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Stock Prices

FBTC

GBTC

Bitcoin spot ETFs, particularly Fidelity's Bitcoin spot ETF (FBTC), saw a significant net inflow of $417 million, with FBTC alone attracting $279 million. In contrast, Grayscale Bitcoin Trust (GBTC) experienced a net outflow of $212 million. Despite these inflows, Bitcoin's price did not increase, leading to speculation about market sentiment and future price movements. Analysts suggest this could indicate a market consolidation period or the end of a FOMO phase.

Portfolio Pulse from Murtuza Merchant

March 27, 2024 | 3:37 pm

BLUE

RBC Capital analyst Luca Issi has reiterated a 'Sector Perform' rating on bluebird bio (NASDAQ:BLUE) and maintained a price target of $6.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 3:36 pm

EXR

Extra Space Storage's stock (EXR) is trading higher following Barclays' initiation of coverage with an Overweight rating and a $157 price target.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 3:32 pm

SLG

SL Green Realty's stock price increased following an upgrade by Barclays from Underweight to Equal-Weight and a raise in the price target from $35 to $48.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 3:32 pm

DVN

Deep-pocketed investors have shown a bearish sentiment towards Devon Energy (NYSE:DVN), with options trading data from Benzinga indicating a significant move. The data reveals a 70% bearish and 30% bullish split among investors, with notable options activities including 6 puts and 4 calls. The trading volumes and open interest suggest a focus on a price band between $44.0 and $52.5 for DVN. The company, a major player in North American exploration and production, has seen its stock price increase by 0.72% to $49.14, despite indications of being potentially overbought. Analysts have set an average target price of $58.33 for DVN, with ratings ranging from Buy to Sector Perform.

Portfolio Pulse from Benzinga Insights

March 27, 2024 | 3:31 pm

DE

Investors have shown a mixed sentiment towards Deere (NYSE:DE), with options trading indicating both bullish and bearish positions. Benzinga's options scanner revealed 24 unusual trades, with a split sentiment of 45% bullish and 54% bearish. The trades focus on a price range between $310.0 and $480.0 for Deere. The largest trades include both calls and puts, with significant amounts invested. Deere, a leading agricultural equipment manufacturer, has seen its stock price increase by 0.47% to $398.9, though it may be overbought according to current RSI values. An analyst from Truist Securities has set a price target of $494.0 for Deere.

Portfolio Pulse from Benzinga Insights

March 27, 2024 | 3:31 pm

PH

Over the past 20 years, Parker Hannifin (NYSE:PH) has produced an average annual return of 14.11%, outperforming the market by 6.28% on an annualized basis. A $100 investment in PH 20 years ago would be worth $1,419.90 today. Parker Hannifin's market capitalization currently stands at $70.52 billion.

Portfolio Pulse from Benzinga Insights

March 27, 2024 | 3:30 pm

ON

ON Semiconductor (NASDAQ:ON) has significantly outperformed the market with an average annual return of 22.89% over the past 10 years, turning a $100 investment into $790. The company's market capitalization stands at $31.73 billion.

Portfolio Pulse from Benzinga Insights

March 27, 2024 | 3:30 pm

QS

QuantumScape's stock is trading higher following the announcement that the company has begun shipping its Alpha-2 prototype battery cells to customers. This development is seen as a significant step forward for QuantumScape in its efforts to commercialize its solid-state battery technology.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 3:22 pm

EA

GME

MSFT

TTW

GameStop Corporation (NYSE:GME) reported a disappointing fourth quarter, missing both revenue and earnings estimates, as the shift to digital downloads and cloud gaming, notably by Microsoft Corporation (NASDAQ:MSFT), continues to impact its business. The company's efforts to cut costs and exit international markets have not yet resulted in a sustainable profitability turnaround. The gaming industry's broader challenges, including competition from e-commerce and reduced consumer spending, also affect other publishers like Take-Two Interactive Software Inc (NASDAQ:TTW) and Electronic Arts Inc (NASDAQ:EA).

Portfolio Pulse from Upwallstreet

March 27, 2024 | 3:19 pm