Qorvo Stock (NASDAQ:QRVO), Trade Ideas

Qorvo

Qorvo represents the combined entity of RF Micro Devices and TriQuint Semiconductor, which merged in January 2015. The company specializes in radio frequency filters, power amplifiers, and front-end modules used in many of the world's most advanced smartphones. Qorvo also has a suite of products sold into a variety of nonsmartphone end markets, such as wireless base stations, cable TV and networking equipment, and infrastructure and military applications.

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Analysis of semiconductor and EDA stocks in S&amp;P 500 shows declining trend in relative weighting, with Nvidia having high ownership but still underweighted.

Nvidia Tops in Popularity Among S&amp;P 500 Semiconductor Stocks, Analyst Sees Room for Growth

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Shares of Qorvo Inc (NASDAQ: QRVO) rose in early trading on Thursday, after the company reported better-than-expected third-quarter results.

3 Analysts Dissect Qorvo Earnings Beat, Predict Margins &#39;Are Likely To Contract&#39;

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After ending January with modest gains, the major averages now look to earnings catalysts to drive momentum, with futures higher in first trading session of February.

Nasdaq Futures Rebound As Traders Eye Apple, Meta, Amazon Earnings: Analyst Flags &#39;January Barometer&#39; That Bodes Well For The Year

Qorvo Inc

<ul>
<li>GSK has selected the first two programs to advance following achievement of target validation, marking transition to next phase of research collaboration; programs utilize Wave&#39;s next generation GalNAc-siRNA format with potential for best-in-class potency and durability</li>
<li>GSK collaboration continues to span all Wave modalities, including RNA editing, with target validation ongoing in multiple therapy areas</li>
<li>Wave is on track to initiate a clinical trial of its wholly owned INHBE program for obesity in 1Q 2025, which also uses the company&#39;s next generation siRNA</li>
</ul>

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As Part Of Wave Life Sciences' Ongoing Collaboration With GSK, GSK Has Selected Its First Two Oligonucleotide Programs, GSK Will Provide An Initiation Payment Of $12M

The latest indications on U.S. private sector activity reveal a sharp and unexpected slowdown in the pace of growth in April 2024, marking the softest <a href="https://www.benzinga.com/topic/economics">expansion since December 2023.</a>
A positive takeaway from the flash Purchasing Managers Index (PMI) surveys released Tuesday by S&amp;P Global is the welcome moderation in the rates of increase for selling prices in both goods and services observed in April.
<h3 class="wp-block-heading">Global&#8217;s Flash PMIs For April 2024: Key Takeaways</h3>
<ul>
<li>The U.S. Composite PMI decelerated from 52.1 to 50.9, marking a four-month low. Nevertheless, April signaled the 15th consecutive month of output increase. </li>
<li>The U.S. Services PMI fell from 51.7 to 50.9, missing expectations of a rise to 52, marking a five-month low. </li>
<li>The U.S. Manufacturing PMI fell from 51.9 to 49.9, falling short of the 52 forecasted, hitting a four-month low. </li>
<li>Output growth moderated in accordance with weakened demand as new orders decreased for the first time in six months.</li>
<li>Companies reduced employment for the first time in nearly four years, while business confidence also declined to its lowest level since last November.</li>
<li>Inflation rates generally eased at the beginning of the second quarter, with both input costs and output prices rising at a slower pace overall. Manufacturing input cost inflation reached a one-year high.</li>
</ul>
<h3 class="wp-block-heading">Economist Reactions</h3>
&#8220;The US economic upturn lost momentum at the start of the second quarter,&#8221; said Chris Williamson, chief business economist at S&amp;P Global Market Intelligence. 
&#8220;Further pace may be lost in the coming months, as April saw inflows of new business fall for the first time in six months and firms' future output expectations slipped to a five-month low amid heightened concern about the outlook,&#8221; he added. 
Tougher business conditions led companies to reduce their workforce at a rate not seen since the global financial crisis, excluding the early pandemic lockdown months, he said.
Lower demand and a cooling labor market resulted in reduced price pressures, with April showing a welcome slowdown in the rate of price increases for both goods and services.
Notably, the drivers of inflation have changed. Manufacturing has now registered the steeper rate of price increases in three of the past four months, with factory cost pressures intensifying in April amid higher raw material and fuel prices, contrasting with the wage-related, services-led price pressures seen throughout much of 2023," Williamson stated. 
<h3 class="wp-block-heading">Market Reactions</h3>
The U.S. dollar index (DXY), as tracked by the Invesco DB USD Index Bullish Fund ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UUP#NYSE">UUP</a>), fell 0.4%, hit by the decline in Treasury yields. 
The yield in the policy-sensitive two-year Treasury note softened by 5 basis points to 4.94%.
Stocks positively reacted, with the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) up 0.8% in early trading Tuesday. 
Tech stocks, as tracked by the Invesco QQQ Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), outperformed, up 1%. 
Gold witnessed a rebound of 0.4% after closing Monday its <a href="https://www.benzinga.com/news/large-cap/24/04/38364875/geopolitical-relief-triggers-gold-selloff-prices-dip-below-2-350-mark-mining-stocks-hit-hard">worst-performing day in years.</a> 
Read now: <a href="https://www.benzinga.com/markets/asia/24/04/38380008/us-mulls-sanctions-on-beijing-banks-for-alleged-role-in-putins-war-in-ukraine-china-cant-have-it-bot">US Mulls Sanctions On Beijing Banks For Alleged Role In Putin&#8217;s War In Ukraine: &#8216;China Can&#8217;t Have It Both Ways,&#8217; Blinken Says</a>
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US Private Sector Growth Unexpectedly Slows In April, Marks Lowest Increase In 4 Months: 'Drivers Of Inflation Have Changed'

