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DKNG

DraftKings (NASDAQ:DKNG) has seen a notable increase in options trading activity, with a bullish sentiment from high-rolling investors. Benzinga's options scanner revealed 28 significant trades, predominantly calls, indicating a target price range of $16.0 to $60.0. The company, a leader in online sports and casino gambling, is live with sports betting in 24 states and iGaming in seven. Despite a recent -1.63% drop in stock price to $40.19, analysts maintain positive ratings, with an average target price of $54.0.

Portfolio Pulse from Benzinga Insights

April 25, 2024 | 3:15 pm

WBD

Warner Bros. Discovery (WBD) has launched Olli, a proprietary first-party data platform designed to enhance advertising solutions by integrating data, audience intelligence, and ad tech for seamless campaign planning across its content portfolio. Olli powers WBD's Data-Driven Video offering, enabling precise audience targeting across linear and digital platforms, with early partnerships including OMG, RPA, and Wayfair. The platform aims to optimize media strategies, leveraging partnerships with Snowflake for data security and planned integrations with measurement firms like ABCS Insights and LoopMe.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 3:11 pm

NVS

Novartis Pharmaceuticals Corporation has received FDA approval for its New Drug Application for VIJOICE, marking a significant milestone for the company in expanding its pharmaceutical portfolio.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 3:09 pm

AMZN

EWC

Amazon (NASDAQ:AMZN), Rogers Communications, and the NHL have announced a two-year agreement to exclusively stream Monday night NHL hockey games in Canada on Prime Video for the 2024/25 and 2025/26 seasons. This marks the NHL's first exclusive national broadcast package with a digital-only streaming service in Canada. The partnership aims to bring hockey to more fans across various devices, with Prime Video producing the broadcast. The deal builds on previous collaborations between Rogers, the NHL, and Amazon, including the integration of Sportsnet on Prime Video Channels and the use of Amazon Web Services for enhancing NHL content.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 3:01 pm

RAN

RanMarine Technology B.V. (NASDAQ:RAN) is set to begin trading on NASDAQ on April 26, with an IPO price of $5.50 per share. The company, an early-stage cleantech firm, specializes in autonomous surface vessels for removing pollutants and collecting water quality data. An insider lock-up period is set for 180 days, ending on October 23, 2024.

Portfolio Pulse from Benzinga Insights

April 25, 2024 | 3:00 pm

BABA

BZUN

CRM

GPS

SHOP

Baozun Inc. (BZUN) is diversifying its business model through acquisitions and brand management, notably acquiring Gap China. Despite a 5% revenue increase last year, its core e-commerce services and product sales declined. The company is expanding into Southeast Asia and revamping its brand management strategy, but faces challenges in a maturing Chinese e-commerce market and competition. Baozun's stock has significantly underperformed, yet analysts remain optimistic.

Portfolio Pulse from The Bamboo Works

April 25, 2024 | 2:54 pm

AMD

Recent options trading trends for Advanced Micro Devices (NASDAQ:AMD) show a bearish sentiment among investors, with 58% of trades being bearish. The trading activity suggests a price range of $135.0 to $195.0 for AMD over the next three months. Significant options trades have been detected, with a mix of bearish, neutral, and bullish sentiments. AMD's stock is currently up by 0.43%, with an average analyst target price of $205.0. The company is known for its digital semiconductors used in various applications, including PCs, gaming consoles, and data centers.

Portfolio Pulse from Benzinga Insights

April 25, 2024 | 2:46 pm

DOW

The Dow Chemical Company is experiencing strong demand growth in three key sectors: automotive, data centers, and semiconductors, according to a report on Bloomberg TV. This surge in demand is likely to impact the company's financial performance positively.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 2:43 pm

RCL

A Royal Caribbean executive announced during a conference call that due to the situation in the Red Sea, the company has rerouted some of its spring cruises. Additionally, contingency plans are in place for a few other sailings that may be impacted in the fall. The Caribbean, being the company's largest product group, represents 55% of its booked position for 2024.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 2:30 pm

CNX

CNX Resources announced during a conference call that it has no plans to curtail production at the current time.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 2:24 pm