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AVAXUSD

Avalanche's (CRYPTO: AVAX) price has fallen 3.19% to $10.5 in the past 24 hours, continuing its negative trend over the past week with a 15.0% loss. The trading volume for the coin has fallen 7.0% over the past week, while the overall circulating supply of the coin has increased 0.14% to 344.06 million, making up an estimated 47.79% of its max supply of 720.00 million. The current market cap ranking for AVAX is #21 at $3.62 billion.

Portfolio Pulse from Benzinga Insights

August 21, 2023 | 3:00 pm

LTCUSD

Litecoin's (CRYPTO: LTC) price has risen 3.02% to $66.38 in the past 24 hours, despite a negative trend over the past week with a 20.0% loss. The trading volume for the coin has climbed 71.0% over the past week, while the overall circulating supply has decreased 0.07% to 73.57 million. The current market cap ranking for LTC is #14 at $4.88 billion.

Portfolio Pulse from Benzinga Insights

August 21, 2023 | 3:00 pm

BTCUSD

DOGEUSD

ETHUSD

SHIBUSD

XRPUSD

Crypto strategist Michaël van de Poppe suggests that the best time to invest in altcoins is eight to 10 months prior to the Bitcoin halving, a period known as 'Time Capitulation'. He highlighted that the Ethereum to Bitcoin pair reached its cycle low 252 days before Bitcoin's halving events. Despite current recession fears, van de Poppe remains optimistic about the strength of altcoins.

Portfolio Pulse from Murtuza Merchant

August 21, 2023 | 2:58 pm

CMPS

MNMD

PSIL

A recent study by the Federal Reserve indicates that cannabis and psychedelics consumption has reached all-time highs in 2022, particularly among adults aged 35-50. In other news, COMPASS Pathways (NASDAQ:CMPS) has entered into a securities purchase agreement for an initial $125 million and a potential additional $160 million, while MindMed (NASDAQ:MNMD) has secured a $50 million senior secured credit facility with K2 HealthVentures. The AdvisorShares Psychedelics ETF (NYSE:PSIL) opened at $1.8 on August 14, slightly below prior openings.

Portfolio Pulse from Lara Goldstein

August 21, 2023 | 2:55 pm

LWLG

Lightwave Logic Inc (NASDAQ:LWLG) has expanded its corporate facility in Englewood, Colorado by 10,000 square feet, increasing the total size by over 65%. The expansion will support commercial device testing, production reliability testing, and the expansion of the chemical synthesis production line. The company's headcount will increase to 33. The expansion will support commercial material supply and license agreements, such as the recent agreement to provide Perkinamine® chromophore materials for polymer-based photonic devices and photonic integrated circuits.

Portfolio Pulse from Lekha Gupta

August 21, 2023 | 2:48 pm

SHOP

Unusual options activity has been observed for Shopify (NYSE:SHOP), with a bearish stance taken by a large investor. The overall sentiment of these big-money traders is split between 45% bullish and 54% bearish. The price range targeted by these investors for Shopify over the last 3 months is from $45.0 to $100.0. RBC Capital, JMP Securities, Citigroup, and Goldman Sachs have maintained their ratings on Shopify, with price targets ranging from $65 to $80.

Portfolio Pulse from Benzinga Insights

August 21, 2023 | 2:46 pm

KRYS

Krystal Biotech (NASDAQ:KRYS) has sold its Rare Pediatric Disease Priority Review Voucher (PRV) for $100 million. The PRV was awarded following the FDA's accelerated approval of Vyjuvek, a treatment for dystrophic epidermolysis bullosa (DEB). The company estimates about 3,000 total DEB patients in the U.S. KRYS shares are trading higher by 0.15% to $119.58.

Portfolio Pulse from Nabaparna Bhattacharya

August 21, 2023 | 2:39 pm

MPW

Medical Properties Trust Inc (MPW) has outlined a new capital allocation strategy aimed at enhancing its balance sheet, reducing its cost of capital, and increasing long-term shareholder value. The company plans to cut discretionary operating expenses and other costs, continue refinancing, sales, and joint-venture opportunities, and reduce its asset base. It has also declared a quarterly dividend of 15 cents per share. Over the past 18 months, MPW has closed several deals to lower its adjusted funds from operations (AFFO), and has more deals expected to close in H2 2023.

Portfolio Pulse from Lekha Gupta

August 21, 2023 | 2:33 pm

PWR

Quanta Services's (NYSE:PWR) short percent of float has fallen 4.88% since its last report, with 3.99 million shares sold short, which is 3.12% of all regular shares available for trading. It would take traders 5.84 days to cover their short positions on average. The company has less short interest than most of its peers, with an average of 4.07%.

Portfolio Pulse from Benzinga Insights

August 21, 2023 | 2:30 pm

LLY

A significant bearish stance has been taken on Eli Lilly (LLY) by a large investor, as observed in the options history. The overall sentiment of big-money traders is split between 46% bullish and 53% bearish. Whales have been targeting a price range from $250 to $600 for Eli Lilly over the last 3 months. The price of LLY is up 1.02% at $552.0. Jefferies, Wells Fargo, Truist Securities, and Barclays have a positive outlook on LLY, while Goldman Sachs maintains a neutral rating.

Portfolio Pulse from Benzinga Insights

August 21, 2023 | 2:16 pm