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Stock Prices

CSCO

Bank of America Securities analyst Tal Liani downgraded Cisco Systems Inc. (NASDAQ:CSCO) to Neutral from Buy at a price target of $56. The analyst expressed concern over high street estimates for CSCO's product revenue growth, which he believes are much higher than the historical range. Liani reduced the estimate for product revenue to $43.3 billion in 2024 and $42.8 billion in 2025, 2% and 6% below the Street consensus, respectively. CSCO shares are trading lower by 2.48% at $50.83.

Portfolio Pulse from Lekha Gupta

July 12, 2023 | 5:39 pm

BBIO

CVS

DXCM

GILD

HUM

ILMN

JNJ

LLY

RVNC

UNH

Benzinga's options activity scanner has identified significant options activity in the Health Care sector. The stocks involved are BBIO, LLY, HUM, GILD, UNH, DXCM, JNJ, CVS, ILMN, and RVNC. The options activity ranges from bearish to bullish and neutral sentiments, with varying expiration dates and strike prices.

Portfolio Pulse from Benzinga Insights

July 12, 2023 | 5:39 pm

AXL

CVNA

DUOL

LEN

MAR

MGM

MLCO

NKE

TSLA

XPOF

The article reports on the unusual options activity in the Consumer Discretionary sector. It mentions 10 US-listed companies: Tesla (TSLA), Carvana (CVNA), Melco Resorts & Entertainment (MLCO), Marriott International (MAR), Xponential Fitness (XPOF), Nike (NKE), American Axle & Manufacturing (AXL), MGM Resorts International (MGM), Duolingo (DUOL), and Lennar Corporation (LEN). The article provides details on the type of options activity (call or put), sentiment (bullish, bearish, or neutral), expiration date, strike price, total trade price, open interest, and volume for each company.

Portfolio Pulse from Benzinga Insights

July 12, 2023 | 5:39 pm

AAPL

AMD

MSFT

MSTR

NVDA

ORCL

PLTR

RIOT

TSM

Benzinga's options activity scanner has identified significant trading activity in the options of 10 information technology stocks. The stocks include Apple (AAPL), Nvidia (NVDA), Advanced Micro Devices (AMD), Microsoft (MSFT), C3.ai (AI), Palantir Technologies (PLTR), MicroStrategy (MSTR), Taiwan Semiconductor Manufacturing (TSM), Oracle (ORCL), and Riot Blockchain (RIOT). The majority of the options trades have a bullish sentiment, with the exception of RIOT, which has a bearish sentiment.

Portfolio Pulse from Benzinga Insights

July 12, 2023 | 5:39 pm

EVR

Evercore's stock price is trading higher following Morgan Stanley's decision to raise its price target from $128 to $153.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 5:38 pm

CJET

ELYS

LCID

MULN

During Wednesday's intraday session, several consumer discretionary stocks experienced significant movement. Chijet Motor Co, Elys Game Technology, Holley, Carvana, Harbor Custom Dev, and JX Luxventure saw their stocks increase by 27.8%, 27.59%, 21.59%, 17.58%, 13.23%, and 12.72% respectively. On the other hand, Mullen Automotive, Lucid Gr, Singing Machine Co, SunCar Technology Group, Forza X1, and Zapp Electric Vehicles saw their stocks decline by 22.0%, 12.26%, 11.36%, 9.07%, 8.81%, and 7.41% respectively.

Portfolio Pulse from Benzinga Insights

July 12, 2023 | 5:37 pm

ADIL

AVRO

BDRX

BKD

FRLN

GDTC

HCTI

NSPR

PTPI

RXRX

SILK

TTOO

During Wednesday's intraday session, several healthcare stocks experienced significant movements. Gainers included Healthcare Triangle (HCTI), Recursion Pharmaceuticals (RXRX), Petros Pharma (PTPI), Avrobio (AVRO), InspireMD (NSPR), and Freeline Therapeutics (FRLN). Losers included Silk Road Medical (SILK), CytoMed Therapeutics (GDTC), Adial Pharmaceuticals (ADIL), Biodexa Pharmaceuticals (BDRX), T2 Biosystems (TTOO), and Brookdale Senior Living (BKD).

Portfolio Pulse from Benzinga Insights

July 12, 2023 | 5:37 pm

AULT

KSCP

PIXY

SFWL

VIVK

During Wednesday's intraday session, several industrial stocks experienced significant movements. Ault Alliance, Knightscope, EHang Holdings, AERWINS Technologies, OceanPal, and Quad/Graphics saw their stocks rise by 52.7%, 21.54%, 21.48%, 20.95%, 15.41%, and 14.23% respectively. On the other hand, Shengfeng Development, ShiftPixy, Vivakor, LanzaTech Global, WANG & LEE Group, and Energous saw their stocks fall by 24.6%, 21.76%, 13.99%, 13.59%, 11.54%, and 10.79% respectively.

Portfolio Pulse from Benzinga Insights

July 12, 2023 | 5:37 pm

LAZ

Lazard's stock has been upgraded from Equal-Weight to Overweight by Morgan Stanley, which also raised its price target from $36 to $43. This has resulted in Lazard shares trading higher.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 5:37 pm

DAKT

GRRR

LPSN

UTME

During Wednesday's intraday session, several information technology stocks experienced significant movements. LivePerson (LPSN), Daktronics (DAKT), Rekor Systems (REKR), Aurora Innovation (AUR), Latch (LTCH), and Actelis Networks (ASNS) saw their shares rise, with LivePerson leading the gainers with a 27.6% increase. On the other hand, Gorilla Tech Gr (GRRR), UTime (UTME), Mobilicom (MOB), FOXO Technologies (FOXO), Taoping (TAOP), and Powerbridge Technologies (PBTS) saw their shares decline, with Gorilla Tech Gr leading the losers with a 19.2% decrease.

Portfolio Pulse from Benzinga Insights

July 12, 2023 | 5:37 pm