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ANSS

Ansys (NYSE:ANSS) has seen a 4.57% increase in its short percent of float since the last report, with 1.25 million shares sold short, representing 1.83% of available shares. It would take about 2.88 days to cover these short positions. The increase in short interest can indicate a bearish market sentiment towards ANSS, although it has less short interest compared to its peers, with an average of 4.18% in the peer group.

Portfolio Pulse from Benzinga Insights

April 05, 2024 | 3:00 pm

SOLUSD

Solana (CRYPTO: SOL) has experienced a 6.5% decrease in price over the past 24 hours, continuing a weekly downward trend of -7.0%. The trading volume for Solana has increased by 92.0% over the past week, despite a 0.23% decrease in circulating supply. Solana's market cap ranking is currently #5 at $78.93 billion.

Portfolio Pulse from Benzinga Insights

April 05, 2024 | 3:00 pm

DELL

PTF

WLDR

Dell Technologies Inc. (NYSE:DELL) shares are up due to its collaboration with Northwestern Medicine, using AI to innovate patient care, particularly in interpreting chest x-rays. The partnership has led to the development of a generative multimodal large language model (LLM) within Northwestern Medicine's secure infrastructure, supported by Dell's advanced AI technology. This initiative is expected to significantly advance healthcare. DELL stock has seen over a 200% increase in the past year, and it's also part of the Affinity World Leaders Equity ETF (BATS:WLDR) and Elevation Series Trust SRH U.S. Quality ETF (NASDAQ:PTF).

Portfolio Pulse from Nabaparna Bhattacharya

April 05, 2024 | 2:59 pm

DIS

Disney (NYSE:DIS) is set to begin its password-sharing crackdown in June, aiming to increase subscriber engagement and achieve profitability in its streaming business by the fiscal year's end. The policy, initially affecting new Disney Plus subscribers in January and extended to existing members in March, will see a global rollout in September. Disney's CFO confirmed that subscribers suspected of password sharing would need to sign up for their own subscriptions this summer. Additionally, Disney's recent merger of the Disney Plus and Hulu apps is part of its strategy to enhance user experience and reduce churn.

Portfolio Pulse from Rounak Jain

April 05, 2024 | 2:58 pm

GOOG

GOOGL

META

Meta Platforms Inc (NASDAQ:META) reached a new all-time high of $530, driven by positive analyst sentiment and technical momentum. Jefferies reiterated a Buy rating, raising the price target from $550 to $585. Despite the surge, Meta's forward P/E ratio remains competitive at 25.57, lower than most of its peers except Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL), which has a P/E of 22.37. Analysts from Jefferies, Wells Fargo, and Roth MKM suggest an average price target of $561.67, indicating a potential upside. Technical indicators remain bullish, though the RSI suggests nearing overbought conditions.

Portfolio Pulse from Surbhi Jain

April 05, 2024 | 2:56 pm

CGDXF

GOLD

Barrick Gold Corp (NYSE:GOLD) is expanding its operations in Peru, targeting the Puno district amidst a surge in gold demand, with prices reaching $2,300 per ounce. The company, which has increased its gold reserves to 77 million ounces, is also focusing on projects in Nevada and globally, including strategic investments in copper. Barrick's expansion efforts come at a time when gold prices have risen by approximately 11% year-to-date, driven by geopolitical uncertainties and expectations of interest rate cuts by the Federal Reserve.

Portfolio Pulse from Stjepan Kalinic

April 05, 2024 | 2:50 pm

BTCUSD

Cryptocurrency analyst Rekt Capital predicts a market shift as Bitcoin approaches its fourth halving event on April 19. The analyst outlines three phases: the final pre-halving retrace, re-accumulation, and a parabolic uptrend. Bitcoin has recently pulled back by 18%, similar to past pre-halving retraces. The halving event, which reduces the reward for mining new blocks, historically impacts Bitcoin's price significantly. Other traders also anticipate positive outcomes from the halving.

Portfolio Pulse from Khyathi Dalal

April 05, 2024 | 2:50 pm

XOM

Exxon Mobil (NYSE:XOM) has seen significant options trading activity, with a bullish sentiment prevailing among investors. Analysis of 13 trades reveals a majority bullish outlook, with 53% of trades being bullish and 46% bearish. The trades include 3 puts and 10 calls, with a notable interest in strike prices ranging from $110.0 to $130.0. The largest trades indicate a mix of bullish and bearish sentiments on specific call options. Exxon Mobil, a major oil and gas company, has a current stock price of $120.32, with analysts giving it an average target price of $127.6. The company's next earnings are expected in 21 days, and it's considered potentially overbought based on RSI indicators.

Portfolio Pulse from Benzinga Insights

April 05, 2024 | 2:46 pm

STIX

Semantix Inc (NASDAQ:STIX) shares plummeted 39.6% to $0.53 after announcing its decision to voluntarily delist from the Nasdaq Global Market due to costs and burdens of public trading. The delisting is expected around April 15, with future trading possibly occurring through private sales or on an over-the-counter market, though not guaranteed. Semantix also plans to suspend its SEC reporting obligations.

Portfolio Pulse from Henry Khederian

April 05, 2024 | 2:46 pm

LULU

Deep-pocketed investors show a divided sentiment on Lululemon Athletica (NASDAQ:LULU), with options trading data revealing an equal split between bullish and bearish positions. The trading activity, highlighted by Benzinga, includes significant options trades with a price window target of $340.0 to $450.0. Current stock performance shows a slight increase in price, with analysts maintaining positive ratings, suggesting a potential upside.

Portfolio Pulse from Benzinga Insights

April 05, 2024 | 2:46 pm