Streetbeat News

Stock Prices

AMZN

A significant amount of unusual options activity has been detected for Amazon.com (NASDAQ:AMZN), with a mix of bullish and bearish stances. The majority of the trades are calls, with a total amount of $1,599,440, while puts amount to $489,127. The targeted price range for Amazon.com over the last 3 months is from $54.0 to $160.0. Analysts from B of A Securities and Roth MKM maintain a Buy rating on Amazon.com, while JP Morgan and Wells Fargo have downgraded their actions to Overweight.

Portfolio Pulse from Benzinga Insights

July 03, 2023 | 3:47 pm

UBER

A significant investor has taken a bearish stance on Uber Technologies (NYSE:UBER), with 52% of the investors opening trades with bearish expectations. Whales have been targeting a price range from $35.0 to $50.0 for Uber over the last 3 months. The price of UBER is up 0.39% at $43.34. Truist Securities maintains their Buy rating on Uber with a price target of $63, while Wedbush, Daiwa Capital, Mizuho, and Wells Fargo have downgraded their actions with price targets ranging from $46 to $55.

Portfolio Pulse from Benzinga Insights

July 03, 2023 | 3:47 pm

WWE

World Wrestling Entertainment, Inc. (NYSE:WWE) stock is experiencing a significant upward trend, retesting the $100 support level and showing positive momentum. The stock surged 4% on June 26th and is nearing its all-time high of $110. If it breaks this level, it could trigger a powerful bullish trend.

Portfolio Pulse from Zaheer Anwari

July 03, 2023 | 3:39 pm

MCHP

Microchip Technology Inc. (NASDAQ:MCHP) plans to invest $300 million over several years to expand its operations in India. The investment will be used to improve facilities in Bangalore, Chennai, and a new research and development center in Hyderabad. The company's shares are trading higher by 0.33% at $89.29.

Portfolio Pulse from Akanksha Bakshi

July 03, 2023 | 3:35 pm

SOFI

SoFi Technologies, Inc. (NASDAQ:SOFI) shares have gained over 45% in the last three months, driven by recent legislative and judicial developments. The stock has seen increased volatility following the recent debt ceiling deal and the U.S. Supreme Court ruling to block President Biden's plan to cancel $430 billion in student debt. Retail investors have shown interest in SOFI, and the stock is frequently listed in the top trending tickers on StockTwits and Twitter. SOFI also has considerable short interest with over 15% of available shares currently being sold short.

Portfolio Pulse from Erica Kollmann

July 03, 2023 | 3:35 pm

LHX

L3Harris Technologies Inc. is reportedly exploring a sale of its avionics business, which could fetch about $1 billion. The company is working with an adviser on the potential sale, which could attract interest from private equity firms and strategic buyers. No final decision has been made and L3Harris could opt to hold onto the business. The company's shares have fallen about 15% in the past year due to elevated material costs.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2023 | 3:32 pm

WBD

Warner Bros. Discovery's (NYSE:WBD) short percent of float has decreased by 9.16% since its last report, with 83.57 million shares sold short, representing 3.47% of all regular shares available for trading. This decrease in short interest could indicate a more bullish market sentiment towards the stock. However, it does not necessarily mean that the stock price will rise in the near term. Compared to its peers, Warner Bros. Discovery has less short interest, with the peer group average at 10.60%.

Portfolio Pulse from Benzinga Insights

July 03, 2023 | 3:31 pm

VRTX

Vertex Pharmaceuticals's (NYSE:VRTX) short percent of float has fallen 10.92% since its last report, with 2.73 million shares sold short, which is 1.06% of all regular shares available for trading. This decrease in short interest could signal a more bullish market sentiment towards the stock. Compared to its peers, Vertex has less short interest, with an average of 4.20% for its peer group.

Portfolio Pulse from Benzinga Insights

July 03, 2023 | 3:30 pm

VRSK

Verisk Analytics's (NYSE:VRSK) short percent of float has fallen 5.51% since its last report, with 8.71 million shares sold short, which is 6.86% of all regular shares available for trading. This decrease in short interest could signal a more bullish market sentiment towards the stock. However, Verisk Analytics's short interest as a percentage of float is higher than its peer group average of 3.18%.

Portfolio Pulse from Benzinga Insights

July 03, 2023 | 3:30 pm

XTNT

Xtant Medical Holdings, Inc. (AMEX:XTNT) has entered into a securities purchase agreement to sell shares of its common stock in a private placement for $15 million. The company plans to issue 20 million shares at $0.75 per share. The proceeds will be used for working capital and other general corporate purposes. The closing of the private placement is expected to occur on July 6, 2023. Xtant Medical expects full-year 2023 revenue of $73 million-$75 million, representing annual growth of approximately 26% to 29% compared to 2022.

Portfolio Pulse from Nabaparna Bhattacharya

July 03, 2023 | 3:30 pm