Streetbeat News

Stock Prices

HOLI

A buyer consortium has expressed its expectation that the board of Hollysys Automation Technologies will proceed with a special meeting. The consortium also commented that the $25/share proposal from the company's Co-COOs appears to be an even emptier gesture than the 2021 management takeover proposal.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 7:23 pm

MULN

Mullen Automotive, Inc. (NASDAQ:MULN) shares are trading higher on Tuesday, rebounding by nearly 37% on unusually high volume. The company recently filed a preliminary proxy statement to the SEC for a reverse stock split to regain compliance with the Nasdaq minimum bid price listing rule. The company also provided an update on its lawsuit against TD Ameritrade, Charles Schwab, National Finance Services and others.

Portfolio Pulse from Ryan Gustafson

October 24, 2023 | 7:20 pm

MELI

A significant bullish stance has been taken on MercadoLibre (NASDAQ:MELI) as indicated by unusual options activity. The sentiment among these big-money traders is split between 68% bullish and 31% bearish. The whales have been targeting a price range from $580.0 to $1460.0 for MercadoLibre over the last 3 months. The price of MELI is currently up 3.49% at $1221.27.

Portfolio Pulse from Benzinga Insights

October 24, 2023 | 7:16 pm

UNH

A significant investor has taken a bullish stance on UnitedHealth Group (NYSE:UNH), with 50% of investors opening trades with bullish expectations and 50% with bearish. The whales have been targeting a price range from $415.0 to $580.0 for UnitedHealth Group over the last 3 months. The price of UNH is up 0.84% at $525.97. UBS upgraded its action to Buy with a price target of $640, while Jefferies, Morgan Stanley, RBC Capital, and Piper Sandler maintained their ratings with price targets of $531, $579, $596, and $584 respectively.

Portfolio Pulse from Benzinga Insights

October 24, 2023 | 7:16 pm

MSFT

Microsoft Corporation (NASDAQ:MSFT) is set to release its first-quarter 2024 fiscal year financial results after the market closes on Tuesday. Analysts estimate earnings per share of $2.50 on revenues of $51.4 billion. Citigroup analyst Tyler Radke maintained a Buy rating and raised the price target from $420 to $430. From a technical analysis perspective, Microsoft’s stock looks bullish heading into the event, trading in a falling channel pattern.

Portfolio Pulse from Melanie Schaffer

October 24, 2023 | 7:15 pm

GOOG

GOOGL

Alphabet, Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) is set to release its Q3 earnings after the market close on Tuesday. Analysts expect an EPS of $1.44 on revenues of $75.87 billion. The stock looks bullish heading into the event, with a possible bull flag pattern on the daily chart. However, holding a stock or options through earnings is considered risky. The stock could reach a new all-time high of $150 if it breaks up from the flag on higher-than-average volume.

Portfolio Pulse from Melanie Schaffer

October 24, 2023 | 7:12 pm

QCOM

A significant bearish stance has been taken on Qualcomm (NASDAQ:QCOM) by a large investor, as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 34% bullish and 65% bearish. The whales have been targeting a price range from $70.0 to $160.0 for Qualcomm over the last 3 months. Susquehanna has maintained their Positive rating on Qualcomm, with a price target of $130.

Portfolio Pulse from Benzinga Insights

October 24, 2023 | 7:03 pm

QCOM

Qualcomm has announced that it is running over 13 billion parameters on device, which is 8 times faster than its competitors. This could potentially give Qualcomm a significant edge in the market.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 7:02 pm

LXFR

Luxfer Holdings (NYSE:LXFR) is set to release its latest quarterly earnings report on October 25, 2023. Analysts estimate an earnings per share (EPS) of $0.04. The company's past performance shows a trend of share price drops following earnings reports. The stock is currently trading at $8.78, down 42.43% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

October 24, 2023 | 7:02 pm

STC

Stewart Information Servs (NYSE:STC) is set to release its latest quarterly earnings report on October 25, 2023. Analysts estimate an earnings per share (EPS) of $0.68. The company's past performance shows a mixed trend of earnings beats and misses, with the last quarter missing EPS by $0.02. The share price increased by 0.38% the next day. The company's shares were trading at $39.6 as of October 23, with a 52-week decrease of 8.37%.

Portfolio Pulse from Benzinga Insights

October 24, 2023 | 7:02 pm