The U.S. Supreme Court is set to hear a challenge from Starbucks Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>) against the National Labor Relations Board&#8217;s decision to reinstate fired baristas who were organizing a union.
What Happened: The case stems from a 2022 incident where Starbucks fired seven baristas from a Memphis coffeehouse for violating company policy by inviting a TV news crew into the store after hours, The Washington Post <a href="https://www.washingtonpost.com/business/2024/04/23/starbucks-union-supreme-court/">reported</a> on Monday. The workers claimed they were fired for their union activities, a claim the National Labor Relations Board (NLRB) agreed with. 
A federal judge approved the NLRB&#8217;s request for an order to reinstate the workers, a decision upheld by an appeals court.
The case arrives at the Supreme Court amid ongoing negotiations between Starbucks and the local union, to withdraw ongoing litigation. However, Starbucks is disputing the standard used by federal judges to determine whether workers should be reinstated when requested by the NLRB.
The Supreme Court&#8217;s decision could potentially impact labor organizing across the country. Experts fear a ruling against the NLRB could weaken labor organizing in other scenarios. 
&#8220;This could have a substantial impact,&#8221; said James Cooney, a labor studies professor at Rutgers University.
&#8220;If a stricter standard is adopted by the Supreme Court, it&#8217;ll be more difficult for the labor board to maintain the status quo for workers during an organizing drive.&#8221;
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38349807/bitcoin-signals-potential-67-gain-as-this-key-metric-dips-below-90-day-average-analyst-say?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Bitcoin Signals Potential 67% Gain As This Key Metric Dips Below 90-Day Average: Analyst Says &#8216;Perfect Ti</a>
Why It Matters: This case comes after a series of labor disputes at Starbucks. In November, the Workers United union <a href="https://www.benzinga.com/markets/equities/23/11/35771946/starbucks-faces-employee-walkout-at-hundreds-of-stores-on-red-cup-day-report">announced a strike involving thousands of employees </a>at numerous Starbucks locations on the company&#8217;s Red Cup day, a key promotional event during the holiday season and called for better pay, staffing, and schedules.
In December, Starbucks <a href="https://www.benzinga.com/markets/equities/23/12/36158710/starbucks-reportedly-reaches-out-to-union-a-fresh-start-for-worker-relations-in-new-year">reached out to the union representing hundreds of its stores</a> in the U.S. to improve its strained association with some of its frontline workers. The union represents over 9,000 Starbucks workers at about 360 U.S. stores. There had been over five months of inactivity in contract bargaining from the Workers United union.
In March, the Strategic Organizing Center (SOC), a shareholder of Starbucks, <a href="https://www.benzinga.com/markets/equities/24/03/37486213/coffeehouse-compromise-starbucks-shareholder-soc-pulls-director-nominations-amid-breakthrough-in">withdrew its director nominations,</a> believing that the recent agreement reached by Starbucks and Workers United represents meaningful progress that will benefit all stakeholders. The SOC started its campaign for change at Starbucks last November, believing that the company's response to its employees' attempts to unionize was misguided.
Price Action: On Tuesday, Starbucks shares were trading at 88.20, indicating a 0.023% increase as per <a href="https://pro.benzinga.com">Benzinga Pro</a>.
Read Next: <a href="https://www.benzinga.com/markets/equities/24/04/38346938/trump-is-a-force-of-nature-reince-priebus-has-raised-70m-for-gop-convention-despite-being-pushed?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">&#8216;Trump Is A Force of Nature&#8217;: Reince Priebus Has Raised $70M For GOP Convention Despite Being Pushed Out</a>
Photo by Manu Padilla on Shutterstock
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SBUX

