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SIRI

Investors have taken a bearish position in Sirius XM Holdings (NASDAQ:SIRI), with 81% of recent options trades being puts. This suggests potential foreknowledge of upcoming events. The stock is currently trading at $3.98, up 4.87%, but RSI indicators show it may be overbought. Analysts have mixed ratings with a consensus target price of $3.825.

Portfolio Pulse from Benzinga Insights

July 24, 2024 | 2:16 pm

QCOM

Investors with significant capital have taken a predominantly bearish stance on Qualcomm (NASDAQ:QCOM) through options trading. Benzinga's options scanner identified 9 unusual trades, with 55% being bearish. The trades suggest a price target range of $177.5 to $200.0 for QCOM over the next three months. Analysts have mixed ratings, with price targets ranging from $200 to $250.

Portfolio Pulse from Benzinga Insights

July 24, 2024 | 2:16 pm

COIN

Recent unusual options activity for Coinbase Glb (NASDAQ:COIN) has been observed, with a significant amount of bullish trades. The options scanner detected 22 uncommon trades, with 18 calls and 4 puts. Analysts have mixed ratings, with price targets ranging from $196 to $345. The stock is currently down 2.48% at $251.23.

Portfolio Pulse from Benzinga Insights

July 24, 2024 | 2:16 pm

ABBV

AbbVie Inc (NYSE:ABBV) is set to report its Q2 earnings with Wall Street expecting $2.96 EPS and $14 billion in revenues. Investors are keen on the impact of Humira's patent expiry and the performance of its replacements under new CEO Robert A. Michael. The stock shows a bullish trend, trading above key moving averages, with a consensus analyst rating of 'Overweight' and a price target of $173, potentially rising to $203.33.

Portfolio Pulse from Surbhi Jain

July 24, 2024 | 2:16 pm

DRMA

Dermata Therapeutics shares were halted on a circuit breaker due to a sharp decline but have since surged, now up 139.2%.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 2:13 pm

BHC

Bausch Health shares fell 21% as traders circulated a blog report suggesting the company is negotiating a potential prepackaged Chapter 11 bankruptcy with cooperative creditors to address its balance sheet issues.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 2:12 pm

AAPL

AMZN

SPOT

Spotify Technologies S.A. (NYSE:SPOT) reported strong Q2 results with significant revenue growth, improved margins, and increased premium subscribers. However, it still lags behind Apple Inc (NASDAQ:AAPL) and Amazon.com Inc (NASDAQ:AMZN) in offering high-resolution audio. Spotify's turnaround strategy, including cost savings and new offerings, is showing positive results.

Portfolio Pulse from Upwallstreet

July 24, 2024 | 2:11 pm

OS

Trading halt status was updated at 10:10:00 AM ET for an IPO security, which has now been released for quotation.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 2:10 pm

MAT

Mattel shares are trading higher after the company reported better-than-expected Q2 adjusted EPS results.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 2:09 pm

PRTS

CarParts.com has opened a new state-of-the-art fulfillment center in Las Vegas, which doubles its footprint and aims to enhance operational efficiency and customer experience.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 2:07 pm