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APP

EBIX

LAW

RBT

Several IT stocks experienced significant movement during Thursday's intraday session. AppLovin, CS Disco, LivePerson, Alarm.com Holdings, Cleanspark, and Blend Labs saw their stocks rise by 24.6%, 24.18%, 20.63%, 19.51%, 18.61%, and 17.21% respectively. On the other hand, Rubicon Technologies, Ebix, AEye, Tingo Group, OneSpan, and Movella Holdings saw their stocks fall by 23.2%, 23.13%, 18.21%, 17.49%, 17.26%, and 16.86% respectively. The movements were largely driven by the release of Q2 earnings reports.

Portfolio Pulse from Benzinga Insights

August 10, 2023 | 5:31 pm

ILMN

Unusual options activity has been observed for Illumina (NASDAQ:ILMN), with a large position indicating a bullish stance. The overall sentiment of these big-money traders is split between 53% bullish and 46% bearish. The price of ILMN is up 1.59% at $187.42. Analysts from Citigroup, JP Morgan, Credit Suisse, Evercore ISI Group, and Stifel have maintained their ratings on Illumina, with price targets ranging from $150 to $240.

Portfolio Pulse from Benzinga Insights

August 10, 2023 | 5:30 pm

QCOM

Over the past 20 years, Qualcomm (NASDAQ:QCOM) has outperformed the market by 1.65% on an annualized basis, producing an average annual return of 9.37%. If an investor had bought $100 of QCOM stock 20 years ago, it would be worth $593.38 today. The company currently has a market capitalization of $129.52 billion.

Portfolio Pulse from Benzinga Insights

August 10, 2023 | 5:30 pm

SPCE

Virgin Galactic Holdings Inc (NYSE:SPCE) successfully launched tourists into orbit for the first time. The passengers included former Olympian Jon Goodwin and a mother-daughter pair who won their tickets through a lottery. The company's stock traded higher Thursday morning before reversing and dipping slightly in the red. The stock is currently down about 3% YTD versus the S&P 500’s gain of more than 17% in the same time period.

Portfolio Pulse from Aaron Bry

August 10, 2023 | 5:28 pm

AEL

BAM

BMO Capital Market analyst Sohrab Movahedi has raised the price target for Brookfield Asset Management Ltd (BAM) to $34 from $33, maintaining a Market Perform rating. The analyst is optimistic about BAM's earnings growth due to continued investor interest in its alternative asset strategies and the potential addition of $50 billion in perpetual assets from the American Equity Investment Life Holding (AEL) acquisition. Despite missing Q2 2023 revenue and EPS consensus, BAM shares are up 4.24%.

Portfolio Pulse from Lekha Gupta

August 10, 2023 | 5:26 pm

EGY

VAALCO Energy's shares are trading higher after the company reported a Q2 revenue beat.

Portfolio Pulse from Benzinga Newsdesk

August 10, 2023 | 5:19 pm

PENN

Shares of Penn National Gaming (PENN) are trading lower after Craig-Hallum downgraded the stock to Hold.

Portfolio Pulse from Benzinga Newsdesk

August 10, 2023 | 5:18 pm

AMRS

BLND

CPRI

EDBL

GRTX

ORGN

Several stocks experienced significant price movements in Thursday's mid-day session. Edible Garden AG Incorporated (EDBL), Capri Holdings Limited (CPRI), and Blend Labs, Inc. (BLND) were among the gainers, with shares jumping due to better-than-expected Q2 results and acquisition news. On the other hand, Galera Therapeutics, Inc. (GRTX), Amyris, Inc. (AMRS), and Origin Materials, Inc. (ORGN) were among the biggest losers, with shares falling due to FDA response, bankruptcy filing, and mixed Q2 results respectively.

Portfolio Pulse from Lisa Levin

August 10, 2023 | 5:17 pm

TGT

A large investor has taken a bullish stance on Target (NYSE:TGT), with 80% of the big-money trades being bullish and 20% bearish. The overall sentiment is based on 15 uncommon options trades for Target, with 5 puts amounting to $265,580 and 10 calls amounting to $706,192. The whales have been targeting a price range from $100.0 to $140.0 for Target over the last 3 months. The price of TGT is currently up 0.04% at $130.66.

Portfolio Pulse from Benzinga Insights

August 10, 2023 | 5:16 pm

URI

Unusual options activity has been observed for United Rentals (NYSE:URI), with a split sentiment between bullish and bearish. The activity includes 10 uncommon trades, with 7 puts and 3 calls. Whales have been targeting a price range from $400.0 to $520.0 for United Rentals over the last 3 months. The company's stock price is currently up 0.28% at $480.09. Analysts from Keybanc, UBS, Goldman Sachs maintain a positive rating on URI, while Baird and Barclays maintain a negative rating.

Portfolio Pulse from Benzinga Insights

August 10, 2023 | 5:16 pm