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LRCX

A significant bearish stance has been taken on Lam Research (NASDAQ:LRCX) by a large investor, as observed from publicly available options history. The overall sentiment of these big-money traders is split between 34% bullish and 65% bearish. Whales have been targeting a price range from $330.0 to $720.0 for Lam Research over the last 3 months. Needham upgraded its action to Buy with a price target of $800 and UBS maintained their Buy rating on Lam Research, with a price target of $725.

Portfolio Pulse from Benzinga Insights

October 16, 2023 | 8:15 pm

VTGN

Citadel Advisors LLC has reported a 5.6% stake in VistaGen Therapeutics, according to a 13G filing with the SEC.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2023 | 8:05 pm

MRVL

Marvell Tech (NASDAQ:MRVL) has outperformed the market over the past 5 years by 15.2% on an annualized basis, producing an average annual return of 24.77%. If an investor had bought $1000 of MRVL stock 5 years ago, it would be worth $2,968.21 today.

Portfolio Pulse from Benzinga Insights

October 16, 2023 | 8:00 pm

AZO

AutoZone (NYSE:AZO) has outperformed the market over the past 20 years, producing an average annual return of 17.98%. If an investor had bought $100 of AZO stock 20 years ago, it would be worth $2,768.27 today. The company currently has a market capitalization of $46.58 billion.

Portfolio Pulse from Benzinga Insights

October 16, 2023 | 8:00 pm

MARA

Shares of Marathon Digital Holdings Inc (NASDAQ:MARA) rose by 6.7% following a spike in Bitcoin due to a now-refuted rumor of Bitcoin spot ETF approval. The company, which primarily engages in Bitcoin mining, could see increased profitability from mining operations when the Bitcoin price is higher. The rumor about a Bitcoin spot ETF approval could have triggered speculative trading in Marathon Digital's stock.

Portfolio Pulse from Henry Khederian

October 16, 2023 | 7:46 pm

HLTH

Oakmont Corp has reported a 6.3% stake in Cue Health as of October 6, 2023, according to a 13D filing with the SEC.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2023 | 7:30 pm

CNQ

Canadian Natural Res (NYSE:CNQ) has outperformed the market over the past 20 years by 5.91% on an annualized basis, producing an average annual return of 13.38%. If an investor had bought $1000 of CNQ stock 20 years ago, it would be worth $12,307.20 today.

Portfolio Pulse from Benzinga Insights

October 16, 2023 | 7:30 pm

DOGEUSD

SHIBUSD

Japanese crypto exchange BitTrade has announced that it will add Shiba Inu (CRYPTO: SHIB) and Dogecoin (CRYPTO: DOGE) to its platform, effective Oct. 18, 2023. This move could potentially push token prices higher. Shiba Inu's burn rate has surged by more than 270% in the past 24 hours, with 48 million SHIB tokens permanently removed from circulation. Dogecoin, favored by billionaire Elon Musk, has a significant number of wallets with unrealized earnings.

Portfolio Pulse from Khyathi Dalal

October 16, 2023 | 7:27 pm

CIFR

CLSK

COIN

MARA

MSTR

RIOT

Crypto-related stocks are trading higher following a surge in Bitcoin due to a refuted rumor of Bitcoin spot ETF approval.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2023 | 7:09 pm

LUNAUSD

Former FTX executive Nishad Singh testified about the extravagant expenditures he observed while working with FTX founder Sam Bankman-Fried, including a $20 million spending he perceived as wasteful. Singh also mentioned an investment in Genesis Digital Assets, a crypto mining initiative in Kazakhstan, and Anthropic, an AI company. He also discussed a $500-million investment facilitated through Alameda Research. Singh expressed concern over a term sheet proposing millions in bonuses and a billion-dollar investment in a VC firm. He also mentioned a $30 million Bahamas penthouse and an $8-billion accounting error at FTX.

Portfolio Pulse from Murtuza Merchant

October 16, 2023 | 7:06 pm