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Stock Prices

META

Meta Platforms shares are trading higher following a positive earnings report. The stock was upgraded from Hold to Buy by China Renaissance, which also set a $380 price target.

Portfolio Pulse from Bill Haddad

July 28, 2023 | 2:53 pm

AZN

AstraZeneca reported better-than-expected Q2 financial results, leading to a rise in its share price. The company's Alexion unit also entered into a definitive purchase and license agreement for a portfolio of preclinical gene therapy programs.

Portfolio Pulse from Bill Haddad

July 28, 2023 | 2:53 pm

RETA

ROKU

SAM

Several US stocks traded higher on Friday, with the Nasdaq Composite gaining around 200 points. Notable gainers include Reata Pharmaceuticals, which rose 53.3% after Biogen agreed to acquire the company, Roku, which gained 20.8% after reporting better-than-expected Q2 results and strong Q3 guidance, and The Boston Beer Company, which surged 18.1% after reporting better-than-expected quarterly results. Other companies that saw significant gains include Business First Bancshares, Huron Consulting Group, TAL Education Group, Costamare, Coursera, Beazer Homes USA, Celestica, SIGA Technologies, Silicon Motion Technology Corporation, UP Fintech Holding Limited, SkyWest, GDS Holdings Limited, Dada Nexus Limited, Cardlytics, AVITA Medical, T. Rowe Price Group, Opendoor Technologies, Meritage Homes Corporation, Skechers U.S.A., Chart Industries, DISH Network Corporation, Upstart Holdings, DexCom, and Intel Corporation.

Portfolio Pulse from Lisa Levin

July 28, 2023 | 2:47 pm

AVGO

A significant bearish stance has been taken on Broadcom (NASDAQ:AVGO) by a large investor or institution, as indicated by unusual options activity. The sentiment among these big-money traders is 75% bearish and 25% bullish. The whales have been targeting a price range from $370.0 to $1000.0 for Broadcom over the last 3 months. The price of AVGO is currently up 0.32% at $896.41, and the next earnings are expected to be released in 34 days.

Portfolio Pulse from Benzinga Insights

July 28, 2023 | 2:47 pm

MELI

A significant bearish stance has been taken on MercadoLibre (NASDAQ:MELI) as indicated by unusual options activity. The sentiment among big-money traders is split between 43% bullish and 56% bearish. Whales have been targeting a price range from $1000.0 to $1260.0 for MercadoLibre over the last 3 months. B of A Securities downgraded its action to Neutral with a price target of $1350 while Jefferies maintained their Hold rating with a price target of $1300.

Portfolio Pulse from Benzinga Insights

July 28, 2023 | 2:47 pm

VALE

A significant amount of unusual options activity has been observed for Vale (NYSE:VALE), indicating a bullish stance by a large investor or institution. The overall sentiment of these big-money traders is split between 56% bullish and 43% bearish. The price target for Vale over the last 3 months has been between $10.0 to $20.0. Wolfe Research upgraded its action to Outperform with a price target of $17, while RBC Capital downgraded its action to Outperform with a price target of $15.

Portfolio Pulse from Benzinga Insights

July 28, 2023 | 2:46 pm

AURC

Shares of Aurora Acquisition Corp. (AURC) were halted on a circuit breaker due to a significant increase in price. The stock is now up by 52.1%.

Portfolio Pulse from Happy Mohamed

July 28, 2023 | 2:46 pm

NWBI

Northwest Bancshares (NASDAQ:NWBI) announced a quarterly dividend of 20 cents per share. The stock will go ex-dividend on Wednesday, meaning it will likely open 20 cents lower. Shareholders owning NWBI as of the end of Tuesday's session are eligible for the dividend payout. The dividend will be paid out on August 14, 2023.

Portfolio Pulse from Benzinga Insights

July 28, 2023 | 2:45 pm

IMKTA

SENEA

SENEB

UNFI

VLGEA

Benzinga Insights has identified five value stocks in the consumer defensive sector that may be worth watching: Ingles Markets (NASDAQ:IMKTA), United Natural Foods (NYSE:UNFI), Village Super Market (NASDAQ:VLGEA), and Seneca Foods (NASDAQ:SENEA, SENEB). These companies have low P/E multiples, indicating they may be undervalued. However, the risk of investing in a value stock is that its value may never materialize.

Portfolio Pulse from Benzinga Insights

July 28, 2023 | 2:40 pm

UFAB

Trading of Unique Fabricating's shares has resumed.

Portfolio Pulse from Happy Mohamed

July 28, 2023 | 2:40 pm