Streetbeat News

Assets

DCTH

Delcath Systems, Inc. has announced an additional $35M in funding, which is tied to the FDA approval of their HEPZATO KIT.

Portfolio Pulse from Bill Haddad

September 01, 2023 | 6:08 pm

COST

Costco Wholesale (NASDAQ:COST) has outperformed the market over the past 5 years by 9.06% on an annualized basis, producing an average annual return of 18.27%. If an investor had bought $100 of COST stock 5 years ago, it would be worth $231.42 today. Costco Wholesale has a market capitalization of $240.67 billion.

Portfolio Pulse from Benzinga Insights

September 01, 2023 | 6:00 pm

ETHUSD

A total of 4,683.09 Ether (ETH) worth $7,527,975 was burned from Ethereum transactions on Thursday. This follows the implementation of the EIP-1159 upgrade on the Ethereum blockchain in August 2021, which changed the fee model and introduced a variable base fee that is burned, permanently removing it from circulation. 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 -4.32% yesterday.

Portfolio Pulse from Benzinga Insights

September 01, 2023 | 6:00 pm

KO

A significant bullish stance on Coca-Cola (NYSE:KO) has been observed through unusual options activity. The sentiment among these big-money traders is 81% bullish and 18% bearish. The options trades include 10 puts amounting to $359,591 and 1 call amounting to $88,000. The targeted price range for Coca-Cola over the last 3 months is from $50.0 to $90.0. The current price of KO is down -1.1% at $59.17.

Portfolio Pulse from Benzinga Insights

September 01, 2023 | 5:48 pm

AAL

BA

CAT

ITT

LMT

NOC

UAL

UPS

Benzinga's options activity scanner has detected significant trading activity in eight industrial stocks. The stocks include Boeing (BA), United Airlines (UAL), Lockheed Martin (LMT), ITT Inc. (ITT), American Airlines (AAL), Caterpillar (CAT), United Parcel Service (UPS), and Northrop Grumman (NOC). The activity includes both bullish and bearish sentiments, with varying expiration dates and strike prices.

Portfolio Pulse from Benzinga Insights

September 01, 2023 | 5:35 pm

PEP

A significant bearish stance has been taken on PepsiCo (NASDAQ:PEP) by a large investor or institution, as indicated by unusual options activity. The sentiment among these big-money traders is 30% bullish and 70% bearish. The whales have been targeting a price range from $145.0 to $190.0 for PepsiCo over the last 3 months. The price of PEP is currently down -1.78% at $174.75.

Portfolio Pulse from Benzinga Insights

September 01, 2023 | 5:33 pm

UPS

A significant investor has taken a bullish stance on United Parcel Service (NYSE:UPS), with 50% of the investors opening trades with bullish expectations and 50% with bearish. The price target for UPS over the last 3 months ranges from $130.0 to $210.0. The current price of UPS is down -0.91% at $167.87. Barclays, Oppenheimer, BMO Capital, JP Morgan, and UBS have maintained their ratings on UPS with price targets ranging from $180 to $195.

Portfolio Pulse from Benzinga Insights

September 01, 2023 | 5:33 pm

MLM

Martin Marietta Materials (NYSE:MLM) has outperformed the market over the past 10 years by 6.51% on an annualized basis, producing an average annual return of 17.02%. If an investor had bought $1000 of MLM stock 10 years ago, it would be worth $4,814.46 today.

Portfolio Pulse from Benzinga Insights

September 01, 2023 | 5:30 pm

CNC

Centene (NYSE:CNC) has outperformed the market over the past 20 years, producing an average annual return of 14.15%. If an investor had bought $1000 of CNC stock 20 years ago, it would be worth $14,103.07 today. The company currently has a market capitalization of $32.97 billion.

Portfolio Pulse from Benzinga Insights

September 01, 2023 | 5:30 pm

BABA

A significant amount of unusual options activity has been detected for Alibaba Group Holding (NYSE:BABA), with a slightly bearish stance. Of the 50 strange trades detected, 48% were bullish and 52% were bearish. The total amount for puts was $411,877 and for calls was $2,069,857. Whales have been targeting a price range from $25.0 to $255.0 for Alibaba over the last 3 months. The current price of BABA is up 2.65% at $95.36. Several financial institutions have maintained their positive ratings on Alibaba, with price targets ranging from $120 to $180.

Portfolio Pulse from Benzinga Insights

September 01, 2023 | 5:18 pm