Streetbeat News

Assets

SPY

UNG

USO

The Energy Information Administration (EIA) reported a draw of 1.837M in weekly distillates stocks, higher than the estimated draw of 0.802M and the prior draw of 1.269M.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 3:00 pm

LDOUSD

Cryptocurrency Lido DAO (CRYPTO: LDO) has seen a decrease of 3.39% in its price over the past 24 hours, continuing a week-long downward trend of -3.0%. The trading volume for the coin has decreased 1.0% over the past week, while the overall circulating supply of the coin has decreased 0.29% to over 890.28 million. The current market cap ranking for LDO is #33 at $1.34 billion.

Portfolio Pulse from Benzinga Insights

October 12, 2023 | 3:00 pm

SPY

USO

USA crude oil inventories have seen a significant increase of 10.176 million barrels, compared to the estimated build of 0.492 million barrels and a draw of 2.224 million barrels in the prior period.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 3:00 pm

SOLUSD

Solana's (CRYPTO: SOL) price has fallen 3.84% to $21.35 in the past 24 hours, continuing its negative trend over the past week with an 8.0% loss. The trading volume for the coin has fallen 25.0% over the past week, while the overall circulating supply of the coin has increased 0.84% to 416.00 million. The current market cap ranking for SOL is #8 at $8.86 billion.

Portfolio Pulse from Benzinga Insights

October 12, 2023 | 3:00 pm

VEON

VEON Ltd. (NASDAQ:VEON) has issued a clarification stating that it remains the sole and rightful owner of Kyivstar, amid speculation about the company's ownership. This follows the Ukrainian Security Services' announcement about seizing the corporate rights of certain individuals in 20 Ukrainian companies, which was misinterpreted by some media as a seizure of Kyivstar's assets. VEON has not received any official communication from Ukrainian authorities regarding these matters. The company also highlighted its commitment to serving Ukraine, as demonstrated by a $600 million investment pledge for the country's recovery and reconstruction.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 2:52 pm

LEN

A significant investor has taken a bullish stance on Lennar (NYSE:LEN), with 72% of recent trades being bullish and 27% bearish. The majority of these trades are puts, with a total amount of $361,265, and a smaller portion are calls, totaling $105,854. The price target range for Lennar over the last 3 months has been $95.0 to $120.0. The current price of LEN is down -1.16% at $112.94. Several financial institutions have maintained their ratings on Lennar, with price targets ranging from $135 to $161.

Portfolio Pulse from Benzinga Insights

October 12, 2023 | 2:48 pm

ADBE

A significant amount of unusual options activity has been detected for Adobe (NASDAQ:ADBE), with a majority of investors taking a bearish stance. The trades indicate that whales have been targeting a price range from $505.0 to $650.0 for Adobe over the last 3 months. Adobe's current price is $554.32, up 0.8%. Analysts from BMO Capital, Piper Sandler, Wolfe Research, RBC Capital, and Citigroup have maintained their ratings on Adobe, with price targets ranging from $610 to $650.

Portfolio Pulse from Benzinga Insights

October 12, 2023 | 2:32 pm

PXD

A significant bullish stance has been taken on Pioneer Natural Resources (NYSE:PXD) as evidenced by unusual options activity. The overall sentiment of these big-money traders is split between 60% bullish and 40% bearish. Whales have been targeting a price range from $150.0 to $290.0 for Pioneer Natural Resources over the last 3 months. Roth MKM downgraded its action to Buy with a price target of $245, while Morgan Stanley and Mizuho maintained their ratings with price targets of $236 and $301 respectively.

Portfolio Pulse from Benzinga Insights

October 12, 2023 | 2:32 pm

SPY

UNG

USO

The USA Natural Gas Storage reported a figure of 84B, which is lower than the estimated 88B and the prior figure of 86B.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 2:30 pm

EVGO

EVgo Inc (NASDAQ:EVGO) and its eXtend partners have been selected for more than $12.7 million in preliminary awards from various funding sources across California, Colorado, and Pennsylvania. The funding will support the buildout of over 150 fast-charging stalls. To date, EVgo and its eXtend partners have been selected for approximately 20% of awarded NEVI funds. EVgo shares are trading lower by 1.91% at $2.99.

Portfolio Pulse from Shivani Kumaresan

October 12, 2023 | 2:17 pm