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Equity Actions

RCRT

RCRTW

Recruiter.com Group, Inc. (NASDAQ:RCRT)(NASDAQ:RCRTW) has announced a registered direct offering of 3.33M shares at $0.3108/share, and a concurrent private placement of 3.33M shares exercisable in six months at the same price. The transactions are expected to close on August 21, 2023, and the proceeds will be used for working capital and other corporate purposes. The aggregate gross proceeds are expected to be approximately $1.036 million.

Portfolio Pulse from Happy Mohamed

August 17, 2023 | 8:02 pm

BARK

BARK has announced the authorization of a share repurchase program for up to $7.5 million of its common shares.

Portfolio Pulse from Benzinga Newsdesk

August 17, 2023 | 8:02 pm

UNH

A significant bearish stance has been taken on UnitedHealth Group (NYSE:UNH) as indicated by unusual options activity. The sentiment among big-money traders is split between 47% bullish and 52% bearish. Whales have been targeting a price range from $400.0 to $530.0 for UnitedHealth Group over the last 3 months. The price of UNH is currently down -2.02% at $493.37. Stephens & Co. downgraded its action to Overweight with a price target of $560, while UBS maintained their Neutral rating with a price target of $520.

Portfolio Pulse from Benzinga Insights

August 17, 2023 | 7:30 pm

AZO

AutoZone Inc.'s stock price is currently at $2467.11, after a 0.90% drop. However, over the past month, the stock has increased by 0.29%, and in the past year, by 5.78%. The company's P/E ratio of 19.7 is higher than the Specialty Retail industry average of 19.31, which could indicate that the stock is overvalued or that investors expect the company to perform better in the future.

Portfolio Pulse from Benzinga Insights

August 17, 2023 | 7:16 pm

AKTX

Akari Therapeutics announced a ratio change of its American Depository Shares from 1-representing-100 to 1-representing-2000, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

August 17, 2023 | 7:02 pm

MRVL

A significant bearish stance has been taken on Marvell Tech (NASDAQ:MRVL) by a large investor or institution, as indicated by unusual options activity. The sentiment among these big-money traders is split, with 41% bullish and 58% bearish. The whales have been targeting a price range from $50.0 to $95.0 for Marvell Tech over the last 3 months. The price of MRVL is currently up 0.87% at $57.87. Stifel and Barclays maintain a Buy and Overweight rating on Marvell Tech respectively, both with a price target of $75. Wolfe Research downgraded its action to Outperform with a price target of $80.

Portfolio Pulse from Benzinga Insights

August 17, 2023 | 6:46 pm

ENPH

KeyBanc Capital Markets analyst Sophie Karp has reiterated an Overweight rating on Enphase Energy Inc (NASDAQ:ENPH), but lowered the price target from $267 to $200. The reduction reflects ongoing de-stocking in distribution channels and slowly recovering demand. Karp also noted a decrease in the target multiple due to market uncertainty. Enphase Energy's guidance for lower sales and stable margins reflects slowing shipments in the broader industry. The analyst also warned that slower than anticipated growth in demand for solar energy solutions could negatively impact operations.

Portfolio Pulse from Nabaparna Bhattacharya

August 17, 2023 | 6:24 pm

MAR

Marriott Intl Inc.'s (NASDAQ:MAR) stock price is currently at $205.48, after a 0.48% decrease. However, the stock has increased by 7.31% over the past month and 27.33% over the past year. The company's P/E ratio of 23.33 is lower than the industry average of 44.21, which could indicate that the stock is undervalued or that it might perform worse than its industry peers.

Portfolio Pulse from Benzinga Insights

August 17, 2023 | 6:00 pm

ACI

AMZN

WMT

Walmart Inc (WMT) is intensifying its competition with Amazon.com Inc (AMZN) in the e-commerce sector, with its Walmart+ service gaining traction as a rival to Amazon Prime. Walmart+ saw a 15% increase in membership in July, and its transactions are growing faster than Amazon's, potentially indicating a shift in expenditure from other grocery companies like Kroger Co (KR) and Albertsons Co Inc (ACI). Walmart's e-commerce revenue in the U.S. grew to 11%-12% over the last two years.

Portfolio Pulse from Anusuya Lahiri

August 17, 2023 | 5:41 pm

ALKS

APLS

CVS

DHR

GILD

HRTX

LLY

NVO

RVPH

TLRY

Benzinga's options activity scanner has identified significant trading activity in 10 health care stocks. The stocks include HRTX, CVS, RVPH, TLRY, APLS, ALKS, LLY, DHR, GILD, and NVO. The options activity ranges from neutral to bullish and bearish sentiments, with varying expiration dates and strike prices.

Portfolio Pulse from Benzinga Insights

August 17, 2023 | 5:35 pm