Streetbeat News

Stock Prices

AMGN

Amgen's (NASDAQ:AMGN) short percent of float has fallen 4.93% since its last report, indicating a more bullish sentiment towards the stock. The company has 7.20 million shares sold short, which is 1.35% of all regular shares available for trading. Compared to its peers, Amgen has less short interest as a percentage of float, with an average of 4.18%.

Portfolio Pulse from Benzinga Insights

June 28, 2023 | 7:45 pm

AMD

Advanced Micro Devices's (NASDAQ:AMD) short percent of float has risen 18.18% since its last report, with 39.53 million shares sold short, which is 2.47% of all regular shares available for trading. It would take traders 0.6 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. AMD's peer group average for short interest as a percentage of float is 4.74%, which means the company has less short interest than most of its peers.

Portfolio Pulse from Benzinga Insights

June 28, 2023 | 7:45 pm

AMAT

Applied Mat's (NASDAQ:AMAT) short percent of float has risen 29.55% since its last report, with 14.34 million shares sold short, which is 1.71% of all regular shares available for trading. It would take traders 2.4 days to cover their short positions on average. The company's short interest is less than its peer group average of 6.80%.

Portfolio Pulse from Benzinga Insights

June 28, 2023 | 7:45 pm

UPS

A significant investor has taken a bearish stance on United Parcel Service (NYSE:UPS), with 69% of recent trades being bearish. The price target for UPS over the last 3 months has been between $170.0 and $210.0. Barclays has maintained their Equal-Weight rating on UPS with a price target of $172, while Atlantic Equities downgraded its action to Neutral with a price target of $162. The current price of UPS is $175.94, up 0.72%.

Portfolio Pulse from Benzinga Insights

June 28, 2023 | 7:36 pm

RCL

Royal Caribbean Cruises Ltd (RCL) shares are trading higher by 2.25% amid broader strength in cruise stocks. This follows Carnival Corporation's Q2 financial results, which exceeded analyst expectations. Carnival's adjusted FY23 EBITDA is projected to surpass the previously guided range, despite an estimated unfavorable impact from fuel price and currency. RCL has a 52-week high of $105.21 and a 52-week low of $31.09.

Portfolio Pulse from Henry Khederian

June 28, 2023 | 7:31 pm

RMD

ResMed (NYSE:RMD) has outperformed the market over the past 15 years, producing an average annual return of 17.38%. If an investor had bought $1000 of RMD stock 15 years ago, it would be worth $11,279.75 today. The company currently has a market capitalization of $31.55 billion.

Portfolio Pulse from Benzinga Insights

June 28, 2023 | 7:30 pm

RACE

Ferrari (NYSE:RACE) has outperformed the market over the past 5 years by 8.84% on an annualized basis, producing an average annual return of 18.8%. If an investor had bought $100 of RACE stock 5 years ago, it would be worth $234.65 today.

Portfolio Pulse from Benzinga Insights

June 28, 2023 | 7:30 pm

TIGO

Millicom International Cellular has announced slower service revenue growth compared to Q1 and expects lower than previously anticipated cumulative equity free cash flow for the three years up to and including 2024. This has led to a decrease in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2023 | 7:23 pm

IONQ

IonQ, Inc. (NYSE:IONQ) shares are trading higher with above-average volume, adding to strong gains for the week. This surge comes after Needham analyst Quinn Bolton maintained a Buy rating and raised the price target from $9 to $11. Bolton expressed confidence in IonQ's QC technology and its ability to deliver on its roadmap, citing a transaction with QuantumBasel as evidence. IonQ shares are up more than 45% over the last week.

Portfolio Pulse from Ryan Gustafson

June 28, 2023 | 7:21 pm

ODFL

A significant bearish stance has been taken on Old Dominion Freight Line (NASDAQ:ODFL) by a large investor, as observed from the options history. The overall sentiment of these big-money traders is 80% bearish and 20% bullish. The whales have been targeting a price range from $310.0 to $380.0 for ODFL over the last 3 months. The current price of ODFL is up 2.84% at $369.46. Analysts have mixed opinions with Stephens & Co. and B of A Securities being bullish while Susquehanna and Jefferies are neutral to bearish.

Portfolio Pulse from Benzinga Insights

June 28, 2023 | 7:16 pm