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CCTS

VVPR

VivoPower International PLC (VVPR) and Cactus Acquisition Corp. 1 Limited (CCTS) announced a merger agreement, with Tembo, a VivoPower subsidiary, merging into CCTS at an $838M equity value. CCTS will issue 83.8M shares at $10/share for Tembo shares. VivoPower shareholders will receive a dividend of Tembo Group shares, with the merger expected to close by August 2024. Chardan Capital Markets LLC is the financial advisor for the transaction.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 3:22 pm

MRVL

High-rolling investors have shown a bullish sentiment on Marvell Tech (NASDAQ:MRVL), with significant options trading activity indicating a targeted price range of $50.0 to $95.0. The trading volume and open interest trends suggest a keen interest in MRVL's options, with a mix of bullish and bearish sentiments among the trades. Marvell Technology, a leading fabless chip designer, is currently trading at $72.05, with a neutral RSI indicator and an earnings announcement expected in 51 days. Analysts have issued a consensus target price of $92.6 for MRVL, with varying ratings from Buy to Overweight.

Portfolio Pulse from Benzinga Insights

April 02, 2024 | 3:16 pm

BAC

Bank of America (NYSE:BAC) has seen a surge in options activity, with a bullish sentiment from investors. Analysis of 19 trades shows a preference for calls over puts, indicating expectations for the stock to rise. Significant investors target a price range of $28.0 to $41.0. Current trading volume is 8,833,622 with a slight price decrease of -0.28%, now at $37.41. Professional analysts have issued a consensus target price of $40.2, with ratings ranging from Underweight to Outperform.

Portfolio Pulse from Benzinga Insights

April 02, 2024 | 3:16 pm

NVO

Recent options trading activity for Novo Nordisk (NYSE:NVO) shows a bearish sentiment among investors, with 66% of trades being bearish. Significant trading activity has targeted a price range of $75.0 to $155.0 for NVO over the last 3 months. The company, a leader in diabetes-care products, has seen its stock price decrease by -1.98% to $125.03. Analysts have set an average target price of $160.0 for NVO, despite its current neutral RSI indicators and upcoming earnings release in 30 days.

Portfolio Pulse from Benzinga Insights

April 02, 2024 | 3:16 pm

DIVS

PAYX

UDI

Paychex, Inc. (NASDAQ:PAYX) reported a 4% year-over-year sales growth in Q3 FY24, missing analyst estimates. Adjusted EPS of $1.38 beat estimates. The company revised its FY24 revenue growth outlook to 5%-6% from the previously forecasted 6%-7%. Paychex is focusing on investments in data, analytics, and AI. Investors can gain exposure to Paychex through USCF ETF Trust USCF Dividend Income Fund (NYSE:UDI) and SmartETFs Dividend Builder ETF (NYSE:DIVS). PAYX shares slightly declined by 0.05% to $121.56.

Portfolio Pulse from Lekha Gupta

April 02, 2024 | 3:15 pm

SLNH

Soluna Holdings' stock price increased after the company reported its Q4 earnings.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 3:14 pm

MEG

Montrose Environmental Group's shares surged following an upward revision of its FY24 revenue and adjusted EBITDA forecasts.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 3:14 pm

SNAX

Stryve Foods' shares have declined due to the company reporting lower than expected revenue for the fourth quarter.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 3:10 pm

CXAI

CXApp shares are trading lower after a recent rally due to a partnership announcement with Google Cloud. The pullback follows the stock's significant gain on Monday.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 3:09 pm

UNIUSD

Uniswap's (CRYPTO: UNI) price has decreased by 7.9% over the past 24 hours to $11.43, continuing a weekly downward trend of -9.0%. The trading volume for UNI has increased by 31.0% over the past week, while its circulating supply decreased by 0.96%, now at 75.38% of its max supply. UNI's market cap ranking is currently #19 at $8.63 billion.

Portfolio Pulse from Benzinga Insights

April 02, 2024 | 3:03 pm