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WMS

KeyBanc Capital Markets analyst Jeffrey D. Hammond has reiterated an Overweight rating on Advanced Drainage Systems, Inc. (NYSE:WMS), raising the price target to $160 from $150. Hammond believes that Advanced Drainage's price/cost will benefit from sustained tailwinds from relaxing supply chain friction costs. He also sees an upside beyond the current guidance range, supported by the continued rise in concrete prices and falling resin pricing. For FY24, Hammond expects the company's revenues to be $2.70 billion, with $815.1 million EBITDA.

Portfolio Pulse from Nabaparna Bhattacharya

August 21, 2023 | 5:45 pm

TGT

Target's (NYSE:TGT) short percent of float has fallen 4.27% since its last report, with 9.29 million shares sold short, which is 2.02% of all regular shares available for trading. It would take traders 2.21 days to cover their short positions on average. Target's short interest is less than its peer group average of 3.18%.

Portfolio Pulse from Benzinga Insights

August 21, 2023 | 5:45 pm

AMGN

Amgen's (NYSE:AMGN) short percent of float has fallen 8.96% since its last report, with 6.51 million shares sold short, which is 1.22% of all regular shares available for trading. This decrease in short interest could signal a more bullish market sentiment towards Amgen. Compared to its peers, Amgen has less short interest as a percentage of float, with an average of 3.21%.

Portfolio Pulse from Benzinga Insights

August 21, 2023 | 5:45 pm

WDAY

Workday's (NYSE:WDAY) short percent of float has risen 5.83% since its last report, with 4.45 million shares sold short, which is 2.18% of all regular shares available for trading. It would take traders 2.23 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. Workday's peer group average for short interest as a percentage of float is 3.16%, which means the company has less short interest than most of its peers.

Portfolio Pulse from Benzinga Insights

August 21, 2023 | 5:45 pm

NVAX

Novavax shares are experiencing an upward trend due to a new wave of COVID-19 and increasing hospitalizations.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2023 | 5:44 pm

APPF

Stephens & Co. analyst John Campbell upgraded AppFolio Inc (NASDAQ:APPF) to Overweight from Equal-Weight and increased the price target to $212 from $184. The analyst is optimistic about the company's leadership change and recent actions to boost margin. He also revised FY23 estimates for revenue and adjusted EPS upwards. APPF shares are up 11.15% at $185.57.

Portfolio Pulse from Lekha Gupta

August 21, 2023 | 5:44 pm

BHG

GOCO

TIRX

TRUP

During Monday's intraday session, several insurance stocks experienced significant movement. Tian Ruixiang Holdings (TIRX), Trupanion (TRUP), Kingsway Financial Servs (KFS), FG Finl Gr (FGFPP), Kemper (KMPR), and SelectQuote (SLQT) saw gains, while GoHealth (GOCO), Bright Health Gr (BHG), Oxbridge Re Holdings (OXBR), F&G Annuities & Life (FG), Ambac Financial Group (AMBC), and Hippo Holdings (HIPO) experienced losses.

Portfolio Pulse from Benzinga Insights

August 21, 2023 | 5:40 pm

ARRY

CAT

ENVX

ETN

GSL

NKLA

RTX

UAL

URI

Benzinga's options activity scanner has identified unusual trading activity in 10 industrial stocks. The stocks include Nikola Corporation (NKLA), United Airlines Holdings Inc (UAL), Array Technologies Inc (ARRY), Eaton Corporation PLC (ETN), Enovix Corporation (ENVX), Caterpillar Inc. (CAT), General Electric Company (GE), United Rentals, Inc. (URI), Raytheon Technologies Corporation (RTX), and Global Ship Lease, Inc. (GSL). The article provides detailed information about the options activity, including the type of trade, sentiment, expiration date, strike price, total trade price, open interest, and volume.

Portfolio Pulse from Benzinga Insights

August 21, 2023 | 5:35 pm

ABNB

CROX

CVNA

DHI

FIVE

LAD

TPR

TSCO

TSLA

Benzinga's options activity scanner has identified significant trading activity in 10 consumer discretionary stocks. The stocks include Tesla (TSLA), Carvana (CVNA), Ford (F), Crocs (CROX), Tractor Supply Company (TSCO), Tapestry (TPR), Lithia Motors (LAD), D.R. Horton (DHI), Five Below (FIVE), and Airbnb (ABNB). The activity includes both bullish and bearish sentiments, with varying expiration dates and strike prices.

Portfolio Pulse from Benzinga Insights

August 21, 2023 | 5:35 pm

AAOI

AAPL

AMD

ENPH

INTC

MRVL

MSFT

NVDA

PANW

The article reports on significant options activity in the Information Technology sector. Ten companies are highlighted: AAPL, AMD, NVDA, MU, AAOI, PANW, MRVL, MSFT, ENPH, and INTC. The options activity is a mix of bullish and bearish sentiments, with the majority being bullish. The article provides detailed information about the options, including the type of trade, sentiment, expiration date, strike price, total trade price, open interest, and volume.

Portfolio Pulse from Benzinga Insights

August 21, 2023 | 5:35 pm