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JRVR

James River Group Holdings (JRVR) shares are trading lower following the company's announcement that it has commenced litigation against Fleming Intermediate Holdings to enforce the Stock Purchase Agreement.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 4:53 pm

GBTC

IBIT

Grayscale Bitcoin Trust (GBTC) and iShares Bitcoin ETF (IBIT) shares are trading higher as Bitcoin hits all-time highs, with Bitcoin breaking the $72,000 mark. The surge is attributed to strong net inflows into Bitcoin spot ETFs, with nine ETFs now holding over 4% of Bitcoin's total circulating supply. On March 7, net inflows reached $472 million, and the total net asset value of these ETFs surpassed $54 billion. GBTC shares are up 4.8% at $64.86, and IBIT shares are up 5% at $41.53.

Portfolio Pulse from Erica Kollmann

March 11, 2024 | 4:52 pm

BA

Boeing (NYSE:BA) has seen unusual options activity, with a mix of bearish and bullish sentiments among big-money investors. A total of 78 uncommon options trades were spotted, with 47 puts and 31 calls, indicating a split sentiment. The price target range for Boeing based on these options is between $140.0 and $270.0. The largest trades include both bearish and bullish positions, with significant open interest and volume in options within the $140.0 to $270.0 strike price range. Boeing's stock is currently down by -2.15%, trading at $194.22, with an RSI suggesting a neutral position. The company competes in aerospace and defense, with its next earnings release anticipated in 44 days.

Portfolio Pulse from Benzinga Insights

March 11, 2024 | 4:46 pm

NET

Recent unusual options activity in Cloudflare (NYSE:NET) has been observed, with a split sentiment among investors. The activity includes both puts and calls within a price window of $95.0 to $105.0. Cloudflare's current stock price is $97.02, with a neutral RSI and its next earnings report due in 45 days. Analyst ratings vary, with an average price target of $100.67. The options activity suggests anticipation of significant price movement.

Portfolio Pulse from Benzinga Insights

March 11, 2024 | 4:46 pm

NKE

ONON

SPY

On Holding AG's (NYSE:ONON) stock rose over 2% ahead of its earnings report, outperforming the SPDR S&P 500 ETF (NYSE:SPY) and the broader market. The company, backed by Roger Federer, has seen a 25% YTD increase despite a historical 10% drop since going public in 2021. Analysts have mixed views, with Wedbush and Baird raising price targets to $38, while Redburb Atlantic downgraded it to $34. Lupton Capital's CEO predicts On could challenge Nike Inc's (NYSE:NKE) market share.

Portfolio Pulse from Aaron Bry

March 11, 2024 | 4:45 pm

TSLA

Deutsche Bank analyst Emmanuel Rosner maintains a Buy rating on Tesla (TSLA) but lowers the price target from $250 to $218.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 4:40 pm

VKTX

Viking Therapeutics Inc (NASDAQ:VKTX) shares dropped 10.9% to $63.95 without specific company news. The decline follows a recent public offering of 6.471 million shares at $85 each and volatility after positive Phase 2 VENTURE trial results. The company does not pay dividends but engages in other value-returning activities. VKTX's 52-week range is $8.28 to $99.41.

Portfolio Pulse from Henry Khederian

March 11, 2024 | 4:40 pm

COIN

Coinbase Global, Inc. (NASDAQ:COIN) shares are trading higher as Bitcoin reaches all-time highs, influenced by a crypto rally and an upgrade from Goldman Sachs. Analyst Will Nance upgraded COIN from Sell to Neutral and raised the price target from $170 to $282, citing the Bitcoin halving event, BTC ETF launches, and increased political and geopolitical uncertainty as drivers. Additionally, Coinbase's daily volumes have surged to levels not seen since 2021, causing platform crashes due to high traffic. A long-term forecast suggests COIN could trade at $208.21 in 2030 based on past performance.

Portfolio Pulse from Erica Kollmann

March 11, 2024 | 4:38 pm

VOLVF

WPRT

Westport Fuel Systems Inc. (NASDAQ:WPRT) shares surged after announcing an investment agreement to form a joint venture with Volvo AB (OTC:VOLVF) for the commercialization of its HPDI fuel system technology. The technology aims to replace greenhouse gas-emitting fuels with carbon-neutral alternatives in long-haul and off-road applications. Volvo Group will acquire a 45% interest in the JV for about $28 million, with an additional $45 million earn-out based on performance. The JV is expected to become operational in Q2 2024.

Portfolio Pulse from Lekha Gupta

March 11, 2024 | 4:36 pm

BLDP

Ballard Power Systems' shares are trading lower following the announcement of mixed Q4 results.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 4:34 pm