Streetbeat News

Stock Prices

ELF

Deep-pocketed investors have shown a bullish sentiment towards e.l.f. Beauty (NYSE:ELF), with a notable increase in options activity. Benzinga's tracking revealed 19 extraordinary options activities, with a bullish majority. The options trades suggest a target price range of $155.0 to $290.0. e.l.f. Beauty's current stock price is up by 0.94%, reaching $210.5, with an RSI indicating potential overbought conditions. Analyst ratings vary, with an average target price of $199.2.

Portfolio Pulse from Benzinga Insights

March 01, 2024 | 4:47 pm

REGN

Investors have shown a bearish stance on Regeneron Pharmaceuticals (NASDAQ:REGN), with options activity indicating a split sentiment of 37% bullish and 62% bearish. Significant trading activity suggests a price target range of $620 to $980 over the next three months. Current trading volume is 92,111 with a slight price increase of 0.14%, and the stock is potentially approaching overbought territory. Analysts have set an average target price of $1075.25, with varying ratings from Outperform to Neutral.

Portfolio Pulse from Benzinga Insights

March 01, 2024 | 4:47 pm

SATS

EchoStar Corp (NASDAQ:SATS) shares fell after reporting Q4 earnings. Despite beating earnings and revenue expectations with $1.21 EPS and $4.163 billion in revenue, the company saw a net loss of $2.03 billion and a decline in Pay-TV and Broadband subscribers. The year-over-year sales dropped by 8.2%, mainly due to subscriber declines in the Pay-TV segment. EchoStar also completed a merger with DISH Network, aiming for operational efficiencies.

Portfolio Pulse from Nabaparna Bhattacharya

March 01, 2024 | 4:47 pm

GLD

IBIT

Michael Hartnett, chief strategist of Bank of America, attributes the rise in gold and Bitcoin prices to the surging U.S. national debt, which has surpassed $34 trillion. Hartnett's analysis suggests that assets like gold and Bitcoin, which have finite supplies, are thriving as hedges against debt debasement. Gold is currently priced at $2,070 per ounce, and Bitcoin at $62,000, with both nearing all-time highs. The iShares Bitcoin Trust (IBIT) and SPDR Gold Trust ETF (GLD) have seen significant inflows, indicating increased investor interest in these assets as a response to U.S. fiscal policies.

Portfolio Pulse from Piero Cingari

March 01, 2024 | 4:46 pm

EVER

Everbridge shares surged following the announcement of an amended merger agreement with Thoma Bravo, setting the purchase price at $35.00 per share in cash.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 4:42 pm

AEHR

Aehr Test Systems (NASDAQ:AEHR) has shipped a new high-power configuration of its FOX-XP system to a major silicon photonics customer for wafer level burn-in and stabilization of next-gen silicon photonics ICs. This system enables cost-effective volume production testing of photonic ICs, crucial for optical I/O and co-packaged optics markets. The FOX-XP system can test up to 8,192 high-power optical devices across nine wafers simultaneously, supporting up to 3,500 watts per wafer. This advancement is seen as a significant market opportunity, with companies like AMD, Nvidia, Intel, TSMC, and GlobalFoundries moving towards optical chip-to-chip communication.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 4:40 pm

CRDF

Cardiff Oncology Inc (NASDAQ:CRDF) released data from its discontinued Phase 2 ONSEMBLE trial for second-line RAS-mutated metastatic colorectal cancer, showing efficacy of onvansertib. Despite discontinuing this trial to focus on a first-line treatment program, the company's stock soared by 37.60%. Cardiff Oncology had $75 million in cash at the end of 2023, expected to last until Q3 2025.

Portfolio Pulse from Vandana Singh

March 01, 2024 | 4:38 pm

ANET

Arista Networks (NYSE:ANET) has seen significant options activity indicating a bearish sentiment among big-money investors, with 75% of the trades being bearish. The options scanner revealed 24 unusual trades, with a price window targeted between $220.0 to $360.0. Despite this, ANET's stock is up 1.72%, with analysts giving mixed reviews and price targets ranging from $268 to $325. The company is a major provider of Ethernet switches and software, with North America being its largest market.

Portfolio Pulse from Benzinga Insights

March 01, 2024 | 4:32 pm

ANF

Whale investors have shown a bearish stance on Abercrombie & Fitch (ANF), with unusual options activity indicating a split sentiment of 37% bullish and 62% bearish. The activity focuses on a price range between $50 and $150. The company, a specialty retailer, has seen its stock price increase by 0.33% to $128.18, with an RSI suggesting it may be overbought. Analysts have given mixed ratings with an average target price of $132.33.

Portfolio Pulse from Benzinga Insights

March 01, 2024 | 4:32 pm

CELH

Celsius Holdings (NASDAQ:CELH) has seen significant options trading activity, indicating a split sentiment among big-money investors, with 50% bullish and 50% bearish. The trading volume and open interest suggest a focus on a price range between $55.0 and $115.0. Celsius Holdings, known for its energy drinks, has a 20-year distribution agreement with PepsiCo. The stock is currently down by -1.0%, with a trading volume of 3,635,038 and an RSI indicating potential overbought status. Analyst ratings are mixed, with a consensus target price of $79.0.

Portfolio Pulse from Benzinga Insights

March 01, 2024 | 4:32 pm