Streetbeat News

Assets

HOOD

Cryptocurrency markets are experiencing slight gains despite Ark Invest selling $100 million in Bitcoin. Bitcoin, Ethereum, and Dogecoin are struggling to break out of a six-month trading channel. Notable developments include Robinhood adding Solana to its Web3 wallet and MicroStrategy outperforming Bitcoin and Ethereum post-FTX collapse.

Portfolio Pulse from Khyathi Dalal

August 29, 2024 | 8:02 pm

IPGP

IPG Photonics has sold its entire interest in its Russian subsidiary, IRE-Polus, for $51 million. This sale marks IPG's complete exit from Russia, following sanctions due to the Ukraine conflict.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 8:01 pm

AZUL

Azul is facing challenges due to the devaluation of the Brazilian Real, capacity reductions from floods, and supply chain issues in 2024. The company is negotiating to optimize its equity structure for better profitability and liquidity, exploring cash-raising options with Azul Cargo, and considering potential partnerships or business combinations with Abra.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 6:19 pm

ANF

CHWY

CPNG

GME

LULU

MGM

PDD

TSLA

YUMC

ZK

The article highlights unusual options activity in the Consumer Discretionary sector, focusing on trades involving companies like YUMC, GME, PDD, MGM, CPNG, ZK, LULU, TSLA, ANF, and CHWY. These activities could indicate potential trading opportunities due to significant market interest.

Portfolio Pulse from Benzinga Insights

August 29, 2024 | 5:35 pm

AAPL

CRM

DELL

INTC

IREN

MRVL

MSFT

MU

NVDA

SMCI

The article highlights significant options activity in the Information Technology sector, focusing on trades involving companies like NVDA, INTC, SMCI, MRVL, MSFT, AAPL, CRM, MU, DELL, and IREN. These trades indicate varying market sentiments, with some showing bullish or bearish trends.

Portfolio Pulse from Benzinga Insights

August 29, 2024 | 5:35 pm

ADAUSD

BNBUSD

BTCUSD

LINKUSD

Recent data from CryptoQuant shows significant Bitcoin wallet movements, potentially indicating market shifts. Large transfers of dormant bitcoins could signal selling pressure, while altcoin correlations with Bitcoin suggest market alignment. Investors should be cautious of potential volatility.

Portfolio Pulse from Khyathi Dalal

August 29, 2024 | 5:33 pm

WBA

Wealthy investors are showing interest in Walgreens Boots Alliance (WBA) through significant options trades, with a split sentiment of 50% bullish and 50% bearish. The options activity suggests a targeted price range of $9.0 to $45.0. Currently, WBA is trading at $9.37, slightly down by 0.11%, and may be oversold according to RSI readings.

Portfolio Pulse from Benzinga Insights

August 29, 2024 | 4:49 pm

EOSE

EOS Energy shares rose as the company met initial performance milestones tied to Carberus Capital Management's investment, enabling it to access an additional $30 million from a delayed draw term loan.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 3:48 pm

AVCNF

Avicanna Inc. has secured nearly $2 million through a private placement deal, following a US patent win for its cannabinoid topical formula. The funds will be used for various operational and development purposes.

Portfolio Pulse from Jelena Martinovic

August 29, 2024 | 3:06 pm