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MCB

Metropolitan Bank Holding's shares are trading lower following the company's worse-than-expected Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

July 21, 2023 | 3:41 pm

CXAI

CXApp, Inc. (NASDAQ:CXAI) shares are trading higher after the company announced a 50% reduction in operating expenses and a $5 million cash addition to its balance sheet through investors' redemption of 435 thousand warrants at $11.50. The company also entered into a warrant exchange agreement that will reduce the outstanding public warrants by more than 15%. The release of Q2 2023 financial results and earnings report is anticipated in August. There is a high short interest in CXAI with 69.28% of available shares being sold short.

Portfolio Pulse from Erica Kollmann

July 21, 2023 | 3:38 pm

BGLC

BioNexus Gene Lab Corp. (NASDAQ:BGLC) shares are trading higher after the company uplisted its BGLC shares to the Nasdaq Capital Market with a public offering. The offering included 1.25 million shares priced at $4 per share, expecting to raise $5 million. There is potential for more funds if underwriters exercise their 45-day rights to acquire an additional 187,500 shares at the public offering price. BGLC shares are trading on very heavy volume and interest from retail investors.

Portfolio Pulse from Erica Kollmann

July 21, 2023 | 3:37 pm

DE

Deere Inc.'s total debt stands at $58.10 billion, with $40.99 billion in long-term debt and $17.11 billion in current debt. After adjusting for $5.27 billion in cash-equivalents, the company's net debt is $52.83 billion. The company's debt-ratio is 0.59, indicating a significant portion of its assets are funded by debt. The company's shares have risen by 15.49% in the past three months.

Portfolio Pulse from Benzinga Insights

July 21, 2023 | 3:30 pm

FOR

Forestar Group's stock has been upgraded from Neutral to Buy by BTIG, with a new price target of $32.

Portfolio Pulse from Benzinga Newsdesk

July 21, 2023 | 3:26 pm

RUM

Rumble CEO Chris Pavlovski has tweeted that he is aware of nearly 10 million shares being short on Rumble ($RUM) and has made it his mission to make it difficult for these short sellers.

Portfolio Pulse from Happy Mohamed

July 21, 2023 | 3:24 pm

JPM

A whale investor has taken a bullish stance on JPMorgan Chase (NYSE:JPM), with 50% of the investors opening trades with bullish expectations and 50% with bearish. The whale has been targeting a price range from $85.0 to $160.0 for JPMorgan Chase over the last 3 months. The current price of JPM is down -0.69% at $155.07. RSI indicators suggest that the stock may be overbought. The next earnings are expected to be released in 84 days.

Portfolio Pulse from Benzinga Insights

July 21, 2023 | 3:17 pm

CVS

A significant bearish stance has been taken on CVS Health (NYSE:CVS) by a large investor, as indicated by a large position in options. The sentiment among these big-money traders is 30% bullish and 70% bearish. The targeted price range for CVS Health over the last 3 months is $70.0 to $77.5. The current price of CVS is $75.12, up 0.33%. JP Morgan, Barclays, and Mizuho have maintained their positive ratings on CVS Health, with price targets of $106, $89, and $88 respectively.

Portfolio Pulse from Benzinga Insights

July 21, 2023 | 3:17 pm

QNRX

Quoin Pharmaceuticals, Ltd. (NASDAQ:QNRX) shares are trading higher after the company effected an ADS ratio change equivalent to a 1-for-12 reverse stock split. The stock has been trending on StockTwits and Yahoo! Finance, and trading has been halted multiple times due to heavy volume. More than 1.73 million shares have been traded, far exceeding the QNRX 100-day average of 20.42 thousand shares.

Portfolio Pulse from Erica Kollmann

July 21, 2023 | 3:15 pm

LYV

Shares of Live Nation Entertainment Inc (NYSE:LYV) have climbed more than 40% year to date. Analyst Jed Kelly from Oppenheimer initiated coverage of Live Nation Entertainment with an Outperform rating and a price target of $110. Kelly noted that the company's breadth of inventory is well positioned to deliver more events to a wider network of fans and is likely to benefit from music streaming advancements. Live Nation's proactive partnership with legislators on fair ticketing initiatives is expected to reduce the likelihood of a negative regulatory outcome.

Portfolio Pulse from Priya Nigam

July 21, 2023 | 3:14 pm