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Equity Actions

BLDE

Blade Air Mobility's stock is trading higher following the announcement of a $20 million share repurchase program.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 3:04 pm

ETAO

GIS

LFCR

MNTS

SMR

U.S. stocks edged lower ahead of the Federal Reserve's interest rate decision, with the Dow, NASDAQ, and S&P 500 all seeing slight declines. General Mills reported better-than-expected Q4 financial results, with a slight sales decline but beating analyst estimates. Utilities shares rose, while energy shares fell. Several companies saw significant stock movements, including ETAO International, XTL Biopharmaceuticals, and TruGolf Holdings experiencing sharp increases, whereas Lifecore Biomedical, NuScale Power Corporation, and Momentus Inc. saw notable declines.

Portfolio Pulse from Avi Kapoor

March 20, 2024 | 2:53 pm

DWAC

A significant options trade was executed for Digital World Acquisition Corp (DWAC), involving a sweep of 332 March 28th $90 call options at $1.9, compared to an open interest of 4583, with DWAC's stock price at $40.1995.

Portfolio Pulse from Charles Gross

March 20, 2024 | 2:51 pm

AAPL

GOOGL

META

MSFT

NVDA

QQQ

SPY

TSLA

The Market Clubhouse Morning Memo for March 20th, 2024, provides trading strategies for SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA, based on a proprietary formula. It outlines potential bullish and bearish price levels for each asset, emphasizing the importance of monitoring these stocks for breakouts or reversals. The memo also highlights the upcoming FOMC rate decision and its potential impact on market volatility, advising traders to be cautious during this event.

Portfolio Pulse from RIPS

March 20, 2024 | 2:29 pm

WW

WW International saw significant options activity with a sweep of 36 contracts for Mar 28 $2.5 calls near the ask price, totaling 4476 contracts at $0.2 each versus an open interest of 642. The company is expected to report earnings on May 2 after the market closes, with the reference stock price at $2.325.

Portfolio Pulse from Charles Gross

March 20, 2024 | 2:10 pm

LLY

Eli Lilly and Co (NYSE:LLY) has seen a significant amount of options trading activity, indicating a bearish sentiment among big-money investors. Benzinga's options scanner revealed 12 unusual trades, with an overall sentiment of 83% bearish. The trades suggest a price target range of $640 to $830 for LLY in the next three months. Currently, LLY's stock is slightly down by -0.64% at $767.81, with potential overbought signals. Analyst ratings in the last month have set an average target price of $871.25 for LLY.

Portfolio Pulse from Benzinga Insights

March 20, 2024 | 2:02 pm

JANX

Janux Therapeutics (NASDAQ:JANX) received mixed analyst ratings with an updated average 12-month price target of $62.75, marking a significant increase from the previous $27.67. Analysts from Cantor Fitzgerald, B of A Securities, HC Wainwright & Co., and Wedbush have updated their ratings and price targets, reflecting a positive outlook on the company's future. Despite a recent decline in revenue growth and a market capitalization below industry benchmarks, Janux Therapeutics demonstrates strong profitability metrics such as net margin, ROE, and ROA, with a low debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

March 20, 2024 | 2:00 pm

ETAO

Etao International's shares are trading higher following the announcement of a reverse stock split. This corporate action typically aims to increase the market price of the company's shares, making them more appealing to investors.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 1:56 pm