Streetbeat News

Equity Actions

Parker Hannifin's (NYSE:PH) short percent of float has fallen 3.12% since its last report, with 1.18 million shares sold short, which is 0.93% of all regular shares available for trading. This decrease in short interest could indicate a more bullish market sentiment towards the stock. Compared to its peers, Parker Hannifin has less short interest.

Portfolio Pulse from Benzinga Insights

September 06, 2023 | 5:45 pm

GROM

Grom Social Enterprises, Inc. (NASDAQ:GROM) has announced a 1-for-20 reverse stock split of its common shares to comply with Nasdaq's minimum bid price requirement. The reverse split will be effective on September 7, 2023, and the company's common stock will trade under the same symbol, GROM. Post-split, the company will have approximately 452,219 shares of common stock issued and outstanding. The exercise price per share of common stock subject to the company's warrants will be proportionately increased.

Portfolio Pulse from Happy Mohamed

September 06, 2023 | 5:41 pm

AMC

BIDU

GOOG

GOOGL

NFLX

PARA

ROKU

TMUS

WBD

WMG

Benzinga's options activity scanner has identified significant options activity in 10 communication services stocks. The stocks include Netflix (NFLX), Warner Music Group (WMG), Paratek Pharmaceuticals (PARA), WBD (WBD), Roku (ROKU), AMC Entertainment (AMC), Baidu (BIDU), Google (GOOG), T-Mobile US (TMUS), and Alphabet (GOOGL). The options activity ranges from bearish to bullish and neutral sentiments, with varying expiration dates and strike prices.

Portfolio Pulse from Benzinga Insights

September 06, 2023 | 5:35 pm

TMUS

T-Mobile's CEO has announced a $19 billion share buyback program that will run through the end of 2024. The announcement was made at a Goldman Sachs conference.

Portfolio Pulse from Happy Mohamed

September 06, 2023 | 5:28 pm

RVYL

RYVYL Inc. has announced a 1-for-10 reverse stock split of its common stock, which is expected to become effective on September 6, 2023. The move aims to increase the market price per share to maintain compliance with the $1.00 minimum bid price required for continued listing on The Nasdaq Capital Market and to make investments in the company more attractive. Post-split, the number of outstanding shares will reduce from approximately 52.4 million to 5.24 million.

Portfolio Pulse from Happy Mohamed

September 06, 2023 | 5:22 pm

TMUS

T-Mobile US (TMUS) will be presenting at the Goldman Sachs 2023 Communacopia and Technology Conference. Following this announcement, the company's shares have been observed to move lower.

Portfolio Pulse from Happy Mohamed

September 06, 2023 | 5:18 pm

NKE

A significant bearish stance has been taken on Nike (NYSE:NKE) by a whale investor. Out of 15 unusual trades, 66% were bearish and 33% bullish. The total amount for puts was $602,434 and for calls was $96,814. The targeted price range for Nike over the last 3 months was $75.0 to $145.0. The current price of NKE is down -0.77% at $99.55. Stifel maintains a Buy rating on Nike with a price target of $135.

Portfolio Pulse from Benzinga Insights

September 06, 2023 | 5:17 pm

TEAM

A significant investor has taken a bearish stance on Atlassian (NASDAQ:TEAM), with 60% of recent trades being bearish and 40% bullish. The total amount for put options is $239,960 and for call options is $196,141. Whales have been targeting a price range from $160.0 to $195.0 for Atlassian over the last 3 months. The current price of TEAM is down -0.52% at $204.83. Citigroup maintains their Buy rating on Atlassian with a price target of $230.

Portfolio Pulse from Benzinga Insights

September 06, 2023 | 5:16 pm

CHTR

DIS

WBD

Macquarie analyst Tim Nollen maintained an Outperform rating on Warner Bros. Discovery, Inc (NASDAQ:WBD) with a $20 price target. WBD revised its FY23 adjusted EBITDA guidance due to ongoing writers' and actors' strikes. However, the company raised its FY23 FCF guidance due to cash cost savings and the box office success of Barbie. WBD is confident in achieving its target of <4x net debt/EBITDA by year-end FY23. The analyst also noted market anxieties over the state of the linear bundle on Walt Disney Co (NYSE:DIS) and Charter Communications, Inc (NASDAQ:CHTR) carriage dispute. Rosenblatt analyst Barton Crockett reiterated Warner Bros. Discovery with a Sell and a $10 price target.

Portfolio Pulse from Anusuya Lahiri

September 06, 2023 | 5:16 pm

MSFT

Microsoft Corp (NASDAQ:MSFT) shares are trading lower amid overall market weakness, elevated oil prices, and rising Treasury yields. The rising interest rates could increase borrowing costs for consumers and businesses, potentially reducing their spending on software and technology services, negatively impacting Microsoft's revenue and growth prospects. Higher interest rates could also affect the competitive landscape in the technology industry, impacting Microsoft's and its competitors' ability to invest in research and development or expansion efforts.

Portfolio Pulse from Henry Khederian

September 06, 2023 | 5:11 pm