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CDTG

CDT Environmental Technology Investment Holdings (CDTG) shares have commenced trading, marking a significant event for the company and its investors.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 3:51 pm

CTRI

Centuri's IPO shares have commenced trading, with the initial public offering priced at $21 per share, covering a total of 12.4 million shares.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 3:50 pm

ALK

Alaska Air's executive mentioned uncertainty around aircraft delivery timings following a grounding, leading to the extension of retirements for several older aircraft. However, Q2 bookings are encouraging with healthy yields in April and beyond. The latter half of the year is expected to perform well due to industry capacity constraints.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 3:50 pm

NIO

Benzinga's options scanner revealed significant bullish activity on NIO (NYSE:NIO) with 70% of big-money traders showing a bullish sentiment. The analysis of options trades and open interest suggests a target price range of $2.5 to $25.0 for NIO. The company, a leading electric vehicle maker, has sold over 160,000 EVs in 2023, capturing about 2% of China's new energy vehicle market. Despite the bullish options activity, analysts have mixed views, with an average target price of $4.5, and recent downgrades from Barclays and Macquarie.

Portfolio Pulse from Benzinga Insights

April 18, 2024 | 3:48 pm

ET

Energy Transfer (NYSE:ET) has seen a notable increase in options trading activity, with a mix of bearish and bullish sentiment among high-rolling investors. Benzinga's options scanner revealed 11 significant trades, indicating a price target range of $10.0 to $15.5. The trading volume and open interest analysis suggest increased liquidity and interest in ET's options. The company's stock price recently increased by 2.3%, with a current price of $15.58. An earnings announcement is expected in 20 days, and an analyst from Mizuho has set a price target of $19 with a Buy rating.

Portfolio Pulse from Benzinga Insights

April 18, 2024 | 3:48 pm

TOON

Kartoon Studios Inc (NASDAQ:TOON) shares dropped 26% to $1.09 after announcing a direct offering of up to 7 million shares at $1.00 each and pre-funded warrants at $0.99, aiming to raise $7 million. The first tranche of 4 million shares will close around April 22, with an option for an additional 3 million shares. EF Hutton LLC is the placement agent for the offering.

Portfolio Pulse from Henry Khederian

April 18, 2024 | 3:47 pm

ALK

An executive from Alaska Air (ALK) stated during a conference call that they do not anticipate any reduction in corporate travel in Q2, suggesting a positive outlook for the company's business travel segment.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 3:44 pm

WISA

WiSA Technologies, Inc. (NASDAQ:WISA) shares dropped significantly after announcing a licensing agreement with a top-three consumer electronics leader for its WiSA E software, enabling immersive audio in devices without extra hardware. This agreement, expected to generate revenue through royalties and consumer activations, marks the company's fourth major licensing deal. Additionally, WiSA's stock underwent a 1-for-150 reverse split, trading lower by 33.4% at $6.17.

Portfolio Pulse from Nabaparna Bhattacharya

April 18, 2024 | 3:43 pm

ABOS

ELDN

Eledon Pharmaceuticals (ELDN) and Acumen Pharmaceuticals (ABOS) experienced increased trading volume following a TipRanks article suggesting both 'Strong Buy' penny stocks could see over 300% gains according to analysts.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 3:42 pm

JNJ

HSBC analyst Morten Herholdt upgrades Johnson & Johnson (JNJ) from Hold to Buy and increases the price target from $169 to $170.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 3:41 pm