Streetbeat News

Stock Prices

BAC

Bank of America Corp (NYSE:BAC) is set to announce its Q1 earnings on April 16, with Wall Street expecting 77 cents EPS and $25.4 billion in revenues. The stock's technical analysis shows a moderately bearish trend, with its price below the 8-day and 20-day SMAs but above the 50-day and 200-day SMAs. The MACD indicator supports a bullish sentiment, while the RSI suggests the stock is oversold. Analysts have an Overweight consensus rating on BAC, with a price target of $35.36, indicating a potential upside.

Portfolio Pulse from Surbhi Jain

April 15, 2024 | 6:46 pm

APPS

Digital Turbine (NYSE:APPS) has seen a significant decrease in short interest, down 34.44% to 5.47 million shares, representing 7.52% of its float. This reduction in short positions suggests a shift in market sentiment towards the stock, potentially indicating a more bullish outlook among investors. The current short interest still places Digital Turbine above its peer group average of 5.85%. The change in short interest is an important indicator of investor sentiment and market trends.

Portfolio Pulse from Benzinga Insights

April 15, 2024 | 6:45 pm

TFX

Teleflex (NYSE:TFX) has seen a 20.56% increase in short interest since its last report, with 888 thousand shares sold short, representing 2.99% of its float. This indicates a bearish market sentiment, although it's below the peer group average of 4.12% short interest. The coverage time for these short positions is approximately 3.15 days based on current trading volumes.

Portfolio Pulse from Benzinga Insights

April 15, 2024 | 6:45 pm

DAY

Dayforce (NYSE:DAY) has seen a 9.61% increase in short interest, now at 9.69 million shares or 9.47% of float, indicating a bearish market sentiment. With a 7.43 days to cover, it exceeds its peer average of 4.99% in short interest, suggesting higher bearish sentiment compared to its peers.

Portfolio Pulse from Benzinga Insights

April 15, 2024 | 6:45 pm

BTCUSD

SPY

Last week, both the S&P 500 and Bitcoin experienced declines, attributed to higher-than-expected inflation data and its implications on Federal Reserve rate decisions. A Benzinga poll revealed that 54% of users favor buying the dip in the S&P 500 over Bitcoin, which received 46% of votes. The S&P 500 ETF Trust (SPY) has seen significant gains, up 25.6% over the last year and 7.8% year-to-date in 2024. Bitcoin's performance has also been strong, with a 113% increase over the last year and a 46% rise year-to-date, buoyed by optimism around Bitcoin ETFs and the upcoming Bitcoin halving.

Portfolio Pulse from Chris Katje

April 15, 2024 | 6:42 pm

BTCUSD

Max Keizer, CEO of BecauseBitcoin.com, described the recent Bitcoin price drop from $70,500 to $62,800 as a 'healthy shakeout' rather than a market crash. He remains optimistic about the ongoing bull market, citing historical cycles and advising investors to expect more fluctuations. The weekend's sell-off, which saw major cryptocurrencies lose up to 18% of their value, was exacerbated by $2 billion in liquidated futures positions. Keizer's comments come ahead of Benzinga's Future of Digital Assets conference, which will discuss market dynamics and the Bitcoin halving.

Portfolio Pulse from Murtuza Merchant

April 15, 2024 | 6:40 pm

BHVN

Biohaven shares are trading lower following the announcement of data presentation at the 2024 American Academy of Neurology Annual Meeting this weekend.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 6:36 pm

LGVN

MRNS

NMRA

RARE

SNGX

SNPO

U.S. stocks declined, with the S&P 500 dropping over 1%. Health care shares slightly rose, while information technology shares fell by 1.8%. U.S. retail sales increased by 0.7% in March. Soligenix, Longeveron, and Snap One Holdings saw significant stock increases, while Marinus Pharmaceuticals, Neumora Therapeutics, and Ultragenyx Pharmaceutical experienced notable declines.

Portfolio Pulse from Avi Kapoor

April 15, 2024 | 6:30 pm

SLB

Schlumberger's (NYSE:SLB) short interest has decreased by 8.11% since the last report, with 19.39 million shares sold short, representing 1.36% of its float. This decrease in short interest could indicate a more bullish sentiment towards SLB among traders. Compared to its peers, SLB has a lower short interest percentage of float, with the average being 7.06%.

Portfolio Pulse from Benzinga Insights

April 15, 2024 | 6:30 pm

XPO

$100 invested in XPO Logistics (NYSE:XPO) 5 years ago would now be worth $545.39, showcasing an annualized return of 40.15% and outperforming the market by 28.44%. XPO's market cap stands at $14.48 billion.

Portfolio Pulse from Benzinga Insights

April 15, 2024 | 6:30 pm