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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

HCM

HUTCHMED's Savolitinib has been granted Breakthrough Therapy Designation in China, leading to a rise in the company's shares.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2023 | 3:02 pm

FEAM

5E Advanced Materials (NASDAQ:FEAM) is set to release its latest quarterly earnings report on August 30, 2023. Analysts estimate an earnings per share (EPS) of $-0.23. The company's past performance has generally resulted in negative price changes. Shares were trading at $2.62 as of August 28, with a 52-week decrease of 82.53%.

Portfolio Pulse from Benzinga Insights

August 29, 2023 | 3:01 pm

BAC

A significant bearish stance has been taken on Bank of America (BAC) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split, with 40% bullish and 60% bearish. The whales have been targeting a price range from $29.0 to $31.0 for BAC over the last 3 months. Analysts from Oppenheimer and Wells Fargo maintain their Outperform and Overweight ratings on BAC, respectively, with price targets of $49 and $40.

Portfolio Pulse from Benzinga Insights

August 29, 2023 | 3:01 pm

REX

REX American Resources (NYSE:REX) is set to release its latest quarterly earnings report on August 30, 2023. Analysts estimate an earnings per share (EPS) of $0.66. The company's past performance shows a pattern of beating EPS estimates but experiencing a drop in share price the following day. The company's shares were trading at $40.56 as of August 28, with a 33.04% increase over the last 52-week period.

Portfolio Pulse from Benzinga Insights

August 29, 2023 | 3:01 pm

NEM

Newmont (NYSE:NEM) has received mixed analyst ratings in the last quarter, with 2 bullish, 1 somewhat bullish, and 2 indifferent. The average 12-month price target for the company is $51.6, representing an 8.83% decrease from the previous average of $56.60.

Portfolio Pulse from Benzinga Insights

August 29, 2023 | 3:01 pm

BLRX

BioLine Rx (NASDAQ:BLRX) is set to release its latest quarterly earnings report on August 30, 2023. Analysts estimate an earnings per share (EPS) of $-0.11. The company's past performance shows a mixed trend of beating and missing EPS estimates, which has resulted in varied stock price changes. The stock is currently trading at $1.28, down 13.0% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

August 29, 2023 | 3:01 pm