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ATVI

MSFT

Microsoft Corporation's stock gapped up over 1% after announcing a revision in its deal to buy Activision Blizzard, negating its current downtrend. However, the stock sold off from its high-of-day intraday. For a new uptrend to confirm, Microsoft will need to form a higher high over the coming days. If Microsoft continues to trend lower, Tuesday’s reversal could serve as a bear trap and the steep downtrend could continue, increasing volatility in the stock market due to Microsoft’s heavy weighting within the S&P 500.

Portfolio Pulse from Melanie Schaffer

August 22, 2023 | 4:20 pm

BNTX

BioNTech shares are experiencing an increase in value due to a new wave of COVID-19 and a rise in hospitalizations.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2023 | 4:18 pm

MEDS

Trxade Health Inc (NASDAQ:MEDS) shares are trading higher after the company announced that Superlatus, the food technology and distribution company it recently merged with, agreed to acquire The Urgent Company and its portfolio of brands. The brands are sold in over 6,000 stores including Whole Foods, Kroger, Costco and Thrive Market. The deal is expected to strengthen Superlatus' position in the sustainable food products space.

Portfolio Pulse from Adam Eckert

August 22, 2023 | 4:16 pm

NUE

Nucor's (NYSE:NUE) short percent of float has fallen 4.12% since its last report, with 5.30 million shares sold short, which is 2.79% of all regular shares available for trading. This decrease in short interest could indicate a more bullish market sentiment towards Nucor. Compared to its peers, Nucor has less short interest as a percentage of float, with an average of 3.74%.

Portfolio Pulse from Benzinga Insights

August 22, 2023 | 4:15 pm

MAR

Marriott Intl's (NYSE:MAR) short percent of float has decreased by 5.88% since its last report, with 5.43 million shares sold short, representing 2.4% of all regular shares available for trading. This decrease in short interest could indicate a more bullish market sentiment towards the stock. Compared to its peers, Marriott has less short interest, with the average for its peer group being 7.11%.

Portfolio Pulse from Benzinga Insights

August 22, 2023 | 4:15 pm

ABBV

AbbVie's (NYSE:ABBV) short percent of float has risen 20.37% since its last report, with 11.44 million shares sold short, which is 0.65% of all regular shares available for trading. An increase in short interest can indicate a bearish market sentiment. However, compared to its peers, AbbVie has less short interest as a percentage of float, which is 3.24% on average.

Portfolio Pulse from Benzinga Insights

August 22, 2023 | 4:15 pm

FOX

FOXA

RUM

A recent poll shows former President Donald Trump's lead among Republican voters has grown ahead of the 2024 election, despite facing four indictments. The poll by Morning Consult shows Trump with a 44-point lead. Meanwhile, support for Florida Governor Ron DeSantis has dropped. The first Republican primary debate will be shown on Fox News, a unit of Fox Corporation (NASDAQ:FOX)(NASDAQ:FOXA), and livestreamed on Rumble Inc (NASDAQ:RUM). Trump has announced he will not participate in the first debate.

Portfolio Pulse from Chris Katje

August 22, 2023 | 4:13 pm

MEDS

TRxADE HEALTH's shares are trading higher following the acquisition of The Urgent Company by Superlatus, which recently merged with TRxADE HEALTH.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2023 | 4:13 pm

ANET

Josh Brown, a renowned investor, has purchased shares in Arista Networks, as reported by CNBC.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2023 | 4:10 pm

LCID

TSLA

Lucid Group, Inc. (NASDAQ:LCID) shares are trading lower, down by 3% in the session and nearly 12% over the last 30 days. The downward trend is attributed to disappointing Q2 financial results and pressure from industry leader Tesla, Inc. (NASDAQ:TSLA) which has cut its EV prices multiple times this year.

Portfolio Pulse from Erica Kollmann

August 22, 2023 | 4:08 pm