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GRMN

MAX

THRM

TOL

Toll Brothers, Inc. (TOL) reported better-than-expected Q1 2024 earnings, leading to a 6.2% rise in its shares. Other companies like Gentherm Incorporated (THRM), MediaAlpha, Inc. (MAX), and Garmin Ltd. (GRMN) also saw significant gains after reporting strong financial results or providing positive guidance. The overall market was down, with the Nasdaq Composite falling more than 100 points.

Portfolio Pulse from Avi Kapoor

February 21, 2024 | 3:47 pm

SOGP

Sound Group Inc. (NASDAQ:SOGP) shares surged after announcing the launch of generative AI applications for the international market. The company introduced a suite of AI-powered applications aimed at enhancing user productivity and creativity, including smart keyboards, intelligent audio recording, and AI audio processing. Sound Group's stock soared on heavy trading volume, with over 16.9 million shares traded, significantly above its 100-day average. Despite a year-to-date loss of 49.19%, the stock's performance has outperformed its historical average annual return of -70.47%. The stock's RSI of 72.95 indicates overbought conditions.

Portfolio Pulse from Erica Kollmann

February 21, 2024 | 3:47 pm

TWLO

Deep-pocketed investors have shown a bearish sentiment towards Twilio (NYSE:TWLO), with unusual options activity detected. Analysis of public options records by Benzinga revealed a significant bearish inclination, with 60% of the activity being bearish. The options activity suggests a target price range for TWLO between $50.0 and $85.0. Currently, TWLO's stock is down by -1.71%, trading at $55.71, with potential oversold conditions indicated by RSI readings. Analyst ratings for TWLO vary, with a consensus target price of $73.2, but opinions range from Neutral to Underperform.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 3:46 pm

SNPS

Financial analysis reveals a bearish sentiment among investors towards Synopsys (NASDAQ:SNPS), with 62% of unusual options trades indicating bearishness. The trades suggest a price target range of $460.0 to $640.0 for the next three months. Synopsys, a provider of electronic design automation software, is currently trading at $543.86, down by -0.75%. An analyst from Rosenblatt maintains a Buy rating with a target price of $615. The company's anticipated earnings release is imminent.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 3:45 pm

LBBB

Shares of Lakeshore Acquisition II Corp. were halted due to a circuit breaker triggered by a rapid increase in the stock price, which is now up by 79%.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 3:43 pm

WINA

Winmark reported a decrease in both quarterly earnings and sales YoY, with EPS down 7.69% to $2.64 and sales down 5.14% to $20.04M.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 3:41 pm

DAL

LUV

UAL

Near-record winds in the Northeast on Feb. 17 caused commercial jets to exceed 800 mph ground speed, surpassing the speed of sound. The National Weather Service Baltimore / Washington reported winds at 265 mph, the second-fastest ever recorded in the region. A Virgin Atlantic flight from D.C. to London significantly reduced its flight time due to the tailwind. Airlines like United Airlines (UAL), Delta Airlines (DAL), and Southwest Airlines (LUV) could also benefit from reduced flight times. A viral video claiming to show a flight affected by these winds was debunked as footage from a Russian flight.

Portfolio Pulse from Aaron Bry

February 21, 2024 | 3:39 pm

TRTX

TPG RE Finance Trust's shares saw an increase following the announcement of their Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 3:33 pm

MTTR

Matterport's shares declined following the announcement of disappointing Q4 sales results and future guidance that did not meet expectations.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 3:33 pm

RIG

High-rolling investors have shown a significant bearish sentiment on Transocean (NYSE:RIG) through options trading, as reported by Benzinga. A notable volume of options trades was observed, with a predominance of bearish sentiment (76%) over bullish (23%). The trades target a price range of $5.0 to $6.0 for RIG over the next 3 months. The current market status of Transocean shows a slight increase in stock price to $4.69, with indicators suggesting it may be approaching oversold territory. The next earnings report is expected in 68 days.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 3:31 pm