Streetbeat News

Stock Prices

PYPL

High-rolling investors have shown significant interest in PayPal Holdings (NASDAQ:PYPL) options, with a split sentiment of 50% bullish and 50% bearish. The major market movers are focusing on a price range between $62.5 and $80.0. Analysts have given mixed ratings, with an average price target of $78.6.

Portfolio Pulse from Benzinga Insights

August 13, 2024 | 3:47 pm

ASTI

Ascent Solar Technologies (NASDAQ:ASTI) announced a 1-for-100 reverse stock split effective August 15, 2024. This move aims to consolidate shares and potentially increase the stock price.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 3:46 pm

AILE

CLNE

LOAR

PACS

PLSE

SBUX

Loar Holdings Inc. (NYSE:LOAR) reported better-than-expected second-quarter earnings and sales, leading to an 18.2% increase in its stock price. Other notable gainers include iLearningEngines, Inc. (NASDAQ:AILE), Starbucks Corporation (NASDAQ:SBUX), PACS Group, Inc. (NYSE:PACS), Pulse Biosciences, Inc. (NASDAQ:PLSE), and Clean Energy Fuels Corp. (NASDAQ:CLNE), among others.

Portfolio Pulse from Avi Kapoor

August 13, 2024 | 3:44 pm

CGC

MSOS

TLRY

Roger Stone, a longtime ally of former President Donald Trump, believes that Trump's endorsement of a Florida marijuana legalization initiative would guarantee its victory. Trump has yet to take a definitive stance but has indicated he will make a statement soon. The initiative, Amendment 3, has mixed support and opposition, with significant financial backing on both sides. The measure would allow adults 21 and older to purchase and possess cannabis, potentially generating significant tax revenue for the state.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 3:43 pm

AMD

INTC

IVV

SPY

AMD has issued an alert about a critical vulnerability named 'SinkClose' affecting multiple generations of its processors, including EPYC, Ryzen, and Threadripper. The flaw allows attackers with Kernel-level privileges to escalate to System Management Mode, making it nearly impossible to detect or remove malware. AMD has rolled out mitigations for some CPUs and plans to release more fixes soon. Despite the vulnerability, AMD shares were trading higher by 2.64%.

Portfolio Pulse from Anusuya Lahiri

August 13, 2024 | 3:42 pm

CSCO

Cisco Systems Inc (NASDAQ:CSCO) is set to report its Q4 earnings with Wall Street expecting 85 cents in EPS and $13.54 billion in revenues. The stock is down 16.18% over the last year and 10.58% year-to-date, trading below key moving averages, indicating significant selling pressure. Technical indicators such as MACD, RSI, and Bollinger Bands suggest a continued bearish outlook. Despite this, analysts see a 17% upside with a consensus price target of $56.39.

Portfolio Pulse from Surbhi Jain

August 13, 2024 | 3:42 pm

ALAR

APP

APPS

ESTC

GFS

HPE

INSG

INTU

INTZ

IOT

LIF

LPSN

LWLG

MDB

NET

PGY

PLTR

PSTG

SLNH

SMCI

SMRT

SNOW

TROO

VRME

Shares of companies within the broader technology sector are trading higher amid overall market strength following softer-than-expected PPI figures.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 3:40 pm

CHWY

DASH

DKS

NKE

Shares of retail, e-commerce, and consumer discretionary stocks are trading higher due to softer-than-expected July PPI figures, which may alleviate inflation concerns and boost consumer sentiment.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 3:40 pm

UPC

Universe Pharmaceuticals shares have resumed trading.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 3:40 pm

GNS

Genius Group Limited (NYSE:GNS) has announced that its Board has approved the dual listing of its shares on the Frankfurt Stock Exchange. The company expects trading to begin within the next month, pending approval from the Frankfurt Stock Exchange.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 3:36 pm