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AMD

A significant bearish stance has been taken on Advanced Micro Devices (NASDAQ:AMD) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is 16% bullish and 83% bearish. The price range targeted by these investors for AMD over the last 3 months is $50.0 to $160.0. The current price of AMD is down -1.87% at $105.19. Analysts from Wedbush, Benchmark, Susquehanna, B of A Securities, and Morgan Stanley have maintained their ratings on AMD, with price targets ranging from $132 to $155.

Portfolio Pulse from Benzinga Insights

August 17, 2023 | 3:16 pm

AMC

AMC Entertainment Holdings has seen a significant option alert for August 25 $5 calls. A total of 1843 contracts were traded near the ask price at $0.161, compared to an open interest of 35596. The reference price was $3.8857.

Portfolio Pulse from Charles Gross

August 17, 2023 | 3:16 pm

NVDA

Ahead of Nvidia Corp's (NASDAQ:NVDA) quarterly earnings, Rosenblatt analyst Hans Mosesmann reiterated a Buy rating and raised the price target from $600 to $800. He expects a beat and guidance boost due to severe constraints on H100 Hopper platforms. Oppenheimer analyst Patrick Scholes maintained Nvidia with an Outperform and raised the price target from $420 to $500. He sees gaming returning to >$10 billion/year run-rate in 2Q and auto as NVDA’s third growth pillar long-term.

Portfolio Pulse from Anusuya Lahiri

August 17, 2023 | 3:15 pm

AHI

Advanced Health Intelligence Ltd. (NASDAQ:AHI) stock is trading higher after the company announced it was eligible for partial reimbursement by the Australian government for overseas research and development costs. The company's submission was found eligible for reimbursements of 43.5% on approved expenditures incurred abroad. The news has led to heavy trading volume, with over 33.16 million shares traded compared to the stock's 100-day average of 2.547 million shares.

Portfolio Pulse from Erica Kollmann

August 17, 2023 | 3:14 pm

GLBE

SHOP

Global-E Online Ltd (NASDAQ:GLBE) provides end-to-end services for cross-border e-commerce. The company has been growing at a 70-100% YoY pace for a couple of years, but this is slowing down. In 2022, revenues grew by 66%, and in the first two quarters of 2023, revenues grew in the 50s. The company has a strategic partnership with Shopify, which owns 13.5% of Global-e. The company is profitable and has generated free cash flow for several years. A DCF model values Global-e at $58 per share, which is 60% higher than its current trading price.

Portfolio Pulse from Jacob Engel

August 17, 2023 | 3:14 pm

AHI

Advanced Health Intelligence has announced that it has obtained overseas R&D reimbursement under the Australian Research and Development Tax Incentive Scheme. This has led to a rise in the company's share prices.

Portfolio Pulse from Benzinga Newsdesk

August 17, 2023 | 3:13 pm

MSGS

Madison Square Garden Sports Corp (NYSE:MSGS) reported a Q4 FY23 revenue decline of 28% YoY to $126.9 million, beating consensus estimates. The decrease was primarily due to fewer Knicks and Rangers games. The company reported an EPS loss of $(0.39), missing consensus estimates. MSGS shares are trading lower by 8.74%.

Portfolio Pulse from Anusuya Lahiri

August 17, 2023 | 3:11 pm

FSR

There has been a significant option activity on Fisker Inc. (FSR) with a sweep of 2049 calls at $0.17 for a strike price of $5.5 expiring on Friday. The reference price is $5.62.

Portfolio Pulse from Charles Gross

August 17, 2023 | 3:10 pm

CSCO

Cisco Systems Inc (NASDAQ:CSCO) reported higher-than-expected revenues and earnings for its fiscal fourth quarter, leading to a rise in its share price. Analysts from Morgan Stanley, Needham, Oppenheimer, KeyBanc Capital Markets, and JMP Capital Markets provided their insights on the results. While some analysts raised their price targets and maintained positive ratings, others reiterated their hold ratings, citing concerns about the depletion of backlogs and future growth.

Portfolio Pulse from Priya Nigam

August 17, 2023 | 3:06 pm

DTIL

Precision BioSciences' shares are trading lower after HC Wainwright maintained a Buy rating on the stock but lowered its price target from $5 to $3.

Portfolio Pulse from Benzinga Newsdesk

August 17, 2023 | 3:06 pm