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OPEN

Opendoor Technologies' shares are trading lower after Credit Suisse maintained an Outperform rating on the stock but lowered its price target from $8 to $7.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 6:39 pm

IRTC

Truist Securities analyst Richard Newitter has reiterated a Buy rating on IRhythm Technologies, Inc. (IRTC), but lowered the price target to $138 from $155. This follows IRTC's Q2 report, which showed better-than-expected opex and cost efficiencies. The company's Zio product received a high medical needs designation from the Japanese Ministry of Health and Welfare, potentially setting up the company for commercialization in Japan in 2025. Despite the positive news, IRTC shares are trading lower by 2.2% to $112.72.

Portfolio Pulse from Nabaparna Bhattacharya

August 07, 2023 | 6:32 pm

HSIC

SAGE

SQNS

TIVC

TRHC

VTGN

YELL

US stocks traded higher with the Dow Jones gaining more than 350 points. Henry Schein Inc reported better-than-expected Q2 earnings but slightly missed sales consensus. Vistagen Therapeutics, Tabula Rasa HealthCare, and Sequans Communications saw their shares rise after positive news. Sage Therapeutics, Tivic Health Systems, and Yellow Corporation saw their shares drop due to negative developments.

Portfolio Pulse from Lisa Levin

August 07, 2023 | 6:30 pm

RCL

Investor Business Daily SwingTrader has reportedly purchased stock in Royal Caribbean Cruises (RCL).

Portfolio Pulse from Happy Mohamed

August 07, 2023 | 6:25 pm

PARA

An option alert has been issued for Paramount Global, with 1250 calls at the ask price of $1.81 for January 19th, $17.5. This is compared to an open interest of 11740. The company's earnings will be announced after close on August 7th. The reference price is $16.005.

Portfolio Pulse from Charles Gross

August 07, 2023 | 6:22 pm

MAT

WBD

Analysts from Truist Securities and Benchmark have maintained a Buy rating for Warner Bros. Discovery Inc (WBD), despite lowering the price target from $18 to $17 and $26 respectively. The analysts are optimistic due to the success of Barbie, which crossed $1B in global box office, and the company's strong FCF and cost synergy execution. However, they noted soft results and a lack of recovery in the linear ad market. Barbie's partner, Mattel, Inc (MAT), has 14 projects in active development.

Portfolio Pulse from Anusuya Lahiri

August 07, 2023 | 6:18 pm

APD

Air Products & Chemicals's (NYSE:APD) short percent of float has risen 33.8% since its last report, with 2.11 million shares sold short, which is 0.95% of all regular shares available for trading. This does not necessarily mean the stock will fall in the near-term, but indicates increased bearish sentiment. Compared to its peers, APD has less short interest, with the average being 2.42%.

Portfolio Pulse from Benzinga Insights

August 07, 2023 | 6:15 pm

VRSK

Verisk Analytics's (NYSE:VRSK) short percent of float has fallen 8.99% since its last report, with 6.56 million shares sold short, which is 5.16% of all regular shares available for trading. This decrease in short interest can signal that investors have become more bullish. Verisk Analytics's peer group average for short interest as a percentage of float is 3.98%, indicating the company has more short interest than most of its peers.

Portfolio Pulse from Benzinga Insights

August 07, 2023 | 6:15 pm

BCS

Barclays's (NYSE:BCS) short percent of float has fallen 23.08% since its last report, with 3.70 million shares sold short, which is 0.1% of all regular shares available for trading. This decrease in short interest could signal a more bullish market sentiment towards Barclays. Compared to its peers, Barclays has less short interest as a percentage of float, with an average of 1.05%.

Portfolio Pulse from Benzinga Insights

August 07, 2023 | 6:15 pm

WBD

Warner Bros Discovery's shares are trading higher following the news that 'Barbie' has grossed over $1 billion at the box office.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 6:10 pm