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Equity Actions

CORT

Corcept Therapeutics (NASDAQ:CORT) has received updated analyst ratings over the past three months, with a unanimous bullish outlook from 4 analysts. The average 12-month price target has been raised to $41.00, indicating a 6.03% increase from the previous target. The company's financial performance shows strong revenue growth, net margin, and ROA, but a below-average ROE and no reliance on debt financing.

Portfolio Pulse from Benzinga Insights

May 02, 2024 | 8:01 pm

SKWD

Skyward Specialty (NASDAQ:SKWD) has seen varied analyst ratings over the past three months, with a recent shift towards more bullish sentiments. The average 12-month price target for SKWD has been raised to $42.67, indicating a positive outlook from financial experts. Analysts from firms like JMP Securities, Keefe, Bruyette & Woods, Piper Sandler, and BMO Capital have adjusted their ratings and price targets, reflecting an optimistic view on the company's performance. Skyward Specialty's financial indicators such as revenue growth, ROE, and ROA have shown impressive results, surpassing industry averages and highlighting the company's strong market position.

Portfolio Pulse from Benzinga Insights

May 02, 2024 | 8:00 pm

OGE

OGE Energy Corp has filed for a mixed shelf offering according to an SEC filing, though the size of the offering has not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 7:35 pm

RIVN

Rivian Automotive, Inc. (NASDAQ:RIVN) shares surged after receiving an $827 million incentive package from the State of Illinois for plant expansion and workforce development. The funds will support the expansion of Rivian's Normal, IL plant, public infrastructure improvements, and job training programs. Rivian's CEO expressed gratitude for the state's support, highlighting the partnership's role in bringing the R2 midsize SUV to market and enhancing EV consumer choice. Rivian's stock has risen over 18% in the past five days, with a 6.62% increase to $9.82 at the time of publication.

Portfolio Pulse from Erica Kollmann

May 02, 2024 | 7:24 pm

CSLR

Complete Solaria, Inc. (NASDAQ:CSLR) announced a debt-for-equity swap with Kline Hill Partners, issuing 9.8 million shares to cancel debt and an additional agreement to buy 3.7 million warrants. The swap is contingent on agreements with other lenders, highlighting Carlyle's resistance.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 7:09 pm

CNC

Analysts have mixed views on Centene (NYSE:CNC), with ratings ranging from bullish to bearish over the last quarter. The average 12-month price target is $93.3, slightly down from $93.62. Recent actions by analysts include adjustments to ratings and price targets, reflecting changes in market conditions and company performance. Centene, a managed-care organization, has shown solid revenue growth and strong financial performance indicators such as net margin, ROE, and ROA, despite challenges in debt management.

Portfolio Pulse from Benzinga Insights

May 02, 2024 | 7:01 pm

LMND

Five analysts have recently updated their ratings on Lemonade (NYSE:LMND), showing a mix of sentiments with an average 12-month price target of $21.4, reflecting a 39.6% increase from the previous target. The ratings range from 'Neutral' to 'Market Outperform', with price targets adjusted accordingly. Lemonade's financials indicate a positive revenue trend with a growth rate of 30.66% as of December 31, 2023, but challenges in profitability and efficiency metrics such as net margin, ROE, and ROA.

Portfolio Pulse from Benzinga Insights

May 02, 2024 | 6:01 pm

ALKS

Seven analysts have recently evaluated Alkermes (NASDAQ:ALKS), showing a mix of bullish to bearish sentiments. The average 12-month price target for ALKS is now $37.14, up 5.36% from the previous $35.25, with a high estimate of $50.00 and a low of $25.00. Analyst actions include maintaining, raising, and announcing ratings with price targets ranging from $25.00 to $50.00. Alkermes's financial performance shows strong revenue growth of 23.89%, a high net margin of 29.88%, and effective debt management with a debt-to-equity ratio of 0.31.

Portfolio Pulse from Benzinga Insights

May 02, 2024 | 6:00 pm

AMZN

BABA

CVNA

DASH

TSLA

Today's session highlighted unusual options activity for 10 consumer discretionary stocks, indicating potential trading opportunities based on whale alerts. These alerts, tracking large transactions, showed a mix of bearish and bullish sentiments across various stocks including TSLA, DASH, BABA, CVNA, RSI, PDD, AMZN, JD, DKNG, and RIVN. The activity involved both call and put options with varying expiration dates, strike prices, and total trade prices, suggesting significant market movements.

Portfolio Pulse from Benzinga Insights

May 02, 2024 | 5:35 pm

IOT

PLD

XLE

On CNBC's Halftime Report, the final trades included recommendations for Samsara, Prologis, and the SPDR Select Sector Fund - Energy Select Sector. These picks highlight a focus on IoT technology, industrial real estate, and the energy sector.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 5:00 pm