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SOFI

SoFi Technologies Inc's Q2 2023 earnings results have received mixed reactions from analysts. Despite reporting a 37% Y/Y adjusted revenue increase to $488.8 million and raising its 2023 adjusted net revenue and EBITDA guidance, the company's shares are trading lower. Keefe, Bruyette & Woods downgraded the stock to Underperform, BTIG reduced the price target to $13, while Truist Securities raised the price target to $16.

Portfolio Pulse from Lekha Gupta

August 04, 2023 | 9:45 am

EQRX

RVMD

Revolution Medicines Inc (RVMD) has agreed to acquire EQRx Inc (EQRX) in an all-stock transaction that will add over $1 billion to RVMD's balance sheet. The deal is expected to close in November 2023. Post-merger, RVMD will focus on its three priority RAS-focused assets and will not advance EQRX's R&D portfolio. EQRX will wind down these programs and return the associated IP to its partners.

Portfolio Pulse from Vandana Singh

August 04, 2023 | 9:45 am

GAIA

Gaia Inc. reported its Q2 financial results, which led to an increase in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 9:45 am

MSGM

Shares of Motorsport Games (MSGM) were halted on a circuit breaker due to a sharp increase in the stock price. The stock is now up 78.6%.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 9:45 am

AMD

Advanced Micro Devices (AMD) has seen a sweep of 440 calls for August 18 at $150, near the ask price. The reference price is $116.93. The open interest for this option is 8545.

Portfolio Pulse from Charles Gross

August 04, 2023 | 9:45 am

ADMP

Adamis Pharmaceuticals Corp shares have resumed trading.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 9:44 am

ESPR

Esperion Therapeutics reported better-than-expected Q2 financial results, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 9:44 am

SNMP

Shares of Evolve Transition Infrastructure, LP (SNMP) are up by 47% on heavy trading volume, with over 1.92 million shares traded, far exceeding the stock's 100-day average of 43,996 shares. This follows the NYSE Regulation's withdrawal of its delisting determination, allowing the company's common units to commence trading on the NYSE American.

Portfolio Pulse from Erica Kollmann

August 04, 2023 | 9:44 am

ADBE

A significant bullish stance on Adobe (NASDAQ:ADBE) has been observed through unusual options activity. The sentiment among these big-money traders is split between 58% bullish and 41% bearish. The whales have been targeting a price range from $400.0 to $560.0 for Adobe over the last 3 months. Morgan Stanley has upgraded its action to Overweight with a price target of $660.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 9:43 am

ASML

A significant bearish stance has been taken on ASML Holding (NASDAQ:ASML) by a large investor, as noticed by Benzinga's options scanner. The scanner spotted 20 uncommon options trades for ASML Holding, with a split sentiment of 45% bullish and 55% bearish. The whales have been targeting a price range from $510.0 to $1000.0 for ASML Holding over the last 3 months.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 9:43 am