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PRFX

PainReform has announced the pricing of a $1.5M registered direct offering of 166,666 shares at $9 per share. The company is also planning a private placement.

Portfolio Pulse from Benzinga Newsdesk

July 14, 2023 | 6:38 pm

LULU

A significant investor has taken a bearish stance on Lululemon Athletica (NASDAQ:LULU), with 60% of recent trades being bearish. The price target for LULU over the last 3 months has been between $330.0 and $460.0. Morgan Stanley, Telsey Advisory Group, and Piper Sandler have all downgraded their ratings on LULU, with price targets of $424, $430, and $450 respectively. The current price of LULU is $379.89, up 0.09%.

Portfolio Pulse from Benzinga Insights

July 14, 2023 | 6:32 pm

CRC

XOM

Mizuho analyst Nitin Kumar reiterated a Buy rating on California Resources Corporation (CRC), raising the price target to $60 from $52. The focus of CRC's 2Q call is expected to be on its first Carbon capture and storage project, following Exxon Mobil's acquisition of Denbury. Investors are also expected to focus on the progress of the Carbon TerraVault (CTV) projects under CRC's Carbon Management Business (CMB). Despite a slowdown in permitting new oil wells in California, CRC is focusing on permits already in hand for 2023/1H24. The company also expects to benefit from gas realizations at the SoCal Border hub.

Portfolio Pulse from Nabaparna Bhattacharya

July 14, 2023 | 6:31 pm

SNOW

A significant bearish stance has been taken on Snowflake (NYSE:SNOW) by a large investor or institution, as indicated by unusual options activity. The sentiment among these big-money traders is 17% bullish and 82% bearish. The targeted price range for Snowflake over the last 3 months is $155.0 to $210.0. Several financial institutions have maintained or downgraded their ratings on Snowflake, with price targets ranging from $180 to $215.

Portfolio Pulse from Benzinga Insights

July 14, 2023 | 6:03 pm

GLMD

Galmed Pharmaceuticals has announced the pricing of a $7 million public offering, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

July 14, 2023 | 5:42 pm

CNC

CVS

DHR

ISRG

JNJ

MRK

SILK

TMO

UNH

XAIR

Benzinga's options activity scanner has identified significant options activity in the health care sector. The stocks involved include UnitedHealth Group (UNH), Thermo Fisher Scientific (TMO), Merck & Co. (MRK), Intuitive Surgical (ISRG), Silk Road Medical (SILK), Beyond Air (XAIR), Johnson & Johnson (JNJ), Centene Corporation (CNC), CVS Health Corporation (CVS), and Danaher Corporation (DHR). The options activity ranges from bearish call option trades to bullish put option sweeps.

Portfolio Pulse from Benzinga Insights

July 14, 2023 | 5:39 pm

CVNA

DKNG

MAT

NKE

RCL

RIVN

TSLA

YUM

The article reports on the options activity of 10 consumer discretionary stocks in today's session. The stocks include Tesla (TSLA), Mattel (MAT), Carvana (CVNA), DraftKings (DKNG), Nike (NKE), Li Auto (LI), RH (RH), Yum! Brands (YUM), Rivian (RIVN), and Royal Caribbean (RCL). The article provides detailed information about the type of options activity (put/call), trade type, sentiment, expiration date, strike price, total trade price, open interest, and volume for each stock.

Portfolio Pulse from Benzinga Insights

July 14, 2023 | 5:39 pm

EWJ

REMX

USO

Japan and Saudi Arabia are expected to agree on joint investments to develop rare-earth resources, aiming to reduce reliance on countries like China for key minerals. The agreement will involve Japan's Ministry of Economy, Trade and Industry, the Japan Organization for Metals and Energy Security (JOGMEC), and Saudi Arabia's Ministry of Industry and Mineral Resources. They will explore resource development projects in third countries for joint investment, focusing on rare-earth metals used in electric vehicles (EVs).

Portfolio Pulse from Happy Mohamed

July 14, 2023 | 5:08 pm

AMD

NVDA

SOXL

SOXS

The Direxion Daily Semiconductor Bull 3X Shares (SOXL) ETF, which includes stocks from Nvidia and AMD, experienced a spike before trading mostly flat. The semiconductor sector is in a bull cycle, with Nvidia and AMD benefiting. SOXL is a triple-leveraged fund, with AMD making up 7.03% and Nvidia 8.81%. The S&P 500 may be indicating a bearish reversal, which could provide a solid entry for bullish traders with SOXL's 3X leverage. Direxion's leveraged funds are designed for short-term traders.

Portfolio Pulse from Melanie Schaffer

July 14, 2023 | 4:52 pm

URI

United Rentals (NYSE:URI) has seen unusual options activity, with 50% of investors taking bullish stances and 50% bearish. The total amount for puts is $129,130 and for calls is $499,353. Whales have been targeting a price range from $350.0 to $600.0 for United Rentals over the last 3 months. UBS and Keybanc have maintained their Buy and Overweight ratings on United Rentals, with price targets of $527 and $520 respectively.

Portfolio Pulse from Benzinga Insights

July 14, 2023 | 4:33 pm