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Stock Prices

RMCF

Rocky Mountain Chocolate Factory Inc. (NASDAQ:RMCF) shares surged by 13.2% to $1.72 after announcing a $2.2 million private placement. The company is issuing 1.25 million shares at $1.75 per share, a 15% premium over its previous closing price. The funds will be used for working capital and general corporate needs.

Portfolio Pulse from Henry Khederian

August 06, 2024 | 6:25 pm

GNS

Genius Group Ltd (NASDAQ:GNS) shares dropped by 26.8% to $0.12 after the company approved a 1-for-10 reverse stock split, effective August 16. The split aims to meet NYSE’s minimum price requirement. Adjustments will be made to equity awards and incentive plans, but the number of authorized shares and their par value will remain unchanged.

Portfolio Pulse from Henry Khederian

August 06, 2024 | 6:24 pm

AAPL

GOOG

GOOGL

A U.S. federal judge ruled that Alphabet Inc. (GOOG, GOOGL) illegally maintained monopolies in search and text advertising. This ruling could lead to a breakup of Alphabet, which analysts believe would boost its stock value. Needham analyst Laura Martin reiterated a Buy rating for Alphabet with a price target of $210, citing the potential benefits of a breakup, including higher investor appeal for pure-play assets, increased transparency, and reduced regulatory risks.

Portfolio Pulse from Nabaparna Bhattacharya

August 06, 2024 | 6:23 pm

WBD

House of the Dragon will span four seasons, with the third season starting production in early 2025. Warner Bros. Discovery Inc's HBO has confirmed the total number of seasons for the series. Fans should expect a similar wait between seasons as seen previously.

Portfolio Pulse from Franca Quarneti

August 06, 2024 | 6:20 pm

AHCO

AdaptHealth shares are trading lower after the company reported mixed Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 6:18 pm

CRWD

Piper Sandler analyst Rob D. Owens upgraded CrowdStrike Holdings, Inc (NASDAQ:CRWD) to Overweight from Neutral with a price target of $290, down from $310. Despite a recent outage, Owens believes CrowdStrike's resilience and cyber defense capabilities will drive long-term growth. The analyst expects short-term impacts from litigation and congressional testimony but sees these as negligible in cost. Owens forecasts moderated revenue and EPS for the next few fiscal years but suggests investors build positions at current levels.

Portfolio Pulse from Anusuya Lahiri

August 06, 2024 | 6:16 pm

HSY

Hershey's (NYSE:HSY) short interest has risen by 21.07%, with 4.71 million shares sold short, representing 3.62% of its float. This increase in short interest could indicate bearish sentiment, although Hershey's short interest is still below the peer group average of 4.46%.

Portfolio Pulse from Benzinga Insights

August 06, 2024 | 6:15 pm

SUM

Summit Materials (NYSE:SUM) has seen a 5.56% increase in its short percent of float, now at 4.18% of all regular shares available for trading. This is higher than the peer group average of 3.06%. It would take traders 4.93 days to cover their short positions on average.

Portfolio Pulse from Benzinga Insights

August 06, 2024 | 6:15 pm

ENTG

Entegris (NYSE:ENTG) has seen a 10.58% rise in its short percent of float, now at 3.24% of all regular shares available for trading. This indicates increased bearish sentiment, although it remains below the peer group average of 6.92%. It would take traders 3.93 days to cover their short positions.

Portfolio Pulse from Benzinga Insights

August 06, 2024 | 6:15 pm

CAT

DJIA

DYLG

Caterpillar, Inc. (NYSE:CAT) shares are trading higher after reporting second-quarter FY24 results. Goldman Sachs maintained a Buy rating with a $408 price target. Despite a 4% year-over-year decline in total sales and revenue, Caterpillar beat consensus estimates. Adjusted earnings were $5.99 per share, above the consensus of $5.54. The company anticipates slightly lower sales and revenues in 2024 compared to 2023. The analyst expects margin gains due to price increases, lower manufacturing costs, and reduced dealer inventory. Investors can gain exposure via Global X Funds Global X Dow 30 Covered Call ETF (NYSE:DJIA) and Global X Funds Global X Dow 30 Covered Call & Growth ETF (NYSE:DYLG).

Portfolio Pulse from Lekha Gupta

August 06, 2024 | 6:15 pm