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FWRD

The President and CEO of Forward Air has purchased 16.05K shares at an average price of $62.70 per share, according to a Form4 filing.

Portfolio Pulse from Benzinga Newsdesk

August 17, 2023 | 6:22 pm

DTIL

Precision BioSciences Inc (NASDAQ:DTIL) has completed a strategic transaction with Imugene Limited for global rights to Azercabtagene Zapreleucel (azer-cel), Precision's lead allogeneic CAR T candidate for cancer. HC Wainwright analyst Patrick Trucchio lowered the price target for DTIL to $3 from $5, reflecting the value of the CAR T pipeline. The deal extends Precision's cash runway through 3Q25 and allows it to focus on internal gene editing programs. DTIL shares are down 14.6% at $0.45.

Portfolio Pulse from Vandana Singh

August 17, 2023 | 6:18 pm

HNNMY

META

MSFT

RBLX

SPOT

Roblox Corporation's Q2 results missed estimates, causing a 21% drop in shares. Despite this, the company continues to expand its partnerships and brand activations, including collaborations with Meta Platforms, Spotify Technology, and H & M Hennes & Mauritz AB. Roblox reported a net loss of $282.8 million, attributed to increased expenses associated with growth. However, daily active users rose 25% YoY, and the company aims to reach 1 billion daily users. Roblox's entry into the Meta virtual headset market was successful, with over one million downloads in five days.

Portfolio Pulse from Upwallstreet

August 17, 2023 | 6:17 pm

PGR

BMO Capital Markets analyst Michael Zaremski reiterated the Market Perform rating on Progressive Corporation (NYSE:PGR), raising the price target from $125 to $130. The company's July results were driven by an improvement in the core auto loss ratios. Zaremski predicts that the company's FY24 EPS will be boosted by significant expense/ad spend cuts.

Portfolio Pulse from Nabaparna Bhattacharya

August 17, 2023 | 6:14 pm

PODD

JP Morgan reiterates its Overweight rating on Insulet Corp (PODD) and forecasts a robust pump market with long-term growth potential. The firm sees the current stock price as an attractive entry point for investors. JP Morgan projects a significant increase in the adoption of insulin pumps, particularly among Type 1 and Type 2 diabetes patients, which could drive Insulet's growth. However, PODD shares are currently down 2.71% at $208.08.

Portfolio Pulse from Vandana Singh

August 17, 2023 | 6:14 pm

AFRM

Affirm Holdings has seen a significant increase in call options for August 25 at $16.5. The volume of 742 contracts is higher than the open interest of 647 contracts. This activity occurred ahead of the company's earnings announcement scheduled for August 24 after market close.

Portfolio Pulse from Charles Gross

August 17, 2023 | 6:08 pm

FCX

STLD

TECK

X

Shares of metals companies are trading higher due to China's indication that it would meet its economic growth targets. This has positively impacted the stocks of FCX, STLD, TECK, and X.

Portfolio Pulse from Benzinga Newsdesk

August 17, 2023 | 6:07 pm

CTVA

Over the past 3 months, 13 analysts have given their opinion on Corteva (NYSE:CTVA) stock, with 4 being bullish and 9 somewhat bullish. The average price target is $70.08, implying an upside from the current price of $50.44. This average has decreased by 3.26% from the previous average price target of $72.44.

Portfolio Pulse from Benzinga Insights

August 17, 2023 | 6:00 pm

SE

Over the last quarter, 6 analysts have given ratings for Sea (NYSE:SE) with 1 being bullish, 3 somewhat bullish, and 2 indifferent. The average 12-month price target is $64.5, a 26.01% decrease from the previous average of $87.17.

Portfolio Pulse from Benzinga Insights

August 17, 2023 | 6:00 pm

ROKU

Roku (NASDAQ:ROKU) has received mixed analyst ratings in the last quarter, with 4 bullish, 4 somewhat bullish, 5 indifferent, 3 somewhat bearish, and 1 bearish. The company's average price target is $74.53, which has increased by 11.54% over the past month.

Portfolio Pulse from Benzinga Insights

August 17, 2023 | 6:00 pm