Streetbeat News

Stock Prices

WBD

Warner Bros. Discovery has postponed the release of 'Dune: Part Two' due to the ongoing SAG strike, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

August 25, 2023 | 5:16 pm

SPY

Federal Reserve Chair Jerome Powell's address at the Jackson Hole Economic Policy Symposium indicated potential interest rate hikes, reiterating the Fed’s commitment to price stability. Wall Street analysts have varied interpretations of the speech. The possibility of an interest rate hike in September has risen to 21.5%, and by November, the chances stand at 52%. The SPDR S&P 500 ETF Trust (NYSE:SPY) fell nearly 1.3% on Powell's initial comments, but recovered to currently trade 0.44% higher from Friday's market open.

Portfolio Pulse from AJ Fabino

August 25, 2023 | 5:16 pm

MRNA

A significant bearish stance has been taken on Moderna (NASDAQ:MRNA) by a large investor, as observed in the unusual options activity. The sentiment among these big-money traders is split between 46% bullish and 53% bearish. The whales have been targeting a price range from $65.0 to $150.0 for Moderna over the last 3 months. The current price of MRNA is down -2.01% at $110.39. Several financial institutions have maintained or downgraded their ratings on Moderna, with price targets ranging from $123 to $190.

Portfolio Pulse from Benzinga Insights

August 25, 2023 | 5:15 pm

PANW

A significant bullish stance has been taken on Palo Alto Networks (NASDAQ:PANW) by a large investor or institution, as indicated by unusual options trading activity. The sentiment among these big-money traders is split between 66% bullish and 33% bearish. The targeted price range for PANW over the last 3 months has been $195.0 to $240.0. Several financial institutions have maintained their positive ratings on PANW, with price targets ranging from $250 to $295.

Portfolio Pulse from Benzinga Insights

August 25, 2023 | 5:15 pm

STNE

Citigroup has maintained a Buy rating on StoneCo's stock and raised its price target from $17 to $18. This has resulted in StoneCo's shares trading higher.

Portfolio Pulse from Benzinga Newsdesk

August 25, 2023 | 5:08 pm

AAPL

SPKY

UVXY

Apple Inc. (AAPL) stock showed indecision after Federal Reserve chair Jerome Powell indicated that more interest rate hikes are possible. The stock briefly fell under Thursday's low on Friday. If Apple trades higher on Monday, a new uptrend may be on the horizon. However, if it falls lower, the trend could continue downwards, increasing stock market volatility due to Apple's weight in the S&P 500. Traders can trade the potential volatility with options like the ConvexityShares Daily 1.5x SPIKES Futures ETF (SPKY) and ProShares Ultra VIX Short Term Futures ETF (UVXY).

Portfolio Pulse from Melanie Schaffer

August 25, 2023 | 5:05 pm

BJDX

Bluejay Diagnostics announced a $1.59 million registered direct offering of 216,000 shares at $7.365 per share, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

August 25, 2023 | 5:05 pm

HAS

Stifel has maintained a Buy rating on Hasbro's stock and increased its price target from $79 to $94. This has resulted in Hasbro's shares trading higher.

Portfolio Pulse from Benzinga Newsdesk

August 25, 2023 | 5:04 pm

AEHL

Antelope Enterprise Holdings Limited pre-announced its H1 2023 revenue results, leading to a decrease in its share prices.

Portfolio Pulse from Benzinga Newsdesk

August 25, 2023 | 5:03 pm

SPY

UNG

USO

The U.S. Baker Hughes Oil Rig Count has decreased by 8 from last week to 512, and the Gas Rig Count has decreased by 2 from last week to 115.

Portfolio Pulse from Happy Mohamed

August 25, 2023 | 5:03 pm