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Stock Prices

APLS

ARTNA

GMBL

THTX

On Monday, 27 stocks hit new 52-week lows. The largest company by market cap to hit a new low was Apellis Pharmaceuticals (NASDAQ:APLS), while the smallest was Esports Entertainment (NASDAQ:GMBL). Theratechnologies (NASDAQ:THTX)'s stock came under the most pressure, trading down 252.48% to reach a new low. Artesian Resources (NASDAQ:ARTNA) shares bounced back the most, rising 0.04% after hitting a new low.

Portfolio Pulse from Benzinga Insights

July 31, 2023 | 6:56 pm

ACAX

ACHR

GDRX

SILC

UFAB

YELL

U.S. stocks were mixed with the Dow Jones and NASDAQ slightly up and the S&P 500 slightly down. Energy shares climbed by 2% while health care shares fell by 0.9%. Yellow Corporation shares shot up 91% after terminating its operations. GoodRx Holdings shares rose 38% after an upgrade from TD Cowen. Archer Aviation shares gained 43% after entering into contracts with the US Air Force. Unique Fabricating, Alset Capital Acquisition Corp., and Silicom Ltd. shares dropped after various events.

Portfolio Pulse from Lisa Levin

July 31, 2023 | 6:54 pm

CNHI

Oppenheimer analyst Kristen Owen reiterated an Outperform rating on CNI Industrial NV (NYSE:CNHI) but lowered the price target from $19 to $18. CNI reported Q2 revenue of $6.57 billion, beating the consensus estimate of $6.44 billion. The company reaffirmed FY23 guidance, including IA net sales growth of 8-11%. The analyst noted solid operating results, proactive inventory management, and potential for improved value capture from key megatrends.

Portfolio Pulse from Shivani Kumaresan

July 31, 2023 | 6:54 pm

SDC

Shares of SmileDirectClub (SDC) are trading higher, potentially due to high short interest.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 6:50 pm

SHOP

A significant amount of unusual options activity has been detected for Shopify (NYSE:SHOP), with 68% of investors opening trades with bullish expectations and 31% with bearish. Whales have been targeting a price range from $12.5 to $90.0 for Shopify over the last 3 months. The price of SHOP is currently up 1.82% at $67.24. Analysts from Evercore ISI Group and Morgan Stanley have downgraded their ratings to In-Line and Equal-Weight respectively, while Credit Suisse and Roth MKM have maintained their Neutral and Buy ratings.

Portfolio Pulse from Benzinga Insights

July 31, 2023 | 6:46 pm

PNC

A significant amount of unusual options activity has been observed for PNC Financial Services Group (NYSE:PNC), with a predominantly bearish sentiment. Whales have been targeting a price range from $115.0 to $150.0 for PNC over the last 3 months. The current price of PNC is $135.6, up 0.07%. Morgan Stanley maintains an Underweight rating on PNC with a price target of $144, while Credit Suisse maintains a Neutral rating with a price target of $135.

Portfolio Pulse from Benzinga Insights

July 31, 2023 | 6:46 pm

HUM

A significant bullish stance has been taken on Humana (NYSE:HUM) by a large investor or institution, as evidenced by unusual options activity. The sentiment among these big-money traders is 67% bullish and 32% bearish. The targeted price range for Humana over the last 3 months has been $360.0 to $520.0. Analysts from Mizuho, UBS, Wells Fargo, and Morgan Stanley maintain a Buy or Overweight rating on Humana, while JP Morgan has downgraded its action to Neutral.

Portfolio Pulse from Benzinga Insights

July 31, 2023 | 6:46 pm

COIN

Coinbase Global (NASDAQ:COIN) is facing technical issues, with users experiencing intermittent failures when logging in, initiating trades, and accessing the Earn page. The cause of these issues is unclear. This comes amid regulatory challenges from the U.S. Securities and Exchange Commission (SEC), which wants Coinbase to delist all cryptocurrencies except Bitcoin.

Portfolio Pulse from Jose Rodrigo Safdiye

July 31, 2023 | 6:37 pm

LYV

Taylor Swift's recent concerts at Lumen Field in Seattle, Washington, reportedly caused a minor earthquake, dubbed a 'Swift Quake', due to the large crowd noise and possibly sounds from the concert like bass and subwoofers. The high demand for Swift's concert tickets has been beneficial for Live Nation Entertainment (NYSE:LYV), Ticketmaster's parent company, which saw an increase in tickets sold and revenue in its recent quarter report.

Portfolio Pulse from Chris Katje

July 31, 2023 | 6:37 pm

BPT

PBR

XOM

Energy stocks are trading higher due to an increase in oil prices. The stocks mentioned include BPT, EC, PBR, and XOM.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 6:36 pm