Streetbeat News

Stock Prices

ING

ING Groep's short percent of float has fallen 41.67% since its last report, with 2.61 million shares sold short, which is 0.07% of all regular shares available for trading. This decrease in short interest could signal a more bullish sentiment towards the stock. Compared to its peers, ING Groep has less short interest.

Portfolio Pulse from Benzinga Insights

September 25, 2023 | 7:45 pm

AMGN

CHRS

The FDA has issued a Complete Response Letter to Coherus BioSciences Inc (NASDAQ:CHRS) regarding its Udenyca Onbody, an on-body injector (OBI) presentation of Udenyca, due to an ongoing review of inspection findings at a third-party filler. The CRL did not identify any issues with the Udenyca Onbody's clinical efficacy or safety. Coherus also announced that the FDA has completed the clinical study site inspections of three clinical sites in China for the toripalimab BLA. CHRS shares are down 8.74%.

Portfolio Pulse from Vandana Singh

September 25, 2023 | 7:35 pm

CRWD

A significant bearish stance has been taken on CrowdStrike Holdings (NASDAQ:CRWD) as evidenced by unusual options activity. The overall sentiment of big-money traders is split between 23% bullish and 76% bearish. Whales have been targeting a price range from $110.0 to $175.0 for CrowdStrike Holdings over the last 3 months. The price of CRWD is currently down -1.6% at $159.97. Analysts from Jefferies, Scotiabank, Truist Securities, and Cantor Fitzgerald have maintained their ratings on CrowdStrike Holdings with price targets ranging from $170 to $200.

Portfolio Pulse from Benzinga Insights

September 25, 2023 | 7:32 pm

AZO

AutoZone (NYSE:AZO) has seen unusual options activity, with 80% of investors taking a bearish stance. The majority of trades are puts, totaling $234,340, with calls totaling $102,040. Whales have been targeting a price range from $2300.0 to $2750.0 for AutoZone over the last 3 months. The current price of AZO is up 0.19% at $2575.09. Analysts from JP Morgan, Barclays, Evercore ISI Group, DA Davidson, and Argus Research have maintained their ratings on AutoZone, with price targets ranging from $2500 to $2975.

Portfolio Pulse from Benzinga Insights

September 25, 2023 | 7:32 pm

CGC

Canopy Growth Corporation (NASDAQ:CGC) stock surged about 20% higher on Monday, rebounding from a 50% drop between Sept. 15 and Sept. 21. The rise is attributed to a double bottom pattern formed at the 76-cent area and increased interest in the cannabis sector after the Department of Health and Human Services recommended marijuana be rescheduled. Despite the rise, Canopy Growth remains trading in a downtrend.

Portfolio Pulse from Melanie Schaffer

September 25, 2023 | 7:30 pm

CNXA

Connexa Sports Technologies Inc. (NASDAQ:CNXA) shares dropped after the company received a letter from Nasdaq regarding the late filing of its quarterly report. The company was in violation of Nasdaq's continued listing requirements due to its failure to file its Quarterly Report on Form 10-Q for the period ended July 31.

Portfolio Pulse from Ryan Gustafson

September 25, 2023 | 7:26 pm

WBD

Warner Bros. Discovery shares are experiencing increased volatility following the acceptance of a tentative agreement between Hollywood writers and studios.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2023 | 7:24 pm

AMRK

B. Riley Securities analyst Lucas N. Pipes has lowered the price target on A-Mark Precious Metals Inc (AMRK) to $45 from $54 while maintaining a Buy rating. The analyst reduced estimates for Q1 FY24 EPS to $0.97 from $1.38 per share and adjusted EBITDA to $32.3 million from $45.3 million. Despite the margin compression, the company sees the low-margin environment as an opportunity to attract new customers and boost volumes. AMRK shares are trading lower by 2.7% at $29.80.

Portfolio Pulse from Lekha Gupta

September 25, 2023 | 7:22 pm

FOX

Florida Governor Ron DeSantis and California Governor Gavin Newsom have agreed to a televised debate on Fox News, a subsidiary of Fox Corp (NASDAQ:FOX), on November 30. The event is being promoted as a 'red state vs blue state' debate. PredictIt.org, a betting website, currently ranks Newsom and DeSantis as the third and fourth favorites to win the 2024 presidential election, despite Newsom's repeated denial of running for president in 2024.

Portfolio Pulse from Aaron Bry

September 25, 2023 | 7:19 pm

ABT

A significant investor has taken a bearish stance on Abbott Laboratories (NYSE:ABT), with 72% of recent trades indicating bearish expectations. The trades include 2 puts totaling $84,308 and 9 calls totaling $361,094. The targeted price range for Abbott Laboratories over the last 3 months is from $90.0 to $105.0. The current price of ABT is down -0.91% at $97.26, and RSI indicators suggest the stock may be oversold. The next earnings are expected in 23 days.

Portfolio Pulse from Benzinga Insights

September 25, 2023 | 7:16 pm