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PSIL

Australia has become the first country to allow physicians to prescribe MDMA for PTSD and psilocybin for treatment-resistant depression. In the US, lawmakers are seeking to advance drug policy changes as part of the National Defense Authorization Act (NDAA), including medical cannabis access for military veterans. The American Medical Association (AMA) has published language concerning the recently-approved Current Procedural Terminology (CPT) III codes applying to psychedelic-assisted therapies. COMPASS Pathways secured up to $50 million in a new term loan facility with Hercules Capital. AdvisorShares Psychedelics ETF (NYSE:PSIL) opened Monday, July 10 at $2.03, improving from prior Monday 3’s opening at $1.89.

Portfolio Pulse from Lara Goldstein

July 11, 2023 | 3:25 pm

ALB

A significant bearish stance has been taken on Albemarle (NYSE:ALB) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is 80% bearish and 20% bullish. The targeted price range for Albemarle over the last 3 months is from $220.0 to $250.0. Keybanc has maintained their Overweight rating on Albemarle with a price target of $291, while Citigroup has downgraded its action to Buy with a price target of $260.

Portfolio Pulse from Benzinga Insights

July 11, 2023 | 3:24 pm

RGF

Real Good Food Company Inc (NASDAQ:RGF) is expanding its Global Entrees platform into the supermarket chain Publix, with the addition of two new flavors. The company's products can now be found in over 10,000 stores nationwide. RGF shares are trading higher by 0.22% at $4.57.

Portfolio Pulse from Shivani Kumaresan

July 11, 2023 | 3:21 pm

SMG

Truist Securities analyst Bill Chappell has upgraded Scotts Miracle-Gro Co (NYSE:SMG) from Hold to Buy, raising the price target from $65 to $80. Despite a 40% gain year to date, the shares are considered among the most oversold materials stocks. Chappell believes that the company, which has a 60% market share in North America, is poised to benefit from the post-pandemic reversion of the US Consumer segment. He also predicts that 2024 could be the best year ever for the lawn and garden category.

Portfolio Pulse from Priya Nigam

July 11, 2023 | 3:21 pm

PRFX

Shares of PainReform (PRFX) have been halted again on a circuit breaker to the downside, with the stock now down 100.0%.

Portfolio Pulse from Benzinga Newsdesk

July 11, 2023 | 3:21 pm

ETSY

Etsy's shares are trading higher after JMP Securities reiterated its Market Outperform rating and $130 price target on the stock.

Portfolio Pulse from Benzinga Newsdesk

July 11, 2023 | 3:21 pm

PRFX

Shares of PainReform (PRFX) were halted on a circuit breaker to the upside, with the stock now up 125.4%.

Portfolio Pulse from Benzinga Newsdesk

July 11, 2023 | 3:15 pm

HBI

HanesBrands Inc has appointed Scott Lewis as the Chief Financial Officer. Lewis, who has been serving as the interim CFO, will also continue in his role as Chief Accounting Officer. He brings over 25 years of financial leadership experience to the role. Following the announcement, HBI shares are trading higher by 484% at $4.74.

Portfolio Pulse from Shivani Kumaresan

July 11, 2023 | 3:15 pm

ATVI

A US judge has denied the Federal Trade Commission's (FTC) request for a preliminary injunction to stop Activision Blizzard's deal with Microsoft. This news has led to a rise in Activision Blizzard's share prices.

Portfolio Pulse from Benzinga Newsdesk

July 11, 2023 | 3:12 pm

CHWY

There has been a significant options activity on Chewy Inc. (CHWY) with a sweep of 2000 calls at $38 strike price expiring on Friday. This is against an open interest of 398. The company is expected to announce its earnings on August 29 after market close.

Portfolio Pulse from Charles Gross

July 11, 2023 | 3:10 pm