2024 | 5:48 pm

META

PSTG

Pure Storage (PSTG) shares are declining as traders share information from 'The Fly' indicating that Meta Platforms (META) appears to be moving away from using third-party Pure Storage hardware for AI, according to Wedbush.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 5:46 pm

PKG

Packaging Corp of America (NYSE:PKG) has seen a 19.02% increase in short interest, now at 1.85 million shares or 2.44% of float. This indicates a bearish market sentiment, though it's below the peer group average of 5.60%. The rise in short interest doesn't necessarily predict a price drop.

Portfolio Pulse from Benzinga Insights

March 12, 2024 | 5:45 pm

KR

Kroger's (NYSE:KR) short interest has increased by 27.47% since the last report, with 22.00 million shares sold short, representing 3.48% of its float. It would take about 4.45 days to cover all short positions. This rise in short interest could indicate a more bearish market sentiment towards Kroger, although it has less short interest compared to its peer group average of 3.85%.

Portfolio Pulse from Benzinga Insights

March 12, 2024 | 5:45 pm

PFGC

Performance Food Group's (NYSE:PFGC) short interest has decreased by 6.21% since the last report, with 1.82 million shares sold short, representing 1.51% of its float. The current short interest suggests a bullish sentiment as it is lower than the peer group average of 5.16%. The decrease in short interest indicates fewer traders are betting against the stock, which could be a positive sign for its short-term performance.

Portfolio Pulse from Benzinga Insights

March 12, 2024 | 5:45 pm

TTE

TotalEnergies SE's refinery in Port Arthur, Texas, experienced a shutdown of its coker and small crude distillation unit due to a leak in the gasoline-producing fluidic catalytic cracker. The units are expected to be shut for 1-2 days for repairs. This incident follows a three-month overhaul of the FCC that ended in late November and a plantwide power outage in January. Additionally, TotalEnergies and QatarEnergy recently acquired interests in Block 3B/4B offshore South Africa. TTE shares saw a slight increase of 0.24% to $66.26.

Portfolio Pulse from Lekha Gupta

March 12, 2024 | 5:42 pm