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HOOD

Robinhood's shares have moved lower as the company is seeking a financial data firm to build an in-app trading hub. The move is expected to enhance the trading experience for its users.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 1:56 pm

ABNB

A large bearish position has been taken on Airbnb (NASDAQ:ABNB), with 23 uncommon options trades spotted, split between 26% bullish and 73% bearish. The total amount for puts is $958,270 and for calls is $489,381. Whales have been targeting a price range from $125.0 to $170.0 for Airbnb over the last 3 months. The price of ABNB is down -2.35% at $141.16. Analysts from Morgan Stanley, Needham, Keybanc, Argus Research, and B of A Securities have maintained their ratings on Airbnb.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 1:55 pm

BWA

BorgWarner's shares are trading lower due to continued downward momentum following the company's weak FY23 guidance report.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 1:55 pm

GSAT

Globalstar, Inc. (GSAT) reported Q2 FY23 sales growth of 49.7% YoY to $55.072 million, beating the consensus of $51.59 million. The company's EPS for the quarter was $0.00, compared with the consensus of $(0.01) loss. The revenue increase was due to both service revenue and subscriber equipment sales. The company also reported an increase in adjusted EBITDA and operating income. Globalstar narrowed its FY23 revenue outlook to $200 million-$230 million. GSAT shares are trading higher by 5.36% at $1.18.

Portfolio Pulse from Nabaparna Bhattacharya

August 04, 2023 | 1:55 pm

SRPT

Over the past 3 months, 24 analysts have published their opinion on Sarepta Therapeutics (NASDAQ:SRPT) stock. The analysts have an average price target of $183.42 versus the current price of Sarepta Therapeutics at $107.69, implying an upside. This current average has increased by 3.45% from the previous average price target of $177.31.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 1:55 pm

MA

A significant bearish stance has been taken on Mastercard (NYSE:MA) with 26 unusual options trades spotted, 25 of which are puts. The overall sentiment of these big-money traders is split between 46% bullish and 53% bearish. The targeted price range for Mastercard over the last 3 months is from $385.0 to $430.0. Major financial institutions maintain positive ratings on Mastercard with price targets ranging from $430 to $486.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 1:55 pm

ARAV

Aravive's Phase 3 AXLerate-OC study did not meet its primary endpoint, causing the company's shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 1:55 pm

RBC

RBC Bearings (NYSE:RBC) is set to release its latest quarterly earnings report on August 4, 2023. Analysts estimate an earnings per share (EPS) of $1.97. The company's stock performance has been generally positive over the last 52-week period, with shares up 3.19% and trading at $220.0 as of August 2.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 1:54 pm

HDSN

Hudson Technologies reported better-than-expected Q2 EPS results, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 1:54 pm

TDS

Telephone and Data (NYSE:TDS) is set to release its latest quarterly earnings report on August 4, 2023. Analysts estimate an earnings per share (EPS) of $-0.04. The company's past performance shows a pattern of share price changes following earnings reports. The stock is currently trading at $7.86, down 51.46% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 1:54 pm