Streetbeat News

Assets

BAC

Unusual options activity has been observed for Bank of America (NYSE:BAC), with a large position indicating a bullish stance. The options scanner at Benzinga spotted 48 uncommon trades, with a sentiment split of 66% bullish and 33% bearish. The whales have been targeting a price range from $20.0 to $40.0 for Bank of America over the last 3 months. HSBC, Piper Sandler, and RBC Capital have given their expert opinions on the bank's stock.

Portfolio Pulse from Benzinga Insights

September 22, 2023 | 6:45 pm

LEN

Lennar Corporation (NYSE:LEN) has seen unusual options activity, with a significant number of investors taking a bearish stance. Of the 21 strange trades detected, 52% were bearish and 47% bullish. The total amount for puts was $607,471 and for calls, $294,607. Whales have been targeting a price range from $110.0 to $120.0 for Lennar over the last 3 months. The current price of LEN is $113.0, down -0.12%. Analysts from BTIG, UBS, JP Morgan, Citigroup, and RBC Capital have maintained their ratings on Lennar.

Portfolio Pulse from Benzinga Insights

September 22, 2023 | 6:45 pm

Stifel analyst Simon Yarmak reiterated a Hold rating on Hyatt Hotels Corporation (NYSE:H), lowering the price target to $115 from $119. Hyatt has transformed into an asset-lite company and aims to reduce owned and leased real estate to 20% by late 2024. The company has multiple growth levers with a quality portfolio of brands and the largest relative pipeline. Group revenue for Q2 rose by around 14% YoY, aligning closely with 2Q19 figures. However, net debt to EV of 19.8% is slightly above the industry average of 19.2%. The analyst also lowered the EPS estimates for FY23, FY24, and FY25.

Portfolio Pulse from Nabaparna Bhattacharya

September 22, 2023 | 6:39 pm

ETHUSD

A total of 4,098.33 Ether (ETH) worth $6,509,827 was burned from Ethereum transactions on Thursday. This follows the Ethereum blockchain's implementation of an upgrade known as EIP-1159 in August 2021, which changed the fee model and resulted in the burning of the base fee for each transaction. The net annualized issuance rate for Ether was -3.07% yesterday. Ethereum is currently issuing new Ether at a rate of 4% per year, expected to decrease to around 0.5-1% with the Ethereum 2.0 upgrade.

Portfolio Pulse from Benzinga Insights

September 22, 2023 | 6:00 pm

ATVI

CMCSA

CNK

DIS

GOOG

GOOGL

META

PARA

ROKU

The article reports on the options activity of nine communication services stocks in today's session. The stocks include Meta Platforms Inc. (META), Activision Blizzard Inc. (ATVI), Parametric Technology Corporation (PARA), The Walt Disney Company (DIS), Cinemark Holdings Inc. (CNK), Alphabet Inc. (GOOG and GOOGL), Comcast Corporation (CMCSA), and Roku Inc. (ROKU). The article provides details on the type of options activity (put/call), trade type, sentiment, expiration date, strike price, total trade price, open interest, and volume for each stock.

Portfolio Pulse from Benzinga Insights

September 22, 2023 | 5:35 pm

ABNB

CVNA

CZR

MCD

NKE

OSTK

PLNT

TSLA

Benzinga's options activity scanner has identified unusual trading activity in 10 consumer discretionary stocks. The stocks include Tesla (TSLA), Carvana (CVNA), McDonald's (MCD), Nike (NKE), Li Auto (LI), Planet Fitness (PLNT), Home Depot (HD), Overstock.com (OSTK), Airbnb (ABNB), and Caesars Entertainment (CZR). The article provides detailed information about the options activity for each stock, including the type of option (put or call), the trade type, the sentiment (bearish, bullish, or neutral), the expiration date, the strike price, the total trade price, the open interest, and the volume.

Portfolio Pulse from Benzinga Insights

September 22, 2023 | 5:35 pm

AAPL

AMD

CRM

DDOG

FSLR

IONQ

MSFT

NVDA

SOUN

The article reports on unusual options activity in the Information Technology sector. Ten companies are mentioned: NVDA, AAPL, AMD, SOUN, IONQ, CRM, DDOG, MSFT, FSLR, and PI. The article provides details on the type of options activity (put/call), trade type, sentiment, expiration date, strike price, total trade price, open interest, and volume for each company.

Portfolio Pulse from Benzinga Insights

September 22, 2023 | 5:35 pm

SPY

Federal Reserve Bank of San Francisco President Mary Daly has stated that people are more optimistic about retail real estate than she had anticipated. This statement was made in the context of the recovery of the retail sector from the COVID-19 pandemic.

Portfolio Pulse from Benzinga Newsdesk

September 22, 2023 | 5:31 pm

MELI

A significant bearish stance has been taken on MercadoLibre (NASDAQ:MELI) by a large investor, as indicated by a large position in options. The overall sentiment of these big-money traders is split between 28% bullish and 71% bearish. The whales have been targeting a price range from $900.0 to $1680.0 for MercadoLibre over the last 3 months. UBS and Susquehanna have maintained their Buy and Positive ratings on MercadoLibre respectively, while New Street Research upgraded its action to Buy.

Portfolio Pulse from Benzinga Insights

September 22, 2023 | 5:30 pm

ETHUSD

JPM

JPMorgan's recent research report indicates that the Shanghai upgrade for Ethereum hasn't spurred the anticipated surge in activity on the blockchain. Despite the transition from proof-of-work to proof-of-stake reducing Ethereum's energy consumption by over 99%, the expected uptick in network activity hasn't materialized. The bank's findings show a 12% decline in Ethereum's daily transactions, a nearly 20% drop in daily active addresses, and an almost 8% decrease in the total value locked in decentralized finance on the blockchain since the upgrade.

Portfolio Pulse from Murtuza Merchant

September 22, 2023 | 5:13 pm