Streetbeat News

Assets

PYPL

PayPal Holdings has seen a surge in options activity, with 17 unusual trades identified. The trading activity suggests a price range of $62.5 to $80.0 for PYPL. Currently, the stock is trading at $71.35, down by 0.24%.

Portfolio Pulse from Benzinga Insights

August 23, 2024 | 4:01 pm

ADI

Wealthy investors have taken a bearish stance on Analog Devices (NASDAQ:ADI) through options trading, with 53% of trades being bearish. The significant options activity suggests a price range of $200 to $240 for ADI in the coming months. The stock is currently up 2.41% at $227.26, but RSI indicators suggest it may be overbought.

Portfolio Pulse from Benzinga Insights

August 23, 2024 | 3:47 pm

BTCUSD

A Bitcoin whale incurred a $4.8 million loss after selling BTC at a loss during market fluctuations. The trading activities of such whales can significantly impact the cryptocurrency market, causing price fluctuations. The Bitcoin bull-bear market indicator has been oscillating between bearish and bullish since early August.

Portfolio Pulse from Khyathi Dalal

August 23, 2024 | 3:09 pm

COP

The article provides a comprehensive analysis of ConocoPhillips (NYSE:COP) in comparison to its competitors in the Oil, Gas & Consumable Fuels industry. It highlights ConocoPhillips' financial metrics, including a low P/E ratio indicating potential undervaluation, a high P/B ratio suggesting premium valuation, and a low P/S ratio implying favorable sales valuation. The company shows strong operational performance with high ROE, EBITDA, and gross profit, but faces challenges in revenue growth compared to industry peers.

Portfolio Pulse from Benzinga Insights

August 23, 2024 | 3:00 pm

BTCUSD

ETHUSD

Bitcoin's market dominance has surged to 56%, up from 38% in November 2022, as long-term holders continue to accumulate. Despite market uncertainties, Bitcoin is seen as a safer asset, while Ethereum and other altcoins have lost market share. The report suggests that the aggressive profit-taking phase by long-term holders may be cooling off, potentially stabilizing the market.

Portfolio Pulse from Murtuza Merchant

August 23, 2024 | 2:50 pm

ARBUSD

BTCUSD

CHRUSD

ETHUSD

Layer 1 blockchains like Bitcoin and Ethereum have outperformed Layer 2 blockchains this year, with Bitcoin and Ethereum up over 32%. Despite the initial hype around Layer 2 solutions, Layer 1s have proven to be less risky investments. Chromia, a Layer 1 blockchain, is taking a unique approach by integrating Layer 2 solutions into its platform.

Portfolio Pulse from Kenneth Rapoza

August 23, 2024 | 2:07 pm

FAMI

Farmmi, Inc. (NASDAQ:FAMI) announced a $1M registered direct offering, selling 3,433,167 ordinary shares and Series A warrants to institutional investors. The offering price is $0.30 per share and warrant, with warrants exercisable at $0.75. The offering is expected to close by August 26, 2024.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2024 | 12:30 pm

ETHE

FBTC

FETH

GBTC

IBIT

Bitcoin ETFs have seen six consecutive days of inflows, while Ethereum ETFs face outflows, ahead of a key speech by Fed Chair Jerome Powell. BlackRock and Fidelity's Bitcoin ETFs are performing well, while Grayscale's Bitcoin and Ethereum ETFs are experiencing outflows. The market anticipates potential impacts from Powell's speech on crypto investments.

Portfolio Pulse from Murtuza Merchant

August 23, 2024 | 12:29 pm

USDCUSD

Dogwifhat's largest holder is actively increasing their holdings, indicating strong belief in the meme coin's potential. The whale's actions, including significant purchases and borrowing USDC to buy more WIF, suggest a bullish outlook. Influencers and traders predict a breakout for Dogwifhat.

Portfolio Pulse from Khyathi Dalal

August 23, 2024 | 12:26 pm

EQNR

Equinor has decided to halt its offshore wind plans in Vietnam and will close its office in Hanoi. This decision reflects a strategic shift in Equinor's operations in the region.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2024 | 11:03 am