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LCID

Lucid Group Inc (NASDAQ:LCID) reported Q4 financial results with revenue of $157.2 million, missing estimates, but a smaller loss per share than expected. The company produced 2,391 vehicles and delivered 1,734 in Q4, and issued a full-year production guidance of approximately 9,000 vehicles. Following the report, Lucid shares fell 16.8% to $3.08. Analysts from Cantor Fitzgerald and B of A Securities adjusted their price targets on Lucid Group, with Cantor Fitzgerald also downgrading the stock.

Portfolio Pulse from Avi Kapoor

February 22, 2024 | 5:40 pm

DGICB

FIHL

GOCO

HRTG

LMND

MHLD

SKWD

In Thursday's intraday session, the insurance industry saw notable movements with Fidelis Insurance Hldgs, Heritage Insurance Hldgs, Skyward Specialty, Donegal Gr, Lemonade, and GoHealth recording gains, while Maiden Hldgs, Tian Ruixiang Holdings, Cheche Group, Waterdrop, Ambac Financial Group, and Kingsway Financial Servs experienced declines. Skyward Specialty and Donegal Gr's movements were influenced by their Q4 earnings releases.

Portfolio Pulse from Benzinga Insights

February 22, 2024 | 5:40 pm

SHYF

The Shyft Group, Inc. (NASDAQ:SHYF) shares rose after reporting Q4 adjusted EPS of $(0.03), beating analyst expectations of $(0.04) loss. Quarterly sales of $202.333 million also surpassed estimates, despite a 33% year-over-year decline. The company's backlog decreased by 50.9% year over year, with significant drops in Fleet Vehicles and Services and Specialty Vehicles sales. The FY24 sales outlook is set between $850 million to $900 million, with adjusted EPS projected at $0.28 to $0.51, slightly below the $0.50 estimate. SHYF shares increased by 4.14% to $11.46.

Portfolio Pulse from Nabaparna Bhattacharya

February 22, 2024 | 5:40 pm

CCL

CUK

NCLH

RCL

Cruise stocks are trading higher after Royal Caribbean Group announced an increase in its 2024 guidance, citing demand and bookings exceeding expectations. This positive outlook has influenced the broader cruise sector, including Carnival Corporation & plc and Norwegian Cruise Line Holdings Ltd.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 5:39 pm

EDR

FYBR

GOOG

LBRDK

RBLX

ROKU

TME

TTWO

WBD

Today's session highlighted significant options activity for 10 communication services stocks, indicating potential trading opportunities based on whale alerts. These alerts track large transactions and can signal shifts in market sentiment. The stocks involved include WBD, FYBR, GOOG, LBRDK, TME, EDR, ROKU, RBLX, VZ, and TTWO, with various sentiments ranging from bullish to bearish, and neutral positions. The activity involves both call and put options with varying expiration dates, strike prices, and total trade prices.

Portfolio Pulse from Benzinga Insights

February 22, 2024 | 5:35 pm

AMZN

BABA

IRBT

RIVN

TSLA

Today's session highlighted significant options activity in the Consumer Discretionary sector, with notable trades in AMZN, IRBT, RIVN, TSLA, BABA, WING, PLCE, VSCO, JD, and MELI. The activity ranged from bullish to bearish sentiments, involving both call and put options with varying expiration dates and strike prices. This unusual activity could indicate potential trading opportunities.

Portfolio Pulse from Benzinga Insights

February 22, 2024 | 5:35 pm

AMD

COMM

CRWD

MARA

MRVL

NVDA

QCOM

SMCI

SNPS

WULF

Today's session highlighted significant whale activity in the options market for 10 Information Technology stocks, indicating potential trading opportunities. Notable activities include neutral to bullish sentiments on call options and bearish sentiments on put options for various expiration dates and strike prices. Companies like NVDA, SMCI, AMD, MRVL, QCOM, MARA, COMM, SNPS, CRWD, and WULF saw considerable options trading, suggesting investor interest in these stocks' future movements.

Portfolio Pulse from Benzinga Insights

February 22, 2024 | 5:35 pm

DOGEUSD

SHIBUSD

'Shiba Inu Killer' WIF has surged over 7,500% in less than three months, with predictions of further explosive growth. Cryptocurrency analyst Bluntz believes WIF will break the $0.50 resistance level, entering 'turbo parabolic' growth and challenging dog-themed coins like Dogecoin and Shiba Inu. WIF's rise signifies a shift in the memecoin sector, attracting new investors and challenging established coins. The total value of memecoins is $22.6 billion, with new entrants like Bonk and Pepe gaining traction.

Portfolio Pulse from Murtuza Merchant

February 22, 2024 | 5:33 pm

FTEL

LCID

RIVN

In Thursday's intraday session, several consumer discretionary stocks showed significant movement. Fitell, GigaCloud Tech, Golden Heaven Group Holdings, Codere Online Luxembourg, Installed Building Products, and Jumia Technologies were among the gainers, with increases ranging from 10.73% to 30.1%. On the downside, Rivian Automotive, Lucid Group, BowFlex, Standard Motor Products, Yunji, and REE Automotive experienced declines between 10.97% and 25.4%. Notably, earnings reports influenced some of these movements.

Portfolio Pulse from Benzinga Insights

February 22, 2024 | 5:31 pm

AMLX

CLDI

MNPR

MOTS

SNES

SNPX

Health care stocks experienced significant movements in Thursday's intraday session. Monopar Therapeutics and Calidi Biotherapeutics led the gainers with over 75% increases in their stock prices, while Synaptogenix and Motus GI Holdings were among the top losers, with over 20% declines. Notably, Amylyx Pharma and SenesTech released their Q4 earnings, influencing their stock movements.

Portfolio Pulse from Benzinga Insights

February 22, 2024 | 5:31 pm