Streetbeat News

Equity Actions

ZIVO

ZIVO Bioscience has announced the pricing of a $4 million registered direct offering. The company plans to use the proceeds for general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

June 30, 2023 | 5:59 pm

EIGR

Eiger BioPharmaceuticals' stock price is trading higher following Baird's decision to raise its price target from $3 to $5. This comes after the company announced a reorganization and portfolio prioritization.

Portfolio Pulse from Benzinga Newsdesk

June 30, 2023 | 5:40 pm

AAPL

QQQ

The Nasdaq 100 Index has marked its second-best 6-month performance in history, with a 39% gain, largely due to Apple Inc's surge back to a $3 trillion market cap. The index, tracked by the Invesco QQQ Trust, has fully recouped losses from the Federal Reserve's 500 basis-point rate hikes over the past fifteen months. However, the performance mirrors the dot-com bubble of 1999, sparking concerns of a potential downturn.

Portfolio Pulse from Piero Cingari

June 30, 2023 | 5:39 pm

BRCC

Telsey Advisory Group analyst Sarang Vora reiterated an Outperform rating on BRC Inc (NYSE:BRCC) with a price target of $10. The company announced senior management changes and the analyst believes these changes will strengthen the company's operations. The 2Q23 pre-announced results were in line with expectations and the 2023 outlook remains unchanged. The company's shift to an omni-channel model and the success of its RTD products are expected to drive growth.

Portfolio Pulse from Shivani Kumaresan

June 30, 2023 | 5:35 pm

MA

A significant bullish stance has been taken on Mastercard (NYSE:MA) by a large investor or institution, as evidenced by unusual options activity. The sentiment among these big-money traders is split 50% bullish and 50% bearish. The whales have been targeting a price range from $210.0 to $420.0 for Mastercard over the last 3 months. Susquehanna and Baird have downgraded their actions to Positive and Outperform with price targets of $433 and $435 respectively.

Portfolio Pulse from Benzinga Insights

June 30, 2023 | 5:32 pm

BLK

BTCUSD

US investors are increasingly investing in Bitcoin (CRYPTO: BTC) as major financial institutions like BlackRock Inc (NYSE:BLK), Fidelity, and Citadel increase their engagement, contributing to Bitcoin's 85% surge this year. Bitcoin's gains are particularly notable during US market hours, with a 30% increase in cumulative gains since dropping to around $16,000. BlackRock's application for a Bitcoin spot exchange-traded fund was rejected by the SEC, but the company can resubmit. Bitcoin has shown signs of disassociating from the US stock markets, including the S&P 500 and Nasdaq.

Portfolio Pulse from Murtuza Merchant

June 30, 2023 | 5:30 pm

WMT

A 'whale' investor has taken a bullish stance on Walmart (NYSE:WMT), with 50% of investors opening trades with bullish expectations and 50% with bearish. The whale has been targeting a price range from $150.0 to $160.0 for Walmart over the last 3 months. The price of WMT is up 1.48% at $156.56. Morgan Stanley, Telsey Advisory Group, and Credit Suisse have downgraded their actions on Walmart, while Tigress Financial maintains their Buy rating.

Portfolio Pulse from Benzinga Insights

June 30, 2023 | 5:16 pm

BTCY

Biotricity Holdings, Inc. (NASDAQ:BTCY) has announced a 1-for-6 reverse stock split to increase the per share trading price and satisfy the $1.00 minimum bid price requirement for continued listing on the Nasdaq Capital Market. The reverse split will reduce the company's outstanding common stock from approximately 51 million shares to approximately 8.5 million shares.

Portfolio Pulse from Happy Mohamed

June 30, 2023 | 5:06 pm

AMZN

GOOG

TTD

Amazon is enhancing its ad-buying tools to compete with Google and The Trade Desk. The company is focusing on its demand-side platform (DSP), which uses automation to send targeted ads. Amazon is also targeting 'non-endemic' advertisers, companies that don't sell products through Amazon. The company is also allowing sellers to drive ad traffic to their own direct-to-consumer websites. Amazon, Google, and The Trade Desk are predicted to control about 63% of the DSP market share this year.

Portfolio Pulse from Happy Mohamed

June 30, 2023 | 5:01 pm

BKNG

A significant amount of unusual options activity has been observed for Booking Holdings (NASDAQ:BKNG), with a majority of investors taking a bullish stance. Whales have been targeting a price range from $1900.0 to $3100.0 for Booking Holdings over the last 3 months. The stock is currently up 2.2% at $2714.44. However, Wedbush and Wells Fargo have downgraded their actions on the stock with price targets of $3060 and $2257 respectively.

Portfolio Pulse from Benzinga Insights

June 30, 2023 | 4:46 pm