Streetbeat News

Assets

ANET

Arista Networks (NYSE:ANET) has seen a significant surge in options activity, with an unusual split of 50% bullish and 50% bearish sentiment among big-money traders. The options scanner revealed 16 uncommon trades, with a focus on a price band between $220.0 and $300.0. The largest trades include both puts and calls, with varying sentiments and strike prices. Arista Networks, a provider of networking equipment, has its stock price slightly up by 0.93% at $275.64, with an earnings announcement expected in 7 days. Market experts have issued positive ratings, with a consensus target price of approximately $297.67.

Portfolio Pulse from Benzinga Insights

February 05, 2024 | 3:31 pm

AVGO

Deep-pocketed investors are showing a bearish sentiment towards Broadcom (NASDAQ:AVGO), with a significant move detected by Benzinga's options scanner. The scanner revealed 38 unusual options activities, with a bearish majority of 63%. The focus is on a price band between $660.0 and $1480.0. Despite this, the current market status shows AVGO's price slightly down by -0.19% at $1222.0, with potential overbought signals. Analysts have recently downgraded their ratings but still maintain a target price around $1308.33.

Portfolio Pulse from Benzinga Insights

February 05, 2024 | 3:31 pm

UFPI

UFP Industries (NASDAQ:UFPI) has significantly outperformed the market in the last 5 years, with an annualized return of 30.05%, turning a $1000 investment into $3,674.55. The company's market capitalization stands at $7.12 billion.

Portfolio Pulse from Benzinga Insights

February 05, 2024 | 3:30 pm

IR

Ingersoll Rand (NYSE:IR) has significantly outperformed the market over the past 5 years, with an annualized return of 27.75%, turning a $1000 investment into $3,327.45 today. The company's market capitalization stands at $33.89 billion.

Portfolio Pulse from Benzinga Insights

February 05, 2024 | 3:30 pm

MARA

High-rolling investors have shown a bearish sentiment on Marathon Digital Holdings (NASDAQ:MARA), with options data revealing a split sentiment: 40% bullish and 60% bearish. The options trades indicate a price target range of $15.5 to $35.0 for MARA. The most significant options trades include both bearish and bullish calls with expiration dates ranging from February 2024 to April 2024. Marathon Digital Holdings, a company focused on mining digital assets, has seen its trading volume at 10,540,399 with a slight price decrease of -0.88%, currently at $18.04. An analyst from BTIG has upgraded the stock to Buy with a price target of $27.

Portfolio Pulse from Benzinga Insights

February 05, 2024 | 3:15 pm

CRWD

Significant bearish options activity has been detected in CrowdStrike Holdings (NASDAQ:CRWD) by Benzinga's options scanner, indicating that large investors might anticipate a movement in CRWD's stock price. The analysis of 20 unusual options trades shows a sentiment split with 40% bullish and 60% bearish, targeting a price range of $185.0 to $400.0 over the last 3 months. Notable trades include both calls and puts with varying strike prices and expiration dates, suggesting a complex view on the stock's future direction. CRWD's current market status shows a slight increase in stock price to $305.53, with potential overbought signals and upcoming earnings in 29 days.

Portfolio Pulse from Benzinga Insights

February 05, 2024 | 3:15 pm

BTCUSD

Technical analyst DonAlt predicts Bitcoin (BTC) is one resistance level away from a rally to $60,000, citing the $44,000-$45,000 range as the key hurdle. On-chain volume for Bitcoin reached its highest level since September 2022, indicating increased interest. Bitcoin is currently facing resistance at $44,000. The upcoming Bitcoin halving and recent inflows into digital asset investment products, predominantly in Bitcoin, support a bullish outlook.

Portfolio Pulse from Khyathi Dalal

February 05, 2024 | 3:08 pm

TIAUSD

Cryptocurrency Celestia (TIA) has seen a 3.27% increase in its price over the last 24 hours, reaching $17.87. This is part of a positive trend over the past week, with a 1.0% gain from $17.68. The coin's all-time high is $20.16. Trading volume has decreased by 14% over the past week, while the circulating supply has increased by 1.48% to over 162.30 million. Celestia's market cap ranking is now #34, at $2.91 billion.

Portfolio Pulse from Benzinga Insights

February 05, 2024 | 3:02 pm

OPUSD

Cryptocurrency Optimism (OP) experienced a 3.56% price increase over the past 24 hours, reaching $3.09. This marks a continuation of its positive trend, with a 1.0% gain over the past week from $3.08. The coin's all-time high is $4.23. Optimism's trading volume has risen by 3.0% over the past week, with its circulating supply increasing by 1.41% to 957.38 million, approximately 22.29% of its max supply of 4.29 billion. Currently, OP's market cap ranks #31 at $2.97 billion.

Portfolio Pulse from Benzinga Insights

February 05, 2024 | 3:02 pm

SPY

The CB Employment Trends Index for January was reported at 113.71, showing an increase from the previous month's figure of 112.91. This indicates a positive trend in employment, suggesting a strengthening job market.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 3:01 pm