Streetbeat News

Equity Actions

NVDA

NVIDIA Corporation (NASDAQ:NVDA) stock fell after forming a bearish triple top pattern at the new all-time high of $480.88. The retracement from all-time highs was likely because Nvidia’s relative strength index (RSI) was trending above 70%, which put the stock into overbought territory. The stock market also appears to be attempting to price in a hawkish tone from the Fed and that, paired with big tech earnings season, could cause volatility to increase.

Portfolio Pulse from Melanie Schaffer

July 21, 2023 | 5:22 pm

TJX

A significant amount of unusual options activity has been detected for TJX Companies (NYSE:TJX), with a bearish stance being taken by a majority of investors. Of the 10 strange trades detected, 60% were bearish and 40% bullish. The total amount for the 2 puts was $74,242 and for the 8 calls was $375,604. Whales have been targeting a price range from $70.0 to $95.0 for TJX Companies over the last 3 months. Piper Sandler has downgraded its action to Overweight with a price target of $110, while Loop Capital has upgraded its action to Buy with a price target of $95.

Portfolio Pulse from Benzinga Insights

July 21, 2023 | 5:19 pm

APO

JEF

CNBC's Halftime Report discussed final trades involving Apollo Global Management (APO) and Jefferies Financial Group (JEF).

Portfolio Pulse from Happy Mohamed

July 21, 2023 | 5:01 pm

JPM

JP Morgan Chase & Co. plans to expand its online bank Chase to Germany and other European Union countries. This move will increase competition for European rivals in a crowded market. The company entered the British market with a digital-only retail offering in 2021, marking its first foray outside the U.S.

Portfolio Pulse from Nabaparna Bhattacharya

July 21, 2023 | 4:44 pm

SLB

Stephanie Link announced on CNBC that she has purchased more shares of Schlumberger (SLB).

Portfolio Pulse from Happy Mohamed

July 21, 2023 | 4:32 pm

BJDX

Bluejay Diagnostics has announced that its board has approved a 1-for-20 reverse stock split, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

July 21, 2023 | 4:23 pm

BIO

Bio-Rad Laboratories has announced a $500 million share repurchase program, causing its shares to trade higher. In addition, Evelo Biosciences has terminated its sublease agreement with Bio-Rad and agreed to make a termination payment.

Portfolio Pulse from Benzinga Newsdesk

July 21, 2023 | 4:20 pm

BIIB

Unusual options activity has been observed for Biogen (NASDAQ:BIIB), with a large position indicating a bullish stance. The sentiment among these big-money traders is split evenly between bullish and bearish. The options activity suggests a target price range of $200 to $350 for Biogen over the last three months. Current price of BIIB is $276.65, up 0.71%. RBC Capital and Morgan Stanley maintain their positive ratings on Biogen with price targets of $341 and $355 respectively, while Needham and HC Wainwright & Co. have downgraded their actions to Buy with price targets of $321 and $325 respectively.

Portfolio Pulse from Benzinga Insights

July 21, 2023 | 4:17 pm

DWAC

PSQH

RUM

Rumble, Inc. (NASDAQ:RUM) shares are experiencing high trading volume after CEO Chris Pavlovski tweeted about the short interest in the company's stock. Other conservative media companies' stocks, including Digital World Acquisition Corp. (NASDAQ:DWAC) and PSQ Holdings, Inc. (NASDAQ:PSQH), are also making large price moves. Rumble shares are currently trading 3.66% lower at $7.90.

Portfolio Pulse from Erica Kollmann

July 21, 2023 | 4:10 pm

MATX

Matson Inc (NYSE:MATX) shares surged after the company announced strong preliminary Q2 2023 results, with expected net income and EPS of $76.3 million-$81.5 million and $2.14-$2.28, respectively. The company also reported a decrease in consolidated operating income due to lower contributions from China service. During Q2, Matson repurchased approximately 0.6 million shares for a total cost of $42.4 million.

Portfolio Pulse from Shivani Kumaresan

July 21, 2023 | 4:09 pm