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ACHV

DHR

GILD

LLY

MRNA

NVO

SAVA

SRPT

THC

Benzinga's options activity scanner has identified unusual trading activity in 10 health care stocks. The stocks include Edwards Lifesciences (EW), Danaher (DHR), Gilead Sciences (GILD), Cassava Sciences (SAVA), Novo Nordisk (NVO), Achieve Life Sciences (ACHV), Moderna (MRNA), Tenet Healthcare (THC), Sarepta Therapeutics (SRPT), and Eli Lilly and Company (LLY). The scanner tracks large transactions, often made by entities with significant funds, which could potentially influence the market estimation of an option.

Portfolio Pulse from Benzinga Insights

October 24, 2023 | 5:35 pm

AAPL

APP

INTC

MSFT

NVDA

PLTR

SNOW

TXN

The article reports on the recent options activity in the Information Technology sector. It highlights the trades made by 'whales', entities with large sums of money, in several companies including NVDA, MSFT, PLTR, AAPL, INTC, SNOW, KD, ZM, APP, and TXN. The sentiment of these trades varies from bullish to bearish, and the expiration dates range from October 27, 2023, to December 15, 2023.

Portfolio Pulse from Benzinga Insights

October 24, 2023 | 5:35 pm

BLK

BlackRock's (NYSE:BLK) short percent of float has risen 4.76% since its last report, with 2.61 million shares sold short, which is 1.76% of all regular shares available for trading. This increase in short interest can act as an indicator of market sentiment towards the stock. However, compared to its peers, BlackRock has less short interest as a percentage of float, which is 2.88% on average.

Portfolio Pulse from Benzinga Insights

October 24, 2023 | 5:30 pm

LULU

A significant bullish stance has been taken on Lululemon Athletica (NASDAQ:LULU) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split 50% bullish and 50% bearish. The options trades suggest a target price range of $320.0 to $450.0 for Lululemon Athletica over the next three months. The current price of LULU is $399.14, down 0.82%.

Portfolio Pulse from Benzinga Insights

October 24, 2023 | 5:01 pm

ORCL

A significant amount of unusual options activity has been observed for Oracle (NYSE:ORCL), with a bearish stance taken by a 'whale' investor. Of the 15 strange trades detected, 46% were bullish and 53% were bearish. The total amount for puts was $975,894 and for calls was $1,338,717. Whales have been targeting a price range from $85.0 to $120.0 for Oracle over the last 3 months. Oracle's current price is $102.68, down 0.95%. Evercore ISI Group, Morgan Stanley, and BMO Capital have given price targets of $135, $107, and $130 respectively.

Portfolio Pulse from Benzinga Insights

October 24, 2023 | 5:00 pm

BTCUSD

ETHUSD

The U.S. Securities and Exchange Commission (SEC) will review Grayscale’s Bitcoin Trust ETF filing and has acknowledged Grayscale's spot ether ETF filing which will convert Ethereum Trust (ETHE) into a spot Ethereum ETF. This news, along with the recent listing of BlackRock’s iShares Bitcoin Trust on Nasdaq-traded ETFs, has pushed Bitcoin and the broader crypto asset board significantly higher. Ethereum (CRYPTO: ETH) has seen a surge of 117.02% in its past 24-hour trading volume and a 9.6% jump in single-day trade.

Portfolio Pulse from Khyathi Dalal

October 24, 2023 | 4:44 pm

CDZI

Cadiz, Inc. (NASDAQ: CDZI/CDZIP) has entered into a long-term contract with El Paso Natural Gas Company to install a gas tap on their pipeline running through Cadiz Ranch property. This will allow Cadiz to replace diesel engines with natural gas engines for its operations, reducing energy costs and carbon emissions. The tap is expected to deliver new gas power to Cadiz by Q4 2024. Earlier this year, Cadiz selected Scale Microgrids to develop clean energy microgrids for its facilities.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 4:42 pm

BTCUSD

GREE

Greenidge Generation Holdings Inc (NASDAQ:GREE) shares are trading higher after Bitcoin (CRYPTO: BTC) reached $35,000 for the first time since 2022. The company's shares have gained 38% over the last month due to the rising price of Bitcoin and the potential approval of BlackRock's spot Bitcoin ETF. Greenidge operates a cryptocurrency data center that generates revenue in the form of Bitcoin.

Portfolio Pulse from Erica Kollmann

October 24, 2023 | 4:20 pm

DIS

A significant investor has taken a bearish stance on Walt Disney (NYSE:DIS), with 52% of recent trades being bearish. The targeted price range for Disney over the last 3 months has been $55.0 to $110.0. The current price of DIS is $83.27, up 0.2%. JP Morgan maintains an Overweight rating on Disney with a price target of $120, while Bernstein and Seaport Global have downgraded their actions with price targets of $103 and $93 respectively.

Portfolio Pulse from Benzinga Insights

October 24, 2023 | 4:01 pm

CME

The article provides a detailed comparison of CME Group (NASDAQ:CME) with its competitors in the Capital Markets industry. The analysis suggests that CME Group's stock is undervalued compared to its peers, with a lower Price to Earnings ratio and Price to Book ratio. However, the company's Price to Sales ratio is higher than the industry average, indicating potential overvaluation in relation to its sales performance. CME Group's Return on Equity is lower than the industry average, but it has a higher EBITDA, gross profit, and revenue growth, suggesting strong financial performance.

Portfolio Pulse from Benzinga Insights

October 24, 2023 | 4:01 pm