Streetbeat News

Stock Prices

SPOT

A whale investor has taken a bullish stance on Spotify Technology (NYSE:SPOT), with 53% of investors opening trades with bullish expectations and 46% with bearish. The whale has been targeting a price range from $60.0 to $195.0 for Spotify over the last 3 months. The price of SPOT is currently down -0.91% at $144.1. Morgan Stanley and Wells Fargo have downgraded their action to Overweight with a price target of $185 and $250 respectively, while Rosenblatt and Benchmark maintain their Neutral and Buy ratings with a price target of $150 and $205 respectively.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 8:31 pm

ACGN

Aceragen, Inc. (NASDAQ:ACGN) has announced its intention to voluntarily delist from the Nasdaq Capital Market by filing a Form 25 with the SEC around August 15, 2023. This follows a special meeting on August 14, 2023, where the company will seek stockholder approval to transfer and assign most of its assets to an assignee for the benefit of creditors.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 8:31 pm

AAPL

AMZN

HOOD

PYPL

QCOM

SBUX

The S&P 500 dropped after Fitch Ratings downgraded the US government's credit rating from AAA to AA+. Treasury yields reached a nine-month high, causing investors to sell equity assets in favor of bonds. Apple's shares fell due to a drop in iPhone sales, while Amazon's shares climbed to a 12-month high after reporting strong Q2 profits. Robinhood, Qualcomm, and PayPal also saw a decrease in share prices, while Starbucks' shares rose due to increased sales in China. Next week, earnings reports from Lucid Group, Eli Lilly and Company, AMC Entertainment, Fox Corp, United Parcel Service, The Walt Disney Company, Sony Group, Alibaba Group, and Novo Nordisk will be closely watched.

Portfolio Pulse from Natan Ponieman

August 04, 2023 | 8:28 pm

COMPUSD

ETHUSD

MKRUSD

UNIUSD

A significant portion of trading activity has shifted from Ethereum (ETH) to Arbitrum (ARB), a Layer 2 scaling solution, according to a report by Glassnode Insights. This trend is evident in the distribution of Uniswap (UNI) trade volume. In March, Arbitrum attracted up to 32% of the total trade volume. The report also highlights the performance of DeFi tokens, particularly Maker (MKR) and Compound (COMP), which have shown significant out-performance in recent weeks.

Portfolio Pulse from Murtuza Merchant

August 04, 2023 | 8:25 pm

PAC

Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) reported an 11.5% increase in passenger traffic in July 2023 compared to the same period in 2022. The company's 12 Mexican airports saw a 11.1% increase in terminal passengers, with significant increases in Guadalajara, Los Cabos, Tijuana, Puerto Vallarta, and Montego Bay.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 8:21 pm

DASH

A significant bearish stance has been taken on DoorDash (NYSE:DASH) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is 20% bullish and 80% bearish. The whales have been targeting a price range from $68.0 to $110.0 for DoorDash over the last 3 months. The current price of DASH is down -2.18% at $83.6. Several financial institutions have maintained their ratings on DoorDash, with price targets ranging from $88 to $125.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 8:15 pm

BX

Unusual options activity has been observed for Blackstone (NYSE:BX), with a large position indicating a bullish stance. The sentiment among these big-money traders is split between 63% bullish and 36% bearish. The targeted price range for Blackstone over the last 3 months is from $82.5 to $106.0. The current price of BX is up 0.12% at $102.73. Analysts from Barclays, Goldman Sachs, Wells Fargo, JP Morgan, and Piper Sandler have maintained their ratings on Blackstone, with price targets ranging from $101 to $118.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 8:15 pm

CPRT

Copart, Inc. (NASDAQ:CPRT) has announced a two-for-one split of its common stock, which will increase the number of shares outstanding from approximately 480.0 million to 960.0 million. The additional shares will be distributed after trading on August 21, 2023, to stockholders of record on August 14, 2023. Adjustments will be made to shares under Copart's equity incentive plans and the number of shares authorized for repurchase under its share repurchase program.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 8:14 pm

W

Truist Securities analyst Youssef Squali maintains a 'Buy' rating on Wayfair (NYSE:W) and has raised the price target from $56 to $96.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 8:13 pm

RDHL

Redhill Biopharma Ltd has filed for a stock shelf of up to about 2 million American Depositary Shares (ADS) by selling shareholders, according to a SEC filing.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 8:13 pm