Goldman Sachs Vice President of Global Investment Research Michael Ng downgraded two major film exhibitors, Imax Corp (NYSE: IMAX) and Cinemark Holdings, Inc. (NYSE: CNK), in a newly published analysis.
Benzinga's PreMarket Prep airs every morning from 8-9 a.m. ET. During that fast-paced, highly informative hour, traders and investors tune in to get the major news of the day, the catalysts behind those moves and the corresponding price action for the upcoming session.
Traders often look at short interest to get a sense of how many people are bearish on a stock and how strong the possibility of a short squeeze is. But simply looking at the size of the outstanding short position for a stock might not necessarily be the best indicator of how volatile a stock can be if the shorts begin to cover.
Stocks of companies exposed to the cryptocurrency market stay high as analysts at the world's top bank, JPMorgan Chase & Co. (NYSE: JPM), suggest that Bitcoin (CRYPTO: BTC) is headed lower.
Toward the end of trading Wednesday, the Dow traded up 0.05% to 34,594.18 while the NASDAQ fell 0.16% to 13,715.08. The S&P also rose, gaining 0.02% to 4,202.76.