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In Friday's intraday session, several Information Technology stocks showed significant movement. X3 Holdings led the gainers with a 70.5% increase, while Unusual Machines topped the losers, dropping 30.6%. Notable movements also included Argo Blockchain rising 33.75% and Data Storage falling 25.27% following its Q4 earnings report.

Portfolio Pulse from Benzinga Insights

March 29, 2024 | 4:30 pm

ANF

Abercrombie & Fitch's (NYSE:ANF) short interest has decreased by 12.45% since the last report, with 5 million shares sold short, representing 14.21% of its float. This decrease in short interest could indicate a more bullish sentiment towards ANF among investors. The company's short interest is slightly above its peer group average of 14.06%. Short interest is a key indicator of market sentiment, and changes in short interest can provide insights into potential stock price movements.

Portfolio Pulse from Benzinga Insights

March 29, 2024 | 4:30 pm

KVUE

Kenvue (NYSE:KVUE) has seen a 10.11% increase in short percent of float since its last report, with 27.45 million shares sold short, representing 13.83% of available shares. This indicates a bearish market sentiment towards KVUE, although it's noted that an increase in short interest can sometimes be bullish. Kenvue's short interest is higher than its peer group average of 6.05%.

Portfolio Pulse from Benzinga Insights

March 29, 2024 | 4:30 pm

AAPL

Over the past 15 years, Apple (NASDAQ:AAPL) has significantly outperformed the market, with an average annual return of 27.99%, turning a $100 investment into $4,139.53 today. Apple's market capitalization currently stands at $2.64 trillion.

Portfolio Pulse from Benzinga Insights

March 29, 2024 | 4:30 pm

SBAC

SBA Communications (NYSE:SBAC) has seen a 31.64% decrease in short interest, now at 2.28 million shares or 2.55% of float, taking 2.04 days on average to cover. This decline in short interest could indicate a more bullish sentiment towards SBAC compared to its peers, where the average short interest as a percentage of float is 4.06%.

Portfolio Pulse from Benzinga Insights

March 29, 2024 | 4:30 pm

DECK

Deckers Outdoor (NYSE:DECK) has significantly outperformed the market with an average annual return of 28.08% over the past 10 years, turning a $1000 investment into $11,781.95. The company's market capitalization stands at $24.16 billion.

Portfolio Pulse from Benzinga Insights

March 29, 2024 | 4:30 pm

DIS

Walt Disney Co (NYSE:DIS) has seen a significant rebound in its stock price, reaching new 52-week highs ahead of a crucial shareholder meeting on April 3, where activist battles, including one led by Nelson Peltz of Trian Partners, will be a focal point. Disney has settled a legal dispute with Florida Gov. Ron DeSantis, potentially removing a negative factor. Analysts have recently upgraded Disney's stock, showing support for current management amidst the activist challenges.

Portfolio Pulse from Chris Katje

March 29, 2024 | 4:00 pm

ISRG

Intuitive Surgical (NASDAQ:ISRG) has significantly outperformed the market with an average annual return of 27.06% over the past 15 years, turning a $1000 investment into $37,132.33 today. The company's market capitalization stands at $141.49 billion.

Portfolio Pulse from Benzinga Insights

March 29, 2024 | 4:00 pm

GOOGL

Alphabet (NASDAQ:GOOGL) has delivered an average annual return of 20.5% over the past 15 years, turning a $1000 investment into $16,339.42 today. With a current market capitalization of $1.87 trillion, Alphabet's performance highlights the impact of compounded returns over time.

Portfolio Pulse from Benzinga Insights

March 29, 2024 | 4:00 pm

TREX

Trex Co (NYSE:TREX) has seen a decrease in short interest, with 5.13 million shares sold short, representing 5.45% of its float. This is a 7.47% decrease from its last report, indicating a potential shift in market sentiment towards the stock. The current short interest suggests a more bullish outlook, as it takes traders approximately 6.91 days to cover their short positions. Trex Co's short interest is higher than its peer group average of 3.75%, suggesting more bearish sentiment compared to its peers.

Portfolio Pulse from Benzinga Insights

March 29, 2024 | 3:30 pm