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MTDR

Matador Resources Company (MTDR) shares are trading lower following the announcement of a 5.25 million share public offering of common stock.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 8:46 pm

VRT

Vertiv Hldgs (NYSE:VRT) has seen significant options trading activity, indicating mixed market sentiment with 50% bullish and 50% bearish trades. A total of 44 unusual options trades were detected, with a focus on a price band between $55.0 and $95.0. Notable options activity includes bearish sentiment on calls with expiration dates in 2024. The company, specializing in solutions for data centers and communication networks, is currently trading at $81.9, down by -0.73%. Analysts from Evercore ISI Group and B of A Securities have set target prices at $80 and $90, respectively.

Portfolio Pulse from Benzinga Insights

March 25, 2024 | 8:45 pm

INTU

Benzinga's options scanner detected unusual options activity for Intuit (NASDAQ:INTU), with over 16 trades amounting to $1,132,096. The focus is on a price band between $600.0 and $900.0. Significant trades include both bearish and bullish sentiments, with the most activity around the $600 strike price. Intuit's stock is currently down -0.72% at $639.09, with neutral RSI indicators. The next earnings report is expected in 57 days.

Portfolio Pulse from Benzinga Insights

March 25, 2024 | 8:45 pm

NEE

NextEra Energy (NYSE:NEE) has seen a mix of bullish and bearish options trading activity, with a slight lean towards bearish sentiment. Analysis of recent trades shows 46% bullish and 53% bearish activity, with significant trades targeting a price range of $50.0 to $75.0. The stock is currently up by 1.41% at $62.65, potentially overbought according to RSI readings. Analysts have set an average target price of $76.33, with varying ratings from 'Outperform' to 'Buy'. NextEra Energy's main operations include Florida Power & Light and NextEra Energy Resources, focusing on renewable energy generation.

Portfolio Pulse from Benzinga Insights

March 25, 2024 | 8:45 pm

TSLA

Elon Musk has mandated a 'hard requirement' for Tesla staff to demonstrate the company's full self-driving (FSD) software to all new vehicle buyers in the U.S., even if it slows down the delivery process. This move aims to ensure customers are aware of the driver-assist features, which are seen as a key growth catalyst for Tesla. The demonstrations could paradoxically slow vehicle deliveries but are deemed crucial by Musk for showcasing FSD's capabilities.

Portfolio Pulse from Chris Katje

March 25, 2024 | 8:45 pm

APCX

AppTech Payments Corp. (APCX) shares have declined following the announcement of a proposed underwritten public offering of common stock. This move typically dilutes existing shareholders' equity and can lead to downward pressure on the stock price in the short term.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 8:42 pm

STOK

Stoke Therapeutics, Inc. (NASDAQ:STOK) reported Q4 financial results, beating the analyst consensus on EPS with losses of 60 cents per share but missing on sales with $2.8 million. The company announced positive Phase 1/2a study data for STK-001 in treating Dravet syndrome, showing significant reductions in seizure frequency and cognitive improvements. The FDA has cleared STK-001 for increased dosing. Shares surged 71.08% after-hours to $11.12.

Portfolio Pulse from Erica Kollmann

March 25, 2024 | 8:40 pm

BZFD

BuzzFeed (NASDAQ:BZFD) reported Q4 2023 GAAP EPS of $0.03, missing the $0.06 estimate, and sales of $75.7M, below the $104.6M estimate. This represents a 43.77% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 8:36 pm

LCID

Lucid Group Inc (NASDAQ:LCID) shares surged after announcing an agreement with Ayar Third Investment Company, an affiliate of the Public Investment Fund (PIF), to purchase $1 billion of convertible preferred stock. The funds are intended for general corporate purposes, including capital expenditures and working capital. CEO Peter Rawlinson highlighted the PIF's continued support and Lucid's focus on growth and the upcoming launch of the Gravity SUV.

Portfolio Pulse from Shivani Kumaresan

March 25, 2024 | 8:36 pm

AP

Ampco-Pittsburgh (NYSE:AP) reported a significant increase in its Q4 losses to $(2.12) per share from $(0.02) YoY, despite a 15.58% increase in sales to $108.11M from $93.53M YoY. The net loss includes a substantial after-tax impact from the Asbestos-Related Charge.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 8:36 pm