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Stock Prices

ORCL

Oracle's stock has been upgraded from Neutral to Buy by UBS, with the price target raised from $120 to $140. This has resulted in Oracle shares trading higher.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2023 | 3:23 pm

TSLA

Tesla shares are trading higher due to overall market strength following a drop in Treasury yields from the release of new U.S. economic data.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2023 | 3:22 pm

BTCUSD

Matrixport, a crypto service provider, has expressed optimism toward Bitcoin (BTC) following its decline in August. The company sees potential in purchasing during this downturn but emphasizes the importance of a strict stop loss. Markus Thielen, Matrixport's chief of research and strategy, anticipates a 10% downturn by summer's end, which has now occurred. He believes that with the right risk management strategies, traders might consider a long position once more.

Portfolio Pulse from Murtuza Merchant

August 29, 2023 | 3:17 pm

CACO

Caravelle International Group has regained compliance with Nasdaq's filing requirements. The company had previously been at risk of being delisted due to non-compliance.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2023 | 3:15 pm

PSEC

Prospect Capital's (NYSE:PSEC) short percent of float has risen 32.26% since its last report, with 10.78 million shares sold short, representing 3.69% of all regular shares available for trading. This is higher than the peer group average of 3.32%. Short interest can act as an indicator of market sentiment towards a stock.

Portfolio Pulse from Benzinga Insights

August 29, 2023 | 3:15 pm

ACHR

Archer Aviation's (NYSE:ACHR) short percent of float has risen 38.07% since its last report, with 24.58 million shares sold short, which is 13.89% of all regular shares available for trading. It would take traders 2.23 days to cover their short positions on average. The company's short interest is higher than its peer group average of 5.29%.

Portfolio Pulse from Benzinga Insights

August 29, 2023 | 3:15 pm

GOOG

GOOGL

Alphabet shares are trading higher following announcements from the Google Cloud Next conference.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2023 | 3:15 pm

VRSK

Verisk Analytics's (NYSE:VRSK) short percent of float has fallen 8.47% since its last report, with 5.78 million shares sold short, which is 4.54% of all regular shares available for trading. It would take traders 6.09 days to cover their short positions on average. The company has more short interest than most of its peers, with an average of 3.02%.

Portfolio Pulse from Benzinga Insights

August 29, 2023 | 3:15 pm

BLK

COIN

GBTC

WT

A federal court has ordered the U.S. SEC to review its rejection of Grayscale Investments’ attempt to convert the Grayscale Bitcoin Trust (GBTC) into an ETF. The court stated that the SEC failed to adequately explain why it approved the listing of two bitcoin futures ETPs but not Grayscale’s proposed bitcoin ETP. This decision comes after several institutions, including BlackRock, WisdomTree, and Coinbase Global, filed applications for spot bitcoin ETFs.

Portfolio Pulse from Anusuya Lahiri

August 29, 2023 | 3:13 pm

CHS

Chico's FAS, Inc. reported Q2 revenue of $545.13 million, down 2.4% YoY, missing the Street view of $554.90 million. Adjusted EPS of $0.28 beat the estimate of $0.27. The company lowered the FY23 net sales outlook to $2.145 billion-$2.175 billion. Despite the mixed results, CHS shares are trading higher by 4.49%.

Portfolio Pulse from Nabaparna Bhattacharya

August 29, 2023 | 3:12 pm