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Assets

DVN

Unusual options activity has been observed for Devon Energy (NYSE:DVN), with a large position indicating a bullish stance. The options scanner at Benzinga spotted 18 uncommon trades, with 66% bullish and 33% bearish sentiment. The whales have been targeting a price range from $45.0 to $57.5 for Devon Energy over the last 3 months. The current price of DVN is up 0.74% at $48.75. Several financial institutions have maintained their ratings on Devon Energy, with price targets ranging from $51 to $62.

Portfolio Pulse from Benzinga Insights

October 16, 2023 | 5:16 pm

ARKK

BTCUSD

Ark Invest CEO Cathie Wood has expressed optimism about the approval of Bitcoin ETFs by the SEC. Ark Invest, known for its investments in technology stocks, has a pending spot Bitcoin ETF that it believes will be approved in the future. Wood suggested that multiple Bitcoin ETFs could be approved by the end of 2023 or early 2024, with Ark Invest being first in line.

Portfolio Pulse from Chris Katje

October 16, 2023 | 5:07 pm

MDB

A significant amount of unusual options activity has been observed for MongoDB (NASDAQ:MDB), with a mix of bullish and bearish stances. The trades suggest a targeted price range of $260 to $400 for MongoDB over the next three months. The current price of MDB is $353, up 0.66%. Tigress Financial, B of A Securities, and Scotiabank have all downgraded their actions on MongoDB, with price targets of $495, $450, and $335 respectively.

Portfolio Pulse from Benzinga Insights

October 16, 2023 | 5:00 pm

KO

Unusual options activity has been observed for Coca-Cola (NYSE:KO), with a bearish stance taken by a large investor. The overall sentiment among big-money traders is split between 47% bullish and 52% bearish. The price target for Coca-Cola, based on volume and open interest, is between $48.0 to $57.5. Barclays, Citigroup, and JP Morgan have maintained their positive ratings on Coca-Cola, with price targets of $59 and $65.

Portfolio Pulse from Benzinga Insights

October 16, 2023 | 5:00 pm

CRM

Salesforce (NYSE:CRM) has outperformed the market over the past 10 years, producing an average annual return of 14.41%. If an investor had bought $100 of CRM stock 10 years ago, it would be worth $378.60 today.

Portfolio Pulse from Benzinga Insights

October 16, 2023 | 5:00 pm

MCHP

Microchip Technology (NASDAQ:MCHP) has outperformed the market over the past 5 years, producing an average annual return of 18.53%. If an investor had bought $100 of MCHP stock 5 years ago, it would be worth $232.12 today.

Portfolio Pulse from Benzinga Insights

October 16, 2023 | 5:00 pm

KDP

Keurig Dr Pepper (NASDAQ:KDP) has outperformed the market over the past 15 years, producing an average annual return of 15.09%. If an investor had bought $1000 of KDP stock 15 years ago, it would be worth $8,217.32 today.

Portfolio Pulse from Benzinga Insights

October 16, 2023 | 4:30 pm

ADP

Automatic Data Processing (NASDAQ:ADP) has outperformed the market over the past 15 years, producing an average annual return of 14.19%. If an investor had bought $100 of ADP stock 15 years ago, it would be worth $705.12 today. The company currently has a market capitalization of $102.77 billion.

Portfolio Pulse from Benzinga Insights

October 16, 2023 | 4:30 pm

BNBUSD

Binance (CRYPTO: BNB) has conducted its 25th quarterly BNB burn, eliminating 2.14 million BNB tokens equivalent to $501.7 million. The burn includes 314.69 BNB burned through the Pioneer Burn Program. The past hour saw a 1.2% rise in BNB price while the past 24-hour trade led to a 2.9% gain. The current circulating supply of BNB is 151.7 million, with plans to bring it under 100 million through its BNB Auto-Burn procedure. So far, it has burned 50.29 million BNB tokens in total.

Portfolio Pulse from Khyathi Dalal

October 16, 2023 | 4:19 pm

BTCUSD

MSTR

MicroStrategy Incorporated (NASDAQ:MSTR) shares are up on heavy trading volume due to anticipation of the potential approval of the first Bitcoin spot ETF in the U.S. The company is one of the largest bitcoin holders with approximately 158,245 bitcoins. 24.87% of MSTR shares are being sold short and more than 775 thousand shares have been traded, surpassing its 100-day average of just over 588 thousand shares.

Portfolio Pulse from Erica Kollmann

October 16, 2023 | 4:19 pm