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PZZA

SHAK

Shake Shack Inc (NYSE:SHAK) announced the appointment of Rob Lynch, current President and CEO of Papa John's International, Inc (NASDAQ:PZZA), as its new CEO effective May 20, 2024. Lynch, with over 25 years of experience in the QSR and consumer packaged goods industries, will succeed Randy Garutti. SHAK shares dropped 1.15% to $107.96 following the announcement.

Portfolio Pulse from Shivani Kumaresan

March 21, 2024 | 3:34 pm

DKNG

PARA

WBD

President Joe Biden has made his picks for the 2024 NCAA Men's Basketball Tournament, favoring the University of Connecticut to win. DraftKings Inc (NASDAQ:DKNG) provided the betting odds. The tournament's broadcasting rights are shared between Warner Bros. Discovery (NASDAQ:WBD) and Paramount Global (NASDAQ:PARA)(NASDAQ:PARAA), with games aired on various channels and streaming platforms.

Portfolio Pulse from Chris Katje

March 21, 2024 | 3:34 pm

PZZA

Papa John's shares are trading lower following the announcement of a CEO transition. The company's stock is experiencing a downturn as investors react to the news of leadership changes.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 3:31 pm

BLK

High-rolling investors have shown a bullish sentiment on BlackRock (NYSE:BLK), with options data revealing a significant interest in calls over puts, indicating a potential upward price movement. The options activity, tracked by Benzinga, suggests a price target range of $550 to $900 for BLK. The company, the world's largest asset manager, has $10.008 trillion in assets under management and a diverse product mix. Currently, BLK's stock is up 2.9% at $841.62, with an RSI indicating it may be approaching overbought territory. An analyst from Evercore ISI Group has set a price target of $920, maintaining an Outperform rating.

Portfolio Pulse from Benzinga Insights

March 21, 2024 | 3:31 pm

HD

Home Depot (NYSE:HD) has seen unusual options activity, with a bullish sentiment from deep-pocketed investors. Benzinga's options scanner revealed 32 extraordinary activities, with a majority being calls. The focus is on a price band between $330.0 and $450.0. Home Depot's current market status shows a 2.96% increase in price at $395.77, with potential overbought indicators. Analysts have mixed ratings, with target prices ranging from $377 to $415.

Portfolio Pulse from Benzinga Insights

March 21, 2024 | 3:31 pm

PFE

Deep-pocketed investors have shown a bearish sentiment towards Pfizer (NYSE:PFE), as revealed by Benzinga's options scanner. The scanner detected 11 unusual options activities, with a mix of bullish and bearish sentiments, but a slight majority leaning bearish. The significant trading activity suggests a price target range of $20.0 to $32.5 for Pfizer in the next three months. Analysts have recently adjusted their ratings and price targets for Pfizer, with an average price target of $42.0. The company's current market performance shows a slight increase in stock price, with an upcoming earnings announcement in 40 days.

Portfolio Pulse from Benzinga Insights

March 21, 2024 | 3:31 pm

MARA

Marathon Digital Holdings (NASDAQ:MARA) has significantly outperformed the market with an annualized return of 61.53% over the past 5 years, turning a $1000 investment into $11,073.23 today. The company currently boasts a market capitalization of $6.00 billion.

Portfolio Pulse from Benzinga Insights

March 21, 2024 | 3:31 pm

Z

ZG

Zillow's stock is trading higher, potentially recovering from a recent dip caused by a National Association of Realtors (NAR) ruling. The uptick may also be attributed to positive US existing home sales data.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 3:27 pm

CMC

Commercial Metals Company (CMC) reported a Q2 fiscal 2024 net sales decline of 8.4% year-over-year to $1.85 billion, surpassing consensus estimates. Despite a decrease in adjusted EPS and total adjusted EBITDA, the company saw a surge in downstream contract awards and made significant improvements in reducing controllable costs. CMC also declared a quarterly dividend increase of ~13% and is gearing up for a strong construction season with strategic site improvements and acquisitions aimed at leveraging favorable construction trends.

Portfolio Pulse from Akanksha Bakshi

March 21, 2024 | 3:21 pm

AAPL

Apple shares are trading lower following the filing of an antitrust lawsuit by the DOJ against the company.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 3:17 pm