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Stock Prices

CAVA

Deep-pocketed investors have shown a bearish sentiment towards Cava Group (NYSE:CAVA), with options trading indicating a divided mood but leaning more towards bearish with 58% against 41% bullish. The options market activity suggests targeting a price range of $45.0 to $75.0 for CAVA over the last 3 months. Current trading volume is 1,159,242 with a slight increase in price by 0.43%, now at $63.05. Analysts have varying opinions with an average target price of $60.0, with ratings ranging from Neutral to Overweight.

Portfolio Pulse from Benzinga Insights

March 12, 2024 | 4:30 pm

ANET

Arista Networks (NYSE:ANET) has significantly outperformed the market with an average annual return of 29.96% over the past 5 years, turning a $1000 investment into $3,738.31 today. The company's market capitalization stands at $85.30 billion.

Portfolio Pulse from Benzinga Insights

March 12, 2024 | 4:30 pm

BJ

BJ's Wholesale Club (NYSE:BJ) has significantly outperformed the market over the past 5 years, achieving an annualized return of 23.39%. A $100 investment in BJ stock 5 years ago would be worth $288.83 today. The company currently has a market capitalization of $9.78 billion.

Portfolio Pulse from Benzinga Insights

March 12, 2024 | 4:30 pm

SNN

Smith & Nephew Plc (NYSE:SNN), a British MedTech firm, plans to overhaul its executive pay structure to align with U.S. standards, aiming to address high executive turnover and align compensation with its U.S. counterparts. This move is part of a broader trend among U.K. listed companies with significant overseas revenues, seeking to attract global talent and maintain competitiveness. The company has experienced four CEOs in the past five years due to executive compensation issues. SNN shares are up 0.37% at $28.04.

Portfolio Pulse from Vandana Singh

March 12, 2024 | 4:26 pm

DAL

LUV

Delta Air Lines, Inc. (NYSE:DAL) shares dropped after the company provided an update on its financial outlook, expecting to hit the top half of its initial revenue growth guidance for the March quarter. Despite this, Delta reiterated its FY24 earnings forecast and provided details on its adjusted debt to EBITDA ratio. Meanwhile, Southwest Airlines Co (NYSE:LUV) also adjusted its first-quarter guidance due to operational challenges, impacting its stock.

Portfolio Pulse from Nabaparna Bhattacharya

March 12, 2024 | 4:25 pm

JFBR

Jeffs' Brands shares are trading lower following the announcement of preliminary unaudited financial results for Fort Products starting from March 9, 2023.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 4:21 pm

ANAB

AnaptysBio's stock price increased following an upgrade from Neutral to Outperform by Wedbush.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 4:19 pm

UVE

Universal Insurance Holdings announced a $20 million share repurchase authorization, leading to an increase in its share price.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 4:18 pm

PBR

Petrobras Brasileiro (NYSE:PBR) decided to withhold a proposed extra dividend, initially set at 50% of a potential 44 billion reais ($8.8 billion), following a vote by government-appointed board members. This decision, which surprised investors expecting an extraordinary dividend of $3 billion or more, is now under reconsideration for future disbursement. Brazilian President Luiz Inacio Lula da Silva's government is also planning to revise reserve rules for reinvestment purposes. Despite this, Petrobras reported sales of $27.11 billion, slightly beating consensus but with earnings per ADS missing expectations. PBR shares rose 2.13% to $14.87.

Portfolio Pulse from Lekha Gupta

March 12, 2024 | 4:16 pm

GERN

Geron's stock price dropped following reports that FDA staff reviewers have raised concerns about the substantial risks associated with its anemia drug, Imetelstat.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 4:12 pm