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OI

O-I Glass, Inc. announced a CEO transition and board change, leading to its shares trading lower.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 7:26 pm

SMMT

Summit Therapeutics announced a leadership restructuring, leading to its shares trading lower.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 7:25 pm

ZTS

Zoetis shares are experiencing an uptick in trading, potentially driven by concerns surrounding bird flu.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 7:21 pm

META

Meta Platforms, Inc. (NASDAQ:META) shares reached a new all-time high of $530.00 after Jefferies maintained a Buy rating and raised its price target from $550 to $585. The company clarified it did not share private messages with Netflix, allowing users to message friends about Netflix content directly. Meta is expected to announce Q1 financial results with earnings of $4.28 per share and revenue of $36.051 billion. The stock has grown 23.73% over the past 5 years with a beta of 1.0, indicating high volatility. Its forward P/E ratio is 25.25, above the S&P 500 average.

Portfolio Pulse from Erica Kollmann

April 04, 2024 | 7:18 pm

ACB

Aurora Cannabis Inc. (NASDAQ:ACB) shares are trading slightly lower today, despite a recent surge in the cannabis sector fueled by positive developments, including Germany's legalization of cannabis and potential U.S. regulatory changes. The stock has seen a significant increase in trading volume and has gained nearly 150% over the past month. However, with an RSI of 85.45, it is currently considered overbought.

Portfolio Pulse from Erica Kollmann

April 04, 2024 | 7:16 pm

ALUR

Allurion Technologies, Inc. (NYSE:ALUR) shares surged after announcing the U.S. commercial availability of its Virtual Care Suite (VCS), an AI-powered weight-loss management suite. The launch aims to enhance clinical outcomes and patient experiences in weight-loss treatments. Additionally, Chardan Capital initiated coverage on ALUR with a Buy rating and a $5 price target.

Portfolio Pulse from Erica Kollmann

April 04, 2024 | 7:13 pm

DOGEUSD

FLOKIUSD

PEPEUSD

SHIBUSD

SOL

Jeo Boden (BODEN), a Solana-based meme coin parodying President Joe Biden, has surpassed a $500 million market cap, marking a 40% surge and an 82% weekly gain. Popular in China, BODEN's rise is attributed to discussions on WeChat about Biden's gaffes. The coin now doubles the market cap of its rival, MAGA Memecoin (TRUMP). Social media predicts further growth, comparing its trajectory to other meme coins like dogwifhat (WIF) and suggesting mainstream media coverage at a $1 billion market cap.

Portfolio Pulse from Ivan Crnogatić

April 04, 2024 | 7:11 pm

ETCUSD

Ethereum Classic (CRYPTO: ETC) has seen a 7.1% increase in its price to $32.82, largely in sympathy with Bitcoin's 3% rise to the $67,000 level. The price movement of Bitcoin often influences other cryptocurrencies, including Ethereum Classic, due to increased public awareness and the inherent correlation between their market dynamics.

Portfolio Pulse from Henry Khederian

April 04, 2024 | 7:07 pm

RUNEUSD

THORChain's cryptocurrency, RUNE, has seen a 7.54% increase in price over the last 24 hours, reaching $7.84, despite a 15% decrease over the past week from $9.3. The coin's all-time high is $20.87. Trading volume has decreased by 52% over the past week, and the circulating supply has dropped by 1.35% to 334.50 million, which is 66.9% of its max supply. RUNE's market cap ranks it 50th at $2.63 billion.

Portfolio Pulse from Benzinga Insights

April 04, 2024 | 7:02 pm

CGC

Recent options trading activity for Canopy Growth (NASDAQ:CGC) indicates a bearish sentiment among high-rolling investors, with a significant portion of trades being bearish despite a mix of bullish and bearish signals. The trading focuses on a price band between $4.0 and $15.0. Notable options trades include both CALL and PUT options with varying sentiments and strike prices. Canopy Growth, a company involved in the cannabis industry, is seeing its stock price down by -5.42%, with an RSI indicating it may be overbought. The company is also planning to merge its U.S. assets into Canopy USA.

Portfolio Pulse from Benzinga Insights

April 04, 2024 | 7:01 pm