Streetbeat News

Assets

BSX

Deep-pocketed investors have shown a bearish sentiment towards Boston Scientific (NYSE:BSX), with options trading data revealing a significant shift. Benzinga's tracking highlighted 12 unusual options activities, with a bearish majority of 66% against 33% bullish. The trading targets a price range of $60.0 to $85.0 for BSX. Current trading volume is 4,094,550 with the stock price at $64.79. Analyst ratings in the last 30 days give an average price target of $69.8, with mixed reviews from RBC Capital, Oppenheimer, Citigroup, and Raymond James.

Portfolio Pulse from Benzinga Insights

February 07, 2024 | 8:16 pm

MOH

Molina Healthcare (NYSE:MOH) has delivered an average annual return of 22.81% over the past 5 years, outperforming the market by 10.13%. A $100 investment in MOH 5 years ago would now be worth $263.71. The company's current market capitalization stands at $20.82 billion.

Portfolio Pulse from Benzinga Insights

February 07, 2024 | 8:00 pm

NYCB

New York Community Bancorp Inc (NYSE:NYCB) experienced significant volatility, with shares dropping about 22% following a liquidity and deposit update, executive changes, and analyst downgrades. The company reported an increase in total deposits to $83 billion, total liquidity of $37.3 billion, and announced the appointment of Alessandro DiNello as executive chairman. Moody's downgraded the company's ratings to junk, and analysts from JPMorgan and BofA Securities downgraded the stock with lowered price targets. Additionally, NYCB is seeking financing for a portfolio of residential mortgages and faces a securities fraud lawsuit.

Portfolio Pulse from Adam Eckert

February 07, 2024 | 7:58 pm

LNG

Cheniere Energy (NYSE:LNG) has delivered an average annual return of 19.42% over the past 5 years, outperforming the market by 6.73% on an annualized basis. A $100 investment in LNG 5 years ago would be worth $244.61 today. The company's current market capitalization stands at $38.18 billion.

Portfolio Pulse from Benzinga Insights

February 07, 2024 | 7:30 pm

CE

Celanese (NYSE:CE) has delivered an average annual return of 18.9% over the past 15 years, outperforming the market by 6.27% on an annualized basis. With a current market capitalization of $16.10 billion, a $100 investment in CE 15 years ago would be worth $1,321.21 today.

Portfolio Pulse from Benzinga Insights

February 07, 2024 | 7:30 pm

PYPL

Altimeter CEO Brad Gerstner revealed that Altimeter owns a 'small stake' in PayPal, indicating a potential strategic interest or confidence in PayPal's future performance.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 7:18 pm

ETHUSD

MATICUSD

Donald Trump's cryptocurrency portfolio, including the MAGA coin (TRUMP), has surged 50% in value in two weeks, reaching $1.61 million. The rally is led by the TRUMP coin, which increased from $1.85 to $2.80. Other significant holdings include WETH, Ethereum (ETH), and Polygon (MATIC), contributing to over $2 million in profit. Despite Trump's skepticism towards cryptocurrencies, the MAGA coin's success and its potential impact on the 2024 presidential race are highlighted.

Portfolio Pulse from Khyathi Dalal

February 07, 2024 | 7:17 pm

UMBF

UMB Financial's (NYSE:UMBF) short interest has decreased by 11.88% since the last report, with 540 thousand shares sold short, representing 1.41% of its float. The current short interest suggests a more bullish sentiment among investors compared to its peer group average of 5.19% short interest as a percentage of float. The article highlights the importance of tracking short interest as an indicator of market sentiment.

Portfolio Pulse from Benzinga Insights

February 07, 2024 | 7:15 pm

ALGN

Align Technology, Inc. (NYSE:ALGN) has seen a decrease in short interest by 18.06% since its last report, with 1.60 million shares sold short, representing 2.36% of its float. The current short interest suggests a bullish sentiment as it is lower than the peer group average of 5.84%. The decrease in short interest indicates fewer traders are betting against the stock, potentially signaling a positive outlook among investors.

Portfolio Pulse from Benzinga Insights

February 07, 2024 | 7:15 pm

SHIBUSD

Despite a 6.7% loss in January, Shiba Inu (SHIB) shows signs of positive development with a surge in large transactions and steady adoption. The ecosystem awaits the Ryoshi network launch, expected to enhance SHIB's utility. The Shiba Inu community remains optimistic, with analysts predicting a price upswing amid increased trading volume and potential for future projects to adopt SHIB as their native token.

Portfolio Pulse from Khyathi Dalal

February 07, 2024 | 7:07 pm