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PLTR

A significant bearish stance has been taken on Palantir Technologies (NYSE:PLTR) by a large investor, as observed from the options history. The overall sentiment of these big-money traders is split between 36% bullish and 63% bearish. The whales have been targeting a price range from $7.0 to $30.0 for Palantir Technologies over the last 3 months. The current price of PLTR is up 1.24% at $15.52. Analysts from Goldman Sachs and Jefferies have maintained their Neutral and Hold ratings respectively, while Raymond James has downgraded its action to Outperform with a price target of $18.

Portfolio Pulse from Benzinga Insights

July 03, 2023 | 6:01 pm

QCOM

A significant amount of unusual options activity has been detected for Qualcomm (NASDAQ:QCOM), with a majority of investors taking a bullish stance. Of the 21 unusual trades detected, 57% were bullish and 42% were bearish. The total amount for puts was $271,291 and for calls was $840,375. Whales have been targeting a price range from $70.0 to $160.0 for Qualcomm over the last 3 months. The price of QCOM is up 0.88% at $120.09. Mizuho downgraded its action to Buy with a price target of $140.

Portfolio Pulse from Benzinga Insights

July 03, 2023 | 6:01 pm

ETHUSD

On Sunday, 3,075.03 Ether (ETH) worth $6,042,210 was burned from Ethereum transactions. This follows the Ethereum blockchain's upgrade known as EIP-1159, which changed the fee model and burns a base fee from each transaction. This lowers the supply of Ether permanently. 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 -1.95%.

Portfolio Pulse from Benzinga Insights

July 03, 2023 | 6:00 pm

APTV

BLMN

EVGO

MCD

NIO

OSTK

RIVN

TSLA

ULTA

The article reports on the options activity of 10 consumer discretionary stocks, including Tesla (TSLA), Rivian (RIVN), Li Auto (LI), Aptiv (APTV), Bloomin' Brands (BLMN), McDonald's (MCD), Ulta Beauty (ULTA), EVgo (EVGO), NIO (NIO), and Overstock.com (OSTK). The options activity is tracked by Benzinga's options activity scanner, which monitors the transactions of entities with large sums of money, also known as 'whales'. The article provides detailed information on the type of options activity (call or put), the sentiment (bullish or bearish), the expiration date, the strike price, the total trade price, the open interest, and the volume for each stock.

Portfolio Pulse from Benzinga Insights

July 03, 2023 | 5:39 pm

AMAT

AMD

MSFT

MSTR

NVDA

PLTR

SNOW

TSM

The article reports on the options activity of 10 Information Technology stocks in today's session. The stocks mentioned are NVDA, AMD, ZM, MSFT, PLTR, SNOW, TSM, MSTR, U, and AMAT. The article provides details on the type of trade, sentiment, expiration date, strike price, total trade price, open interest, and volume for each stock.

Portfolio Pulse from Benzinga Insights

July 03, 2023 | 5:39 pm

A significant bearish stance has been taken on Citigroup (NYSE:C) by a large investor or institution, as indicated by unusual options activity. The sentiment among these big-money traders is 30% bullish and 70% bearish. The whales have been targeting a price range from $40.0 to $55.0 for Citigroup over the last 3 months. Analysts from B of A Securities and Wells Fargo maintain a Buy and Overweight rating on Citigroup respectively, with a price target of $60. However, Morgan Stanley and RBC Capital have downgraded their ratings to Underweight and Outperform with price targets of $45 and $51 respectively.

Portfolio Pulse from Benzinga Insights

July 03, 2023 | 5:33 pm

QQQ

SPY

Investors are awaiting the release of the Federal Open Market Committee (FOMC) meeting minutes for June, which are expected to confirm the consensus for two additional rate hikes. The market currently does not fully anticipate these hikes, which could lead to increased volatility. The S&P 500 Index and the Nasdaq 100 Index, tracked by the SPDR S&P 500 ETF Trust (NYSE:SPY) and the Invesco QQQ Trust (NASDAQ:QQQ) respectively, are trading at high levels.

Portfolio Pulse from Piero Cingari

July 03, 2023 | 5:02 pm

LTCH

Latch, Inc. (NASDAQ:LTCH) has completed its acquisition of Honest Day's Work, a company dedicated to enabling residential service providers to operate more efficiently through technology. The deal was made in exchange for approximately 29 million shares and a $22 million aggregate principal amount. Latch also acquired all of HDW's assets, including its intellectual property and $8 million in cash. About 30 HDW team members joined Latch, and Jamie Siminoff, Ring founder and HDW's head, is expected to become Latch's CEO later this year.

Portfolio Pulse from Nabaparna Bhattacharya

July 03, 2023 | 4:58 pm

MELI

A large investor has taken a bullish stance on MercadoLibre (NASDAQ:MELI), with 13 uncommon options trades spotted. The sentiment of these trades is split between 53% bullish and 46% bearish. The whales have been targeting a price range from $1060.0 to $1330.0 for MercadoLibre over the last 3 months. Citigroup has maintained their Buy rating on MercadoLibre, with a price target of $1500.

Portfolio Pulse from Benzinga Insights

July 03, 2023 | 4:48 pm

LHX

L3Harris Technologies, Inc (NYSE:LHX) is reportedly planning to sell its avionics business, which could fetch about $1 billion. The avionics unit makes electronic systems for commercial and military aircraft. This move follows the company's trend of selling non-core assets. L3Harris shares are trading higher by 1.06% at $197.85.

Portfolio Pulse from Anusuya Lahiri

July 03, 2023 | 4:44 pm