Streetbeat News

Assets

GOOGL

A significant investor has taken a bearish stance on Alphabet (NASDAQ:GOOGL), with 54% of the 73 unusual trades detected being bearish. The trades include 32 puts amounting to $1,625,412 and 41 calls amounting to $1,891,561. The investors are aiming for a price range of $90.0 to $165.0 for Alphabet over the next three months. The current price of GOOGL is $131.04, with the stock being neutral between overbought and oversold.

Portfolio Pulse from Benzinga Insights

November 08, 2023 | 7:30 pm

VETUSD

VeChain's (CRYPTO: VET) price has risen 6.43% to $0.02 in the past 24 hours, continuing its positive trend over the past week with an 18.0% gain. The trading volume for the coin has fallen 12.0% over the past week, while the overall circulating supply has increased 0.11% to 72.71 billion, making up an estimated 83.86% of its max supply of 86.71 billion. The current market cap ranking for VET is #37 at $1.64 billion.

Portfolio Pulse from Benzinga Insights

November 08, 2023 | 7:00 pm

HBARUSD

Hedera's (CRYPTO: HBAR) price has risen 4.13% to $0.06 in the past 24 hours, continuing its positive trend over the past week with a 16.0% gain. The coin's trading volume has climbed 6.0% over the past week, moving in tandem with the overall circulating supply of the coin, which has increased 0.21%. The current market cap ranking for HBAR is #32 at $2.02 billion.

Portfolio Pulse from Benzinga Insights

November 08, 2023 | 7:00 pm

Mastercard (NYSE:MA) has seen unusual options activity with 80% of traders showing bearish tendencies. The big players have been eyeing a price window from $170.0 to $410.0 for Mastercard during the past quarter. The price of MA is down -0.25% at $387.9. Analysts from Morgan Stanley, Seaport Global, Keybanc, and Raymond James have maintained their positive ratings on Mastercard with price targets ranging from $430 to $465.

Portfolio Pulse from Benzinga Insights

November 08, 2023 | 6:47 pm

COST

A significant bearish stance has been taken on Costco Wholesale (NASDAQ:COST) by a large investor, as observed in the options trading history. The sentiment among big-money traders is 30% bullish and 70% bearish. Major market movers are focusing on a price band between $300.0 and $620.0 for Costco. Telsey Advisory Group has revised its rating downward to Outperform, adjusting the price target to $600. JP Morgan maintains an Overweight rating with a target price of $605.

Portfolio Pulse from Benzinga Insights

November 08, 2023 | 6:01 pm

AXP

American Express (NYSE:AXP) has outperformed the market over the past 15 years, producing an average annual return of 14.21%. If an investor had bought $100 of AXP stock 15 years ago, it would be worth $760.90 today.

Portfolio Pulse from Benzinga Insights

November 08, 2023 | 6:00 pm

ETHUSD

On Tuesday, 5,992.28 Ether (ETH) worth $11,346,139 was burned from Ethereum transactions. This is a result of the Ethereum blockchain's EIP-1159 upgrade, which changes the fee model and burns a base fee from each transaction. This reduces the supply of Ether. Ethereum is currently issuing new Ether at a rate of 4% per year, but this is expected to decrease to around 0.5-1% with the Ethereum 2.0 upgrade. The net annualized issuance rate for Ether yesterday was -5.93%.

Portfolio Pulse from Benzinga Insights

November 08, 2023 | 6:00 pm

OXY

A financial giant has made a bearish move on Occidental Petroleum (NYSE:OXY), with 61% of traders showing bearish tendencies. The company's options have been targeted for a price range from $30.0 to $67.5 over the last 3 months. The price of OXY is up 1.94% at $61.37. Stephens & Co. downgraded its action to Overweight with a price target of $74, while Susquehanna maintains a Positive rating with a target price of $78.

Portfolio Pulse from Benzinga Insights

November 08, 2023 | 5:46 pm

BIIB

DRRX

DVA

DXCM

EXAS

LLY

MDT

MEDP

NVO

STVN

The article reports on the unusual options activity in the health care sector. Ten stocks are mentioned: LLY, DXCM, NVO, DVA, MDT, STVN, DRRX, EXAS, BIIB, and MEDP. The article provides details on the type of options activity (put/call), trade type, sentiment, expiration date, strike price, total trade price, open interest, and volume for each stock.

Portfolio Pulse from Benzinga Insights

November 08, 2023 | 5:35 pm

AAPL

ADBE

APP

FSLR

INTC

MSFT

NVDA

PLTR

SNOW

TWLO

Benzinga's options activity scanner has identified unusual trading activity in 10 information technology stocks. The stocks include NVDA, AAPL, MSFT, PLTR, SNOW, TWLO, INTC, ADBE, FSLR, and APP. The scanner tracks large transactions, often referred to as 'whale alerts', which can indicate potential trading opportunities.

Portfolio Pulse from Benzinga Insights

November 08, 2023 | 5:35 pm