Streetbeat News

Assets

ABNB

A large bearish position has been taken on Airbnb (NASDAQ:ABNB), with 23 uncommon options trades spotted, split between 26% bullish and 73% bearish. The total amount for puts is $958,270 and for calls is $489,381. Whales have been targeting a price range from $125.0 to $170.0 for Airbnb over the last 3 months. The price of ABNB is down -2.35% at $141.16. Analysts from Morgan Stanley, Needham, Keybanc, Argus Research, and B of A Securities have maintained their ratings on Airbnb.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 1:55 pm

MA

A significant bearish stance has been taken on Mastercard (NYSE:MA) with 26 unusual options trades spotted, 25 of which are puts. The overall sentiment of these big-money traders is split between 46% bullish and 53% bearish. The targeted price range for Mastercard over the last 3 months is from $385.0 to $430.0. Major financial institutions maintain positive ratings on Mastercard with price targets ranging from $430 to $486.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 1:55 pm

DVN

A significant bullish stance has been taken on Devon Energy (NYSE:DVN) as evidenced by unusual options activity. The overall sentiment of these big-money traders is split between 70% bullish and 29% bearish. Whales have been targeting a price range from $35.0 to $65.0 for Devon Energy over the last 3 months. The price of DVN is up 3.42% at $51.44. Several financial institutions have maintained their ratings on Devon Energy, with price targets ranging from $50 to $77.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 1:54 pm

SPY

The Durables Excluding Defense (MoM) for June was reported at 6.0%, slightly lower than the prior figure of 6.2%.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 1:53 pm

COP

ConocoPhillips anticipates a decrease in Lower 48 capital in the second half of the year. The company has invested $700M in the Port Arthur LNG Project, which is expected to result in a reduction in overall capital expenditure in H2.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 1:51 pm

MELI

A significant bearish stance has been taken on MercadoLibre (NASDAQ:MELI) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split between 47% bullish and 52% bearish. The whales have been targeting a price range from $900.0 to $1760.0 for MercadoLibre over the last 3 months. The current price of MELI is up 11.94% at $1303.92. Analysts from B of A Securities, Jefferies, and Credit Suisse have given neutral to positive ratings with price targets ranging from $1300 to $1780.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 1:50 pm

PFE

A significant amount of unusual options activity has been observed for Pfizer (NYSE:PFE), with a majority of investors taking a bullish stance. Whales have been targeting a price range from $30.0 to $40.0 for Pfizer over the last 3 months. The current price of PFE is $35.27, down by 0.24%. Analysts from Morgan Stanley, Barclays, and Truist Securities have maintained their ratings on Pfizer, with price targets ranging from $38 to $62.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 1:50 pm

MPC

A significant bullish stance has been taken on Marathon Petroleum (NYSE:MPC) by an unknown entity, possibly an institution or wealthy individual. This was noticed through publicly available options history. The overall sentiment of these big-money traders is split between 58% bullish and 41% bearish. Whales have been targeting a price range from $110.0 to $145.0 for Marathon Petroleum over the last 3 months. Wells Fargo, Morgan Stanley, and Barclays have maintained their ratings on Marathon Petroleum with price targets of $140, $150, and $132 respectively.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 1:48 pm

VST

Vistra Energy Corp (VST) has seen a significant increase in trading activity, with 2498 call options for September 15 at $29 being bought near the ask price, compared to an open interest of 160. The company's earnings report is due on August 9.

Portfolio Pulse from Charles Gross

August 04, 2023 | 1:48 pm

SRM

SRM Entertainment, Inc (NASDAQ:SRM) is set to start trading on NASDAQ on August 4. The company's IPO is offering shares at an expected price of $5.00 per share. The insider lock-up period is 180 days, ending on January 31, 2024.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 1:42 pm