Streetbeat News

Equity Actions

AMD

MARA

NVDA

PANW

SOUN

Today's session highlighted significant options activity in the Information Technology sector, with notable movements in stocks like NVDA, AMD, MARA, PANW, SOUN, MSTR, SMCI, PLTR, NTNX, and FTNT. The activity ranged from bullish to bearish sentiments, with various expiration dates and strike prices, indicating diverse trading strategies and expectations from large investors or 'whales'.

Portfolio Pulse from Benzinga Insights

February 27, 2024 | 5:35 pm

SRNE

VRPX

Virpax Pharmaceuticals (VRPX) shares are trading lower following the announcement of a proposed litigation settlement with Sorrento Therapeutics (SRNE) and Scilex Pharmaceuticals, alongside a 1-for-10 reverse stock split.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 5:24 pm

BLK

BlackRock Inc. (NYSE:BLK) is shifting its stance from promoting index investing to advocating for actively managed strategies, citing the current economic environment of higher interest rates, persistent inflation, and geopolitical risks as more conducive for active management. This marks a significant departure from the buy-and-hold strategy that has been popular among investors, driven by a decade of low interest rates and strong performance of developed-market stocks and bonds. BlackRock analysts argue that the traditional approach of static asset allocations will not be as effective, urging investors to adopt more dynamic strategies.

Portfolio Pulse from Piero Cingari

February 27, 2024 | 5:21 pm

PWSC

Analysts have updated their ratings and price targets for PowerSchool Holdings (NYSE:PWSC), showing a mix of bullish and somewhat bullish sentiments. The average 12-month price target has been raised to $28.00, indicating a positive outlook. PowerSchool Holdings, a provider of cloud-based software for K-12 education, has shown solid revenue growth but struggles with profitability and efficiency metrics compared to industry peers.

Portfolio Pulse from Benzinga Insights

February 27, 2024 | 5:00 pm

AEO

American Eagle Outfitters (NYSE:AEO) has received mixed analyst ratings over the past quarter, with a shift towards a more positive outlook in recent evaluations. Analysts from Citigroup, UBS, Telsey Advisory Group, and TD Cowen have raised their price targets, reflecting an optimistic view on the company's performance and market conditions. The average 12-month price target for AEO has increased to $24.00, up from $21.00, indicating a positive sentiment among analysts. American Eagle Outfitters, a retailer with a strong presence in the U.S., Canada, Mexico, and Hong Kong, has shown notable revenue growth and financial performance, surpassing industry averages in net margin, ROE, and ROA, while maintaining a healthy debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

February 27, 2024 | 5:00 pm

ANF

Abercrombie & Fitch (NYSE:ANF) received mixed analyst ratings with an average 12-month price target of $115, marking a 19.17% increase from the previous target. Analysts from Citigroup, UBS, and Telsey Advisory Group raised their price targets, reflecting optimism about the company's performance. Abercrombie & Fitch has shown impressive financial milestones, including a 20.04% revenue growth and strong profitability indicators such as a 9.11% net margin and an 11.77% ROE.

Portfolio Pulse from Benzinga Insights

February 27, 2024 | 5:00 pm

PYXS

Pyxis Oncology's stock is trading higher following the announcement of a $50 million private placement, involving the sale of 8,849,371 shares at $4.78 each.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 4:36 pm

NSC

Ancora Holdings has initiated a proxy battle with Norfolk Southern Corp (NSC), aiming to overhaul its board and replace CEO Alan Shaw with a focus on making the railroad safer and more sustainable. Ancora, holding a $1B stake, proposes a new management team including ex-UPS COO Jim Barber Jr. as CEO. Norfolk Southern has responded by nominating 13 board members, emphasizing continuity and safety, and expressing concerns about Ancora's approach. The company's shares slightly declined.

Portfolio Pulse from Vandana Singh

February 27, 2024 | 4:07 pm

DNLI

Denali Therapeutics announced a $500 million private placement equity financing and reported its Q4 financial results, leading to a rise in its share price.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 4:03 pm

FTAI

FTAI Aviation (NASDAQ:FTAI) received mixed analyst ratings with an average 12-month price target of $62.25, marking a 24.5% increase from the previous target. Analysts from Morgan Stanley, Barclays, and Stifel have raised their price targets, reflecting a positive outlook on the company's financial health, including a notable revenue growth of 7.43%, a net margin of 35.18%, and an ROE of 81.63%. However, the company's debt-to-equity ratio of 14.37 indicates a higher financial risk.

Portfolio Pulse from Benzinga Insights

February 27, 2024 | 4:00 pm