US Supreme Court To Weigh Starbucks Challenge Over Fired Baristas

WIIM

PepsiCo shares are trading lower following Q1 earnings.

CZOO

Cazoo Group Shares Resume Trade

COIN

Coinbase shares are trading higher as crypto stocks gain following the Bitcoin halving.

Philip Morris International Inc&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PM#NYSE">PM</a>) reported first-quarter FY24 sales growth of 9.7% year-on-year to $8.793 billion,&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/04/b38374936/philip-morris-international-reports-first-quarter-2024-results-and-updates-full-year-guidance" rel="noreferrer noopener">beating the analyst consensus estimate of $8.468 billion</a>.
The smoke-free business accounted for 39% of the company's total net revenues.
Cigarette and Heated Tobacco unit (HTU) shipment volume in first-quarter grew by 3.1% Y/Y, reflecting growth of 20.9% for HTUs and a decline of 0.4% for cigarettes.
Adjusted EPS of $1.50 <a href="https://www.benzinga.com/calendars/earnings" target="_blank" rel="noreferrer noopener">beat the consensus estimate of $1.41.</a>
Marlboro&nbsp;cigarette shipment volume increased by 1.7% to 56.9 billion units. Revenue from smoke-free products increased 21.1% Y/Y to $3.4 billion.
Adjusted operating margin for the quarter expanded from 37.3% to 38.2%, with $3.36 billion in adjusted operating income.
The company held $3.9 billion in cash and equivalents as of March-end.
Jacek Olczak, Chief Executive Officer, said, &#8220;We are executing efficiently and effectively in a dynamic operating environment of geopolitical and economic tensions that accentuate currency volatility. We are doing our utmost to mitigate these challenges and deliver robust growth and value creation.&#8221;
Outlook: Philip Morris cuts FY24 adjusted EPS outlook to $6.19 &#8211; $6.31&nbsp;<a target="_blank" href="https://www.benzinga.com/news/earnings/24/02/37015597/why-is-philip-morris-stock-falling-today" rel="noreferrer noopener">from&nbsp;$6.32-$6.44</a>&nbsp;versus an estimate of $6.35.
It raised FY24 organic revenue growth guidance to 7% &#8211; 8.5% from 6.5% &#8211; 8%.
Philip Morris sees second-quarter adjusted EPS of $1.50 &#8211; $1.55 against an&nbsp;estimate of&nbsp;$1.63.
Price Action: PM shares are trading higher by 2.98% at $96.86 at the last check Tuesday.
Image by svklimkin from Pixabay

Guidance

Why Is Marlboro Maker Philip Morris Stock Shooting Higher Today?

JP Morgan analyst Jeremy Tonet maintains PG&amp;E (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PCG#NYSE">PCG</a>) with a Neutral and raises the price target from $18 to $19.

Price Target

JP Morgan Maintains Neutral on PG&E, Raises Price Target to $19

MANH

Manhattan Associates Selects TeamViewer As Strategic Partner For Warehouse Vision Picking

JMP Securities analyst Matthew Carletti reiterates RLI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RLI#NYSE">RLI</a>) with a Market Perform.

JMP Securities Reiterates Market Perform on RLI

JP Morgan analyst Ken Worthington maintains Janus Henderson Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JHG#NYSE">JHG</a>) with a Neutral and raises the price target from $31 to $35.

