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KRON

Kronos Bio will present interim data from the Phase 1 dose escalation portion of its ongoing Phase 1/2 KB-0742 study at the AACR-NCI-EORTC conference. The company will also host a virtual investor event on October 13.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 8:06 pm

TAK

Takeda Pharmaceutical Inc. (NYSE:TAK) shares are currently trading at $14.63, after a 2.14% drop. Over the past month, the stock decreased by 3.56%, but over the past year, it increased by 11.51%. The company's P/E ratio is lower than the aggregate P/E of the Pharmaceuticals industry, indicating that the stock might be undervalued.

Portfolio Pulse from Benzinga Insights

October 04, 2023 | 8:00 pm

LAAC

LAC

Lithium Americas Corp. (NYSE:LAC) shares dropped after the company announced its separation into two independent public companies, Lithium Americas (Argentina) Corp. (NYSE:LAAC) and the new Lithium Americas Corp. (NYSE:LAC). Both companies started trading on the TSX and NYSE on Oct. 4 under the ticker symbols 'LAAC' and 'LAC', respectively.

Portfolio Pulse from Ryan Gustafson

October 04, 2023 | 7:58 pm

MPC

A whale investor has taken a bullish stance on Marathon Petroleum (NYSE:MPC), with 50% of investors opening trades with bullish expectations and 50% with bearish. The whale has been targeting a price range from $105.0 to $160.0 for Marathon Petroleum over the last 3 months. The price of MPC is down -1.74% at $144.71. Analysts from Raymond James, Wells Fargo, B of A Securities, and Mizuho have maintained their ratings on Marathon Petroleum, with price targets ranging from $157 to $178.

Portfolio Pulse from Benzinga Insights

October 04, 2023 | 7:32 pm

ALDX

Knoll Capital Management has acquired a 6.1% passive stake in Aldeyra Therapeutics, according to a Form 13G filing with the SEC.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 7:29 pm

LMT

A significant amount of bearish options activity has been observed for Lockheed Martin (NYSE:LMT), with 68% of investors opening trades with bearish expectations. The majority of the trades are puts, totaling $1,296,222, compared to $224,828 in calls. Whales have been targeting a price range from $360.0 to $412.5 for Lockheed Martin over the last 3 months. Deutsche Bank has downgraded its action to Hold with a price target of $435, while Wells Fargo upgraded its action to Equal-Weight with a price target of $440.

Portfolio Pulse from Benzinga Insights

October 04, 2023 | 7:16 pm

PEP

A significant investor has taken a bullish stance on PepsiCo (NASDAQ:PEP), with 60% of recent trades being bullish and 40% bearish. The trades have targeted a price range of $155.0 to $210.0 for PepsiCo over the last 3 months. The current price of PEP is $168.29, up 0.35%. Barclays maintains an Overweight rating on PepsiCo with a price target of $179.

Portfolio Pulse from Benzinga Insights

October 04, 2023 | 7:01 pm

NOVA

RUN

SPWR

Truist Securities analyst Jordan Levy has downgraded Sunrun Inc (RUN) and Sunnova Energy International, Inc (NOVA) to Hold from Buy, and lowered their price targets. The price target for SunPower Corp (SPWR) was also cut, but its Hold rating was maintained. Levy believes the residential solar market has been impacted by rates and policy changes curbing U.S. growth, and expects this trend to continue into 2024. However, he is bullish on the long-term outlook for the home electrification and resiliency market.

Portfolio Pulse from Lekha Gupta

October 04, 2023 | 6:41 pm

DNUT

Krispy Kreme Inc (NASDAQ:DNUT) is seeking strategic alternatives for its Insomnia Cookies business to focus on its core strategy of producing, selling and distributing fresh doughnuts daily. However, Truist Securities analyst Bill Chappell, who reiterated a Buy rating on DNUT with an unchanged price target of $20, is unsure how divesting the business will improve the focus on the core as Insomnia has been accretive to DNUT's top line growth rate.

Portfolio Pulse from Shivani Kumaresan

October 04, 2023 | 6:15 pm

ETHUSD

On Tuesday, 2,469.02 Ether (ETH) worth $4,048,724 was burned from Ethereum transactions. This follows the Ethereum blockchain's upgrade known as EIP-1159, which changed the fee model and includes a variable base fee that is burned, permanently removing it from circulation. Ethereum is currently issuing new Ether at a rate of 4% per year, expected to decrease to around 0.5-1% with the Ethereum 2.0 upgrade. The net annualized issuance rate for Ether yesterday was -0.19%.

Portfolio Pulse from Benzinga Insights

October 04, 2023 | 6:00 pm