Streetbeat News

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BIDU

A whale has taken a bearish stance on Baidu (NASDAQ:BIDU) with 56% of the detected 23 unusual options trades being bearish. The total trade amounts are $132,415 for puts and $928,277 for calls. Whales have been targeting a price range of $120 to $180 for Baidu over the last 3 months.

Portfolio Pulse from Benzinga Insights

June 02, 2023 | 3:45 pm

C

Citigroup CEO Jane Fraser announced that the bank will implement expense cuts, some of which will involve personnel changes. The move is part of Citigroup's ongoing efforts to improve efficiency and reduce costs.

Portfolio Pulse from Happy Mohamed

June 02, 2023 | 3:44 pm

BX

A large bearish position on Blackstone (NYSE:BX) has been noticed on publicly available options history. The overall sentiment of big-money traders is split between 48% bullish and 51% bearish. Whales have been targeting a price range from $80.0 to $125.0 for Blackstone over the last 3 months.

Portfolio Pulse from Benzinga Insights

June 02, 2023 | 3:31 pm

BEAM

Beam Therapeutics (BEAM) sees increased activity in July 21 $35 call options, with 150 contracts traded at the ask price of $2.55, compared to an open interest of 53 contracts. The stock is currently trading at $33.765.

Portfolio Pulse from Charles Gross

June 02, 2023 | 3:12 pm

PYPL

A whale has taken a bearish stance on PayPal Holdings (NASDAQ:PYPL), with 68% of detected unusual options activity being bearish. Whales have been targeting a price range of $62 to $100 for PayPal over the last 3 months. The stock is currently up 1.53% at $64.02, with RSI indicators suggesting it may be approaching oversold.

Portfolio Pulse from Benzinga Insights

June 02, 2023 | 3:02 pm

PDD

A large investor has taken a bullish stance on PDD Holdings (NASDAQ:PDD), with 22 uncommon options trades spotted, split between 50% bullish and 50% bearish. Whales have been targeting a price range of $55 to $95 for PDD Holdings over the last 3 months.

Portfolio Pulse from Benzinga Insights

June 02, 2023 | 3:02 pm

BBBYQ

Buy Buy Baby, a subsidiary of Bed Bath & Beyond, has attracted interest from at least two bidders as the parent company auctions off its assets following bankruptcy. One unknown bidder plans to keep 75% of the stores open, while Babylist, a direct-to-consumer baby registry website, wants to acquire the trademark and domain.

Portfolio Pulse from Happy Mohamed

June 02, 2023 | 2:59 pm

LE

Lands' End reported Q1 sales of $309.56 million and a loss of $1.65 million, despite a 49.91% increase in earnings. The company posted a negative Return on Capital Employed (ROCE) of -0.0%, suggesting inefficient capital allocation.

Portfolio Pulse from Benzinga Insights

June 02, 2023 | 2:48 pm

INTC

A large bearish position on Intel (NASDAQ:INTC) has been spotted, with 12 uncommon options trades identified. The overall sentiment of these big-money traders is split between 41% bullish and 58% bearish. Whales have been targeting a price range from $23.0 to $34.0 for Intel over the last 3 months.

Portfolio Pulse from Benzinga Insights

June 02, 2023 | 2:48 pm

HRL

Hormel Foods (NYSE:HRL) reported a loss in earnings since Q1, totaling $217.22 million, while sales increased by 0.2% to $2.98 billion during Q2. The company posted a Q2 Return on Invested Capital (ROIC) of 2.51%, suggesting effective capital allocation.

Portfolio Pulse from Benzinga Insights

June 02, 2023 | 2:46 pm