Janus Henderson Group plc Ordinary Shares

JP Morgan Maintains Neutral on Janus Henderson Group, Raises Price Target to $35

Cazoo Group Shares Halted To The Downside, Stock Now Up 55.1%

Good Morning Traders! In today&#39;s Market Clubhouse Morning Memo, we will discuss SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA.
Our proprietary formula, exclusive to Market Clubhouse, dictates these price levels. This dynamic equation takes into account price, volume, and options flow. These levels are updated every day and shared with all Clubhouse Members, prior to the opening of the market.
We recommend closely monitoring these stocks, and be prepared to leverage potential breakouts or reversals. As always, stay alert and ready to adjust your tactics based on the market&#39;s pulse to optimize your trading gains. Now, let&#39;s dive into the stock analysis:
<h3>SPDR S&amp;P 500 ETF Trust </h3>
The SPY (ARCA: SPY) is currently positioned around a price of 500.91. For those favoring upward movement, the first target is 501.74. Should the price remain robust above this mark, the next objective is to reach 502.85. Should this support endure throughout the regular trading hours, an advance beyond to 503.95 might occur. The ambitious target for bulls on SPY today stands at 505.32.
Conversely, if 500.91 fails to serve as a sturdy floor, a downward test towards 500.17 by the bears is anticipated. Presence of sellers could further pressure the price to a lower target of 498.93. If this threshold is breached amid strong selling activity, the next substantial support is 497.55. A tumultuous selling session might culminate in reaching a bearish extreme at 496.93 today.
<h3>Invesco QQQ Trust Series 1</h3>
The Q&#39;s&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/qqq#NASDAQ">QQQ</a>) are trading near 420.76. Bullish traders aim to secure this level, setting sights on 422.16 as a substantial support if maintained. Following this, 423.27 might come into play if buying strength persists, with an ultimate test at 424.04. The highest bullish aim for today is set at 424.82.
Should the level of 420.76 not withstand selling pressures today, bears might dominate, pushing the price to 419.89. A subsequent weakness could prompt further tests at 418.49. If selling intensifies, 417.49 could be at risk. Failure to hold this could lead bears to drive the price down to today&rsquo;s bearish goal of 416.23.
<h3>Apple Inc.</h3>
Apple&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aapl#NASDAQ">AAPL</a>) is currently at 165.62, where bulls hope to establish support. A rally towards 166.27 is desired, with potential further uplift to 167.09 if bullish momentum continues. If bulls dominate today, the ultimate aim is to reach a high of 167.59.
If Apple&#39;s price can&#39;t sustain 165.62 as support, a decline to 164.71 might ensue. With continued selling, a further descent to 164.15 is likely. If selling persists, the price could fall to 163.24 and if this level breaks, the final bearish target for the day is set at 162.69.
<h3>Microsoft Corp.</h3>
Microsoft&#39;s&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/msft#NASDAQ">MSFT</a>) current level is 402.74, with bulls looking to maintain and extend the price to 404.92 as a firm support. Success here could lead to a push towards 406.01, and with continued buying, a peak bull target of 407.11 might be in sight today.
However, if 402.74 does not hold, bears could drive the price down to 401.39. If this level is breached, further declines to 400.30 and then 399.21 could occur, with a final bearish objective for today at 397.65.
<h3>NVIDIA Corporation</h3>
NVIDIA&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nvda#NASDAQ">NVDA</a>) stands at 804.61, with bulls aiming for an initial rise to 810.13, securing it as a key support zone. A sustained buying push could elevate the price to 816.95, and potentially up to 823.52. The highest bull target today is envisioned at 827.98.
If 804.61 does not hold up, bears are expected to challenge the price down to 799.10. A breakdown here, with seller activity, could lead to 794.94. If weakness continues, further tests at 791.44 might occur, with a bearish floor target of 785.35 for the day.
<h3>Alphabet Inc Class A</h3>
Alphabet&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/googl#NASDAQ">GOOGL</a>) is hovering around 156.61, with bulls hoping to secure this as a base for advancing to 157.41. With continued upward momentum, the next level to watch is 158.54.
If 156.61 cannot sustain support, a bearish push to 155.59 is likely. A break below this level might lead bears to 154.95, with a severe sell-off potentially bottoming out at 154.44 today.
<h3>Meta Platforms Inc </h3>
Meta&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/meta#NASDAQ">META</a>) is currently positioned at 488.81. Bulls aim to keep the level supported for a rise to 492.33, followed by a potential increase to 495.54. If buying remains strong, the highest bull target for today is 498.03.
Conversely, if 488.81 fails as support, a downward move to 485.96 is expected. Persistent selling could further drive the price to 483.11. If this level is compromised, the lowest bear target for Meta today stands at 479.47.
<h3>Tesla Inc. </h3>
Tesla&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsla#NASDAQ">TSLA</a>) starts the day at 141.94. Bulls are targeting an increase to 143.67 and, with sustained buying, further up to 145.07. Strong market conditions could see Tesla reaching a higher test at 146.46, with a peak bull target of 148.45.
If 141.94 does not maintain as a robust support, bears may test down to 139.15. Continued selling pressure could bring the price further down to 136.35, and if this level fails, the ultimate bear target for the day is 134.62.
Final Word: Today&#39;s session begins light on data in the premarket with the Philly Fed Non-Manufacturing Activity due out at 8:30AM ET, followed by the Redbook Retail Sales at 8:55AM ET. More significant data will follow with the Global Manufacturing, Services, and Composite PMI for April, scheduled for release at 9:45AM ET. Shortly after, at 10AM ET, the Richmond Fed Manufacturing Index and Business Conditions, alongside New Home Sales for March, will be available. At 1PM, a 2-Year Note Auction is set, which could introduce some volatility into the markets. As the Federal Reserve remains in a blackout period ahead of next Wednesday&#39;s FOMC rate decision, most large institutional traders will be focusing on earnings reports after today&#39;s closing bell from major companies like Tesla and Visa. Good luck and trade safely!
The Morning Memo is curated by RIPS, a pro trader with years of experience in equities, options, and futures trading. RIPS is at the heart of the exclusive Market Clubhouse community, offering his insights, expertise, and real-time mentorship.
Start your day with a live daily market analysis, a carefully selected watch list, early access to the Morning Memo, and exclusive Market Clubhouse price levels, providing precise support and resistance indicators. When you become a member of Market Clubhouse, you will gain early access to the Morning Memo, just like this one, every single day&mdash;hours before it&#39;s published. You will also have access to a live stream with zero latency and screen sharing, enabling you to witness Rips executing his trades in real-time and sharing his exclusive trading plans, strategies, and live decision-making.
For a limited time during our special promotion, you can join RIPS and get a full access pass to Market Clubhouse for 7 full days for just $7. Check it out at <a href="https://marketclubhouse.club/7Days/" title="https://marketclubhouse.club/7Days/">https://marketclubhouse.club/7Days/</a> where you can trade live with him and tap into his wealth of knowledge and experience. You can also catch Rips on his live day trading streams every Monday-Friday at 8 am EST on the Market Clubhouse YouTube channel: <a href="https://www.youtube.com/@MarketClubhouse" title="https://www.youtube.com/@MarketClubhouse">https://www.youtube.com/@MarketClubhouse</a>.
This article is from an unpaid external contributor. It does not represent Benzinga&#39;s reporting and has not been edited for content or accuracy.

