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Stock Prices

VRNT

Verint has projected its FY25 earnings per share (EPS) to be around $2.89, slightly above the estimated $2.84. However, its revenue forecast of $930 million, with a possible 2% variance, falls short of the expected $951.8 million.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 8:36 pm

IPSEY

MACK

Merrimack Pharmaceuticals received a $225 million milestone payment from Ipsen for FDA approval of ONIVYDE for metastatic adenocarcinoma of the pancreas. Merrimack's Board sees no further payments from Ipsen or Elevation Oncology agreements likely and plans a dissolution meeting for May 10, 2024, to discuss a liquidating dividend.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 8:34 pm

AAPL

TSLA

Brad Gerstner, CEO of Altimeter Capital, bought Tesla (TSLA) stock, inspired by Tesla's Full Self-Driving (FSD) Beta version 12, which he likened to a 'ChatGPT moment'. He praised the shift to an imitation learning model, predicting significant progress for Tesla. Despite recent selling pressure and competition in the EV market, Gerstner sees Tesla's move towards a services model, akin to Apple's transition, as a unique opportunity. He acknowledged risks, including potential soft sales in China and the possibility of missing delivery numbers.

Portfolio Pulse from Adam Eckert

March 27, 2024 | 8:33 pm

AVTX

BIOR

GLYC

SSKN

In Wednesday's after-market session, health care stocks saw significant movements. Avalo Therapeutics (AVTX) led the gainers with a 215.8% increase to $15.0, while Strata Skin Sciences (SSKN) led the losers with a 12.5% decrease to $0.39. Other notable movers included Fresh2 Group (FRES), Biora Therapeutics (BIOR), and GlycoMimetics (GLYC), with their stock prices also experiencing changes due to various factors including Q4 earnings reports.

Portfolio Pulse from Benzinga Insights

March 27, 2024 | 8:31 pm

RUM

Rumble Inc (NASDAQ:RUM) reported Q4 earnings with a revenue of $20.39 million, missing the consensus estimate of $28.1 million but beating EPS estimates with a loss of 14 cents per share against an expected loss of 22 cents. The company saw a 16% quarter-over-quarter increase in monthly active users, reaching 67 million, with 48 million from the US and Canada. Average minutes watched per month slightly decreased, while hours of uploaded video per day increased year-over-year. Rumble highlighted its new products, including Rumble Cloud, and partnerships, such as with Barstool Sports. The company expects revenue growth starting Q2 of 2024 and aims for breakeven in 2025.

Portfolio Pulse from Chris Katje

March 27, 2024 | 8:31 pm

ANGI

ANTE

CSSE

FENG

LFLY

SOPA

In Wednesday's after-market session, several Communication Services stocks experienced notable movements. Gainers included Chicken Soup for the Soul (CSSE), Phoenix New Media (FENG), Angi (ANGI), Leafly Holdings (LFLY), Society Pass (SOPA), and AirNet Technology (ANTE), with increases ranging from 2.4% to 5.0%. Conversely, Hanryu Holdings (HRYU), Global Mofy Metaverse (GMM), Ucloudlink Group (UCL), Weibo (WB), Fangdd Network Group (DUO), and Asset Entities (ASST) saw declines between 4.06% and 7.1%.

Portfolio Pulse from Benzinga Insights

March 27, 2024 | 8:31 pm

AQMS

BTM

MLKN

NVVE

SGBX

In Wednesday's after-market session, several industrials stocks saw significant movements. Safe & Green Holdings, Nuvve Holding, Bitcoin Depot, Tritium DCFC, iSun, and Advent Technologies Holdings were among the gainers, with increases ranging from 2.21% to 10.3%. On the losing side, MillerKnoll, Urban-gro, Aqua Metals, Simpple, Velo3D, and Vertical Aerospace experienced declines between 4.28% and 14.9%. Notably, earnings reports influenced some of these movements.

Portfolio Pulse from Benzinga Insights

March 27, 2024 | 8:31 pm

FDX

Financial analysis reveals a surge in options activity for FedEx (NYSE:FDX), with a bearish sentiment prevailing among traders. The analysis highlighted 17 unusual trades, with a mix of bullish and bearish positions, and a notable price window from $135.0 to $305.0 for FedEx's stock. The current trading volume and a slight price decrease are observed, alongside an upcoming earnings release in 83 days. FedEx's significant role in express package delivery and its financial performance are also discussed.

Portfolio Pulse from Benzinga Insights

March 27, 2024 | 8:31 pm

CXM

MRIN

SOBR

In Wednesday's after-market session, several Information Technology stocks showed notable movements. Gainers included Marin Software, Sprinklr, Airship AI Holdings, Verint Systems, Greenidge Generation Holdings, and SMX, with increases ranging from 2.57% to 5.3%. On the losing side, Sobr Safe, Aurora Mobile, Movella Holdings, Hitek Global, Rekor Systems, and Meta Materials saw declines between 4.63% and 16.8%. Notably, Sprinklr, Verint Systems, Greenidge Generation Holdings, and Rekor Systems had their Q4 earnings reports released, influencing their stock movements.

Portfolio Pulse from Benzinga Insights

March 27, 2024 | 8:31 pm

RCL

Deep-pocketed investors have shown a bearish sentiment towards Royal Caribbean Gr (NYSE:RCL), with 80% of the notable options activity being bearish. The options trading trends indicate a focus on a price band between $70.0 and $150.0. The largest trades include both calls and puts with varying sentiments and strike prices. Royal Caribbean, the world's second-largest cruise company, has seen its stock price increase by 2.08%, currently at $139.72. Analysts from Macquarie and Goldman Sachs have set an average price target of $161.0, with ratings of Outperform and Buy, respectively.

Portfolio Pulse from Benzinga Insights

March 27, 2024 | 8:30 pm