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Assets

GBTC

Bitcoin (BTC) surged to $50,300, driven by strong ETF inflows and increased institutional investment. Spot Bitcoin ETFs saw over $1.1 billion in net inflows, while Grayscale Bitcoin Trust (GBTC) and ProShares' futures-based ETF experienced outflows. Genesis' liquidation of $1.6 billion GBTC holdings could impact future ETF inflows and Bitcoin prices. Technical analysis suggests potential for further gains, with a key level at $84,500.

Portfolio Pulse from Murtuza Merchant

February 12, 2024 | 6:02 pm

PFE

Deep-pocketed investors have shown a bearish sentiment towards Pfizer (NYSE:PFE), with a significant move in options trading detected by Benzinga. The analysis of options activities suggests a price target window of $22.5 to $26.0 for Pfizer. Despite this bearish outlook, Pfizer's current stock price is $27.62, indicating a neutral position between overbought and oversold territories. Analysts have set an average price target of $45.0 for Pfizer, with Cantor Fitzgerald downgrading its action to Overweight.

Portfolio Pulse from Benzinga Insights

February 12, 2024 | 6:01 pm

MRVL

Marvell Tech (NASDAQ:MRVL) has seen significant options trading activity, with a bullish sentiment from big-money investors. Benzinga's options scanner revealed 53 unusual trades, with 56% bullish and 43% bearish sentiment. The trades suggest a target price range of $37.5 to $85.0. The volume and open interest in MRVL options have increased, with notable trades focusing on bullish call options. Marvell Tech's stock is up 4.29% at $71.78, with RSI indicators suggesting it may be approaching overbought territory. Analysts have set an average target price of $77.67, with varying ratings from Overweight to Outperform.

Portfolio Pulse from Benzinga Insights

February 12, 2024 | 6:01 pm

ACN

Over the past 5 years, Accenture (NYSE:ACN) has produced an average annual return of 18.37%, outperforming the market by 5.74% on an annualized basis. A $1000 investment in ACN 5 years ago would be worth $2,344.44 today, showcasing the impact of compounded returns on cash growth. Accenture's market capitalization currently stands at $230.14 billion.

Portfolio Pulse from Benzinga Insights

February 12, 2024 | 6:00 pm

MSTR

Over the past 20 years, MicroStrategy (NASDAQ:MSTR) has produced an average annual return of 13.08%, outperforming the market by 5.43% on an annualized basis. A $1000 investment in MSTR 20 years ago would be worth $11,300.27 today, showcasing the impact of compounded returns over time. MicroStrategy currently has a market capitalization of $10.98 billion.

Portfolio Pulse from Benzinga Insights

February 12, 2024 | 6:00 pm

ETH-USD

On Sunday, 5,933.58 Ether (ETH) worth approximately $15.48 million was burned, permanently removing it from circulation. This action is part of the Ethereum blockchain's EIP-1159 upgrade implemented on August 5, 2021, which introduced a variable base fee for transactions that is burned. The current issuance rate of new Ether is 4% annually, expected to drop to 0.5-1% with the Ethereum 2.0 upgrade, potentially making ETH a deflationary currency. The net annualized issuance rate for Ether was -5.53% yesterday.

Portfolio Pulse from Benzinga Insights

February 12, 2024 | 6:00 pm

BTCUSD

ETHUSD

SOLUSD

Raoul Pal predicts Bitcoin could reach $250,000, Ethereum could hit $15,000-$20,000, and Solana could rise to $750-$1,000 in the next 18 months due to currency debasement and the transformative potential of digital assets. He discussed these views with Anthony Scaramucci, highlighting the importance of cryptocurrencies in preserving wealth amidst global financial system issues.

Portfolio Pulse from Murtuza Merchant

February 12, 2024 | 5:49 pm

ALGN

AVTR

EYPT

GRFS

LLY

MRNA

NVO

PCRX

REGN

UNH

Today's session highlighted significant whale activity in the health care sector, focusing on options trading for stocks like MRNA, ALGN, AVTR, GRFS, EYPT, PCRX, UNH, NVO, REGN, and LLY. The trades varied in sentiment from bullish to bearish, with notable investments in both put and call options across various expiration dates and strike prices. This activity could indicate market expectations and potential movements in these stocks.

Portfolio Pulse from Benzinga Insights

February 12, 2024 | 5:35 pm

AMZN

CPNG

NIO

PLCE

TSLA

Today's session highlighted significant whale activity in the options market for 10 consumer discretionary stocks, indicating potential trading opportunities. Notable movements include bearish calls on TSLA and PLCE, bullish puts on CPNG and NIO, and bullish calls on LAZR, SONO, JWN, AMZN, and BBY. These activities suggest varying investor sentiments and potential market impacts.

Portfolio Pulse from Benzinga Insights

February 12, 2024 | 5:35 pm

AAPL

AMD

NVDA

PLTR

Today's session highlighted significant whale activity in the Information Technology sector, with notable options trading on stocks like AMD, NVDA, ARM, PLTR, MARA, SMCI, CLSK, AAPL, WULF, and IOT. The trades varied in sentiment from bullish to bearish, involving both call and put options with varying expiration dates and strike prices. This activity could indicate upcoming movements in these stocks, driven by large investors' strategies.

Portfolio Pulse from Benzinga Insights

February 12, 2024 | 5:35 pm