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Investing at least 80% of assets in securities included in the fund's underlying index. The fund's underlying index is the MSCI USA IMI Utilities 25/50 Index, which represents the performance of the utilities sector in the U.S. equity market.

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Duke Energy Corporation reported Q3 adjusted EPS of $1.62, missing consensus of $1.70. Revenues exceeded consensus. Storm-related costs impacted results.

Duke Energy Q3 EPS Falls Short On Higher Costs And Storm Impacts, Reaffirms FY24 Outlook

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Southern Company reported a 4.2% increase in Q3 operating revenue to $7.274 billion, missing expectations. Adjusted EPS beat estimates.

Southern Company Q3: Revenue Misses, But EPS Beats Expectations with Strong Utility Gains

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The Federal Reserve started the new rate cycle era last week, infusing strong optimism in various areas of the global markets and commodities. Wall Street has been hovering around a 52-week high. While the gains were broad-based, some areas were the biggest gainers and hit a 52-week high each on Sept. 20, 2024.

3 ETF Sectors Hitting 52-Week Highs After Fed Rate Cut

Virgin Galactic Hldgs's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPCE#NYSE">SPCE</a>) short percent of float has fallen 3.11% since its last report. The company recently reported that it has 6.90 million shares sold short, which is 23.96% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.42 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Virgin Galactic Hldgs Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1732214720_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Virgin Galactic Hldgs has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Virgin Galactic Hldgs's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Virgin Galactic Hldgs's peer group average for short interest as a percentage of float is 6.16%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

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(SPCE) - Analyzing Virgin Galactic Hldgs's Short Interest

CVS Health's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVS#NYSE">CVS</a>) short percent of float has risen 5.45% since its last report. The company recently reported that it has 21.85 million shares sold short, which is 1.74% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.75 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>CVS Health Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1732214715_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for CVS Health has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing CVS Health's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, CVS Health's peer group average for short interest as a percentage of float is 8.23%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

(CVS) - Analyzing CVS Health's Short Interest

H&amp;R Block's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HRB#NYSE">HRB</a>) short percent of float has fallen 8.29% since its last report. The company recently reported that it has 10.19 million shares sold short, which is 12.39% of all regular shares that are available for trading. Based on its trading volume, it would take traders 10.19 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>H&amp;R Block Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1732214710_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for H&amp;R Block has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing H&amp;R Block's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, H&amp;R Block's peer group average for short interest as a percentage of float is 4.55%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

(HRB) - Analyzing H&R Block's Short Interest

<a href="https://www.bloomberg.com/news/articles/2024-11-21/ken-griffin-says-he-s-open-to-selling-minority-stake-in-citadel">https://www.bloomberg.com/news/articles/2024-11-21/ken-griffin-says-he-s-open-to-selling-minority-stake-in-citadel</a>
&nbsp;
Ken Griffin said he would consider selling a piece of <a href="https://www.bloomberg.com/quote/9869818Z:US">Citadel</a>, the $65 billion multistrategy hedge fund he founded in 1990.
"We would be open to the possibility of selling a minority stake in Citadel at some point in the future," he said in an interview with Bloomberg on Thursday at the Economic Club of New York.

Macro Economic Events

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'Ken Griffin Says He's Open to Selling Minority Stake in Citadel' - Bloomberg News

WIIM

CTVA

Corteva shares are trading higher after Keybanc maintained an Overweight rating on the stock and raised its price target from $66 to $69.

TopBuild shares are trading higher. The company announced it will acquire Metro Supply Company.

Cameco shares are trading higher after RBC Capital maintained an Outperform rating on the stock and raised its price target from C$75 to C$90.

CYBR

CyberArk Software shares are trading higher after the company announced it secured a QC1 certification in Italy to boost its cloud security for the public sector.

Zscaler shares are trading higher after Barclays maintained an Overweight rating on the stock and raised its price target from $200 to $220.

Wix.com shares are trading higher after multiple firms maintained Buy ratings on the stock and raised their respective price targets.

