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BONKUSD

Bonk (CRYPTO: BONK) experienced a 121% increase over the week, despite facing sell pressure after its listing on Robinhood Crypto EU for select jurisdictions. The listing allows users to trade Bonk and earn Bitcoin rewards. Additionally, Bonk launched its first public game, MoonwalkFitness, with an entry fee of 1.234 million BONK tokens. Despite a 24-hour trading volume of $1.85 billion, Bonk's price is currently down 20%. The coin ranks fourth in social activity among meme coins and has been trending on Stocktwits.

Portfolio Pulse from Khyathi Dalal

March 05, 2024 | 7:29 pm

Z

ZG

RBC Capital Markets commented on the short report from Spruce Point Capital about Zillow, stating that there was nothing incremental in the report. This suggests that the findings from Spruce Point may not have significant new information or impact on Zillow's stock.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 7:22 pm

C

Citi's CEO announced at the RBC Capital Markets Conference that they expect the investment banking revenue to grow by a low-teens percentage in the first quarter.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 7:21 pm

TGT

Target Corp (NYSE:TGT) shares rose after reporting Q4 2023 revenue of $31.92 billion, a 1.7% increase YOY, surpassing estimates. Analysts from JPMorgan, Goldman Sachs, BofA Securities, and Telsey provided insights, highlighting lower markdowns, reduced freight costs, and a favorable product mix as success drivers. They anticipate Target's growth strategy for 2024 to focus on innovations, market share gains, and profitability recovery, with price targets ranging from $160 to $176.

Portfolio Pulse from Surbhi Jain

March 05, 2024 | 7:18 pm

PLAB

Photronics (NYSE:PLAB) has seen a 6.54% increase in its short percent of float since the last report, with 2.46 million shares sold short, representing 4.89% of available shares. This indicates a bearish market sentiment, although it's below the peer group average of 6.64%. The article suggests that an increase in short interest doesn't necessarily predict a stock price fall.

Portfolio Pulse from Benzinga Insights

March 05, 2024 | 7:15 pm

RKLB

Rocket Lab USA (NYSE:RKLB) has seen a significant increase in short interest, with the short percent of float rising 105.78% since the last report, reaching 16.01% of all shares available for trading. This indicates a bearish sentiment among investors, although it doesn't necessarily predict a near-term price drop. Compared to its peers, Rocket Lab USA has a much higher short interest, suggesting more skepticism about its performance.

Portfolio Pulse from Benzinga Insights

March 05, 2024 | 7:15 pm

MNST

Monster Beverage's (NYSE:MNST) short interest has increased by 18.6%, with 13.32 million shares sold short, representing 2.04% of its float. It would take approximately 2.73 days to cover these short positions. This rise in short interest can indicate a bearish market sentiment towards MNST, although it has less short interest compared to its peers' average of 7.50%. The increase in short interest doesn't necessarily predict a price drop but suggests traders are betting against the stock.

Portfolio Pulse from Benzinga Insights

March 05, 2024 | 7:15 pm

AISP

APGE

CNSL

DAVE

QNRX

TDUP

U.S. stocks traded lower with the Dow Jones falling around 350 points. Energy shares rose by 1.3%, while information technology shares fell by 2.2%. Consolidated Communications Holdings Inc (CNSL) reported a narrower-than-expected Q4 loss but missed revenue expectations. Dave Inc. (DAVE) shares jumped 51% after reporting increased Q4 revenue. Airship AI Holdings, Inc. (AISP) surged 87% following a Department of Justice contract announcement. Apogee Therapeutics, Inc. (APGE) gained 51% after announcing positive trial results. Quoin Pharmaceuticals, Ltd. (QNRX) and ThredUp Inc. (TDUP) saw significant drops after announcing a public offering and reporting Q4 results, respectively.

Portfolio Pulse from Avi Kapoor

March 05, 2024 | 7:11 pm

C

Citigroup CEO Jane Fraser announced at the RBC Capital Markets Conference that preparations for the Banamex IPO are well on track for next year. This indicates a significant step in Citigroup's strategy and could have implications for its stock.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 7:08 pm

LTCUSD

Litecoin (CRYPTO: LTC) has seen a decrease of 4.7% in its price over the last 24 hours, now at $85.05, despite a 14.0% increase over the past week from $74.48. The trading volume for Litecoin has risen by 63.0%, and its circulating supply has increased by 0.47% to 74.28 million, which is 88.43% of its max supply. Currently, Litecoin's market cap ranks #22 at $6.35 billion.

Portfolio Pulse from Benzinga Insights

March 05, 2024 | 7:03 pm