Streetbeat News

Assets

AYTU

Nantahala Capital Management has increased its stake in Aytu BioPharma by 7.2%, according to a recent 13D filing.

Portfolio Pulse from Happy Mohamed

May 26, 2023 | 5:55 pm

SPY

Debt ceiling negotiations face a major sticking point due to work requirements, according to Graves. This could impact the overall market and the SPY ETF.

Portfolio Pulse from Bill Haddad

May 26, 2023 | 5:47 pm

BX

A whale investor has taken a bearish stance on Blackstone (NYSE:BX), with 54% of detected trades having bearish expectations. Whales have been targeting a price range of $80 to $100 for Blackstone over the last 3 months. The stock is currently up 2.71% at $85.79, with RSI indicators suggesting a neutral position.

Portfolio Pulse from Benzinga Insights

May 26, 2023 | 5:35 pm

HAL

A large bearish position on Halliburton (NYSE:HAL) has been observed, with 14 uncommon options trades spotted. The overall sentiment of these big-money traders is 35% bullish and 64% bearish. Whales have been targeting a price range from $29.0 to $36.0 for Halliburton over the last 3 months.

Portfolio Pulse from Benzinga Insights

May 26, 2023 | 5:18 pm

USO

The number of oil rigs has decreased by 5 and gas rigs by 4 from last week, indicating a potential decline in production.

Portfolio Pulse from Bill Haddad

May 26, 2023 | 5:04 pm

BTCUSD

A decoupling between crypto assets and tech stocks has been observed since April, with the Nasdaq and Bitcoin showing divergent trends. Institutional investors have shifted their focus from crypto to AI-related stocks, contributing to the divergence. Bitcoin's price movements have historically led the Nasdaq, but it remains to be seen if this trend will continue.

Portfolio Pulse from Giles Coghlan

May 26, 2023 | 4:45 pm

OXY

Unusual options activity has been observed in Occidental Petroleum (NYSE:OXY), with a bearish stance taken by a large investor. Benzinga's options scanner spotted 10 uncommon options trades, with 60% being bearish and 40% bullish. Whales have been targeting a price range of $23.0 to $75.0 for OXY over the last 3 months.

Portfolio Pulse from Benzinga Insights

May 26, 2023 | 4:33 pm

COP

TTE

ConocoPhillips (NYSE:COP) is exercising its preemption right to purchase the remaining 50% interest in Surmont from TotalEnergies EP Canada Ltd. for approximately $3 billion, subject to customary adjustments, as well as contingent payments of up to approximately $325 million. The transaction is expected to close in the second half of 2023.

Portfolio Pulse from Happy Mohamed

May 26, 2023 | 4:26 pm

COP

TTE

ConocoPhillips (COP) is exercising its preemption right to purchase the remaining 50% interest in Surmont from TotalEnergies EP Canada Ltd. for approximately $3 billion. The transaction is expected to close in the second half of 2023 and will add approximately $600 million of annual free cash flow in 2024.

Portfolio Pulse from Happy Mohamed

May 26, 2023 | 4:23 pm

RNG

Sylebra Capital LLC has increased its stake in RingCentral to 8.68%, according to a recent 13D SEC filing.

Portfolio Pulse from Happy Mohamed

May 26, 2023 | 4:18 pm