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DRI

MURF

SEEL

SPLK

TVTX

US stocks traded lower with the Dow Jones falling around 200 points. Darden Restaurants Inc reported better-than-expected earnings for its first quarter with sales growth of 11.6% YoY to $2.73 billion. Murphy Canyon Acquisition Corp. shares shot up 39% after stockholder approval of the proposed combination with Conduit Pharmaceuticals. Cisco Systems agreed to acquire Splunk for $157 per share in cash. Travere Therapeutics shares dropped 41% after announcing topline two-year confirmatory secondary endpoint results from its Phase 3 PROTECT Study. Seelos Therapeutics was down 38% after announcing a $4.5 million registered direct offering of common stock and warrants to purchase common stock.

Portfolio Pulse from Lisa Levin

September 21, 2023 | 6:30 pm

REPX

Riley Exploration Permian's Form4 filing reveals that Libin Alvin Gerald purchased 100,000 shares at an average price of $30.25 per share.

Portfolio Pulse from Benzinga Newsdesk

September 21, 2023 | 6:26 pm

BNP

C

COTY

US beauty and fragrance company, Coty Inc., is planning a Paris listing that could occur in the coming weeks. The company has engaged BNP Paribas SA and Citigroup Inc. to facilitate the deal. Coty is considering raising fresh capital from the listing.

Portfolio Pulse from Benzinga Newsdesk

September 21, 2023 | 6:03 pm

VRSK

Verisk Analytics Inc.'s stock price is currently at $242.22, after a 1.67% decrease. However, the stock has increased by 3.22% over the past month and by 38.25% over the past year. The company's P/E ratio is 48.3, higher than the Professional Services industry average of 47.42, indicating that investors expect the company to perform better in the future.

Portfolio Pulse from Benzinga Insights

September 21, 2023 | 5:45 pm

DUK

Unusual options activity has been observed for Duke Energy (NYSE:DUK), with a bearish stance taken by a large investor. Benzinga's options scanner spotted 10 options trades for Duke Energy, with 70% bearish sentiment. Whales have been targeting a price range from $90.0 to $100.0 for Duke Energy over the last 3 months. The price of DUK is down -0.41% at $93.98. Barclays, Mizuho, RBC Capital, and Morgan Stanley have maintained their ratings on Duke Energy with price targets ranging from $91 to $101.

Portfolio Pulse from Benzinga Insights

September 21, 2023 | 5:34 pm

INNPF

Innocan Pharma Corporation (OTCQB:INNPF) has entered into an agreement with Research Capital Corporation for a private placement offering of units at $0.30 per unit, aiming to raise up to $3 million. The proceeds will be used for pre-investigational new drug meetings with the FDA, expansion of derma-cosmetic product distribution, and other purposes. The offering is expected to close around the week of October 10, 2023.

Portfolio Pulse from Jelena Martinovic

September 21, 2023 | 5:08 pm

CRWD

NNN

NXPI

CNBC's Halftime Report discussed final trades involving NNN REIT, NXP Semiconductors, and CrowdStrike Holdings. The stocks of these companies were mentioned as potential investment opportunities.

Portfolio Pulse from Benzinga Newsdesk

September 21, 2023 | 5:00 pm

OPUSD

The Optimism Foundation is conducting a private token sale of approximately 116 million OP tokens. The sale involves seven buyers and is primarily aimed at treasury management. The tokens originate from the Unallocated segment of the OP Token treasury and were part of the Foundation's initial working budget. Buyers will be subjected to a two-year lockup period but can delegate these tokens to independent third parties for governance participation. The Foundation recently executed its third community airdrop, distributing 19.4 million tokens to over 31,000 users.

Portfolio Pulse from Murtuza Merchant

September 21, 2023 | 4:33 pm

SYY

Sysco's (NYSE:SYY) short percent of float has fallen 8.47% since its last report, with 8.16 million shares sold short, which is 1.62% of all regular shares available for trading. It would take traders 3.3 days to cover their short positions on average. Sysco's peer group average for short interest as a percentage of float is 4.24%, indicating that the company has less short interest than most of its peers.

Portfolio Pulse from Benzinga Insights

September 21, 2023 | 4:30 pm

DDOG

A significant bullish stance has been taken on Datadog (NASDAQ:DDOG) by an unknown entity, with 11 uncommon options trades spotted. The sentiment of these trades is split between 54% bullish and 45% bearish. The whales have been targeting a price range from $65.0 to $100.0 for Datadog over the last 3 months. The price of DDOG is currently down -3.54% at $88.79. Citigroup has maintained their Buy rating on Datadog, with a price target of $125.

Portfolio Pulse from Benzinga Insights

September 21, 2023 | 4:18 pm