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QNRX

Quoin Pharmaceuticals, Ltd. (NASDAQ:QNRX) shares surged after announcing FDA clearance to include teens in Netherton Syndrome clinical trials. The news led to a significant increase in trading volume, with shares up 84% at $5.09.

Portfolio Pulse from Erica Kollmann

March 04, 2024 | 3:19 pm

BTCUSD

PEPEUSD

Bitcoin (BTC) has surged past $66,000, nearing its all-time high of $69,044, with a significant trading volume and market cap increase. This rise is accompanied by a record high in futures market open interest and an overall cryptocurrency market cap reaching a new high of $2.8 trillion. Meme coins, particularly Pepecoin (PEPE), have seen dramatic increases, with Pepecoin rising by 30% in a day and over 370% in a week, outperforming other meme coins like Dogecoin and Shiba Inu.

Portfolio Pulse from Murtuza Merchant

March 04, 2024 | 3:18 pm

JOAN

Joann Inc (NASDAQ:JOAN) shares plummeted by 30.8% to $0.35 due to a Bloomberg report suggesting the company is considering bankruptcy to restructure its debt. The report indicates ongoing talks with lenders for a pre-packaged bankruptcy, aiming for a swift Chapter 11 exit. Joann's financial issues are attributed to liquidity problems and inventory management challenges in a difficult retail environment. The company is also seeking advice from financial advisory firms to manage high interest expenses and loan payments.

Portfolio Pulse from Henry Khederian

March 04, 2024 | 3:18 pm

MA

Deep-pocketed investors have shown a bearish sentiment towards Mastercard (NYSE:MA), with a significant move detected in options trading. Benzinga's tracking revealed 11 unusual options activities, with 9 puts and 2 calls, indicating a bearish outlook. The predicted price range for Mastercard is between $475.0 to $500.0. The trading volume and RSI indicators suggest Mastercard might be approaching overbought territory. An earnings announcement is expected in 52 days.

Portfolio Pulse from Benzinga Insights

March 04, 2024 | 3:18 pm

WFC

Smart money investors have shown a significant bearish stance on Wells Fargo (NYSE:WFC) through options trading, as detected by Benzinga's options scanner. A total of 8 unusual options trades were spotted, with a sentiment split of 25% bullish and 75% bearish. The trades include both puts and calls, with a notable volume and open interest in contracts aiming for a price window of $55.0 to $60.0. The current market position of WFC shows a slight decrease in stock price by -0.31%, trading at $54.89, and an anticipated earnings release in 39 days.

Portfolio Pulse from Benzinga Insights

March 04, 2024 | 3:18 pm

JOAN

JOANN shares are trading lower after reports emerged suggesting the company may soon file for bankruptcy.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 3:16 pm

CELH

Celsius Holdings' stock price increased following Wedbush's decision to maintain an Outperform rating and raise its price target from $75 to $90.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 3:16 pm

PHUN

Phunware shares experienced a significant surge, leading to a trading halt due to a circuit breaker trigger. The stock is currently up by 89.1%.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 3:14 pm

VIVK

Vivakor has entered into a merger agreement with Empire Energy Acquisition Corp. and Empire Diversified Energy, resulting in Empire becoming a wholly owned subsidiary of Vivakor. Empire's shareholders will receive 67.2M shares of Vivakor common stock, each valued at $1.00, according to an SEC filing reported on March 1, 2024.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 3:11 pm

HNNA

OCCI

Hennessy Advisors (NASDAQ:HNNA) announced a dividend payout of $0.14 per share with an annualized yield of 8.33%. Despite maintaining a steady dividend per share of $0.55 from 2020 to 2023, the company's earnings per share decreased from $1.06 to $0.63, indicating potential challenges in sustaining future dividends. Hennessy Advisors's dividend yield is in the middle range compared to its peers, with OFS Credit Co (NASDAQ:OCCI) having the highest yield at 16.46%.

Portfolio Pulse from Benzinga Insights

March 04, 2024 | 3:05 pm