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Assets

A significant bearish stance has been taken on ON Semiconductor (NASDAQ:ON) by a large investor, as observed in the unusual options activity. The sentiment among these big-money traders is split between 31% bullish and 68% bearish. The whales have been targeting a price range from $60.0 to $100.0 for ON Semiconductor over the last 3 months. The price of ON is currently down -4.78% at $81.02. Exane BNP Paribas downgraded its action to Neutral with a price target of $95, while Susquehanna and Morgan Stanley maintained their Positive and Equal-Weight ratings respectively, both with a price target of $110.

Portfolio Pulse from Benzinga Insights

October 25, 2023 | 7:30 pm

SHIBUSD

Shiba Inu's (CRYPTO: SHIB) price has risen 5.21% to $0.0000078 in the past 24 hours, continuing its positive trend over the past week with a 12.0% gain. The trading volume for the coin has risen 242.0% over the past week, while the circulating supply has decreased 0.27% to 589.33 trillion. The current market cap ranking for SHIB is #19 at $4.53 billion.

Portfolio Pulse from Benzinga Insights

October 25, 2023 | 7:00 pm

BTCUSD

Anthony Pompliano of Pomp Investments expects Bitcoin (CRYPTO: BTC) to rally hundreds of percent above its old highs during the next bull run. He noted that 76% of Bitcoin hasn't been sold in the last year and 56% of it hasn't been sold in the last two years. He also mentioned that the anticipation of a Bitcoin ETF has been a major factor in the recent price increase. Blackrock and other major financial firms have amended ETF applications, suggesting approval is nearing.

Portfolio Pulse from Adam Eckert

October 25, 2023 | 6:34 pm

COST

A significant investor has taken a bearish stance on Costco Wholesale (NASDAQ:COST), with 63% of recent trades being bearish. The trades range from $500.0 to $590.0. The current price of COST is down -0.32% at $550.08. Analysts from JP Morgan, Telsey Advisory Group, B of A Securities, and DA Davidson have maintained their ratings on Costco, with price targets ranging from $570 to $620.

Portfolio Pulse from Benzinga Insights

October 25, 2023 | 6:30 pm

A large bearish position has been taken on Visa (NYSE:V), as observed from publicly available options history. The overall sentiment of these big-money traders is split between 43% bullish and 56% bearish. The whales have been targeting a price range from $155.0 to $265.0 for Visa over the last 3 months. Analysts from JP Morgan, Keybanc, and Raymond James have maintained their positive ratings on Visa with price targets of $293, $275, and $287 respectively, while HSBC and Wedbush have downgraded their actions to Hold and Outperform with price targets of $266 and $270 respectively.

Portfolio Pulse from Benzinga Insights

October 25, 2023 | 6:15 pm

AGR

Copenhagen Infrastructure Partners (CIP) and Avangrid, Inc. (NYSE:AGR) have announced a $1.2 billion tax equity package for the Vineyard Wind 1 project, marking the largest single asset tax equity financing and the first for a commercial scale offshore wind project. The investment was made by J.P. Morgan Chase, Bank of America, and Wells Fargo.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 6:04 pm

ETHUSD

On Tuesday, 5,689.05 Ether (ETH) worth $10,171,628 was burned from Ethereum transactions. This follows the Ethereum blockchain's upgrade known as EIP-1159, which changed the fee model and includes a variable base fee that is burned, lowering the supply of Ether. Ethereum is currently issuing new Ether at a rate of 4% per year, expected to decrease to around 0.5-1% with the Ethereum 2.0 upgrade. The net annualized issuance rate for Ether yesterday was -5.50%.

Portfolio Pulse from Benzinga Insights

October 25, 2023 | 6:00 pm

AMGN

ELV

HCA

LLY

MRNA

PFE

SGEN

SRPT

TMO

WST

Benzinga's options activity scanner has identified significant options activity in the health care sector. The stocks involved include Pfizer (PFE), Seagen (SGEN), Eli Lilly (LLY), Moderna (MRNA), West Pharmaceutical Services (WST), Amgen (AMGN), Elevate Credit (ELV), Sarepta Therapeutics (SRPT), Thermo Fisher Scientific (TMO), and HCA Healthcare (HCA). The options activity ranges from bullish to bearish and neutral sentiments.

Portfolio Pulse from Benzinga Insights

October 25, 2023 | 5:35 pm

AAL

ADP

AVAV

DAL

LMT

LUV

RTX

SAVE

UAL

UPS

The article reports on the options activity of 10 industrial stocks in today's session. The stocks include Southwest Airlines (LUV), American Airlines (AAL), United Airlines (UAL), Delta Air Lines (DAL), Automatic Data Processing (ADP), Spirit Airlines (SAVE), Lockheed Martin (LMT), United Parcel Service (UPS), Raytheon Technologies (RTX), and AeroVironment (AVAV). 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

October 25, 2023 | 5:35 pm

BTCUSD

ETHUSD

SPY

Gary Gensler, the chairman of the U.S. Securities and Exchange Commission (SEC), has stated that the cryptocurrency industry is not as decentralized as it claims to be. He also mentioned that the industry is rife with non-compliance of U.S. rules, according to Bloomberg.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 5:20 pm