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U.S. stocks were mostly lower on Monday, with the Dow Jones index falling around 0.2%. However, several stocks saw significant gains. Aaron's shares rose 32.2% after announcing an acquisition by IQVentures Holdings. Xponential Fitness, Lexicon Pharmaceuticals, Mirum Pharmaceuticals, United Homes Group, Ouster, Lufax Holding, Primo Water, Golar LNG, Autodesk, and Wayfair also recorded notable gains.

Portfolio Pulse from Avi Kapoor

June 17, 2024 | 1:59 pm

VRNOF

Verano Holdings Corp. (Cboe CA: VRNO) (OTCQX: VRNOF) has announced a $50 million share repurchase program for its class A subordinate voting shares listed on Cboe Canada. The program aims to support the stock and return cash to shareholders, with purchases to be made over a 12-month period ending June 13, 2025. The company emphasizes its commitment to operational excellence and capital discipline.

Portfolio Pulse from Nina Zdinjak

June 17, 2024 | 1:56 pm

CELH

PEP

Celsius Holdings Inc (NASDAQ:CELH) shares are trading lower due to multiple downward price target revisions from analysts, following an inventory reduction from PepsiCo Inc (NASDAQ:PEP). Despite maintaining positive ratings, analysts from Roth MKM, Morgan Stanley, Stifel, Wedbush, Jefferies, and TD Cowen have all lowered their price targets for Celsius Holdings.

Portfolio Pulse from Adam Eckert

June 17, 2024 | 1:56 pm

AVTE

Aerovate Therapeutics Inc (NASDAQ:AVTE) announced that its Phase 2b trial for AV-101, a treatment for pulmonary arterial hypertension, did not meet its primary or secondary endpoints. As a result, the company is halting further trials. The stock plummeted 90.6% on high trading volume.

Portfolio Pulse from Vandana Singh

June 17, 2024 | 1:52 pm

AGRI

AgriFORCE Growing Systems Ltd. (NASDAQ:AGRI) shares surged 17% after announcing a $1 million share repurchase program. The company also received a patent for its Automated Growing Systems, adding value to its technology portfolio. Heavy trading volume was observed following the announcement.

Portfolio Pulse from Erica Kollmann

June 17, 2024 | 1:50 pm

IPW

IPower shares have resumed trading after a temporary halt. This development is significant for investors as it may impact the stock's short-term price movements.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 1:49 pm

NFLX

Recent options activity for Netflix (NASDAQ:NFLX) shows a predominantly bearish sentiment among significant investors, with 75% of trades being bearish. The price target for NFLX ranges from $350 to $670. Analysts have mixed ratings, with an average target price of $708. The stock is currently trading at $670.43, up by 0.16%, and may be approaching overbought territory.

Portfolio Pulse from Benzinga Insights

June 17, 2024 | 1:47 pm

LLY

Deep-pocketed investors are showing significant interest in Eli Lilly and Co (NYSE:LLY) options, with a notable increase in bullish activity. The options activity suggests a potential price movement, with a focus on a price band between $430.0 and $1000.0. Analysts have mixed ratings, with an average price target of $909.0.

Portfolio Pulse from Benzinga Insights

June 17, 2024 | 1:47 pm

IPW

IPower shares were halted on a circuit breaker due to a significant price movement. The stock is now down by 35.5%.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 1:44 pm

ABR

Viceroy Research has issued a report on Arbor Realty Trust titled 'Arbor Realty Trust – Letter to Citizens Financial Group'. The report could potentially impact Arbor Realty Trust's stock price.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 1:43 pm