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ETHUSD

Ethereum's (CRYPTO: ETH) price has increased 3.45% over the past 24 hours to $1,920.25. Over the past week, ETH has experienced an uptick of over 2.0%. The trading volume for the coin has risen 37.0% over the past week while the circulating supply has decreased 0.21% to 120.22 million. The current market cap ranking for ETH is #2 at $231.16 billion.

Portfolio Pulse from Benzinga Insights

June 30, 2023 | 7:00 pm

BXRX

CYT

RNLX

U.S. stocks traded higher with the Nasdaq Composite gaining more than 1% on Friday. Renalytix Plc (NASDAQ:RNLX) shares shot up 44% after the company received FDA De Novo marketing authorization for its KidneyIntelX.dkd prognostic test. Baudax Bio, Inc. (NASDAQ:BXRX) shares shot up 123% after the company agreed to acquire TeraImmune in a stock-for-stock transaction. Cyteir Therapeutics, Inc. (NASDAQ:CYT) shares were up 38% after the company announced it is discontinuing all development of CYT-0851, dissolving the company and liquidating its assets.

Portfolio Pulse from Lisa Levin

June 30, 2023 | 6:34 pm

ATVI

A significant investor has taken a bullish stance on Activision Blizzard (NASDAQ:ATVI), with 58% of the investors opening trades with bullish expectations and 41% with bearish. The trades include 9 puts, totalling $675,654, and 27 calls, totalling $2,740,608. The price target for Activision Blizzard over the last 3 months ranges from $55.0 to $90.0. The price of ATVI is up 1.11% at $84.0. Truist Securities and Benchmark have downgraded their action to Buy with a price target of $84 and $90 respectively.

Portfolio Pulse from Benzinga Insights

June 30, 2023 | 6:16 pm

ETHUSD

On Thursday, 5,079.60 Ether (ETH) worth $9,841,681 was burned from Ethereum transactions. This is a result of the Ethereum blockchain's EIP-1159 upgrade, which changes 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, but this is expected to decrease to around 0.5-1% with the Ethereum 2.0 upgrade. The net annualized issuance rate for Ether yesterday was -5.87%.

Portfolio Pulse from Benzinga Insights

June 30, 2023 | 6:00 pm

EWJ

VNQ

XLE

XLU

A screening of large-cap ETFs revealed the week's winners and losers. Energy Select Sector SPDR Fund (XLE) and Vanguard Real Estate ETF (VNQ) saw gains of 3.50% and 3.43% respectively, while Utilities Select Sector SPDR Fund (XLU) and iShares MSCI Japan ETF (EWJ) saw losses of 1.94% and 1.51% respectively. XLE's largest holdings are Exxon Mobil Corporation (XOM) and Chevron Corporation (CVX), while VNQ's are Vanguard Real Estate II Index Fund Institutional Plus Shares (VRTPX) and Prologis, Inc. (PLD). XLU's largest holdings are NextEra Energy, Inc. (NEE) and Southern Company (SO), and EWJ's are Toyota Motor Corp. (TM) and Sony Group Corporation (SONY).

Portfolio Pulse from Johnny Rice

June 30, 2023 | 5:52 pm

IWD

IWR

SPY

VOO

Large-cap ETFs VOO and SPY added $1.99 billion and $1.67 billion in net assets respectively over the trailing week, while IWD and IWR lost $4.31 billion and $1.54 billion respectively. VOO and SPY's largest holdings are Apple and Microsoft, while IWD's are Berkshire Hathaway and Exxon Mobil, and IWR's are DexCom and Marvell Technology.

Portfolio Pulse from Johnny Rice

June 30, 2023 | 5:51 pm

WBD

A significant bullish stance has been taken on Warner Bros. Discovery (NASDAQ:WBD) by a large investor, as indicated by a large position in the company's options. The overall sentiment of these big-money traders is split between 72% bullish and 27% bearish. Whales have been targeting a price range from $12.0 to $12.5 for Warner Bros. Discovery over the last 3 months. Morgan Stanley has maintained their Equal-Weight rating on Warner Bros. Discovery, with a price target of $14.

Portfolio Pulse from Benzinga Insights

June 30, 2023 | 5:47 pm

JNJ

A significant bearish stance has been taken on Johnson & Johnson (NYSE:JNJ) by a large investor or institution, as indicated by unusual options trading activity. The sentiment among these big-money traders is 21% bullish and 78% bearish. The whales have been targeting a price range from $150.0 to $175.0 for JNJ over the last 3 months. The current price of JNJ is up 1.04% at $165.8. Mizuho maintains a Buy rating on JNJ.

Portfolio Pulse from Benzinga Insights

June 30, 2023 | 5:47 pm

ISRG

A large bearish position has been taken on Intuitive Surgical (NASDAQ:ISRG), as noticed by Benzinga's options scanner. The overall sentiment of these big-money traders is split between 47% bullish and 52% bearish. Whales have been targeting a price range from $173.33 to $450.0 for Intuitive Surgical over the last 3 months. BTIG has decided to maintain their Buy rating on Intuitive Surgical, which currently sits at a price target of $326.

Portfolio Pulse from Benzinga Insights

June 30, 2023 | 5:47 pm

ABBV

AMGN

BIIB

CVS

GILD

ISRG

MDRX

MRNA

PFE

TMO

Benzinga's options activity scanner has identified significant trading activity in the options of ten healthcare stocks. The stocks are CVS, MDRX, MRNA, AMGN, ABBV, GILD, BIIB, PFE, TMO, and ISRG. The options activity ranges from bearish to bullish and neutral sentiments, with varying expiration dates and strike prices.

Portfolio Pulse from Benzinga Insights

June 30, 2023 | 5:39 pm