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UPST

Upstart Holdings (NASDAQ:UPST) has seen a mix of bullish and bearish options activity, with an equal split between investors' expectations. The options trades focus on a price band between $27.5 and $60.0. Notable trades include both calls and puts with varying sentiments and strike prices around $33.00 and $35.00. Upstart, a provider of AI-enabled lending platforms, is currently trading at $25.07, up 2.7%, and may be approaching oversold territory. Analysts from Piper Sandler and JP Morgan have given the stock Neutral and Underweight ratings, respectively, with target prices of $28 and $24.

Portfolio Pulse from Benzinga Insights

March 06, 2024 | 4:45 pm

GBTC

IBIT

Bitcoin ETFs saw record inflows of $648M coinciding with Bitcoin reaching a new all-time high of over $69,000. BlackRock's IBIT ETF experienced a record daily net inflow of $788M, while Grayscale's GBTC ETF saw a net outflow of $332M. This reflects growing investor confidence in Bitcoin and a preference for regulated investment vehicles. The surge in Bitcoin's price and ETF inflows was accompanied by a spike in cryptocurrency trading volumes, with Binance leading the market.

Portfolio Pulse from Murtuza Merchant

March 06, 2024 | 4:41 pm

SPRC

SciSparc announced it has received a decision to grant European Patent Number EP3484469, titled 'Compositions And Methods Of Potentiating Antimicrobials (Combined With Cannabinoids For Treatment Of Bacterial Infections)'. This patent strengthens SciSparc's intellectual property portfolio, specifically in the area of using cannabinoids to enhance antimicrobial treatments.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 4:40 pm

AAPL

Epic Games announced that the account Apple terminated was aimed at introducing the Epic Games Store and Fortnite to iOS devices in Europe, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 4:38 pm

AAPL

Epic Games announced that Apple has terminated its developer account, preventing Epic from developing the Epic Games Store for iOS. This move by Apple could have implications for both companies in terms of app distribution and revenue generation on the iOS platform.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 4:36 pm

ADI

BMWYY

Analog Devices Inc (ADI) and Bayerische Motoren Werke AG (BMWYY) have partnered to implement ADI's E²B Ethernet technology in BMW vehicles, enhancing vehicle connectivity and supporting new automotive design architectures. This collaboration, ongoing since 2018, will see the technology used in ambient lighting systems and aims to synchronize lighting with other vehicle applications. ADI's stock saw a positive movement, increasing by 1.78% to $193.17.

Portfolio Pulse from Shivani Kumaresan

March 06, 2024 | 4:35 pm

PARA

At the Morgan Stanley Tech Conference, Paramount Global's CFO announced a strategic focus on growing 'profitable subscribers' rather than investing heavily in local content for international markets. Additionally, the digital ad market is showing 'healthy' growth.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 4:34 pm

PARA

At the Morgan Stanley Tech Conference, Paramount's CFO discussed strategies to enhance Paramount Plus, including focusing on international programming due to lower costs, using bundling to grow the subscriber base and reduce churn, and the potential for pricing adjustments. He noted that the majority of viewership on the streaming service is Hollywood content.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 4:34 pm

STLA

Stellantis announces a €5.6 billion investment in South America, the largest in the region's automotive industry, to support over 40 new products and develop decarbonization technologies. This investment aims to reinforce Stellantis' leadership, contribute to the Dare Forward 2030 carbon net zero objectives, and enhance clean, safe, and affordable mobility. The investment will also focus on Bio-Hybrid technologies, with the Betim, Brazil facility becoming a global center for this innovation. Stellantis aims to become a carbon net zero corporation by 2038.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 4:33 pm

MBLY

Mobileye announced at the Morgan Stanley Technology, Media & Telecom Conference that they are on track to meet their Q2 outlook, which includes at least a 100% increase in Q2 versus Q1, with the vast majority of excess inventory cleared out. This outlook is supported by a significant number of customer commitments received for Q2.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 4:22 pm