Goldman Sachs analyst Michael Ng maintained a Buy rating on Comcast Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCSA#NASDAQ">CMCSA</a>) with a price target of $50.
On November 20, 2024, Comcast announced <a target="_blank" href="https://www.benzinga.com/news/global/24/11/42081224/comcast-plans-major-cable-networks-spinoff-msnbc-and-cnbc-to-form-new-public-company-report" rel="noreferrer noopener">plans to spin off</a> select cable networks and digital assets into a new publicly traded entity called SpinCo.
The proposed spin-off aims to streamline Comcast&#8217;s operations and enhance growth by separating its cable networks and complementary digital assets from its broader media and streaming divisions.
Also Read: <a target="_blank" href="https://www.benzinga.com/24/11/42116366/taiwan-semiconductor-plans-new-factories-annually-boosting-domestic-chip-production" rel="noreferrer noopener">Taiwan Semiconductor Plans New Factories To Boost Domestic Chip Production</a>
SpinCo assets generated approximately $7 billion in trailing twelve-month (TTM) revenue ending September 30, 2024, with an estimated EBITDA between $2 billion and $3 billion, the analyst said.
About 75% of SpinCo&#8217;s portfolio will focus on news and sports, while the remaining 25% covers general entertainment.
Comcast expects SpinCo to maintain a traditional cable network EBITDA margin of around 30%, driven by reduced Peacock-related losses and sports licensing costs.
Post-spin, Comcast&#8217;s remaining media assets (RemainCo) will include NBC broadcast, Peacock, regional sports networks, and Sky, generating an estimated $40 billion in annual revenue.
Peacock will likely remain largely unaffected by the spin, as only 2% of its content originates from SpinCo, while 98% will continue to come from RemainCo.
The spin-off positions SpinCo to pursue growth through organic initiatives and mergers or acquisitions, with a dedicated management team and tailored operational focus.
Mark Lazarus, the current chairman of NBCUniversal Media Group, will serve as SpinCo&#8217;s CEO, and Anand Kini, NBCUniversal&#8217;s CFO, will become SpinCo&#8217;s CFO and COO. Comcast expects the transaction to close within a year, pending regulatory approvals.
Ng highlighted the spin-off as a strategic move to refine Comcast&#8217;s focus on core growth drivers, including residential broadband, wireless services, and streaming.
SpinCo&#8217;s creation will likely improve CNBC and MSNBC monetization through digital subscription models and potential affiliate fee adjustments.
Ng views the separation as accretive to revenue growth while maintaining Comcast&#8217;s leverage neutrality.
Risks to the strategy include intensified cord-cutting, rising programming costs, and competitive pressures from streaming platforms.
Despite these challenges, Ng expects the spin-off to unlock shareholder value and position both SpinCo and RemainCo for sustainable growth.
Ng projected fiscal 2024 revenue of $123.42 billion and EPS of $4.24. The analyst estimates fiscal 2025 revenue of $123.43 billion and EPS of $4.43.
Price Action: CMCSA stock is up 1.59% at $43.68 at the last check on Thursday.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/24/11/42071334/apples-100-million-gamble-tech-giant-moves-to-lift-indonesias-iphone-ban" target="_blank" rel="noreferrer noopener">Apple&#8217;s $100 Million Gamble, Tech Giant Moves to Lift Indonesia&#8217;s iPhone Ban</a></li>
</ul>
Photo by rarrarorro on Shutterstock

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Comcast's Spin-Off to Boost Broadband and Streaming Growth: Goldman Sachs

