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GOLD

Recent options trading activity on Barrick Gold (NYSE:GOLD) shows a mix of bullish and bearish sentiment among large investors. A total of 26 unusual options trades were identified, with a slight majority being bullish. The stock is currently trading at $20.23, up 2.61%, and is approaching overbought territory. An analyst from Scotiabank maintains a Sector Outperform rating with a target price of $25.

Portfolio Pulse from Benzinga Insights

August 19, 2024 | 5:45 pm

LOWLF

NLCP

VRNOF

California's cannabis industry faces significant challenges as small-scale farmers abandon cultivation due to wildfires, low prices, and lack of federal aid. Companies like NewLake Capital Partners, Verano Holdings, and Lowell Farms are impacted by these market dynamics.

Portfolio Pulse from Patricio Liddle

August 19, 2024 | 5:07 pm

EWJ

SPY

The Democratic Republic of Congo is set to receive its first shipment of Mpox vaccines by next week, with the United States and Japan pledging to send the vaccines. This development is part of international efforts to combat the spread of the disease.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 4:52 pm

PSNY

Polestar Automotive (NASDAQ:PSNY) shares are pulling back after a recent surge. The company has started producing its Polestar 3 electric SUVs in the U.S. to avoid tariffs on China-made EVs. Analysts have a positive outlook with a 12-month price target of $3, suggesting potential upside.

Portfolio Pulse from Erica Kollmann

August 19, 2024 | 4:48 pm

FFIE

Faraday Future Intelligent Electric Inc (NASDAQ:FFIE) began trading on a split-adjusted basis following a 1-for-40 reverse stock split. The company also announced a launch event for its China-U.S. Automotive Bridge Strategy, aiming to introduce a mass-market second brand. FFIE shares were down over 21.8% at $4.02.

Portfolio Pulse from Adam Eckert

August 19, 2024 | 4:38 pm

ALZN

CING

LQDA

SOND

TOVX

VRAX

U.S. stocks rose with the Dow Jones, NASDAQ, and S&P 500 all gaining. Alzamend Neuro shares surged 418% due to a new partnership for a PTSD treatment study. Virax Biolabs shares increased 308% following WHO's virus emergency declaration. Sonder Holdings shares rose 46% after a licensing agreement with Marriott. Liquidia Corporation shares fell 39% after FDA's tentative approval of YUTREPIA. Theriva Biologics shares dropped 29% following a reverse stock split. Cingulate shares decreased 33% after increasing its stock offering price.

Portfolio Pulse from Avi Kapoor

August 19, 2024 | 4:28 pm

SMCI

Super Micro Computer Inc (NASDAQ:SMCI) shares fell by 2.6% after a strong previous week driven by positive U.S. retail sales data and a smaller-than-expected increase in producer prices. The stock's recent surge was also supported by Soros Fund Management's purchase of shares. The cooling inflation may lead to lower interest rates, benefiting companies like SMCI with reduced borrowing costs.

Portfolio Pulse from Henry Khederian

August 19, 2024 | 4:16 pm

TTOO

T2 Biosystems has received approval from the Australian Therapeutic Goods Administration for its T2Candida in vitro diagnostic test. This test is designed to detect sepsis-causing fungal pathogens directly from whole blood, potentially improving patient outcomes by enabling faster diagnosis and treatment.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 4:16 pm

BTCUSD

The cryptocurrency market is showing bearish signs, with Bitcoin's funding rates dropping significantly, while U.S. equities are at all-time highs. This divergence is due to expectations of rate cuts and economic recovery in traditional markets, contrasting with stress in crypto markets.

Portfolio Pulse from Murtuza Merchant

August 19, 2024 | 4:13 pm

GOVX

VRAX

Virax Biolabs Group Limited (NASDAQ:VRAX) shares surged after the WHO declared mpox a global health emergency. The company distributes diagnostic test kits and is developing T-Cell Test technology. GeoVax Labs, Inc. (NASDAQ:GOVX) is also being monitored by investors. Virax shares rose 204.9% amid volatility.

Portfolio Pulse from Erica Kollmann

August 19, 2024 | 4:12 pm