Streetbeat News

Assets

DLR

A significant amount of unusual options activity has been observed for Digital Realty Trust (NYSE:DLR), with a majority of investors taking a bullish stance. The price target range for DLR over the last 3 months has been $50.0 to $145.0. The current price of DLR is $131.66, up 0.99%. Barclays, Citigroup, Deutsche Bank, and RBC Capital have maintained their ratings on DLR, with price targets of $94, $136, $131, and $140 respectively.

Portfolio Pulse from Benzinga Insights

August 30, 2023 | 8:16 pm

ACER

Acer Therapeutics has reacquired worldwide development, commercialization, and economic rights to OLPRUVA from Relief Therapeutics, excluding Europe. Relief Therapeutics will receive $10M and an additional $1.5M.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2023 | 8:16 pm

RACE

Ferrari (NYSE:RACE) has outperformed the market over the past 5 years by 10.79% on an annualized basis, producing an average annual return of 20.03%. If an investor had bought $1000 of RACE stock 5 years ago, it would be worth $2,491.56 today.

Portfolio Pulse from Benzinga Insights

August 30, 2023 | 8:00 pm

MCK

Over the past 20 years, McKesson (NYSE:MCK) has outperformed the market by 5.64% on an annualized basis, producing an average annual return of 13.27%. If an investor had bought $1000 of MCK stock 20 years ago, it would be worth $12,310.20 today.

Portfolio Pulse from Benzinga Insights

August 30, 2023 | 8:00 pm

BTCUSD

GBTC

Following Grayscale's (OTC:GBTC) recent victory over the Securities and Exchange Commission (SEC), Bloomberg ETF experts, James Seyffart and Eric Balchunas, have increased their predictions for the approval of a spot Bitcoin (CRYPTO: BTC) ETF to 75% in 2023, and nearly guaranteed by the end of 2024. They believe the SEC has limited options to continue denying spot Bitcoin ETF applications after the Grayscale case.

Portfolio Pulse from Murtuza Merchant

August 30, 2023 | 7:54 pm

DOW

A significant investor has taken a bullish stance on Dow (NYSE:DOW), with 70% of recent trades being bullish and 30% bearish. The total amount for put options is $145,825 and for call options is $319,480. The targeted price range for Dow over the last 3 months is from $30.0 to $100.0. The current price of DOW is down -0.97% at $54.7, and the next earnings are expected in 55 days.

Portfolio Pulse from Benzinga Insights

August 30, 2023 | 7:47 pm

DVN

Unusual options activity has been observed for Devon Energy (NYSE:DVN), with a bearish stance taken by a large investor. The sentiment among these big-money traders is split between 36% bullish and 63% bearish. The whales have been targeting a price range from $45.0 to $60.0 for Devon Energy over the last 3 months. Several financial institutions have maintained their ratings on Devon Energy, with price targets ranging from $55 to $79.

Portfolio Pulse from Benzinga Insights

August 30, 2023 | 7:31 pm

TDG

TransDigm Gr (NYSE:TDG) has outperformed the market over the past 15 years, producing an average annual return of 24.09%. If an investor had bought $1000 of TDG stock 15 years ago, it would be worth $24,358.49 today. The company currently has a market capitalization of $49.87 billion.

Portfolio Pulse from Benzinga Insights

August 30, 2023 | 7:30 pm

AMP

Ameriprise Finl (NYSE:AMP) has outperformed the market over the past 5 years by 9.72% on an annualized basis, producing an average annual return of 18.98%. If an investor had bought $1000 of AMP stock 5 years ago, it would be worth $2,384.50 today.

Portfolio Pulse from Benzinga Insights

August 30, 2023 | 7:30 pm

CFG

FCNCA

FITB

HBAN

KEY

MTB

RF

The Federal Reserve is pushing for enhanced liquidity planning and addressing technology flaws in regional banks, following a series of bank failures this year. Banks such as Citizens Financial Group Inc., Fifth Third Bancorp, and M&T Bank Corp. have received confidential warnings. The regulatory scrutiny has also extended to Category IV banks, including KeyCorp, Huntington Bancshares Inc., Regions Financial Corp., and First Citizens BancShares Inc. This increased scrutiny could lead to higher costs for compliance and risk management for these banks.

Portfolio Pulse from Piero Cingari

August 30, 2023 | 7:05 pm