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Stock Prices

NYCB

New York Community Bancorp Inc (NYSE:NYCB) shares plummeted following reports the bank is seeking a capital infusion through a potential equity sale. The stock was halted multiple times after The Wall Street Journal reported the bank's efforts to shore up confidence. Concerns arose after weak financial results, a dividend cut, and fears over commercial real-estate loan losses. The situation worsened with Moody's downgrading the bank's ratings to junk and the replacement of its CEO and board director.

Portfolio Pulse from Adam Eckert

March 06, 2024 | 6:40 pm

APEI

American Public Education Inc (NASDAQ:APEI) shares surged after B.Riley Securities analyst Raj Sharma upgraded the price target from $12 to $15, following Q4/FY23 results that exceeded expectations. The company reported a 4Q revenue of $152.8 million and adjusted EBITDA of $25.7 million, surpassing the Street's view. Enrollment trends varied across its divisions, with APUS and HCN showing positive momentum, while RU faced a decline. Analysts from Barrington Research and Truist Securities also raised their price targets to $15, contributing to a 34.78% increase in APEI shares to $15.32.

Portfolio Pulse from Shivani Kumaresan

March 06, 2024 | 6:39 pm

S

SentinelOne (NYSE:S) has seen significant options trading activity, with a bullish sentiment prevailing among investors. Analysis of 14 trades reveals a majority bullish outlook, with 64% of trades being bullish and 35% bearish. The trading activity focuses on a price band between $23.0 and $37.0. The largest trades include both bullish and bearish sentiments, with notable trades aiming for strike prices up to $37.00. SentinelOne, a cloud-based cybersecurity firm, has seen its stock price increase by 6.51% to $27.16. Analysts have set an average price target of $31.67, with ratings ranging from Buy to Neutral.

Portfolio Pulse from Benzinga Insights

March 06, 2024 | 6:31 pm

BCH

Bitcoin Cash (BCH) experienced a 2.2% increase to $411.32, influenced by a broader cryptocurrency market rally led by Bitcoin reaching a new all-time high of over $69,000. This surge is attributed to positive sentiment towards Bitcoin, which often boosts confidence in other cryptocurrencies. Additionally, Bitcoin's new milestone has led to a significant inflow of capital into Bitcoin spot ETFs, totaling $648 million on March 5th, reflecting growing investor confidence in the cryptocurrency market.

Portfolio Pulse from Henry Khederian

March 06, 2024 | 6:30 pm

PLUG

Plug Power, Inc. (NASDAQ:PLUG) reported fiscal year 2023 results with losses of $2.30 per share and sales of $891.34 million, missing analyst consensus estimates. Despite the initial drop in stock price following the earnings report, PLUG shares have recovered, rising over 18% since Monday. Analysts from Evercore ISI Group, Canaccord Genuity, and Craig-Hallum have updated their coverage on PLUG, adjusting their price targets.

Portfolio Pulse from Erica Kollmann

March 06, 2024 | 6:27 pm

PFE

Pfizer Inc (NYSE:PFE) shares are trading higher, rebounding after hitting 11-year lows earlier this week. The stock's recovery is attributed to Josh Brown of Ritholtz Wealth Management highlighting Pfizer as the best market opportunity on CNBC, citing its all-in strategy on vaccines during the COVID-19 pandemic and its recent acquisition of Seagen with significant future potential. Brown has increased his position in Pfizer by 50% and may buy more on any weakness.

Portfolio Pulse from Adam Eckert

March 06, 2024 | 6:24 pm

DADA

Dada Nexus Limited (NASDAQ:DADA) announced overstated revenues and associated costs in past financial statements, leading to the resignation of its president, Jeff Huijian He. The company reported overstated net revenues and operations costs for several quarters in 2022 and 2023. Following this, New Street Research downgraded DADA from Buy to Neutral with a $2 price target. Despite these issues, DADA shares are up 28.7% at $2.53.

Portfolio Pulse from Erica Kollmann

March 06, 2024 | 6:23 pm

GRFS

Grifols SA (NASDAQ:GRFS) faces a new short report from Gotham City Research, questioning the company's transparency, integrity, and ethical conduct. The report challenges Grifols' financial representations, particularly around a €321 million 'cash pooling financing arrangement', alleging misleading information about lending activities. This follows previous accusations by Gotham City of account manipulation to artificially lower leverage, leading to an ECB inquiry into lenders' exposure to Grifols. Shares of Grifols dropped 12.15% to $5.43 following the report's publication.

Portfolio Pulse from Vandana Singh

March 06, 2024 | 6:21 pm

NXL

Nexalin Technology's stock is trading higher following the announcement of positive clinical study results for its Gen-2 tACS device, aimed at treating chronic insomnia.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 6:20 pm

CRWD

CSCO

MSFT

CrowdStrike Holdings Inc (NASDAQ:CRWD) exceeded Q4 estimates with a 33% YoY revenue increase to $845 million and reported a net income of $54 million. The company provided a strong outlook for the next quarter and fiscal year, with revenue expected between $902 million and $906 million. CrowdStrike's acquisition of Flow aims to expand its cloud security reach. Competitors like Microsoft and Cisco are also enhancing their cybersecurity capabilities, with Cisco introducing an AI security assistant.

Portfolio Pulse from Upwallstreet

March 06, 2024 | 6:20 pm