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PACW

PacWest Bancorp's stock is surging due to the bank entering into a loan purchase and sale agreement with a subsidiary of Kennedy-Wilson Holdings. The deal involves selling a portfolio of 74 real estate construction loans with a principal balance of $2.6 billion and six additional loans with a balance of $363 million.

Portfolio Pulse from Adam Eckert

May 23, 2023 | 3:22 pm

BABA

Alibaba's shares are trading lower after a report indicated that the company's cloud unit plans to cut 7% of its staff.

Portfolio Pulse from Bill Haddad

May 23, 2023 | 3:20 pm

RAIN

Rain Oncology's Phase 3 MANTRA study of milademetan in dedifferentiated liposarcoma (DDLPS) failed to show statistically significant results, leading to a halt in studies for its lead candidate. Analysts have reevaluated their views on the company, with several downgrading their ratings and price targets.

Portfolio Pulse from Priya Nigam

May 23, 2023 | 3:19 pm

F

TSLA

WKSP

Ford unveiled its strategy to ramp up EV production and catch up to Tesla, while Worksport moves closer to production of its solar-powered technology for electric pickups. Tesla's Cybertruck is set to begin deliveries later this year.

Portfolio Pulse from Upwallstreet

May 23, 2023 | 3:18 pm

BAC

Unusual options activity has been observed for Bank of America (NYSE:BAC) with 12 options trades spotted, 75% of which are bearish. Whales have been targeting a price range of $25.0 to $28.0 for BAC over the last 3 months. Evercore ISI Group maintains an Outperform rating with a price target of $35.

Portfolio Pulse from Benzinga Insights

May 23, 2023 | 3:16 pm

CMG

A whale investor has taken a bearish stance on Chipotle Mexican Grill (NYSE:CMG), with 67% of detected trades being bearish and 32% bullish. Whales have been targeting a price range of $1,600 to $3,000 for CMG over the last 3 months. The stock is currently down 0.6% at $2,089.35, and RSI indicators suggest it may be overbought.

Portfolio Pulse from Benzinga Insights

May 23, 2023 | 3:16 pm

LULU

Unusual options activity has been observed in Lululemon Athletica (NASDAQ:LULU), with a bearish stance taken by a large investor. Benzinga's options scanner spotted 13 uncommon options trades, with 46% bullish and 53% bearish sentiment. Whales have been targeting a price range of $330 to $450 for LULU over the last 3 months.

Portfolio Pulse from Benzinga Insights

May 23, 2023 | 3:16 pm

KW

PACW

PacWest Bancorp's shares are trading higher after announcing a loan purchase and sale agreement with a subsidiary of Kennedy-Wilson Holdings to sell a portfolio of 74 real estate construction loans.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2023 | 3:14 pm

DY

Dycom Industries (NYSE:DY) is set to release its latest quarterly earnings report on May 24, 2023. Analysts estimate an EPS of $0.69. Last quarter, the company beat EPS by $0.70, resulting in a 2.0% increase in share price the next day. Shares are currently trading at $100.81 and have risen 7.47% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

May 23, 2023 | 3:13 pm

BJ

BJ's Wholesale Club reported worse-than-expected Q1 sales results, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2023 | 3:13 pm