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MRNA

Moderna, Inc. (NASDAQ:MRNA) shares are trading lower alongside other vaccine stocks amid a selloff after the sector gained amid rising COVID-19 cases. The weakness comes after Pfizer announced it expects a 24% vaccination rate this year. Moderna's stock has gained nearly 10% in the past few weeks due to rising COVID cases in the US, but was down nearly 9% on Monday.

Portfolio Pulse from Ryan Gustafson

September 18, 2023 | 7:29 pm

WOLF

Morgan Stanley has maintained an Equal-Weight rating on Wolfspeed's stock but lowered its price target from $44 to $42. This has led to a decrease in Wolfspeed's share price.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 7:15 pm

TFC

Truist Finl's (NYSE:TFC) short percent of float has fallen 25.97% since its last report, with 15.10 million shares sold short, which is 1.14% of all regular shares available for trading. This decrease in short interest could signal a more bullish market sentiment towards the stock. Compared to its peers, Truist Finl has less short interest as a percentage of float, with an average of 4.63%.

Portfolio Pulse from Benzinga Insights

September 18, 2023 | 7:15 pm

SNY

Sanofi's (NYSE:SNY) short percent of float has risen 7.69% since its last report, with 3.42 million shares sold short, which is 0.14% of all regular shares available for trading. It would take traders 3.25 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. Sanofi's peer group average for short interest as a percentage of float is 4.32%, which means the company has less short interest than most of its peers.

Portfolio Pulse from Benzinga Insights

September 18, 2023 | 7:15 pm

MS

Morgan Stanley's (NYSE:MS) short percent of float has risen 3.42% since its last report, with 19.28 million shares sold short, which is 1.51% of all regular shares available for trading. It would take traders 3.26 days to cover their short positions on average. The company's short interest is less than its peer group average of 3.64%.

Portfolio Pulse from Benzinga Insights

September 18, 2023 | 7:15 pm

EBAY

OSTK

SHOP

W

E-commerce stocks including EBAY, OSTK, SHOP, and W are trading lower due to weakness in the broader retail sector.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 7:14 pm

U

Unity Software Inc (NYSE:U) has issued an apology for the confusion and dissatisfaction caused by its recently announced runtime fee policy. The company faced criticism and a significant drop in its stock price after announcing the controversial fee structure. The policy, which charges developers based on the number of installations for games made with Unity once they surpass a certain threshold, is scheduled to go into effect on Jan. 1, 2024. Unity has promised to make changes to this policy but has not provided specific details.

Portfolio Pulse from Franca Quarneti

September 18, 2023 | 7:13 pm

ATAI

CYBN

MNMD

Billionaire Steve Cohen has invested nearly $19 million in Cybin Inc. (NYSE:CYBN) through his Point72 asset management firm, which now owns over 8% of Cybin's stock. This is Point72's first public position in a psychedelics company. In other news, billionaire Blake Mycoskie has updated on his $100 million pledge for psychedelics research, stating that he has already donated $11 million, including investments in MindMed (NASDAQ: MNMD), atai Life Sciences (NASDAQ:ATAI), and MAPS PBC.

Portfolio Pulse from Lara Goldstein

September 18, 2023 | 7:10 pm

AAPL

CVX

XLE

XLK

XOM

Crude oil prices are surging, with experts predicting a barrel of oil could hit $100. Price premiums for physical oil barrels are increasing globally due to rising diesel demand. Chevron Corp. CEO Mike Wirth expressed confidence in oil reaching $100 a barrel. Over the last three months, energy stocks represented by the Energy Select Sector SPDR Fund have outperformed the Technology Select Sector SPDR Fund by 20%. Exxon Mobil Corp. has also outperformed Apple Inc.

Portfolio Pulse from Piero Cingari

September 18, 2023 | 7:06 pm

COP

A significant bearish stance has been taken on ConocoPhillips (NYSE:COP) by a large investor, as observed in the unusual options activity. The sentiment among these big-money traders is 70% bearish and 30% bullish. The whales have been targeting a price range from $115.0 to $140.0 for ConocoPhillips over the last 3 months. The current price of COP is up 0.78% at $124.54.

Portfolio Pulse from Benzinga Insights

September 18, 2023 | 7:01 pm