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FDX

Financial analysis reveals a surge in options activity for FedEx (NYSE:FDX), with a bearish sentiment prevailing among traders. The analysis highlighted 17 unusual trades, with a mix of bullish and bearish positions, and a notable price window from $135.0 to $305.0 for FedEx's stock. The current trading volume and a slight price decrease are observed, alongside an upcoming earnings release in 83 days. FedEx's significant role in express package delivery and its financial performance are also discussed.

Portfolio Pulse from Benzinga Insights

March 27, 2024 | 8:31 pm

ZCAR

Zoomcar Holdings, Inc. (ZCAR) partners with ACKO Drive to offer Zoomcar Hosts savings on new car purchases and attractive financing options, aiming to expand their car fleet for the self-drive car sharing marketplace. This partnership is expected to increase earnings for Zoomcar Hosts, meet the growing demand for car sharing in India, and enhance customer experiences with newer car models. Zoomcar's Q3 2023 results show Hosts earned approximately $4 million, highlighting the potential for growth in this sector.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 8:30 pm

AQMS

Aqua Metals has successfully acquired a five-acre parcel in Tahoe-Reno and has significantly advanced the development of the Sierra AquaRefining Campus by completing major upgrades to the existing building. This development is on schedule and within budget, with commissioning set to begin in the summer and commercial production expected to start within the year. Additionally, Aqua Metals has secured an offtake partnership, which is likely to support its commercial activities.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 8:28 pm

INSM

Insmed Incorporated announced it will present nine abstracts from its respiratory portfolio at the American Thoracic Society 2024 International Conference. This showcases the company's commitment to advancing respiratory health and highlights its active role in the scientific community.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 8:17 pm

RUM

Rumble announced a 16% sequential increase in average monthly active users to 67 million in Q4, marking a significant milestone with the public launch of Rumble Cloud.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 8:09 pm

AAPL

AMZN

MUSQ

SONO

SONY

SPOT

Taylor Swift's record-breaking year contributed to the global recorded music revenue reaching $28.6 billion, a 10.2% increase YoY, with streaming being a major growth driver. The industry's success is also reflected in the performance of companies like Spotify, Apple, and Amazon, and the MUSQ Global Music Industry ETF, which includes a diversified portfolio of music-related assets.

Portfolio Pulse from Johnny Rice

March 27, 2024 | 7:40 pm

MRK

Merck & Co Inc (NYSE:MRK) received FDA approval for Winrevair, a therapy for pulmonary arterial hypertension, driving its stock up by 3.96%. The approval, following Merck's $11 billion acquisition of Acceleron Pharma, reflects investor confidence in Winrevair's market potential. Technical analysis shows a bullish trend for Merck, with indicators suggesting buying opportunities despite potential short-term volatility.

Portfolio Pulse from Surbhi Jain

March 27, 2024 | 7:00 pm

AUVI

Applied UV, Inc. (AUVI) announced a $2.76M financing through a mix of registered direct and private placement offerings. The deal includes the sale of common stock and pre-funded warrants, alongside common warrants in a private placement, with proceeds aimed at funding large orders for its Smart Building Technologies division from notable clients like Siemens, Sherwin Williams, and Arco Murray. Aegis Capital Corp. is the exclusive placement agent, with legal counsel provided by Sichenzia Ross Ference Carmel LLP and Kaufman & Canoles, P.C.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 6:40 pm

FBTC

Fidelity Investments has filed an S-1 form with the SEC for a spot Ethereum ETF, including staking capabilities. This follows the successful launch of spot Bitcoin ETFs in the U.S., notably the Fidelity Wise Origin Bitcoin Fund (FBTC), which contributed to a significant rise in Bitcoin's price. The proposed Ethereum ETF would trade on the CBOE and offer investors the ability to earn rewards through staking. This development is part of a broader trend of major investment firms, including BlackRock, VanEck, and ARK Invest, filing for cryptocurrency ETFs.

Portfolio Pulse from Murtuza Merchant

March 27, 2024 | 6:36 pm

CURLF

MRMD

VRNOF

The upcoming Benzinga Cannabis Capital Conference will feature discussions on scaling marijuana businesses to self-sustainability, with insights from industry experts Seth Yakatan, Bryan Gerber, and Jon Levine. Yakatan emphasizes operating within market constraints due to federal illegality and capital challenges. Gerber's Hara Supply, a major player in the cone industry, serves clients like Verano Holdings and Curaleaf, boasting significant market share and profitability. Levine, of MariMed, highlights the importance of consistency and passion in achieving success in the cannabis industry. The conference aims to provide strategies for growth amidst regulatory and financial hurdles.

Portfolio Pulse from Nina Zdinjak

March 27, 2024 | 6:30 pm