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Stock Prices

WVE

Wave Life Sciences shares surged following the announcement of better-than-expected Q4 financial results and the issuance of future guidance.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 3:49 pm

BABA

BIDU

BILI

JD

Shares of Chinese companies are trading higher after JD.com reported better than expected financial results for Q4. This positive sentiment has also impacted other Chinese firms listed in the US, such as Alibaba, Baidu, and Bilibili.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 3:43 pm

EVC

META

Entravision Communications Corporation (NYSE:EVC) shares plummeted after Meta Platforms Inc (NASDAQ:META) announced it will end its Authorized Sales Partner program, which significantly contributed to Entravision's EBITDA and revenue. Entravision's CEO expressed disappointment but remains confident in the company's long-term prospects, citing a strong balance sheet and ongoing strategic review. Despite a Q4 FY23 EPS loss and missing street views, the company reported higher advertising revenue and declared a quarterly dividend.

Portfolio Pulse from Lekha Gupta

March 06, 2024 | 3:43 pm

AISP

Airship AI Holdings Inc (NASDAQ:AISP) shares surged over 330% in the last week, further rising on Wednesday due to momentum from a significant contract award from a Department of Justice agency for its Acropolis Enterprise Sensor Management platform. The company, which went public via a SPAC merger, has seen increased interest from retail investors and high trading volumes, with Wednesday's volume exceeding 35 million.

Portfolio Pulse from Adam Eckert

March 06, 2024 | 3:42 pm

MDGL

Madrigal Pharmaceuticals' stock (MDGL) is trading higher following Citigroup's initiation of coverage with a Buy rating and a $382 price target.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 3:39 pm

APM

Aptorum Group's stock (APM) is trading higher following the announcement of a merger agreement with YOOV and a spin-off agreement to separate its legacy business. This strategic move aims to streamline operations and focus on growth areas.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 3:37 pm

NVDA

NVIDIA's stock price is on the rise following an Outperform rating and a $870 price target initiation by CICC.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 3:36 pm

SMCI

Super Micro Computer's stock (SMCI) is trading higher following a Buy rating and a $1,350 price target from Argus Research.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 3:35 pm

CIBR

CRWD

GOOGL

META

PANW

Meta Platforms Inc.'s recent outage, affecting Facebook, Instagram, and Messenger, has spotlighted the growing mistrust in tech companies' cybersecurity capabilities. This incident, coupled with a recent discovery of an unprotected database affecting Meta and Alphabet Inc.'s Google, underscores the vulnerabilities in current multi-factor authentication methods. Cybersecurity expert Al Lakhani criticized Facebook's authentication approach as weak. The event aligns with a broader decline in trust towards technology companies, as highlighted in a report by Edelman. Meanwhile, cybersecurity stocks like Palo Alto Networks Inc. and CrowdStrike Holdings Inc. have shown volatile performance, with the First Trust NASDAQ Cybersecurity ETF (CIBR) experiencing fluctuations.

Portfolio Pulse from Neil Dennis

March 06, 2024 | 3:32 pm

LYFT

Deep-pocketed investors have shown a bullish sentiment towards Lyft (NASDAQ:LYFT), with a notable surge in options activity reported by Benzinga. The activity includes 11 extraordinary options trades, with a bullish majority of 63% and a bearish minority of 36%. The trades span a price target range of $15.0 to $28.0 for the next three months. Lyft's current market performance shows a 2.43% increase in stock price to $17.27, with analysts providing mixed reviews and target prices ranging from $13 to $20.

Portfolio Pulse from Benzinga Insights

March 06, 2024 | 3:31 pm