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Stock Prices

ALVO

Alvotech shares are trading higher after the company reported a year-over-year increase in H1 financial results. The stock initially traded lower, but it has since reversed.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 2:28 pm

LOT

Lotus Technology shares are trading higher after the company announced that Lotus Robotics provided intelligent driving solutions to Lynk&Co.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 2:27 pm

RKLB

Rocket Lab shares are trading higher after the company announced that it packed and shipped two Mars-bound spacecraft to Cape Canaveral, FL in preparation for launch.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 2:26 pm

CLBT

Cellebrite DI shares are trading higher after multiple firms raised their respective price targets on the stock.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 2:25 pm

ACB

CGC

CWBHF

TLRY

The industrial hemp market is projected to grow by $13.90 billion from 2024 to 2028, driven by rising demand across various industries, particularly textiles. Major companies like Aurora Cannabis Inc. (NASDAQ:ACB), Canopy Growth Corp. (NASDAQ:CGC), Tilray Brands Inc. (NASDAQ:TLRY), and Charlottes Web Holdings Inc. (OTC:CWBHF) are involved in the hemp sector. The market's growth is fueled by hemp's versatility and sustainability, making it a promising investment opportunity.

Portfolio Pulse from Rolando García

August 16, 2024 | 2:18 pm

AMZN

Financial giants have shown a bearish sentiment towards Amazon.com (NASDAQ:AMZN) with 57% of unusual options trades being bearish. The major market movers are focusing on a price range between $120.0 and $205.0. Analysts have mixed ratings, with an average target price of $223.2.

Portfolio Pulse from Benzinga Insights

August 16, 2024 | 2:18 pm

PLTR

High-rolling investors have shown a bearish sentiment towards Palantir Technologies (NYSE:PLTR) through significant options trades. Benzinga's options scanner identified 9 trades, with 55% being bearish. The stock is currently trading at $31.91, up by 2.19%, but analysts have mixed ratings with an average target price of $25.6.

Portfolio Pulse from Benzinga Insights

August 16, 2024 | 2:18 pm

TSM

Deep-pocketed investors have shown unusual options activity for Taiwan Semiconductor (NYSE:TSM), with a bearish sentiment prevailing. Benzinga's options scanner highlighted 20 significant options activities, with 60% of the sentiment being bearish. The price window eyed by these investors ranges from $135.0 to $220.0. The current trading volume is 1,666,130, with the stock price down by -0.26% to $173.5. Analysts have mixed ratings, with a consensus target price of $236.67.

Portfolio Pulse from Benzinga Insights

August 16, 2024 | 2:18 pm

BTCUSD

Veteran crypto analyst Bob Loukas has expressed uncertainty about Bitcoin's short-term prospects, describing the market as 'murky' with forces pulling in different directions. Despite this, he remains optimistic about Bitcoin's long-term potential, suggesting significant price action may not occur until mid-September or even December. Loukas believes Bitcoin is in a 'massive accumulation zone' and sees no reason to doubt a high in mid/late 2025. He also dismissed concerns about the U.S. election's impact on Bitcoin.

Portfolio Pulse from Ivan Crnogatić

August 16, 2024 | 2:18 pm

FXI

GLD

China's central bank has issued gold import quotas to several banks after a temporary pause, according to Reuters. This move is expected to impact the gold market and related financial sectors.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 2:15 pm