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AZN

A significant amount of unusual options activity has been detected for AstraZeneca (NASDAQ:AZN), with a bearish stance being taken by a 'whale' investor. Of the 11 strange trades detected, 45% were bullish and 54% were bearish. The trades included 4 puts amounting to $488,281 and 7 calls amounting to $887,379. The targeted price range for AstraZeneca over the last 3 months has been $63.0 to $69.0.

Portfolio Pulse from Benzinga Insights

September 28, 2023 | 2:16 pm

BCHUSD

BTCUSD

ETHUSD

INJUSD

Bitcoin (BTC) traded mostly flat, while Ethereum (ETH) moved higher, trading above the $1,600 mark. Bitcoin Cash (BCH) was the top gainer over the prior 24 hours, while Injective (INJ) was the biggest loser. The global crypto market cap fell to $1.06 trillion, recording a 24-hour decline of 0.1%. BTC was trading lower by 0.2% at $26,562 while ETH rose by around 0.8% to $1,629.

Portfolio Pulse from Lisa Levin

September 28, 2023 | 2:06 pm

TLT

The US economy grew at a 2.1% annualized rate in Q2 2023, in line with the second estimate but slightly lower than the 2.2% growth in Q1. Jobless claims were lower than expected, signaling a tight job market. The iShares 20+ Year Treasury Bond ETF (TLT) opened weaker, heading for its worst month since April 2022. Traders are not expecting another interest rate hike by the Federal Reserve this year.

Portfolio Pulse from Piero Cingari

September 28, 2023 | 2:03 pm

CRM

Salesforce (NYSE:CRM) has outperformed the market over the past 10 years by 4.54% on an annualized basis, producing an average annual return of 14.19%. If an investor had bought $100 of CRM stock 10 years ago, it would be worth $380.77 today.

Portfolio Pulse from Benzinga Insights

September 28, 2023 | 2:00 pm

SPY

USA's pending home sales for August have significantly decreased by 7.1%, compared to the estimated decrease of 0.8% and the prior increase of 0.5%.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 2:00 pm

MDGS

Medigus Ltd. (NASDAQ:MDGS) has signed an agreement to form a joint venture with a US-based partner to purchase, renovate, manage and sell a commercial property in Miami, Florida. Medigus will initially contribute $2 million for a 60% stake in the JV, which will decrease to 30% once the initial contribution has been fully repaid. The company plans to explore additional opportunities in Miami's real estate market.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 1:24 pm

NAAS

NaaS Technology Inc. (NASDAQ:NAAS) and its parent company, NewLink, have formed a strategic partnership with China Construction Bank (CCB). The partnership will provide integrated financial services support to NaaS and NewLink, covering areas such as new energy asset investment, construction finance, supply chain finance, and more. The aim is to expand NaaS and NewLink's global presence in the new energy sector. CCB will leverage NaaS and NewLink's digital analytics capabilities and investment decision-making algorithm analysis models of its global new energy assets.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 1:19 pm

EMN

Eastman Chemical Company (NYSE:EMN) has agreed to sell its Texas City Operations to INEOS Acetyls for $490 million. The sale includes $415 million in cash at closing and the remainder in equal installments on the first and second anniversaries of the closing. Eastman will retain ownership of its plasticizer business at the site, which INEOS will operate for Eastman. The sale is expected to be accretive to Eastman's adjusted earnings per share in 2024 and the proceeds will be used for debt repayment.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 1:03 pm

NAAS

NaaS Technology Inc. (NASDAQ:NAAS), the first U.S. listed EV charging service company in China, has won a bid for Phase I of the Anji Green and Low-carbon Supply Chain Construction Project. The project, worth RMB67.18 million, involves the installation of charging systems, battery swapping systems, PV systems, and energy storage systems. NaaS will also develop an integrated energy management platform and charging management system for the station.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 12:57 pm

BKTI

BK Technologies Corporation (NYSE:BKTI) has received two purchase orders totaling $3.4 million from the National Interagency Incident Communications Division (NIICD). The orders are part of an ongoing annual lifecycle replacement program, with NIICD standardizing on the BKR 5000 radios. This is the third year NIICD has purchased the BKR 5000.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 12:39 pm