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Equity Actions

USB

U.S. Bancorp (NYSE:USB) has launched a new initiative to serve small-to-midsize healthcare practices with up to $25 million in annual revenue. The bank aims to help these providers accept payments, streamline operations, and improve patient experience. The service also includes wealth management expertise to help practitioners achieve their personal financial goals. The bank is adding over 50 new positions nationwide to power the initiative.

Portfolio Pulse from Nabaparna Bhattacharya

September 14, 2023 | 5:15 pm

FSLR

BMO Capital Markets analyst Ameet Thakkar has upgraded First Solar, Inc (NASDAQ:FSLR) to Outperform with an unchanged price target of $237. Thakkar notes that despite falling global prices for solar modules, FSLR is steadily building sales volumes. The analyst also applauds FSLR's announcement of a 5 GW order from solar developer Energix. Thakkar adds that the recent weakness in FSLR shares presents an attractive entry point. FSLR share price has declined 18% since its 2Q earnings call compared to 3% for the S&P 500 over this timeframe.

Portfolio Pulse from Nabaparna Bhattacharya

September 14, 2023 | 5:05 pm

VZ

Verizon Communications (NYSE:VZ) has seen unusual options activity, with over 10 trades summing to $341,088. Whales have been targeting a price range from $33.0 to $35.0 for Verizon over the last 3 months. The price of VZ is up 1.05% at $34.22. Citigroup upgraded its action to Buy with a price target of $40, while Oppenheimer downgraded its action to Outperform with a price target of $43.

Portfolio Pulse from Benzinga Insights

September 14, 2023 | 5:01 pm

MS

A large investor has taken a bullish stance on Morgan Stanley (NYSE:MS), with 10 uncommon options trades spotted. The sentiment of these trades is split 50% bullish and 50% bearish. The trades include 2 puts amounting to $54,642 and 8 calls amounting to $300,250. Whales have been targeting a price range from $80.0 to $95.0 for Morgan Stanley over the last 3 months. HSBC has downgraded its action to Buy with a price target of $99, while Oppenheimer maintains their Outperform rating with a price target of $105.

Portfolio Pulse from Benzinga Insights

September 14, 2023 | 4:31 pm

RTX

Jim Lebenthal announced on CNBC that he has sold his shares in Raytheon Technologies Corporation (RTX).

Portfolio Pulse from Benzinga Newsdesk

September 14, 2023 | 4:29 pm

ARM

NVDA

SFTBY

ARM Holdings PLC has launched its IPO with a valuation of $54.5 billion, marking the biggest IPO of 2023. SoftBank, which acquired ARM in 2016, is retaining 90% ownership and offering 10% of the company on the open market. SoftBank recently consolidated its ownership from 75% to 100% before the IPO. ARM's CPUs are a vital component for Nvidia Corp’s GPUs to operate AI functions.

Portfolio Pulse from AJ Fabino

September 14, 2023 | 4:29 pm

ARM

Arm Holdings has started trading on the stock market with its initial public offering (IPO) opening at $56.10. This has led to a surge in the company's shares.

Portfolio Pulse from Benzinga Newsdesk

September 14, 2023 | 4:20 pm

BIOL

CMND

FWBI

IBEX

MYTE

PFSW

U.S. stocks traded higher with the Nasdaq Composite gaining around 100 points. Energy shares jumped by 1.2%. First Wave BioPharma, PFSweb, and MYT Netherlands Parent shares rose significantly after positive news. However, IBEX Limited, Clearmind Medicine, and BIOLASE shares dropped due to negative financial results and public offerings. Oil traded up 1.7% to $90.04.

Portfolio Pulse from Lisa Levin

September 14, 2023 | 4:19 pm

V

Visa has announced that it is exploring a potential exchange offer for its Class B common stock, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

September 14, 2023 | 4:01 pm

ARM

NVDA

SFTBY

Arm Holdings PLC has issued its initial public offering (IPO) valued at $54.5 billion, making it the largest IPO of 2023. The company, crucial for Nvidia Corp’s GPUs to facilitate AI operations, was acquired by SoftBank Group Corp in 2016. SoftBank chose to retain 90% of the company, releasing 10% of its shares to public investors. Arm's growth in China primarily revolves around data centers and the automotive sector, with 25% of its revenues coming from the country. SoftBank has decreased its exposure to China.

Portfolio Pulse from AJ Fabino

September 14, 2023 | 3:39 pm