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DOCN

DigitalOcean has announced the acquisition of Paperspace for $111 million, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

July 06, 2023 | 7:48 pm

MDB

A significant amount of bearish options activity has been observed for MongoDB (NASDAQ:MDB). Of the 17 unusual trades detected, 64% were bearish and 35% bullish. The total amount for puts was $1,009,197 and for calls, $527,225. Whales have been targeting a price range from $270.0 to $520.0 for MongoDB over the last 3 months. The current price of MDB is down -2.47% at $399.45. Several financial institutions have recently updated their ratings and price targets for MongoDB.

Portfolio Pulse from Benzinga Insights

July 06, 2023 | 7:47 pm

DUK

A significant amount of unusual options activity has been observed for Duke Energy (NYSE:DUK), with a majority of investors taking a bearish stance. Whales have been targeting a price range from $70.0 to $120.0 for Duke Energy over the last 3 months. The company's stock price is currently down by 0.96% at $90.73. Analysts from B of A Securities, BMO Capital, and JP Morgan have maintained their ratings on Duke Energy, while Citigroup and Goldman Sachs have downgraded their actions.

Portfolio Pulse from Benzinga Insights

July 06, 2023 | 7:47 pm

BIDU

A whale investor has taken a bearish stance on Baidu (NASDAQ:BIDU), with 70% of the spotted trades being bearish. The total amount for puts is $62,135 and for calls is $440,984. Whales have been targeting a price range from $125.0 to $200.0 for Baidu over the last 3 months. The price of BIDU is down -2.83% at $137.9. Morgan Stanley upgraded its action to Overweight with a price target of $190.

Portfolio Pulse from Benzinga Insights

July 06, 2023 | 7:47 pm

APLD

Applied Digital Corporation's shares are trading lower following short reports issued by Wolf Pack Research and The Bear Cave.

Portfolio Pulse from Benzinga Newsdesk

July 06, 2023 | 7:40 pm

ITCI

Needham has increased the price target for Intra-Cellular Therapies Inc (NASDAQ:ITCI) from $70 to $73, maintaining a Buy rating. The analyst anticipates success in the major depressive disorder (MDD) trial but assigns it a 60% PoS due to inherent risks. The stock has risen 33% since positive Phase 3 data, indicating some anticipated upside is already in the shares. Needham also raised the 2023 sales estimate for Caplyta, a product of ITCI, to $467M.

Portfolio Pulse from Vandana Singh

July 06, 2023 | 7:38 pm

GEHC

GE HealthCare Techs Inc.'s stock price decreased by 1.61% in the current market session to $79.36. However, it has increased by 2.06% over the past month and by 32.26% over the past year. The company's P/E ratio of 21.59 is lower than the industry average of 161.09, indicating that the stock might be undervalued or expected to perform worse than its industry peers.

Portfolio Pulse from Benzinga Insights

July 06, 2023 | 7:37 pm

QQQ

SPY

Investors are anticipating the Bureau of Labor Statistics’ job market report for June, which will reveal data points including non-farm payrolls (NFPs), hourly wage growth, and the unemployment rate. The data will influence market sentiment and the Federal Reserve's decisions on interest rates. The market is volatile with rate hike expectations surging. Both the SPDR S&P 500 ETF Trust (NYSE:SPY) and the Invesco QQQ Trust (NASDAQ:QQQ) fell by about 1% on Thursday. Economists forecast NFPs to decrease from 339,000 to 225,000 in June, and the unemployment rate to edge lower from 3.7% to 3.6%.

Portfolio Pulse from Piero Cingari

July 06, 2023 | 7:35 pm

LYFT

Lyft shares are trading lower due to overall market weakness caused by concerns over rate hikes.

Portfolio Pulse from Benzinga Newsdesk

July 06, 2023 | 7:32 pm

EDTX

Shares of EdtechX (EDTX) are trading higher on strong volume without any apparent news to justify the price action.

Portfolio Pulse from Benzinga Newsdesk

July 06, 2023 | 7:23 pm