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AMC

AMC Entertainment Holdings, Inc (NYSE:AMC) saw a brief 2% rise on Tuesday amid news of a tentative writer’s strike deal, which is expected to benefit movie theaters as halted productions resume. However, the stock has seen decreasing volume since a 35% plunge on Sept. 6. The stock's relative strength index is at about 29%, suggesting a potential brief pop higher. The lack of volume in AMC caused the upward move to lose momentum and the stock rejected the eight-day exponential moving average (EMA).

Portfolio Pulse from Melanie Schaffer

September 26, 2023 | 6:51 pm

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IWM

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SPY

Major indexes are down due to a rise in Treasury yields and market concerns following US economic data. New home sales fell in August and consumer confidence was below estimates.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2023 | 6:48 pm

A significant investor has taken a bearish stance on Home Depot (NYSE:HD), with 63% of the investors opening trades with bearish expectations. The whales have been targeting a price range from $290.0 to $375.0 for Home Depot over the last 3 months. Evercore ISI Group maintains an Outperform rating on Home Depot with a price target of $370, while Stifel and HSBC have downgraded their actions to Hold with price targets of $350 and $365 respectively.

Portfolio Pulse from Benzinga Insights

September 26, 2023 | 6:46 pm

INZY

Inozyme Pharma Inc (NASDAQ: INZY) has announced positive interim data from its ongoing Phase 1/2 trials of INZ-701 in adults with ENPP1 Deficiency and ABCC6 Deficiency. The data shows a meaningful reduction of fibroblast growth factor-23 (FGF-23) and an increase in serum phosphate levels. The company also reported upward trends in bone-specific alkaline phosphatase levels and improvements in GIC scores. The data suggests clinical benefits for ENPP1 Deficiency, including improvement in key biomarkers, patient-reported outcomes, and functional outcomes. Following the news, INZY shares are up 10.60% at $4.77.

Portfolio Pulse from Vandana Singh

September 26, 2023 | 6:44 pm

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Dick's Sporting Goods Inc plans to hire 8,600 seasonal workers for the upcoming holiday season, down from 9,000 last year. This follows a trend of conservative seasonal hiring by other retail giants like Target Corporation and Macy's Inc, due to rising labor costs and sluggish growth in holiday sales. However, Amazon.Com, Inc. plans to increase its hires by 67% compared to the last two years. Brands like Dick's Sporting Goods, Nike, Inc., and Foot Locker, Inc. are grappling with diminished wholesale demand.

Portfolio Pulse from Shivani Kumaresan

September 26, 2023 | 6:38 pm

BLNK

Blink Charging Co (NASDAQ:BLNK) has announced a partnership with Parkopedia, integrating over 4,000 EV charging locations in North America into the Parkopedia platform. This will increase the platform's access to around 12,000 public EV chargers. Last month, BLNK reported a Q2 EPS loss of $0.44, beating the analyst consensus estimate of an EPS loss of $0.49. The company also raised its FY23 revenue target to $110 and $120 million.

Portfolio Pulse from Lekha Gupta

September 26, 2023 | 6:34 pm

MLGO

MicroAlgo, Inc. (NASDAQ:MLGO) shares are trading lower following a recent surge in price due to the company's announcement of a new algorithm to boost the performance and efficiency of research institutions. The stock has since pulled back, with shares down 21.3% at $2.37.

Portfolio Pulse from Ryan Gustafson

September 26, 2023 | 6:32 pm

A significant bearish stance has been taken on Visa (NYSE:V) as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 27% bullish and 72% bearish. The whales have been targeting a price range from $130.0 to $260.0 for Visa over the last 3 months. Visa's stock price is currently down by 1.44% at $229.99. Wedbush, Mizuho, and Baird have downgraded their actions on Visa with price targets of $270, $255, and $284 respectively.

Portfolio Pulse from Benzinga Insights

September 26, 2023 | 6:31 pm

A large investor has taken a bearish stance on Boeing (NYSE:BA), as indicated by a significant position in options. The sentiment among these big-money traders is split, with 31% bullish and 68% bearish. The whales have been targeting a price range from $150.0 to $280.0 for Boeing over the last 3 months. Currently, the price of BA is down -1.43% at $195.94. Citigroup, Susquehanna, and TD Cowen have maintained their ratings on Boeing with price targets of $285, $270, and $260 respectively.

Portfolio Pulse from Benzinga Insights

September 26, 2023 | 6:31 pm

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IMVT

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UNFI

US stocks traded lower with the Dow Jones falling more than 400 points and NASDAQ falling 1.48%. United Natural Foods Inc reported mixed results for its fourth quarter, missing sales growth consensus but beating EPS consensus. The company's shares fell by 25%. Soleno Therapeutics, Femasys Inc, and Immunovant saw significant increases in their share prices due to positive news. TransCode Therapeutics and New Pacific Metals Corp saw their shares drop.

Portfolio Pulse from Lisa Levin

September 26, 2023 | 6:26 pm