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T

A significant amount of unusual options activity has been observed for AT&T (NYSE:T), with a split sentiment of 50% bullish and 50% bearish among big-money traders. The options trades have targeted a price range from $3.0 to $34.0 for AT&T over the last 3 months. HSBC has maintained their Buy rating on AT&T with a price target of $19, while MoffettNathanson upgraded its action to Market Perform with a price target of $17.

Portfolio Pulse from Benzinga Insights

June 29, 2023 | 6:49 pm

LCID

Lucid Group Inc's (LCID) shares are trading higher by 6.46% after the company announced a partnership with Aston Martin and the Saudi Public Investment Fund increased its stake in the company. The partnership with Aston Martin involves Lucid supplying its electric vehicle powertrain and battery systems in contracts worth over $450 million. Aston Martin will compensate through a combination of shares and phased cash payments.

Portfolio Pulse from Henry Khederian

June 29, 2023 | 6:49 pm

ANY

Shares of Sphere 3D Corp (NASDAQ:ANY) are down by 9.8% following the company's implementation of a 1-for-7 reverse stock split. The move, approved by shareholders on June 23, aims to increase the per share trading price and meet the minimum bid price requirement of $1.00 for continued listing on the Nasdaq Capital Market.

Portfolio Pulse from Henry Khederian

June 29, 2023 | 6:40 pm

AYI

BTAI

GNLN

IMNM

MOBQ

SGTX

WAVE

US stocks traded higher with the Dow Jones gaining more than 200 points. Acuity Brands reported better-than-expected earnings for its third quarter but missed the consensus on net sales. Sigilon Therapeutics shares shot up 505% after Eli Lilly agreed to acquire the company. Shares of Eco Wave Power Global and Immunome also rose after announcing a share repurchase program and a definitive merger agreement respectively. BioXcel Therapeutics, Greenlane Holdings, and Mobiquity Technologies shares dropped after releasing topline results from a Phase 3 trial, announcing a public offering, and reporting pricing of a public offering respectively.

Portfolio Pulse from Lisa Levin

June 29, 2023 | 6:32 pm

WST

West Pharmaceutical Servs (NYSE:WST) has outperformed the market over the past 20 years, producing an average annual return of 22.63%. If an investor had bought $1000 of WST stock 20 years ago, it would be worth $61,598.36 today.

Portfolio Pulse from Benzinga Insights

June 29, 2023 | 6:31 pm

WM

Waste Management (NYSE:WM) has outperformed the market over the past 10 years by 4.97% on an annualized basis, producing an average annual return of 15.45%. If an investor had bought $1000 of WM stock 10 years ago, it would be worth $4,184.16 today.

Portfolio Pulse from Benzinga Insights

June 29, 2023 | 6:30 pm

BLK

BTCUSD

COIN

Bitcoin (CRYPTO: BTC) is experiencing a resurgence, with meme coins such as Pepe coin (CRYPTO: PEPE), Dogecoin (CRYPTO: DOGE), and Shiba Inu (CRYPTO: SHIB) also seeing increases. This comes despite recent regulatory scrutiny from the SEC towards crypto platforms Coinbase (NASDAQ:COIN) and Binance (CRYPTO: BNB). One factor potentially influencing this upsurge is BlackRock's (NYSE:BLK) filing for a Bitcoin spot ETF, with Invesco and WisdomTree also submitting applications for their ETFs.

Portfolio Pulse from Murtuza Merchant

June 29, 2023 | 6:23 pm

MRCY

Mercury Systems Inc (NASDAQ:MRCY) has appointed David Farnsworth as CFO, effective July 17, 2023. Farnsworth was previously the CFO of HawkEye 360. The company also announced the appointment of Roger Krone as an independent director, effective June 28, 2023. MRCY shares are trading higher by 2.13% at $33.57.

Portfolio Pulse from Shivani Kumaresan

June 29, 2023 | 6:23 pm

SNOW

Shares of Snowflake Inc. are trading lower, pulling back after a strong performance on Wednesday.

Portfolio Pulse from Benzinga Newsdesk

June 29, 2023 | 6:19 pm

HON

Honeywell Intl Inc. (NASDAQ:HON) has seen its shares rise by 7.70% over the past three months. The company's total debt stands at $19.16 billion, with $14.67 billion in long-term debt and $4.49 billion in current debt. After adjusting for $6.87 billion in cash-equivalents, the net debt is $12.29 billion. The company's debt-ratio is 0.32, indicating a moderate level of financial leverage.

Portfolio Pulse from Benzinga Insights

June 29, 2023 | 6:17 pm