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Stock Prices

KVYO

Klaviyo (NYSE:KVYO) went public, offering 19.20 million shares at $30.00 per share. On its first day of trading, the stock fell 10.86% from its opening price of $36.75 to $32.76. The company has an insider lock-up period of 180 days, ending on March 18, 2024, during which major shareholders cannot sell their shares. Traders may short the stock leading up to the lockup-period expiration date.

Portfolio Pulse from Benzinga Insights

September 21, 2023 | 9:30 pm

VFS

VinFast Auto Ltd. (NASDAQ:VFS) shares traded lower due to overall market weakness and the company's Q2 earnings report. The company reported a loss of 23 cents per share, better than a loss of 25 cents YoY. Revenue totaled $334.1 million and vehicle deliveries were 9,535 units. VinFast anticipates vehicle deliveries of between 40,000 and 50,000 vehicles in 2023. The stock was also impacted by a rise in Treasury yields after Wednesday's FOMC statement.

Portfolio Pulse from Ryan Gustafson

September 21, 2023 | 9:10 pm

YETI

Analysts have given YETI Holdings (NYSE:YETI) a mixed rating over the past quarter, with 3 bullish, 3 somewhat bullish, 3 indifferent, and 1 somewhat bearish. The average price target for the stock is $52.4, an increase of 1.04% from the previous average of $51.86.

Portfolio Pulse from Benzinga Insights

September 21, 2023 | 9:00 pm

CSCO

SPLK

Cisco Systems Inc (CSCO) announced its acquisition of Splunk Inc (SPLK) for $28 billion, causing Splunk's stock to rise over 20%. A trader who bought $22,000 worth of out-of-the-money call options on Splunk the day before the announcement saw their options value increase to over $10 million. This has led to speculation of insider trading.

Portfolio Pulse from Aaron Bry

September 21, 2023 | 8:59 pm

SATL

Satellogic has reduced its FY23 revenue forecast from $30M-$50M to $10M-$20M. The company also announced that it does not expect to launch any additional satellites until Q1 of 2024.

Portfolio Pulse from Benzinga Newsdesk

September 21, 2023 | 8:58 pm

MCD

A 'whale' investor has taken a bullish stance on McDonald's (NYSE:MCD), with 50% of the investors opening trades with bullish expectations and 50% with bearish. The whales have been targeting a price range from $265.0 to $300.0 for McDonald's over the last 3 months. The price of MCD is currently down -2.16% at $271.22. Tigress Financial and Truist Securities have maintained their Buy rating on McDonald's, while TD Cowen downgraded its action to Outperform and Wells Fargo upgraded its action to Overweight.

Portfolio Pulse from Benzinga Insights

September 21, 2023 | 8:49 pm

CSCO

A significant investor has taken a bearish stance on Cisco Systems (NASDAQ:CSCO), with 58% of recent trades being bearish. The majority of trades are puts, totaling $2,527,535, compared to $642,791 in calls. Whales have been targeting a price range from $42.5 to $57.5 for Cisco Systems over the last 3 months. The current price of CSCO is down -3.89% at $53.34. B of A Securities maintains a Neutral rating on Cisco Systems with a price target of $60.

Portfolio Pulse from Benzinga Insights

September 21, 2023 | 8:49 pm

ADTX

Aditxt Inc has received a notice of delisting or failure to satisfy a continued listing rule or standard from Nasdaq, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

September 21, 2023 | 8:37 pm

TMPO

Tempo Automation Holdings, Inc. (NASDAQ:TMPO) has received a default notice from its senior lender consortium due to multiple breaches of the Loan Agreement, including failure to make monthly payments and suspension of business operations. The company and its subsidiaries are unable to cure such defaults or repay the indebtedness of $29,065,017. This could lead to foreclosure proceedings and a dramatic decline in the value of the company's securities.

Portfolio Pulse from Benzinga Newsdesk

September 21, 2023 | 8:35 pm

ATVI

A large bearish position on Activision Blizzard (NASDAQ:ATVI) has been noticed, with the overall sentiment of big-money traders being 90% bearish. The whales have been targeting a price range from $70.0 to $95.0 for Activision Blizzard over the last 3 months. The price of ATVI is currently down -0.23% at $92.35.

Portfolio Pulse from Benzinga Insights

September 21, 2023 | 8:31 pm