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AMGN

Whale investors have shown a bullish stance on Amgen (NASDAQ:AMGN), with Benzinga's options scanner revealing 20 unusual options trades. The sentiment is split, with 50% bullish and 35% bearish, focusing on a price range of $140.0 to $320.0 for AMGN. The largest trades include both puts and calls, indicating diverse strategies. Amgen, a biotech leader with a broad therapeutic portfolio, has a current stock price of $309.98, with analysts giving mixed reviews but generally positive price targets up to $360.

Portfolio Pulse from Benzinga Insights

May 06, 2024 | 2:17 pm

MSFT

Financial analysis of Microsoft's (NASDAQ:MSFT) options market reveals a bearish sentiment among traders, with 46% showing bearish tendencies versus 40% bullish. The analysis highlighted 15 unusual trades, including 5 puts and 10 calls, indicating a predicted price range for MSFT between $300.0 and $420.0. The largest trades include both bullish and bearish positions, with significant activity in calls and puts. Current market data shows MSFT's price up by 0.51% at $408.74, with a neutral RSI. Analysts have issued varying ratings, with a consensus target price of $481.0.

Portfolio Pulse from Benzinga Insights

May 06, 2024 | 2:17 pm

SAVE

Spirit Airlines Inc (NYSE:SAVE) reported a Q1 fiscal 2024 revenue decline of 6.2% Y/Y to $1.265 billion, slightly missing consensus estimates. Adjusted EPS loss widened to $(1.46) from $(0.82), also missing expectations. Despite the loss, CEO Ted Christie emphasized progress towards financial goals amid a challenging competitive environment. Passenger revenues fell, while other revenues rose. The company faced operational challenges, including aircraft unavailability due to engine issues, leading to a decrease in aircraft utilization. Spirit announced deferrals of aircraft deliveries to improve liquidity and provided a Q2 outlook with expected total revenues below consensus estimates. Shares dropped 8.49% to $3.395.

Portfolio Pulse from Akanksha Bakshi

May 06, 2024 | 2:17 pm

SIMO

Silicon Motion Technology's stock (SIMO) trades higher following an upgrade by Morgan Stanley from Equal-Weight to Overweight, with a price target increase from $59 to $88.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 2:13 pm

BAK

Braskem shares are trading lower following an announcement by shareholder Novonor that Adnoc is no longer interested in pursuing a potential transaction.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 2:11 pm

OM

Outset Medical's stock price increased following the announcement that its TabloCart with prefilitation product received FDA clearance.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 2:09 pm

SGE

Trading of Strong Global Entertainment (SGE) shares has resumed after a temporary halt. This development could indicate significant news or events related to the company that prompted the halt and subsequent resumption.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 2:07 pm

LCID

Lucid Group, Inc. (NASDAQ:LCID) shares are trading higher ahead of its Q1 earnings report. The company previously announced details about the 2024 Lucid Air Grand Touring, boasting the longest EV range in the U.S. at 516 miles. Analysts expect a loss of 26 cents per share and revenue of $155.986 million. Lucid's stock is above its 50-day moving average, with a significant portion of shares sold short, indicating potential volatility. The company does not pay dividends but may engage in other capital allocation strategies.

Portfolio Pulse from Erica Kollmann

May 06, 2024 | 2:05 pm

DKNG

DraftKings' stock price has increased following the decision by multiple firms to raise their price targets on the company's shares.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 2:05 pm

SPCE

Virgin Galactic Holdings Inc (NYSE:SPCE) shares surged 12.8% to $1.07 after announcing a new system integration facility in Southern California for Delta Class spaceships and ahead of its Q1 earnings report. The facility will enhance production and safety with an 'Iron Bird' testing platform for subsystems like avionics and hydraulics. The move aims to transition from prototype to production, targeting commercial service by 2026 with a goal of eight space missions per month.

Portfolio Pulse from Henry Khederian

May 06, 2024 | 2:04 pm