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VNDA

Vanda Pharmaceuticals has rejected a second unsolicited acquisition proposal from Cycle Group, valuing the company at $8.00 per share. The board believes the offer undervalues Vanda and is not in the best interests of shareholders.

Portfolio Pulse from Benzinga Newsdesk

October 14, 2024 | 2:58 pm

BURU

NUBURU, Inc. (NYSE:BURU) has canceled its Special Meeting due to not receiving enough proxies to form a quorum. The proposals will be included in the annual meeting proxy statement expected by October 31, 2024.

Portfolio Pulse from Benzinga Newsdesk

October 14, 2024 | 2:57 pm

TSLA

Tesla and Elon Musk are accused of drawing design inspiration from the 2004 film 'I, Robot' for their Cybercab, Robovan, and Optimus bot. The allegations come from the film's director and others who noticed similarities. Tesla's stock is slightly up despite the controversy.

Portfolio Pulse from Chris Katje

October 14, 2024 | 2:57 pm

JNJ

LLY

Eli Lilly's Phase 3 study shows its drug mirikizumab outperforms Johnson & Johnson's Stelara in treating Crohn's disease, with better histologic response at one year. The safety profile of mirikizumab is consistent with previous findings, and it is already approved for ulcerative colitis.

Portfolio Pulse from Vandana Singh

October 14, 2024 | 2:49 pm

BA

MTEM

TVGN

VERB

VEV

XPON

ZPTA

The Nasdaq surged by 1% on Monday, with Boeing announcing a 10% workforce reduction, affecting around 17,000 jobs. Several stocks experienced significant price movements, including Tevogen Bio, Verb Technology, and Molecular Templates.

Portfolio Pulse from Avi Kapoor

October 14, 2024 | 2:47 pm

DELL

Unusual options activity has been detected for Dell Technologies, with a significant number of high-value trades indicating a mixed sentiment among investors. The options activity suggests a potential price range of $110 to $175 for Dell in the coming months. The stock is currently trading at $128.41, with a slight increase of 0.54%.

Portfolio Pulse from Benzinga Insights

October 14, 2024 | 2:45 pm

AMD

Financial giants have made a bearish move on AMD, with 46% of options trades showing bearish tendencies. Despite this, significant investors are targeting a price range of $130 to $210. Analysts have issued mixed ratings, with a consensus target price of $188.

Portfolio Pulse from Benzinga Insights

October 14, 2024 | 2:45 pm

COIN

Financial giants are showing a bullish trend on Coinbase Glb (NASDAQ:COIN) with significant options activity. 62 unusual trades were detected, with 50 calls valued at $4,991,538 and 12 puts at $378,132. The stock price is up 6.24% at $187.39, and experts have set a consensus target price of $247.5.

Portfolio Pulse from Benzinga Insights

October 14, 2024 | 2:45 pm

RILY

B. Riley Financial, Inc. (NASDAQ:RILY) shares are rising after announcing the sale of its appraisal and valuations unit, Great American, to Oaktree Capital Management for $386 million. The deal is expected to close in Q4 2024, with B. Riley receiving cash and equity in the new entity.

Portfolio Pulse from Erica Kollmann

October 14, 2024 | 2:45 pm

AAPL

GOOGL

META

MSFT

NVDA

QQQ

SPY

TSLA

The Market Clubhouse Morning Memo provides a trade strategy for SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA, highlighting key price levels and potential market movements. Traders are advised to monitor these stocks for breakouts or reversals, with a focus on market volume and price action due to the Columbus Day holiday. Commentary from Fed officials may cause volatility.

Portfolio Pulse from RIPS

October 14, 2024 | 2:44 pm