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Equity Actions

PMEC

Primech Holdings Ltd. (NASDAQ:PMEC) is set to IPO on September 28 on the NASDAQ exchange under the ticker PMEC. The company is offering shares at an expected price between $4.00 and $5.00 per share with an insider lock-up period of 180 days ending on March 26, 2024.

Portfolio Pulse from Benzinga Insights

September 27, 2023 | 3:00 pm

CVX

A significant investor has taken a bearish stance on Chevron (NYSE:CVX), with 60% of recent trades being bearish and 40% bullish. The total amount for puts is $78,632 and for calls is $728,609. Whales have been targeting a price range from $160.0 to $195.0 for Chevron over the last 3 months. The current price of CVX is up 1.29% at $169.97. Mizuho maintains their Buy rating on Chevron with a price target of $215.

Portfolio Pulse from Benzinga Insights

September 27, 2023 | 2:46 pm

SGEN

A significant amount of unusual options activity has been observed for Seagen (NASDAQ:SGEN), with a majority of investors taking a bearish stance. The targeted price range for Seagen over the last 3 months is from $140.0 to $230.0. The current price of SGEN is down -1.14% at $213.69. Truist Securities has downgraded its action to Hold with a price target of $229.

Portfolio Pulse from Benzinga Insights

September 27, 2023 | 2:46 pm

JD

A significant bullish stance has been taken on JD.com (NASDAQ:JD) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split between 72% bullish and 27% bearish. The price target for JD.com over the last 3 months has been between $29.5 and $40.0. Susquehanna and Loop Capital have maintained their Neutral and Hold ratings on JD.com, respectively, with price targets of $38 and $39.

Portfolio Pulse from Benzinga Insights

September 27, 2023 | 2:46 pm

AAPL

AMZN

BTCUSD

GOOG

META

MSFT

MU

NVDA

QQQ

SPY

TSLA

Positive sentiment is returning to the stock market due to window dressing and good data from China. Invesco QQQ Trust Series 1 (NASDAQ:QQQ) is oversold and bouncing back. Chinese industrial profits rose 17.2% YoY, boosting stocks in Hong Kong and global sentiment. Investors are watching the potential U.S. government shutdown. Durable orders remain strong. Micron Technology Inc (NASDAQ:MU) will report earnings after market close. Money flows are positive in Apple Inc (NASDAQ:AAPL), Amazon.com, Inc. (NASDAQ:AMZN), Alphabet Inc Class C (NASDAQ:GOOG), Meta Platforms Inc (NASDAQ:META), Microsoft Corp (NASDAQ:MSFT), NVIDIA Corp (NASDAQ:NVDA), Tesla Inc (NASDAQ:TSLA), SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ Trust Series 1 (NASDAQ:QQQ).

Portfolio Pulse from The Arora Report

September 27, 2023 | 2:44 pm

RL

Ralph Lauren Corporation (NYSE:RL) is expanding its presence in Canada with the launch of a digital commerce platform and its first store in the country, located in Toronto's Yorkdale Shopping Centre. The company plans to further expand in the coming years. The new RalphLauren.ca portal will offer a full portfolio of its brands and is set to go live on October 11.

Portfolio Pulse from Shivani Kumaresan

September 27, 2023 | 2:37 pm

COSM

Cosmos Health Inc. (NASDAQ:COSM) announced its intention to spin off its research and development (R&D) division into a publicly listed standalone biotech company. The company has been investing in innovative R&D over the past few years, with projects addressing major health disorders such as obesity, cancer, and diabetes. The spinoff is part of the company's strategy to unlock shareholder value.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 2:33 pm

LRCX

A significant investor has taken a bearish stance on Lam Research (NASDAQ:LRCX), with 70% of recent trades being bearish. The total amount for puts is $418,445 and for calls is $115,610. Whales have been targeting a price range from $560.0 to $650.0 for Lam Research over the last 3 months. The current price of LRCX is up 1.16% at $613.01. Wolfe Research has downgraded its action to Outperform with a price target of $825.

Portfolio Pulse from Benzinga Insights

September 27, 2023 | 2:32 pm

PIXY

ShiftPixy Inc (NASDAQ:PIXY) shares surged by 157% after the company announced the effective date for its 1-for-24 reverse stock split. The reverse split will be implemented on September 30, following a shareholder vote on August 21. The newly reversed shares will be tradable on Nasdaq from October 2, 2023. The move is expected to create scarcity and increased demand for the remaining shares.

Portfolio Pulse from Henry Khederian

September 27, 2023 | 2:31 pm

MSOS

Alexa Alianiello highlighted an OMD study at the Benzinga Cannabis Capital Conference, which shows that total attention seconds on X are higher than other social media companies. MSOS was also mentioned in the article.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 2:23 pm