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PYPL

A significant amount of unusual options activity has been observed for PayPal Holdings (NASDAQ:PYPL), with a bearish stance being taken by a 'whale' investor. Of the 45 unusual trades detected, 48% were bullish and 51% were bearish. The total amount for puts was $648,897 and for calls was $1,560,484. The price target range for PayPal over the last 3 months has been $55.0 to $140.0. The company's stock price is currently down by 3.89% at $66.17. Several firms have downgraded their ratings for PayPal, with price targets ranging from $72 to $86.

Portfolio Pulse from Benzinga Insights

July 06, 2023 | 6:16 pm

CVX

A significant amount of unusual options activity has been detected for Chevron (NYSE:CVX), with a bearish stance being taken by a majority of investors. Of the 25 strange trades detected, 56% were bearish and 44% bullish. The total amount for puts was $805,648 and for calls was $873,540. Whales have been targeting a price range from $120.0 to $175.0 for Chevron over the last 3 months. The current price of CVX is down -2.59% at $152.26. Piper Sandler maintains an Overweight rating on Chevron with a price target of $188.

Portfolio Pulse from Benzinga Insights

July 06, 2023 | 6:01 pm

ETHUSD

On Wednesday, 10,643.06 Ether (ETH) worth $20,059,716 was burned from Ethereum transactions. This is a result of the Ethereum blockchain's upgrade known as EIP-1159, which changes the fee model and burns a 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 yesterday was -16.51%.

Portfolio Pulse from Benzinga Insights

July 06, 2023 | 6:00 pm

BKNG

CVNA

DUOL

GRBK

NIO

RIVN

TSLA

ULTA

Benzinga's options activity scanner has identified significant trading activity in 10 consumer discretionary stocks. The stocks include Tesla (TSLA), NIO (NIO), Carvana (CVNA), Rivian (RIVN), Green Brick Partners (GRBK), Duolingo (DUOL), Ulta Beauty (ULTA), RH (RH), Booking Holdings (BKNG), and Ford (F). The options activity ranges from bullish to bearish and neutral sentiments, with varying expiration dates and strike prices.

Portfolio Pulse from Benzinga Insights

July 06, 2023 | 5:40 pm

ABT

ALGN

KRTX

LLY

NVCR

PFE

QDEL

TDOC

TLRY

UNH

Benzinga's options activity scanner has identified unusual trading activity in 10 health care stocks. The stocks include Pfizer (PFE), Novocure (NVCR), Tilray (TLRY), Teladoc Health (TDOC), Align Technology (ALGN), UnitedHealth Group (UNH), Eli Lilly and Company (LLY), Karuna Therapeutics (KRTX), Abbott Laboratories (ABT), and Quidel Corporation (QDEL). The scanner tracks large transactions, known as 'whale alerts', which can indicate the sentiment of large investors and potentially predict market movements.

Portfolio Pulse from Benzinga Insights

July 06, 2023 | 5:39 pm

UBS

UBS has taken over Credit Suisse's shipping finance business and combined it with its own aircraft financing business, according to a memo cited by Reuters.

Portfolio Pulse from Happy Mohamed

July 06, 2023 | 5:39 pm

UBS

UBS has announced management appointments for its Global Wealth Management division. The bank is also 'carefully examining' all options for Credit Suisse's Swiss business, according to a memo cited by Reuters.

Portfolio Pulse from Happy Mohamed

July 06, 2023 | 5:39 pm

OXY

A significant bullish stance has been taken on Occidental Petroleum (NYSE:OXY) as evidenced by unusual options activity. The sentiment among these big-money traders is split between 63% bullish and 36% bearish. The whales have been targeting a price range from $30.0 to $72.5 for Occidental Petroleum over the last 3 months. Stephens & Co. downgraded its action to Overweight with a price target of $72, while Piper Sandler maintained their Neutral rating with a price target of $62.

Portfolio Pulse from Benzinga Insights

July 06, 2023 | 5:33 pm

A significant amount of unusual options activity has been observed for General Electric (NYSE:GE), with a bearish stance being taken by a majority of investors. Of the 13 strange trades detected, 53% were bearish and 46% were bullish. The total amount for puts was $553,351 and for calls was $448,387. Whales have been targeting a price range from $95.0 to $125.0 for GE over the last 3 months. Barclays has maintained their Overweight rating on GE, with a price target of $125.

Portfolio Pulse from Benzinga Insights

July 06, 2023 | 5:33 pm

PDD

Unusual options activity has been observed for PDD Holdings (NASDAQ:PDD), with a large position indicating a bullish stance. The sentiment among these big-money traders is split between 66% bullish and 33% bearish. The whales have been targeting a price range from $55.0 to $115.0 for PDD Holdings over the last 3 months. The price of PDD is currently down -5.51% at $67.88.

Portfolio Pulse from Benzinga Insights

July 06, 2023 | 5:16 pm