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CERE

Cerevel Therapeutics has announced a proposed public offering of its common stock worth $400M. The company also expects to grant the underwriters a 30-day option to purchase up to an additional $60M of its shares at the public offering price.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 8:03 pm

BTCUSD

ETHUSD

Crypto whales have sold over 5 million ETH, worth approximately $8.5 billion, since February 2023, according to crypto analyst Ali Martinez. There hasn't been any discernible shift toward ETH accumulation from these major players, indicating a continued selling trend. Martinez also noted that Ethereum is hovering above a critical demand zone and a daily close below the $1,530 mark could indicate a sharp correction in Ethereum's value. He also hinted at a potential 5% correction in BTC, potentially heading to $26,200.

Portfolio Pulse from Murtuza Merchant

October 11, 2023 | 8:02 pm

SAVE

In the last quarter, Spirit Airlines (NYSE:SAVE) received indifferent ratings from six analysts. The average price target is $18.42, which is higher than the current price of $16.59. This average represents a 12.91% decrease from the previous average price target of $21.15.

Portfolio Pulse from Benzinga Insights

October 11, 2023 | 8:00 pm

XPO

Over the past 3 months, 19 analysts have published their opinion on XPO Logistics (NYSE:XPO) stock. The average price target for XPO is $79.16, with a high of $89.00 and a low of $65.00. This average price target has increased by 22.1% over the past month.

Portfolio Pulse from Benzinga Insights

October 11, 2023 | 8:00 pm

CP

Analysts have provided ratings for Canadian Pacific Kansas (NYSE:CP) over the last quarter, with 5 somewhat bullish, 2 indifferent, and none bearish. The average price target is $99.43, compared to the current price of $72.88, implying an upside. This average has decreased by 0.57% from the previous average price target of $100.00.

Portfolio Pulse from Benzinga Insights

October 11, 2023 | 8:00 pm

TSE

Analysts have given Trinseo (NYSE:TSE) indifferent ratings over the last quarter, with an average price target of $11.5, a decrease of 33.33% from the previous average price target of $17.25.

Portfolio Pulse from Benzinga Insights

October 11, 2023 | 8:00 pm

ALGT

Over the past 3 months, 7 analysts have published their opinion on Allegiant Travel (NASDAQ:ALGT) stock. The average price target is $111.86, implying an upside from the current price of $76.02. This represents a 10.51% decrease from the previous average price target of $125.00.

Portfolio Pulse from Benzinga Insights

October 11, 2023 | 8:00 pm

WBA

Walgreens Boots Alliance (NASDAQ:WBA) is set to release its latest quarterly earnings report on October 12, 2023. Analysts estimate an earnings per share (EPS) of $0.69. The company's past performance shows a pattern of share price changes following earnings reports. The stock is currently trading at $22.38, down 32.79% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

October 11, 2023 | 8:00 pm

STLA

Stellantis shares are trading higher amid volatility in auto stocks due to the UAW strikes. The company and Samsung SDI have disclosed Kokomo, Indiana, as the second site for their electric vehicle battery manufacturing facility in the US.

Portfolio Pulse from Bill Haddad

October 11, 2023 | 7:55 pm

BDX

Becton Dickinson and Co (BDX) shares are trading lower after the FDA established a Digital Health Advisory Committee. The committee is dedicated to tackling challenges within the realm of digital health technologies, including AI, augmented reality, and wearable devices. The increased regulation could slow down the pace of innovation or make it more challenging for companies to bring new digital health products to market, which could negatively affect companies like BDX.

Portfolio Pulse from Henry Khederian

October 11, 2023 | 7:52 pm