Elon Musk and Jeff Bezos,&nbsp;two of the&nbsp;<a href="https://www.benzinga.com/markets/equities/24/11/41813356/elon-musks-net-worth-soars-by-26-5-billion-in-single-day-after-tesla-stock-surges-post-trump-vic" target="_blank" rel="noopener">world&#8217;s richest people,</a>&nbsp;entered a <a href="https://www.benzinga.com/markets/equities/24/11/42105450/elon-musk-says-amazon-founder-jeff-bezos-urged-tesla-spacex-investors-to-dump-stakes-predicting-trumps-loss">social media sparring</a> match on Thursday.
What Happened: The controversy began when Musk accused Bezos of urging &#8220;everyone&#8221; to sell shares of Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) ahead of the 2024 presidential election. Musk supported Donald Trump during the presidential stakes, contributing hundreds of millions of dollars to Trump&#8217;s election efforts.
&#8220;Just learned tonight at Mar-a-Lago that Jeff Bezos was telling everyone that @realDonaldTrump would lose for sure, so they should sell all their Tesla and SpaceX stock &#x1f92d;,&#8221; Musk <a href="https://x.com/elonmusk/status/1859483544612913376">posted</a> on his social media platform, X. The post garnered over 29 million views.
Bezos responded nearly nine hours later.
&#8220;Nope. 100% not true,&#8221; the Amazon founder succinctly <a href="https://x.com/JeffBezos/status/1859615862984167549">replied</a>. 
It is unclear whether the billionaire entrepreneur plans to pursue legal action against Musk.
Tesla&#8217;s stock has far outperformed the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) since <a href="https://www.benzinga.com/markets/asia/24/11/41768811/donald-trump-wins-47th-presidency-us-futures-up-europe-up-asia-mixed-crude-falls-and-dollar-strength">Trump&#8217;s election win</a> on Nov. 5. Tesla shares are trading up 35%, breaking the $1 trillion mark, while the benchmark has gained 2.97%.
Musk is the largest shareholder of Tesla. While Musk did not start the company, he has served as CEO since 2008.
Musk and Bezos&#8217; rivalry stretches decades. Musk is the principal shareholder of SpaceX while Bezos owns Blue Origin, two space exploration companies.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/government/regulations/24/11/42119020/alphabet-bleeds-over-120-billion-in-market-value-eyes-worst-day-in-10-months-after-doj-demands-google-chrome-sale">Alphabet Bleeds Over $120 Billion In Market Value, Eyes Worst Day In 10 Months After DOJ Demands Google Chrome Sale</a></li>
</ul>
Photos: lev radin and Kathy Hutchins on Shutterstock

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TSLA

Jeff Bezos Denies Elon Musk's Allegation That He Told People To Sell Tesla Stock: '100% Not True'

U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler has announced his resignation, effective January 20, 2025, coinciding with the inauguration of President-elect Donald Trump.
Gensler&#8217;s tenure has been marked by a <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41993524/gary-gensler-hints-at-ending-his-stint-as-sec-chair-defends-crypto-regulation-agenda">stringent regulatory approach</a> toward the cryptocurrencies, drawing criticism from the industry.
What Happened: "I thank President Biden for entrusting me with this incredible responsibility. The SEC has met our mission and enforced the law without fear or favor,&#8221; Gensler <a href="https://www.sec.gov/newsroom/press-releases/2024-182">said</a> in a press release on Thursday.
Appointed on Apr. 17 2021, Gensler brought extensive experience from his previous role as chair of the Commodity Futures Trading Commission (CFTC).
 His leadership at the SEC was characterized by a firm stance on digital assets, emphasizing investor protection and market integrity.
Gensler frequently likened the cryptocurrency market to the <a href="https://www.benzinga.com/markets/cryptocurrency/23/12/36358607/crypto-wild-west-hurts-investors-sec-chair-says-bankruptcy-court-queues-are-crowded">&#8220;Wild West,&#8221; advocating for comprehensive oversight</a>. 
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42116475/paying-6-24-million-for-a-duct-taped-banana-justin-sun-did-just-that-and-now-hell-eat-it-as-part-of-this-unique-artistic-experience">Paying $6.24 Million For A Duct-Taped Banana? Justin Sun Did Just That — And Now He&#8217;ll Eat It &#8216;As Part Of This Unique Artistic Experience&#8217;</a>
He asserted that many digital assets functioned as securities and should be regulated accordingly. 
Under his direction, the SEC initiated numerous enforcement actions against major crypto entities, including lawsuits <a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40568347/after-binance-and-coinbase-gary-gensler-led-sec-set-to-lock-horns-with-crypto-exchange-kra">against Coinbase</a> and Binance for allegedly operating unregistered securities exchanges.
This rigorous approach faced opposition from industry stakeholders and some lawmakers, who argued that it stifled innovation and lacked clear regulatory guidelines. 
In November, the American Securities Association <a href="https://www.americansecurities.org/post/asa-calls-on-sec-chair-gensler-to-immediately-step-down">called</a> for Gensler&#8217;s immediate resignation, citing concerns over his regulatory methods.
President-elect Trump has been vocal about his <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41680397/who-will-replace-gary-gensler-the-top-candidates-for-sec-chair-after-the-election">intention to replace Gensler</a>, criticizing his handling of cryptocurrency regulation.
Earlier in July, Trump said, &#8220;I will <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/40018935/trumps-bitcoin-conference-pledge-can-he-really-fire-sec-chair-gensler">fire Gary Gensler on day one</a>,&#8221; signaling a potential shift in the SEC&#8217;s approach to digital assets under the incoming administration.
Read Next: 
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42114875/coinbase-ceo-brian-armstrong-stands-out-as-candidate-for-donald-trumps-reported-crypto-czar-position-cardano-co-founder-says">Coinbase CEO Brian Armstrong &#8216;Stands Out&#8217; As Candidate For Donald Trump&#8217;s Reported &#8216;Crypto Czar&#8217; Position, Cardano Co-Founder Says</a></li>
</ul>
Image: Flickr

