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Stock Prices

TXT

Over the past 15 years, Textron (NYSE:TXT) has delivered an average annual return of 15.11%, turning a $1000 investment into $8,477.23. With a current market capitalization of $17.90 billion, Textron's performance highlights the impact of compounded returns on investment growth.

Portfolio Pulse from Benzinga Insights

April 16, 2024 | 6:30 pm

Realty Income's (NYSE:O) short interest has increased by 12.88% since the last report, with 11.31 million shares sold short, representing 1.49% of its float. The current short interest suggests a bearish market sentiment, although it is lower than its peer group average of 5.37%. The article highlights the importance of monitoring short interest as an indicator of market sentiment.

Portfolio Pulse from Benzinga Insights

April 16, 2024 | 6:30 pm

VMC

Vulcan Materials (NYSE:VMC) has seen a 3.59% increase in its short percent of float, now at 2.01 million shares or 1.73% of all shares available for trading. This indicates a bearish sentiment among investors, although it's below the peer group average of 2.19%. The rise in short interest suggests caution but doesn't necessarily predict a price drop.

Portfolio Pulse from Benzinga Insights

April 16, 2024 | 6:30 pm

CXAI

CXApp (NYSE:CXAI) has seen a significant decrease in short interest, down 25.03% to 1.15 million shares, representing 16.23% of its float. This decline in short interest, which now stands well above its peer group average of 2.74%, could indicate changing market sentiment towards CXAI. Despite the decrease, it's unclear if this will lead to a near-term price increase for CXAI.

Portfolio Pulse from Benzinga Insights

April 16, 2024 | 6:30 pm

TONUSD

The TON Foundation reports significant growth in Toncoin (TON), attributing it to its increasing integration within Telegram, which boasts over 800 million users. TON's value surged by 54% in the past month, reaching an all-time high of over $7 and entering the top 10 cryptocurrencies by market capitalization. This growth is linked to Telegram's advertising revenue-sharing system and the Open League program, both of which utilize TON. Additionally, the TON Foundation's collaboration with HashKey Group to facilitate fiat to digital asset conversion in the Asia Pacific region and the introduction of a new identity verification system are highlighted as key developments.

Portfolio Pulse from Khyathi Dalal

April 16, 2024 | 6:30 pm

CURLF

MSOS

Boris Jordan commented on President Biden's recent mention of cannabis in the State of the Union address, viewing it as a positive step for the cannabis industry. He suggests patience as things move in the right direction.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 6:28 pm

ABBV

AVTX

LLY

NVS

Oppenheimer upgraded Avalo Therapeutics Inc (AVTX) after its acquisition of an ex-Eli Lilly drug, AVTX-009, for hidradenitis suppurativa (HS). The drug is Phase 2-ready and shows promise in the competitive HS market, with a potential expansion into ulcerative colitis. Avalo announced a $185 million private placement to fund development. The analyst set a $35 price target, anticipating a 15% market penetration and a $75,000 launch price in 2029. AVTX shares rose 13.9% to $17.36.

Portfolio Pulse from Vandana Singh

April 16, 2024 | 6:25 pm

GLD

IWM

SPY

Fed Chair Jerome Powell announced the Federal Reserve's decision to delay interest rate cuts until there is greater confidence in reaching the 2% inflation target, citing recent data showing stalled progress on inflation. This announcement led to a spike in 2-year Treasury yields to 5%, the highest in six months, and affected stock and gold prices. The SPDR S&P 500 ETF Trust (SPY) and the iShares Russell 2000 ETF (IWM) experienced declines, while the SPDR Gold Trust (GLD) remained steady.

Portfolio Pulse from Piero Cingari

April 16, 2024 | 6:19 pm

BNED

CLDI

SKIL

WISA

Skillsoft Corp. shares fell by 26.7% after reporting mixed Q4 results and lower-than-expected FY25 revenue guidance. Other stocks moved significantly in Tuesday's session, with notable gainers including WiSA Technologies and Palisade Bio, and losers like Barnes & Noble Education and Calidi Biotherapeutics.

Portfolio Pulse from Avi Kapoor

April 16, 2024 | 6:17 pm

ISRG

Deep-pocketed investors have shown a bearish sentiment towards Intuitive Surgical (NASDAQ:ISRG), with a significant move in options trading. Benzinga's tracking revealed 24 unusual options activities, with a bearish majority. The targeted price range for ISRG is between $300.0 and $430.0. Notable options activity includes both bullish and bearish sentiments, with a mix of puts and calls. Intuitive Surgical's current market status shows a slight price increase and a neutral RSI, with earnings expected in 2 days. Analysts from Stifel and Citigroup maintain Buy ratings with target prices of $430 and $462, respectively.

Portfolio Pulse from Benzinga Insights

April 16, 2024 | 6:16 pm