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Stock Prices

JPM

Recent analysis of JPMorgan Chase (JPM) options trading reveals a bearish sentiment among big money investors, with a mix of bullish and bearish trades. The trading volume and open interest suggest a price target range between $140 and $210. Notable trades include both bullish and bearish calls with varying strike prices and expiration dates. JPMorgan Chase, a major financial institution, is currently trading at $198.99, with analysts setting an average price target of $203.8. The stock is potentially approaching overbought territory, with earnings expected in 9 days.

Portfolio Pulse from Benzinga Insights

April 03, 2024 | 2:16 pm

PLTR

Financial analysis reveals a bearish trend in options trading for Palantir Technologies (NYSE:PLTR), with 63% of trades showing bearish tendencies. The analysis of unusual trades found 19 instances, with a price target range from $10.0 to $35.0. The largest trades include both bullish and bearish sentiments, with significant volumes and open interests. Palantir's current trading volume is 5,398,222, with a slight price decrease of -0.44%, and an RSI indicating potential overselling. Analysts have mixed opinions, with target prices ranging from $20 to $35.

Portfolio Pulse from Benzinga Insights

April 03, 2024 | 2:16 pm

ELF

ULTA

e.l.f. Beauty's stock is trading lower following Ulta Beauty's issuance of weak guidance at a conference, indicating potential industry-wide concerns.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 2:13 pm

AFRM

AMZN

FCUS

IBUY

SHOP

Needham analyst Kyle Peterson initiated coverage on Affirm Holdings Inc (AFRM) with a Hold rating, citing valuation concerns, high stock-based compensation, and a significant portion of revenue from lending-related income. Despite Affirm's strong position in the BNPL market and potential for international expansion, these factors are expected to keep AFRM shares range-bound. Affirm's partnerships with Amazon (AMZN) and Shopify (SHOP) are highlighted, and investors can also gain exposure through ETFs FCUS and IBUY.

Portfolio Pulse from Anusuya Lahiri

April 03, 2024 | 2:06 pm

ABBV

FGEN

FibroGen Inc (NASDAQ:FGEN) released early data from a Phase 1 study of FG-3246 for prostate cancer, showing promising results. The study, sponsored by Fortis Therapeutics, indicated significant PSA reductions and partial responses in patients. Despite adverse events similar to other MMAE-based ADCs, the efficacy metrics are encouraging. William Blair suggests further exploration, noting plans to improve FG-3246's effectiveness, including a dosing scheme inspired by AbbVie Inc's (NYSE:ABBV) Elahere. FibroGen plans to consult with the FDA and start a Phase 2 study later this year. FGEN shares dropped 18.30% to $1.77.

Portfolio Pulse from Vandana Singh

April 03, 2024 | 2:02 pm

ABIO

ARCA Biopharma Inc (NASDAQ:ABIO) and Oruka Therapeutics have announced a merger in an all-stock transaction. The merged entity, to be named Oruka Therapeutics Inc and trade under the ticker ORKA, will focus on developing treatments for chronic skin diseases. Oruka has secured $275 million in private investment to support operations through 2027 and the development of its key programs, ORKA-001 and ORKA-002. The merger, expected to close in Q3 2024, will see pre-merger ARCA stockholders owning about 2.38% of the new company. ABIO shares soared 106.40% to $3.49 following the announcement.

Portfolio Pulse from Vandana Singh

April 03, 2024 | 2:00 pm

LSCC

Over the past 15 years, Lattice Semiconductor (NASDAQ:LSCC) has outperformed the market with an annualized return of 29.02%, turning a $100 investment into $5,028.19. The company now has a market capitalization of $10.11 billion.

Portfolio Pulse from Benzinga Insights

April 03, 2024 | 2:00 pm

TMUS

Over the past 10 years, T-Mobile US (NASDAQ:TMUS) has significantly outperformed the market, with an annualized return of 17.91%, turning a $1000 investment into $5,266.25. The company's market capitalization stands at $192.20 billion.

Portfolio Pulse from Benzinga Insights

April 03, 2024 | 2:00 pm

GE

GE Aerospace's stock is experiencing an uptick after the successful completion of the GE Vernova spin-off.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 2:00 pm

WMG

Warner Music Group Corp. (WMG) shares are experiencing an uptick, potentially in response to reports that Spotify is increasing its prices. This development could have positive implications for WMG's revenue, as higher Spotify prices might lead to increased royalty payments to music labels and artists.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 1:58 pm