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ADBE

Financial analysis reveals a bearish sentiment among investors towards Adobe (NASDAQ:ADBE), with 64% of options trades showing bearish tendencies. The analysis of 17 unusual trades indicates a price target range of $320.0 to $780.0. The largest trades include both bullish and bearish positions, with significant investments in puts and calls. Adobe's current stock price is $626.49, down by -0.64%, and an analyst from Exane BNP Paribas has downgraded the stock to Underperform with a price target of $499.

Portfolio Pulse from Benzinga Insights

February 06, 2024 | 3:16 pm

PRSO

Peraso Inc (NASDAQ:PRSO) shares plummeted 47.5% to $1.60 after announcing a public offering of shares and warrants, significantly diluting its stock. The offering includes common stock, pre-funded warrants, and Series A and B warrants, with Ladenburg Thalmann & Co. Inc. as the sole book-runner. The offering is expected to close around February 8.

Portfolio Pulse from Henry Khederian

February 06, 2024 | 3:13 pm

WAVD

The SEC has declared the Form S-4 Registration Statement for the proposed merger between WaveDancer, Inc. (NASDAQ:WAVD) and Firefly Neuroscience, Inc. effective. WaveDancer will hold a special stockholder meeting on March 14, 2024, to approve the merger. The merger aims to bring Firefly's FDA-cleared, AI-developed Brain Network Analytics platform to the Nasdaq, potentially improving outcomes for mental illness and cognitive disorder treatments and increasing value for both companies' stockholders.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 3:06 pm

DD

DuPont De Nemours, Inc. (NYSE:DD) reported a 7% year-over-year sales decline in Q4 fiscal 2023, missing consensus estimates. Despite this, the company saw a 166% increase in adjusted free cash flow and announced a new $1 billion share repurchase program and a 6% dividend increase. The company's 2024 outlook anticipates sales and earnings growth in the second half, driven by an electronics market recovery and improved industrial market orders. Shares rose 5.49% to $64.57.

Portfolio Pulse from Akanksha Bakshi

February 06, 2024 | 3:05 pm

PRPO

Precipio shares were halted due to a circuit breaker triggered by an upside movement, with the stock currently up by 6.46%.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 3:04 pm

XMRUSD

Monero (XMR) experienced a significant drop of over 25% in the last 24 hours, continuing a weekly downward trend. Despite the decrease in price to $122.71, trading volume has surged by 93%. The current market cap of Monero is $2.22 billion, ranking it #42.

Portfolio Pulse from Benzinga Insights

February 06, 2024 | 3:03 pm

VKTX

Viking Therapeutics (NASDAQ:VKTX) is scheduled to release its quarterly earnings report on February 7, 2024, with an estimated EPS of $-0.26. Analysts and investors are particularly interested in the company's guidance for future growth. Viking Therapeutics' stock performance has been strong, with a 150.16% increase over the last 52 weeks. The company's past earnings performance shows a mixed impact on its stock price, with the last quarter's miss resulting in a 9.42% drop.

Portfolio Pulse from Benzinga Insights

February 06, 2024 | 3:03 pm

NFG

National Fuel Gas (NYSE:NFG) is scheduled to release its quarterly earnings report on February 7, 2024, with analysts expecting an EPS of $1.33. The focus will be on whether NFG beats this estimate and provides positive guidance for the next quarter. Historical data shows that NFG's stock price reacts more significantly to guidance than to earnings beats or misses. In the last quarter, NFG missed the EPS estimate by $0.07, leading to a 2.71% increase in its stock price the following day. Over the past year, NFG shares have declined by 21.47%, indicating potential concern among long-term shareholders ahead of the earnings announcement.

Portfolio Pulse from Benzinga Insights

February 06, 2024 | 3:03 pm

EHC

Encompass Health (NYSE:EHC) is scheduled to release its quarterly earnings report on February 7, 2024. Analysts predict an EPS of $0.82. Historical data shows mixed reactions to past earnings, with the last quarter beating estimates but resulting in a slight share price drop. Shares have risen 19.15% over the past year, indicating positive sentiment among long-term investors.

Portfolio Pulse from Benzinga Insights

February 06, 2024 | 3:03 pm

ARBUSD

Cryptocurrency Arbitrum (ARB) has seen a price increase of 3.42% in the last 24 hours, reaching $1.82, despite a weekly decline of 3.0%. The coin's all-time high is $2.39. Trading volume fell by 21.0% over the week, while circulating supply increased by 0.44% to 1.27 billion, representing 12.75% of its max supply. Arbitrum's market cap ranks it 40th at $2.32 billion.

Portfolio Pulse from Benzinga Insights

February 06, 2024 | 3:02 pm