Streetbeat News

Assets

ALB

A whale has taken a bearish stance on Albemarle (NYSE:ALB), with 70% of recent unusual options activity being bearish. Whales have been targeting a price range of $200 to $220 for Albemarle over the last 3 months. The stock is currently up 0.84% at $214.91, and RSI indicators suggest it may be approaching overbought territory.

Portfolio Pulse from Benzinga Insights

June 07, 2023 | 1:47 pm

TSLA

A whale has taken a bearish stance on Tesla (NASDAQ:TSLA) with 83 unusual options trades detected. 43% of investors opened trades with bullish expectations, while 56% were bearish. Whales have been targeting a price range of $210 to $380 for Tesla over the last 3 months. Tesla's stock price is up 2.63% at $227.12.

Portfolio Pulse from Benzinga Insights

June 07, 2023 | 1:47 pm

CRM

A large bearish position on Salesforce (NYSE:CRM) has been spotted, with 13 uncommon options trades identified. The sentiment of these big-money traders is split between 46% bullish and 53% bearish. Whales have been targeting a price range from $185.0 to $260.0 for Salesforce over the last 3 months.

Portfolio Pulse from Benzinga Insights

June 07, 2023 | 1:46 pm

FARM

THS

Treehouse Foods (THS) has agreed to acquire certain assets from Farmer Brothers (FARM) for around $100 million, including FARM's Northlake, Texas coffee facility and non-Direct Store Delivery coffee business. The deal is expected to close in the next 60 days. FARM shares traded higher by 59% premarket on Wednesday.

Portfolio Pulse from Lekha Gupta

June 07, 2023 | 1:27 pm

SPY

Treasury Secretary Janet Yellen stated that the level of capital and liquidity in the US banking industry is strong, and US banks should be able to handle any strain.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2023 | 12:14 pm

SPY

Treasury Secretary Janet Yellen expressed concerns about potential issues in the commercial real estate sector and stated that banks are preparing for restructuring and difficulties ahead.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2023 | 12:13 pm

MARA

VERB

Marathon Digital Holdings has appointed Salman Khan as its new CFO, replacing retiring CFO Hugh Gallagher. Khan previously served as CFO for Verb Technology Company.

Portfolio Pulse from Lekha Gupta

June 07, 2023 | 11:57 am

LOVE

Lovesac's EVP and CFO, Donna Dellomo, is retiring and will take on a Senior Strategic Advisory role. Keith Siegner will become the new CFO effective June 30, 2023.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2023 | 11:03 am

AES

AES Corporation has announced the acquisition of the 2 GW Bellefield Project in Kern County, California. The project consists of two phases, each with 500 MW of solar and up to 500 MW of four-hour duration battery energy storage.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2023 | 10:28 am

VIXM

The CBOE Volatility Index (VIX) settled below 14 for the first time in over three years, indicating a calmer market. The ProShares Trust VIX Mid-Term Futures ETF (VIXM) closed at $22.59, its lowest level since March 2020.

Portfolio Pulse from Shanthi Rexaline

June 07, 2023 | 8:50 am