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Stock Prices

SPKY

UVXY

The ConvexityShares Daily 1.5x SPIKES Futures ETF (SPKY) spiked up almost 1% higher on Tuesday, possibly confirming a new uptrend. The move was in tandem with an upward swing in the S&P 500 VIX Short-Term Futures Index (VIX), which was moving inversely to the S&P 500 ahead of Nvidia Corporation’s earnings print and the Jackson Hole Symposium. SPKY is a 1.5x leveraged fund, similar to ProShares Ultra VIX Short Term Futures ETF (UVXY), which tracks the movement of the VIX.

Portfolio Pulse from Melanie Schaffer

August 22, 2023 | 5:43 pm

ABL

BHFAN

EHTH

SLQT

TIRX

During Tuesday's intraday session, several insurance stocks experienced significant movements. Gainers included Brighthouse Finl (BHFAN, BHFAM), Abacus Life (ABL), Hallmark Financial Servs (HALL), Investors Title (ITIC), and Bright Health Gr (BHG). Losers included Tian Ruixiang Holdings (TIRX), SelectQuote (SLQT), Marpai (MRAI), Huize Holding (HUIZ), Conifer Holdings (CNFR), and eHealth (EHTH).

Portfolio Pulse from Benzinga Insights

August 22, 2023 | 5:40 pm

NVDA

SFTBF

SFTBY

British chip designer Arm Ltd, backed by SoftBank Group Corp, has filed for an IPO with valuations estimated between $60 billion and $70 billion. This comes amidst a year of reduced IPOs and after a failed deal to sell the company to Nvidia Corporation due to antitrust concerns. Despite a marginal decrease in revenue and net income for the fiscal year ending this March, Arm's overall profitability and market standing remain strong. The IPO could potentially signal a resurgence in the IPO market, but experts urge caution due to Arm's unique position in the market.

Portfolio Pulse from AJ Fabino

August 22, 2023 | 5:40 pm

CCL

Carnival Corporation (CCL) has seen a significant option alert with Friday $16 calls sweep near the ask, with 1719 contracts at $0.15 versus an open interest of 3562. The company is expected to release its earnings on 9/19 before the market opens.

Portfolio Pulse from Charles Gross

August 22, 2023 | 5:39 pm

AIG

BAC

COIN

JPM

SCHW

SOFI

TFC

TROW

VLY

Benzinga's options activity scanner has identified significant options activity in 10 financial stocks. Bullish put options were observed for VLY, SOFI, BAC, and C, while bearish call options were noted for JPM, AIG, and SCHW. Bearish put options were seen for COIN, TFC, and TROW.

Portfolio Pulse from Benzinga Insights

August 22, 2023 | 5:35 pm

AAPL

AMD

COHR

CSCO

GLOB

MDB

MSFT

NTNX

NVDA

PANW

The article reports on the recent options activity in the Information Technology sector. It highlights the trades of 10 companies: AAPL, NVDA, MSFT, CSCO, PANW, GLOB, AMD, NTNX, COHR, and MDB. The sentiment of the trades varies from bullish to bearish and neutral.

Portfolio Pulse from Benzinga Insights

August 22, 2023 | 5:35 pm

BABA

A significant amount of unusual options activity has been detected for Alibaba Group Holding (NYSE:BABA), with a majority of investors taking a bearish stance. Whales have been targeting a price range from $15.0 to $130.0 for Alibaba over the last 3 months. The current price of BABA is down -0.75% at $87.91. Several financial institutions have maintained or upgraded their ratings on Alibaba, with price targets ranging from $120 to $180.

Portfolio Pulse from Benzinga Insights

August 22, 2023 | 5:31 pm

AULT

BWEN

CEAD

DFLI

EFSH

GWAV

GWH

LASE

MTRX

OIG

SOS

ULBI

During Tuesday's intraday session, several industrial stocks experienced significant movements. Ultralife, Matrix Service, Laser Photonics, ESS Tech, 1847 Holdings, and Broadwind saw their shares rise by 22.4%, 19.56%, 16.34%, 15.61%, 15.38%, and 13.11% respectively. On the other hand, SOS, Orbital Infr Gr, Dragonfly Energy Hldgs, Ault Alliance, Greenwave Tech Solns, and CEA Industries saw their shares fall by 32.6%, 16.93%, 16.92%, 12.25%, 10.55%, and 10.25% respectively.

Portfolio Pulse from Benzinga Insights

August 22, 2023 | 5:31 pm

AGIL

HKD

HKIT

MIGI

TIO

During Tuesday's intraday session, several information technology stocks experienced significant movements. Gainers included AMTD Digital (HKD), Hitek Global (HKIT), Fabrinet (FN), Cemtrex (CETXP), Mercurity Fintech Holding (MFH), and NAPCO Security Techs (NSSC). Losers included AgileThought (AGIL), Tingo Group (TIO), Mawson Infra Gr (MIGI), Rubicon Technologies (RBT), Oblong (OBLG), and Movella Holdings (MVLA).

Portfolio Pulse from Benzinga Insights

August 22, 2023 | 5:31 pm

SPGI

S&P Global (NYSE:SPGI) has outperformed the market over the past 10 years by 10.34% on an annualized basis, producing an average annual return of 20.7%. If an investor had bought $100 of SPGI stock 10 years ago, it would be worth $637.66 today.

Portfolio Pulse from Benzinga Insights

August 22, 2023 | 5:30 pm