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ACI

KR

Albertsons Companies Inc (NYSE:ACI) reported a slight sales growth in Q4 FY23 but missed analyst estimates. The company saw a 0.4% year-on-year increase in sales to $18.34 billion, with a notable 24% increase in digital sales. However, adjusted EBITDA fell by 12.8% Y/Y. Adjusted EPS of $0.54 beat estimates. Albertsons and Kroger Co (NYSE:KR) have updated their divestiture plan with C&S Wholesale Grocers to address antitrust concerns, increasing the total store count to be sold to 579. ACI shares rose by 0.17% following the news.

Portfolio Pulse from Shivani Kumaresan

April 22, 2024 | 2:09 pm

SMFL

Shares of Smart For Life, Inc. (SMFL) were halted on a circuit breaker due to a significant uptick, with the stock now up 48.5%. This sudden increase in stock price triggered the halt to manage volatility and ensure orderly market conditions.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 2:07 pm

EDBL

Edible Garden shares were halted due to a circuit breaker triggered by a downside movement, despite the stock being up 50%.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 2:07 pm

WETH

Wetouch Technology shares resumed trading after a circuit breaker halt. The halt was likely due to significant price movement or volatility.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 2:06 pm

EDBL

Trading of Edible Garden shares, symbol EDBL, has resumed after a temporary halt.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 2:03 pm

STLD

Over the past 10 years, Steel Dynamics (NASDAQ:STLD) has produced an average annual return of 22.33%, outperforming the market by 12.1% annually. A $100 investment in STLD a decade ago would now be worth $754.26. The company currently has a market capitalization of $21.54 billion.

Portfolio Pulse from Benzinga Insights

April 22, 2024 | 2:02 pm

BIDU

Citron Research highlighted Baidu's AI product, Comate, as the most compelling in the market, suggesting BIDU will lead when sentiment on Chinese stocks improves.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 2:02 pm

HBAN

Huntington Bancshares (NASDAQ:HBAN) has been analyzed by 13 analysts, showing a diverse range of perspectives with recent ratings ranging from bullish to indifferent. The average 12-month price target is $15.42, indicating a 9.44% increase from the previous target. Analysts from firms like RBC Capital, Jefferies, and B of A Securities have raised their price targets, reflecting a positive outlook on HBAN's performance despite its challenges in revenue growth, net margin, and debt management.

Portfolio Pulse from Benzinga Insights

April 22, 2024 | 2:00 pm

OZK

Bank OZK (NASDAQ:OZK) has received mixed analyst ratings over the past quarter, with a recent trend towards a more cautious outlook. The average 12-month price target for OZK has been adjusted to $47.6, down from $49.60, reflecting a 4.03% decrease. Analyst actions include both upgrades and downgrades, with price targets ranging from $39.00 to $57.00. Despite the mixed analyst sentiment, Bank OZK has shown strong financial performance, including a 13.62% revenue growth rate, a net margin of 41.18%, and an ROE of 3.65%.

Portfolio Pulse from Benzinga Insights

April 22, 2024 | 2:00 pm

WT

WisdomTree (NYSE:WT) has received diverse analyst ratings in the last three months, with a shift towards more bullish sentiments. The average 12-month price target for WT has increased by 14.49% to $11.38. Analyst actions include both upgrades and downgrades, reflecting changing market dynamics and company performance. WisdomTree's financials show solid revenue growth but below-average profitability and ROE, with a prudent debt management strategy.

Portfolio Pulse from Benzinga Insights

April 22, 2024 | 2:00 pm