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

Gary Gensler To Step Down As SEC Chair On Trump's Inauguration Day

KLA's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KLAC#NYSE">KLAC</a>) short percent of float has fallen 8.47% since its last report. The company recently reported that it has 2.31 million shares sold short, which is 1.73% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.79 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>KLA Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1732213823_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for KLA has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing KLA's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, KLA's peer group average for short interest as a percentage of float is 7.96%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

KLAC

(KLAC) - Analyzing KLA's Short Interest

FirstCash Hldgs's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCFS#NYSE">FCFS</a>) short percent of float has risen 14.86% since its last report. The company recently reported that it has 718 thousand shares sold short, which is 2.55% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.14 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>FirstCash Hldgs Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1732213818_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for FirstCash Hldgs has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing FirstCash Hldgs's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, FirstCash Hldgs's peer group average for short interest as a percentage of float is 7.48%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

FCFS

How Is The Market Feeling About FirstCash Hldgs?

Wynn Resorts's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WYNN#NYSE">WYNN</a>) short percent of float has fallen 12.26% since its last report. The company recently reported that it has 5.61 million shares sold short, which is 5.08% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.27 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Wynn Resorts Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1732213812_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Wynn Resorts has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Wynn Resorts's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Wynn Resorts's peer group average for short interest as a percentage of float is 5.47%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

WYNN

How Is The Market Feeling About Wynn Resorts?

MongoDB Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDB#NASDAQ">MDB</a>) and Datadog Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DDOG#NASDAQ">DDOG</a>) shares are trading higher Thursday. Several software names jumped following Snowflake Inc.&#8216;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>) strong earnings report and optimistic guidance. Here&#8217;s <a href="https://www.benzinga.com/24/11/42117057/snowflake-stock-is-blazing-higher-thursday-whats-going-on">what you need to know.</a>
What To Know: Snowflake exceeded<a href="https://www.benzinga.com/24/11/42117057/snowflake-stock-is-blazing-higher-thursday-whats-going-on"> analyst expectations </a>in the third quarter, reporting $942.09 million in revenue, above the forecasted $896.99 million. Adjusted earnings came in at 20 cents per share, beating the estimate of 15 cents per share, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Product revenue totaled $900.3 million, up 29% year-over-year. Snowflake guided for fourth-quarter product revenue in the range of $906 million to $911 million, and raised its full-year product revenue outlook from $3.356 billion to $3.43 billion, representing 29% year-over-year growth.
&#8220;Our obsessive drive to produce product cohesion and ease of use has built Snowflake into the easiest and most cost-effective enterprise data platform,&#8221; said Sridhar Ramaswamy, CEO of Snowflake.
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Snowflake's results appear to have sparked optimism around growing enterprise adoption of AI-powered data solutions, supported by the company&#8217;s acquisition of Datavolo and multi-year partnership with Anthropic. Such has led to optimism across the data and cloud services sector, benefiting MongoDB and Datadog, among others.
MongoDB, known for its NoSQL database solutions, is a key player in managing enterprise data, which remains critical for businesses leveraging AI and cloud-based tools. Datadog, a monitoring and analytics platform for cloud applications, complements this ecosystem by providing insights into system performance and reliability. Cloud data providers are seen as integral to the broader data infrastructure required by enterprises adopting advanced analytics and AI-driven workflows.
MDB, DDOG Price Action: At publication time, MongoDB shares were up 14.9% at $323.77 and Datadog shares were up 7.27% at $145.29, according to<a href="https://pro.benzinga.com/dashboard"> Benzinga Pro.</a>
Image via Shutterstock.

