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Equity Actions

NVDA

NVIDIA Corp (NASDAQ:NVDA) stock, after gaining 246% in 2023 and over 47% so far in 2024, sees hedge funds trimming their positions, with ownership decreasing from 9.13% to 9.07% in Q4 2023. The put/call ratio has risen to 1.44, indicating increased bearish sentiment among investors. Despite this, some hedge fund managers have increased their stakes in Nvidia.

Portfolio Pulse from Surbhi Jain

February 16, 2024 | 6:16 pm

CRBG

Corebridge Financial (NYSE:CRBG) has received mixed analyst ratings over the past three months, with recent updates showing a shift towards a more bullish outlook. The average 12-month price target for CRBG has been raised to $30.5, indicating a 16.19% increase from the previous target. Analysts from Keefe, Bruyette & Woods, RBC Capital, UBS, and Goldman Sachs have all raised their price targets, reflecting optimism about the company's performance. Despite a revenue decline of -15.1% in the last quarter, Corebridge Financial's strong market capitalization, net margin, ROE, ROA, and prudent debt management are highlighted as positive indicators.

Portfolio Pulse from Benzinga Insights

February 16, 2024 | 6:00 pm

PEGA

Pegasystems (NASDAQ:PEGA) was analyzed by 4 financial analysts, showing a mix of bullish and indifferent sentiments. The average 12-month price target is $64.25, indicating an 11.74% increase from the previous target. The company's financial performance is strong, with significant revenue growth, net margin, ROE, and ROA, but it faces challenges in debt management.

Portfolio Pulse from Benzinga Insights

February 16, 2024 | 6:00 pm

EAF

GrafTech International (NYSE:EAF) has been evaluated by 4 analysts over the last three months, all maintaining an 'Indifferent' stance. The average 12-month price target has been reduced by 37.33% to $1.88. Analysts from RBC Capital, BMO Capital, UBS, and Citigroup have adjusted their price targets, reflecting a negative shift in sentiment towards EAF. The company faces challenges in revenue growth, net margin, ROE, ROA, and has a high debt-to-equity ratio, indicating potential financial difficulties.

Portfolio Pulse from Benzinga Insights

February 16, 2024 | 6:00 pm

BLK

GBTC

Bitcoin spot ETFs have seen a 15-day streak of net inflows, totaling $477 million on Feb. 15, with BlackRock's IBIT leading at $330 million in one day. Despite this, Grayscale's GBTC experienced a net outflow of $174 million, indicating a competitive landscape and investor preference for specific ETFs. IBIT's total net inflow has reached $5.17 billion, showcasing its dominance in the market. This trend reflects growing mainstream interest in cryptocurrency investments and the maturation of the cryptocurrency market.

Portfolio Pulse from Murtuza Merchant

February 16, 2024 | 5:50 pm

TENX

CVI Investments, Inc. has reported a 9.9% stake in Tenax Therapeutics as of February 8, 2024, according to a 13G filing with the SEC.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 5:45 pm

SO

Southern Co announced the offering of the Southern Investment Plan, a direct stock purchase and dividend reinvestment plan. The plan is related to 11.6 million shares of common stock, with a $5 par value. The company will only receive proceeds from the purchase of common stock under this plan if the stock is issued directly by the company, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 5:43 pm

SO

Southern Co has filed for a mixed shelf offering with the SEC, though the size of the offering has not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 5:41 pm

AMZN

BABA

DASH

DKNG

HLT

NKE

PLNT

QS

TJX

TSLA

Today's session highlighted unusual options activity in the Consumer Discretionary sector, tracking large transactions by 'whales'. Notable activity was observed in stocks like TSLA, BABA, AMZN, NKE, DASH, PLNT, TJX, DKNG, QS, and HLT, with various sentiments and expiration dates. This could indicate potential trading opportunities based on the divergence of market estimation from normal value.

Portfolio Pulse from Benzinga Insights

February 16, 2024 | 5:35 pm

LNG

Bill Baruch announced on CNBC that he has trimmed his position in Cheniere Energy, potentially indicating a shift in his investment strategy or outlook on the company.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 5:30 pm