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OCUL

Ocular Therapeutix shares are trading higher following comments and updates at Thursday's Investor Day event.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 3:38 pm

MSTR

MicroStrategy (NASDAQ:MSTR) has increased its convertible senior notes offering to $700 million from the previously planned $500 million. The notes, due in 2032, will be sold to institutional investors and bear an interest rate of 2.25% per annum. The company plans to use the proceeds primarily to acquire more Bitcoin and for general corporate purposes.

Portfolio Pulse from Murtuza Merchant

June 14, 2024 | 3:37 pm

ARKK

CLOU

SHOP

Shopify Inc (NYSE:SHOP) shares are trading higher after Evercore ISI analyst Mark Mahaney upgraded the stock to Outperform with a $75 price target. Mahaney cited the stock's 30% pullback, large Total Addressable Market, strong competitive position, and potential for increased profitability as key reasons. Shopify's strategic shift to social media marketing for international growth was also highlighted. SHOP shares are up 4.31% to $67.48.

Portfolio Pulse from Shivani Kumaresan

June 14, 2024 | 3:33 pm

TDW

Tidewater shares are trading lower after President and CEO Quintin Kneen sold roughly $38.51 million worth of shares.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 3:31 pm

FCNCA

First Citizens BancShares (NASDAQ:FCNCA) has outperformed the market over the past 15 years with an average annual return of 18.39%, significantly higher than the market average. A $100 investment in FCNCA 15 years ago would be worth $1,196.26 today.

Portfolio Pulse from Benzinga Insights

June 14, 2024 | 3:30 pm

NSIT

Insight Enterprises (NASDAQ:NSIT) has outperformed the market over the past 20 years with an average annual return of 13.07%, resulting in a significant growth of a $1000 investment to $11,741.05 today. The company currently has a market capitalization of $6.46 billion.

Portfolio Pulse from Benzinga Insights

June 14, 2024 | 3:30 pm

ADBE

SPY

Adobe shares rose due to strong guidance, while consumer sentiment came in below estimates. Additionally, the Supreme Court struck down the bump stock ban.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 3:29 pm

IBM

Recent options market activity for IBM (NYSE:IBM) indicates a bearish sentiment among big-money investors, with 37% of trades being bearish and 25% bullish. Significant trades include 4 puts totaling $242,399 and 4 calls totaling $120,238. The projected price targets range from $145 to $170. IBM's current stock price is $167.97, down by 0.68%. Analysts have mixed ratings with a consensus target price of $196.67.

Portfolio Pulse from Benzinga Insights

June 14, 2024 | 3:16 pm

CVNA

The options market for Carvana (NYSE:CVNA) shows a predominantly bearish sentiment among large investors, with 65% of trades being bearish. The price targets for these options range from $80 to $170. Despite the bearish sentiment, professional analysts maintain a positive outlook with an average target price of $150.

Portfolio Pulse from Benzinga Insights

June 14, 2024 | 3:16 pm

RARE

Ultragenyx Pharmaceutical shares are trading lower after the company priced a $350 million public offering of 7,435,898 shares at $39 per share and prefunded warrants.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 3:15 pm