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Stock Prices

PG

Deep-pocketed investors are showing a bearish sentiment towards Procter & Gamble (NYSE:PG), with options activity indicating a divided mood: 33% bullish and 66% bearish. The trading suggests a price target range of $145.0 to $180.0 for PG over the next three months. The largest trades include both calls and puts, with significant amounts invested. Procter & Gamble, a leading consumer product manufacturer, is currently trading at $157.85, with an earnings announcement expected in 8 days. Analysts, including one from Deutsche Bank, maintain a Buy rating with a target price of $172.

Portfolio Pulse from Benzinga Insights

April 11, 2024 | 5:46 pm

RTX

Recent options trading activity indicates a bullish sentiment towards RTX (NYSE:RTX), with a significant portion of trades being calls over puts. Investors are targeting a price range of $85.0 to $135.0 for RTX in the coming months. Notable trades include both bullish calls and puts, with expectations for price movements within specific strike prices. RTX, a major aerospace and defense company, has seen its stock price slightly decrease by -0.32% to $101.03, with analysts giving mixed but generally positive ratings and target prices ranging from $105 to $120. The company's next earnings report is expected in 12 days.

Portfolio Pulse from Benzinga Insights

April 11, 2024 | 5:46 pm

ELVN

Enliven Therapeutics Inc (NASDAQ:ELVN) released Phase 1 clinical trial data for ELVN-001, a kinase inhibitor targeting BCR-ABL gene fusion in CML patients. The trial showed a 44% major molecular response rate at 12 weeks, with no significant toxicities, supporting once-daily dosing. ELVN shares surged 23.60% to $24.50.

Portfolio Pulse from Vandana Singh

April 11, 2024 | 5:44 pm

GOOG

META

BofA Securities analyst Justin Post has reiterated a Buy rating on Meta Platforms, Inc. (NASDAQ:META) with a forecast of $550, citing the significant role of AI/ML integrations in boosting usage and ad spending in 2024. These integrations are expected to enhance content engagement, ad creative generation, campaign optimization, ad measurement, and back-end campaign cost savings for advertisers. Meta's focus on AI improvements and the upcoming release of LLAMA3 models are highlighted as key drivers. The analyst also notes Meta's competitive advantage over most online ad companies, including Alphabet Inc. (NASDAQ:GOOG), due to its compute infrastructure, LLM, and user data. However, there's speculation about investment shifts from the Metaverse to AI. LLAMA3, with 140 billion parameters, is anticipated to rival leading LLMs like GPT4.

Portfolio Pulse from Nabaparna Bhattacharya

April 11, 2024 | 5:43 pm

XMRUSD

Kraken, a leading cryptocurrency exchange, announced it will delist Monero (XMR) for customers in Ireland and Belgium due to upcoming EU Anti Money Laundering Regulation. Trading and deposits of XMR will cease on May 10, with withdrawals stopping on June 10, leading to automatic conversion of any remaining XMR to bitcoin. This follows similar actions by Binance and OKX, reflecting increasing regulatory pressures on privacy coins.

Portfolio Pulse from Khyathi Dalal

April 11, 2024 | 5:43 pm

GL

Globe Life Inc. shares were halted due to a circuit breaker trigger after the stock plummeted by 42%. This significant drop led to a temporary trading pause to manage volatility and assess market conditions.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 5:43 pm

ALLR

Allarity Therapeutics has filed a prospectus supplement with the SEC to increase the offering price of its common stock from $1.4 million to $2.4 million. This move indicates the company's intention to raise more capital through its stock offering.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 5:42 pm

GL

Globe Life shares have resumed trading, indicating a return to normal market activities for the company.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 5:41 pm

DAL

BofA Securities analyst Andrew G. Didora has reiterated a Buy rating on Delta Air Lines Inc (NYSE:DAL) and increased the price target from $53 to $55, following Delta's reported first-quarter 2024 operating revenue growth of 8% year-over-year to $13.748 billion and an adjusted EPS of $0.45, surpassing the consensus of $0.36. The positive outlook, driven by better-than-expected unit revenue and cost control, along with robust demand for transatlantic and premium products, has led to an increase in the 2024E EPS forecast to $6.81 from $6.57. Delta's shares rose 3.1% to $47.67.

Portfolio Pulse from Shivani Kumaresan

April 11, 2024 | 5:40 pm

GL

Globe Life shares were halted due to a circuit breaker trigger after the stock plummeted by 40.8%. This significant drop in share price indicates a massive sell-off or negative market sentiment towards Globe Life.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 5:36 pm