Streetbeat News

Equity Actions

SMX

SMX (Security Matters) Public Limited Company has announced that the previously approved 1-for-22 reverse stock split will take effect on August 21, 2023. The split will reduce the number of outstanding ordinary shares from approximately 48.8 million to approximately 2.2 million. The purpose of the split is to increase the per share trading price of the company's common stock, which is expected to satisfy the minimum bid price requirement for continued listing on NASDAQ.

Portfolio Pulse from Happy Mohamed

August 18, 2023 | 4:51 pm

AAPL

Bill Baruch, the founder and president of both Blue Line Capital and Blue Line Futures, announced on CNBC that he has bought more Apple shares.

Portfolio Pulse from Happy Mohamed

August 18, 2023 | 4:50 pm

PLTR

Palantir Technologies Inc. (NYSE:PLTR) shares are trending on social media and have fallen by nearly 7% for the week. Despite releasing its Q2 financial report in line with expectations and announcing a $1 billion share buyback program, the shares have trended downward. The stock is also seeing above-average trading volume with over 41 million shares traded in the session.

Portfolio Pulse from Erica Kollmann

August 18, 2023 | 4:28 pm

NKE

A whale investor has taken a bearish stance on Nike (NYSE:NKE), with 61% of the spotted trades being bearish and 38% bullish. The total amount for puts is $600,824 and for calls is $168,228. Whales have been targeting a price range from $90.0 to $107.0 for Nike over the last 3 months. The current price of NKE is down -0.66% at $104.36. Next earnings are expected in 41 days.

Portfolio Pulse from Benzinga Insights

August 18, 2023 | 4:16 pm

FDX

A significant bearish stance on FedEx (NYSE:FDX) has been observed through unusual options activity. The sentiment among these big-money traders is 5% bullish and 94% bearish. The whales have been targeting a price range from $210.0 to $280.0 for FedEx over the last 3 months. Currently, the price of FDX is down -0.69% at $263.08. Stephens & Co. downgraded its action to Overweight with a price target of $290.

Portfolio Pulse from Benzinga Insights

August 18, 2023 | 4:16 pm

AZN

AstraZeneca has seen a significant increase in call options for September 15 at $70, with 2594 contracts traded near the ask price, compared to an open interest of 952. The reference price is $68.4.

Portfolio Pulse from Charles Gross

August 18, 2023 | 4:15 pm

BX

Investor Business Daily SwingTrader has reportedly purchased stock in Blackstone. No further details about the transaction were provided.

Portfolio Pulse from Happy Mohamed

August 18, 2023 | 4:08 pm

COTY

Street.com Action Alert Plus has reportedly purchased shares in Coty Inc. (COTY).

Portfolio Pulse from Happy Mohamed

August 18, 2023 | 4:07 pm

AAPL

NVDA

TSM

Taiwan's economic growth is faltering, with the nation's economic trajectory set to be its least impressive since 2015. The growth projection for 2023 has been scaled down for the third consecutive time to 1.61%. Taiwan Semiconductor Manufacturing Co (TSMC), a key supplier to Apple Inc and Nvidia Corp, has signaled caution by trimming its annual revenue outlook. TSMC reaffirmed projections for revenue in the first half of 2023 to decline by about 10% in U.S. dollar terms.

Portfolio Pulse from Anusuya Lahiri

August 18, 2023 | 3:55 pm

TSLA

Tesla shares are trading lower due to rising yields, Chinese economic uncertainty, recent price cuts, and weakness in China rival XPeng.

Portfolio Pulse from Benzinga Newsdesk

August 18, 2023 | 3:42 pm