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PDD

A significant bullish stance has been taken on PDD Holdings (NASDAQ:PDD) by a large investor or institution, as indicated by a large position in the company's options. The overall sentiment of these big-money traders is split between 54% bullish and 45% bearish. The whales have been targeting a price range from $50.0 to $100.0 for PDD Holdings over the last 3 months. The price of PDD is currently down -2.06% at $79.26.

Portfolio Pulse from Benzinga Insights

July 14, 2023 | 6:32 pm

PCAR

PACCAR (NASDAQ:PCAR) has outperformed the market over the past 5 years, producing an average annual return of 15.18%. If an investor had bought $100 of PCAR stock 5 years ago, it would be worth $204.75 today. The company currently has a market capitalization of $44.63 billion.

Portfolio Pulse from Benzinga Insights

July 14, 2023 | 6:30 pm

ZTS

Zoetis (NYSE:ZTS) has outperformed the market over the past 10 years, producing an average annual return of 18.79%. An investment of $1000 in ZTS stock 10 years ago would be worth $5,566.15 today. The company currently has a market capitalization of $79.71 billion.

Portfolio Pulse from Benzinga Insights

July 14, 2023 | 6:30 pm

XOM

A significant bearish stance has been taken on Exxon Mobil (NYSE:XOM) by a large investor or institution, as indicated by a large position in the company's options. The overall sentiment of these big-money traders is split between 33% bullish and 66% bearish. The whales have been targeting a price range from $77.5 to $145.0 for Exxon Mobil over the last 3 months. The price of XOM is currently down -3.32% at $101.06.

Portfolio Pulse from Benzinga Insights

July 14, 2023 | 6:17 pm

CSCO

A significant bearish stance has been taken on Cisco Systems (NASDAQ:CSCO) as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 43% bullish and 56% bearish. The whales have been targeting a price range from $35.0 to $57.5 for Cisco Systems over the last 3 months. Citigroup and B of A Securities have both downgraded their action to Neutral with price targets of $54 and $56 respectively.

Portfolio Pulse from Benzinga Insights

July 14, 2023 | 6:17 pm

SPOT

A significant amount of unusual options activity has been observed for Spotify Technology (NYSE:SPOT), with a majority of investors taking a bearish stance. Of the 35 unusual trades detected, 77% were bearish and 22% bullish. The total amount for puts was $905,620 and for calls was $758,390. Whales have been targeting a price range from $125.0 to $240.0 for Spotify over the last 3 months. Current price of SPOT is up 1.05% at $172.89. Analysts from Truist Securities, Goldman Sachs, and Raymond James maintain their ratings while Morgan Stanley downgraded its action to Overweight with a price target of $170.

Portfolio Pulse from Benzinga Insights

July 14, 2023 | 6:03 pm

MMC

Marsh & McLennan (NYSE:MMC) has outperformed the market over the past 5 years by 6.66% on an annualized basis, producing an average annual return of 16.57%. If an investor had bought $100 of MMC stock 5 years ago, it would be worth $215.71 today.

Portfolio Pulse from Benzinga Insights

July 14, 2023 | 6:00 pm

VRSK

Over the past 10 years, Verisk Analytics (NASDAQ:VRSK) has outperformed the market by 3.69% on an annualized basis, producing an average annual return of 13.98%. If an investor had bought $100 of VRSK stock 10 years ago, it would be worth $370.22 today.

Portfolio Pulse from Benzinga Insights

July 14, 2023 | 6:00 pm

ETHUSD

A total of 6,854.19 Ether (ETH) worth $13,459,506 was burned from Ethereum transactions on Thursday. This follows the implementation of the Ethereum improvement proposal EIP-1159 on August 5th, 2021, which changed the fee model and burns a variable base fee from each transaction. 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 -9.07% yesterday.

Portfolio Pulse from Benzinga Insights

July 14, 2023 | 6:00 pm

BAC

A large investor has taken a bullish stance on Bank of America (NYSE:BAC), with 67% of big-money traders also bullish. The investor has targeted a price range of $20.0 to $40.0 for BAC over the last 3 months. RBC Capital has downgraded its action to Outperform with a price target of $35, while Morgan Stanley maintains an Equal-Weight rating with a price target of $33.

Portfolio Pulse from Benzinga Insights

July 14, 2023 | 5:46 pm