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Stock Prices

MRNA

A whale investor has taken a bearish stance on Moderna (NASDAQ:MRNA), with 66% of the spotted trades being bearish. The trades include 3 puts amounting to $167,472 and 12 calls amounting to $761,200. The whales have been targeting a price range from $90.0 to $135.0 for Moderna over the last 3 months. The price of MRNA is currently up 3.82% at $115.32, and RSI indicators suggest that the stock may be approaching overbought.

Portfolio Pulse from Benzinga Insights

August 22, 2023 | 3:30 pm

SCSC

ScanSource, Inc. reported Q4 revenues of $947.15 million, down 1.6% Y/Y but beating the street view of $897.20 million. Non-GAAP EPS of $0.76 also beat the consensus of $0.75. The company plans to optimize its working capital to meet margin expectations and market demand. For FY24, ScanSource expects GAAP operating income to be at least $134 million and Adjusted EBITDA to be at least $180 million, with net sales growth of at least 3%.

Portfolio Pulse from Nabaparna Bhattacharya

August 22, 2023 | 3:28 pm

MSGE

SPHR

Madison Square Garden Entertainment Corp (MSGE) reported upbeat earnings but disappointing sales for its fiscal fourth quarter. BofA Securities analyst Peter Henderson initiated coverage of MSGE with a Buy rating and a price target of $41, predicting a 30% upside to the stock. Henderson believes MSGE can achieve its goals of improving venue utilization, driving more premium hospitality, and increasing sponsorship by monetizing new verticals including insurance.

Portfolio Pulse from Priya Nigam

August 22, 2023 | 3:26 pm

META

Meta Platforms Inc's stock has seen a significant 11% decline since its peak in July, despite a 136% increase this year. The stock showed resilience by rebounding from a low of $274, starting the week with a 2.35% rise. The company's Threads platform, a competitor to Twitter, initially attracted 100 million users but has since seen over half of these users lose interest. Meta is planning to revitalize Threads with a web-based version and improved search capabilities.

Portfolio Pulse from Zaheer Anwari

August 22, 2023 | 3:20 pm

BASFY

LNG

Cheniere Energy Inc's subsidiary, Cheniere Marketing, has signed a long-term liquefied natural gas (LNG) sale and purchase agreement with BASF SE. BASF will purchase up to 0.8 million tonnes per annum of LNG from Cheniere Marketing, with deliveries starting in mid-2026. The agreement will last until 2043. Cheniere Energy's shares are currently trading higher by 1.84%.

Portfolio Pulse from Lekha Gupta

August 22, 2023 | 3:19 pm

JD

JD.com (NASDAQ:JD) has seen unusual options activity, with a significant number of investors taking a bullish stance. Of the 17 strange trades detected, 64% were bullish and 35% bearish. The majority of trades were puts, totaling $1,128,096, with calls totaling $131,109. Whales have been targeting a price range of $27.5 to $50.0 for JD.com over the last 3 months. The current price of JD is $33.09, down 0.39%. Analysts from Mizuho, JP Morgan, Citigroup, and B of A Securities have maintained their ratings on JD.com, with price targets ranging from $40 to $64.

Portfolio Pulse from Benzinga Insights

August 22, 2023 | 3:15 pm

LSEA

Landsea Homes Corp (NASDAQ:LSEA) has priced its underwritten secondary offering by Green Investment Alpha Ltd. at $9.75 per share, a 6% discount to the company’s closing price on Aug. 21, 2023. The company will also repurchase 800,000 of the initial number of shares sold at the public per share offering price, funded by cash on hand. The offering is expected to close on Aug. 24, 2023.

Portfolio Pulse from Shivani Kumaresan

August 22, 2023 | 3:09 pm

CMA

DKS

KEY

LOW

M

NVDA

The stock market is experiencing positive sentiment due to several factors, including aggressive investor buying of NVIDIA Corp (NASDAQ:NVDA) ahead of earnings release, Wall Street positioning for another leg up in the artificial intelligence frenzy rally, and a 2% rise in Hong Kong stocks likely caused by the Chinese Plunge Protection Team (PPT) buying stocks. However, S&P has cut the credit ratings of several U.S. banks including Keycorp (NYSE:KEY) and Comerica Incorporated (NYSE:CMA). Macy’s Inc (NYSE: M), DICK'S Sporting Goods Inc (NYSE:DKS), and Lowe's Companies Inc (NYSE:LOW) have also released their earnings.

Portfolio Pulse from The Arora Report

August 22, 2023 | 3:09 pm

FULC

Fulcrum Therapeutics Inc's (NASDAQ:FULC) stock surged after the FDA lifted the clinical hold on the Investigational New Drug (IND) application for FTX-6058, a potential treatment for sickle-cell disease. The FDA had previously placed the IND on clinical hold due to concerns over hematological malignancies observed with other inhibitors of polycomb repressive complex 2. Fulcrum's shares are up 52% at $5.96.

Portfolio Pulse from Vandana Singh

August 22, 2023 | 3:05 pm

VNET

VNET Gr (NASDAQ:VNET) is set to release its latest quarterly earnings report on August 23, 2023. Analysts estimate an earnings per share (EPS) of $-0.05. The company's past performance shows a trend of share price drops following earnings reports, even when beating estimates. The stock is currently trading at $3.14, down 38.33% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

August 22, 2023 | 3:01 pm