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Equity Actions

FTEL

Fitell Corporation (NASDAQ:FTEL) is set to IPO on August 1st on the NASDAQ exchange under the ticker FTEL. The company is offering shares at an expected price between $5.00 and $6.00 per share with an insider lock-up period of 180 days ending on January 28, 2024. Fitell operates through its wholly owned subsidiary GD Wellness PTY LTD, a gym and fitness equipment retailer.

Portfolio Pulse from Benzinga Insights

July 31, 2023 | 3:00 pm

CTNT

Cheetah Net Supply Chain Service Inc (NASDAQ:CTNT) is set to start trading on NASDAQ on August 1. The company, which supplies parallel-import vehicles sourced in the U.S. for the PRC market, is offering shares at an expected price between $4.00 and $6.00 per share. An insider lock-up period of 180 days is set to end on January 28, 2024.

Portfolio Pulse from Benzinga Insights

July 31, 2023 | 3:00 pm

CMG

A significant number of investors have taken a bearish stance on Chipotle Mexican Grill (NYSE:CMG), with 64% of detected trades being bearish. The price range targeted by these investors over the last 3 months is $1500.0 to $2200.0. The current price of CMG is $1957.0, up 2.33%. Analysts from Morgan Stanley, Wedbush, Truist Securities, TD Cowen, and Keybanc have given their ratings and price targets for CMG.

Portfolio Pulse from Benzinga Insights

July 31, 2023 | 2:47 pm

SE

UBS analyst Navin Killa has upgraded Sea (NYSE:SE) from Neutral to Buy and raised the price target from $66 to $86.

Portfolio Pulse from richadhand@benzinga.com

July 31, 2023 | 2:41 pm

SILC

Silicom Ltd's shares have dropped by over 23% following lower-than-expected Q2 results. Despite a YoY revenue growth of 12% to $38.13 million, the company's non-GAAP EPS fell to $0.66 from $0.70 a year ago. Silicom plans to accelerate its $15 million Share Repurchase Plan and expects Q3 revenue to be between $30 million and $31 million, significantly lower than the analyst consensus of $44.06 million. The company cites macroeconomic headwinds and supply chain issues as reasons for the slowdown.

Portfolio Pulse from Lekha Gupta

July 31, 2023 | 2:19 pm

QUOT

Steven R. Boal, a significant shareholder in Quotient Technology, has reported control of over 10% of the company's common stock. Boal intends to oppose the current terms of the deal with Neptune Retails.

Portfolio Pulse from Happy Mohamed

July 31, 2023 | 2:16 pm

UBER

A significant bullish stance has been taken on Uber Technologies (NYSE:UBER) as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 56% bullish and 43% bearish. The whales have been targeting a price range from $30.0 to $60.0 for Uber over the last 3 months. The price of UBER is up 0.73% at $48.49. Several financial institutions have maintained their Buy rating on Uber with price targets ranging from $51 to $66.

Portfolio Pulse from Benzinga Insights

July 31, 2023 | 2:16 pm

BKNG

A significant bearish stance has been taken on Booking Holdings (NASDAQ:BKNG) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split between 36% bullish and 63% bearish. The whales have been targeting a price range from $2450.0 to $3400.0 for Booking Holdings over the last 3 months. The current price of BKNG is down -0.86% at $2986.34. Several financial institutions have maintained their ratings on Booking Holdings, with price targets ranging from $2800 to $3500.

Portfolio Pulse from Benzinga Insights

July 31, 2023 | 2:16 pm

BLKB

Blackbaud (NASDAQ:BLKB), a software provider for social impact, has announced a strategic investment in Momentum, an AI-focused partner. This investment is part of Blackbaud's Intelligence for Good strategy, aiming to increase the availability of AI-enabled partner solutions. Momentum's integration with Blackbaud Raiser's Edge NXT allows Blackbaud customers to optimize their fundraising and stewardship processes. Customers using Momentum have seen a 400% increase in personalized touchpoints and an average of $60,000 per month in increased donations.

Portfolio Pulse from Happy Mohamed

July 31, 2023 | 2:03 pm

APRN

BFRG

TORO

TUP

The article lists potential short squeeze stocks to watch, including Toro Corp, Bullfrog AI Holdings, Tupperware, and Blue Apron among others. High short interest and steep borrowing costs are common traits that could lead to a short squeeze. Toro Corp tops the leaderboard with 41.7% of the float short and a borrowing cost of 24.0%. Other notable mentions include Apollomics, Healthcare Triangle Inc, Greenidge Generation Holdings, Dragonfly Energy Holdings Corp, Getty Images Holdings, JOANN Inc, and Tupperware Brands Corp.

Portfolio Pulse from Chris Katje

July 31, 2023 | 2:02 pm