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ETHUSD

A total of 3,902.27 Ether (ETH) worth $6,328,397 was burned from Ethereum transactions on Thursday. This follows the Ethereum blockchain's upgrade known as EIP-1159, which changed the fee model and burns a base fee from each transaction. 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. The net annualized issuance rate for Ether was -2.80% yesterday.

Portfolio Pulse from Benzinga Insights

September 15, 2023 | 6:00 pm

DDOG

A significant investor has taken a bullish stance on Datadog (NASDAQ:DDOG), with 60% of the investors opening trades with bullish expectations and 40% with bearish. The whales have been targeting a price range from $82.0 to $125.0 for Datadog over the last 3 months. The price of DDOG is currently down -3.67% at $93.93. TD Cowen, Citigroup, and Needham have given price targets of $120, $125, and $110 respectively.

Portfolio Pulse from Benzinga Insights

September 15, 2023 | 5:48 pm

INTC

TSM

Intel Corporation (NASDAQ:INTC) shares are trading lower amid weakness in semiconductor and chip stocks. This is due to Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) reportedly telling its suppliers to postpone the delivery of high-end chipmaking equipment amid demand uncertainty. Intel, a significant customer of TSMC, could face potential disruptions in its supply chain and production capabilities.

Portfolio Pulse from Henry Khederian

September 15, 2023 | 5:45 pm

Micron Technology Inc's shares are trading lower due to weakness in semiconductor and chip stocks. This is reportedly due to Taiwan Semiconductor Manufacturing Company (TSMC) instructing its suppliers to postpone the delivery of high-end chipmaking equipment amid demand uncertainty. This could potentially cause delays in the supply of critical components to companies like Micron, disrupting their production schedules and increasing costs.

Portfolio Pulse from Henry Khederian

September 15, 2023 | 5:41 pm

BAX

BMRN

BMY

CAH

HOLX

LLY

SGEN

SRPT

SYK

TMO

Benzinga's options activity scanner has identified significant options activity in the Health Care sector. Notable trades include bearish put options for TMO, BMRN, BAX, and SGEN, bullish call options for HOLX, SYK, SRPT, and LLY, and neutral put options for CAH and BMY.

Portfolio Pulse from Benzinga Insights

September 15, 2023 | 5:35 pm

ABNB

CAVA

CVNA

DHI

DKS

MCD

MGM

RCL

TSLA

The article reports on unusual options activity in the Consumer Discretionary sector. Ten companies are mentioned: Tesla (TSLA), Carvana (CVNA), Ford (F), Airbnb (ABNB), MGM Resorts (MGM), Royal Caribbean (RCL), Cava (CAVA), D.R. Horton (DHI), McDonald's (MCD), and Dick's Sporting Goods (DKS). 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 15, 2023 | 5:35 pm

AAPL

AMD

AVGO

CSCO

INTC

KLAC

MCHP

MSFT

NVDA

The article reports on the options activity of 10 Information Technology stocks, including AAPL, NVDA, CSCO, AMD, MSFT, INTC, MU, MCHP, KLAC, and AVGO. The options activity is tracked by Benzinga's options activity scanner, which monitors the transactions of entities with large sums of money, known as 'whales'. The article provides detailed information on the type of trade, sentiment, expiration date, strike price, total trade price, open interest, and volume for each stock.

Portfolio Pulse from Benzinga Insights

September 15, 2023 | 5:35 pm

UPS

A significant investor has taken a bearish stance on United Parcel Service (NYSE:UPS), with 80% of recent trades being bearish. The targeted price range for UPS over the last 3 months is $125.0 to $210.0. The current price of UPS is down -0.52% at $159.9. Analysts from Citigroup, B of A Securities, Evercore ISI Group, and TD Cowen maintain their ratings on UPS, while Stephens & Co. downgraded its action to Equal-Weight.

Portfolio Pulse from Benzinga Insights

September 15, 2023 | 5:33 pm

BIIB

Biogen (NASDAQ:BIIB) has outperformed the market over the past 15 years, producing an average annual return of 12.4%. If an investor had bought $100 of BIIB stock 15 years ago, it would be worth $555.61 today.

Portfolio Pulse from Benzinga Insights

September 15, 2023 | 5:30 pm

MCO

Over the past 10 years, Moody's (NYSE:MCO) has outperformed the market by 7.07% on an annualized basis, producing an average annual return of 16.97%. If an investor had bought $1000 of MCO stock 10 years ago, it would be worth $4,807.18 today.

Portfolio Pulse from Benzinga Insights

September 15, 2023 | 5:30 pm