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ACB

Aurora Cannabis Inc. (NASDAQ:ACB) has announced a partnership with Script Assist, a UK-based medical cannabis prescription platform. This collaboration will introduce Aurora's medical cannabis products, including three new cannabis flower products, to the UK market through Script Assist. The partnership aims to improve access and provide valuable information to medical cannabis patients in the UK. Aurora's shares saw a 2.4768% increase to $3.31 after the announcement.

Portfolio Pulse from Jelena Martinovic

February 28, 2024 | 2:50 pm

SKGR

Webull Corporation is going public through a SPAC merger with SK Growth Opportunities Corporation (NASDAQ:SKGR), valuing Webull at $7.3 billion. The merger will see Webull, a digital investment platform with over 20 million users and significant trading volumes, list under a new ticker. Investors include General Atlantic and Coatue Management. SKGR's stock rose 5% on the announcement.

Portfolio Pulse from Chris Katje

February 28, 2024 | 2:48 pm

DDD

F

MSTR

TSLA

Bitcoin's surge to $59K led to $71M in short squeezes, boosting meme coins like Dogecoin, Shiba Inu, and Floki, pushing their market cap to $26.5B. MicroStrategy's stock is predicted to hit $990 amid a Bitcoin rally to $125K. In US markets, 3D Systems reported downbeat Q4 results, affecting pre-market session movements. Cox Enterprises is set to acquire OpenGov for $1.8B. Tesla shows premarket gains, while Ford recalls 63K trucks. Viatris partners with Idorsia for heart attack treatments, and PNM Resources and AEP complete a solar venture sale.

Portfolio Pulse from Akanksha Bakshi

February 28, 2024 | 2:46 pm

UWMC

UWM Holdings (UWMC) reported a significant miss in both Q4 adjusted EPS and sales against analyst estimates. The adjusted EPS was $(0.23), missing the $0.05 estimate by 560%, and sales were $(114.58M), missing the $350.73M estimate by 132.67%. This represents a substantial decrease from the previous year's figures.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 2:46 pm

VKTX

Viking Therapeutics (NASDAQ:VKTX) has seen a mix of bullish and bearish options trading, with a recent trend towards bearish sentiment. Despite this, the stock price is up 5.7% at $89.9. Analysts have varied target prices, with an average of $81.2. The company specializes in biopharmaceutical development for metabolic and endocrine disorders.

Portfolio Pulse from Benzinga Insights

February 28, 2024 | 2:46 pm

MU

Investors have shown a significant interest in Micron Technology (NASDAQ:MU) options, with a notable lean towards bullish sentiment. Benzinga's options scanner revealed 24 unusual trades, predominantly calls, indicating a potential price target range of $82.5 to $135.0 for MU. The largest trades were bullish calls with expiration dates in 2024. Currently, MU's stock is slightly down at $90.45, with an anticipated earnings release in 21 days. This heightened options activity could suggest insider knowledge or speculation on future price movements.

Portfolio Pulse from Benzinga Insights

February 28, 2024 | 2:45 pm

AMD

Advanced Micro Devices (NASDAQ:AMD) has seen significant unusual options activity, with a bearish sentiment from big-money traders. Out of 10 unusual trades, 8 are puts, indicating a bearish outlook. The trades suggest a price target range of $172.5 to $180.0 for AMD in the next three months. AMD's current trading volume is 694,985, with a slight price decrease of -0.96%, and an RSI indicating it may be approaching overbought territory. Analyst ratings remain positive, with a consensus target price of $207.0.

Portfolio Pulse from Benzinga Insights

February 28, 2024 | 2:45 pm

LZB

La-Z-Boy (NYSE:LZB) announced a quarterly dividend of 20 cents per share, with the ex-dividend date set for Monday. Shareholders owning LZB stock by the end of Friday are eligible for the dividend, to be paid on March 15, 2024. The stock is expected to open 20 cents lower on Monday due to the dividend payout.

Portfolio Pulse from Benzinga Insights

February 28, 2024 | 2:45 pm

ADI

Analog Devices (NASDAQ:ADI) announced a quarterly dividend of 92 cents per share, with the ex-dividend date set for Monday. Shareholders owning ADI stock by the end of Friday are eligible for the dividend, payable on March 15, 2024. The stock is expected to open 92 cents lower on the ex-dividend date.

Portfolio Pulse from Benzinga Insights

February 28, 2024 | 2:45 pm

KRO

Kronos Worldwide (NYSE:KRO) announced a quarterly dividend of 19 cents per share, with the ex-dividend date set for Monday. Shareholders owning KRO by the end of Friday are eligible for the dividend, payable on March 14, 2024. The stock is expected to open 19 cents lower on the ex-dividend date.

Portfolio Pulse from Benzinga Insights

February 28, 2024 | 2:45 pm