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ENPH

Enphase Energy (NASDAQ:ENPH) has seen a significant surge in options activity, with a bearish stance from big-money investors. Benzinga's options scanner revealed 10 unusual trades, showing a split sentiment of 40% bullish and 60% bearish. The trades include 2 puts and 8 calls, targeting a price range of $60.0 to $160.0. The company, a leader in solar technology, has a current stock price of $127.61, with analysts giving mixed reviews and an average price target of $126.5.

Portfolio Pulse from Benzinga Insights

March 12, 2024 | 2:01 pm

JD

Recent unusual options activity on JD.com (NASDAQ:JD) indicates a bearish sentiment among deep-pocketed investors, with a significant portion of activity in puts over calls. The options activity targets a price range of $15.0 to $30.0 for JD.com. The company's current market status shows a 3.03% increase in stock price to $26.86, with an RSI suggesting it may be approaching overbought territory. Analysts have mixed ratings on JD.com, with target prices ranging from $26 to $55.

Portfolio Pulse from Benzinga Insights

March 12, 2024 | 2:01 pm

FERG

Over the past 5 years, Ferguson (NYSE:FERG) has achieved an average annual return of 23.61%, outperforming the market by 10.99%. A $1000 investment in FERG 5 years ago would now be worth $2,885.96. Ferguson's market capitalization stands at $40.40 billion.

Portfolio Pulse from Benzinga Insights

March 12, 2024 | 2:00 pm

GD

General Dynamics (NYSE:GD) has delivered an average annual return of 9.64% over the past 20 years, outperforming the market by 1.7% annually. A $100 investment in GD 20 years ago would be worth $617.12 today, showcasing the impact of compounded returns over time. General Dynamics currently has a market capitalization of $74.45 billion.

Portfolio Pulse from Benzinga Insights

March 12, 2024 | 2:00 pm

BTCUSD

ETHUSD

PEPEUSD

TONUSD

Bitcoin surpassed the $72,000 mark following the release of U.S. inflation data, with the global crypto market cap reaching $2.7 trillion. Ethereum slightly declined but stayed above $4,000. Toncoin emerged as the top gainer, while Pepe was the biggest loser among cryptocurrencies. The Consumer Price Index in the U.S. increased by 0.4% month-over-month in February.

Portfolio Pulse from Avi Kapoor

March 12, 2024 | 1:56 pm

BTCUSD

ETHUSD

Tesla investor Ross Gerber advises against investing in lesser-known cryptocurrencies, emphasizing the value of Bitcoin and Ethereum amidst a significant rally in the crypto market. He highlights the failure rate of altcoin projects since 2020 but notes the recent Bitcoin rally could signal a broader market revival.

Portfolio Pulse from Benzinga Neuro

March 12, 2024 | 1:23 pm

FBTC

GBTC

IBIT

The cryptocurrency investment landscape saw $505 million in net inflows into Bitcoin spot ETFs, with significant activity on March 11. Grayscale's Bitcoin Trust (GBTC) experienced a net outflow of $494 million, while BlackRock's Bitcoin ETF (IBIT) and Fidelity's Bitcoin ETF (FBTC) saw net inflows of $562 million and $215 million, respectively. The total net asset value of Bitcoin spot ETFs is now $58.36 billion. Additionally, Thailand's SEC has amended its rules to allow private funds to invest in U.S.-traded spot Bitcoin ETFs, following the U.S. SEC's classification of these ETFs as securities.

Portfolio Pulse from Murtuza Merchant

March 12, 2024 | 1:08 pm

INZY

Inozyme Pharma (INZY) reported a narrower FY23 EPS loss of $(1.37) compared to $(1.78) YoY. The company's cash position was strong at $188.6M as of Dec 31, 2023, expected to support operations into Q4 2025. R&D expenses increased to $54.8M, primarily due to costs related to ongoing clinical trials and potential commercialization. G&A expenses remained flat at $20.8M. The net loss for FY23 was $71.2M.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 1:00 pm

ONON

ORCL

RGLS

Oracle (ORCL) shares rose by 14% following positive Q3 financial results. Regulus Therapeutics (RGLS) shares surged by 103% after announcing promising topline results from a Phase 1b study and a $100 million private placement. On Holding (ONON) shares fell by 18% due to disappointing Q4 financial results.

Portfolio Pulse from ryanfaloona@benzinga.com

March 12, 2024 | 12:43 pm

LICY

Li-Cycle's stock price increased following the announcement of a $75 million senior secured convertible note agreement with a Glencore affiliate. This financial move could bolster Li-Cycle's balance sheet and fund future expansions.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 12:43 pm