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BKNG

Deep-pocketed investors show a bullish sentiment towards Booking Holdings (NASDAQ:BKNG), with options trading activity indicating a focus on a price band between $2000.0 and $4250.0. The analysis of options over the last month reveals a mix of bullish and bearish trades, with a higher total trade price for calls. Booking Holdings, the world's largest online travel agency, has seen its stock price slightly decrease by -0.25% to $3589.41, with analysts giving an average price target of $3946.0.

Portfolio Pulse from Benzinga Insights

May 07, 2024 | 5:16 pm

DKNG

DraftKings (NASDAQ:DKNG) has seen a significant options trading activity, indicating a mixed sentiment among investors, with 60% bearish and 40% bullish. The trading volume and open interest in options suggest a target price range of $23.0 to $50.0. DraftKings, a leader in online sports and casino gambling, is currently live in 24 states for sports betting and 7 for iGaming. Despite a slight decrease in stock price to $44.01, professional analysts have set a consensus target price of $54.4, with ratings ranging from Buy to Overweight.

Portfolio Pulse from Benzinga Insights

May 07, 2024 | 5:16 pm

FGEN

FibroGen, Inc. (NASDAQ:FGEN) shares rose after reporting Q1 financial results with sales exceeding analyst estimates but earnings missing expectations. The company highlighted strong sales growth, particularly from roxadustat in China, and a significant cash runway into 2026. Despite a year-over-year stock decrease, recent developments and upcoming clinical trial results could influence investor decisions.

Portfolio Pulse from Erica Kollmann

May 07, 2024 | 5:11 pm

AIRE

reAlpha Tech Corp (NASDAQ:AIRE) shares surged 29% to $1.11 after announcing the acquisition of Naamche, adding 43 AI engineers and developers to its team. This move is expected to enhance reAlpha's AI-driven real estate solutions, including their AI platform Claire. The acquisition aligns with reAlpha's and Naamche's shared goal of innovating in the real estate sector.

Portfolio Pulse from Henry Khederian

May 07, 2024 | 5:08 pm

SNAP

Deep-pocketed investors have shown a bearish sentiment towards Snap Inc. (NYSE:SNAP), as revealed by Benzinga's tracking of public options records. The data indicates a significant level of activity, with 17 extraordinary options activities noted. The sentiment among these investors is divided, with 35% bullish and 64% bearish, focusing on a price window from $10.0 to $22.0 for Snap. The company, known for its social networking app Snapchat, has over 400 million daily active users and generates most of its revenue from advertising. Currently, Snap's stock is trading down by -0.24% at $16.8, with an anticipated earnings release in 77 days. Analyst ratings in the last month have set an average target price of $13.6 for Snap.

Portfolio Pulse from Benzinga Insights

May 07, 2024 | 5:01 pm

CART

UBER

Maplebear Inc. (NYSE:CART) and Uber Technologies, Inc. (NYSE:UBER) have announced a strategic collaboration to integrate Uber Eats restaurant delivery services into the Instacart platform. This partnership aims to expand service offerings for Instacart, allowing customers to order from a wide range of restaurants directly through the Instacart app. The collaboration is expected to drive more business for restaurants, create more earnings opportunities for couriers, and enhance convenience for users by combining grocery and restaurant delivery services into one platform.

Portfolio Pulse from Shivani Kumaresan

May 07, 2024 | 4:40 pm

NVDA

Analyst Ming-Chi Kuo predicts Nvidia's next-generation AI chip, the R-series/R100, will enter mass production in Q4 2025 with improvements in power consumption and AI computing power. The R100 will use TSMC's N3 node and CoWoS-L packaging, featuring a 4x reticle design and eight HBM4 units. The GR200's Grace CPU will also use TSMC's N3 process. These advancements aim to address the power consumption bottleneck in AI server procurement and data center construction.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 4:39 pm

IXHL

Incannex Healthcare Inc. (NASDAQ:IXHL) announced the successful completion of a pre-investigational new drug meeting with the FDA for CannQuit-O, a treatment for opioid use disorder combining CBD and an opioid antagonist. The FDA provided feedback and recommendations for the clinical development strategy. Incannex has partnered with Eurofins Scientific to manufacture this and another product aimed at treating nicotine disorders. The company's shares rose 9.09% to $2.52 following the announcement.

Portfolio Pulse from Jelena Martinovic

May 07, 2024 | 4:35 pm

WBD

A new docuseries titled 'Taylor Swift vs. Scooter Braun: Bad Blood,' focusing on the feud between Taylor Swift and Scooter Braun over music rights, is set to stream on Discovery+ in the UK and Ireland. Produced by Warner Bros. Discovery (NASDAQ:WBD), the series will explore both sides of the dispute, including the sale of Swift's first six albums to Braun and the ensuing public feud. The series is part of the 'vs' series and could attract significant interest from Swift's global fanbase.

Portfolio Pulse from Chris Katje

May 07, 2024 | 4:33 pm

LEEEF

LFLY

At the Benzinga Cannabis Capital Conference in Florida, industry leaders discussed the transformation of the cannabis sector into a consumer packaged goods (CPG) model. Leafly's CCO Carlos Pinto moderated a panel on data-driven strategies for consumer products. Kris Walker of Hoodie Analytics and Christine Smith of Gron Edibles emphasized the importance of data in product development and market strategies. Micah Anderson of LEEF Brands shared insights on using customer feedback for product refinement. The discussion also covered the significance of understanding consumer demographics, strategic distribution, and packaging for success in the CPG space.

Portfolio Pulse from Patricio Liddle

May 07, 2024 | 4:22 pm