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DASH

UBER

Traders are closely monitoring Doordash and Uber Technologies as senators seek information on the companies' junk fees. This increased scrutiny could impact the companies' operational and financial practices.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 4:35 pm

NKLA

Nikola Corporation's (NASDAQ:NKLA) stock has declined over 33% in the past five days following allegations of fraudulent conduct by its management and certain directors by M&M Residual. The company is expected to report Q1 financial results on May 7, with anticipated losses of 10 cents per share and revenue of $14.235 million. The stock's current price is below its 200-day moving average, indicating a bearish signal according to some investors.

Portfolio Pulse from Erica Kollmann

April 17, 2024 | 4:32 pm

MAMO

VFS

ZAPP

In Wednesday's intraday session, 12 consumer discretionary stocks saw significant movements. Notably, Massimo (MAMO) surged 19.4% after announcing Q4 earnings, while Zapp Electric Vehicles (ZAPP) plummeted 35.7%. Other gainers include Kidpik (PIK), Children's Place (PLCE), EZGO Technologies (EZGO), WW International (WW), and ATA Creativity Glb (AACG). Losers comprised Kaival Brands Innovations (KAVL), VinFast Auto (VFS), Mullen Automotive (MULN), Fossil Group's Senior Notes (FOSLL), and Educational Development (EDUC).

Portfolio Pulse from Benzinga Insights

April 17, 2024 | 4:31 pm

Blackstone (NYSE:BX) has seen a surge in options activity, with a bullish sentiment from the majority of trades. Analysis of options history revealed 38 trades, with 60% bullish and 39% bearish. The trades include 29 puts and 9 calls, indicating a price target range of $95.0 to $160.0. The largest options trades include both bullish and bearish sentiments, with strike prices ranging from $125.00 to $140.00. Blackstone, the world's largest alternative-asset manager, has $1.040 trillion in assets under management. The stock price is currently $122.6, with an upcoming earnings report.

Portfolio Pulse from Benzinga Insights

April 17, 2024 | 4:31 pm

DARE

INVO

VNDA

Healthcare stocks experienced significant movements in Wednesday's intraday session. INVO Bioscience led the gainers with a 275% increase following its Q4 earnings report, while Dare Bioscience topped the losers, dropping 40.7%. Other notable movers included Vanda Pharma, Galera Therapeutics, and SINTX Techs on the gainers' side, and Longeveron, Sage Therapeutics, and China SXT Pharmaceuticals among the losers.

Portfolio Pulse from Benzinga Insights

April 17, 2024 | 4:31 pm

BEEM

ISUN

RYDE

UAL

In Wednesday's intraday session, notable movements were observed in the industrials stocks sector. Ryde Group (RYDE) led the gainers with a 73.9% increase, while iSun (ISUN) experienced the largest drop among the losers, declining by 23.8%. Other significant movements included CEA Industries (CEAD) and Beam Global (BEEM) with substantial gains, and SolarMax Technology (SMXT) and Greenland Technologies (GTEC) with notable losses. Earnings reports released around this period appear to have influenced stock performances, with companies like Beam Global, Agrify, United Airlines Holdings, iSun, and Greenland Technologies releasing their quarterly results.

Portfolio Pulse from Benzinga Insights

April 17, 2024 | 4:31 pm

ARM

IZM

MITK

SPEC

In Wednesday's intraday session, several information technology stocks experienced significant movements. Spectaire Holdings led the gainers with a 77.5% increase, while ICZOOM Group faced the largest decline, dropping 86.4%. Other notable movers included VIA optronics and HeartCore Enterprises on the gainers' side, and Intrusion and ARM Holdings among the losers. Market capitalizations varied widely, with ARM Holdings at the high end with $113.1 billion and SMX (Security Matters) at the lower end with $5.6 million.

Portfolio Pulse from Benzinga Insights

April 17, 2024 | 4:31 pm

TOL

Over the past 20 years, Toll Brothers (NYSE:TOL) has outperformed the market with an average annual return of 8.91%, turning a $100 investment into $550.65 today. The company currently has a market capitalization of $11.91 billion.

Portfolio Pulse from Benzinga Insights

April 17, 2024 | 4:30 pm

UNH

UnitedHealth Group (NYSE:UNH) has delivered an average annual return of 15.85% over the past 5 years, outperforming the market by 4.52% on an annualized basis. A $100 investment in UNH 5 years ago would be worth $211.91 today, showcasing the impact of compounded returns on investment growth. UnitedHealth Group's current market capitalization stands at $443.70 billion.

Portfolio Pulse from Benzinga Insights

April 17, 2024 | 4:30 pm

VNDA

Vanda Pharmaceuticals Inc. (NASDAQ:VNDA) has rejected multiple unsolicited takeover bids from Future Pak LLC, with the latest offer ranging from $7.25 to $7.75 per share. This proposal represents a 79.0% to 91.4% premium over Vanda's closing price of $4.05 as of April 16, 2024. The Vanda Board believes these offers undervalue the company, citing its diverse product set, top-line growth, and recent FDA approval of Fanapt for bipolar I disorder, which boosted shares by 30%. Future Pak, a private contract manufacturer, has expressed willingness to improve its proposal, with support from Colbeck Capital Management. VNDA shares rose 33.8% to $5.41 following the news.

Portfolio Pulse from Vandana Singh

April 17, 2024 | 4:29 pm