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ESTE

PR

Permian Resources Corporation (NYSE:PR) has announced a $4.5 billion all-stock acquisition of Earthstone Energy, Inc. (NYSE:ESTE). Susquehanna analyst Biju Perincheril believes the deal will boost PR's production by 80% and has raised the price target for PR from $11 to $14. The acquisition more than doubles PR's net acreage position, with potential for future monetization of assets in the Midland Basin. Operational synergies of $115 million are expected, but the analyst suggests these could be exceeded.

Portfolio Pulse from Nabaparna Bhattacharya

August 22, 2023 | 7:26 pm

DXCM

A significant bearish stance has been taken on DexCom (NASDAQ:DXCM) by a large investor or institution, as indicated by unusual options trading activity. The sentiment among these big-money traders is 15% bullish and 84% bearish. The whales have been targeting a price range from $75.0 to $120.0 for DexCom over the last 3 months. Despite this, several financial institutions have maintained positive ratings on DexCom, with price targets ranging from $130 to $160.

Portfolio Pulse from Benzinga Insights

August 22, 2023 | 7:16 pm

ATOMUSD

Cosmos Hub's (CRYPTO: ATOM) price has decreased by 3.22% over the past 24 hours to $7.31, continuing its downward trend over the past week of -10.0%. The trading volume for the coin has increased by 26.0% over the past week while the overall circulating supply of the coin has increased by 0.07% to over 292.59 million. The current market cap ranking for ATOM is #30 at $2.14 billion.

Portfolio Pulse from Benzinga Insights

August 22, 2023 | 7:00 pm

HBARUSD

Hedera's (CRYPTO: HBAR) price has fallen 3.84% to $0.06 in the past 24 hours, continuing its negative trend over the past week with a 13.0% loss. The trading volume for the coin has fallen 63.0% over the past week, moving in tandem with the overall circulating supply of the coin, which has decreased 0.18%. The current market cap ranking for HBAR is #31 at $1.94 billion.

Portfolio Pulse from Benzinga Insights

August 22, 2023 | 7:00 pm

XLMUSD

Stellar's (CRYPTO: XLM) price has decreased by 4.49% over the past 24 hours to $0.12, continuing its downward trend over the past week of -8.0%. The trading volume for the coin has tumbled 20.0% over the past week while the circulating supply of the coin has risen 0.3%. The current market cap ranking for XLM is #24 at $3.23 billion.

Portfolio Pulse from Benzinga Insights

August 22, 2023 | 7:00 pm

COF

A significant investor has taken a bearish stance on Capital One Financial (NYSE:COF), with 64% of recent trades being bearish and 35% bullish. The total amount for puts was $1,983,717 and for calls was $667,800. The targeted price range for the last 3 months was $100.0 to $130.0. The current price of COF is down -2.65% at $101.62, and RSI indicators suggest the stock may be oversold.

Portfolio Pulse from Benzinga Insights

August 22, 2023 | 6:46 pm

MA

A significant number of investors have taken a bullish stance on Mastercard (NYSE:MA), with 56% of investors opening trades with bullish expectations. The price target for Mastercard over the last 3 months has been between $370.0 to $490.0. Several financial institutions including BMO Capital, JP Morgan, Credit Suisse, Barclays, and Susquehanna have maintained positive ratings on Mastercard with price targets ranging from $430 to $510.

Portfolio Pulse from Benzinga Insights

August 22, 2023 | 6:45 pm

BTCUSD

Bloomberg Intelligence's macro strategist, Mike McGlone, suggests that the era of substantial Bitcoin price surges might be ending. He points to the convergence of Bitcoin's volatility with that of gold, indicating that Bitcoin's price swings are becoming less extreme. This could be a sign of growing confidence among institutional investors and wider acceptance of Bitcoin as a 'store of value'.

Portfolio Pulse from Murtuza Merchant

August 22, 2023 | 6:41 pm

AWK

Illinois American Water, a subsidiary of American Water (AWK), has acquired the Village of Broadlands water system for $425,000. The acquisition, approved by the Illinois Commerce Commission, adds 155 water customers to the company's eastern Illinois service area. The company plans to invest in critical infrastructure improvements in the first year.

Portfolio Pulse from Happy Mohamed

August 22, 2023 | 6:39 pm

LHX

L3Harris Technologies (NYSE:LHX) has outperformed the market over the past 20 years, producing an average annual return of 12.66%. If an investor had bought $100 of LHX stock 20 years ago, it would be worth $1,092.20 today.

Portfolio Pulse from Benzinga Insights

August 22, 2023 | 6:30 pm