Streetbeat News

Equity Actions

LI

A significant investor has taken a bearish stance on Li Auto (NASDAQ:LI), with 54% of the investors opening trades with bearish expectations. The whales have been targeting a price range from $35.0 to $55.0 for Li Auto over the last 3 months. The price of LI is currently down -0.51% at $42.5. RSI indicators suggest that the stock may be overbought. The next earnings are expected to be released in 8 days.

Portfolio Pulse from Benzinga Insights

July 31, 2023 | 4:30 pm

MRNA

Steve Weiss, a frequent guest on CNBC, announced that he has sold his shares in Moderna (MRNA).

Portfolio Pulse from Happy Mohamed

July 31, 2023 | 4:29 pm

ONCY

Oncolytis Biotech has entered into an agreement with Leede Jones Gable to purchase 6.667 million units for gross proceeds of $15 million. This has led to a decrease in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 4:27 pm

ACAX

ACHR

GDRX

SILC

UFAB

YELL

U.S. stocks traded slightly higher with the Nasdaq Composite gaining around 20 points. Energy shares climbed by 2.1% while health care shares fell by 1%. Yellow Corporation (YELL) shares shot up 88% after terminating its operations. GoodRx Holdings (GDRX) shares rose 36% after an upgrade from TD Cowen. Archer Aviation (ACHR) shares gained 34% after entering into contracts with the US Air Force. Unique Fabricating (UFAB), Alset Capital Acquisition Corp. (ACAX), and Silicom Ltd. (SILC) shares dropped.

Portfolio Pulse from Lisa Levin

July 31, 2023 | 4:25 pm

TAOP

Taoping Inc. has announced a 1-for-10 reverse stock split, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 4:10 pm

TAOP

Taoping Inc. (NASDAQ:TAOP) has announced a one-for-ten reverse stock split of its ordinary shares, effective from August 1, 2023. The move is intended to increase the per share trading price to meet the $1.00 minimum bid price requirement for continued listing on the NASDAQ Stock Market. Post-split, the company will have approximately 1.86 million ordinary shares issued and outstanding.

Portfolio Pulse from Happy Mohamed

July 31, 2023 | 4:09 pm

NVDA

Bernstein is optimistic about Nvidia's potential to exceed its own financial forecasts due to increased spending on artificial intelligence by major cloud-computing vendors. The demand for Nvidia's chips, which dominate the AI market, is reportedly 'off the charts.'

Portfolio Pulse from Happy Mohamed

July 31, 2023 | 4:08 pm

SNMP

Evolve Transition Infrastructure LP's common units resumed trading, then were halted again due to a circuit breaker on the downside. The units are now up by 151.9%.

Portfolio Pulse from Happy Mohamed

July 31, 2023 | 3:56 pm

AAPL

GOOG

MSFT

OpenAI, the company behind ChatGPT, has filed for a trademark for ChatGPT-5, indicating a more advanced version of the AI chatbot may be coming soon. This comes amid reports of declining active users for ChatGPT. Microsoft, a major investor in OpenAI, recently announced new pricing plans for its AI-powered Office tools. Other companies like Alphabet and Apple are also developing their own proprietary technologies.

Portfolio Pulse from Aaron Bry

July 31, 2023 | 3:48 pm

ORCL

A large bullish position has been taken on Oracle (NYSE:ORCL), as noticed by Benzinga's options scanner. The sentiment among big-money traders is split between 53% bullish and 46% bearish. Whales have been targeting a price range from $105.0 to $130.0 for Oracle over the last 3 months. Piper Sandler has downgraded its action to Overweight with a price target of $130.

Portfolio Pulse from Benzinga Insights

July 31, 2023 | 3:45 pm