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VMEO

Vimeo has announced the departure of its CEO, Anjali Sud, and the appointment of Adam Gross as interim CEO, effective from September 1. The company has also reaffirmed its Q2 and FY23 financial outlook.

Portfolio Pulse from Happy Mohamed

July 05, 2023 | 8:08 pm

WFC

A significant number of investors have taken a bearish stance on Wells Fargo (NYSE:WFC), with 66% of detected trades being bearish. The targeted price range for Wells Fargo over the last 3 months has been $30.0 to $47.5. The current price of WFC is $43.45, up 0.13%. Citigroup, Raymond James, Morgan Stanley, and RBC Capital have all provided their ratings and price targets for Wells Fargo.

Portfolio Pulse from Benzinga Insights

July 05, 2023 | 8:02 pm

TMUS

T-Mobile US (NASDAQ:TMUS) has seen unusual options activity, with 20 strange trades detected. Half of the investors opened trades with bullish expectations and half with bearish. The total amount for puts is $469,192 and for calls is $257,615. Whales have been targeting a price range from $55.0 to $140.0 for T-Mobile US over the last 3 months. The current price of TMUS is up 0.03% at $139.37. Wolfe Research upgraded its action to Outperform with a price target of $160, Benchmark downgraded its action to Buy with a price target of $200, and Morgan Stanley maintained their Overweight rating with a price target of $178.

Portfolio Pulse from Benzinga Insights

July 05, 2023 | 8:01 pm

NKLA

Nikola Corporation (NASDAQ:NKLA) has been awarded a $41.9 million grant by the California Transportation Commission (CTC) to build six heavy-duty hydrogen refueling stations across Southern California. The grant is part of the Trade Corridor Enhancement Program (TCEP) and will be used to further Caltrans' zero-emission vehicle (ZEV) strategy. The stations are expected to facilitate refueling for approximately 80 to 100 trucks per station per day and are designed to scale up over time.

Portfolio Pulse from Happy Mohamed

July 05, 2023 | 8:01 pm

BLK

BTCUSD

Blackrock CEO Larry Fink has described Bitcoin as an international asset in a recent statement. This comment from the head of the world's largest asset manager could potentially influence the perception of Bitcoin in the financial world.

Portfolio Pulse from Happy Mohamed

July 05, 2023 | 7:53 pm

BZFD

BuzzFeed's CEO, Jonah Peretti, is hoping to raise $150 million from the sale of Complex Networks' assets, including its annual ComplexCon festival and video series. The proceeds could be used to pay off BuzzFeed's expensive debt load, which could be due as early as December next year. The company's shares are currently trading around 50 cents, with a market capitalization of $70 million.

Portfolio Pulse from Happy Mohamed

July 05, 2023 | 7:52 pm

GSK

TEVA

Teva Pharmaceutical Industries Ltd is considering strategic options for its active pharmaceutical ingredients (API) unit, which could include a potential sale. The API unit could be valued at approximately $2 billion. The company has been struggling with substantial debt and poor share price performance. In May, the U.S. Supreme Court turned away hearing Teva's challenge to a $235 million award to GSK plc in a patent dispute.

Portfolio Pulse from Vandana Singh

July 05, 2023 | 7:38 pm

MU

A whale investor has taken a bullish stance on Micron Technology (NASDAQ:MU), with 53% of investors opening trades with bullish expectations. The whale has been targeting a price range from $50.0 to $75.0 for Micron Technology over the last 3 months. The price of MU is currently down -2.5% at $62.3. Several experts have maintained their positive ratings on Micron Technology, with price targets ranging from $70 to $80.

Portfolio Pulse from Benzinga Insights

July 05, 2023 | 7:31 pm

LVS

A significant bearish stance has been taken on Las Vegas Sands (NYSE:LVS) by a large investor, as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 46% bullish and 53% bearish. The whales have been targeting a price range from $35.0 to $67.5 for Las Vegas Sands over the last 3 months. Jefferies has downgraded its action to Hold with a price target of $65, while JP Morgan maintains their Overweight rating with a price target of $72.

Portfolio Pulse from Benzinga Insights

July 05, 2023 | 7:15 pm

NKE

QQQ

SPY

TSLA

Benzinga's AI-powered portfolio, managed by OpenAI's ChatGPT, slipped from seventh to fifth place in the eighth week of a six-month experiment comparing its performance against 10 leading U.S. equity funds. The portfolio, which started with a hypothetical $10,000, is currently up 8.6% over seven weeks. Tesla Inc (TSLA) continues to be the star performer in the portfolio, up 65.46% since the position was taken, while Nike Inc (NKE) is the biggest loser, down 8.75%.

Portfolio Pulse from AJ Fabino

July 05, 2023 | 7:15 pm