Streetbeat News

Stock Prices

SONY

Sony Group's (NYSE:SONY) short percent of float has risen 9.09% since its last report, with 1.51 million shares sold short. This indicates that more traders are betting on the stock's price to fall. However, compared to its peers, Sony has less short interest as a percentage of float, which is 4.56% on average.

Portfolio Pulse from Benzinga Insights

July 20, 2023 | 5:45 pm

ADP

Automatic Data Processing's (NYSE:ADP) short percent of float has fallen 4.0% since its last report, with 4.97 million shares sold short, which is 1.2% of all regular shares available for trading. This decrease in short interest could signal a more bullish market sentiment towards ADP. Compared to its peers, ADP has less short interest as a percentage of float, with the average being 5.99%.

Portfolio Pulse from Benzinga Insights

July 20, 2023 | 5:45 pm

TTWO

Take-Two Interactive's (NYSE:TTWO) short percent of float has risen 6.8% since its last report, with 5.57 million shares sold short, which is 3.3% of all regular shares available for trading. This indicates that more traders are betting on the stock's price to fall. However, an increase in short interest can sometimes be bullish for a stock.

Portfolio Pulse from Benzinga Insights

July 20, 2023 | 5:45 pm

NVO

Novo Nordisk A/S (NYSE:NVO) is facing a shortage of its obesity drugs Wegovy and Saxenda due to increased demand. The FDA has listed Saxenda as having limited availability through the end of 2023. The European Medicines Agency has initiated a probe into Novo Nordisk's weight-loss medications amid reports of suicidal risks. Despite these challenges, NVO shares are up 3.81%.

Portfolio Pulse from Vandana Singh

July 20, 2023 | 5:41 pm

TSLA

Tesla Inc's stock plunged over 8% following its Q2 earnings release, despite beating expectations. Analysts from four firms raised their price targets for the stock. Baird analyst Ben Kallo maintains Tesla as a “Best Pick” for the second half of 2023, noting the company's declining margins. Despite the sell-off, the stock's uptrend has not been negated, and the downturn occurred on lower-than-average volume, suggesting bullish control.

Portfolio Pulse from Melanie Schaffer

July 20, 2023 | 5:40 pm

CNFR

MRAI

OXBR

ROOT

During Thursday's intraday session, insurance stocks showed significant movement. Gainers included Marpai (MRAI), Conifer Holdings (CNFR), Progressive (PGR), Kemper (KMPR), BRP Group (BRP), and Heritage Insurance Hldgs (HRTG). Losers included Root (ROOT), Oxbridge Re Holdings (OXBR), Lemonade (LMND), Reliance Global Group (RELI), SelectQuote (SLQT), and Fanhua (FANH).

Portfolio Pulse from Benzinga Insights

July 20, 2023 | 5:40 pm

APLS

Apellis Pharmaceuticals Inc's stock has dropped around 50% due to safety concerns related to its product, Syfovre. The company disclosed that retinal vasculitis events are occurring at a rate of ~1/10,000 injections. Wedbush analyst has lowered the price target from $86 to $40, with a Neutral rating. The analyst also mentioned that the potential entry of Zimura from Iveric Bio/Astellas could affect Syfovre's market share.

Portfolio Pulse from Vandana Singh

July 20, 2023 | 5:38 pm

NFLX

TSLA

Tech stocks are trading lower due to weak quarterly reports from Netflix and Tesla. This has affected the overall tech sector.

Portfolio Pulse from Benzinga Newsdesk

July 20, 2023 | 5:37 pm

CVNA

CZR

FIGS

LEN

RIVN

TSLA

WYNN

Benzinga's options activity scanner has identified significant trading activity in the options of 10 consumer discretionary stocks. The stocks include Tesla (TSLA), Ford (F), Carvana (CVNA), Li Auto (LI), Rivian (RIVN), FIGS (FIGS), Wynn Resorts (WYNN), Lennar (LEN), AutoNation (AN), and Caesars Entertainment (CZR). The options activity includes both call and put options, with varying sentiments and expiration dates.

Portfolio Pulse from Benzinga Insights

July 20, 2023 | 5:35 pm

BAC

BOH

COIN

DFS

HOOD

JPM

SCHW

UPST

The article discusses unusual options activity in the financial sector, with a focus on 10 stocks: Robinhood (HOOD), Bank of America (BAC), Goldman Sachs (GS), Coinbase (COIN), JPMorgan Chase (JPM), Discover Financial Services (DFS), Upstart (UPST), Bank of Hawaii (BOH), Charles Schwab (SCHW), and Blackstone (BX). The article provides detailed information about the options activity for each stock, including the type of option (call or put), the sentiment (bullish or bearish), the expiration date, the strike price, and the total trade price.

Portfolio Pulse from Benzinga Insights

July 20, 2023 | 5:35 pm