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Shiba Inu (CRYPTO: SHIB) saw a 7.6% gain over the past week, with Tron founder Justin Sun withdrawing 577 billion SHIB tokens from Binance. The withdrawals coincided with SHIB's market rally and a listing of Bone ShibaSwap (CRYPTO: BONE) by Indodax. SHIB's market cap stands at $5.9 billion, despite a 1.3% price drop and a 39% trading volume decrease in the last 24 hours. SHIB holders show strong confidence with a 78% large holder concentration and 75% holding for over a year. Shibarium, associated with SHIB, reported low gas fees and high transaction numbers.

Portfolio Pulse from Khyathi Dalal

December 19, 2023 | 8:25 pm

CUEN

Cuentas Inc. has been notified by Nasdaq that its common stock and warrants will be suspended from trading. The company intends to appeal the decision but expects its securities to trade on the Pink Current Information tier of the OTC market, as per an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 8:21 pm

CUEN

Shares of Cuentas Inc. were halted due to a circuit breaker after plummeting 34.4%. Circuit breakers are designed to prevent stocks from crashing by temporarily halting trading after a sharp price decline.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 8:20 pm

TGT

Target Corporation's (NYSE:TGT) short interest has increased by 11.84% since the last report, with 7.83 million shares sold short, representing 1.7% of available shares. It would take 1.58 days to cover these short positions. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price drop. Target has less short interest compared to its peer group average of 4.14%.

Portfolio Pulse from Benzinga Insights

December 19, 2023 | 8:15 pm

MUFG

Mitsubishi UFJ Financial Group's (NYSE:MUFG) short interest has increased by 20% since the last report, with 7.32 million shares sold short, representing 0.06% of available shares. It would take about 2.11 days to cover all short positions. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price drop. MUFG's short interest is below its peer group average of 0.84%.

Portfolio Pulse from Benzinga Insights

December 19, 2023 | 8:15 pm

VEEV

Veeva Systems Inc. (NYSE:VEEV) has seen a decrease in short interest, with the short percent of float dropping 6.37% since the last report. The company has 2.36 million shares sold short, representing 1.47% of available shares for trading. The average time to cover these short positions is 2.2 days. A decrease in short interest can indicate a more bullish sentiment from investors. Veeva has a lower short interest compared to its peer group average of 5.63%.

Portfolio Pulse from Benzinga Insights

December 19, 2023 | 8:15 pm

C

Citigroup's stock is trading higher after Goldman Sachs maintained a Neutral rating but increased the price target from $47 to $52.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 8:07 pm

IWM

Craig Johnson, a market technician at Piper Sandler, predicts small-cap stocks will continue to outperform larger caps through 2024. The Russell 2000 index, tracked by the iShares Russell 2000 ETF (IWM), has seen a significant rise following the Federal Reserve meeting, with expectations of interest rate cuts in 2024. Johnson anticipates the Russell 2000 to break through resistance levels and push higher. However, potential risks include the 2023 U.S. presidential election and geopolitical tensions. Larger cap stocks are expected to enter a high-level trading range for much of 2024.

Portfolio Pulse from Neil Dennis

December 19, 2023 | 8:05 pm

ADBE

Adobe (NASDAQ:ADBE) has significantly outperformed the market with an average annual return of 26.06% over the past 10 years. An initial investment of $1000 in ADBE stock would now be worth $10,140.24. Adobe's market capitalization currently stands at $274.56 billion. The article highlights the impact of compounded returns on investment growth over time.

Portfolio Pulse from Benzinga Insights

December 19, 2023 | 8:00 pm

CDW

Over the past 5 years, CDW (NASDAQ:CDW) has outperformed the market with an average annual return of 24.3%, resulting in a market capitalization of $29.97 billion. A $100 investment in CDW stock 5 years ago would be worth $289.09 today. The article highlights the impact of compounded returns on investment growth over time.

Portfolio Pulse from Benzinga Insights

December 19, 2023 | 8:00 pm