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ISRG

Intuitive Surgical's (NYSE:ISRG) short percent of float has fallen 3.33% since its last report, with 3.04 million shares sold short, which is 0.87% of all regular shares available for trading. This decrease in short interest could indicate a more bullish market sentiment towards the company. Compared to its peers, Intuitive Surgical has less short interest.

Portfolio Pulse from Benzinga Insights

August 22, 2023 | 8:45 pm

REGN

Regeneron Pharmaceuticals Inc has been awarded a government contract valued at up to $326 million by the Biomedical Advanced Research and Development Authority (BARDA) for the development of new vaccines and therapeutics against COVID-19. The U.S. Department of Health and Human Services (HHS) will fund up to 70% of Regeneron's costs. This falls under Regeneron and BARDA's ongoing agreement from 2017 to develop a portfolio of antibodies targeting up to 10 pathogens that pose a significant public health risk.

Portfolio Pulse from Adam Eckert

August 22, 2023 | 8:43 pm

BABA

Ant Group, the fintech affiliate of Alibaba Group Holding Limited (NYSE:BABA), is planning to restructure its operations, which could impact its international stakeholders. The company plans to make OceanBase, its database management system, an independent entity and repurchase shares held by foreign investors. This move could be a setback for investors like General Atlantic and the Carlyle Group.

Portfolio Pulse from Anusuya Lahiri

August 22, 2023 | 8:39 pm

ARAV

Aravive Inc (ARAV) has terminated Phase 1b/P2 trials of batiraxcept due to cash preservation. The company's Phase 3 AXLerate-OC trial did not meet its primary endpoint, leading to a downgrade of ARAV stock by Cantor Fitzgerald and William Blair. The company is exploring strategic alternatives and may cease operations if it fails to raise capital or engage a strategic partner. ARAV shares closed 23.60% lower at $0.16 on Tuesday.

Portfolio Pulse from Vandana Singh

August 22, 2023 | 8:35 pm

FL

NKE

XLY

Nike Inc. (NYSE:NKE) is facing its longest losing streak since December 1980, with shares falling for the ninth consecutive session. Concerns about demand in China and rising inventories are contributing to the slump, which has wiped out $14 billion of market cap in the last two weeks. Nike's year-to-date decline of 14% contrasts with the 29% gain of the Consumer Discretionary Select Sector SPDR Fund (NYSE:XLY). Wall Street analysts have lowered their one-year average price target for Nike from $137 to $129. Foot Locker Inc. (NYSE:FL), which sources 65% of its athletic merchandise from Nike, is also being closely watched.

Portfolio Pulse from Piero Cingari

August 22, 2023 | 8:34 pm

USO

The American Petroleum Institute (API) reported a weekly crude oil stock draw of 2.418 million barrels, which is less than the estimated draw of 2.9 million barrels.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2023 | 8:33 pm

V

Unusual options activity has been observed for Visa (NYSE:V), with a bearish stance taken by a large investor. The sentiment among these big-money traders is 30% bullish and 70% bearish. The targeted price range for Visa over the last 3 months is from $100.0 to $240.0. Several financial institutions have maintained their positive ratings on Visa, with price targets ranging from $275 to $290.

Portfolio Pulse from Benzinga Insights

August 22, 2023 | 8:31 pm

DIS

A significant amount of unusual options activity has been observed for Walt Disney (NYSE:DIS), with 50% of investors showing bullish expectations and 50% bearish. The total amount for puts is $2,029,332 and for calls is $806,592. Whales have been targeting a price range from $65.0 to $125.0 for Walt Disney over the last 3 months. Several financial institutions have maintained positive ratings on Walt Disney, with price targets ranging from $102 to $146.

Portfolio Pulse from Benzinga Insights

August 22, 2023 | 8:30 pm

DRVN

Driven Brands Holdings Inc. (DRVN) has announced a $50 million share repurchase authorization. This move indicates the company's confidence in its own stock and could potentially increase the stock's price by reducing the number of shares available in the market.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2023 | 8:30 pm

URBN

Urban Outfitters reported a Q2 earnings beat and a decline in inventories, leading to a rise in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2023 | 8:27 pm