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KR

A significant bearish stance has been taken on Kroger (NYSE:KR) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split, with 40% bullish and 60% bearish. The whales have been targeting a price range from $40.0 to $50.0 for Kroger over the last 3 months. Telsey Advisory Group has downgraded its action to Outperform with a price target of $55.

Portfolio Pulse from Benzinga Insights

September 13, 2023 | 6:16 pm

ABBV

A significant amount of unusual options activity has been detected for AbbVie (NYSE:ABBV), with a bearish stance being taken by a whale investor. Of the 16 strange trades detected, 43% were bullish and 56% were bearish. The trades included 2 puts amounting to $59,185 and 14 calls amounting to $680,506. The targeted price range for AbbVie over the last 3 months has been between $70.0 and $190.0. The current price of ABBV is up 1.78% at $151.92, with RSI indicators suggesting it may be approaching overbought.

Portfolio Pulse from Benzinga Insights

September 13, 2023 | 6:15 pm

FMX

Fomento Economico (NYSE:FMX) has outperformed the market over the past 20 years, producing an average annual return of 11.32%. If an investor had bought $100 of FMX stock 20 years ago, it would be worth $853.77 today. The company currently has a market capitalization of $192.62 billion.

Portfolio Pulse from Benzinga Insights

September 13, 2023 | 6:00 pm

FTNT

Over the past 10 years, Fortinet (NASDAQ:FTNT) has outperformed the market by 21.19% on an annualized basis, producing an average annual return of 31.29%. If an investor had bought $100 of FTNT stock 10 years ago, it would be worth $1,541.91 today.

Portfolio Pulse from Benzinga Insights

September 13, 2023 | 6:00 pm

ETHUSD

On Tuesday, 3,292.33 Ether (ETH) worth $5,266,484 was burned from Ethereum transactions. 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 yesterday was -1.75%.

Portfolio Pulse from Benzinga Insights

September 13, 2023 | 6:00 pm

NVO

A large bearish position has been taken on Novo Nordisk (NYSE:NVO), as observed in publicly available options history. The overall sentiment of these big-money traders is split between 31% bullish and 68% bearish. The whales have been targeting a price range from $160.0 to $210.0 for Novo Nordisk over the last 3 months. The price of NVO is currently down -1.82% at $193.16.

Portfolio Pulse from Benzinga Insights

September 13, 2023 | 5:46 pm

ABNB

CAVA

CHWY

F

FFIE

GM

HBI

MGM

TPX

TSLA

Benzinga's options activity scanner has identified significant trading activity in 10 consumer discretionary stocks. The stocks include Tesla (TSLA), Faraday Future Intelligent Electric (FFIE), Ford (F), General Motors (GM), MGM Resorts (MGM), Cava Group (CAVA), Airbnb (ABNB), Chewy (CHWY), Tempur Sealy (TPX), and Hanesbrands (HBI). The options activity ranges from bullish to bearish sentiment, with varying expiration dates and strike prices.

Portfolio Pulse from Benzinga Insights

September 13, 2023 | 5:35 pm

DE

A significant bearish stance has been taken on Deere (NYSE:DE) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split, with 40% bullish and 60% bearish. The whales have been targeting a price range from $390.0 to $420.0 for Deere over the last 3 months. Analysts from Stifel, Oppenheimer, Deutsche Bank, Credit Suisse, and UBS have maintained their ratings on Deere, with price targets ranging from $407 to $551.

Portfolio Pulse from Benzinga Insights

September 13, 2023 | 5:30 pm

MLM

Martin Marietta Materials (NYSE:MLM) has outperformed the market over the past 5 years, producing an average annual return of 17.34%. If an investor had bought $100 of MLM stock 5 years ago, it would be worth $225.02 today.

Portfolio Pulse from Benzinga Insights

September 13, 2023 | 5:30 pm

AMT

American Tower (NYSE:AMT) has outperformed the market over the past 15 years, producing an average annual return of 10.63%. If an investor had bought $100 of AMT stock 15 years ago, it would be worth $499.58 today. The company currently has a market capitalization of $82.46 billion.

Portfolio Pulse from Benzinga Insights

September 13, 2023 | 5:30 pm