Streetbeat News

Stock Prices

BTCUSD

ETHUSD

FLOKIUSD

XECUSD

Bitcoin and Ethereum saw price increases, trading above $67,000 and $3,700 respectively. eCash emerged as the top gainer with a 66.2% increase, while FLOKI experienced the largest loss at 13.3%. The global crypto market cap rose to $2.54 trillion, marking a 4.2% gain. Other notable gainers include Shiba Inu, Theta Network, Terra Classic, and Starknet, with significant 24-hour gains.

Portfolio Pulse from Avi Kapoor

March 05, 2024 | 2:30 pm

ARCC

Ares Capital's (NYSE:ARCC) short interest has increased by 11.9% since the last report, with 25.59 million shares sold short, representing 4.42% of its float. This indicates a bearish market sentiment towards ARCC, as it takes traders approximately 5.71 days to cover their short positions. Comparatively, ARCC has a higher short interest than its peer group average of 2.52%, suggesting more bearish sentiment towards it than its peers.

Portfolio Pulse from Benzinga Insights

March 05, 2024 | 2:30 pm

Zoom Video Communications (NYSE:ZM) has seen a 6.61% increase in short interest since its last report, with 13.27 million shares sold short, representing 5.16% of its float. This indicates a bearish market sentiment, although it's higher than the peer group average of 3.57%. The article suggests that an increase in short interest can sometimes be bullish.

Portfolio Pulse from Benzinga Insights

March 05, 2024 | 2:30 pm

APD

Air Products & Chemicals (NYSE:APD) has seen a 16.82% increase in short percent of float since its last report, with 2.76 million shares sold short, representing 1.25% of available shares. This indicates a bearish market sentiment towards APD, although it has less short interest compared to its peers' average of 2.84%. The rise in short interest doesn't necessarily predict a price drop but suggests increased bearishness among traders.

Portfolio Pulse from Benzinga Insights

March 05, 2024 | 2:30 pm

AAL

AVDL

BUD

DSP

GCO

RNA

VEEV

Wall Street analysts have updated their price targets and ratings for several US-listed companies, impacting their stock prices. Notable changes include upgrades and downgrades for companies such as Avadel Pharmaceuticals, Noble Corporation, Anheuser-Busch InBev, Sea Limited, Viant Technology, American Airlines Group, The Chemours Company, Veeva Systems, Avidity Biosciences, and Genesco Inc.

Portfolio Pulse from Avi Kapoor

March 05, 2024 | 2:30 pm

AAPL

AMD

BBAI

CORN

NIO

NVDA

SMCI

TGT

TSLA

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 2:25 pm

MYMD

MyMD Pharmaceuticals, Inc. (NASDAQ:MYMD) has regained compliance with Nasdaq's minimum bid price requirement for continued listing on the Nasdaq Capital Market. This follows a 1-for-30 reverse stock split conducted on February 14, 2024, aimed at increasing the stock's trading price. The company's stock met the required minimum closing bid price of $1.00 or more for 10 consecutive business days, achieving compliance on March 1, 2024.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 2:21 pm

GBTC

IBIT

Bitcoin spot ETFs, particularly BlackRock's iShares Bitcoin ETF (IBIT), have seen significant inflows, with IBIT attracting $420 million on March 4, despite Grayscale Bitcoin Trust (GBTC) experiencing a net outflow of $367 million. This trend underscores the growing investor interest in Bitcoin through regulated investment vehicles, highlighting the shift towards spot Bitcoin ETFs due to their lower fees and better trading structures compared to GBTC.

Portfolio Pulse from Murtuza Merchant

March 05, 2024 | 2:19 pm

AMD

The correct ticker symbol for Advanced Micro Devices is confirmed to be 'AMD'.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 2:19 pm

TSLA

Tesla Inc (NASDAQ:TSLA) shares dropped after its Gigafactory Berlin halted production due to a nearby arson attack on an electricity pylon, claimed by the Volcano Group. The incident follows a 7.16% fall in Tesla shares after a significant drop in China sales in February. Despite the disruption, Tesla had achieved a production milestone of 6,000 cars in a week in January.

Portfolio Pulse from Adam Eckert

March 05, 2024 | 2:17 pm