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Stock Prices

ULS

UL Solutions has set its IPO price at $28 per share, issuing 33.8 million shares. Early trading indicates a price of $34 on 1.8 million shares.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 3:19 pm

C

Citi's CEO expressed cautious optimism about a potential measured reopening of the IPO market in the second quarter, as stated during a conference call.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 3:16 pm

WEN

TD Cowen analyst Andrew Charles has reiterated a Hold rating on Wendy's (NASDAQ:WEN) and maintained a $19 price target.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 3:15 pm

KMX

CarMax Inc (NYSE:KMX) shares fell in early trading on Friday following disappointing fiscal fourth quarter earnings. Analysts from Needham, RBC Capital Markets, and Mizuho Securities adjusted their expectations, with price targets reduced due to various concerns including Federal Reserve's interest rate policies and market challenges. Despite some positive indicators, such as share gains in three of the past five months and sequential comp sales improvement, analysts foresee continued top-line pressures and a delayed recovery in EPS growth.

Portfolio Pulse from Priya Nigam

April 12, 2024 | 3:12 pm

AAPL

GOOGL

META

MSFT

NVDA

QQQ

SPY

TSLA

The Market Clubhouse Morning Memo for April 12th, 2024, provides trading strategies for SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA, based on a proprietary formula considering price, volume, and options flow. The memo outlines potential price movements for these assets, suggesting levels for bullish and bearish scenarios. Additionally, it mentions the economic data releases and Federal Reserve members' speeches expected to influence the market, alongside promoting Market Clubhouse's services and special promotion.

Portfolio Pulse from RIPS

April 12, 2024 | 3:11 pm

GRAM

Gold Flora Corporation (OTC:GRAM), a woman-owned business in the California cannabis market, reported a strategic shift leading to an 11% revenue drop to $28.4 million in Q4 2023 but saw an increase in adjusted gross profit by 11.60% to $18.7 million and a positive adjusted EBITDA of $105,000. The company's focus on operational efficiency, including closing non-viable delivery depots and divesting an underperforming retail license, alongside a significant cultivation expansion and the launch of the Gramlin brand, aims to boost in-house sales and operational efficiency. Gold Flora's stock, priced at $0.33 with a 52-week range of $0.08-$0.66, is considered to have growth potential based on its valuation metrics and strategic positioning in the competitive California cannabis landscape.

Portfolio Pulse from Nicolás Jose Rodriguez

April 12, 2024 | 3:10 pm

MSFT

Sam Altman, CEO of OpenAI, has been engaging with Fortune 500 executives to showcase OpenAI's AI services, including ChatGPT Enterprise, directly competing with Microsoft (NASDAQ:MSFT), their main investor. Meetings in major cities have attracted over 100 senior executives each, discussing applications in finance, healthcare, and energy. OpenAI emphasizes direct collaboration benefits over Microsoft's Azure platform services. OpenAI's valuation hit $86 billion, nearing a $1 billion revenue goal for 2024, with over 600,000 users for ChatGPT Enterprise and Team.

Portfolio Pulse from Michael Cohen

April 12, 2024 | 3:07 pm

EZGO

EZGO Technologies shares surged following the announcement of a $1.84 million procurement agreement for the sale of twelve security patrol robots and one intelligent patrol platform.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 3:04 pm

RNDRUSD

Render's cryptocurrency (RNDR) has seen a 3.57% decrease in price over the last 24 hours, continuing a negative trend with a 7.0% loss over the past week. The trading volume has decreased by 45.0%, while the circulating supply increased by 0.21%. Currently, RNDR's market cap ranks #41 at $3.29 billion.

Portfolio Pulse from Benzinga Insights

April 12, 2024 | 3:03 pm

HBARUSD

Cryptocurrency Hedera (HBAR) experienced a 4.06% price decrease over the last 24 hours, marking a continuation of its 7% decline over the past week. The trading volume for HBAR has decreased by 9%, while its circulating supply increased by 5.55%, reaching 35.73 billion coins. This represents 71.47% of its maximum supply. Currently, Hedera's market cap is ranked #39, valued at $3.41 billion.

Portfolio Pulse from Benzinga Insights

April 12, 2024 | 3:02 pm