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Equity Actions

EQ

Equillium, Inc. (NASDAQ:EQ) has announced a share repurchase program of up to $7.5 million of the company's common stock. The program, authorized by the Board of Directors, is seen as a demonstration of the company's belief in its intrinsic value and potential. The repurchase program will not significantly affect the company's cash runway, which is expected to last until 2025. The program is authorized through the end of 2024 and may be extended, modified, or discontinued at any time.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 12:06 pm

HUBS

A significant amount of unusual options activity has been detected for HubSpot (NYSE:HUBS), with a majority of investors taking a bearish stance. The price range targeted by these investors over the last 3 months is $290.0 to $700.0. The current price of HUBS is down by 3.78% at $554.6. Analysts from Goldman Sachs, RBC Capital, Barclays, Piper Sandler, and Mizuho have maintained their ratings on HubSpot, with price targets ranging from $520 to $625.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 12:04 pm

IGT

Susquehanna analyst Joseph Stauff reiterated a positive rating on International Game Technology (NYSE:IGT), raising the price target to $54 from $49. The company recently released Q2 results, with revenue and operating income margin meeting the high end of the outlook range. The analyst anticipates a potential separation of IGT, which could unlock a higher valuation for its lottery segment. IGT shares are currently trading lower by 2.8% to $32.17.

Portfolio Pulse from Nabaparna Bhattacharya

August 04, 2023 | 12:02 pm

AMD

NVDA

SOXL

SOXS

The Direxion Daily Semiconductor Bear 3X Shares (SOXS) surged almost 13% following a bearish reaction to Advanced Micro Devices' (AMD) quarterly earnings. The semiconductor sector had been experiencing a bull cycle, with NVIDIA Corporation (NVDA) flying high amid reports the company will become an anchor investor in Softbank Group Corp-backed British chip designer Arm IPO. SOXS is a triple-leveraged fund that tracks a variety of stocks in the semiconductor sector, with AMD making up 7.23% of the fund, and Nvidia weighted at 8.4%.

Portfolio Pulse from Melanie Schaffer

August 04, 2023 | 12:01 pm

BIDU

A significant number of investors have taken a bearish stance on Baidu (NASDAQ:BIDU), with 70% of detected trades being bearish. The whales have been targeting a price range from $135.0 to $190.0 for Baidu over the last 3 months. The price of BIDU is currently down -4.04% at $147.0. The next earnings are expected to be released in 20 days.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 12:00 pm

NVR

NVR Inc. has announced a $500 million share buyback program. This move is expected to boost shareholder value and confidence in the company.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 11:59 am

JPM

SPY

Jamie Dimon, CEO of JPMorgan Chase, stated on CNBC that a healthy economy is the foundation of everything. He also expressed concern that failure to recalibrate regulations could slow growth.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 11:58 am

ERIE

Erie Indemnity's stock is trading higher following the announcement that it will join the S&P MidCap 400.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 11:57 am

PAG

Penske Automotive Group's stock is trading higher following the announcement that it will join the S&P MidCap 400.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 11:55 am

ERIE

Erie Indemnity's stock is trading higher following the announcement that it will join the S&P MidCap 400.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 11:55 am