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ACER

AGIL

AXLA

EFSH

ICCT

The article lists the stocks that have gained and lost the most in Thursday's mid-day session. Acer Therapeutics Inc. (ACER) shares jumped 145% after Zevra Therapeutics announced it will acquire the company. 1847 Holdings LLC (EFSH) surged 66.6% after reporting successful restructuring of promissory notes. iCoreConnect Inc. (ICCT) climbed 51.7% after announcing the closing of its business combination with FG Merger Corp. On the other hand, Axcella Health Inc. (AXLA) shares dipped 29.1%, AgileThought, Inc. (AGIL) shares fell 27.7%, and Lands' End, Inc. (LE) declined 22.4% after reporting worse-than-expected second-quarter results and issuing weak guidance.

Portfolio Pulse from Lisa Levin

August 31, 2023 | 4:50 pm

DIA

GDX

IBB

IWM

JETS

KIE

KRE

PBW

QQQ

SPY

TAN

XOP

Major US stock indices, monitored through ETFs SPY, DIA, QQQ, and IWM, are set to end the month with losses, marking the first month of losses after a 5-month winning streak. However, some industry ETFs like XOP, KIE, and IBB managed to achieve positive performance in August 2023. On the other hand, PBW, TAN, JETS, KRE, and GDX were among the worst-performing ETFs.

Portfolio Pulse from Piero Cingari

August 31, 2023 | 4:49 pm

SONN

Sonnet BioTherapeutics has announced a 1-for-22 reverse stock split, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 31, 2023 | 4:48 pm

MRNA

Unusual options activity has been observed for Moderna (NASDAQ:MRNA), with a split sentiment of 50% bullish and 50% bearish among big-money traders. The options trades include 6 puts amounting to $336,184 and 4 calls amounting to $259,058. The targeted price range for Moderna over the last 3 months has been from $100.0 to $230.0. Various financial institutions have maintained or downgraded their ratings on Moderna, with price targets ranging from $123 to $190.

Portfolio Pulse from Benzinga Insights

August 31, 2023 | 4:47 pm

TSM

A significant bullish stance has been taken on Taiwan Semiconductor (NYSE:TSM) as evidenced by unusual options activity. The overall sentiment of these big-money traders is split between 50% bullish and 50% bearish. The whales have been targeting a price range from $84.0 to $140.0 for Taiwan Semiconductor over the last 3 months. The price of TSM is currently down -1.14% at $93.69.

Portfolio Pulse from Benzinga Insights

August 31, 2023 | 4:47 pm

AXLA

Axcella shares are trading lower due to profit taking after the stock rallied earlier in the week.

Portfolio Pulse from Benzinga Newsdesk

August 31, 2023 | 4:47 pm

ASHR

EIDO

EPI

EWM

FXI

THD

VNM

India's GDP grew by 7.8% in the April - June period, outpacing China's growth of 6.3%. The G-20 summit is in India next week, and there are reports that China's President Xi is likely to skip the summit. Corporations are rapidly shifting supply chain out of China, with India and other countries like Vietnam, Indonesia, Thailand, and Malaysia benefiting. The ETFs of choice are iShares China Large-Cap ETF (NYSE:FXI), Xtrackers Hvst CSI 300 China A-Shs ETF (NYSE:ASHR), VanEck Vietnam ETF (BATS:VNM), iShares MSCI Indonesia ETF (NYSE:EIDO), Ishares Msci Thailand Etf (NYSE:THD), iShares MSCI Malaysia ETF (NYSE:EWM), and WisdomTree India Earnings ETF (NYSE:EPI).

Portfolio Pulse from The Arora Report

August 31, 2023 | 4:44 pm

MOGO

Mogo Inc. (NASDAQ:MOGO) has regained compliance with the Nasdaq minimum bid price requirement. The company's common share price has been $1.00 or greater for at least ten consecutive business days, from August 14, 2023 through August 25, 2023, allowing it to meet the Nasdaq Listing Rule 5550(a)(2).

Portfolio Pulse from Happy Mohamed

August 31, 2023 | 4:38 pm

SPY

UUP

The Bureau of Labor Statistics’ August jobs report is expected to show a slowdown in non-farm payroll growth from 187,000 in July to 170,000 in August, the slowest rate of employment expansion since December 2020. The unemployment rate is predicted to remain stable at 3.5%, and the growth in average hourly earnings is predicted to be steady at 4.4% annually. The report's results could influence the Federal Reserve's future actions, potentially impacting markets and the dollar. The Invesco DB USD Index Bullish Fund ETF (UUP) and the SPDR S&P 500 ETF Trust (SPY) could be affected.

Portfolio Pulse from Piero Cingari

August 31, 2023 | 4:35 pm

CVX

A significant investor has taken a bearish stance on Chevron (NYSE:CVX), with 63% of the detected trades being bearish and 36% bullish. The total amount for puts is $233,325 and for calls is $394,254. Whales have been targeting a price range from $140.0 to $170.0 for Chevron over the last 3 months. The current price of CVX is up 0.24% at $160.57.

Portfolio Pulse from Benzinga Insights

August 31, 2023 | 4:32 pm