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LLY

NKTR

Nektar Therapeutics Inc (NKTR) has announced that its former partner Eli Lilly And Co (LLY) presented incorrect data from two Phase 1b studies of its atopic dermatitis drug, rezpegaldesleukin (Rezpeg). The corrected data shows improved results, leading to a surge in NKTR's stock price. Nektar is planning to prioritize the development of Rezpeg, either in collaboration with Eli Lilly or independently.

Portfolio Pulse from Vandana Singh

August 07, 2023 | 4:20 pm

SATS

EchoStar Corporation's stock has been upgraded from Outperform to Strong Buy by Raymond James, with a new price target of $28. This has resulted in a rise in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 4:18 pm

AAPL

AMZN

GOOGL

SPY

The article discusses the potential impact of the upcoming CPI and PPI data on the market, with a focus on several stocks and cryptocurrencies. The author mentions a bearish outlook for ES and NQ, while DXY is expected to see a bearish imbalance. The author also anticipates a bullish move for BTC. The stocks mentioned include SPY, AAPL, GOOGL, and AMZN, with the author suggesting potential retracements for these stocks following recent sell-offs.

Portfolio Pulse from Mando Trading

August 07, 2023 | 4:17 pm

NIO

A significant amount of unusual options activity has been detected for NIO (NYSE:NIO), with a bearish stance being taken by a whale investor. Of the 28 strange trades detected, 46% were bullish and 53% were bearish. The trades included 4 puts worth $207,840 and 24 calls worth $1,167,328. The price target for NIO over the last 3 months has been between $7.5 and $35.0. The current price of NIO is down -1.08% at $14.56. JP Morgan and UBS have both maintained their Neutral rating on NIO, with price targets of $9 and $15 respectively.

Portfolio Pulse from Benzinga Insights

August 07, 2023 | 4:15 pm

AMAT

Applied Materials shares are trading higher amid a rebound in chip stocks.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 4:15 pm

BNGO

GMBL

NEE

NWN

On Monday, 149 companies reached new 52-week lows. The largest company by market cap to hit a new 52-week low was NextEra Energy (NYSE:NEE), while the smallest was Esports Entertainment (NASDAQ:GMBL). Bionano Genomics (NASDAQ:BNGO) saw the most pronounced move, with shares trading down 842.14% to hit its new 52-week low. Northwest Natural Hldg (NYSE:NWN) shares gained 0.0%, rebounding after it reached its 52-week low.

Portfolio Pulse from Benzinga Insights

August 07, 2023 | 4:13 pm

CRSP

Traders are circulating news that Ray Blanco of Agora Financials has purchased stock in CRISPR Therapeutics AG.

Portfolio Pulse from Happy Mohamed

August 07, 2023 | 4:11 pm

TEAM

Atlassian's shares are trading lower, pulling back after a surge on Friday due to strong Q4 results.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 4:11 pm

VRTV

Veritiv Corporation (VRTV) has agreed to be acquired by an affiliate of Clayton, Dubilier & Rice, LLC (CD&R). Each share of Veritiv will receive $170 in cash, a premium of over 20% to the last closing price. The transaction is expected to be completed in Q4 FY23, after which Veritiv will become a privately held company. Veritiv’s dividend of $0.63 per share is payable on September 13, 2023.

Portfolio Pulse from Shivani Kumaresan

August 07, 2023 | 4:07 pm

BKNG

Booking Holdings' stock price is expected to rise as JMP Securities maintains an Outperform rating and raises its price target from $3,000 to $3,600. Mizuho also raised its price target from $3,265 to $3,580.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 4:05 pm