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IVCP

Swiftmerge Acquisition Corp.'s shares are set to resume trading at 12:45 p.m. ET.

Portfolio Pulse from Happy Mohamed

August 11, 2023 | 4:27 pm

LUNA

Luna Innovations reported worse-than-expected Q2 financial results, leading to a drop in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 11, 2023 | 4:23 pm

SLRX

Salarius Pharmaceuticals reported worse-than-expected Q2 earnings per share (EPS) results, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 11, 2023 | 4:22 pm

TISI

Shares of Team Inc. (TISI) are trading lower following the company's announcement of a year-over-year decrease in Q2 revenue results.

Portfolio Pulse from Benzinga Newsdesk

August 11, 2023 | 4:21 pm

AMRS

CANO

JYNT

RGTI

TSAT

YTEN

US stocks traded mixed with the Dow Jones gaining around 100 points while the NASDAQ and S&P 500 fell. Energy shares jumped by 1.6% while information technology shares fell by 0.8%. Amyris, Inc. (AMRS) shares shot up 141% after filing for Chapter 11 bankruptcy. Telesat Corporation (TSAT) shares rose 39% after reporting Q2 results and a $2.1 billion deal with MDA. Rigetti Computing, Inc. (RGTI) shares were up 49% following a narrower-than-expected quarterly loss. Yield10 Bioscience, Inc. (YTEN) shares dropped 58% after announcing a $3.7 million public offering. Cano Health, Inc. (CANO) shares were down 70% after reporting worse-than-expected Q2 results and pursuing a sale process. The Joint Corp. (JYNT) shares fell 19% after Q2 operating highlights.

Portfolio Pulse from Lisa Levin

August 11, 2023 | 4:19 pm

DIS

PENN

Dave Portnoy, founder of Barstool Sports, clarified via Twitter that his shares in Penn National Gaming (PENN) and Disney (DIS) instantly vested following a deal between the two companies. He added that he still owns the shares and has the option to sell them if he chooses.

Portfolio Pulse from Happy Mohamed

August 11, 2023 | 4:16 pm

FCX

A significant bullish stance has been taken on Freeport-McMoRan (NYSE:FCX) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split between 71% bullish and 28% bearish. The whales have been targeting a price range from $33.0 to $65.0 for Freeport-McMoRan over the last 3 months. The current price of FCX is down -1.7% at $41.66. Morgan Stanley has downgraded its action to Equal-Weight with a price target of $38.

Portfolio Pulse from Benzinga Insights

August 11, 2023 | 4:15 pm

WMT

A significant amount of unusual options activity has been detected for Walmart (NYSE:WMT), with a bearish stance being taken by a majority of investors. Of the 15 strange trades detected, 53% were bearish and 46% were bullish. The total amount for puts was $463,962 and for calls was $344,997. Whales have been targeting a price range from $140.0 to $230.0 for Walmart over the last 3 months. Several financial firms have given their ratings and price targets for Walmart, with the highest being $210 by Piper Sandler.

Portfolio Pulse from Benzinga Insights

August 11, 2023 | 4:15 pm

VIEW

View Inc. reported better-than-expected Q2 financial results, leading to a rise in its share price. The company also announced that it has regained compliance with the Nasdaq minimum bid price requirements.

Portfolio Pulse from Benzinga Newsdesk

August 11, 2023 | 4:15 pm

NVVE

Nuvve Holding reported its Q2 financial results, which led to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 11, 2023 | 4:12 pm