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Stock Prices

IBM

A significant amount of unusual options activity has been detected for IBM (NYSE:IBM), with a majority of investors taking a bearish stance. Of the 12 strange trades detected, 41% were bullish and 58% were bearish. The total amount for puts was $114,055 and for calls was $662,348. Whales have been targeting a price range from $60.0 to $160.0 for IBM over the last 3 months. The current price of IBM is down -0.22% at $147.74.

Portfolio Pulse from Benzinga Insights

September 07, 2023 | 7:49 pm

AMZN

CMND

SPRC

Clinical-stage biopharma company SciSparc Ltd. (NASDAQ:SPRC) has been granted an additional 180-day compliance period by Nasdaq to regain compliance with the stock market’s minimum bid price rule. The company's shares need to surge over 600% to meet the $1.00 minimum bid price. SciSparc is engaged in several drug development programs based on THC and/or non-psychoactive CBD. The company also owns a controlling interest in a company selling hemp seeds oil-based products on Amazon (NASDAQ:AMZN). Clearmind Medicine (NASDAQ:CMND) has also recently entered its first Nasdaq compliance period.

Portfolio Pulse from Lara Goldstein

September 07, 2023 | 7:45 pm

TNDM

Tandem Diabetes Care's stock is trading lower due to pressure on diabetes stocks amid strength in weight loss drug companies. The company is presenting at the Wells Fargo Healthcare Conference today.

Portfolio Pulse from Bill Haddad

September 07, 2023 | 7:44 pm

DMS

Shares of Digital Media Solutions (DMS) were halted on a circuit breaker due to a sharp increase in price. The stock is now up by 20.9%.

Portfolio Pulse from Happy Mohamed

September 07, 2023 | 7:41 pm

AA

BHP

RIO

VALE

Shares of metals and materials stocks are trading lower due to overall macro concerns on rate hike fears. Companies like AA, BHP, RIO, and VALE are mentioned.

Portfolio Pulse from Benzinga Newsdesk

September 07, 2023 | 7:39 pm

INTC

Intel shares are trading higher despite a general weakness in semiconductor stocks. The company recently presented at the Citi Global Technology Conference.

Portfolio Pulse from Bill Haddad

September 07, 2023 | 7:37 pm

AI

C3.ai Inc (NYSE:AI) reported Q1 results with top and bottom-line beats, overshadowed by gross margin weakness and mixed guidance. Total revenue was $72.4 million, above the Street’s $71.6 million estimate. Non-GAAP gross margin was 68.6%, below the Street’s 73.1% estimate. The company lowered its operating income guidance to ($100.0) million - ($70.0) million. Wedbush analyst Daniel Ives maintained an Outperform rating but lowered the price target from $50 to $42. AI shares traded lower by 12.8%.

Portfolio Pulse from Anusuya Lahiri

September 07, 2023 | 7:35 pm

ATVI

A significant bearish stance has been taken on Activision Blizzard (NASDAQ:ATVI) by a large investor, as observed in the publicly available options history. The overall sentiment of these big-money traders is split between 33% bullish and 66% 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 -0.02% at $92.05.

Portfolio Pulse from Benzinga Insights

September 07, 2023 | 7:34 pm

SPY

The market on close imbalance is leaning towards the buy-side with $171M. This indicates a higher demand for stocks at the close of the market, which could potentially drive up prices. The SPY ETF, which tracks the S&P 500, may be affected by this trend.

Portfolio Pulse from Happy Mohamed

September 07, 2023 | 7:32 pm

ADI

AMD

GFS

INTC

MU

ON

At the Citi Global Technology Conference, Citi analyst Christopher Danely reiterated his neutral rating on Intel (INTC) with a price target of $34.00. He was positive about Intel's 3Q23 performance and expects server share to stabilize in 2024. However, he noted China's sluggish demand could impact 4Q23 guidance. Danely's top pick is Micron Technology (MU) due to a turnaround in DRAM pricing. Other buy-rated companies include ON Semiconductor (ON), Advanced Micro Devices (AMD), Analog Devices (ADI), and GlobalFoundries (GFS).

Portfolio Pulse from Anusuya Lahiri

September 07, 2023 | 7:31 pm