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PXD

A significant bearish stance has been taken on Pioneer Natural Resources (NYSE:PXD) by a large investor, as observed in the unusual options activity. The sentiment among these big-money traders is split between 46% bullish and 53% bearish. The targeted price range for PXD over the last 3 months is from $130.0 to $250.0. The current price of PXD is up 2.02% at $234.63, and RSI indicators suggest that the stock may be overbought.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 7:01 pm

YELL

Trucking company Yellow Corp is considering selling its assets through a bankruptcy filing, according to Bloomberg.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 6:50 pm

PRTYQ

Party City is reportedly in talks with its creditors to spin off its balloon business, according to Bloomberg. The move is seen as a strategy to alleviate the company's financial stress.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 6:46 pm

MRK

A significant bearish stance has been taken on Merck & Co (NYSE:MRK) by a large investor, as observed in the options history. The overall sentiment among big-money traders is split between 45% bullish and 54% bearish. The targeted price range for Merck & Co over the last 3 months has been $95.0 to $110.0. The current price of MRK is down -0.7% at $104.99. Analysts from Truist Securities and Morgan Stanley have maintained their Buy and Equal-Weight ratings respectively, while HSBC has downgraded its action to Hold.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 6:31 pm

NOW

A significant amount of unusual options activity has been observed for ServiceNow (NYSE:NOW), with a bearish stance taken by a whale investor. Of the 21 strange trades detected, 47% were bullish and 52% were bearish. The total amount for puts was $445,510 and for calls was $1,652,241. Whales have been targeting a price range from $400.0 to $660.0 for ServiceNow over the last 3 months. Several experts have maintained their positive ratings on ServiceNow, with price targets ranging from $600 to $700.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 6:31 pm

ETHUSD

A total of 4,760.98 Ether (ETH) worth $8,767,440 was burned from Ethereum transactions on Thursday. This follows the Ethereum blockchain's upgrade known as EIP-1159, which changed the fee model and includes 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 was -4.80% yesterday.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 6:00 pm

RCL

A significant bearish stance has been taken on Royal Caribbean Gr (NYSE:RCL) by a large investor, as indicated by a large position in options. The sentiment among these big-money traders is 90% bearish and 10% bullish. The whales have been targeting a price range from $50.0 to $106.0 for Royal Caribbean over the last 3 months. Several financial institutions have maintained their ratings on RCL, with price targets ranging from $113 to $132.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 5:46 pm

CAT

HON

IEP

NKLA

NOC

SNCY

VRT

The article reports on the options activity of 10 industrial stocks in today's session. The stocks mentioned are NKLA, SNCY, CAT, WM, BA, VRT, NOC, HON, DE, and IEP. The article provides detailed information about the type of options activity (put/call), trade type, sentiment, expiration date, strike price, total trade price, open interest, and volume for each stock.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 5:35 pm

CVNA

EXPE

MGM

NIO

NKE

TCOM

TSLA

TUP

The article reports on the options activity of 10 consumer discretionary stocks. The stocks mentioned are Tupperware Brands Corporation (TUP), Wayfair Inc. (W), Tesla Inc. (TSLA), Trip.com Group Limited (TCOM), Nike Inc. (NKE), Carvana Co. (CVNA), Ford Motor Company (F), MGM Resorts International (MGM), Expedia Group Inc. (EXPE), and NIO Inc. (NIO). The article provides details on the type of options activity (put/call), trade type, sentiment, expiration date, strike price, total trade price, open interest, and volume for each stock.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 5:35 pm

UNG

USO

The U.S. Baker Hughes Oil Rig Count has decreased by 4 from last week to 525, while the U.S. Baker Hughes Gas Rig Count remains unchanged at 128.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 5:04 pm