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DG

A significant bearish stance has been taken on Dollar General (NYSE:DG) as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 39% bullish and 60% bearish. The price of DG is down -3.19% at $153.46, and RSI indicators suggest that the stock may be oversold. Next earnings are expected to be released in 7 days.

Portfolio Pulse from Benzinga Insights

August 24, 2023 | 6:33 pm

GM

A significant amount of unusual options activity has been detected for General Motors (NYSE:GM), with a bearish stance being taken by a majority of investors. Of the 11 strange trades detected, 54% were bearish and 45% were bullish. The total amount for the 8 puts was $687,197 and for the 3 calls was $106,289. Whales have been targeting a price range from $25.0 to $55.0 for GM over the last 3 months. The current price of GM is down -1.91% at $32.92. Several financial institutions have given their ratings and price targets for GM.

Portfolio Pulse from Benzinga Insights

August 24, 2023 | 6:17 pm

ON

Unusual options activity has been observed for ON Semiconductor (NASDAQ:ON), with a large position indicating a bullish stance. The sentiment among these big-money traders is split between 58% bullish and 41% bearish. The price target for ON Semiconductor over the last 3 months has been between $45.0 to $120.0. The current price of ON is down -2.17% at $90.86. Analysts from Susquehanna, Baird, Goldman Sachs, Mizuho, and Keybanc have maintained their positive ratings on ON Semiconductor.

Portfolio Pulse from Benzinga Insights

August 24, 2023 | 6:17 pm

ABNB

A significant amount of unusual options activity has been observed for Airbnb (NASDAQ:ABNB), with both bullish and bearish stances taken by investors. The majority of the trades are puts, with a total amount of $380,441, and calls amounting to $102,577. Whales have been targeting a price range from $110.0 to $142.0 for Airbnb over the last 3 months. The current price of ABNB is down -1.96% at $125.62. Analysts have mixed ratings on Airbnb, with price targets ranging from $105 to $162.

Portfolio Pulse from Benzinga Insights

August 24, 2023 | 6:02 pm

ETHUSD

A total of 4,859.63 Ether (ETH) worth $8,011,059 was burned from Ethereum transactions on Wednesday. This follows the implementation of the Ethereum improvement proposal EIP-1159 on August 5th, 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 yesterday was -4.73%.

Portfolio Pulse from Benzinga Insights

August 24, 2023 | 6:00 pm

BP

CMCSA

DIS

GOOG

GOOGL

IQ

META

SE

T

The article reports on the recent options activity in the Communication Services sector. It highlights the transactions of 'whales', entities with large sums of money, in several US-listed companies including Alphabet Inc. (GOOGL), Walt Disney Co. (DIS), Google Inc. (GOOG), iQIYI Inc. (IQ), Meta Platforms Inc. (META), BP Plc (BP), Comcast Corporation (CMCSA), Sea Limited (SE), and AT&T Inc. (T). The article provides details on the type of options trade, sentiment, expiration date, strike price, total trade price, open interest, and volume for each company.

Portfolio Pulse from Benzinga Insights

August 24, 2023 | 5:35 pm

BKNG

BURL

CVNA

LULU

MAR

NKE

RH

RIVN

TSLA

W

Benzinga's options activity scanner has identified unusual trading activity in 10 consumer discretionary stocks. The stocks include Tesla (TSLA), Carvana (CVNA), Nike (NKE), Rivian (RIVN), Burlington Stores (BURL), Booking Holdings (BKNG), Lululemon Athletica (LULU), RH (RH), Wayfair (W), and Marriott International (MAR). The activity includes both bullish and bearish sentiments, with varying expiration dates and strike prices.

Portfolio Pulse from Benzinga Insights

August 24, 2023 | 5:35 pm

WDAY

A significant bullish stance has been taken on Workday (NASDAQ:WDAY) by a large investor, as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 52% bullish and 47% bearish. The whales have been targeting a price range from $185.0 to $310.0 for Workday over the last 3 months. The price of WDAY is up 0.14% at $230.53.

Portfolio Pulse from Benzinga Insights

August 24, 2023 | 5:31 pm

INTU

A significant bullish stance has been taken on Intuit (NASDAQ:INTU) as evidenced by unusual options activity. The sentiment among big-money traders is split 50% bullish and 50% bearish. The targeted price range for Intuit over the last 3 months is from $480.0 to $520.0. Analysts from Jefferies, Barclays, Mizuho, BMO Capital, and Wells Fargo have maintained their positive ratings on Intuit with price targets ranging from $550 to $600.

Portfolio Pulse from Benzinga Insights

August 24, 2023 | 5:15 pm

GE

A significant bearish stance has been taken on General Electric (NYSE:GE) as indicated by unusual options activity. The sentiment among big-money traders is split between 44% bullish and 55% bearish. The majority of the options uncovered are puts, with a total amount of $1,146,698, and there was 1 call, for a total amount of $32,625. Whales have been targeting a price range from $90.0 to $120.0 for General Electric over the last 3 months.

Portfolio Pulse from Benzinga Insights

August 24, 2023 | 5:01 pm