Streetbeat News

Stock Prices

AXP

A significant bearish stance has been taken on American Express (NYSE:AXP) as indicated by unusual options activity. The overall sentiment of these big-money traders is 85% bearish. Whales have been targeting a price range from $160.0 to $260.0 for American Express over the last 3 months. RBC Capital upgraded its action to Outperform with a price target of $200.

Portfolio Pulse from Benzinga Insights

September 27, 2023 | 4:46 pm

COP

ConocoPhillips shares are trading higher due to an increase in oil prices following a draw in US crude oil inventories.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 4:42 pm

SNAP

Snap Inc. is discontinuing its AR Enterprise operations, resulting in the loss of 170 jobs. The company found the additional investment required for the segment challenging. The advent of generative AI also made it difficult for Snap to differentiate its offering. However, Snap plans to focus more on its core advertising business and grow its Sponsored AR business on Snapchat. The company's shares are trading higher by 1.7% to $8.48.

Portfolio Pulse from Nabaparna Bhattacharya

September 27, 2023 | 4:41 pm

EOG

EOG Resources shares are trading higher after JP Morgan maintained an Overweight rating on the stock and raised its price target from $145 to $156. The rise is also supported by a gain in oil prices.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 4:38 pm

PXD

Pioneer Natural Resources' shares are trading higher due to an increase in oil prices following a draw in US crude oil inventories.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 4:36 pm

UBS

The Department of Justice (DOJ) is reportedly intensifying its investigation into UBS and Credit Suisse over alleged evasion of Russian sanctions. This news has led to a decrease in UBS's share price.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 4:34 pm

SYBX

Synlogic, Inc. (NASDAQ:SYBX) has announced a 1-for-15 reverse stock split of its common stock, effective from September 27, 2023. The move is primarily intended to bring the company into compliance with the minimum bid price requirement for maintaining its listing on The Nasdaq Capital Market. The number of outstanding common stock will be reduced from approximately 69.0 million shares to approximately 4.6 million shares.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 4:32 pm

MULN

Mullen Automotive (NASDAQ:MULN) CEO David Michery has provided an update to shareholders, highlighting the company's strong balance sheet and progress despite a challenging economic environment. The company has received EPA certification for Class 3 EV commercial vehicles, engaged Donohoe Advisory Associates to represent its interests in a Nasdaq hearing, and taken a firm stance against manipulative trading in its stock. Mullen has also received $279 million in purchase orders for its EV Vans and Trucks, started a $25 million stock buyback program, and launched its in-house fleet telematics solution.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 4:32 pm

OXY

Shares of Occidental Petroleum are trading higher due to an increase in oil prices following a draw in US crude oil inventories.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 4:31 pm

SNOW

Snowflake's (NYSE:SNOW) short percent of float has fallen 15.61% since its last report, indicating a decrease in bearish sentiment. The company has 9.29 million shares sold short, which is 2.92% of all regular shares available for trading. Compared to its peers, Snowflake has less short interest as a percentage of float, with an average of 5.55%.

Portfolio Pulse from Benzinga Insights

September 27, 2023 | 4:30 pm