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Stock Prices

GOEV

Trading for GOEV was halted and then resumed at 8:55 AM ET, with updates on quotation resumption times provided.

Portfolio Pulse from Benzinga Newsdesk

March 08, 2024 | 1:55 pm

CDRO

CVNA

KMX

As of March 8, 2024, Carvana Co. (CVNA), Codere Online Luxembourg, S.A. (CDRO), and CarMax, Inc. (KMX) in the consumer discretionary sector are considered overbought based on their RSI values, indicating potential short-term performance issues. CVNA and CDRO have seen significant stock gains over the past month, while KMX also showed growth but to a lesser extent.

Portfolio Pulse from Avi Kapoor

March 08, 2024 | 1:54 pm

ABOS

Acumen Pharmaceuticals shares surged following the presentation of biomarker data from the ACU193 Phase 1 INTERCEPT-AD trial at the International Conference on Alzheimer's and Parkinson's Diseases.

Portfolio Pulse from Benzinga Newsdesk

March 08, 2024 | 1:52 pm

ORCL

Oracle Corporation (NYSE:ORCL) is anticipated to release its Q3 earnings on March 11, 2024, with expected earnings of $1.38 per share and projected revenue of $13.31 billion. The company, having been selected by SmarTone Telecommunications for a system upgrade, offers a dividend yield of 1.40%. To earn $500 monthly from dividends, an investment of approximately $429,525 is required. Oracle's stock price recently increased by 2% to close at $114.54.

Portfolio Pulse from Avi Kapoor

March 08, 2024 | 1:50 pm

GORV

Lazydays Holdings, Inc (NASDAQ:GORV) reported a Q4 revenue decline of 18.7% Y/Y to $198.03 million, missing analyst expectations of $228.02 million. Adjusted EPS showed a loss of $(1.09), also below the consensus of $(0.66). Both new and pre-owned vehicle retail revenues fell, with a notable 27.9% drop in new vehicle sales. The company faced a consolidated gross margin decrease and recorded a $118.0 million non-cash goodwill impairment charge. Despite a challenging Q4, Lazydays anticipates a pre-tax loss in Q1 but expects to return to profitability and achieve positive net income and operational cash flow in 2024. GORV shares rose 4.12% to $3.79 following the announcement.

Portfolio Pulse from Anusuya Lahiri

March 08, 2024 | 1:49 pm

BA

Boeing Company (NYSE:BA) stock has triggered a Death Cross, indicating bearish sentiments. The stock is down 22% YTD, following a series of negative events including a 737 door blow-off incident, grounding of 737 Max 9s, lawsuits, and regulatory scrutiny for quality control and arms exports violations. The Death Cross, where the 50-day SMA falls below the 200-day SMA, suggests potential further declines. Investors are advised to be cautious and reevaluate their positions in light of these challenges.

Portfolio Pulse from Surbhi Jain

March 08, 2024 | 1:48 pm

RGNX

Regenxbio's stock (RGNX) experienced a price increase following an upgrade by RBC Capital from Sector Perform to Outperform, along with a raised price target from $20 to $35.

Portfolio Pulse from Benzinga Newsdesk

March 08, 2024 | 1:48 pm

TXT

Textron's stock (TXT) experienced a rise after Bank of America Securities upgraded its rating from Neutral to Buy and increased its price target from $85 to $105.

Portfolio Pulse from Benzinga Newsdesk

March 08, 2024 | 1:47 pm

MTN

B of A Securities analyst Shaun Kelley downgraded Vail Resorts (NYSE:MTN) from Buy to Neutral and reduced the price target from $285 to $250, indicating a more cautious outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

March 08, 2024 | 1:46 pm

AVGO

BC

GE

MRVL

Top Wall Street analysts have updated their price targets and ratings for several US-listed companies, leading to positive stock movements for most. Notable mentions include Broadcom, Brunswick Corporation, Marvell Technology, and General Electric, among others, with upgrades and increased price targets reflecting optimistic outlooks.

Portfolio Pulse from Avi Kapoor

March 08, 2024 | 1:45 pm