Tech

TSLA

Market Clubhouse Morning Memo - April 23rd, 2024 (Trade Strategy For SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, And TSLA)

EBMT

Eagle Bancorp Montana Q1 2024 EPS $0.24 Down From $0.42 YoY; Revenue $19.2M Down From $21.1M YoY

JP Morgan analyst Steven Alexopoulos maintains HBT Finl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HBT#NASDAQ">HBT</a>) with a Underweight and raises the price target from $21 to $22.

JP Morgan Maintains Underweight on HBT Finl, Raises Price Target to $22

Arista Networks's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ANET#NYSE">ANET</a>) short percent of float has fallen 10.32% since its last report. The company recently reported that it has 2.87 million shares sold short, which is 1.13% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.0 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>Arista Networks Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1713881722_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Arista Networks 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 Arista Networks'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>, Arista Networks's peer group average for short interest as a percentage of float is 8.84%, 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.

Short Sellers

Short Ideas

ANET

(ANET) - Analyzing Arista Networks's Short Interest

Element Solutions's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESI#NYSE">ESI</a>) short percent of float has fallen 5.29% since its last report. The company recently reported that it has 3.58 million shares sold short, which is 1.61% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.69 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>Element Solutions Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1713881717_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Element Solutions 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 Element Solutions'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>, Element Solutions's peer group average for short interest as a percentage of float is 4.12%, 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.

How Is The Market Feeling About Element Solutions?

AGNC Investment's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AGNC#NYSE">AGNC</a>) short percent of float has risen 6.12% since its last report. The company recently reported that it has 51.65 million shares sold short, which is 7.46% of all regular shares that are available for trading. Based on its trading volume, it would take traders 5.21 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>AGNC Investment Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1713881712_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for AGNC Investment 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 AGNC Investment'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>, AGNC Investment's peer group average for short interest as a percentage of float is 6.61%, 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.

AGNC

How Is The Market Feeling About AGNC Investment?

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