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VANI

At Benzinga's Healthcare Summit, Vivani Medical's Co-Founder & CEO, Adam Mendelsohn, started participating in interviews, indicating a potential spotlight on the company.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 5:11 pm

EZFL

EzFill announced it will start providing mobile fuel services to Millwork Sales and Batesville, expecting to add 175,000 gallons per year and approximately $752,000 in annual revenues.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 5:10 pm

VRNOF

Verano Holdings Corp. (OTCQX:VRNOF) has launched the Cabbage Club, a national cannabis membership program, initially available in its 13 Zen Leaf dispensaries in New Jersey and Illinois, with plans to expand across its 138 dispensaries in 13 states. The club offers various membership levels with benefits including store credits, coupons, exclusive merchandise, and VIP event access. Verano's shares were down 1.70% at $5.21 per share following the announcement.

Portfolio Pulse from Jelena Martinovic

March 20, 2024 | 5:04 pm

NU

Nu Holdings (NYSE:NU) has seen significant options trading activity, indicating a bullish stance by large investors, with a split of 62% bullish and 37% bearish sentiment. The trading activity suggests a target price range of $10.0 to $16.0 over the next three months. The company, which offers digital banking services primarily in Brazil, has a current stock price of $11.79, down by -0.51%, and may be considered overbought based on its RSI values. An analyst from Susquehanna maintains a Positive rating on NU with a target price of $12.

Portfolio Pulse from Benzinga Insights

March 20, 2024 | 4:46 pm

DKNG

DraftKings Inc. (NASDAQ:DKNG) shares have risen nearly 6% over the past five days, following leadership changes aimed at enhancing operational efficiency and the introduction of a new feature, 'My Stat Sheet.' CFO Jason Park will become Chief Transformation Officer, and Alan Ellingson will step in as CFO. The company also anticipates benefits from its proposed acquisition of Jackpocket and potential AI applications. Additionally, the start of the 2024 NCAA Men's Basketball Tournament may have contributed to the stock's positive performance.

Portfolio Pulse from Erica Kollmann

March 20, 2024 | 4:45 pm

TSLA

Tesla's Cybertruck has become a popular choice among celebrities since its first deliveries in November 2023. Musicians Big Sean and Steve Aoki are the latest to own the electric pickup, with both sharing their experiences on social media. Tesla CEO Elon Musk engaged with these posts, highlighting the vehicle's appeal without offering celebrity discounts. The Cybertruck's visibility on celebrity platforms may serve as effective marketing for Tesla, which traditionally spends minimally on advertising.

Portfolio Pulse from Chris Katje

March 20, 2024 | 4:45 pm

WULF

TeraWulf, Inc. (NASDAQ:WULF) shares rose after reporting Q4 financial results, with a significant increase in self-mining capacity and Bitcoin production, despite missing earnings and sales estimates. The company aims to expand its mining capacity and explore HPC and AI applications. Cantor Fitzgerald maintained a $4 price target.

Portfolio Pulse from Erica Kollmann

March 20, 2024 | 4:44 pm

SLRN

Acelyrin Inc (NASDAQ:SLRN) released positive Phase 1/2 trial data for lonigutamab in thyroid eye disease, showing rapid improvements in symptoms with no serious adverse events. A Phase 2b/3 trial is planned for the second half of 2024. SLRN shares rose 6.53% to $8.48.

Portfolio Pulse from Vandana Singh

March 20, 2024 | 4:34 pm

SOFI

Recent analysis of SoFi Techs (NASDAQ:SOFI) options trading reveals a balanced sentiment among traders, with equal bullish and bearish tendencies. The observed trades suggest a targeted price range of $5.0 to $12.0. Despite the mixed trading sentiment, the current market performance of SOFI shows a slight increase in stock price to $6.93, with potential oversold conditions. Analyst ratings from Piper Sandler and Wedbush indicate a downward revision, setting new price targets at $8 and $3, respectively.

Portfolio Pulse from Benzinga Insights

March 20, 2024 | 4:16 pm

TIGR

UP Fintech Holding Limited (NASDAQ:TIGR) reported its fourth-quarter FY23 results, showing a mixed financial performance. Total revenues increased by 9.6% year-over-year to $70.0 million, but total net revenues decreased by 4.7% to $54.0 million. The company saw a decline in commissions by 11.9% due to decreased trading volume, but interest income rose by 31.3% on higher margin financing and securities lending activities. UP Fintech added 39,034 new funded accounts, a 42.8% increase year-over-year, and the total account balance rose by 118.5% to $30.6 billion. However, non-GAAP net income per ADS was $0.007, missing the consensus of $0.07. The company also announced the introduction of the Combo Option Strategy feature and an upgrade to its Type 1 License by the Hong Kong SFC, allowing it to offer Virtual Asset dealing services to Professional Investors. Despite these developments, TIGR shares are down by 10.1% at $4.02.

Portfolio Pulse from Lekha Gupta

March 20, 2024 | 4:10 pm