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WISA

WiSA shares are experiencing an increase in their trading value due to sustained upward momentum following the announcement of a 5-year WiSA E licensing agreement with an HDTV/PTV brand.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 1:53 pm

AMZN

VCR

XLY

Amazon.com Inc (NASDAQ:AMZN) faces delays in its Northern Virginia HQ2 expansion, pushing its 25,000 job promise to 2038 amid a workforce reduction last year due to company-wide layoffs and a hiring slowdown. Despite these setbacks, Amazon continues to invest in the project, with 1,000 positions currently open and plans for AWS to expand data centers in Virginia by 2040. The delays could affect the financial incentives from Virginia, which are based on employment commitments. Amazon stock has gained over 78% in the last 12 months, with exposure through ETFs like SPDR Select Sector Fund – Consumer Discretionary (NYSE:XLY) and Vanguard Consumer Discretion ETF (NYSE:VCR).

Portfolio Pulse from Anusuya Lahiri

April 17, 2024 | 1:52 pm

PLCE

The Children's Place shares surged following the announcement of a new financing agreement with Mithaq Capital, indicating a positive market response to the company's financial strategy.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 1:50 pm

EDBL

Edible Garden's stock was halted due to a circuit breaker trigger after surging 65.5%, indicating a significant upward movement in its share price.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 1:48 pm

EDBL

Trading of Edible Garden shares has resumed, indicating a return to normal trading activities for the company.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 1:46 pm

NFLX

Deep-pocketed investors have shown a bearish sentiment towards Netflix (NASDAQ:NFLX), with options activity indicating a divided mood but leaning more towards bearish with 66% against 33% bullish. Notable options trades suggest a target price range of $300 to $655 for NFLX. The company, known for its streaming service with almost 250 million subscribers globally, has introduced ad-supported plans. Currently, NFLX's stock is slightly up by 0.3%, with a trading volume of 117,715 and an RSI indicating a neutral position. Analysts have set an average target price of $645, with individual targets ranging from $550 to $765.

Portfolio Pulse from Benzinga Insights

April 17, 2024 | 1:46 pm

CISS

Trading of C3is shares has resumed.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 1:44 pm

EDBL

Edible Garden's stock was halted due to a circuit breaker trigger after it surged 38%. This significant increase in stock price indicates a strong market reaction to potentially positive news or developments related to the company.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 1:42 pm

CISS

C3is (CISS) shares are trading higher as traders share a post by meme stock trader Zack Morris mentioning the stock. The company, operating in the oil and shipping sector, has a low float and short interest, with significant cash per share and total cash. It has been profitable with a high profit margin and a substantial increase in total assets. C3is announced an agreement to acquire a Handysize Bulk Carrier, adding to its fleet, with no bank debt and a strong cash position to fund further acquisitions.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 1:42 pm

UNH

UnitedHealth shares are trading higher due to continued strength after its Q1 earnings report. Piper Sandler increased its price target for the stock from $566 to $571.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 1:40 pm