Streetbeat News

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MU

A significant bearish stance has been taken on Micron Technology (NASDAQ:MU) by a large investor, as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 39% bullish and 60% bearish. The whales have been targeting a price range from $50.0 to $90.0 for Micron Technology over the last 3 months. The price of MU is currently up 2.42% at $66.89.

Portfolio Pulse from Benzinga Insights

August 29, 2023 | 7:46 pm

GS

A large bearish position has been taken on Goldman Sachs Gr (NYSE:GS), as observed in publicly available options history. The overall sentiment of these big-money traders is split between 38% bullish and 61% bearish. Whales have been targeting a price range from $150.0 to $460.0 for Goldman Sachs Gr over the last 3 months. Atlantic Equities upgraded its action to Neutral with a price target of $351, while Oppenheimer maintained their Outperform rating with a price target of $461.

Portfolio Pulse from Benzinga Insights

August 29, 2023 | 7:46 pm

ENPH

Enphase Energy (NASDAQ:ENPH) has seen unusual options activity, with a large bearish position appearing in publicly available options history. The overall sentiment of these big-money traders is split between 32% bullish and 67% bearish. Out of the special options, 27 are puts, for a total amount of $960,270, and 4 are calls, for a total amount of $345,438. Whales have been targeting a price range from $90.0 to $165.0 for Enphase Energy over the last 3 months. Goldman Sachs, Keybanc, and Truist Securities have all maintained their positive ratings on Enphase Energy.

Portfolio Pulse from Benzinga Insights

August 29, 2023 | 7:46 pm

NKLA

Nikola Corporation's shares are trading higher despite a 50.94% drop for the month. The company recently announced an agreement to sell up to $325 million in senior convertible notes, expecting to generate net proceeds of about $124.5 million. This news led to a fall in the stock price. Additionally, Nikola voluntarily recalled approximately 209 Class 8 Tre battery-electric vehicles, causing another dip in shares. The company's stock also traded lower following the sudden resignation of President and CEO Michael Lohscheller in early August.

Portfolio Pulse from Ryan Gustafson

August 29, 2023 | 7:42 pm

WBA

A significant amount of unusual options activity has been detected for Walgreens Boots Alliance (NASDAQ:WBA), with a bearish stance being taken by a majority of investors. Of the 10 strange trades detected, 60% were bearish and 40% bullish. The total amount for puts was $844,764 and for calls was $86,648. Whales have been targeting a price range from $20.0 to $50.0 for Walgreens Boots Alliance over the last 3 months. The current price of WBA is up 0.85% at $25.39. Credit Suisse has maintained their Neutral rating on Walgreens Boots Alliance, with a price target of $30.

Portfolio Pulse from Benzinga Insights

August 29, 2023 | 7:31 pm

AFRM

Unusual options activity has been observed for Affirm Holdings (NASDAQ:AFRM), with a bearish stance taken by a large investor. The overall sentiment of these big-money traders is split between 36% bullish and 63% bearish. The whales have been targeting a price range from $15.0 to $25.0 for Affirm Holdings over the last 3 months. The price of AFRM is up 6.77% at $19.16. Barclays downgraded its action to Overweight with a price target of $19, while Wedbush, Morgan Stanley, and JP Morgan maintained their ratings with price targets of $10, $15, and $18 respectively.

Portfolio Pulse from Benzinga Insights

August 29, 2023 | 7:30 pm

ATKR

Over the past 5 years, Atkore (NYSE:ATKR) has outperformed the market by 31.45% on an annualized basis, producing an average annual return of 40.58%. If an investor had bought $1000 of ATKR stock 5 years ago, it would be worth $5,506.94 today.

Portfolio Pulse from Benzinga Insights

August 29, 2023 | 7:30 pm

SPGI

S&P Global (NYSE:SPGI) has outperformed the market over the past 10 years by 10.11% on an annualized basis, producing an average annual return of 20.67%. If an investor had bought $100 of SPGI stock 10 years ago, it would be worth $654.59 today.

Portfolio Pulse from Benzinga Insights

August 29, 2023 | 7:30 pm

MSFT

NVDA

SMCI

UBS analyst Karl Keirstead reiterated a Buy rating on Microsoft Corp with a price target of $400. He highlighted the risk of GPU supply constraints from Nvidia Corp for Microsoft's AI ambitions. The AI opportunity that has powered the material out-performance in technology stocks this year primarily comes from Nvidia, the dominant provider of GPUs. GPU demand is out-stripping supply, which is evident in Super Micro Computer, Inc's recent quarterly results.

Portfolio Pulse from Anusuya Lahiri

August 29, 2023 | 7:21 pm

HL

Hecla Mining's (NYSE:HL) short percent of float has risen 7.91% since its last report, with 18.30 million shares sold short, which is 3.0% of all regular shares available for trading. It would take traders 3.13 days to cover their short positions on average. The company has less short interest than most of its peers, with the average for its peer group being 4.55%.

Portfolio Pulse from Benzinga Insights

August 29, 2023 | 7:15 pm