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JBLU

Barclays analyst Brandon Oglenski has maintained an Underweight rating on JetBlue Airways (NASDAQ:JBLU) and lowered the price target from $6 to $5.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 3:44 pm

XERS

Xeris Biopharma Holdings, Inc (NASDAQ:XERS) shares rose after announcing a worldwide collaboration and license agreement with Beta Bionics to develop and release a glucagon product using Xeris's XeriSol technology. The agreement includes potential development payments and royalties for Xeris. The company is also set to release its Q1 2024 earnings, with an expected EPS loss of 12 cents and revenue of $41.815 million.

Portfolio Pulse from Dylan Berman

May 06, 2024 | 3:37 pm

IREN

Iris Energy saw significant options activity with a sweep of 500 Aug 16 $10 calls at $0.6, against an open interest of 28,011, ahead of its earnings report on May 17. The stock reference price was $5.3.

Portfolio Pulse from Charles Gross

May 06, 2024 | 3:31 pm

ANF

Whale investors have shown a bullish sentiment towards Abercrombie & Fitch (ANF), with options activity indicating a target price range of $60.0 to $140.0. The analysis of options trades reveals a mix of bullish and neutral sentiments, with significant trades in both puts and calls. ANF's current trading volume is 289,490, with a slight price decrease of -0.54%, standing at $128.07. The stock may be nearing overbought territory, with an earnings release expected in 23 days. An analyst from Argus Research maintains a Buy rating with a target price of $130.

Portfolio Pulse from Benzinga Insights

May 06, 2024 | 3:31 pm

ULTA

Financial analysts have observed a significant increase in options activity for Ulta Beauty (NASDAQ: ULTA), with a balanced mix of bullish and bearish trades. The analysis highlights a target price range of $375.0 to $470.0 based on recent whale activities. The largest trades include both puts and calls, indicating varied investor sentiment. Ulta Beauty, a leading beauty retailer with a broad product range and salon services, has seen its stock price slightly decrease by -1.01%, with an upcoming earnings announcement in 24 days.

Portfolio Pulse from Benzinga Insights

May 06, 2024 | 3:31 pm

FSLR

First Solar (NASDAQ:FSLR) has significantly outperformed the market over the past 5 years, with an annualized return of 26.61%, turning a $100 investment into $331.24 today. The company's market capitalization stands at $20.89 billion.

Portfolio Pulse from Benzinga Insights

May 06, 2024 | 3:30 pm

DFS

Discover Financial Services (NYSE:DFS) has delivered an average annual return of 19.09% over the past 15 years, outperforming the market. An initial investment of $1000 in DFS 15 years ago would be worth $12,990.70 today. Discover Financial has a current market capitalization of $31.33 billion.

Portfolio Pulse from Benzinga Insights

May 06, 2024 | 3:30 pm

UNIT

Uniti Group Inc (NASDAQ:UNIT) shares dropped 11.2% to $3.94 after announcing a $300 million offering of 10.50% Senior Secured Notes due 2028 by its subsidiaries. The notes, guaranteed by the company and secured by first-priority liens on their assets, are pending regulatory approval for some subsidiaries' guarantees. Proceeds are aimed for general corporate purposes and potentially funding the merger with Windstream. The offering could reduce bridge facility commitments for the Windstream merger to zero.

Portfolio Pulse from Henry Khederian

May 06, 2024 | 3:29 pm

TSLA

Tesla (TSLA) has initiated another round of layoffs, affecting employees across various departments including software, service, and engineering. This follows a series of layoffs over the last three weeks, with the total number potentially reaching 20% of its workforce. The layoffs were anticipated after the firing of Rebecca Tinucci and her team, with CEO Elon Musk citing hiring inefficiencies, role duplication, and a need for restructuring for growth as reasons. This comes amid Tesla's recent poor financial performance due to lower-than-expected vehicle deliveries.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 3:28 pm

GME

GameStop Corporation (NYSE:GME) shares fell on Monday after a significant 40% rise the previous week, with trading volume exceeding the 100-day average. The stock's interest among retail investors and short-sellers remains high, with 28.3% of shares sold short. Despite trading above its 50-day moving average, GME's current price is well below its 52-week high. Wall Street analysts hold a negative outlook with an average 12-month price target of $5.60, indicating potential downside.

Portfolio Pulse from Erica Kollmann

May 06, 2024 | 3:28 pm