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Equity Actions

WMT

Stifel analyst Mark Astrachan has maintained a Hold rating on Walmart (NYSE:WMT) and adjusted the price target to $65 to reflect the company's 3-for-1 stock split.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 5:45 pm

APA

BP

MPC

OXY

PBR

PR

SFL

STNG

XOM

Today's session highlighted significant options activity for 9 energy stocks, indicating potential trading opportunities based on whale alerts. These alerts track large transactions and divergences in market estimations of option values. The stocks involved are XOM, BP, OXY, PR, STNG, APA, PBR, SFL, and MPC, with various sentiments and expiration dates.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 5:35 pm

GS

Goldman Sachs Group, Inc. (NYSE:GS) aims to expand its private credit portfolio from $130 billion to $300 billion in five years. Marc Nachmann, global head of asset and wealth management, announced plans to raise $40-$50 billion for alternative investments this year, with a significant portion allocated to private credit strategies. The expansion is part of a broader strategy to improve return on equity and grow the wealth management business, particularly focusing on ultra-high-net-worth clients in Europe and Asia.

Portfolio Pulse from Lekha Gupta

March 13, 2024 | 5:26 pm

KTRA

Kintara Therapeutics, Inc. (NASDAQ:KTRA) announced the withdrawal of its registration statement for a public offering, leading to volatile trading. The stock has seen a significant increase in trading volume and a 13% price rise to 9 cents. Over the past year, KTRA shares have decreased by 97.05%, with a loss of $0.06 per share for investors from the beginning of the year. The stock's RSI of 23.07 suggests it is currently oversold.

Portfolio Pulse from Erica Kollmann

March 13, 2024 | 5:21 pm

KTRA

Kintara Therapeutics has decided not to proceed with its previously contemplated public offering of securities, leading to an increase in its share price. The company has officially requested the withdrawal of the registration statement related to this offering.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 5:11 pm

IQV

IQVIA Holdings (NYSE:IQV) reported a decrease in short interest, with 3.31 million shares sold short, representing 2.08% of its float. This marks an 8.77% decline from the last report. The current short interest suggests a bullish sentiment compared to its peer group average of 5.65% short interest as a percentage of float. The coverage time for traders to close their short positions is approximately 2.63 days.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 5:00 pm

KTRA

Kintara Therapeutics has filed a Form RW with the SEC to withdraw its registration statement for a public offering, citing no intention to pursue the offering at this time. The registration statement was not declared effective, and no securities were sold under it.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 4:57 pm

WFC

Recent analyst ratings for Wells Fargo (NYSE:WFC) show a mix of bullish and bearish perspectives, with an average 12-month price target of $56.98, reflecting a 3.22% increase from the previous target. Analysts from firms like Compass Point, Morgan Stanley, and Barclays have adjusted their ratings and price targets, indicating a nuanced view of the bank's performance and market position. Despite a revenue growth rate of 2.22% and a market capitalization that underscores its size, Wells Fargo faces challenges in profitability, asset utilization, and shareholder returns, with metrics like net margin, ROE, and ROA trailing behind industry averages.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 4:01 pm

PWFL

Four analysts have recently evaluated PowerFleet (NASDAQ:PWFL), showing a shift towards more bullish sentiments over the last three months. The average 12-month price target for PWFL has increased to $7.00, reflecting a 33.33% rise from the previous target of $5.25. Analysts from Lake Street, Canaccord Genuity, and Barrington Research have adjusted their ratings and price targets, indicating a positive outlook on the stock. PowerFleet, a provider of wireless IoT and M2M solutions, faces challenges in revenue growth and carries a substantial amount of debt, but outperforms in net margin, ROE, and ROA.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 4:01 pm

ADM

Archer-Daniels Midland (NYSE:ADM) has been evaluated by 13 analysts over the last three months, showing a predominantly indifferent sentiment with a shift towards more neutral ratings in the last 30 days. The average 12-month price target for ADM has been adjusted to $66.15, marking a significant decline from previous targets. Analysts from firms including BMO Capital, Jefferies, Citigroup, UBS, Goldman Sachs, Stifel, Barclays, Roth MKM, and Baird have adjusted their ratings and price targets, reflecting changes in market conditions and company performance. ADM's financial indicators such as market capitalization, revenue trends, net margin, ROE, ROA, and debt management are also discussed, highlighting the company's market standing and economic impact.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 4:00 pm