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EDBL

Edible Garden's stock was halted due to a circuit breaker trigger after surging 144.2%, indicating a significant upward movement in its share price.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 2:06 pm

AGFY

NMHI

Agrify Corporation (AGFY) stock soared following the announcement of its acquisition by Nature's Miracle Holding Inc. (NMHI). Nature's Miracle will acquire all outstanding shares of Agrify, with Agrify shareholders receiving approximately 0.45 of a Nature's Miracle share for each Agrify share. The deal values AGFY equity at $6.35 million or $0.4185 per share. This acquisition is expected to enhance revenue streams for Nature's Miracle through Agrify's SaaS and AI technology, while Agrify benefits from Nature's advanced horticultural and cultivation lighting technologies. Post-merger, Agrify's CEO, Raymond Chang, will become President of the Agrify division at Nature's Miracle and join its board. The transaction, expected to close within six months, has led to a 27.6% increase in AGFY's stock price to $0.38.

Portfolio Pulse from Shivani Kumaresan

April 17, 2024 | 2:04 pm

EDBL

Edible Garden shares are trading higher following the announcement of a year-over-year increase in preliminary Q1 revenues.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 2:03 pm

PANW

Analyst ratings for Palo Alto Networks (NASDAQ:PANW) show a diverse range of perspectives, with 31 analysts offering their views in the last three months. The sentiment has slightly shifted towards more bullish, with an increase in the average 12-month price target to $353.68 from $350.60. Analyst actions include both upgrades and downgrades, reflecting responses to market conditions and company performance. Palo Alto Networks is highlighted for its strong financial health, including a notable revenue growth rate of 19.33%, an impressive net margin of 88.45%, and an ROE of 53.52%, indicating strong profitability and effective cost control.

Portfolio Pulse from Benzinga Insights

April 17, 2024 | 2:01 pm

BNTX

BioNTech (NASDAQ:BNTX) received mixed ratings from 11 analysts, with a shift towards bullish sentiment in the last 30 days. The average 12-month price target was raised to $130.82, indicating a positive outlook. Analysts adjusted their ratings and price targets, reflecting recent developments and performance. Despite the optimistic analyst ratings, BioNTech faces economic challenges, including a significant revenue decline and below-average profitability metrics.

Portfolio Pulse from Benzinga Insights

April 17, 2024 | 2:00 pm

ASML

FXI

ASML executives have stated that China continues to account for approximately 20% of the company's order backlog, according to Reuters. This indicates the significant role China plays in ASML's business operations and future revenue expectations.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 2:00 pm

CFG

Citizens Financial Group's shares are trading higher after the company reported its Q1 earnings.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 2:00 pm

ORLA

Orla Mining (AMEX:ORLA) has significantly outperformed the market with an annualized return of 39.24% over the past 5 years, growing a $1000 investment to $5,233.69. The company now has a market capitalization of $1.27 billion.

Portfolio Pulse from Benzinga Insights

April 17, 2024 | 2:00 pm

LYFT

Lyft's (NYSE:LYFT) short interest has decreased by 7.18% since the last report, with 48.94 million shares sold short, representing 14.6% of its float. This decline in short interest could indicate a more bullish sentiment among investors towards Lyft, despite it having a higher short interest compared to its peers, with the average being 6.79%. The article suggests that while a decrease in short interest does not guarantee a stock price increase, it is an important sentiment indicator.

Portfolio Pulse from Benzinga Insights

April 17, 2024 | 2:00 pm

NVDA

Over the past 15 years, NVIDIA (NASDAQ:NVDA) has significantly outperformed the market, with an average annual return of 46.74%, turning a $100 investment into $31,001.59 today. NVIDIA's market capitalization currently stands at $2.20 trillion.

Portfolio Pulse from Benzinga Insights

April 17, 2024 | 2:00 pm