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DELL

A significant bearish stance has been taken on Dell Technologies (NYSE:DELL) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split between 33% bullish and 66% bearish. The price range targeted by these investors for Dell Technologies over the last 3 months is from $20.0 to $80.0. The current price of DELL is up 3.48% at $70.47. Several financial institutions have maintained their ratings on Dell, with price targets ranging from $53 to $70.

Portfolio Pulse from Benzinga Insights

September 06, 2023 | 8:16 pm

GME

GameStop reported that its cash, cash equivalents, and marketable securities were $1.195 billion at the end of the quarter.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2023 | 8:06 pm

CRGY

Crescent Energy is set to acquire an incremental working interest in its operated Western Eagle Ford assets for a total consideration of $250M in cash. This follows a recent $600M acquisition of operatorship of the same position that closed in July 2023. The transaction is expected to be immediately accretive to operating cash flow, free cash flow, and net asset value.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2023 | 8:04 pm

ALGN

Align Technology, Inc. (NASDAQ:ALGN) has announced its plans to acquire Cubicure GmbH, a pioneer in direct 3D printing solutions. The acquisition is expected to strengthen Align's digital platform and its capabilities in direct 3D printing. The purchase price for the transaction will be approximately €79 million and the acquisition is expected to close in Q4 2023 or early 2024.

Portfolio Pulse from Happy Mohamed

September 06, 2023 | 8:02 pm

SPOT

A significant bearish stance has been taken on Spotify Technology (NYSE:SPOT) by a large investor, as observed in the unusual options activity. The sentiment among these big-money traders is split between 45% bullish and 54% bearish. The whales have been targeting a price range from $55.0 to $180.0 for Spotify over the last 3 months. Truist Securities maintains their Buy rating on Spotify, with a price target of $176.

Portfolio Pulse from Benzinga Insights

September 06, 2023 | 8:01 pm

BKNG

A significant bearish stance has been taken on Booking Holdings (NASDAQ:BKNG) by a large investor, as observed in the unusual options activity. The sentiment among these big-money traders is split between 40% bullish and 60% bearish. The whales have been targeting a price range from $2900.0 to $3800.0 for Booking Holdings over the last 3 months. Tigress Financial maintains a Strong Buy rating on Booking Holdings with a price target of $3855, while Morgan Stanley maintains an Equal-Weight rating with a price target of $3000.

Portfolio Pulse from Benzinga Insights

September 06, 2023 | 8:00 pm

BUD

A significant bearish stance has been taken on Anheuser-Busch InBev (NYSE:BUD) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is 33% bullish and 66% bearish. The whales have been targeting a price range from $40.0 to $70.0 for Anheuser-Busch InBev over the last 3 months. The current price of BUD is up 0.66% at $56.09.

Portfolio Pulse from Benzinga Insights

September 06, 2023 | 8:00 pm

XOM

Exxon Mobil (NYSE:XOM) has seen unusual options activity, with a significant number of bullish trades. Of the 12 strange trades detected, 58% were bullish and 41% bearish. The total amount for puts was $86,475 and for calls was $476,530. Whales have been targeting a price range from $110.0 to $130.0 for Exxon Mobil over the last 3 months. The current price of XOM is up 0.7% at $114.32. Analysts from Morgan Stanley, Redburn Partners, Mizuho, and UBS have maintained their ratings on Exxon Mobil with price targets ranging from $105 to $139.

Portfolio Pulse from Benzinga Insights

September 06, 2023 | 7:31 pm

PINS

Pinterest, Inc. (NYSE:PINS) shares are trading lower alongside other social media stocks due to overall weakness in tech-related sectors on rising yields. Rising treasury yields have put pressure on the market, with the rate-sensitive two-year Treasury yields increasing by 15-basis points, climbing over 5%. This has made it more difficult for companies to attain capital, driving the market downward. Pinterest shares are down over 4%.

Portfolio Pulse from Ryan Gustafson

September 06, 2023 | 7:27 pm

IRS

IRSA has announced its FY23 results, recording a profit of ARS 58,094 million, 22.8% lower than FY22. Rental adjusted EBITDA increased by 24.9% driven by the Shopping Centers and Hotels segments. Mall tenant sales grew by 16.0% and occupancy reached 97.4%. The company sold properties for a total of USD 163.7 million and reduced net debt by 67% since 2020. Dividends were distributed twice this fiscal year for a total of USD 124.1 million and the company repurchased 1.7% of its capital stock.

Portfolio Pulse from Happy Mohamed

September 06, 2023 | 7:07 pm