Streetbeat News

Stock Prices

WDC

Western Digital shares are trading higher amid overall strength in tech stocks.

Portfolio Pulse from Benzinga Newsdesk

May 18, 2023 | 5:38 pm

NET

Cloudflare shares are trading higher without any company-specific news. The stock may be up due to overall market strength and rebounding after a sharp fall in April.

Portfolio Pulse from Benzinga Newsdesk

May 18, 2023 | 5:38 pm

RMBS

Rambus shares are trading higher after Jefferies upgraded the stock from Hold to Buy and raised its price target from $45 to $65.

Portfolio Pulse from Benzinga Newsdesk

May 18, 2023 | 5:37 pm

ERJ

Embraer SA and Azorra have signed a $635 million deal with Royal Jordanian Airlines for eight aircraft, including four E190-E2 and four E195-E2. Deliveries are expected to begin in Q4 2023.

Portfolio Pulse from Shivani Kumaresan

May 18, 2023 | 5:36 pm

NFLX

Netflix's stock surged on reports that its ad-supported subscription tier has nearly 5 million global monthly active users. The company disclosed the metrics during its 2023 Upfront Presentation, with executives calling the early signals promising. The ad-tier's user base could determine the price Netflix charges for ads on its service.

Portfolio Pulse from Aaron Bry

May 18, 2023 | 5:32 pm

SQ

A large bearish position on Block (NYSE:SQ) has been spotted, with 75% of big-money traders showing bearish sentiment. Whales have been targeting a price range of $32.5 to $160.0 for Block over the last 3 months. The stock is currently up 2.35% at $59.12.

Portfolio Pulse from Benzinga Insights

May 18, 2023 | 5:31 pm

CYXT

GSIT

LTCH

TIO

Information technology stocks experienced significant movement during Thursday's intraday session, with Latch, GSI Technology, Rubicon Technologies, Applied Digital, DatChat, and Duos Technologies Group among the gainers, while Tingo Group, SpringBig Holdings, Sobr Safe, Saverone 2014, Cyxtera Technologies, and TROOPS were among the losers.

Portfolio Pulse from Benzinga Insights

May 18, 2023 | 5:31 pm

LEN

A large bearish position on Lennar (NYSE:LEN) has been spotted on Benzinga's options scanner, with 11 uncommon options trades identified. The sentiment of these big-money traders is split between 45% bullish and 54% bearish, targeting a price range of $87.5 to $120 for Lennar over the last 3 months.

Portfolio Pulse from Benzinga Insights

May 18, 2023 | 5:30 pm

BHC

Bausch Health Companies shares are trading higher following the publication of a clinical study suggesting that OraPharma's ARESTIN(R) microspheres, 1mg may decrease certain pathogens in adults with periodontitis.

Portfolio Pulse from Benzinga Newsdesk

May 18, 2023 | 5:26 pm

GOOS

Canada Goose shares initially rose after the company's Q4 financial results but have since reversed and are now trading lower.

Portfolio Pulse from Benzinga Newsdesk

May 18, 2023 | 5:20 pm