Streetbeat News

Stock Prices

PLTR

Palantir Technologies is planning to cut a significant number of jobs in its London office, as reported by Evening Standard. The decision comes after the company's recent direct listing on the NYSE.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2023 | 3:39 pm

PERI

Perion Network has responded to Spruce Point Capital Management's short report, stating that the company makes all required disclosures and takes all compliance measures. Perion remains focused on delivering value to clients and shareholders.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2023 | 3:39 pm

AZO

AutoZone reported Q3 FY23 sales growth of 5.8% YoY to $4.09 billion, missing the consensus of $4.12 billion. EPS was $34.12, beating the consensus of $31.42. Revenues missed estimates due to weaker-than-expected sales in March. The company's shares are trading lower by 5.26%.

Portfolio Pulse from Nabaparna Bhattacharya

May 23, 2023 | 3:37 pm

AVGO

A whale has taken a bearish stance on Broadcom (NASDAQ:AVGO), with 68% of detected unusual options trades being bearish. Whales have been targeting a price range of $310 to $740 for Broadcom over the last 3 months. B of A Securities maintains a Buy rating with an $800 price target.

Portfolio Pulse from Benzinga Insights

May 23, 2023 | 3:32 pm

AAPL

Unusual options activity has been observed for Apple (NASDAQ:AAPL) on May 23, with a bearish stance taken by a large investor. Benzinga's options scanner spotted 23 uncommon options trades, with 26% bullish and 73% bearish sentiment. Whales have been targeting a price range of $120 to $215 for Apple over the last 3 months.

Portfolio Pulse from Benzinga Insights

May 23, 2023 | 3:32 pm

ACB

CGC

TLRY

A Congressional committee has blocked GOP-led marijuana legalization and fentanyl contamination amendments from floor votes, according to a Marijuana Moment report. This decision may impact the stocks of several cannabis companies.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2023 | 3:31 pm

HD

A whale investor has taken a bullish stance on Home Depot (NYSE: HD), with 52% of detected trades showing bullish expectations and 47% bearish. Whales have been targeting a price range of $210 to $320 for Home Depot over the last 3 months. The stock is currently up 2.06% at $296.65, with RSI indicators suggesting it may be approaching overbought.

Portfolio Pulse from Benzinga Insights

May 23, 2023 | 3:31 pm

FXCOF

RIDE

Lordstown Motors Corp (NASDAQ:RIDE) announced a 1:15 reverse stock split on May 24 to avoid potential Nasdaq delisting and secure a $170-million funding lifeline from Foxconn Technology Co Ltd (OTC:FXCOF). The company has manufactured 56 units of its EV model, the Endurance, and delivered 18 to customers.

Portfolio Pulse from AJ Fabino

May 23, 2023 | 3:30 pm

TEAM

Atlassian (NASDAQ:TEAM) has outperformed the market over the past 5 years, producing an average annual return of 20.93%. A $1000 investment in TEAM 5 years ago would be worth $2,576.74 today.

Portfolio Pulse from Benzinga Insights

May 23, 2023 | 3:30 pm

SNPS

Synopsys (NASDAQ:SNPS) has outperformed the market over the past 15 years, producing an average annual return of 19.94%. A $100 investment in SNPS 15 years ago would be worth $1,548.10 today.

Portfolio Pulse from Benzinga Insights

May 23, 2023 | 3:30 pm