Streetbeat News

Stock Prices

SNOW

Snowflake's (NYSE:SNOW) short percent of float has fallen 15.33% since its last report, with 11.63 million shares sold short, which is 3.7% of all regular shares available for trading. This decrease in short interest could signal a more bullish market sentiment towards Snowflake. Compared to its peers, Snowflake has less short interest as a percentage of float, with an average of 6.24%.

Portfolio Pulse from Benzinga Insights

July 13, 2023 | 8:30 pm

LULU

Lululemon Athletica's (NYSE:LULU) short percent of float has fallen 7.64% since its last report, with 2.63 million shares sold short, which is 2.54% of all regular shares available for trading. This decrease in short interest could signal a more bullish sentiment towards the stock. Lululemon's short interest is less than the average of its peer group, which stands at 7.40%.

Portfolio Pulse from Benzinga Insights

July 13, 2023 | 8:30 pm

MTD

Mettler-Toledo Intl (NYSE:MTD) has outperformed the market over the past 15 years, producing an average annual return of 18.96%. If an investor had bought $1000 of MTD stock 15 years ago, it would be worth $13,860.84 today.

Portfolio Pulse from Benzinga Insights

July 13, 2023 | 8:30 pm

ATOS

Atossa Therapeutics, Inc. (NASDAQ:ATOS) has regained compliance with the Nasdaq minimum closing bid price requirement for continued listing on The Nasdaq Capital Market. The company was previously not in compliance due to its common stock failing to maintain a minimum closing bid price of $1.00 per share for 30 consecutive business days. The company has made significant progress with its (Z)-endoxifen development program and has over $100 million cash with no debt.

Portfolio Pulse from Benzinga Newsdesk

July 13, 2023 | 8:18 pm

SPOT

A significant amount of unusual options activity has been observed for Spotify Technology (NYSE:SPOT), with a mix of bullish and bearish stances. Whales have been targeting a price range from $145.0 to $195.0 for Spotify over the last 3 months. The stock is currently up 3.2% at $171.1. Analysts from Raymond James, Truist Securities, and Morgan Stanley maintain positive ratings on Spotify, while Goldman Sachs maintains a neutral stance.

Portfolio Pulse from Benzinga Insights

July 13, 2023 | 8:16 pm

RIO

A significant investor has taken a bearish stance on Rio Tinto (NYSE:RIO), with 54% of recent trades being bearish and 45% bullish. The total amount for puts is $736,730 and for calls is $537,734. Whales have been targeting a price range from $60.0 to $94.38 for Rio Tinto over the last 3 months. The price of RIO is up 3.12% at $69.01, with RSI indicators suggesting it may be approaching overbought.

Portfolio Pulse from Benzinga Insights

July 13, 2023 | 8:16 pm

HIMS

Healthcare company Hims & Hers Health (NYSE:HIMS) is under scrutiny by short seller Spruce Point Capital, which has raised several red flags about the company's legal structure and business practices. Spruce Point questions the operations of Hims & Hers, suggesting potential legal and business repercussions. Despite the criticism, shares of Hims & Hers were up 5.31% to $9.12 on Thursday. The company's shares have risen 69% in the last year and 45% year-to-date in 2023.

Portfolio Pulse from Chris Katje

July 13, 2023 | 8:13 pm

ACAD

The correct ticker for Acadia Pharmaceuticals is 'ACAD', not 'ACA'.

Portfolio Pulse from Benzinga Newsdesk

July 13, 2023 | 8:11 pm

TESS

TESSCO Technologies Incorporated (NASDAQ:TESS) has received approval from its stockholders to merge with entities affiliated with Lee Equity Partners LLC and Twin Point Capital LLC, which also own Alliance Corporation and GetWireless, LLC. The merger is expected to close on July 17, 2023, after which TESSCO will become wholly owned by the entities, its common stock will cease trading on Nasdaq, and all outstanding shares will be converted into the right to receive the merger consideration of $9.00 per share.

Portfolio Pulse from Benzinga Newsdesk

July 13, 2023 | 8:09 pm

TEAM

A significant bearish stance has been taken on Atlassian (NASDAQ:TEAM) by a large investor, as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 41% bullish and 58% bearish. The price of TEAM is up 1.91% at $178.69, with the next earnings expected to be released in 21 days.

Portfolio Pulse from Benzinga Insights

July 13, 2023 | 8:05 pm