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CWK

Cushman & Wakefield reported its Q3 financial results, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 3:18 pm

FWRD

Forward Air Corporation reported disappointing Q3 financial results and issued weak Q4 guidance, leading to a drop in its share price.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 3:17 pm

T

A significant bearish stance has been taken on AT&T (NYSE:T) by a large investor, as indicated by unusual options activity. The sentiment of these big-money traders is 100% bearish, with 11 puts and 2 calls. The whales have been targeting a price range from $14.5 to $18.0 for AT&T over the last 3 months. Scotiabank, Citigroup, Morgan Stanley, and JP Morgan have maintained positive ratings on AT&T, with price targets ranging from $17 to $19.

Portfolio Pulse from Benzinga Insights

October 31, 2023 | 3:16 pm

F

A significant amount of unusual options activity has been detected for Ford Motor (NYSE:F), with a notably bullish stance. Of the 14 strange trades detected, 78% were opened with bullish expectations and 21% with bearish. The total amount for the 11 puts was $14,757,387 and for the 3 calls was $167,674. Whales have been targeting a price range from $8.0 to $12.0 for Ford Motor over the last 3 months. The stock is currently up 2.55% at $9.87. Morgan Stanley has downgraded its action to Overweight with a price target of $16.

Portfolio Pulse from Benzinga Insights

October 31, 2023 | 3:16 pm

AAC

Ares Acquisition Corp. (AAC) and X-Energy Reactor Company have mutually agreed to terminate their previously announced business combination agreement. This has led to an increase in AAC's share price.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 3:13 pm

MPC

Marathon Petroleum Corp's CEO has reported steady year-over-year demand for gasoline and diesel, with jet fuel demand continuing to grow.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 3:12 pm

RNGR

Ranger Energy Services reported lower than expected Q3 revenue results and issued FY23 revenue guidance below estimates, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 3:11 pm

BYFC

Broadway Financial Corporation (BYFC) has announced the terms of its 1-for-8 reverse stock split, which will be effective on November 1, 2023. The split will apply to all outstanding shares of Broadway's three classes of common stock. The Class A common stock will continue to trade under the symbol 'BYFC' on the Nasdaq Capital Market. The Class B and Class C common stock will not be registered for trading. The reverse split is intended to bring the company into compliance with the minimum bid price requirements for maintaining its listing on the Nasdaq Capital Market.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 3:08 pm

DAL

EBAY

QQQ

SNAP

TSLA

ZM

Tesla Inc's stock has dropped more than 25% from its highs in early October, causing CEO Elon Musk to lose over $26 billion in unrealized losses. This loss is more than the valuation of Delta Airlines Inc, Zoom Video Communications Inc, Snap Inc, and eBay Inc. The stock's decline is attributed to several factors, including Panasonic's cut in battery production, higher interest rates affecting electric car demand, and overall tech industry trends.

Portfolio Pulse from Aaron Bry

October 31, 2023 | 3:03 pm

JBLU

SAVE

Spirit Airlines, Inc. (NYSE:SAVE) shares have fallen more than 30% over the last five days, possibly due to sympathy with JetBlue Airways Corporation (NASDAQ:JBLU) which reported disappointing Q3 financial results. Additionally, investors are concerned over the Department of Justice's civil antitrust lawsuit to block Spirit Airlines' proposed merger with JetBlue Airways.

Portfolio Pulse from Erica Kollmann

October 31, 2023 | 3:02 pm