Streetbeat News

Stock Prices

PANW

SLGG

SXTC

Several stocks have seen significant movement in pre-market trading. Notably, Palo Alto Networks, Inc. (NASDAQ:PANW) shares rose by 12.3% following better-than-expected Q4 earnings and a strong billings outlook. Other gainers include China SXT Pharmaceuticals, Inc. (NASDAQ:SXTC), Tian Ruixiang Holdings Ltd (NASDAQ:TIRX), and Adial Pharmaceuticals, Inc. (NASDAQ:ADIL). On the other hand, Super League Gaming, Inc. (NASDAQ:SLGG) and Napco Security Technologies, Inc. (NASDAQ:NSSC) shares fell significantly.

Portfolio Pulse from Lisa Levin

August 21, 2023 | 12:32 pm

RDW

Commercial space company Sierra Space has formed a strategic partnership with Redwire Corporation (NYSE:RDW) to collaborate on commercial pharmaceutical and biotech research and developments (R&D) and manufacturing in low-Earth orbit (LEO). Redwire's technologies will be integrated into Sierra Space's habitat platform, enabling breakthroughs for pharmaceutical drug development and human health research. Hardware development is underway with deliveries expected to begin in Q4 2023. Redwire's shares are trading higher by 3.13% at $3.30 in premarket Monday.

Portfolio Pulse from Shivani Kumaresan

August 21, 2023 | 12:32 pm

AAPL

AMD

AMZN

DXYN

GOOGL

MRNA

NFLX

NVDA

QQQ

SPY

TSLA

Mando Trading provides an analysis of several stocks and ETFs for the upcoming week. The analysis includes SPY, QQQ, DXYN, AAPL, TSLA, GOOGL, AMZN, MRNA, NVDA, NFLX, and AMD. The analysis suggests potential bearish trends for TSLA, NFLX, and AMD, while AAPL, AMZN, and NVDA may see a bounce. The dollar's next move will influence decisions on the indices.

Portfolio Pulse from Mando Trading

August 21, 2023 | 12:32 pm

DELL

GPN

META

QCOM

Insiders at Meta Platforms, Dell Technologies, Global Payments, and Qualcomm have recently sold significant amounts of shares. This could indicate concerns about the companies' prospects or that the insiders view the stocks as overpriced. However, insider sales should not be the sole indicator for investment decisions. Meta is launching a web version of its Threads app, Dell is ramping up its AI server builds, Global Payments reported strong Q2 earnings and raised its FY23 guidance, and Qualcomm is required to secure EU antitrust consent for its acquisition of Autotalks.

Portfolio Pulse from Lisa Levin

August 21, 2023 | 12:31 pm

AMZN

FDX

UPS

Amazon has reactivated its external shipping service, Amazon Shipping, to compete with FedEx and UPS. The service is available to vendors on Amazon's platform across the contiguous U.S. Amazon has also committed to delivering packages in less than a day by 2023. The company has been reducing its dependency on third-party carriers like UPS and FedEx by expanding its logistics network. Amazon's shares traded higher by 0.90% in the premarket.

Portfolio Pulse from Anusuya Lahiri

August 21, 2023 | 12:31 pm

SKYE

Skye Bioscience has raised $17 million in new capital and acquired Bird Rock Bio Inc. The funding was led by 5AM Ventures, Versant Ventures and another investor. Skye issued 581.4 million shares of its common stock at a price of approximately $0.021 per share and 557.2 million common shares to the existing preferred shareholders of Bird Rock. Skye also issued a short-term convertible note with a principal amount of $5 million. The company also plans a 1:250 reverse stock split and aims to uplist to a national stock exchange.

Portfolio Pulse from Vuk Zdinjak

August 21, 2023 | 12:29 pm

NIO

Chinese electric vehicle manufacturer, Nio Inc, is increasing the production of its ES6 model after a five-day pause. The company's factory in Hefei, Anhui province, is now producing at least 300 ES6 vehicles daily, with some workshops transitioning to double-shift production schedules. This increase in production is in response to a temporary production line halt at Nio’s F1 plant from July 29 to Aug. 2, aimed at upgrading the manufacturing process. Despite the disruptions, Nio delivered a record-breaking 20,462 vehicles in July.

Portfolio Pulse from Ramakrishnan M

August 21, 2023 | 12:28 pm

KRYS

NKLA

XPEV

Bank of America Securities upgraded XPeng (XPEV) to Buy and raised its price target to $22, causing a 6.5% increase in the stock. Nikola (NKLA) announced a $325M debt offering, leading to a 13% decrease in its stock. Krystal Biotech (KRYS) sold a Priority Review Voucher for $100 million, resulting in a 4.7% increase in its stock.

Portfolio Pulse from ryanfaloona@benzinga.com

August 21, 2023 | 12:27 pm

INDV

Indivior's shares are trading higher following the company's announcement of an agreement concerning antitrust litigation claims.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2023 | 12:26 pm

MWA

Shares of Mueller Water Products have been halted due to pending news.

Portfolio Pulse from Happy Mohamed

August 21, 2023 | 12:25 pm