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OSTK

JAT Capital Management LP has reported a 9.1% stake in Overstock.com, according to a 13D filing. The firm believes that Overstock.com securities were undervalued when purchased and represent an attractive long-term investment opportunity.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2023 | 2:05 pm

BTCUSD

Bitcoin's price has slightly increased but is coming down from its highs due to false rumors about the approval of the iShares Bitcoin Spot ETF.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2023 | 2:02 pm

LMT

Over the past 20 years, Lockheed Martin (NYSE:LMT) has outperformed the market by 4.5% on an annualized basis, producing an average annual return of 11.93%. If an investor had bought $100 of LMT stock 20 years ago, it would be worth $961.25 today. The company currently has a market capitalization of $109.65 billion.

Portfolio Pulse from Benzinga Insights

October 16, 2023 | 2:00 pm

LOW

Over the past 10 years, Lowe's Companies (NYSE:LOW) has outperformed the market by 5.65% on an annualized basis, producing an average annual return of 15.12%. If an investor had bought $100 of LOW stock 10 years ago, it would be worth $410.28 today. The company currently has a market capitalization of $113.70 billion.

Portfolio Pulse from Benzinga Insights

October 16, 2023 | 2:00 pm

BTCUSD

The U.S. Securities and Exchange Commission (SEC) has not approved the iShares Bitcoin Spot ETF as previously reported. The application is still under review, according to Fox Business Reporter.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2023 | 1:53 pm

MSFT

A significant amount of unusual options activity has been observed for Microsoft (NASDAQ:MSFT), with a split sentiment of 50% bullish and 50% bearish among big-money traders. The targeted price range for Microsoft over the last 3 months has been $315.0 to $380.0. The current price of MSFT is up 1.02% at $331.07. Several experts have given their ratings and price targets for Microsoft, with Citigroup downgrading its action to Buy with a price target of $420.

Portfolio Pulse from Benzinga Insights

October 16, 2023 | 1:46 pm

BTCUSD

The SEC has reportedly approved the iShares Bitcoin spot ETF, leading to a rise in Bitcoin trading.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2023 | 1:35 pm

BTCUSD

The Securities and Exchange Commission (SEC) has approved the iShares Bitcoin Spot ETF, according to Reuters. This marks a significant step in the integration of cryptocurrencies into mainstream financial systems.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2023 | 1:33 pm

VSTO

Vista Outdoor has lowered its FY24 guidance and announced a definitive agreement to sell its sporting products business. This has led to a decrease in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2023 | 1:27 pm

WISA

WiSA Technologies is exploring strategic alternatives, which may include acquiring or selling assets, merging with another company, forming partnerships, or repurchasing stock purchase warrants using funds from its next financing round, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2023 | 1:21 pm