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Equity Actions

VFS

VinFast Auto Ltd. (NASDAQ:VFS) shares surged amid a broader rally in meme stocks, driven by renewed interest from retail investors following posts by Keith Gill, a.k.a Roaring Kitty. The stock's volume exceeded 11 million shares, far above its 100-day average, partly due to interest from short-sellers. VinFast does not pay dividends but may engage in other capital allocation strategies.

Portfolio Pulse from Erica Kollmann

May 13, 2024 | 8:02 pm

VTLE

Recent analyst ratings for Vital Energy (VTLE) show a mix of perspectives, with a shift towards more neutral positions in the last 30 days. The average 12-month price target for VTLE has been raised to $59.7, indicating a positive outlook. Analyst actions include both upgrades and downgrades, reflecting dynamic market conditions and company performance. Vital Energy's financials reveal strong revenue growth but challenges in profitability and debt management.

Portfolio Pulse from Benzinga Insights

May 13, 2024 | 8:01 pm

CRGY

Crescent Energy (NYSE:CRGY) has received mixed analyst ratings over the past three months, with a downward trend in the 12-month price target to $16.6 from $17.25. Analyst actions include both upgrades and downgrades, reflecting varying perspectives on the company's performance and market conditions. Crescent Energy's financial performance shows strong revenue growth but challenges in profitability and high debt levels.

Portfolio Pulse from Benzinga Insights

May 13, 2024 | 7:00 pm

Analysts have recently updated their ratings and price targets for Impinj (NASDAQ:PI), showing a positive shift in sentiment. The average 12-month price target has increased to $151.45, with a high estimate of $200.00 and a low of $125.00, marking a significant rise from the previous average of $128.50. This change reflects a more bullish outlook from analysts, with recent ratings upgrades and raised price targets from firms such as Jefferies, Goldman Sachs, and Susquehanna. Despite facing revenue challenges and a high debt-to-equity ratio, Impinj's strong net margin and ROE indicate solid profitability and effective equity capital utilization.

Portfolio Pulse from Benzinga Insights

May 13, 2024 | 7:00 pm

CTOS

Custom Truck One Source (CTOS) has received mixed analyst ratings over the past three months, with a current average price target of $8.00, down 7.73% from $8.67. Analysts from firms including Oppenheimer, JP Morgan, Baird, and DA Davidson have adjusted their ratings and price targets, reflecting a nuanced view of the company's performance and market position. Despite the diverse ratings, the company faces challenges such as a decline in revenue, below-average net margin, ROE, and ROA, alongside a high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

May 13, 2024 | 7:00 pm

CVX

HES

HBK Investments, a significant investor in Hess Corporation, has announced its decision to abstain from voting on the proposed merger between Hess and Chevron. This decision could influence the outcome of the merger vote, highlighting investor uncertainty or dissent regarding the deal.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 6:39 pm

MKSI

MKS Instruments announced a proposed private offering of $1 billion of convertible senior notes, leading to its shares trading lower.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 6:29 pm

AMPX

Amprius Technologies Inc (NYSE:AMPX) shares dropped 30.5% to $1.37 after announcing a temporary deal for warrant holders to exercise their warrants at a reduced price of $1.10 each, significantly lower than the usual $11.50. This move aims to boost cash exercise of the warrants to fund the company's working capital and development plans, potentially raising about $50 million in gross proceeds. The offer expires on June 11. Over the past year, AMPX shares have fallen by 83.63%, with a 52-week high of $10.63 and a low of $1.27.

Portfolio Pulse from Henry Khederian

May 13, 2024 | 6:13 pm

INKT

MiNK Therapeutics, Inc. (NASDAQ:INKT) shares surged 11% after announcing a $5.8 million private placement financing to accelerate clinical trials of its leading therapy, MiNK-215. The company plans to sell 4.64 million shares at $1.25 each, a 25% premium to current prices, with the financing aimed at advancing MiNK-215's clinical trials targeting solid tumors. The PIPE deal is expected to close on May 14, 2024. Additionally, MiNK announced the appointment of Yekaterina Chudnovsky as Board Observer.

Portfolio Pulse from Dylan Berman

May 13, 2024 | 5:48 pm

AAPL

AMD

ARM

DOCN

MSFT

NVDA

PATH

SMCI

TSM

Today's session highlighted significant options activity for 10 Information Technology stocks, indicating potential trading opportunities based on whale alerts. These alerts track large transactions, revealing market sentiments and possible price movements. Notable activities include bearish calls on NVDA and MU, bullish puts on AMD, TSM, and PATH, and various other trades with mixed sentiments across companies like DOCN, AAPL, MSFT, SMCI, and ARM.

Portfolio Pulse from Benzinga Insights

May 13, 2024 | 5:35 pm