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BUD

Anheuser-Busch Inbev SA (NYSE:BUD) stock fell by 5.45% to $61.03 after Altria Group Inc (NYSE:MO) announced plans to sell a portion of its investment in BUD through a global secondary offering. The sale includes public offerings in the US and other countries, a private placement in Europe and the UK, and a direct repurchase of $200 million of shares by ABI from Altria. Altria, holding about 10% of ABI, is offering 35 million ordinary shares, with the proceeds aimed at additional share repurchases of Altria's common stock.

Portfolio Pulse from Henry Khederian

March 14, 2024 | 3:57 pm

BBW

Build-A-Bear Workshop, Inc. (NYSE:BBW) shares surged after reporting Q4 earnings of $1.34 per share, surpassing Wall Street expectations of $1.32. However, revenue of $149.278 million slightly missed the forecast of $150.45 million. The company saw a 2.9% year-over-year sales increase but a 8.8% decline in e-commerce demand. It added 14 new locations, ended the year with 525 global locations, and declared an initial quarterly dividend of $0.20 per share. FY24 outlook includes low-to-mid single-digit revenue growth and at least 50 new experience locations.

Portfolio Pulse from Nabaparna Bhattacharya

March 14, 2024 | 3:57 pm

SNAP

Snap shares are trading lower after a recent gain due to the House passing a TikTok crackdown bill. The decline may also be attributed to Steven Mnuchin forming an investor group to buy TikTok, potentially impacting Snap's competitive landscape.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 3:54 pm

BTCUSD

ETHUSD

Cryptocurrency shares are trading lower due to a larger-than-expected increase in the US Producer Price Index (PPI), indicating potential inflationary pressures that could affect monetary policy and interest rates, thereby impacting the attractiveness of cryptocurrencies as an investment.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 3:48 pm

BITF

BKKT

BTDR

CAN

CIFR

CLSK

COIN

HUT

MARA

RIOT

SDIG

WULF

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 3:47 pm

ARM

ARM Holdings (NASDAQ:ARM) has seen significant options trading activity, with a mix of bearish and bullish sentiments among big-money investors. The trading volume and open interest suggest a price band focus between $80.0 and $180.0. ARM's current stock price is $130.2, down by -0.82%, with a neutral RSI. Analysts have mixed opinions, with target prices ranging from $110 to $180. The company is a major player in smartphone CPU cores and licenses its architecture to clients like Apple and Qualcomm.

Portfolio Pulse from Benzinga Insights

March 14, 2024 | 3:46 pm

UHG

United Homes Group's shares are trading lower following a report of a year-over-year decrease in Q4 earnings per share (EPS) results.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 3:45 pm

MSTR

MicroStrategy announced a proposed private offering of $500 million of convertible senior notes due 2031, leading to a decrease in its share price. Additionally, a drop in Bitcoin has caused a pullback in crypto-related stocks.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 3:40 pm

WSM

RBC Capital analyst Steven Shemesh has maintained an Outperform rating on Williams-Sonoma (NYSE:WSM) and increased the price target from $261 to $295. This adjustment reflects a positive outlook on the company's future performance.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 3:37 pm

LNT

Alliant Energy (NYSE:LNT) has seen a 6.05% increase in its short percent of float since the last report, with 5.07 million shares sold short, representing 2.28% of its available shares. This increase in short interest, which now requires an average of 2.81 days to cover, may indicate a more bearish market sentiment towards LNT. However, compared to its peers, LNT has a lower short interest percentage of 2.68%, suggesting a relatively stronger position.

Portfolio Pulse from Benzinga Insights

March 14, 2024 | 3:30 pm