Streetbeat News

Assets

BMY

A significant bearish stance has been taken on Bristol-Myers Squibb (NYSE:BMY) by a large investor, as observed in the unusual options activity. The sentiment among these big-money traders is 40% bullish and 60% bearish. The whales have been targeting a price range from $60.0 to $75.0 for Bristol-Myers Squibb over the last 3 months. The current price of BMY is down -1.56% at $63.74. Truist Securities has downgraded its action to Buy with a price target of $84.

Portfolio Pulse from Benzinga Insights

June 28, 2023 | 6:18 pm

BTCUSD

Bitcoin miners have transferred over $1 billion worth of Bitcoin to cryptocurrency exchanges in the past two weeks, mainly for derivatives trading activities rather than selling. The majority of this amount has since been moved back to the miners’ proprietary wallets. Despite the large volume of transferred Bitcoin, this does not necessarily translate into selling pressure on the market price.

Portfolio Pulse from Murtuza Merchant

June 28, 2023 | 6:15 pm

PGR

Progressive (NYSE:PGR) has outperformed the market over the past 20 years by 2.63% on an annualized basis, producing an average annual return of 10.22%. If an investor had bought $100 of PGR stock 20 years ago, it would be worth $700.76 today.

Portfolio Pulse from Benzinga Insights

June 28, 2023 | 6:01 pm

ORCL

Oracle (NYSE:ORCL) has outperformed the market over the past 20 years by 4.23% on an annualized basis, producing an average annual return of 11.82%. If an investor had bought $1000 of ORCL stock 20 years ago, it would be worth $9,345.66 today.

Portfolio Pulse from Benzinga Insights

June 28, 2023 | 6:00 pm

ETHUSD

On Tuesday, 3,781.20 Ether (ETH) worth $6,984,776 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 -3.37%.

Portfolio Pulse from Benzinga Insights

June 28, 2023 | 6:00 pm

FXI

SPY

U.S. officials are considering tightening the export of AI chips to China based on computing power, according to Reuters. This could potentially impact the supply chain of tech companies and the broader market.

Portfolio Pulse from Happy Mohamed

June 28, 2023 | 6:00 pm

ALGN

Align Tech's (NASDAQ:ALGN) short percent of float has risen 36.9% since its last report, with 2.51 million shares sold short, which is 3.71% of all regular shares available for trading. It would take traders 3.5 days to cover their short positions on average. The company has less short interest than most of its peers, with the average for its peer group being 5.59%.

Portfolio Pulse from Benzinga Insights

June 28, 2023 | 5:45 pm

CAT

DAL

ENVX

EOSE

GNRC

LUV

NKLA

PLUG

UAL

The article reports on the unusual options activity in the Industrials sector. Ten US-listed companies are mentioned: Nikola Corporation (NKLA), Delta Air Lines (DAL), United Airlines Holdings (UAL), Plug Power (PLUG), Caterpillar (CAT), Enovix Corporation (ENVX), Generac Holdings (GNRC), Eos Energy Enterprises (EOSE), Southwest Airlines (LUV), and Boeing (BA). The article provides details on the type of options activity (put/call), trade type, sentiment, expiration date, strike price, total trade price, open interest, and volume for each company.

Portfolio Pulse from Benzinga Insights

June 28, 2023 | 5:40 pm

ANF

BROS

CSV

CVNA

LAZR

LVS

NCLH

NKE

TSLA

WYNN

Benzinga's options activity scanner has detected significant options activity in the Consumer Discretionary sector. Notable trades include bearish call options for Tesla (TSLA) and bullish call options for Carvana (CVNA), Las Vegas Sands (LVS), Carriage Services (CSV), and Norwegian Cruise Line Holdings (NCLH). Neutral call options were observed for Nike (NKE). Bearish put options were observed for Luminar Technologies (LAZR), Abercrombie & Fitch (ANF), and Dutch Bros (BROS), while bullish put options were observed for Wynn Resorts (WYNN).

Portfolio Pulse from Benzinga Insights

June 28, 2023 | 5:39 pm

AAPL

AVGO

FTNT

IONQ

MSFT

NVDA

ORCL

SNOW

The article reports on the options activity of 10 Information Technology stocks in today's session. The stocks include AAPL, NVDA, ORCL, U, MSFT, MU, AVGO, SNOW, IONQ, and FTNT. 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 about the type of options activity (put/call), trade type, sentiment, expiration date, strike price, total trade price, open interest, and volume for each stock.

Portfolio Pulse from Benzinga Insights

June 28, 2023 | 5:38 pm