Streetbeat News

Stock Prices

AMC

NVDA

OIG

SPLK

Several stocks experienced significant movement in Thursday's mid-day session. Notable gainers included Electriq Power Holdings, Bruush Oral Care, VinFast Auto, Nemaura Medical, TDCX, Guess?, ESGL Holdings, Backblaze, OSI Systems, The Glimpse Group, Build-A-Bear Workshop, Splunk, Pieris Pharmaceuticals, China SXT Pharmaceuticals, SharkNinja, Aviat Networks, Groupon, Esports Entertainment Group, Foot Locker, FOXO Technologies, Weibo Corporation, and NVIDIA Corporation. On the other hand, stocks that fell included Orbital Infrastructure Group, Societal CDMO, AMC Entertainment Holdings, Cheetah Net Supply Chain Service, AgileThought, Momentus, Lendway, Moxian, Mullen Automotive, Petco Health and Wellness Company, GRI Bio, BTC Digital, T2 Biosystems, LQR House, Spirit AeroSystems Holdings, Invitae Corporation, Unifi, Opera Limited, Kiora Pharmaceuticals, Graphex Group Limited, C3.ai, Fulcrum Therapeutics, Zuora, Dollar Tree, and Burlington Stores.

Portfolio Pulse from Lisa Levin

August 24, 2023 | 5:22 pm

TSLA

Tesla CEO Elon Musk has warned of manufacturing challenges for the company's long-delayed Cybertruck, stating that its design makes small flaws highly visible. Despite promoting the vehicle on social media, Tesla has not yet confirmed the final pricing or specs for the Cybertruck. In a recent financial disclosure, Tesla stated that Cybertruck production was not yet active and the company was still working on tooling. Shares of Tesla dipped slightly following Musk's comments.

Portfolio Pulse from Happy Mohamed

August 24, 2023 | 5:22 pm

CRWD

A significant bearish stance has been taken on CrowdStrike Holdings (NASDAQ:CRWD) by a large investor or institution, as indicated by unusual options activity. The sentiment among these big-money traders is 80% bearish and 20% bullish. The whales have been targeting a price range from $145.0 to $180.0 for CrowdStrike over the last 3 months. The current price of CRWD is down -3.89% at $147.83. Analysts from Canaccord Genuity, Morgan Stanley, UBS, and Guggenheim have maintained their positive ratings on the stock, with price targets ranging from $162 to $185.

Portfolio Pulse from Benzinga Insights

August 24, 2023 | 5:16 pm

INTU

A significant bullish stance has been taken on Intuit (NASDAQ:INTU) as evidenced by unusual options activity. The sentiment among big-money traders is split 50% bullish and 50% bearish. The targeted price range for Intuit over the last 3 months is from $480.0 to $520.0. Analysts from Jefferies, Barclays, Mizuho, BMO Capital, and Wells Fargo have maintained their positive ratings on Intuit with price targets ranging from $550 to $600.

Portfolio Pulse from Benzinga Insights

August 24, 2023 | 5:15 pm

UNG

USO

Energy commodities are experiencing a positive trading session with West Texas Intermediate (WTI) crude oil and natural gas seeing upticks of 0.8% and 3.5% respectively. The rise in crude oil prices is attributed to strategic expansion of the BRICS coalition and potential termination of commercial sanctions with Venezuela. Natural gas prices are rising due to a lower than expected increase in inventories.

Portfolio Pulse from Piero Cingari

August 24, 2023 | 5:12 pm

MO

Altria Group, Inc. (MO) has announced an increase in its quarterly dividend from $0.94 to $0.98 per share.

Portfolio Pulse from Happy Mohamed

August 24, 2023 | 5:11 pm

SPLK

Shares of Splunk Inc (NASDAQ:SPLK) surged after the company reported better than expected fiscal second-quarter results. Analysts from Mizuho Securities, Wedbush, BMO Capital Markets, and Oppenheimer provided their takeaways from the earnings release. While all analysts maintained their ratings, they raised their price targets citing strong annual recurring revenue (ARR) growth, improved operating margins, and raised F2H margin and FCF guidance. However, cloud revenue/ARR was below expectations.

Portfolio Pulse from Priya Nigam

August 24, 2023 | 5:06 pm

GE

A significant bearish stance has been taken on General Electric (NYSE:GE) as indicated by unusual options activity. The sentiment among big-money traders is split between 44% bullish and 55% bearish. The majority of the options uncovered are puts, with a total amount of $1,146,698, and there was 1 call, for a total amount of $32,625. Whales have been targeting a price range from $90.0 to $120.0 for General Electric over the last 3 months.

Portfolio Pulse from Benzinga Insights

August 24, 2023 | 5:01 pm

SPOT

A significant bearish stance has been taken on Spotify Technology (NYSE:SPOT) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is 40% bullish and 60% bearish. The price range targeted by these investors for Spotify over the last 3 months is $135.0 to $165.0. Barclays maintains an Overweight rating on Spotify with a price target of $182, while Deutsche Bank upgraded its action to Buy with a price target of $180. However, Credit Suisse and Morgan Stanley have downgraded their actions to Neutral and Overweight respectively, with price targets of $120 and $185.

Portfolio Pulse from Benzinga Insights

August 24, 2023 | 5:01 pm

FCX

A significant investor has taken a bearish stance on Freeport-McMoRan (NYSE:FCX), with 66% of the spotted trades being bearish. The whales have been targeting a price range from $25.0 to $43.0 for Freeport-McMoRan over the last 3 months. The price of FCX is currently down -1.44% at $38.7.

Portfolio Pulse from Benzinga Insights

August 24, 2023 | 5:01 pm