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ALMPY

PSTX

TAK

Poseida Therapeutics Inc (PSTX) shares are trading higher after receiving a $50 million strategic investment from Astellas Pharma Inc (ALMPY/ALMPF). The investment includes the purchase of 8.33 million shares at $3.00 per share and a $25 million one-time payment for strategic rights. This investment can extend Poseida's cash runway into early 2025. Poseida is also evaluating its gene therapy programs, including those returned from a terminated collaboration with Takeda Pharmaceutical Company Limited (TAK).

Portfolio Pulse from Vandana Singh

August 07, 2023 | 2:55 pm

CERE

Cerevel Therapeutics Holdings' stock is trading lower after Mizuho maintained a Neutral rating on the stock and lowered its price target from $29 to $25.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 2:55 pm

FRPT

Freshpet reported better-than-expected Q2 EPS results and issued FY23 revenue guidance, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 2:52 pm

EXPE

Citigroup has raised its price target on Expedia's stock from $105 to $115, leading to a rise in Expedia's share prices.

Portfolio Pulse from Bill Haddad

August 07, 2023 | 2:49 pm

HASI

Hannon Armstrong Sustainable Infrastructure Capital, Inc. (HASI) has announced a private offering of $350 million in green exchangeable senior unsecured notes due 2028. The company may use a portion of the net proceeds from this offering to repurchase certain of the 2023 Convertible Notes. The company also intends to enter into privately negotiated capped call transactions. The notes will be offered only to qualified institutional buyers.

Portfolio Pulse from Happy Mohamed

August 07, 2023 | 2:48 pm

EOG

A significant bearish stance has been taken on EOG Resources (NYSE:EOG) by a large investor, as indicated by a large position in options. The sentiment among these big-money traders is 90% bearish, with 10 puts and 1 call spotted. The targeted price range for EOG Resources over the last 3 months is from $130.0 to $140.0. Despite this, several financial institutions have maintained their positive ratings on EOG Resources, with price targets ranging from $140 to $160.

Portfolio Pulse from Benzinga Insights

August 07, 2023 | 2:46 pm

FTNT

A significant bearish stance has been taken on Fortinet (NASDAQ:FTNT) by a large investor, as observed from the options history. The sentiment among big-money traders is split between 41% bullish and 58% bearish. The whales have been targeting a price range from $50.0 to $80.0 for Fortinet over the last 3 months. The current price of FTNT is $57.33, up 0.99%. Analysts from Baird, Barclays, Rosenblatt, and TD Cowen have maintained their positive ratings on Fortinet with price targets ranging from $70 to $93.

Portfolio Pulse from Benzinga Insights

August 07, 2023 | 2:46 pm

COST

A significant investor has taken a bullish stance on Costco Wholesale (NASDAQ:COST), with 50% of recent trades being bullish and 50% bearish. The trades include 4 puts totaling $646,839 and 6 calls totaling $354,793. The price target for Costco over the last 3 months has been between $250 and $840. The current price of COST is up 1.22% at $558.76. Analysts from Jefferies, Truist Securities, and Oppenheimer maintain a 'Buy' rating on Costco, while Telsey Advisory Group and Citigroup have downgraded their ratings to 'Outperform' and 'Neutral' respectively.

Portfolio Pulse from Benzinga Insights

August 07, 2023 | 2:45 pm

RBOT

Vicarious Surgical Inc's shares are trading lower by 8.5% after the company priced a $45 million offering. The company priced its underwritten public offering of 45 million shares of Class A common stock at $1.00 per share. The offering is scheduled to close on August 7, 2023. Morgan Stanley & Co. and Cowen and Company are the joint book-running managers for the offering.

Portfolio Pulse from Henry Khederian

August 07, 2023 | 2:45 pm

SEB

Seaboard (AMEX:SEB) has announced a quarterly dividend of $2.25 per share. The ex-dividend date is Thursday, meaning the stock will likely open $2.25 lower to reflect the payout. Shareholders who own SEB as of the end of Wednesday's session are eligible to receive the dividend, which will be paid out on August 21, 2023.

Portfolio Pulse from Benzinga Insights

August 07, 2023 | 2:45 pm