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WPC

W.P. Carey shares are trading lower following the announcement of worse-than-expected Q4 results.

Portfolio Pulse from Benzinga Newsdesk

February 09, 2024 | 3:57 pm

TBBB

BBB Foods' IPO is indicating an opening price of $19-$20 per share, which is above the initial pricing of $17.50 per share for 33.7 million shares.

Portfolio Pulse from Benzinga Newsdesk

February 09, 2024 | 3:57 pm

CYBR

Cyberark's stock price increased after several analysts upgraded their price targets following the company's earnings report on Thursday.

Portfolio Pulse from Benzinga Newsdesk

February 09, 2024 | 3:56 pm

COIN

Coinbase Global, Inc. (NASDAQ:COIN) shares are trading higher as Bitcoin (BTC) surpassed $47,000 for the first time since 2022. Coinbase's stock, despite a rough start in 2024 with a 19% decline due to the approval of Bitcoin ETFs, has seen nearly a 10% increase following a more than 10% rise in Bitcoin over the past five days. Coinbase is expected to report Q4 financial results on Feb. 15, with earnings of 2 cents per share and revenue of $823.85 million anticipated. The stock has an average 1-year price target of $125.73, indicating a potential downside, with analyst opinions divided.

Portfolio Pulse from Erica Kollmann

February 09, 2024 | 3:55 pm

SYBX

Synlogic Inc (NASDAQ:SYBX) announced the discontinuation of its Synpheny-3 study for PKU treatment due to unlikely achievement of its primary endpoint, not related to safety concerns. The company plans to evaluate strategic options, including mergers or asset sales, and will reduce its workforce by over 90%. The company's cash balance as of December 31, 2023, was $47.7 million. Shares plummeted 51.31% to $1.67.

Portfolio Pulse from Vandana Singh

February 09, 2024 | 3:53 pm

SUNW

Sunworks Inc (NASDAQ:SUNW) shares surged 184% to $0.15 despite no specific news, following its Chapter 7 bankruptcy filing and the resignation of its CEO and all directors. The company has ceased operations, and a trustee will now liquidate its assets.

Portfolio Pulse from Henry Khederian

February 09, 2024 | 3:52 pm

BILL

BILL Holding's shares declined following the announcement of its Q2 financial results and future guidance for Q3 and FY24. Additionally, Wells Fargo adjusted its stance on BILL, maintaining an Equal-Weight rating but reducing the price target from $75 to $70.

Portfolio Pulse from Benzinga Newsdesk

February 09, 2024 | 3:52 pm

TELO

Shares of Telomir Pharma were halted due to a circuit breaker triggered by a significant downside movement. This action is typically taken to prevent a stock from crashing by pausing trading, allowing for a cooling-off period.

Portfolio Pulse from Benzinga Newsdesk

February 09, 2024 | 3:49 pm

TELO

Telomir Pharma's IPO shares began trading at $7 per share, which was also the price at which the IPO was priced.

Portfolio Pulse from Benzinga Newsdesk

February 09, 2024 | 3:48 pm

SHOP

Smart money investors have shown a significant bullish interest in Shopify (NYSE:SHOP) options, with a notable volume of trades indicating a price target range of $65.0 to $120.0 over the next three months. The analysis of 26 unusual options trades revealed a 65% bullish and 34% bearish sentiment among big-money traders, with a total call option value of $1,372,842 compared to $118,371 in puts. The most significant options trades were bullish call sweeps with expiration dates ranging from 2024 to 2025 and strike prices around $95.00 and $65.00. Shopify's current stock price is up 2.42% at $90.0, with an anticipated earnings release in 4 days, suggesting potential short-term volatility.

Portfolio Pulse from Benzinga Insights

February 09, 2024 | 3:46 pm