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AESI

Atlas Energy shares experienced a rebound, trading higher after initially showing weakness. This change in trajectory followed the company's announcement of its Q1 results, alongside an increase in its dividend.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 2:19 pm

HTZ

Hertz Global Holdings saw significant options trading activity with a sweep of 839 calls for September 20 at a strike price of $6, priced near the ask at $0.65, compared to an open interest of 414. This activity occurred with Hertz's stock reference price at $5.0.

Portfolio Pulse from Charles Gross

May 06, 2024 | 2:18 pm

NRXP

NRx Pharmaceuticals shares surged following the announcement of a significant safety advantage of NRX-101 over the standard care in a clinical trial for suicidal bipolar depression, with plans to seek accelerated approval.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 2:18 pm

AMGN

Whale investors have shown a bullish stance on Amgen (NASDAQ:AMGN), with Benzinga's options scanner revealing 20 unusual options trades. The sentiment is split, with 50% bullish and 35% bearish, focusing on a price range of $140.0 to $320.0 for AMGN. The largest trades include both puts and calls, indicating diverse strategies. Amgen, a biotech leader with a broad therapeutic portfolio, has a current stock price of $309.98, with analysts giving mixed reviews but generally positive price targets up to $360.

Portfolio Pulse from Benzinga Insights

May 06, 2024 | 2:17 pm

MSFT

Financial analysis of Microsoft's (NASDAQ:MSFT) options market reveals a bearish sentiment among traders, with 46% showing bearish tendencies versus 40% bullish. The analysis highlighted 15 unusual trades, including 5 puts and 10 calls, indicating a predicted price range for MSFT between $300.0 and $420.0. The largest trades include both bullish and bearish positions, with significant activity in calls and puts. Current market data shows MSFT's price up by 0.51% at $408.74, with a neutral RSI. Analysts have issued varying ratings, with a consensus target price of $481.0.

Portfolio Pulse from Benzinga Insights

May 06, 2024 | 2:17 pm

SAVE

Spirit Airlines Inc (NYSE:SAVE) reported a Q1 fiscal 2024 revenue decline of 6.2% Y/Y to $1.265 billion, slightly missing consensus estimates. Adjusted EPS loss widened to $(1.46) from $(0.82), also missing expectations. Despite the loss, CEO Ted Christie emphasized progress towards financial goals amid a challenging competitive environment. Passenger revenues fell, while other revenues rose. The company faced operational challenges, including aircraft unavailability due to engine issues, leading to a decrease in aircraft utilization. Spirit announced deferrals of aircraft deliveries to improve liquidity and provided a Q2 outlook with expected total revenues below consensus estimates. Shares dropped 8.49% to $3.395.

Portfolio Pulse from Akanksha Bakshi

May 06, 2024 | 2:17 pm

SIMO

Silicon Motion Technology's stock (SIMO) trades higher following an upgrade by Morgan Stanley from Equal-Weight to Overweight, with a price target increase from $59 to $88.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 2:13 pm

BAK

Braskem shares are trading lower following an announcement by shareholder Novonor that Adnoc is no longer interested in pursuing a potential transaction.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 2:11 pm

OM

Outset Medical's stock price increased following the announcement that its TabloCart with prefilitation product received FDA clearance.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 2:09 pm

SGE

Trading of Strong Global Entertainment (SGE) shares has resumed after a temporary halt. This development could indicate significant news or events related to the company that prompted the halt and subsequent resumption.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 2:07 pm