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SYTA

Siyata Mobile has announced the pricing of a registered direct offering worth approximately $2.3 million, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

July 11, 2023 | 4:43 pm

TTD

A significant bullish stance has been taken on Trade Desk (NASDAQ:TTD) with 10 uncommon options trades spotted. The sentiment of these big-money traders is split between 70% bullish and 30% bearish. The whales have been targeting a price range from $75.0 to $85.0 for Trade Desk over the last 3 months. The price of TTD is up 6.34% at $80.72. Needham has downgraded its action to Buy with a price target of $80.

Portfolio Pulse from Benzinga Insights

July 11, 2023 | 4:33 pm

ADCT

ADIL

BTTX

BYRN

SYTA

TAOP

U.S. stocks traded higher with the Dow Jones surging over 100 points. The NFIB Small Business Optimism Index in the U.S. rose to a seven-month high level of 91 in June. Energy shares climbed by 1.4%. Taoping Inc., Adial Pharmaceuticals, Inc., and Better Therapeutics, Inc. saw significant gains, while Siyata Mobile Inc., ADC Therapeutics SA, and Byrna Technologies Inc. experienced drops. Crude oil rose 2%.

Portfolio Pulse from Lisa Levin

July 11, 2023 | 4:08 pm

DD

DuPont de Nemours Inc.'s stock is currently trading at $70.94, after a 0.88% increase. Over the past month, the stock has increased by 0.17%, and in the past year, by 29.29%. The company's P/E ratio is 32.26, higher than the Chemicals industry average of 25.92, which could indicate that the stock is overvalued.

Portfolio Pulse from Benzinga Insights

July 11, 2023 | 4:01 pm

COIN

Zacks Tech Innovators Newsletter has reportedly purchased stock in Coinbase (COIN).

Portfolio Pulse from Benzinga Newsdesk

July 11, 2023 | 3:55 pm

FDX

FedEx Innovation Lab (FIL) has invested in Vue.ai, a company that powers AI transformation for large enterprises. The collaboration aims to use advanced technology and data-driven insights to create smarter supply chains and deliver greater value for customers. The partnership will also help expand FedEx's advanced digital capabilities globally.

Portfolio Pulse from Benzinga Newsdesk

July 11, 2023 | 3:32 pm

CMPS

PSIL

Australia has become the first country to allow physicians to prescribe MDMA for PTSD and psilocybin for treatment-resistant depression. In the US, lawmakers are seeking to advance drug policy changes as part of the National Defense Authorization Act (NDAA), including medical cannabis access for military veterans. The American Medical Association (AMA) has published language concerning the recently-approved Current Procedural Terminology (CPT) III codes applying to psychedelic-assisted therapies. COMPASS Pathways secured up to $50 million in a new term loan facility with Hercules Capital. AdvisorShares Psychedelics ETF (NYSE:PSIL) opened Monday, July 10 at $2.03, improving from prior Monday 3’s opening at $1.89.

Portfolio Pulse from Lara Goldstein

July 11, 2023 | 3:25 pm

SBIG

SpringBig Holdings, Inc. (NASDAQ:SBIG) has announced preliminary Q2 results, expecting a revenue of $7.2 million, a 12% YoY growth. The company also expects an adjusted EBITDA loss of $(1.1) million, an improvement from $(3.4) million last year. SpringBig also completed a $4 million public equity offering and restructured its Senior Secured Convertible Notes. The company expects to turn Adjusted EBITDA positive in Q3 and generate an Adjusted EBITDA profit of $0.5 million to $1.0 million for H2 FY23. SBIG shares are trading higher by 4.80%.

Portfolio Pulse from Nabaparna Bhattacharya

July 11, 2023 | 2:54 pm

RIVN

Rivian Automotive, Inc (NASDAQ:RIVN) opened over 2% lower on Tuesday after a significant rise over the last month. The company's relative strength index (RSI) reached 86% on Monday, indicating a potential retracement to the downside. The stock's consolidation on Tuesday was taking shape in the form of an inside bar pattern, with the price action taking place within Monday’s trading range. The stock’s parabolic move higher caused it to regain the 20-day simple moving average (SMA) as support, which has thrown Rivian into a bull cycle.

Portfolio Pulse from Melanie Schaffer

July 11, 2023 | 2:34 pm

AVGO

A significant bearish stance has been taken on Broadcom (NASDAQ:AVGO) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split between 32% bullish and 67% bearish. The whales have been targeting a price range from $370.0 to $1000.0 for Broadcom over the last 3 months. The price of AVGO is currently down -0.65% at $872.0. Mizuho has downgraded its action to Buy with a price target of $840.

Portfolio Pulse from Benzinga Insights

July 11, 2023 | 2:30 pm