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XLO

Trading of Xilio Therapeutics shares has resumed.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 1:37 pm

ARKB

GBTC

IBIT

Bitcoin spot ETFs saw significant inflows on March 27, with a total of $243 million, highlighting investor interest in cryptocurrency-based investment vehicles. BlackRock's iShares Bitcoin Trust (IBIT) led with $323 million in inflows, while Grayscale's Bitcoin Investment Trust (GBTC) experienced $299 million in outflows. Ark Invest's ARK Innovation ETF (ARKB) also saw a $200 million inflow. The industry is also closely watching the race for a spot Ethereum ETF in the U.S., with Fidelity Digital Assets filing for an ETF that includes a staking feature, despite skepticism from analysts about approval.

Portfolio Pulse from Murtuza Merchant

March 28, 2024 | 1:35 pm

BA

Citigroup analyst Jason Gursky has maintained a Buy rating on Boeing (NYSE:BA) but has lowered the price target from $263 to $252. This adjustment reflects Citigroup's updated valuation of Boeing's stock.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 1:35 pm

ATRA

Atara Biotherapeutics (NASDAQ:ATRA) reported Q4 earnings with an EPS of $-0.56, missing estimates by -17.0% against an expected $-0.48. Revenue increased by $4.03 million year-over-year. The company's past earnings performance shows a pattern of missing EPS estimates, which previously led to a 6.0% drop in share price the following day.

Portfolio Pulse from Benzinga Insights

March 28, 2024 | 1:35 pm

AZUL

Azul (NYSE:AZUL) reported Q4 adjusted losses of $(0.47) per share, missing the analyst consensus estimate of $0.14. However, their quarterly sales of $1.01 billion exceeded the estimate of $985.30 million. This represents a 53% decrease in losses and a 19.79% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 1:33 pm

TSLA

Tesla shares are trading lower following the announcement that Xiaomi has priced its SU7 electric vehicle (EV) below Tesla's Model 3 in China, indicating increased competition in the EV market.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 1:33 pm

XLO

Xilio Therapeutics shares were halted due to a circuit breaker triggered by a downside movement, despite the stock being up 167.6%.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 1:32 pm

TSLA

Deutsche Bank has revised its forecast for Tesla's Q1 deliveries down to 414,000 from a previous estimate of 427,000, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 1:30 pm

LUNR

Intuitive Machines Inc (NASDAQ:LUNR) shares are trading lower after the company filed a prospectus for an offering of up to $300 million of its common stock. The filing includes an offering of 159,808,031 shares and 8.295 million warrants. Despite a recent rally due to its successful moon landing mission, the stock is down 4.36% at $6.58. The company reported $4.5 million in cash and $54.6 million including warrant exercises as of March 1.

Portfolio Pulse from Adam Eckert

March 28, 2024 | 1:29 pm

DJT

Richard W. Painter, former White House ethics lawyer, expressed concerns about the risks associated with the merger of Trump Media & Technology Group Corp (NASDAQ:DJT), citing previous Trump ventures that led to losses and bankruptcy. He highlighted potential conflicts of interest and the impact on the social media industry if Trump were to win the 2024 presidential election. Financial commentators and economists have mixed reactions, with some predicting significant gains for DJT, while others remain skeptical about its valuation.

Portfolio Pulse from Benzinga Neuro

March 28, 2024 | 1:28 pm