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Stock Prices

APG

APi Group Corp (NYSE:APG) shares dropped 5% to $37.15 after announcing an 11 million share offering priced at $37.50 per share, aiming to raise approximately $412.5 million for general corporate purposes. The offering is expected to close on April 19, with an option for underwriters to purchase an additional 1.65 million shares. Despite the drop, Wall Street analysts generally rate APG as a Buy, with expectations of a 25% rise in the coming year, supported by a 15.61% increase in the past three months and a 3.29% rise in revenue over the past year.

Portfolio Pulse from Henry Khederian

April 17, 2024 | 2:25 pm

ABT

Abbott's stock price has declined following the release of its Q1 earnings report.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 2:23 pm

EWJ

A magnitude 6.22 earthquake has struck Shikoku, Japan, according to Reuters citing GFZ. The impact on the iShares MSCI Japan ETF (EWJ) could be observed depending on the extent of the damage and its effect on Japan's economy.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 2:23 pm

KNTK

JP Morgan analyst Jeremy Tonet has maintained an Overweight rating on Kinetik Holdings (NYSE:KNTK) and increased the price target from $40 to $43.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 2:23 pm

EWJ

A magnitude 6.4 earthquake occurred in the Bungosuido Strait on April 17, 2024, at 08:19, with a maximum seismic intensity of 6-. The event may impact the iShares MSCI Japan ETF (EWJ) due to potential economic and infrastructural damages in Japan.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 2:23 pm

SMCI

Super Micro Computer (NASDAQ:SMCI) has seen a notable bullish sentiment in its options market, with 51% of traders being bullish. Analysis of 39 unusual trades showed a preference for calls over puts, indicating a predicted price range between $700 and $1840. Significant trades include both bullish and bearish sentiments, with notable trades listed. The company, specializing in high-performance server technology, is currently trading up by 0.83% at $984.36, with an RSI suggesting it may be approaching overbought territory. Analysts have issued mixed ratings, with a consensus target price of $1316.67.

Portfolio Pulse from Benzinga Insights

April 17, 2024 | 2:18 pm

MRNA

High-rolling investors have shown a bearish sentiment on Moderna (NASDAQ:MRNA), with options trading data revealing 80% bearish and 20% bullish positions. Benzinga's options scanner identified unusual activity, including 10 significant trades, with a focus on strike prices between $100.0 and $105.0. Moderna's current market performance shows a slight decrease in stock price to $103.69, with an RSI indicating a neutral position. The company's mRNA technology has been validated by its COVID-19 vaccine, and it has 39 mRNA development candidates in clinical trials.

Portfolio Pulse from Benzinga Insights

April 17, 2024 | 2:18 pm

ETH-USD

A major Ethereum investor lost over $4.5 million in two failed attempts to leverage ETH, selling $33 million worth of ETH to settle the debt. Other whales are accumulating Ethereum, with significant withdrawals from Binance and OKX. The crypto market's volatility is influenced by geopolitical tensions, but Ethereum's ecosystem growth, highlighted by Puffer Finance's valuation, suggests confidence in its long-term potential.

Portfolio Pulse from Benzinga Neuro

April 17, 2024 | 2:18 pm

AGFY

NMHI

Nature's Miracle Holding Inc. (NASDAQ:NMHI) has announced a merger with Agrify Corporation (NASDAQ:AGFY), where NMHI will acquire all outstanding shares of AGFY. The deal values AGFY's equity at $6.35 million, with Agrify shareholders receiving approximately 0.45 of a NMHI share for each AGFY share. The merger is expected to enhance Nature's Miracle's revenue streams through Agrify's SaaS and AI technology, particularly in cannabis extraction. The transaction is anticipated to close within six months, pending due diligence, shareholder approval, and customary closing conditions. Agrify's stock surged 41.0816% to $0.4200 per share following the announcement.

Portfolio Pulse from Jelena Martinovic

April 17, 2024 | 2:17 pm

CLSK

GBTC

IBIT

MARA

RIOT

Spot Bitcoin ETFs experienced a net outflow of $58.03 million in a single day, with the Grayscale Bitcoin Trust (GBTC) seeing the largest outflow of $79.38 million. In contrast, BlackRock's iShares Bitcoin Trust (IBIT) reported a net inflow of $25.78 million. Amid these shifts, Bitcoin mining companies like Marathon Digital Holdings Inc. (MARA), Riot Platforms Inc. (RIOT), and CleanSpark Inc. (CLSK) faced share price declines, influenced by Bitcoin halving and geopolitical tensions.

Portfolio Pulse from Murtuza Merchant

April 17, 2024 | 2:16 pm