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Stock Prices

SHOP

A significant bullish position has been taken on Shopify (NYSE:SHOP) by an unknown entity, possibly an institution or wealthy individual. This was noticed through publicly available options history. The overall sentiment of these big-money traders is split between 50% bullish and 50% bearish. Whales have been targeting a price range from $45.0 to $80.0 for Shopify over the last 3 months. The price of SHOP is currently down -1.98% at $55.35. Several financial institutions have maintained their ratings on Shopify, with price targets ranging from $55 to $76.

Portfolio Pulse from Benzinga Insights

August 11, 2023 | 3:30 pm

LRCX

A significant investor has taken a bearish stance on Lam Research (NASDAQ:LRCX), with 56% of investors opening trades with bearish expectations. Whales have been targeting a price range from $580.0 to $700.0 for Lam Research over the last 3 months. The price of LRCX is down -3.41% at $663.0. Barclays, Citigroup, Mizuho, Morgan Stanley, and Stifel have maintained their ratings on Lam Research, with price targets ranging from $600 to $800.

Portfolio Pulse from Benzinga Insights

August 11, 2023 | 3:30 pm

MLM

Martin Marietta Materials (NYSE:MLM) has outperformed the market over the past 5 years by 8.19% on an annualized basis, producing an average annual return of 17.59%. If an investor had bought $100 of MLM stock 5 years ago, it would be worth $226.76 today.

Portfolio Pulse from Benzinga Insights

August 11, 2023 | 3:30 pm

LOW

Over the past 15 years, Lowe's Companies (NYSE:LOW) has outperformed the market by 7.23% on an annualized basis, producing an average annual return of 15.87%. If an investor had bought $1000 of LOW stock 15 years ago, it would be worth $9,124.69 today. Lowe's Companies currently has a market capitalization of $131.00 billion.

Portfolio Pulse from Benzinga Insights

August 11, 2023 | 3:30 pm

AMPX

Amprius Technologies reported its Q2 financial results, which led to a decrease in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

August 11, 2023 | 3:27 pm

MULN

Mullen Automotive, Inc. (NASDAQ:MULN) shares are volatile after the company effected a 1-for-9 reverse stock split to comply with the $1.00 minimum bid price Nasdaq requirement. The stock began trading on a split-adjusted basis and is currently up by 1.77% at $1.04. The trading volume is heavy with more than 31.5 million shares traded, compared to the 100-day average of 28.739 million shares.

Portfolio Pulse from Erica Kollmann

August 11, 2023 | 3:23 pm

MTEM

Molecular Templates, Inc. (NASDAQ:MTEM) has announced a 1-for-15 reverse stock split, approved by the Board and stockholders. The split will take effect after the close of trading on The Nasdaq Capital Market on August 11, 2023. The move is intended to increase the per share trading price of the company's common stock to regain compliance with the minimum bid price requirement for continued listing on The Nasdaq Capital Market. The reverse split will reduce the number of outstanding common stock from approximately 80,612,816 shares to approximately 5,374,187 shares.

Portfolio Pulse from Happy Mohamed

August 11, 2023 | 3:23 pm

SIEN

Sientra reported lower than expected Q2 revenue results and issued FY23 net sales guidance below estimates, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

August 11, 2023 | 3:23 pm

HQI

HireQuest's shares are trading lower following the company's Q2 financial results, which were worse than expected.

Portfolio Pulse from Benzinga Newsdesk

August 11, 2023 | 3:22 pm

ORGN

Craig-Hallum has downgraded Origin Materials' stock from Buy to Hold and set a price target of $2. This has led to a decrease in the trading price of Origin Materials' shares.

Portfolio Pulse from Benzinga Newsdesk

August 11, 2023 | 3:18 pm