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Shares of lithium companies are trading lower amid a drop in the price of the metal.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 4:45 pm

EDBL

Edible Garden AG Inc. (NASDAQ: EDBL) shares are trading higher after the company reported Q2 earnings. The company posted a quarterly loss of $1.21 per share and sales of $4.268 million, slightly below analyst estimates. However, the company saw a 157% increase in gross profit and significant growth in core product segments. The stock is up 12.3% following the report.

Portfolio Pulse from Erica Kollmann

August 14, 2024 | 4:43 pm

CORZ

Core Scientific, Inc. (NASDAQ:CORZ) shares are moving higher after the company increased its offering of convertible senior notes from $350 million to $400 million. The notes, maturing in 2029 with a 3.00% interest rate, will be used to repay loans, redeem senior secured notes, and for general corporate purposes.

Portfolio Pulse from Dylan Berman

August 14, 2024 | 4:33 pm

NNE

Nano Nuclear Energy Inc. (NASDAQ:NNE) shares are trading higher following an agreement with Rwanda to develop nuclear energy through mini-reactors. The company will provide technical assistance, training, and build small modular reactors (SMRs) and microreactors. Additionally, former U.S. congressman Daniel M. Donovan Jr. has been appointed to the executive advisory board.

Portfolio Pulse from Nabaparna Bhattacharya

August 14, 2024 | 4:32 pm

WPM

Wheaton Precious Metals (NYSE:WPM) has outperformed the market over the past 5 years with an average annual return of 16.46%, resulting in a $100 investment growing to $217.94. The company currently has a market capitalization of $26.32 billion.

Portfolio Pulse from Benzinga Insights

August 14, 2024 | 4:31 pm

ANF

Financial giants have made significant bullish moves on Abercrombie & Fitch (NYSE:ANF), with 69% of traders showing bullish tendencies in recent options trades. The stock is currently trading at $155.44, up by 1.22%, and has a consensus target price of $194.0. JP Morgan has upgraded its rating to Overweight with a revised price target of $194.0.

Portfolio Pulse from Benzinga Insights

August 14, 2024 | 4:30 pm

APP

Investors with significant capital are showing a bullish stance on AppLovin (NASDAQ:APP), as evidenced by recent options trading activity. Benzinga's options scanner detected 29 trades, with 62% being bullish. The price range targeted by these trades is between $60.0 and $125.0. The stock is currently up 5.5% at $84.18, with RSI indicators suggesting it may be overbought. Analysts have issued ratings with a consensus target price of $98.33.

Portfolio Pulse from Benzinga Insights

August 14, 2024 | 4:30 pm

AMD

Deep-pocketed investors have adopted a bearish approach towards Advanced Micro Devices (NASDAQ:AMD), as revealed by Benzinga's options scanner. The scanner highlighted 38 extraordinary options activities, with 50% of the sentiment being bearish. The total trade value of puts is $3,677,257, while calls amount to $1,067,529. Analysts have mixed ratings on AMD, with target prices ranging from $175 to $200.

Portfolio Pulse from Benzinga Insights

August 14, 2024 | 4:30 pm

SLRN

Acelyrin Inc. (NASDAQ: SLRN) announced a 33% workforce reduction and a strategic shift to prioritize the development of lonigutamab over izokibep. The company has $635.2 million in cash, extending its runway to mid-2027. Despite positive Phase 3 trial results for izokibep, Acelyrin seeks a partner for its further development. The stock price fell 17.4% following the announcement.

Portfolio Pulse from Vandana Singh

August 14, 2024 | 4:29 pm

CMG

Stephanie Link announced on CNBC that she has bought shares of Chipotle Mexican Grill (CMG).

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 4:28 pm