Streetbeat News

Equity Actions

AVGR

CATX

NKLA

SQL

WORX

Several stocks experienced significant movement in Monday's mid-day session. Notably, Nikola Corporation's shares rose by 33% following the appointment of a new chief operating officer. Other gainers included SCWorx Corp., Avinger, Inc., SeqLL Inc., and Perspective Therapeutics, Inc. On the other hand, stocks such as Earlyworks Co., Ltd, STRATA Skin Sciences, Inc., AERWINS Technologies Inc., and MSP Recovery, Inc. saw a dip in their share prices.

Portfolio Pulse from Lisa Levin

September 18, 2023 | 5:25 pm

IBEX

IBEX has announced a $30 million share repurchase program, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 4:52 pm

AAPL

QQQ

XLE

XOM

Energy stocks have outperformed tech stocks over the past three months, driven by a 30% rise in WTI-graded crude oil since mid-June. This is due to production cuts by Saudi Arabia and Russia, and a robust U.S. economy. The Nasdaq 100 index, represented by the Invesco QQQ Trust, showed a 39% increase in the first half of the year, largely due to the AI boom. However, in the last three months, the index has been flat, while energy stocks, represented by the Energy Select Sector SPDR Fund, have risen by 19%. The largest energy stock, Exxon Mobil Corp., has outperformed the largest tech stock, Apple Inc.

Portfolio Pulse from Piero Cingari

September 18, 2023 | 4:46 pm

CMG

A significant bearish stance has been taken on Chipotle Mexican Grill (NYSE:CMG) by a whale investor. Out of the unusual options trades detected, 85% were bearish and 14% bullish. The targeted price range for Chipotle over the last 3 months is $1500.0 to $2200.0. The current price of CMG is up 1.39% at $1939.0. Truist Securities and Wedbush have downgraded their actions to Buy and Outperform respectively, with price targets of $2230 and $2200.

Portfolio Pulse from Benzinga Insights

September 18, 2023 | 4:46 pm

AGRI

AVGR

CGC

NKLA

RBT

SQL

US stocks traded higher with the Dow Jones gaining around 70 points. Energy shares rose by 0.9% while consumer discretionary shares fell by 0.9%. The NAHB/Wells Fargo Housing Market Index fell for a second month to a reading of 45 in September. Nikola Corporation (NKLA), Avinger, Inc. (AVGR), and SeqLL Inc. (SQL) saw their shares rise significantly. Canopy Growth Corporation (CGC), Rubicon Technologies, Inc. (RBT), and AgriFORCE Growing Systems Ltd. (AGRI) saw their shares drop.

Portfolio Pulse from Lisa Levin

September 18, 2023 | 4:24 pm

UBER

A significant number of bullish trades have been observed in Uber Technologies' options, with whales targeting a price range of $35.0 to $55.0 over the last 3 months. The largest trades include both puts and calls, with the biggest put trade at a strike price of $45.00 and the biggest call trade at a strike price of $35.00. RBC Capital has downgraded its action to Outperform with a price target of $58. Uber's stock price is currently down by 0.95% at $47.07.

Portfolio Pulse from Benzinga Insights

September 18, 2023 | 4:15 pm

CHWY

Chewy Inc's (NYSE:CHWY) shares are trading lower by 2.85% to $19.58, hitting a new all-time low. The drop follows the company's filing for a mixed shelf offering and disappointing Q2 results. The company intends to use the proceeds from the sale of securities for general corporate purposes, including debt repayment, financing acquisitions, and working capital.

Portfolio Pulse from Henry Khederian

September 18, 2023 | 4:09 pm

TSLA

Goldman Sachs has reduced its EPS estimates for Tesla for 2023 and 2024 to $2.90 and $4.15 from $3.00 and $4.25 respectively. The bank believes that Tesla may lower prices in 2024 to support higher volumes, which could offset the EPS benefit from cost reductions.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 3:56 pm

IDEX

Ideanomics Inc's shares are trading lower by 8.8% to $1.92, following the company's recent implementation of a 1-for-125 reverse stock split. The split was initiated to meet the minimum bid price requirement of $1.00 for maintaining listing on The Nasdaq Capital Market. Over the past month, Ideanomics shares have fallen approximately 68%.

Portfolio Pulse from Henry Khederian

September 18, 2023 | 3:39 pm

ABNB

A significant amount of unusual options activity has been observed for Airbnb (NASDAQ:ABNB), with a split sentiment of 50% bullish and 50% bearish among big-money traders. The options trades have targeted a price range of $115.0 to $170.0 for Airbnb over the last 3 months. Tigress Financial has downgraded its action to Buy with a price target of $185, while Truist Securities maintains a Hold rating with a price target of $126.

Portfolio Pulse from Benzinga Insights

September 18, 2023 | 3:31 pm