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STM

Jefferies has upgraded STMicroelectronics' stock from Underperform to Hold, leading to a rise in the company's shares.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 2:54 pm

PANW

Unusual options activity has been observed for Palo Alto Networks (NASDAQ:PANW), with a bearish stance taken by a large investor. The overall sentiment of these big-money traders is split between 37% bullish and 62% bearish. The price of PANW is down -3.14% at $242.38. Analysts from BTIG, Morgan Stanley, RBC Capital, JP Morgan, and Mizuho have maintained their ratings on PANW, with price targets ranging from $230 to $307.

Portfolio Pulse from Benzinga Insights

July 12, 2023 | 2:50 pm

C

A significant amount of unusual options activity has been observed for Citigroup (NYSE:C), with a bearish stance being taken by a majority of investors. The price range targeted by these investors over the last 3 months is between $40.0 and $57.5. The current price of Citigroup's stock is $47.91, up 2.97%. Analysts from Jefferies, Morgan Stanley, RBC Capital, and Wells Fargo have given varied ratings and price targets for the stock.

Portfolio Pulse from Benzinga Insights

July 12, 2023 | 2:50 pm

BAC

A large investor has taken a bearish stance on Bank of America (NYSE:BAC), as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 38% bullish and 61% bearish. The whales have been targeting a price range from $25.0 to $32.0 for Bank of America over the last 3 months. RBC Capital downgraded its action to Outperform with a price target of $35, while Morgan Stanley and Citigroup maintained their ratings with price targets of $33 and $31 respectively.

Portfolio Pulse from Benzinga Insights

July 12, 2023 | 2:50 pm

AZN

AstraZeneca's shares are trading higher following the approval of Enhertu in China for the treatment of HER2-low metastatic breast cancer.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 2:50 pm

AMD

TD Cowen has raised its price target on AMD shares from $115 to $135, leading to a rise in AMD's stock price.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 2:49 pm

SPCE

An option alert has been issued for Virgin Galactic Holdings (SPCE) for January 19 $6 calls at the ask price of $0.68. This is against an open interest of 10,578. The company is expected to release its earnings on August 3 after market close. The reference price is $3.87.

Portfolio Pulse from Charles Gross

July 12, 2023 | 2:48 pm

NVDA

NVIDIA is reportedly in talks to become an anchor investor in the upcoming Arm IPO, which has led to an increase in NVIDIA's share price.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 2:46 pm

BAK

J&F is reportedly offering Novonor BRL 10B in cash for a stake in Braskem. This news could potentially impact the share price of Braskem (BAK).

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 2:45 pm

LPSN

Shares of LivePerson Inc (NASDAQ:LPSN) are trading higher by over 30% following the announcement of the departure of CEO Robert LoCascio, effective December 31, 2023. The company is currently searching for a new CEO. LoCascio will also resign from the board, and Jill Layfield, the Lead Independent Director of the Board, will be appointed as the Board Chair.

Portfolio Pulse from Lekha Gupta

July 12, 2023 | 2:44 pm