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TRV

Travelers Companies (NYSE:TRV) has seen a decrease in short interest, now at 1.47% of float, lower than its peer group average of 1.73%. This reduction from 3.35 million shares suggests a more bullish sentiment among investors. The article highlights the importance of tracking short interest as an indicator of market sentiment and compares Travelers Companies' short interest against its peers, noting that a decrease can signal increased bullishness.

Portfolio Pulse from Benzinga Insights

April 30, 2024 | 1:30 pm

CPT

Camden Prop Trust's (NYSE:CPT) short interest has decreased by 3.19% since the last report, with 2.98 million shares sold short, representing 3.95% of its float. The current short interest suggests a bullish sentiment as it is lower than the peer group average of 2.88%. 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

April 30, 2024 | 1:30 pm

ALT

Altimmune (NYSE:ALT) has seen a 41.55% increase in short interest since its last report, with 17.73 million shares sold short, representing 25.21% of its float. This places Altimmune's short interest significantly above its peer group average of 12.27%. The rise in short interest suggests a bearish market sentiment towards ALT, but it's also noted that an increase in short interest can sometimes be bullish.

Portfolio Pulse from Benzinga Insights

April 30, 2024 | 1:30 pm

IPWR

Ideal Power Inc. (IPWR) received an order for SymCool power modules from a Forbes Global 500 power management market leader, part of its B-TRAN test and evaluation program. The modules, offering lower conduction losses and improved efficiency over IGBTs, are being evaluated for use in solid-state circuit breaker products for industrial markets. Ideal Power expects sales to ramp up in the second half of 2024 and has provided high-volume quotes for these modules.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 1:29 pm

MA

Mastercard Inc (NYSE:MA) is expected to report strong Q1 earnings with $3.23 EPS and $6.3 billion in revenues. Despite historically exceeding expectations and benefiting from high transaction volumes, current stock trends are bearish. The stock is trading below its short and medium-term moving averages, indicating selling pressure. However, long-term indicators suggest potential bullishness. Risks include competition and interchange fees. Analyst consensus rates MA as a Buy with a target of $446.87, with recent targets suggesting up to $545.

Portfolio Pulse from Surbhi Jain

April 30, 2024 | 1:29 pm

MPC

Marathon Petroleum's stock is trading lower after the company reported its first-quarter earnings.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 1:27 pm

CLSK

MARA

MSTR

RIOT

Bitcoin mining stocks including Marathon Digital Holdings Inc (MARA), Riot Platforms Inc (RIOT), and CleanSpark Inc (CLSK) are trading lower amid a drop in bitcoin prices and following poor financial results from MicroStrategy Inc (MSTR). Bitcoin's price fell about 2.22%, affecting demand for bitcoin ETFs and mining stocks. MicroStrategy reported a 5% year-over-year revenue decline and a quarterly loss, impacting sentiment. Upcoming earnings reports from MARA, RIOT, and CLSK are also in focus.

Portfolio Pulse from Adam Eckert

April 30, 2024 | 1:25 pm

SMSI

Smith Micro Software, Inc. (SMSI) has regained compliance with Nasdaq's minimum bid price requirement for continued listing on The Nasdaq Capital Market, after its stock price closed at or above $1.00 for 12 consecutive business days from April 11, 2024, to April 26, 2024.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 1:25 pm

MSTR

MicroStrategy Inc (NASDAQ:MSTR) reported Q1 financial results below expectations, with a 5% year-over-year revenue decline to $115.2 million, missing estimates. The company also reported a significant quarterly loss and a decrease in various revenue streams. Despite this, MicroStrategy continued its Bitcoin investment strategy, purchasing 25,250 Bitcoin, bringing its total holdings to 214,400 Bitcoin. Following the report, Canaccord Genuity maintained a Buy rating on MSTR but lowered the price target from $1,810 to $1,590. MSTR shares dropped 6.88% to $1,204.00.

Portfolio Pulse from Adam Eckert

April 30, 2024 | 1:25 pm

AGBA

AGBA Group Holding Limited's stock price has increased following the announcement of its plans to proceed with the previously-announced merger with Triller.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 1:23 pm