Streetbeat News

Analyst Ratings

LLY

A whale investor has taken a bullish stance on Eli Lilly (NYSE:LLY), with 57% of investors opening trades with bullish expectations and 42% with bearish. The whale has been targeting a price range from $175.0 to $520.0 for Eli Lilly over the last 3 months. Truist Securities and Cantor Fitzgerald have downgraded their actions on Eli Lilly, but Cantor Fitzgerald maintains their Overweight rating with a price target of $550.

Portfolio Pulse from Benzinga Insights

July 05, 2023 | 4:46 pm

BA

A significant bullish stance on Boeing (NYSE:BA) has been observed through unusual options activity. The sentiment among these big-money traders is split evenly between bullish and bearish. The whales have been targeting a price range from $145.0 to $235.0 for Boeing over the last 3 months. Currently, the price of BA is up 1.32% at $213.7. Bernstein and RBC Capital have downgraded their actions on Boeing with price targets of $252 and $220 respectively.

Portfolio Pulse from Benzinga Insights

July 05, 2023 | 4:46 pm

FDMT

Chardan Research analyst Geulah Livshits initiated coverage on 4D Molecular Therapeutics, Inc. (NASDAQ:FDMT) with a Buy rating and a price target of $30. The analyst is optimistic about the company's directed evolution of the Adeno-associated virus platform, or AAV, to tackle historical obstacles in vivo gene delivery. The company's pipeline, which includes three clinical-stage ophthalmology assets, is also praised. The analyst believes that discussions with the FDA on pivotal endpoints in 4Q should provide visibility on the path to market.

Portfolio Pulse from Nabaparna Bhattacharya

July 05, 2023 | 4:45 pm

SAVA

Cassava Sciences Inc (NASDAQ:SAVA) announced positive results from its Cognition Maintenance Study (CMS) for its Alzheimer's treatment, Simufilam. The drug slowed cognitive decline by 38% compared to placebo in mild-to-moderate Alzheimer's disease. The company is currently evaluating Simufilam tablets in two Phase 3 studies, with patient enrollment expected to be completed by the end of 2023. Despite the positive news, SAVA shares are down 12.90% at $22.05.

Portfolio Pulse from Vandana Singh

July 05, 2023 | 4:39 pm

BCS

Barclays's (NYSE:BCS) short percent of float has fallen 25.0% since its last report, with 4.50 million shares sold short, which is 0.12% of all regular shares available for trading. This decrease in short interest could signal a more bullish market sentiment towards Barclays. Compared to its peers, Barclays has less short interest as a percentage of float, with an average of 1.01%.

Portfolio Pulse from Benzinga Insights

July 05, 2023 | 4:31 pm

BAC

Bank of America's (NYSE:BAC) short percent of float has risen 6.06% since its last report, with 72.83 million shares sold short, which is 1.05% of all regular shares available for trading. It would take traders 1.64 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. Bank of America's peer group average for short interest as a percentage of float is 0.96%, which means the company has more short interest than most of its peers.

Portfolio Pulse from Benzinga Insights

July 05, 2023 | 4:31 pm

BA

Boeing's (NYSE:BA) short percent of float has decreased by 4.0% since its last report, with 8.68 million shares sold short, representing 1.44% of all regular shares available for trading. This decrease in short interest could indicate a more bullish market sentiment towards Boeing. Compared to its peers, Boeing has less short interest as a percentage of float, with an average of 3.20%.

Portfolio Pulse from Benzinga Insights

July 05, 2023 | 4:31 pm

BTCUSD

Analysts at Bitfinex suggest that Bitcoin (BTC) may be on the verge of a new bull run. The report indicates that Bitcoin's Spent Output Profit Ratio (SOPR) and Net Unrealized Profit and Loss (NUPL) indicators have turned green, suggesting profitable transactions since Bitcoin breached the $29,500 mark. The report also notes a significant increase in Bitcoin miners sending their coins to exchanges, a trend typically observed either during a bear market capitulation or at the onset of a bull market.

Portfolio Pulse from Murtuza Merchant

July 05, 2023 | 4:28 pm

CCL

Carnival Corporation (NYSE:CCL) shares have hit a new 52-week high, continuing the upward trend from June. The stock has gained over 20% in the past five trading sessions and over 57% in the past 30 days. This surge is attributed to several factors including earnings surpassing analyst consensus estimates, raised fiscal year 2023 guidance, and several upgrades and price target increases from analysts. CCL also has a significant short interest with 13.72% of available shares currently being sold short.

Portfolio Pulse from Erica Kollmann

July 05, 2023 | 4:18 pm

HIVE

HC Wainwright & Co. analyst Mike Colonnese maintains a 'Buy' rating on HIVE Blockchain Techs and raises the price target from $5 to $7.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2023 | 4:09 pm