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CSCO

Deep-pocketed investors have shown a bullish sentiment towards Cisco Systems (NASDAQ:CSCO), with a significant surge in options activity detected by Benzinga's options scanner. The activity includes 8 notable options trades, with 75% being bullish and 25% bearish. The trades target a price range of $45.0 to $60.0 for CSCO over the next 3 months. Currently, CSCO's stock is slightly down by -0.18%, trading at $50.04, with an anticipated earnings release in 2 days.

Portfolio Pulse from Benzinga Insights

February 12, 2024 | 3:30 pm

MU

Micron Technology (NASDAQ:MU) has significantly outperformed the market with an average annual return of 24.27% over the past 15 years, turning a $100 investment into $2,601.97 today. The company currently has a market capitalization of $94.36 billion.

Portfolio Pulse from Benzinga Insights

February 12, 2024 | 3:30 pm

MRNA

Over the past 5 years, Moderna (NASDAQ:MRNA) has outperformed the market with an annualized return of 19.91%, averaging 32.47% annually. An investment of $1000 in MRNA 5 years ago would now be worth $4,449.14. The company's current market capitalization stands at $33.36 billion.

Portfolio Pulse from Benzinga Insights

February 12, 2024 | 3:30 pm

WISH

ContextLogic Inc (NASDAQ:WISH) shares surged after announcing the sale of its Wish ecommerce platform assets to Qoo10 for approximately $173 million, a 44% premium to its closing stock price as of February 9, 2024. The deal, expected to close in Q2 2024, will leave ContextLogic with a debt-free balance sheet, $2.7 billion in NOL carryforwards, and certain retained assets. The proceeds will be used to monetize NOLs and explore financial sponsorships to realize tax asset values. The integration with Qoo10 aims to enhance the Wish platform's customer and merchant experience.

Portfolio Pulse from Lekha Gupta

February 12, 2024 | 3:18 pm

PATH

High-rolling investors have shown a bearish sentiment on UiPath (NYSE:PATH), with options data revealing a mix of bullish and bearish trades. Benzinga's tracking highlighted 15 significant options trades, with a sentiment split of 46% bullish and 53% bearish. The trading activity suggests a price target range of $15.0 to $32.0 for UiPath over the next three months. The largest trades included both bullish and bearish calls with varying strike prices and expiration dates. UiPath's current market status shows a 3.19% increase in stock price to $27.19, with an upcoming earnings announcement in 30 days.

Portfolio Pulse from Benzinga Insights

February 12, 2024 | 3:16 pm

NYCB

Investors and traders have shown increased interest in New York Community Bancorp Inc (NYSE:NYCB) through unusual options activity, indicating a mixed sentiment with a slight bullish lean. Benzinga's options scanner revealed 12 notable trades, with a split sentiment of 58% bullish and 41% bearish. The focus is on a price range of $1.0 to $7.0 for NYCB, based on trading volumes and open interest. The largest trades include both calls and puts, with significant amounts invested. NYCB's current market status shows a 3.27% price increase to $5.06, with a trading volume of 22,686,748 and an upcoming earnings announcement in 74 days.

Portfolio Pulse from Benzinga Insights

February 12, 2024 | 3:16 pm

STXUSD

Stacks (CRYPTO: STX) has seen a 6.18% increase in price over the last 24 hours, reaching $1.98. This is part of a larger trend, with a 28.0% gain over the past week from $1.5. The coin's all-time high is $3.39. Trading volume has surged 164.0% in the past week, while the circulating supply decreased by 0.15% to 1.44 billion, 79.15% of its max supply. Stacks's market cap is now ranked #37 at $2.84 billion.

Portfolio Pulse from Benzinga Insights

February 12, 2024 | 3:01 pm

BYD

Boyd Gaming (NYSE:BYD) has seen a decrease in short interest, with the current level at 2.85 million shares or 4.12% of the float, down 13.81% from the last report. It would take about 4.7 days to cover all short positions. This change in short interest could indicate a shift in market sentiment towards the stock. Boyd Gaming's short interest is higher than its peer group average of 3.70%.

Portfolio Pulse from Benzinga Insights

February 12, 2024 | 3:00 pm

TGT

Over the past 5 years, Target (NYSE:TGT) has outperformed the market with an annualized return of 15.63%, turning a $1000 investment into $2,067.92 today. Target's market capitalization stands at $68.92 billion.

Portfolio Pulse from Benzinga Insights

February 12, 2024 | 3:00 pm

AXON

Over the past 5 years, Axon Enterprise (NASDAQ:AXON) has significantly outperformed the market with an annualized return of 37.4%, turning a $1000 investment into $4,972.43 today. The company now has a market capitalization of $20.65 billion.

Portfolio Pulse from Benzinga Insights

February 12, 2024 | 3:00 pm