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Bitcoin and Ethereum traded lower but remained above key levels of $30,000 and $1,900 respectively. Sui was the top gainer over the past 24 hours, while 1inch Network was the biggest loser. The global crypto market cap fell to $1.2 trillion, recording a 24-hour decline of 0.4%.

Portfolio Pulse from Lisa Levin

July 18, 2023 | 1:38 pm

NMTR

9 Meters Biopharma Inc (NASDAQ:NMTR) filed for Chapter 11 bankruptcy protection, causing its shares to plummet. The company will cease operations and its assets will be liquidated. Concurrently, Interim CEO and CFO, Bethany Sensenig, resigned. The company's shares are down 69.50% at $0.19.

Portfolio Pulse from Vandana Singh

July 18, 2023 | 1:36 pm

RBLX

Traders are circulating a note from M Science suggesting that Roblox Corporation is raising its Q2 bookings outlook due to a stronger quarter-end than previously anticipated.

Portfolio Pulse from Happy Mohamed

July 18, 2023 | 1:35 pm

CYRX

UBS analyst John Sourbeer has downgraded CryoPort (NASDAQ:CYRX) from Buy to Neutral and lowered the price target from $28 to $17.

Portfolio Pulse from richadhand@benzinga.com

July 18, 2023 | 1:34 pm

AAPL

AMZN

CMCSA

NFLX

PARA

WBD

NBCUniversal's streaming platform, Peacock, is set to increase its subscription prices for the first time since its debut in 2020. The price hike, effective from August 17, comes as the platform's subscriber figures continue to grow, reaching nearly 22 million in the first three months of 2023. The price increase will allow NBCUniversal to invest in strong programming and remain competitive. Other major streaming services like Paramount Global's Paramount+, Warner Bros Discovery's HBO Max, Disney+, Netflix, Apple TV+, and Amazon Prime Video have also raised prices.

Portfolio Pulse from Vandana Singh

July 18, 2023 | 1:31 pm

ABBV

AbbVie's (NYSE:ABBV) short percent of float has fallen 7.81% since its last report, with 10.36 million shares sold short, which is 0.59% of all regular shares available for trading. This decrease in short interest could signal a more bullish sentiment towards the stock. AbbVie's short interest as a percentage of float is lower than its peer group average of 3.62%.

Portfolio Pulse from Benzinga Insights

July 18, 2023 | 1:30 pm

CMCSA

Comcast's (NYSE:CMCSA) short percent of float has fallen 11.7% since its last report, with 34.27 million shares sold short, which is 0.83% of all regular shares available for trading. This decrease in short interest could signal a more bullish sentiment towards the stock. Compared to its peers, Comcast has less short interest as a percentage of float, with an average of 13.65%.

Portfolio Pulse from Benzinga Insights

July 18, 2023 | 1:30 pm

XOM

Exxon Mobil's (NYSE:XOM) short percent of float has fallen 23.53% since its last report, indicating a decrease in bearish sentiment. The company has 26.41 million shares sold short, which is 0.65% of all regular shares available for trading. Compared to its peers, Exxon Mobil has less short interest as a percentage of float, which is 1.63% on average.

Portfolio Pulse from Benzinga Insights

July 18, 2023 | 1:30 pm

AAPL

Apple Inc. (NASDAQ:AAPL) has increased its market share in global smartphone shipments to 17% in Q2 2023, up from 16% a year ago, despite a global slowdown in smartphone shipments. Apple's shipments fell by only 2%, compared to an 8% decline in global smartphone shipments. Apple's resilience is attributed to the premium nature of iPhones, which are relatively immune to the slowdown. Apple's gains were particularly notable in markets like India, where its shipments registered a 50% year-on-year growth.

Portfolio Pulse from Rounak Jain

July 18, 2023 | 1:29 pm

FREY

Goldman Sachs analyst Philipp Konig has downgraded FREYR Battery (NYSE:FREY) from Buy to Neutral and lowered the price target from $14 to $10.

Portfolio Pulse from richadhand@benzinga.com

July 18, 2023 | 1:28 pm