Streetbeat News

Stock Prices

ARKK

COIN

DNA

GOOGL

MARA

RIOT

TSLA

Cathie Wood's ARK ETFs saw a significant surge, with assets under management increasing by $600 million in a single day due to a rally in crypto-related and electric vehicle stocks. The ARK Innovation ETF (ARKK) gained 5.34% and saw its AUM rise by nearly $400 million. The surge was fueled by a court ruling in favor of Grayscale's Bitcoin ETF application and a 7% surge in Bitcoin's value. Crypto-related stocks such as Coinbase (COIN), Marathon Digital Holdings (MARA), and Riot Platforms (RIOT) saw double-digit gains. Tesla (TSLA), the largest holding within Wood's Ark funds, experienced a resurgence of 7.3%. Ginkgo Bioworks Holdings (DNA) surged over 24% following the announcement of a partnership with Google Cloud (GOOGL).

Portfolio Pulse from Piero Cingari

August 29, 2023 | 8:52 pm

MA

A significant bullish stance has been taken on Mastercard (NYSE:MA) by a large investor, as indicated by a large position in the company's options. The sentiment among these big-money traders is split between 52% bullish and 47% bearish. The price target for Mastercard over the last 3 months has been between $165.0 to $500.0. Several financial institutions have maintained their positive ratings on Mastercard, with price targets ranging from $435 to $510.

Portfolio Pulse from Benzinga Insights

August 29, 2023 | 8:46 pm

CMRA

Comera Life Sciences has filed a prospectus for the offer and resale of 27,863,058 shares of common stock by selling stockholders.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2023 | 8:44 pm

HPQ

HP Inc. reported better-than-expected Q3 results but issued FY23 EPS guidance below estimates, causing its shares to fall in after-hours trading. The company reported Q3 earnings of 86 cents per share, beating the estimate of 80 cents, and sales of $13.20 billion, beating the estimate of $12.39 billion. However, the company's FY23 EPS is estimated to be between $3.23 and $3.35, lower than the $3.37 estimate.

Portfolio Pulse from Ryan Gustafson

August 29, 2023 | 8:41 pm

HPE

Hewlett Packard's shares are trading lower following the release of their Q3 financial results and future guidance.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2023 | 8:37 pm

USO

The American Petroleum Institute (API) reported a weekly crude stock draw of 11.486 million barrels, significantly higher than the estimated 2.9 million barrels.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2023 | 8:35 pm

BTCUSD

GBTC

Grayscale Investments Bitcoin Trust (OTCPK: GBTC) surged 17% following a legal victory against the SEC, which could lead to the launch of the first spot-Bitcoin ETF in the U.S. The trust's performance resulted in a reduction of its price discount to its underlying Bitcoin holdings to under 17%. The news is seen as a significant milestone for the cryptocurrency industry. Other industry giants including Bitwise, VanEck, Invesco, Fidelity and Valkyrie are also awaiting approval for their ETF applications.

Portfolio Pulse from Piero Cingari

August 29, 2023 | 8:33 pm

AMBA

Ambarella Inc (NASDAQ:AMBA) reported Q2 results and issued weak guidance, causing its shares to trade lower in after-hours session. Q2 revenue was $62.12 million, slightly above estimates, and EPS was a loss of 15 cents, beating estimates for a loss of 21 cents. However, revenues were down 23% YoY and the company ended the quarter with $216.5 million of cash, down from $227.4 million sequentially. The company anticipates Q3 revenue of $50 million, significantly lower than estimates of $67.6 million.

Portfolio Pulse from Adam Eckert

August 29, 2023 | 8:32 pm

DAL

A significant investor has taken a bearish stance on Delta Air Lines (NYSE:DAL), with 71% of recent trades being bearish and 28% bullish. The total amount for put options is $1,202,911 and for call options is $327,850. The targeted price range for Delta Air Lines over the last 3 months is from $23.0 to $55.0. The current price of DAL is up 3.21% at $43.77.

Portfolio Pulse from Benzinga Insights

August 29, 2023 | 8:31 pm

ET

A significant bullish stance has been taken on Energy Transfer (NYSE:ET) as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 52% bullish and 47% bearish. Out of the special options, 6 are puts, for a total amount of $363,740, and 15 are calls, for a total amount of $851,815. Whales have been targeting a price range from $10.0 to $22.0 for Energy Transfer over the last 3 months.

Portfolio Pulse from Benzinga Insights

August 29, 2023 | 8:31 pm