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Equity Actions

WFC

Investors have shown a mixed sentiment towards Wells Fargo (NYSE:WFC), with unusual options trading activity indicating both bullish and bearish positions. Benzinga's options scanner revealed 10 significant trades, split between 40% bullish and 40% bearish sentiment. The trades suggest a projected price range for WFC of $27.5 to $67.5 over the next three months. The current market status of Wells Fargo shows a slight decrease in stock price to $59.69, with indicators suggesting it may be approaching overbought territory. The next earnings report is expected in 73 days.

Portfolio Pulse from Benzinga Insights

April 30, 2024 | 6:16 pm

ISRG

LLY

PFE

REGN

SNDL

SYK

THC

UNH

VKTX

ZTS

Today's session highlighted significant options activity in the Health Care sector, with notable trades on stocks like LLY, THC, SNDL, PFE, ISRG, ZTS, SYK, REGN, UNH, and VKTX. The activity ranged from bearish to bullish 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 sums of money moving in the market.

Portfolio Pulse from Benzinga Insights

April 30, 2024 | 5:35 pm

LFSWF

Lifeist Wellness Inc. reported its Q1 financial results for 2024, showing a decrease in net revenue to CA$4.9 million from CA$5.9 million in Q1 2023, but an improvement in gross profit margin to 27% from 25%. The net loss from continuing operations decreased to CA$2.5 million from CA$3.3 million, and adjusted EBITDA loss improved to CA$2.1 million from CA$3 million. The company's focus on premium products and operational efficiencies are highlighted as strategic moves. Lifeist also announced Joshua Hone as the new CFO effective April 30, 2024.

Portfolio Pulse from Patricio Liddle

April 30, 2024 | 5:12 pm

SGBX

Safe & Green Holdings (SGBX) announced a 1-for-20 reverse stock split, leading to its shares trading lower.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 5:10 pm

MAIN

Four analysts have recently updated their ratings on Main Street Capital (NYSE:MAIN), with a mix of neutral and positive outlooks, leading to an average 12-month price target of $46.25. This target reflects a 5.71% increase from the previous average of $43.75. The company's financial performance shows strong revenue growth, exceptional net margin, and above-average ROE and ROA, with a conservative debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

April 30, 2024 | 5:01 pm

ZUO

Zuora (NYSE:ZUO) received mixed analyst ratings in the latest quarter with 5 analysts offering their perspectives, showing a predominantly bullish outlook. The average 12-month price target for ZUO is now $13.2, marking a slight increase from the previous $13.00. Analyst actions included maintaining and lowering ratings, with price targets ranging from $8.00 to $15.00. Zuora's financial performance shows a revenue growth rate of 7.4%, a net margin of -18.83%, and a challenging debt-to-equity ratio of 3.02.

Portfolio Pulse from Benzinga Insights

April 30, 2024 | 5:01 pm

ITI

Analysts have varying opinions on Iteris (NASDAQ:ITI), with recent ratings ranging from bullish to bearish. The average 12-month price target is $8.1, marking a 27.96% increase from the previous target of $6.33. Iteris's financial performance shows a revenue growth rate of 3.55% as of December 31, 2023, with a net margin of 0.84% and an ROE of 0.52%. The company's debt-to-equity ratio is low at 0.09, indicating a conservative financial approach.

Portfolio Pulse from Benzinga Insights

April 30, 2024 | 5:00 pm

NXE

NexGen Energy's stock is trading lower following the announcement of an upsized offering in Australia, indicating a potential dilution of existing shares.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 4:33 pm

MMM

On CNBC, Stephanie Link announced she has increased her investment in 3M, signaling confidence in the company's future performance.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 4:32 pm

SPGI

S&P Global is considering strategic options for its Mobility unit, which could be valued at over $12 billion, according to sources cited by Reuters.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 4:28 pm