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Stock Prices

RIVN

Rivian Automotive, Inc. (NASDAQ:RIVN) shares are trading lower, with a nearly 20% decline since the company reported its Q2 financial results in early August. Despite beating analyst consensus estimates for both losses per share and sales, the stock has been under pressure. Recent price cuts in the EV industry have also put pressure on Rivian to follow suit.

Portfolio Pulse from Ryan Gustafson

August 22, 2023 | 7:34 pm

SPY

The market on close imbalance is leaning towards the sell-side with $604 million. This could potentially impact the SPY ETF.

Portfolio Pulse from Happy Mohamed

August 22, 2023 | 7:32 pm

MET

MetLife's (NYSE:MET) short percent of float has fallen 6.92% since its last report, with 9.31 million shares sold short, which is 1.48% of all regular shares available for trading. This decrease in short interest could signal a more bullish market sentiment towards MetLife. Compared to its peers, MetLife has less short interest as a percentage of float, with an average of 2.42%.

Portfolio Pulse from Benzinga Insights

August 22, 2023 | 7:30 pm

CEG

Constellation Energy's (NYSE:CEG) short percent of float has fallen 6.43% since its last report, with 6.60 million shares sold short, which is 2.33% of all regular shares available for trading. This decrease in short interest could signal a more bullish market sentiment towards the stock. However, Constellation Energy's short interest as a percentage of float is higher than its peer group average of 2.08%.

Portfolio Pulse from Benzinga Insights

August 22, 2023 | 7:30 pm

MS

Morgan Stanley's short percent of float has risen 12.5% since its last report, with 18.34 million shares sold short, which is 1.44% of all regular shares available for trading. This does not necessarily mean the stock will fall in the near-term, but indicates more shares are being shorted. Compared to its peers, Morgan Stanley has less short interest as a percentage of float, with the average being 3.78%.

Portfolio Pulse from Benzinga Insights

August 22, 2023 | 7:30 pm

PVH

Telsey Advisory Group analyst Dana Telsey has reiterated an Outperform rating on PVH Corp with a price target of $102. PVH is expected to report its Q2 results on August 29. The company is expected to maintain its annual outlook with revenues growing 3%-4%. Gross margin is expected to increase over 100 basis points Y/Y, and the operating margin outlook is maintained at ~10%. The company's performance shows evidence of the success of its PVH+ strategy, according to the analyst.

Portfolio Pulse from Shivani Kumaresan

August 22, 2023 | 7:28 pm

NNAGU

99 Acquisition Group Inc. has closed its initial public offering of 7.5 million units at $10 per unit, raising $75 million. The units, trading under the ticker symbol 'NNAGU' on Nasdaq, consist of one Class A ordinary share, one redeemable warrant, and one right to receive 1/5 of a Class A ordinary share upon an initial business combination. The company plans to use the proceeds for its initial business combination.

Portfolio Pulse from Happy Mohamed

August 22, 2023 | 7:17 pm

DXCM

A significant bearish stance has been taken on DexCom (NASDAQ:DXCM) by a large investor or institution, as indicated by unusual options trading activity. The sentiment among these big-money traders is 15% bullish and 84% bearish. The whales have been targeting a price range from $75.0 to $120.0 for DexCom over the last 3 months. Despite this, several financial institutions have maintained positive ratings on DexCom, with price targets ranging from $130 to $160.

Portfolio Pulse from Benzinga Insights

August 22, 2023 | 7:16 pm

LULU

A significant amount of unusual options activity has been observed for Lululemon Athletica (NASDAQ:LULU), with a majority of investors taking a bearish stance. Whales have been targeting a price range from $360.0 to $430.0 for Lululemon over the last 3 months. The current price of LULU is down -1.51% at $379.1. Keybanc has maintained their Overweight rating on Lululemon Athletica, with a price target of $425.

Portfolio Pulse from Benzinga Insights

August 22, 2023 | 7:16 pm

EIX

Mizuho Securities analyst Anthony Crowdell has upgraded Edison International (NYSE:EIX) to 'Buy' from 'Neutral' with an increased price target of $75 from $73. The upgrade is based on the company's ability to deliver the EPS CAGR target of 5%-7% and the extension of the EPS growth rate projection through 2028. The analyst also raised EPS estimates for FY24 and FY25.

Portfolio Pulse from Lekha Gupta

August 22, 2023 | 7:11 pm