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Equity Actions

COIN

JPM

SOFI

SQ

UBS

Today's session highlighted significant options activity for financial stocks, with notable whale alerts across various companies. These alerts indicate large transactions in options, suggesting potential market movements. Bullish sentiments were observed in SOFI, COIN, JPM, UBS, C, and TW options, while HSBC and RILY showed bearish sentiments. SQ and KNSL had neutral positions. The activity suggests investors' strategies and market expectations ahead of these stocks' future performances.

Portfolio Pulse from Benzinga Insights

April 25, 2024 | 5:35 pm

PBR

The Brazilian government has proposed in a shareholders meeting that Petrobras (PBR) should distribute 50% of its extra dividends based on the 2023 financial results, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 5:03 pm

AVY

In the past three months, Avery Dennison (NYSE:AVY) received varied analyst ratings, shifting towards a more bullish outlook. Recent updates show a consensus towards 'Outperform' with an increased 12-month price target average of $228.4, reflecting a 7.13% rise from the previous target. Avery Dennison's financial health appears robust, with notable revenue growth, high net margin, and strong ROE and ROA, indicating a positive market standing and potential for investor interest.

Portfolio Pulse from Benzinga Insights

April 25, 2024 | 5:01 pm

TIRX

Tian Ruixiang Holdings (NYSE:TIRX) has seen a 10.0% increase in short interest, now at 5 thousand shares or 0.22% of float, indicating a bearish market sentiment. Despite this, TIRX's short interest is below its peer group average of 2.96%. Short interest is a key indicator of market sentiment, and an increase suggests investors are expecting the stock price to fall. However, high short interest can also lead to a potential short squeeze, making the stock's near-term movement unpredictable.

Portfolio Pulse from Benzinga Insights

April 25, 2024 | 5:00 pm

HAS

Analyst ratings for Hasbro (NASDAQ:HAS) show a mix of bullish and indifferent stances, with recent evaluations leading to raised price targets, reflecting a positive outlook. The average 12-month price target for HAS is now $62.92, up from $58.88, indicating analysts' increased confidence in the company's performance. Despite this, Hasbro faces financial challenges, including a significant revenue decline of -23.21%, a net margin of -82.33%, and a high debt-to-equity ratio of 3.29, suggesting potential difficulties ahead.

Portfolio Pulse from Benzinga Insights

April 25, 2024 | 5:00 pm

RBRK

Rubrik's shares opened for trading at $38.60 per share, significantly higher than its IPO price of $32 per share on 23.5 million shares.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 4:49 pm

ABG

Asbury Automotive Group Inc (NYSE:ABG) shares fell over 3.4% after reporting Q1 earnings per share of $7.21, missing estimates of $7.76, amid a tight inventory market and volume challenges. Quarterly sales were $4.201 billion, below expectations of $4.264 billion, but revenue increased 17% year over year. Gross profit rose 8% to $750 million, though gross margin dropped to 17.9%. The company also repurchased 240,000 shares for $50 million during Q1.

Portfolio Pulse from Nabaparna Bhattacharya

April 25, 2024 | 4:01 pm

EQR

Equity Residential (NYSE:EQR) has received mixed analyst ratings over the past quarter, with a recent shift towards more bullish sentiments. The average 12-month price target for EQR is now $66.33, reflecting a slight increase from the previous target. Analysts from firms like Evercore ISI Group, BMO Capital, and Truist Securities have adjusted their ratings and price targets, indicating a nuanced view of the company's performance and market position. Equity Residential, with a significant portfolio of apartment communities, shows strong financial health with a positive revenue trend, exceptional net margin, and above-average ROE and ROA, suggesting a robust market presence and operational efficiency.

Portfolio Pulse from Benzinga Insights

April 25, 2024 | 4:01 pm

OC

Analysts have updated their ratings on Owens-Corning (NYSE:OC), with a mix of raised and lowered price targets, reflecting diverse perspectives on the company's future performance. The average 12-month price target is now $168.7, marking a 4.39% increase from the previous average of $161.60. Owens-Corning, a manufacturer of glass fiber for composites and building materials, shows a solid market capitalization but faces challenges in revenue growth, net margin, ROE, and ROA compared to industry averages.

Portfolio Pulse from Benzinga Insights

April 25, 2024 | 4:00 pm

LOAR

Loar Holdings' shares commenced trading at $45 per share, significantly higher than its initial public offering (IPO) price of $28 per share. This marks a strong debut for the company on the stock market, indicating robust investor interest and confidence in Loar Holdings.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 3:59 pm