Streetbeat News

Earnings

PDD

PDD Holdings (NASDAQ:PDD) has seen significant options activity, with a mix of bullish and bearish sentiments among investors. Analysis of 11 trades reveals a slight preference for bullish positions, with notable activity in both puts and calls within a price window of $105.0 to $180.0. The company, a multinational commerce group, has its stock currently priced at $133.11, showing a 1.12% increase, with neutral RSI indicators and earnings expected in 24 days.

Portfolio Pulse from Benzinga Insights

February 23, 2024 | 3:45 pm

MARA

Marathon Digital Holdings (NASDAQ:MARA) has seen a surge in options activity, with an equal split between bullish and bearish sentiments among investors. The options trades range from $12.5 to $35.0 strike prices, indicating varied expectations for the stock's future price. The company, which focuses on mining digital assets, has experienced a recent price decrease of -3.58%, with its next earnings report due in 5 days. The significant options activity could suggest investor speculation ahead of the earnings announcement.

Portfolio Pulse from Benzinga Insights

February 23, 2024 | 3:45 pm

FIX

Comfort Systems shares are trading higher following the announcement of their Q4 results, which exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 3:36 pm

GLPG

Galapagos shares have experienced a decline following the announcement of their fiscal year 2023 earnings.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 3:35 pm

GH

Guardant Health's shares dropped following the company's announcement of its 2024 revenue guidance, which has a midpoint below market estimates.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 3:33 pm

EGO

Eldorado Gold's stock price has decreased following the release of their Q4 earnings report.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 3:31 pm

CLMT

Calumet Specialty Products Partners LP (NASDAQ:CLMT) reported a Q4 fiscal 2023 sales decline of 2.3% Y/Y to $976.50 million, beating consensus estimates. The company saw a net loss per unit improvement but missed consensus estimates. Gross profit and margins declined, while operating loss improved. Adjusted EBITDA decreased compared to the previous year. Calumet plans to transition from an MLP to a C-Corp by mid-2024. The company faced operational challenges but saw improvements in its Performance Brands segment. It also announced a private placement of $200 million in Senior Secured First Lien Notes due 2029. CLMT shares dropped 5.75% to $16.22.

Portfolio Pulse from Akanksha Bakshi

February 23, 2024 | 3:26 pm

AER

AXTI

CRGE

MNPR

MRVI

SQNS

UPLD

U.S. stocks traded higher with the Dow Jones index up by over 150 points. AerCap Holdings reported upbeat Q4 earnings with adjusted EPS of $3.11, beating consensus. AXT, Inc., Maravai LifeSciences, and Monopar Therapeutics saw significant stock price increases after reporting better-than-expected financial results. Conversely, Sequans Communications, Charge Enterprises, and Upland Software experienced substantial declines in their stock prices due to various negative developments.

Portfolio Pulse from Avi Kapoor

February 23, 2024 | 3:25 pm

NVDA

NVIDIA shares are trading higher due to continued strength following the company's recent earnings report.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 3:22 pm

C

Significant investor activity in Citigroup (NYSE:C) options shows a bullish stance, with 65% of trades being bullish. Notable trades include calls and puts with strike prices ranging from $35.0 to $65.0. Analysts have set an average target price of $74.33 for Citigroup, with recent upgrades from Morgan Stanley and Piper Sandler. Citigroup's current trading volume is 1,429,276, with a slight price increase to $55.95. The stock may be approaching overbought territory, with earnings expected in 49 days.

Portfolio Pulse from Benzinga Insights

February 23, 2024 | 3:15 pm