Streetbeat News

Stock Prices

ARQT

Mizuho analyst Uy Ear has downgraded Arcutis Biotherapeutics (NASDAQ:ARQT) from Buy to Neutral and lowered the price target from $57 to $4.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 6:43 pm

ABVC

BETS

EDR

MA

PI

SILC

SNOA

US stocks traded lower with the Nasdaq Composite falling more than 1%. Mastercard Inc reported better-than-expected earnings for its third quarter with net revenues at $6.53 billion, up 14% Y/Y. ABVC BioPharma shares shot up 170% after the company announced it entered into a term sheet to license the global rights of CNS drugs. Endeavor Group Holdings shares shot up 24% after the company announced a review of strategic alternatives. Impinj shares were up 20% after the company reported better-than-expected third-quarter revenue results. Bit Brother Limited shares dropped 79% as the company reported pricing of $5.04 million registered direct offering. Sonoma Pharmaceuticals shares were down 51% as the company announced pricing of $1.7 million public offering of 8.5 million shares of common stock. Silicom Ltd was down 34% after the company issued weak sales forecast for the fourth quarter.

Portfolio Pulse from Lisa Levin

October 26, 2023 | 6:42 pm

COIN

ETHUSD

SOLUSD

FTX's cold storage has transferred over $19 million worth of SOL, COMP, and ETH tokens to various cryptocurrency exchange addresses. Around 470,000 SOL (worth $15 million) moved to wallets at exchanges like Binance and Coinbase Global Inc (NASDAQ:COIN). An Ethereum-based FTX-linked wallet transferred $2.5 million worth of various tokens to the Binance deposit address of Wintermute Trading. These transfers come amid recent price surges across the crypto board.

Portfolio Pulse from Khyathi Dalal

October 26, 2023 | 6:31 pm

AVGO

Broadcom's (NYSE:AVGO) short percent of float has risen 6.49% since its last report, with 6.34 million shares sold short, which is 1.97% of all regular shares available for trading. This increase in short interest can act as an indicator of market sentiment towards a particular stock. However, compared to its peers, Broadcom has less short interest as a percentage of float (3.63%).

Portfolio Pulse from Benzinga Insights

October 26, 2023 | 6:30 pm

VMC

Vulcan Materials's (NYSE:VMC) short percent of float has fallen 3.57% since its last report, with 1.59 million shares sold short, which is 1.35% of all regular shares available for trading. It would take traders 2.21 days to cover their short positions on average. The company has less short interest than most of its peers, with an average of 1.69%.

Portfolio Pulse from Benzinga Insights

October 26, 2023 | 6:30 pm

QCOM

Qualcomm's (NYSE:QCOM) short percent of float has risen 21.43% since its last report, with 13.24 million shares sold short, which is 1.19% of all regular shares available for trading. It would take traders 1.28 days to cover their short positions on average. The company's short interest is less than its peer group average of 3.67%.

Portfolio Pulse from Benzinga Insights

October 26, 2023 | 6:30 pm

BLK

BTCUSD

Bitcoin prices surged by 19% in the past week, driven by factors including the potential launch of spot Bitcoin ETFs, the listing of BlackRock's IBTC on the DTCC eligibility list, and overall optimism in the crypto sector. However, the ongoing trial of Sam Bankman-Fried, who is accused of breaching security and potentially leading to fraud, could impact investor sentiment in the crypto sector and potentially lead to a short-sell approach and lower Bitcoin prices.

Portfolio Pulse from Khyathi Dalal

October 26, 2023 | 6:30 pm

CHTR

A significant bearish stance has been taken on Charter Communications (NASDAQ:CHTR) as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 43% bullish and 56% bearish. The price of CHTR is down -4.36% at $405.26. Bernstein downgraded its action to Market Perform with a price target of $463, while Morgan Stanley and Benchmark maintained their ratings with price targets of $500 and $600 respectively.

Portfolio Pulse from Benzinga Insights

October 26, 2023 | 6:20 pm

DG

Dollar General (NYSE:DG) has seen unusual options activity, with a significant number of investors taking a bullish stance. Of the 15 strange trades detected, 60% were bullish and 40% bearish. The total amount for puts was $781,866 and for calls, $157,970. Whales have been targeting a price range from $100.0 to $120.0 for Dollar General over the last 3 months. The company's stock price is currently down -0.06% at $119.4. Analysts from Truist Securities, Citigroup, Morgan Stanley, and Piper Sandler have maintained their ratings on Dollar General.

Portfolio Pulse from Benzinga Insights

October 26, 2023 | 6:20 pm

BP

A significant bearish stance has been taken on BP (NYSE:BP) as indicated by unusual options activity. The sentiment among big-money traders is split between 36% bullish and 63% bearish. The whales have been targeting a price range from $30.0 to $43.0 for BP over the last 3 months. The current price of BP is down -0.93% at $38.7. The next earnings are expected to be released in 5 days.

Portfolio Pulse from Benzinga Insights

October 26, 2023 | 6:20 pm