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Stock Prices

UPS

Financial analysts have observed a significant bullish trend in the options market for United Parcel Service (NYSE:UPS), with a majority of trades leaning towards bullish sentiments. Analysis of recent options trades shows a preference for calls over puts, indicating expectations for UPS's stock price to rise within a target range of $145.0 to $175.0. The largest trades have been bullish call sweeps with expiration dates extending into 2024 and 2025. Despite a slight decline in UPS's stock price by -0.44% to $147.75, the market sentiment and trading volume suggest optimism about the company's future performance.

Portfolio Pulse from Benzinga Insights

February 20, 2024 | 5:15 pm

RAPT

Rapt Therapeutics' shares dropped following the FDA's verbal notification of a clinical hold on the company's Phase 2B trial of zelnecirnon in atopic dermatitis and Phase 2A trial in asthma.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 5:15 pm

AMD

NVDA

SOXL

SOXS

Nvidia (NVDA) and Direxion Daily Semiconductor Bull 3X Shares (SOXL) experienced significant drops ahead of Nvidia's Q4 earnings report, with NVDA falling about 6% and SOXL over 7%. The semiconductor sector's recent bull cycle, highlighted by Nvidia's performance and interest in AI, faces a potential shift as the S&P 500 shows signs of a local top. SOXL, which includes stocks like AMD and NVDA, is in a critical technical position, potentially indicating a broader sector pullback. Nvidia's upcoming earnings could influence the direction of tech stocks in the short term.

Portfolio Pulse from Melanie Schaffer

February 20, 2024 | 5:15 pm

FLR

Fluor Corporation's shares dropped following the announcement of their Q4 revenue results, which fell short of expectations.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 5:11 pm

SHOP

Shopify shares are trading lower due to a broader pullback in tech stocks after a period of market strength.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 5:11 pm

EXPD

Expeditors International of Washington, Inc. (EXPD) reported a significant decline in Q4 fiscal 2023 results with a 34% Y/Y revenue drop to $2.28 billion, missing the consensus of $2.31 billion. EPS fell 22% YoY to $1.09, below the consensus of $1.23. The company also saw a decrease in airfreight and ocean container volumes, alongside a 40% drop in operating income to $199.39 million. Despite these challenges, EXPD repurchased shares and amended its Discretionary Stock Repurchase Plan. The company cited market uncertainty, including the impact of the Covid-19 pandemic and conflicts in the Middle East, as factors affecting its performance.

Portfolio Pulse from Akanksha Bakshi

February 20, 2024 | 5:10 pm

AGRI

FLR

MEDS

MNPR

RAPT

SMMT

U.S. stocks traded lower with the Dow, Nasdaq, and S&P 500 all experiencing declines. The Conference Board's Leading Economic Index fell 0.4% for January. Monopar Therapeutics, AgriFORCE Growing Systems, and TRxADE HEALTH saw significant stock price increases due to positive company developments. Conversely, RAPT Therapeutics, Summit Therapeutics, and Fluor Corporation faced notable declines following negative news or earnings reports.

Portfolio Pulse from Avi Kapoor

February 20, 2024 | 5:09 pm

MEDS

TRxADE HEALTH, Inc. (MEDS) shares surged following the announcement of its subsidiary Trxade, Inc.'s asset sale to Micro Merchant Systems for $22.5 million. This strategic move could potentially enhance MEDS's financial flexibility and focus on core operations.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 5:08 pm

RIO

Rio Tinto shares are experiencing a downturn due to a general weakness in iron ore stocks, affecting the company's stock performance.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 5:06 pm

HXL

Hexcel Corporation's Board of Directors has approved an additional $300 million share repurchase program, following the purchase of approximately $65 million in Hexcel stock year to date through February 16. The company's CEO, Mr. Stanage, emphasized Hexcel's competitive advantage through innovation, strong customer relationships, and growing markets as key factors supporting value creation for stockholders.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 5:04 pm