Movers

DDOG

SNOW

MongoDB, Datadog Shares Are Moving Higher: What's Going On?

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/587635585064ed0001400105/michael-blum">Wells Fargo analyst Michael Blum </a>initiated coverage on GE Vernova Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GEV#NYSE">GEV</a>) with an Overweight rating and announced a price target of $385. GE Vernova shares closed at $342.77 on Wednesday. <a href="https://www.benzinga.com/quote/GEV/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Oppenheimer analyst Michael Phillips initiated coverage on International General Insurance Holdings Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IGIC#NASDAQ">IGIC</a>) with an Outperform rating and announced a price target of $30. Intl General Insurance shares closed at $24.54 on Wednesday. <a href="https://www.benzinga.com/quote/IGIC/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Stifel analyst Lars Kjellberg initiated coverage on Mativ Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MATV#NYSE">MATV</a>) with a Hold rating and announced a price target of $15.5. Mativ shares closed at $12.52 on Wednesday. <a href="https://www.benzinga.com/quote/MATV/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Goldman Sachs analyst Richard Law initiated coverage on Merus N.V. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRUS#NASDAQ">MRUS</a>) with a Buy rating and announced a price target of $73. Merus shares closed at $42.93 on Wednesday. <a href="https://www.benzinga.com/quote/MRUS/analyst-ratings">See how other analysts view this stock.</a></li>
<li>UBS analyst A.J. Rice initiated coverage on The Ensign Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENSG#NASDAQ">ENSG</a>) with a Buy rating and announced a price target of $175. Ensign Group shares closed at $144.66 on Wednesday. <a href="https://www.benzinga.com/quote/ENSG/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying GEV stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="578" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/21132522/image-224-1024x578.png" alt="" class="wp-image-659530" style="width:710px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/21132522/image-224-1024x578.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/21132522/image-224-300x169.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/21132522/image-224-768x434.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/21132522/image-224.png 1190w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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This GE Vernova Analyst Begins Coverage On A Bullish Note; Here Are Top 5 Initiations For Thursday

Airbnb (ABNB) is sitting in a wide range into its next earnings cycle in February and it seems reasonable that the price action might stay in that range.
Here's the best trade to profit from that.
The trade we're looking at today is a short iron condor expiring in January, 2025. Currently, ABNB's relative resistance zone sits right around $150, and relative support is near $330. So we want a trade that makes us money as long as ABNB shares stay in that $150-$330 range.
With that in mind, our short iron condor, a combination of a short call spread and a short put spread, looks like this:
<ul>
<li>Sell to open 1 ABNB 17 Jan 150 calls</li>
<li>Buy to open 1 ABNB 17 Jan 155 calls</li>
<li>Buy to open 1 ABNB 17 Jan 330 puts</li>
<li>Sell to open 1 ABNB 17 Jan 320 puts</li>
</ul>
The short iron condor yields maximum profit when the share price of the underlying stock is equal to or between the strike prices of the "short" options (the ones you sell to open) on the day they expire.
In other words, as long as shares of Airbnb trade between $150 and $320, this trade will yield its maximum profit. The total potential profit what we collect on the credit side which is $1.26 at this writing and the total risk is difference between the distance of the strikes and the credit collected ($5 &#8211; $1.26= $3.74).
People often ask why they should use a short iron condor when the risk is so much higher than the reward, and that answer comes to probabilities. The probability the prices move into our short strikes is currently 15% while the probability that we hold outside this region is 85%.
The strategy result provides only two choices to exit the trade:
<ol>
<li>To buy back the short iron condor when it is performing at your target parameters. I like the 50% profit range.</li>
<li>To buy back the short iron condor when it hits either of the short strikes or hits the loss threshold that is desirable for you. Again, I like the 50% stop here.</li>
</ol>
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