Streetbeat News

Equity Actions

ABNB

AMZN

BABA

CHWY

CPNG

LEN

LVS

RIVN

TSLA

Today's session highlighted significant whale activity in the options market for 10 consumer discretionary stocks, indicating potential trading opportunities. The activity involved both call and put options with varying sentiments across stocks like TSLA, RIVN, BABA, and others. Notably, bearish sentiment dominated call options, while both bullish and neutral sentiments were observed in put and call trades. This activity could signal market expectations and potential shifts in stock prices.

Portfolio Pulse from Benzinga Insights

March 11, 2024 | 5:35 pm

LXEO

Lexeo Therapeutics' shares dropped following the announcement of Q4 financial results and an oversubscribed $95 million equity financing.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 5:02 pm

SHC

Sotera Health (NASDAQ:SHC) received mixed analyst ratings with an average 12-month price target of $19.00, reflecting an 18.75% increase from the previous target. The company's financial performance shows strong revenue growth, net margin, ROE, and ROA, but a high debt-to-equity ratio. Sotera Health provides sterilization and testing services across various segments, with a market cap below industry average.

Portfolio Pulse from Benzinga Insights

March 11, 2024 | 5:01 pm

NRIX

Analyst ratings for Nurix Therapeutics (NASDAQ:NRIX) over the past three months show a mix of bullish to bearish sentiments, with a recent average price target of $23.43, up from $22.75. The company, focusing on novel treatments for cancer and immune disorders, has seen varied analyst actions, including maintaining, raising, and lowering ratings and price targets. Despite impressive revenue growth, Nurix faces challenges in net margin, ROE, and ROA, but maintains a low debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

March 11, 2024 | 5:01 pm

VEL

Velocity Financial (NYSE:VEL) has received diverse analyst ratings over the last three months, with a recent shift towards more bullish perspectives. Four analysts have updated their ratings, showing a trend of increased price targets, with the current average target at $17.88, reflecting a 16.25% increase from the previous average of $15.38. The company's financial performance has been strong, with significant revenue growth, high net margin, and ROE, although its debt-to-equity ratio is higher than the industry average.

Portfolio Pulse from Benzinga Insights

March 11, 2024 | 5:00 pm

CFG

KRE

NYCB

TFC

Shares of New York Community Bancorp (NYCB) fell after a brief rise due to a $1 billion capital raise announced last week, involving Steven Mnuchin among others. The capital injection, seen as expensive and dilutive, led to a downgrade by Wedbush and a target price adjustment by KBW. Concerns over commercial real estate (CRE) loans exposure have affected regional banks, with the SPDR S&P Regional Banking ETF (KRE) and its top holdings, including CFG, RF, and TFC, also experiencing declines.

Portfolio Pulse from Neil Dennis

March 11, 2024 | 4:56 pm

VKTX

Viking Therapeutics Inc (NASDAQ:VKTX) shares dropped 10.9% to $63.95 without specific company news. The decline follows a recent public offering of 6.471 million shares at $85 each and volatility after positive Phase 2 VENTURE trial results. The company does not pay dividends but engages in other value-returning activities. VKTX's 52-week range is $8.28 to $99.41.

Portfolio Pulse from Henry Khederian

March 11, 2024 | 4:40 pm

BITF

Bitfarms announced a $375 million at-the-market equity program, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 4:33 pm

TBBB

Capital International Investors has reported a 17.4% stake in BBB Foods Inc. as of February 29, 2024, according to a 13G filing with the SEC.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 4:21 pm

DUO

ELTK

EQT

ETRN

GDS

GNE

LXRX

VTYX

U.S. stocks traded lower with the Dow Jones, NASDAQ, and S&P 500 all seeing declines. Materials shares rose, while industrials fell. EQT Corporation announced a merger with Equitrans Midstream Corporation. GDS Holdings, Fangdd Network Group, and Lexicon Pharmaceuticals saw significant stock increases, while Eltek, Genie Energy, and Ventyx Biosciences experienced declines. Oil and gold prices edged higher.

Portfolio Pulse from Avi Kapoor

March 11, 2024 | 4:15 pm