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MPW

Medical Properties Trust, Inc. (MPW) shares rose after selling its majority interest in five Utah hospitals, retaining a 25% stake in a new joint venture. The deal provided MPW with $1.1 billion in cash, expected to reduce debt and pay off a $300 million loan. MPW also declared a quarterly dividend of $0.15 per share. Analysts have mixed views on MPW, with a 1-year price target averaging $4.38, indicating a potential downside.

Portfolio Pulse from Erica Kollmann

April 15, 2024 | 2:15 pm

QCOM

Qualcomm's (NYSE:QCOM) short interest has decreased by 3.87%, with 19.41 million shares sold short, representing 1.74% of its float. This decrease suggests a more bullish sentiment among investors compared to its peers, where the average short interest is 4.41%. Short interest is a key indicator of market sentiment, and a decline may not directly imply a stock price increase but indicates fewer shares are being shorted.

Portfolio Pulse from Benzinga Insights

April 15, 2024 | 2:15 pm

CCK

Crown Holdings (NYSE:CCK) has seen a decrease in short interest, now at 2.74 million shares or 2.41% of float, indicating a potential shift in market sentiment towards the stock. The short interest decline suggests investors may be becoming more bullish on CCK, contrasting with the peer group average of 2.73% short interest.

Portfolio Pulse from Benzinga Insights

April 15, 2024 | 2:15 pm

NRXP

NRX Pharmaceuticals (NYSE:NRXP) has seen a significant increase in short interest, with the short percent of float rising 987.89% to 62.88% of all shares available for trading. This indicates a bearish market sentiment towards NRXP, as more traders are betting against the stock. However, an increase in short interest can sometimes be bullish, suggesting a potential for a short squeeze if the stock price starts to rise. NRXP's short interest is notably higher than its peer group average of 3.23%.

Portfolio Pulse from Benzinga Insights

April 15, 2024 | 2:15 pm

RDDT

Reddit Inc (NYSE:RDDT) has received varied analyst ratings and price targets following its IPO last month, the first major IPO of 2024. Analysts from Morgan Stanley, JMP Securities, Piper Sandler, Roth MKM, JPMorgan, and Needham have initiated coverage with ratings ranging from Equal-Weight to Buy and price targets between $45 and $55. Reddit's shares were down 3.12% at $40.95 at the time of publication. The company is set to report its first quarterly financial results as a public company on May 7.

Portfolio Pulse from Adam Eckert

April 15, 2024 | 2:13 pm

MRNS

Marinus Pharmaceuticals Inc (NASDAQ:MRNS) stock hit a 52-week low after announcing the continuation of the Phase 3 RAISE trial for IV ganaxolone in treating refractory status epilepticus, with results expected in summer 2024. The company remains committed to its development plans, including the Phase 3 TrustTSC trial for Ztalmy, with topline results due in Q4 2024. Preliminary Q1 2024 revenue is between $7.4 and $7.6 million, with cash reserves of $113.3 million. Cost reduction strategies are being evaluated to extend the cash runway.

Portfolio Pulse from Vandana Singh

April 15, 2024 | 2:13 pm

AKAM

EGIO

MSFT

Citron Research highlighted that Microsoft ($MSFT) has switched from using Akamai Technologies ($AKAM) to Edgeio ($EGIO) for its services, citing better tools, pricing, and support by Edgeio. Citron questions why Edgeio's stock isn't valued at $60 today, referencing the information from Copilot.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 2:08 pm

TSLA

Bloomberg reporter Ed Ludlow announced on X (formerly Twitter) that Rohan Patel, a key figure at Tesla, has left the company. This departure could have implications for Tesla's future operations and strategic direction.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 2:06 pm

SCHW

Charles Schwab's stock price increased following the announcement of its Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 2:06 pm

BTCUSD

ETHUSD

RNDRUSD

SOLUSD

Arthur Hayes, co-founder of BitMEX, expressed a bullish sentiment on Twitter following a significant market selloff, sparking a discussion on potential rebound investments. Suggestions included Render Network (RNDR), Boden (BODEN), Ethereum (ETH), and Solana (SOL), with varying opinions on their potential. The market context includes a recent plunge in Bitcoin's price and a $2 billion liquidation in futures positions, setting the stage for a recovery discussion ahead of the Benzinga Future of Digital Assets conference.

Portfolio Pulse from Murtuza Merchant

April 15, 2024 | 2:05 pm