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Stock Prices

YTEN

Yield10 Bioscience received an extension from a Nasdaq panel to remain listed on Nasdaq until May 13, 2024, according to an SEC filing on Feb 13.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 5:52 pm

BLK

GBTC

Bitcoin spot ETFs have seen a 15-day streak of net inflows, totaling $477 million on Feb. 15, with BlackRock's IBIT leading at $330 million in one day. Despite this, Grayscale's GBTC experienced a net outflow of $174 million, indicating a competitive landscape and investor preference for specific ETFs. IBIT's total net inflow has reached $5.17 billion, showcasing its dominance in the market. This trend reflects growing mainstream interest in cryptocurrency investments and the maturation of the cryptocurrency market.

Portfolio Pulse from Murtuza Merchant

February 16, 2024 | 5:50 pm

DIS

PENN

PENN Entertainment Inc (NASDAQ:PENN) reported Q4 financial results, with analysts focusing on the future growth of ESPN Bet. Analysts from Macquarie, Needham, Stifel, and JMP Securities provided insights, highlighting the high investment levels and losses in the digital segment but also noting the potential for future growth and market share gains. The integration of ESPN Bet with ESPN, licensed from Walt Disney Co (NYSE:DIS), is seen as a positive step. PENN shares have seen a decline, reflecting investor concerns and the high costs associated with the ESPN Bet launch.

Portfolio Pulse from Chris Katje

February 16, 2024 | 5:43 pm

CNA

MCY

MRAI

In Friday's intraday session, insurance stocks saw significant movements. Marpai, Mercury General, American Coastal, FG Finl Gr, Employers Holdings, and Palomar Hldgs were among the gainers, with increases ranging from 1.98% to 13.0%. On the downside, CNA Financial, GoHealth, Waterdrop, Oxbridge Re Holdings, Maiden Hldgs, and Fanhua experienced declines between 2.78% and 5.33%. Notably, Mercury General, Employers Holdings, and Palomar Hldgs recently released their Q4 earnings reports.

Portfolio Pulse from Benzinga Insights

February 16, 2024 | 5:40 pm

DHI

LEN

PMH

TOL

January's housing starts data revealed a significant decline, with a 14.8% drop overall and a 35.8% fall in multifamily dwellings, attributed partly to severe weather in the Midwest. Despite this, the long-term trend for single-family home starts remains positive. High interest rates have led to increased mortgage rates, affecting home sales and purchases. This has negatively impacted housebuilders' stock performance, with D.R. Horton, Lennar, Pulte Group, and Toll Brothers seeing varied changes in their stock prices. Home Depot's stock, however, is up 5% in 2024, despite potential challenges from a slowing housing market.

Portfolio Pulse from Neil Dennis

February 16, 2024 | 5:38 pm

NKE

Nike Inc (NYSE:NKE) shares dropped after Oppenheimer downgraded the stock to Perform from Outperform and cut the price target to $110 from $150. The downgrade is due to expectations of sluggish top-line trends, concerns over consumer demand, pauses in product innovation, and competitive pressures. Additionally, Nike plans to cut over 1,600 jobs to focus on key categories and aims for $2 billion in cost savings over three years. The analyst also lowered EPS estimates for Q3 and FY26.

Portfolio Pulse from Lekha Gupta

February 16, 2024 | 5:37 pm

CAT

EOSE

FIX

PAYX

SWK

UBER

Today's session highlighted significant options activity in 10 industrials stocks, indicating whale movements that could signal trading opportunities. The activity included both bullish and bearish sentiments across various expiration dates and strike prices. Notably, EOSE and PAYX saw bearish movements, while UBER, BA, FIX, SWK (bearish sentiment), GE, DE, WM, and CAT (bearish sentiment) experienced bullish activity. This diverse options activity suggests varying investor expectations and market strategies.

Portfolio Pulse from Benzinga Insights

February 16, 2024 | 5:35 pm

AMZN

BABA

DASH

DKNG

HLT

NKE

PLNT

TJX

TSLA

Today's session highlighted unusual options activity in the Consumer Discretionary sector, tracking large transactions by 'whales'. Notable activity was observed in stocks like TSLA, BABA, AMZN, NKE, DASH, PLNT, TJX, DKNG, QS, and HLT, with various sentiments and expiration dates. This could indicate potential trading opportunities based on the divergence of market estimation from normal value.

Portfolio Pulse from Benzinga Insights

February 16, 2024 | 5:35 pm

ADBE

AMBA

AMD

CLSK

GLW

MARA

MSTR

NVDA

SMCI

SOUN

Today's session highlighted significant whale activity in the options market for 10 Information Technology stocks, indicating potential trading opportunities. The activity involved both bullish and bearish sentiments across various expiration dates and strike prices for companies like NVDA, AMD, and MARA, among others. This could signal investor expectations and market movements.

Portfolio Pulse from Benzinga Insights

February 16, 2024 | 5:35 pm

PACB

Pacific Biosciences of California's shares are trading lower following the announcement of their Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 5:31 pm