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LBPH

Longboard Pharmaceuticals (LBPH) shares dropped following the announcement of a $150 million underwritten public offering, with an additional $22.5 million option for underwriters. The offering dilutes current shareholders, leading to the stock price decline.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 7:05 pm

ATOM-USD

Cosmos Hub's cryptocurrency, ATOM, has seen a significant decline, dropping 10.86% in 24 hours to a price of $9.92. Over the past week, ATOM's price has decreased by 17.0%, from $11.98. The trading volume for ATOM has increased by 56.0% over the past week, while the circulating supply rose by 1.05% to 381.42 million. ATOM's market cap is currently ranked #24 at $3.76 billion.

Portfolio Pulse from Benzinga Insights

January 03, 2024 | 7:03 pm

UTZ

Needham analyst Matt McGinley initiated coverage on Utz Brands Inc (NYSE:UTZ) with a Buy rating and a $20 price target, adding it to the Needham Conviction List for 2024. McGinley expects Utz to increase its marketing spend by 3x, focusing on four power brands, and to grow sales by 4%-5% annually with a 3-point EBITDA rate improvement over three years. Utz aims for $135 million in cumulative supply chain savings, with internal cost-saving initiatives and supply chain restructuring expected to boost margins and cash flow. Utz trades at a 15x EV/EBITDA multiple, a 2.5 point premium to peers, but is expected to outpace their growth and achieve double the EBITDA growth of peers. The company is transitioning from a regional to a national competitor in the salty snack category, with shares trading higher by 6.11% at $17.37.

Portfolio Pulse from Shivani Kumaresan

January 03, 2024 | 7:03 pm

SPY

The minutes from the Federal Open Market Committee (FOMC) meeting revealed that all officials recognized significant progress made in 2023 towards the Federal Reserve's 2% inflation target. The officials also noted that the risks to inflation and employment are moving towards a greater balance.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 7:02 pm

LINKUSD

Chainlink's (CRYPTO: LINK) price has dropped 8.9% in the last 24 hours to $13.86, continuing a weekly downward trend with a 15.0% loss. Trading volume is up by 15.0%, and the circulating supply has increased by 1.72% to 556.85 million, which is 55.68% of the max supply. Chainlink's market cap is currently ranked #15 at $7.68 billion.

Portfolio Pulse from Benzinga Insights

January 03, 2024 | 7:02 pm

SHIBUSD

Shiba Inu (CRYPTO: SHIB) has seen a significant decline, dropping 11.35% in the last 24 hours to $0.0000094, continuing a weekly downward trend with a 14.0% loss. The volatility of SHIB is highlighted by the widening of Bollinger Bands on its price charts. Trading volume surged by 145.0% over the past week, while the circulating supply increased by 1.53%, reaching 589.29 trillion. SHIB's market cap is currently ranked #19, valued at $5.58 billion.

Portfolio Pulse from Benzinga Insights

January 03, 2024 | 7:02 pm

UNIUSD

Uniswap's cryptocurrency UNI has experienced a significant drop of 14.19% in the last 24 hours, with a current price of $6.27. Over the past week, UNI has seen a downward trend of -12.0%, decreasing from $7.35. The trading volume has fallen by 7.0% over the past week, while the circulating supply has increased by 0.21% to over 753.77 million, which is 75.38% of its max supply. UNI's market cap is currently ranked #22 at $4.79 billion.

Portfolio Pulse from Benzinga Insights

January 03, 2024 | 7:01 pm

TTD

Trade Desk (NASDAQ:TTD) has significantly outperformed the market with an average annual return of 40.33% over the past 5 years. An investment of $100 in TTD 5 years ago would be worth $559.36 today. The company currently holds a market capitalization of $34.02 billion.

Portfolio Pulse from Benzinga Insights

January 03, 2024 | 7:00 pm

MLM

Martin Marietta Materials (NYSE:MLM) has delivered an average annual return of 22.12% over the past 5 years, outperforming the market by 9.27% annually. A $1000 investment in MLM 5 years ago would be worth $2,706.12 today. The company's market capitalization stands at $30.35 billion.

Portfolio Pulse from Benzinga Insights

January 03, 2024 | 7:00 pm

WDS

Woodside Energy Group Inc. (NYSE:WDS) shares increased by 0.85% and have risen by 11.29% over the past month, despite a 6.72% decrease over the past year. The company's P/E ratio of 5.68 is lower than the industry average of 9.51, which could indicate that the stock is undervalued or expected to perform worse than its peers. Investors are advised to consider the P/E ratio alongside other financial metrics and qualitative analysis for a comprehensive investment decision.

Portfolio Pulse from Benzinga Insights

January 03, 2024 | 7:00 pm