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Stock Prices

XRPUSD

XRP's price has decreased by 3.92% over the past 24 hours to $0.52, continuing its downward trend over the past week of -18.0%. The trading volume for the coin has increased 31.0% over the past week while the overall circulating supply of the coin has increased 0.06% to over 52.84 billion. The current market cap ranking for XRP is #5 at $27.41 billion.

Portfolio Pulse from Benzinga Insights

August 21, 2023 | 7:00 pm

NVAX

Novavax, Inc. (NASDAQ:NVAX) shares are trading higher amid a new COVID wave and rising hospitalizations. The EG.5 variant is now the dominant strain in the U.S., and a new highly mutated strain known as BA.2.86 is being monitored. COVID tests and expected fall 2023 boosters appear to work for the new variants, but this could change if one of the strains becomes more widespread.

Portfolio Pulse from Ryan Gustafson

August 21, 2023 | 7:00 pm

EL

Morgan Stanley analyst Dara Mohsenian has reiterated an Overweight rating on Estee Lauder Companies Inc (NYSE:EL) but lowered the price target from $243 to $200. The cut is due to weaker than expected FY24 EPS guidance and inventory issues in Hainan. The analyst expects a robust recovery as Hainan issues dissipate and believes EL is now trying to guide conservatively.

Portfolio Pulse from Shivani Kumaresan

August 21, 2023 | 6:57 pm

BABA

JD

KWEB

Chinese stocks have been hit hard due to concerns about China's economic growth and surprise rate cuts. China's central bank reduced the lending rate for its 1-year bonds but kept the 5-year bond interest rates steady. Analyst Adam Button sees similarities between China's economic situation and the U.S. crisis of 2008. The uncertainty has led to a sharp decline in a number of Chinese stocks like Alibaba Group (NYSE:BABA), JD.Com Inc (NASDAQ:JD), which are among the holdings in the KraneShares CSI China Internet ETF (NYSE:KWEB).

Portfolio Pulse from Aaron Bry

August 21, 2023 | 6:56 pm

MRNA

NKLA

NSSC

PANW

SLGG

TMBR

US stocks traded mixed with the Nasdaq Composite gaining around 1.5%. Palo Alto Networks (PANW) reported better-than-expected Q4 earnings and issued a strong billings outlook, causing its shares to rise by 15%. Timber Pharmaceuticals (TMBR) shares shot up 99% as it agreed to be acquired by LEO US Holding. Moderna (MRNA) shares were up 10% as preliminary clinical trial data confirmed its updated COVID-19 vaccine showed a significant boost in neutralizing antibodies. Super League Gaming (SLGG), Napco Security Technologies (NSSC), and Nikola Corporation (NKLA) shares fell by 47%, 47%, and 21% respectively.

Portfolio Pulse from Lisa Levin

August 21, 2023 | 6:51 pm

BMY

A significant investor has taken a bearish stance on Bristol-Myers Squibb (NYSE:BMY), with 53% of recent trades being bearish. The total amount for puts was $173,984 and for calls was $357,732. The targeted price range for the last 3 months has been $52.5 to $62.5. The current price of BMY is $62.02, down 0.07%. Analysts from Wells Fargo, Atlantic Equities, B of A Securities, Barclays, and BMO Capital have maintained their ratings on BMY, with price targets ranging from $62 to $85.

Portfolio Pulse from Benzinga Insights

August 21, 2023 | 6:46 pm

TSM

A significant bullish stance has been taken on Taiwan Semiconductor (NYSE:TSM) as evidenced by unusual options activity. The overall sentiment of these big-money traders is split between 61% bullish and 38% bearish. The whales have been targeting a price range from $80.0 to $97.0 for Taiwan Semiconductor over the last 3 months.

Portfolio Pulse from Benzinga Insights

August 21, 2023 | 6:45 pm

SDGR

Schrodinger shares are trading higher without any company-specific news.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2023 | 6:41 pm

BBY

Telsey Advisory Group analyst Joseph Feldman reiterated a Market Perform rating on Best Buy Co., Inc. (NYSE:BBY) with a price target of $78. Feldman expects Best Buy's Q2 revenues to decline due to challenging macro trends. However, he believes the company will offset these challenges with solid execution and initiatives, including the new My Best Buy membership program. BBY shares are currently trading higher by 0.17% to $78.72.

Portfolio Pulse from Nabaparna Bhattacharya

August 21, 2023 | 6:40 pm

MRNA

PANW

SLGG

The article lists the stocks that gained and lost the most in Monday's mid-day session. Among the gainers were China SXT Pharmaceuticals, Timber Pharmaceuticals, and MediaCo Holding, while the losers included AgileThought, Napco Security Technologies, and Super League Gaming. The article also mentions that Palo Alto Networks rose after reporting better-than-expected Q4 earnings and a strong billings outlook, and that Moderna rose after announcing that preliminary clinical trial data confirmed its updated COVID-19 vaccine showed a significant boost in neutralizing antibodies against certain variants.

Portfolio Pulse from Lisa Levin

August 21, 2023 | 6:36 pm