Streetbeat News

Assets

PANW

A significant number of investors have taken a bearish stance on Palo Alto Networks (NASDAQ:PANW), with 51% of trades being bearish and 48% bullish. The targeted price range for the company over the last three months has been $195.0 to $306.67. The current price of PANW is up 1.27% at $257.88. Several financial institutions have maintained their positive ratings on Palo Alto Networks, with price targets ranging from $230 to $307.

Portfolio Pulse from Benzinga Insights

July 05, 2023 | 8:16 pm

APLE

MAR

Apple Hospitality REIT, Inc. (NYSE:APLE) has acquired the Courtyard by Marriott Cleveland University Circle for $31 million. The hotel, located in a prime educational, medical, and social district, recently underwent a complete renovation. The acquisition is part of Apple Hospitality's strategy to refine, enhance, and grow its portfolio in markets with strong growth trajectories and attractive cost structures. Post-acquisition, Apple Hospitality's portfolio includes 221 hotels across 37 states.

Portfolio Pulse from Happy Mohamed

July 05, 2023 | 8:15 pm

SPY

Federal Reserve's John Williams expressed surprise at the resilience of the housing market amidst the pandemic. He did not mention any specific stocks or ETFs.

Portfolio Pulse from Happy Mohamed

July 05, 2023 | 8:13 pm

VSTM

Verastem Oncology has finalized the design of its Phase 3 trial for the combination of avutometinib and defactinib in treating recurrent low-grade serous ovarian cancer. The trial, RAMP 301, will commence in the second half of 2023. The company also intends to file for accelerated FDA approval based on data from RAMP 201 and the FRAME trial. As of March 31, 2023, Verastem had cash and short-term investments of $111.2M, which increased to approximately $202.7M after a public offering in June 2023.

Portfolio Pulse from Happy Mohamed

July 05, 2023 | 8:11 pm

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