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GILD

GLPG

Bank of America Securities downgrades Galapagos NV (NASDAQ:GLPG) to underperform, citing a slow pipeline progress, lack of near-term catalysts, and entry into crowded markets. The firm lowered its price target from $41 to $31. Galapagos faces challenges with its primary cancer pipeline, significant cash depletion, and risks from acquiring early-stage assets. Despite aiming for a swift 7-day manufacturing turnaround for its CAR-T treatments, competitors like Gilead Sciences Inc (NASDAQ:GILD) are also improving their processes, reducing Galapagos' commercial opportunity.

Portfolio Pulse from Vandana Singh

April 01, 2024 | 6:37 pm

DJT

Trump Media & Technology Group Corp (NASDAQ:DJT) shares fell after disclosing a $58.19 million net loss for 2023 and warning of continued losses. Despite a successful merger with Digital World and a market cap of nearly $7 billion, the company's financial struggles include a significant interest expense and a decrease in cash reserves. Trump Media anticipates ongoing operating losses as it aims to grow its user base and attract more advertisers, relying on the appeal of the Truth Social Platform. Trump owns 57.3% of the shares, a significant portion of his net worth, with potential to receive more shares if stock targets are met.

Portfolio Pulse from Adam Eckert

April 01, 2024 | 6:33 pm

CXAI

EIGR

NVVE

VSTE

ZPTA

Nuvve Holding Corp. shares plummeted by approximately 30% after reporting Q4 financial results significantly below market expectations. Other stocks experienced notable movements, with Vast Renewables and CXApp Inc. leading the gainers, while Eiger BioPharmaceuticals and Andretti Acquisition Corp. were among the biggest losers.

Portfolio Pulse from Avi Kapoor

April 01, 2024 | 6:31 pm

TSM

A significant number of investors have shown interest in Taiwan Semiconductor (NYSE:TSM) options, with a mix of bearish and bullish sentiments. Benzinga's options scanner revealed 74 unusual trades, indicating a split sentiment with 48% bullish and 51% bearish. The trades include 21 puts and 53 calls, with a focus on a price range of $90.0 to $200.0 for TSM. The largest trades include both calls and puts with varying sentiments and strike prices. Taiwan Semiconductor, a leading chip foundry with a substantial market share, has seen its stock price increase by 3.23% to $140.44. The company is approaching its next earnings report in 17 days, with an analyst from Bernstein maintaining an Outperform rating and a target price of $150.

Portfolio Pulse from Benzinga Insights

April 01, 2024 | 6:31 pm

AR

Antero Resources (NYSE:AR) has significantly outperformed the market with an average annual return of 26.71% over the past 5 years, turning a $100 investment into $348.81 today. The company currently has a market capitalization of $8.93 billion.

Portfolio Pulse from Benzinga Insights

April 01, 2024 | 6:30 pm

MSI

Motorola Solutions (NYSE:MSI) has significantly outperformed the market with an average annual return of 31.69% over the past 20 years, turning a $1000 investment into $241,095.90. The company's market capitalization stands at $58.48 billion.

Portfolio Pulse from Benzinga Insights

April 01, 2024 | 6:30 pm

BLRX

BioLineRx shares are trading lower following the announcement of a $6 million registered direct offering.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 6:28 pm

IRON

Raymond James analyst Danielle Brill downgrades Disc Medicine (NASDAQ:IRON) from Strong Buy to Outperform and lowers the price target from $75 to $40.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 6:25 pm

SBEV

Splash Beverage's stock trades lower following the announcement of CFO Stacy McLaughlin's resignation.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 6:23 pm

MOAT

NUMG

TRU

Bank of America Securities analyst Heather Balsky upgraded TransUnion (NYSE:TRU) to Neutral from Underperform and increased the price target to $90 from $65, citing a steadier consumer lending environment and potential sales growth in 2024 across international, insurance, and mortgage sectors. Balsky anticipates less uncertainty in consumer lending and a positive outlook with expected Fed rate cuts. TransUnion's shares saw a slight decrease of 0.41% to $79.47. Investors can also gain exposure to TransUnion through VanEck Morningstar Wide Moat ETF (BATS:MOAT) and Nuveen ESG Mid-Cap Growth ETF (BATS:NUMG).

Portfolio Pulse from Lekha Gupta

April 01, 2024 | 6:20 pm