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NI

NiSource Inc has agreed to sell a 19.9% stake in its NIPSCO unit to Blackstone Inc for $2.15 billion. The deal values NIPSCO at $10.8 billion in equity and $14.3 billion in enterprise value. NiSource will use the proceeds to de-lever its balance sheet, and Blackstone Infrastructure Partners will provide an additional $250 million for ongoing capital requirements.

Portfolio Pulse from Nabaparna Bhattacharya

June 20, 2023 | 2:55 pm

META

A large bearish position on Meta Platforms (NASDAQ:META) has been spotted, with 29 uncommon options trades identified. The overall sentiment is split between 41% bullish and 58% bearish. Whales have been targeting a price range of $175 to $420 for Meta Platforms over the last 3 months.

Portfolio Pulse from Benzinga Insights

June 20, 2023 | 2:47 pm

CVX

Unusual options activity has been observed in Chevron (NYSE:CVX), with 14 uncommon trades spotted, split between 64% bullish and 35% bearish. Whales have been targeting a price range of $150 to $180 for Chevron over the last 3 months.

Portfolio Pulse from Benzinga Insights

June 20, 2023 | 2:47 pm

AMAT

A whale investor has taken a bearish stance on Applied Materials (NASDAQ:AMAT), with 90% of detected trades having bearish expectations. Whales have been targeting a price range of $115 to $175 for AMAT over the last 3 months. The stock is currently down 0.78% at $137.84, and RSI indicators suggest it may be approaching overbought.

Portfolio Pulse from Benzinga Insights

June 20, 2023 | 2:47 pm

ASML

A whale has taken a bearish stance on ASML Holding (NASDAQ:ASML) with unusual options activity. 81% of the investors have bearish expectations, with 8 puts totaling $365,846 and 8 calls totaling $507,081. Whales have been targeting a price range of $240 to $780 for ASML over the last 3 months.

Portfolio Pulse from Benzinga Insights

June 20, 2023 | 2:33 pm

NVDA

Unusual options activity has been observed for NVIDIA (NASDAQ:NVDA), with a bearish stance taken by a large investor. Benzinga's options scanner spotted 71 uncommon options trades, with 25% bullish and 74% bearish sentiment. The total trade price for 20 puts is $1,347,919, and for 51 calls, it is $3,955,067. Whales have been targeting a price range of $300 to $500 for NVIDIA over the last 3 months.

Portfolio Pulse from Benzinga Insights

June 20, 2023 | 2:33 pm

RIO

Rio Tinto is investing $498 million in its Kennecott operation near Salt Lake City, Utah, to strengthen its copper supply in the US. The investment will increase production from underground mining and improve key assets, with production from the North Rim Skarn commencing in 2024.

Portfolio Pulse from Happy Mohamed

June 20, 2023 | 2:07 pm

SPY

VGK

The Russian Foreign Ministry stated that the U.N. confirmed it cannot help reconnect Russian Agro Bank to the SWIFT payment system or restart the ammonia pipeline in the context of the Black Sea grain deal.

Portfolio Pulse from Happy Mohamed

June 20, 2023 | 1:37 pm

HCDI

Harbor Custom Development, Inc. (NASDAQ: HCDI) has closed the sale of Mills Crossing townhomes in Bremerton, Washington for $14.25 million to Kitsap Community Resources. The 36-unit townhome project aims to provide affordable housing to Kitsap County residents.

Portfolio Pulse from Happy Mohamed

June 20, 2023 | 1:31 pm

BALL

Ball Corporation (NYSE:BALL) is considering options to better position its aerospace business for shareholder and customer value. No formal decision has been made, and further announcements will be made if appropriate.

Portfolio Pulse from Happy Mohamed

June 20, 2023 | 1:16 pm