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Equity Actions

LMT

A significant bullish stance has been taken on Lockheed Martin (NYSE:LMT) by a large investor, as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 54% bullish and 45% bearish. The whales have been targeting a price range from $300.0 to $480.0 for Lockheed Martin over the last 3 months. Analysts from Morgan Stanley, Citigroup, Wells Fargo, RBC Capital, and Susquehanna have provided their ratings and price targets for the company.

Portfolio Pulse from Benzinga Insights

July 20, 2023 | 3:30 pm

XP

Investor Business Daily's SwingTrader has reportedly purchased shares in XP.

Portfolio Pulse from Happy Mohamed

July 20, 2023 | 3:17 pm

RIVN

Rivian Automotive has seen a significant option alert for its September 15 $40 calls, with 1000 contracts traded near the ask price of $0.461, compared to an open interest of 22146. The company's earnings report is due on August 8, after market close. The reference price is $24.545.

Portfolio Pulse from Charles Gross

July 20, 2023 | 3:08 pm

JNVR

Janover Inc is set to IPO on July 21 on the NASDAQ exchange under the ticker JNVR. The company is offering shares at an expected price between $4.00 and $6.00 per share with an insider lock-up period of 180 days ending on January 17, 2024. Janover Inc is a B2B fintech marketplace connecting commercial property borrowers and lenders.

Portfolio Pulse from Benzinga Insights

July 20, 2023 | 3:00 pm

TSBX

Turnstone Biologics Corp (NASDAQ:TSBX) is set to go public on July 21, with shares expected to be priced between $12.00 and $14.00. The company has an insider lock-up period of 180 days ending on January 17, 2024.

Portfolio Pulse from Benzinga Insights

July 20, 2023 | 3:00 pm

VSEC

VSE Corporation (NASDAQ:VSEC) has priced its public offering of 2.47 million shares at $48.50 per share, an 11% discount to the company’s closing price on July 19. The company plans to use the $112.7 million net proceeds to repay outstanding borrowings and for general corporate purposes. The offering is expected to close on July 24, 2023. VSEC shares are currently trading lower by 7.08% at $50.56.

Portfolio Pulse from Shivani Kumaresan

July 20, 2023 | 2:16 pm

LGVN

Longeveron Inc. (NASDAQ:LGVN) has announced the appointment of Lisa Locklear as Executive Vice President and Chief Financial Officer, effective from July 31, 2023. Locklear, who previously served as Senior Vice President and CFO at Avanir Pharmaceuticals, brings extensive global business and finance experience in the biopharmaceutical industry. Her appointment is expected to strengthen Longeveron's financial foundation and advance its cellular therapy assets.

Portfolio Pulse from Happy Mohamed

July 20, 2023 | 2:13 pm

AMZN

BX

DB

PFE

TSLA

TSM

Tesla recalls over 17,000 EVs due to camera and seat belt issues. Taiwan Semiconductor's stock falls after Q2 earnings report. Deutsche Bank is fined $186M by the Federal Reserve for money laundering control failures. Blackstone posts a 43% drop in Q2 revenues. Philip Morris, Johnson & Johnson, Abbott Laboratories, Kenvue Inc, and American Airlines report Q2 earnings. Pfizer's GBS6 vaccine candidate shows promising protection for infants. Frontier Communications offers $1B fiber-backed bond. Juul seeks FDA approval for its next-generation vaporizer. Elliott Investment Management acquires a significant stake in Catalent. Pfizer's North Carolina plant is damaged by a tornado. UPS plans to offer a better deal to avoid a strike. Amazon plans to introduce palm-payment technology in all Whole Foods stores by year end.

Portfolio Pulse from Vandana Singh

July 20, 2023 | 2:09 pm

COSM

Cosmos Health Inc. (NASDAQ:COSM) shares dropped by 17.3% after the company priced its $5.25 million registered direct offering and concurrent private placement at a combined price of $2.48. The offering consists of over 2 million shares of common stock and common warrants for the purchase of up to 1.9 million additional shares. The company plans to use the proceeds for working capital and general corporate purposes.

Portfolio Pulse from Henry Khederian

July 20, 2023 | 1:59 pm

GOOG

GOOGL

Alexandr Wang, CEO of Scale AI, has urged the Pentagon to expedite its efforts in capitalizing on military data and investing in cutting-edge technology, citing AI as China’s parallel to the Apollo project. Wang's warning comes as China's investment in AI tools currently surpasses the American expenditure. Wang pressed for the centralization of data to train AI models and a crucial upgrade of the workforce to ensure the U.S. military remains competitive. Alphabet Inc.’s former CEO Eric Schmidt shared similar sentiments, disagreeing with tech experts who signed an open letter asking for a complete shutdown of AI developments.

Portfolio Pulse from Ananya Gairola

July 20, 2023 | 1:58 pm