Streetbeat News

Stock Prices

LMT

Lockheed Martin's (NYSE:LMT) short percent of float has risen 13.92% since its last report, with 1.93 million shares sold short, which is 0.9% of all regular shares available for trading. This increase in short interest can act as an indicator of market sentiment towards a particular stock. However, compared to its peers, Lockheed Martin has less short interest as a percentage of float, which is 3.22% on average.

Portfolio Pulse from Benzinga Insights

July 12, 2023 | 5:45 pm

BYND

Beyond Meat announced that its Beyond Steak product is expanding distribution to multiple chains, which has led to an increase in its share price.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 5:44 pm

SXTP

Shares of 60 Degrees Pharmaceuticals have started trading at $3.75.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 5:43 pm

SXTP

60 Degrees Pharmaceuticals shares are indicating a price of $3.75 on 38K shares.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 5:42 pm

NTES

Shares of NetEase Inc (NASDAQ:NTES) hit a new 52-week high, trading higher by 3.8% to $102.40. The rise is attributed to positive sentiment around Chinese stocks following meetings between Premier Li Qiang and tech company heads, and positive comments from China's NDRC on Alibaba Group and Tencent. Additionally, the end of China's regulatory overhaul on Ant Group also contributed to the positive sentiment.

Portfolio Pulse from Henry Khederian

July 12, 2023 | 5:41 pm

BABA

BILI

Shares of Bilibili Inc (BILI) are trading higher by 9.10% following positive developments in the Chinese tech sector. Premier Li Qiang's meeting with tech company heads and positive comments from China's NDRC on Alibaba Group (BABA) and Tencent have raised hopes of an end to the sector's crackdown. Additionally, China has ended its regulatory overhaul on Ant Group by imposing a penalty. The NDRC has also commended projects from ten internet giants, aiming to stimulate the economy and foster growth.

Portfolio Pulse from Henry Khederian

July 12, 2023 | 5:41 pm

BRP

CRD

ERIE

FANH

HALL

HGTY

HRTG

MCY

MRAI

OXBR

RELI

UIHC

During Wednesday's intraday session, several insurance stocks experienced significant movements. Gainers included Marpai (MRAI), Hallmark Financial Services (HALL), Mercury General (MCY), BRP Group (BRP), Heritage Insurance Holdings (HRTG), and Hagerty (HGTY). Losers included Oxbridge Re Holdings (OXBR), Crawford (CRD), Reliance Global Group (RELI), Erie Indemnity (ERIE), Fanhua (FANH), and United Insurance Holdings (UIHC).

Portfolio Pulse from Benzinga Insights

July 12, 2023 | 5:40 pm

CSCO

Bank of America Securities analyst Tal Liani downgraded Cisco Systems Inc. (NASDAQ:CSCO) to Neutral from Buy at a price target of $56. The analyst expressed concern over high street estimates for CSCO's product revenue growth, which he believes are much higher than the historical range. Liani reduced the estimate for product revenue to $43.3 billion in 2024 and $42.8 billion in 2025, 2% and 6% below the Street consensus, respectively. CSCO shares are trading lower by 2.48% at $50.83.

Portfolio Pulse from Lekha Gupta

July 12, 2023 | 5:39 pm

BBIO

CVS

DXCM

GILD

HUM

ILMN

JNJ

LLY

RVNC

UNH

Benzinga's options activity scanner has identified significant options activity in the Health Care sector. The stocks involved are BBIO, LLY, HUM, GILD, UNH, DXCM, JNJ, CVS, ILMN, and RVNC. The options activity ranges from bearish to bullish and neutral sentiments, with varying expiration dates and strike prices.

Portfolio Pulse from Benzinga Insights

July 12, 2023 | 5:39 pm

AXL

CVNA

DUOL

LEN

MAR

MGM

MLCO

NKE

TSLA

XPOF

The article reports on the unusual options activity in the Consumer Discretionary sector. It mentions 10 US-listed companies: Tesla (TSLA), Carvana (CVNA), Melco Resorts & Entertainment (MLCO), Marriott International (MAR), Xponential Fitness (XPOF), Nike (NKE), American Axle & Manufacturing (AXL), MGM Resorts International (MGM), Duolingo (DUOL), and Lennar Corporation (LEN). The article provides details on the type of options activity (call or put), sentiment (bullish, bearish, or neutral), expiration date, strike price, total trade price, open interest, and volume for each company.

Portfolio Pulse from Benzinga Insights

July 12, 2023 | 5:39 pm