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LIN

A significant bearish sentiment has been observed in Linde (NASDAQ:LIN) options market, with a notable volume of put trades indicating a potential downside. Benzinga's options scanner revealed 9 unusual trades, with a bearish sentiment prevailing at 66%. The trades suggest a focus on a price range between $405.0 and $455.0 for LIN. Despite this, Linde remains a major player in the industrial gas sector, with a recent revenue of $33 billion. Analysts have mixed views, with target prices ranging from $500 to $540, indicating potential upside.

Portfolio Pulse from Benzinga Insights

May 02, 2024 | 3:32 pm

BZFD

BuzzFeed, Inc. (NASDAQ:BZFD) announced a 1-for-4 reverse stock split effective May 6, 2024, to meet Nasdaq's minimum bid price requirement and ensure continued listing. The split will adjust the number of Class A and B common stock shares, aiming to increase the bid price above $1.00. The total authorized shares remain unchanged, and no fractional shares will be issued, with stockholders receiving whole shares instead.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 3:31 pm

PHM

Over the past 10 years, PulteGroup (NYSE:PHM) has outperformed the market with an annualized return of 19.98%, turning a $1000 investment into $6,158.73. The company's market capitalization stands at $23.67 billion.

Portfolio Pulse from Benzinga Insights

May 02, 2024 | 3:30 pm

ADI

Over the past 15 years, Analog Devices (NASDAQ:ADI) has produced an average annual return of 16.14%, outperforming the market by 4.23% annually. A $1000 investment in ADI 15 years ago would now be worth $9,042.67, showcasing the impact of compounded returns on investment growth. Analog Devices currently has a market capitalization of $97.25 billion.

Portfolio Pulse from Benzinga Insights

May 02, 2024 | 3:30 pm

PTON

Peloton shares are trading lower after reporting worse-than-expected Q3 results, announcing a CEO transition, and a 15% global headcount reduction.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 3:29 pm

SHAK

Shake Shack Inc (NYSE:SHAK) reported Q1 FY24 sales growth of 14.7% to $290.5 million, slightly missing analyst estimates. System-wide sales and Same-Shack sales increased, with operating income at $0.0 million, improving from a loss. Cash and equivalents stood at $260.2 million, with operating cash flow at $30.6 million. Adjusted EBITDA rose 30.2%, and the company opened eight new Shacks. Adjusted EPS was $0.133, beating estimates. SHAK shares rose 4.6% to $108.16.

Portfolio Pulse from Shivani Kumaresan

May 02, 2024 | 3:25 pm

OLB

OLB Group shares are trading higher after the company announced its shareholders approved a 1-for-10 reverse stock split.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 3:24 pm

WEN

Wendy's reported Q1 adjusted earnings of $0.23 per share, surpassing the $0.21 estimate, but its sales of $534.75M fell short of the expected $540.97M. This represents a 9.52% increase in earnings and a 1.12% increase in sales year-over-year.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 3:22 pm

SGBX

Safe & Green Holdings (SGBX) shares are trading higher following the announcement of its collaboration with Britten for the sales of modular units. This partnership marks a significant development for SGBX, indicating potential growth and expansion in its business operations.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 3:22 pm

WEN

Wendy's Company (NASDAQ:WEN) shares rose by 3% after reporting Q1 results, with adjusted earnings per share of 23 cents, surpassing the expected 21 cents. However, quarterly sales of $534.753 million fell short of the anticipated $540.972 million. The growth was attributed to increased advertising funds revenue and franchise royalty revenue, driven by new restaurant development and higher same-restaurant sales. U.S. breakfast sales saw high-single digit growth year-over-year, and digital sales comprised nearly 17% of global sales. The company also announced a quarterly cash dividend of 25 cents per share and maintains its global systemwide sales growth forecast of 5% to 6% for the fiscal year.

Portfolio Pulse from Nabaparna Bhattacharya

May 02, 2024 | 3:22 pm