Streetbeat News

Equity Actions

BPTH

Bio-Path Holdings has priced a 3.5 million unit offering at $0.60 per unit, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 1:59 pm

RBOT

Vicarious Surgical has priced a $45 million offering, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 1:59 pm

EVGO

EVgo, Inc. reported better-than-expected Q2 results with revenue increasing to $50.6 million, a 457% YoY growth. The company also announced a leadership succession plan, with Badar Khan set to succeed Cathy Zoi as CEO in November. EVgo shares are trading higher following the news.

Portfolio Pulse from Erica Kollmann

August 04, 2023 | 1:56 pm

DOV

Jim Lebenthal, a regular CNBC contributor, has sold his shares in Dover Corporation (DOV).

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 1:52 pm

COP

ConocoPhillips anticipates a decrease in Lower 48 capital in the second half of the year. The company has invested $700M in the Port Arthur LNG Project, which is expected to result in a reduction in overall capital expenditure in H2.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 1:51 pm

TWLO

Zacks SurpriseTrader has reportedly purchased shares in Twilio (TWLO).

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 1:51 pm

UNP

A significant bullish stance has been taken on Union Pacific (NYSE:UNP) with unusual options activity noticed. The sentiment among these big-money traders is split between 60% bullish and 40% bearish. Whales have been targeting a price range from $225.0 to $250.0 for Union Pacific over the last 3 months. The price of UNP is up 0.22% at $230.69. RBC Capital, Barclays, and Benchmark have positive ratings on Union Pacific with price targets of $282, $285, and $264 respectively, while Stephens & Co. and JP Morgan have neutral ratings with price targets of $257 and $254 respectively.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 1:49 pm

UPS

United Parcel Service Inc. (NYSE:UPS) shares are trading at $184.35, after a 0.55% increase. Over the past month, the stock spiked by 2.83%, but fell by 6.37% in the past year. The company's P/E ratio is lower than the aggregate P/E of the Air Freight & Logistics industry, indicating that the stock might be undervalued.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 1:49 pm

AAPL

AMZN

GOOG

META

MSFT

NVDA

QCOM

QQQ

SPY

TSLA

Investors are pinning hopes on Apple (AAPL) and Amazon (AMZN) earnings to drive the stock market higher by stoking AI frenzy. AAPL is the largest and most popular stock and carries heavy weight in the indexes. Bullish investors are expecting AAPL stock to jump to about $210 after earnings. Qualcomm (QCOM), a major supplier of technology to all smartphones including Apple, stated on its conference call that it is seeing significant weakness in phone sales in China. Money flows are negative in the early trade in Apple, Amazon, Alphabet (GOOG), Meta Platforms (META), Microsoft (MSFT), NVIDIA (NVDA), and Tesla (TSLA). Money flows in the early trade in Invesco QQQ Trust Series 1 (QQQ), and SPDR S&P 500 ETF Trust (SPY) are negative.

Portfolio Pulse from The Arora Report

August 04, 2023 | 1:47 pm

GSK

GSK Inc.'s share price is currently at $34.12, after a 1.46% drop. Over the past month, the stock increased by 0.10%, but decreased by 15.89% over the past year. The company's P/E ratio is 10.65, lower than the aggregate P/E ratio of 41.96 in the Pharmaceuticals industry, which could indicate that the stock is undervalued or has weak growth prospects.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 1:40 pm