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MOD

Modine Manufacturing's shares are trading higher following the announcement of a definitive agreement to acquire Scott Springfield Manufacturing. This strategic acquisition is expected to enhance Modine's product offerings and market position.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 5:44 pm

ARM

Rosenblatt analyst Hans Mosesmann maintains a Buy rating on ARM Holdings (NASDAQ:ARM) and raises the price target from $140 to $180, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 5:44 pm

Alcoa Corp's shares are trading lower following the announcement of its agreement to acquire Alumina Limited. This strategic move could potentially expand Alcoa's operations and market share but has initially led to a negative reaction in the stock market.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 5:43 pm

OKTA

Okta shares are trading higher after JP Morgan maintained a Neutral rating on the stock but increased its price target from $74 to $88.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 5:41 pm

CRD

EHTH

HIPO

HUIZ

JRVR

LMND

MHLA

MHLD

MRAI

PRA

UVE

Insurance stocks experienced notable movements in Monday's intraday session. Gainers included Marpai, Lemonade, Hippo Holdings, Crawford, and eHealth, with increases ranging from 4.53% to 10.51%. Losers were Maiden Holdings, Huize Holding, Maiden Holdings Ltd. 6.625% Notes due 2046, ProAssurance, Universal Insurance Holdings, and James River Group Holdings, with decreases between 1.98% and 4.66%. The movements reflect varying investor sentiments within the insurance industry.

Portfolio Pulse from Benzinga Insights

February 26, 2024 | 5:40 pm

Block shares are trading lower, potentially due to a pullback after last week's gains following the Q4 earnings report.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 5:37 pm

ABT

BCRX

HUM

IBRX

MDRX

MRK

TEVA

TGTX

TMO

Today's session highlighted significant options activity in the Health Care sector, with notable trades in stocks like MDRX, IBRX, ABT, BCRX, TEVA, TMO, TGTX, CI, MRK, and HUM. The activity ranged from bullish to bearish sentiments across various expiration dates and strike prices, indicating diverse market expectations and strategies among investors.

Portfolio Pulse from Benzinga Insights

February 26, 2024 | 5:35 pm

AMZN

CVNA

CZR

DASH

IRBT

RIVN

TSLA

Today's session highlighted significant whale activity in the options market for 10 consumer discretionary stocks, indicating potential trading opportunities. Notable movements include bearish call options for TSLA and IRBT, bullish put options for AMZN, W, M, and QS, bullish call options for CZR and DASH, and neutral to bearish sentiment for RIVN and CVNA. These activities suggest varied investor expectations and could influence stock prices in the short term.

Portfolio Pulse from Benzinga Insights

February 26, 2024 | 5:35 pm

ARM

CRM

CRWD

MSFT

MSTR

NVDA

PANW

SMCI

TSM

Today's session highlighted significant options activity in the Information Technology sector, with notable movements in stocks like NVDA, PANW, ARM, MSFT, MSTR, SMCI, TSM, CRWD, CRM, and MU. The activity ranged from bullish to bearish sentiments, with trades and sweeps on call and put options, indicating diverse market expectations and potential trading opportunities.

Portfolio Pulse from Benzinga Insights

February 26, 2024 | 5:35 pm

ASAN

B of A Securities analyst Michael Funk initiated coverage on Asana Inc (NYSE:ASAN) with a Buy rating and a price target of $25. Funk highlights Asana's potential for near-term growth despite expected choppiness in key metrics as it expands its enterprise market focus. He anticipates a shift in revenue towards enterprise customers, leading to improved retention, ARPU/ACV, and expansion momentum. Despite challenges faced in 2023, Funk expects key metrics to bottom in the first half of CY2024 and projects higher revenues for fiscal 2025 and 2026. Asana's focus on profitability and positive free cash flow by the end of 2024 is also emphasized. ASAN shares rose 5.94% to $19.01.

Portfolio Pulse from Anusuya Lahiri

February 26, 2024 | 5:33 pm