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SAVE

Spirit Airlines (NYSE:SAVE) has received 8 analyst ratings in the last three months, showing a diverse range of opinions from indifferent to bearish. The average 12-month price target for SAVE has been adjusted to $3.67, down from $6.28, indicating a 41.56% decrease. Analysts from firms including TD Cowen, Deutsche Bank, Citigroup, Susquehanna, Evercore ISI Group, and Barclays have updated their ratings and price targets, reflecting changes in market conditions and company performance. Spirit Airlines faces challenges in revenue growth, net margin, ROE, ROA, and debt management, with recent financial metrics indicating a decline in revenue and below-industry standards in profitability and asset management.

Portfolio Pulse from Benzinga Insights

May 07, 2024 | 7:00 pm

MSFT

NVDA

Stanley Druckenmiller, a billionaire investor and former employee of George Soros, has reduced his investment in Nvidia Corp (NVDA) after the stock's significant surge, attributing the decision to the rapid acceleration of the AI market. Druckenmiller, who has been investing in AI through stocks like Nvidia and Microsoft Corp (MSFT), cited Nvidia's stock price increase from $150 to over $900 in just over a year as a reason for the reduction. Despite this, he remains bullish on AI's long-term prospects, comparing its potential impact to that of the internet.

Portfolio Pulse from Adam Eckert

May 07, 2024 | 6:49 pm

ALZN

Alzamend Neuro, Inc. (NASDAQ:ALZN) announced the termination of its 'at-the-market' equity offering program, aiming to minimize uncertainty and preserve shareholder value. The decision led to a nearly 12% drop in its shares. The company had sold about 1,076,821 shares through the program, generating approximately $1.3 million. Alzamend Neuro remains focused on advancing treatments for Alzheimer's and other disorders with its therapeutic candidates, AL001 and ALZN002.

Portfolio Pulse from vaishaliprayag@benzinga.com

May 07, 2024 | 6:30 pm

NVR

NVR, Inc. (NYSE:NVR) has announced a new share buyback program authorizing the repurchase of up to $750 million of its outstanding common stock. This program, which does not have an expiration date, is part of NVR's ongoing strategy to maximize shareholder value and continues the repurchase initiative that started in 1994. The company will buy back shares from the open market or through privately negotiated transactions, depending on market conditions, but will not purchase shares from its officers, directors, or employee trust plans. As of May 6, 2024, NVR had 3,133,092 total shares of common stock outstanding.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 6:24 pm

TGLS

Analysts have provided diverse ratings for Tecnoglass (NYSE:TGLS) over the last three months, with a total of 7 ratings ranging from bullish to indifferent. The average 12-month price target for TGLS has been raised to $57.71, indicating a positive sentiment shift. Key analysts from firms like Baird, B. Riley Securities, DA Davidson, and Stifel have adjusted their price targets and ratings, reflecting their latest outlook on the company. Despite a negative revenue trend and a market capitalization below industry benchmarks, Tecnoglass shows strong financial performance with high net margin, ROE, and ROA, alongside a conservative debt management approach.

Portfolio Pulse from Benzinga Insights

May 07, 2024 | 6:01 pm

BMY

CRL

HUM

LLY

MRK

PEN

PGNY

UNH

VRTX

ZTS

Today's session highlighted significant options activity in the Health Care sector, with notable trades on stocks like BMY, VRTX, MRK, PGNY, LLY, ZTS, HUM, PEN, CRL, and UNH. The activity ranged from bullish to bearish sentiments, involving both call and put options with various expiration dates and strike prices. This unusual options activity could indicate potential trading opportunities based on the large transactions by 'whales', or entities with substantial capital.

Portfolio Pulse from Benzinga Insights

May 07, 2024 | 5:35 pm

AMZN

BABA

CVNA

FTDR

KBH

LVS

SBUX

TSLA

Today's session highlighted significant whale activity in the Consumer Discretionary sector, with notable options trading on stocks like TSLA, CVNA, JD, BABA, AMZN, FTDR, LVS, SBUX, F, and KBH. The trades varied in sentiment, with some bullish and others bearish, indicating diverse expectations for these stocks' future movements. The activity involved both call and put options, with varying expiration dates and strike prices, reflecting sophisticated strategies by entities with large sums of money.

Portfolio Pulse from Benzinga Insights

May 07, 2024 | 5:35 pm

AAPL

AMD

ARM

INTC

MDB

MSFT

NVDA

PANW

SMCI

TSM

Today's session highlighted significant whale activity in the Information Technology sector, focusing on options trading for stocks like AAPL, NVDA, AMD, INTC, TSM, PANW, MSFT, SMCI, MDB, and ARM. The trades, characterized by their bullish or bearish sentiments, involved various strategies such as sweeps and trades with notable volumes and total trade prices. This activity could indicate potential market movements or investor sentiment towards these companies.

Portfolio Pulse from Benzinga Insights

May 07, 2024 | 5:35 pm

GreenPower Motor Company Inc (NASDAQ:GP) shares dropped 22.5% to $1.41 after announcing a public offering of 1.5 million common shares and warrants at $1.55 per share, aiming to raise approximately $2.3 million. The proceeds are intended for the production of electric vehicles and general corporate purposes. The offering, managed by Maxim Group LLC, is expected to close around May 9. Year to date, GP shares have declined by 54.04%, underperforming historical averages.

Portfolio Pulse from Henry Khederian

May 07, 2024 | 5:07 pm

AGRI

AgriFORCE Growing Systems Ltd (NASDAQ:AGRI) shares dropped 26.9% to $0.10 after filing a prospectus for the sale of up to 432.5 million shares by selling stockholders. The company will not sell any shares itself nor receive proceeds from the sale, but will incur registration expenses. The stock has significantly underperformed, losing 99.65% year to date, with a 52-week range of $0.098 to $31.00.

Portfolio Pulse from Henry Khederian

May 07, 2024 | 5:07 pm