Streetbeat News

Assets

CRM

A significant bearish stance has been taken on Salesforce (NYSE:CRM) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split between 36% bullish and 63% bearish. The whales have been targeting a price range from $180.0 to $260.0 for Salesforce over the last 3 months. Currently, the price of CRM is down -1.88% at $207.74. Analysts from Mizuho, Morgan Stanley, and Citigroup have maintained their Buy, Equal-Weight, and Neutral ratings on Salesforce respectively.

Portfolio Pulse from Benzinga Insights

August 29, 2023 | 1:46 pm

AVAXUSD

BTCUSD

CRVUSD

DOTUSD

ETHUSD

HBARUSD

PEPEUSD

RUNEUSD

Bitcoin and Ethereum edged lower but remained above key levels of $26,000 and $1,600 respectively. XDC Network was the top gainer over the past 24 hours, while Pepe was the biggest loser. The global crypto market cap fell to $1.05 trillion, a 24-hour decline of 0.4%.

Portfolio Pulse from Lisa Levin

August 29, 2023 | 1:34 pm

DBVT

RWLK

STXS

VNRX

Insiders at four penny stocks, ReWalk Robotics Ltd. (RWLK), VolitionRx Limited (VNRX), DBV Technologies S.A. (DBVT), and Stereotaxis, Inc. (STXS), have recently made significant purchases. This could indicate their confidence in the companies' prospects. RWLK recently closed an acquisition of AlterG, Inc. VNRX reported cash and cash equivalents of around $19.7 million as of June 30, 2023. DBVT closed the second quarter with a cash balance of $174 million. STXS reported a 28% revenue growth in the second quarter.

Portfolio Pulse from Lisa Levin

August 29, 2023 | 1:22 pm

GWH

ESS Tech, Inc. (NYSE: GWH) has announced that Harry Quarls, a veteran in the energy industry, has joined the ESS Board of Directors as Chairman. Quarls brings over 40 years of energy experience and has served in leadership roles at Global Infrastructure Partners and Booz & Company. The move is expected to help ESS scale to meet global demand for long-duration energy storage (LDES).

Portfolio Pulse from Happy Mohamed

August 29, 2023 | 1:14 pm

INBX

Inhibrx, Inc. (NASDAQ:INBX) has announced a private placement financing deal that is expected to generate approximately $200 million in gross proceeds. The company is selling 3,621,314 shares of its common stock at $19.35 per share. The deal also includes pre-funded warrants to purchase up to 6,714,636 shares of common stock at a purchase price of $19.3499 per pre-funded warrant. The deal is expected to close by August 31, 2023.

Portfolio Pulse from Happy Mohamed

August 29, 2023 | 1:03 pm

SPY

The House Price Index for June has increased by 0.3%, which is higher than the estimated 0.2% but lower than the prior 0.7%.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2023 | 1:00 pm

SPY

XRT

The Year-on-Year Redbook index has increased to 4.2% from the previous 2.9%.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2023 | 12:55 pm

BABA

BIDU

EWH

NIO

TME

China is taking measures to protect its economy from the impact of its real estate sector crisis. These include substantial reductions in bank deposit and mortgage rates, and promises of increased stimulus measures. The mortgage rate cuts are targeted at loans for primary residences. China also announced a 50% reduction in stock-trading stamp duties and approved guidelines for affordable housing. The Hang Seng index, tracked by the iShares MSCI Hong Kong Index Fund (NYSE:EWH), posted a 2% surge. U.S.-listed Chinese stocks, including Alibaba Group Holdings (NYSE:BABA), Tencent Music Entertainment Group (NYSE:TME), JD.com Inc. (NASDAQ:JD) and Baidu Inc. (NASDAQ:BIDU), are trading about 1.5% higher in premarket trading. However, NIO Inc. (NASDAQ:NIO) declined over 6% after reporting disappointing Q2 earnings.

Portfolio Pulse from Piero Cingari

August 29, 2023 | 12:46 pm

EVAX

Evaxion Biotech (NASDAQ:EVAX) has announced the appointment of Christian Kanstrup as its new CEO. Kanstrup, who has 25 years of life science experience and has held senior leadership positions at Novo Nordisk, is expected to accelerate the strategic development and execution of the company's AI-powered immunotherapies. The move comes as Evaxion seeks to capitalize on its AI platforms, which have been developed over the past 15 years.

Portfolio Pulse from Happy Mohamed

August 29, 2023 | 12:39 pm

CTLT

Catalent's CEO has stated that the company is working to embed 'greater conservatism' in its future financial assumptions. This suggests a more cautious approach to financial planning and risk management.

Portfolio Pulse from Happy Mohamed

August 29, 2023 | 12:38 pm