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VRTX

A significant bearish stance has been taken on Vertex Pharmaceuticals (NASDAQ:VRTX) by a large investor, as indicated by unusual options trades. The sentiment among these big-money traders is 27% bullish and 72% bearish. The whales have been targeting a price range from $340.0 to $370.0 for Vertex Pharmaceuticals over the last 3 months. Cantor Fitzgerald has downgraded its action to Overweight with a price target of $370.

Portfolio Pulse from Benzinga Insights

September 25, 2023 | 8:01 pm

TLT

Moody's has warned that a potential US government shutdown could have credit implications and expose the fragility of US institutional and governance structures. This comes amid a surge in Treasury bond yields following the Federal Reserve's commitment to keep interest rates higher for longer. The iShares 20+ Year Treasury Bond ETF (NYSE:TLT) experienced a sharp selloff, with a more than 2% decline on Monday.

Portfolio Pulse from Piero Cingari

September 25, 2023 | 7:50 pm

CRWD

A significant bearish stance has been taken on CrowdStrike Holdings (NASDAQ:CRWD) as evidenced by unusual options activity. The overall sentiment of big-money traders is split between 23% bullish and 76% bearish. Whales have been targeting a price range from $110.0 to $175.0 for CrowdStrike Holdings over the last 3 months. The price of CRWD is currently down -1.6% at $159.97. Analysts from Jefferies, Scotiabank, Truist Securities, and Cantor Fitzgerald have maintained their ratings on CrowdStrike Holdings with price targets ranging from $170 to $200.

Portfolio Pulse from Benzinga Insights

September 25, 2023 | 7:32 pm

AZO

AutoZone (NYSE:AZO) has seen unusual options activity, with 80% of investors taking a bearish stance. The majority of trades are puts, totaling $234,340, with calls totaling $102,040. Whales have been targeting a price range from $2300.0 to $2750.0 for AutoZone over the last 3 months. The current price of AZO is up 0.19% at $2575.09. Analysts from JP Morgan, Barclays, Evercore ISI Group, DA Davidson, and Argus Research have maintained their ratings on AutoZone, with price targets ranging from $2500 to $2975.

Portfolio Pulse from Benzinga Insights

September 25, 2023 | 7:32 pm

ABT

A significant investor has taken a bearish stance on Abbott Laboratories (NYSE:ABT), with 72% of recent trades indicating bearish expectations. The trades include 2 puts totaling $84,308 and 9 calls totaling $361,094. The targeted price range for Abbott Laboratories over the last 3 months is from $90.0 to $105.0. The current price of ABT is down -0.91% at $97.26, and RSI indicators suggest the stock may be oversold. The next earnings are expected in 23 days.

Portfolio Pulse from Benzinga Insights

September 25, 2023 | 7:16 pm

SO

Southern Power, a subsidiary of Southern Company, has acquired its 30th solar project, the 150-megawatt South Cheyenne Solar Facility, from Qcells USA Corp. The project, located in Wyoming, is Southern Power's first solar facility in the state. Construction is underway and the project is expected to be operational in Q1 2024. The electricity and associated renewable energy credits generated by the facility will be sold under a 20-year power purchase agreement.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2023 | 7:10 pm

F

Ford has announced that it is pausing work and limiting spending on construction on the Marshall Project until it is confident about its ability to competitively operate the plant. The company has not made any final decision about the planned investment at the Marshall Plant.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2023 | 7:06 pm

ETHUSD

Crypto exchange HTX, formerly Huobi, has suffered a cyberattack resulting in a loss of 5,000 Ether (ETH), equivalent to $8 million. The exchange's adviser and TRON founder, Justin Sun, assured users that the platform has covered the losses and rectified all related issues. HTX has proposed a 'white hat reward' of 5% of the stolen amount to incentivize the hacker to return the funds. If the funds aren't returned within a week, HTX will hand the case over to law enforcement.

Portfolio Pulse from Murtuza Merchant

September 25, 2023 | 7:03 pm

ALGOUSD

Algorand's (CRYPTO: ALGO) price has decreased by 3.78% over the past 24 hours to $0.10, contrary to its performance over the past week where it experienced an up-trend of 2.0%. The trading volume for the coin has risen 36.0% over the past week, while the circulating supply has decreased 0.04% to 7.83 billion, making up an estimated 78.3% of its max supply of 10.00 billion. The current market cap ranking for ALGO is #48 at $771.16 million.

Portfolio Pulse from Benzinga Insights

September 25, 2023 | 7:01 pm

LINKUSD

Chainlink's (CRYPTO: LINK) price has increased by 6.06% over the past 24 hours to $7.48, and by over 13.0% over the past week. The trading volume for the coin has decreased by 32.0% over the past week, while the circulating supply has risen by 3.21% to 556.85 million. The current market cap ranking for LINK is #18 at $4.16 billion.

Portfolio Pulse from Benzinga Insights

September 25, 2023 | 7:00 pm