Streetbeat News

Assets

LUNA

Terraform Labs co-founder Do Kwon is under renewed scrutiny due to possible undisclosed interactions with Jump Crypto President Kanav Kariya. Amid the aftermath of TerraUSD's $40 billion financial implosion, Kariya is now involved in SEC investigations over alleged private agreements with Kwon. The SEC is examining whether Jump engaged in influencing UST's price and AnchorUST for purported advantages in May 2021. This news has cast a renewed focus on the scrutiny surrounding LUNA and UST, the digital assets at the heart of the crisis.

Portfolio Pulse from Khyathi Dalal

November 09, 2023 | 9:27 pm

GRPN

Groupon (GRPN) plans to raise approximately $100 million through a fully backstopped equity rights offering and non-core asset sales.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 9:17 pm

COIN

FTTUSD

XRPUSD

Ripple (XRP) is ready to take its legal battle with the Securities and Exchange Commission (SEC) to the Supreme Court. The SEC and Ripple have been in a legal dispute since 2020 over whether the XRP digital token should be registered as a security. The SEC recently requested the judge to drop parts of its litigation directly against Ripple co-founder Christian Larsen and CEO Brad Garlinghouse. The SEC is also involved in litigation with other crypto giants, including Coinbase Global Inc. (COIN).

Portfolio Pulse from Murtuza Merchant

November 09, 2023 | 9:15 pm

MSFT

Microsoft (NASDAQ:MSFT) has outperformed the market over the past 5 years by 17.78% on an annualized basis, producing an average annual return of 27.54%. If an investor had bought $1000 of MSFT stock 5 years ago, it would be worth $3,377.02 today.

Portfolio Pulse from Benzinga Insights

November 09, 2023 | 9:01 pm

BLK

BTCUSD

The value of Bitcoin (CRYPTO: BTC) and its potential for a price surge is being debated, with upcoming crypto catalysts such as the Bitcoin Halving and the potential approval of a spot Bitcoin ETF by the SEC. Blockchain technology, which underpins Bitcoin and other cryptocurrencies, is also being discussed for its potential use cases, including tokenization. Industry leaders including BlackRock, DTCC, OCC, State Street, Société Générale, Hedera, Citi, BMO, Northern Trust, Citibank, Amazon, S&P Global, Google, Invesco, and Moody’s will join the Future of Digital Assets conference on Nov. 14.

Portfolio Pulse from Tanzeel Akhtar

November 09, 2023 | 8:57 pm

GWW

Financial giants have made a bearish move on W.W. Grainger (NYSE:GWW), with 70% of traders showing bearish tendencies. The analysis of options history revealed 10 unusual trades, with 3 puts and 7 calls. The whales have been targeting a price range from $700.0 to $960.0 for W.W. Grainger over the last 3 months. The price of GWW is currently at $781.02, with RSI indicators hinting at an overbought situation.

Portfolio Pulse from Benzinga Insights

November 09, 2023 | 8:47 pm

SLB

Analysis of options history for Schlumberger (SLB) reveals a bullish trend with 60% of traders showing bullish tendencies and 40% bearish. The average open interest for SLB options stands at 1338.29, with a total volume reaching 1,980.00. The stock is currently trading at $53.04, up by 0.21%. Four market experts have recently issued ratings for SLB, with a consensus target price of $73.0.

Portfolio Pulse from Benzinga Insights

November 09, 2023 | 8:32 pm

BX

Investors have taken a bearish stance on Blackstone (NYSE:BX), with 72% of big-money traders being bearish and 27% bullish. The big players have been eyeing a price window from $90.0 to $115.0 for Blackstone during the past quarter. Four market experts have recently issued ratings for this stock, with a consensus target price of $108.0. The price of BX is currently up 0.34% at $99.5.

Portfolio Pulse from Benzinga Insights

November 09, 2023 | 8:31 pm

BUD

Investors have taken a bearish stance on Anheuser-Busch InBev (NYSE:BUD), with 72% of big-money traders showing bearish sentiment. Uncommon options trades for the company have been spotted, with 5 puts amounting to $622,675 and 6 calls amounting to $228,130. Whales have been targeting a price range from $50.0 to $80.0 for the company over the last 3 months. The company's trading volume stands at 2,037,213, with its price up by 1.15%, positioned at $60.0. The stock may be overbought according to RSI indicators.

Portfolio Pulse from Benzinga Insights

November 09, 2023 | 8:17 pm

SNPS

Large investors have taken a bearish stance on Synopsys (NASDAQ:SNPS), with 54% of big-money traders being bearish and 45% being bullish. The major market movers are focusing on a price band between $200.0 and $540.0 for Synopsys. The current price of SNPS is $506.16. One market expert has issued a rating for this stock, with a consensus target price of $540.0.

Portfolio Pulse from Benzinga Insights

November 09, 2023 | 8:17 pm