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META

Deep-pocketed investors have shown a bearish sentiment towards Meta Platforms (NASDAQ:META), with a notable shift in options activity. Benzinga's tracking revealed 57 extraordinary options activities, with a mix of bullish and bearish sentiments, but a slight lean towards bearish with 52%. The options activity suggests a price window of $250.0 to $700.0 for META. The company, known for its vast social network ecosystem, has seen its stock price increase by 0.39% to $499.31, with an RSI indicating a potential overbought situation. Analysts from Roth MKM and Wells Fargo maintain positive ratings with targets of $500 and $609, respectively.

Portfolio Pulse from Benzinga Insights

April 03, 2024 | 2:46 pm

DELL

Investors have shown a bullish stance on Dell Technologies (NYSE:DELL), with options trading indicating a sentiment split between 51% bullish and 48% bearish. A total of 27 uncommon options trades were spotted, with a significant volume aiming for a price range of $80.0 to $160.0 over the next three months. The trading activity includes both calls and puts, with notable trades listed. Dell Technologies, a major IT vendor, has seen its stock price decrease by -0.9% to $117.38, with indicators suggesting it may be approaching overbought territory.

Portfolio Pulse from Benzinga Insights

April 03, 2024 | 2:46 pm

SHIBUSD

Shiba Inu (SHIB) has experienced significant whale transactions, including a transfer of 1 trillion SHIB tokens, and a 2,330% increase in its monthly burn rate. Notable transactions include transfers to and from Robinhood, Cumberland, and Kucoin. Despite a slight weekly price decrease, SHIB has been profitable for 62% of its holders and has seen a recent 2% price increase.

Portfolio Pulse from Khyathi Dalal

April 03, 2024 | 2:35 pm

SPY

UNG

USA gasoline inventories experienced a significant draw of 4.256 million, surpassing the estimated draw of 0.820 million and contrasting with a prior build of 1.299 million. This indicates a higher than expected decrease in gasoline stocks.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 2:30 pm

MA

Over the past decade, Mastercard (NYSE:MA) has significantly outperformed the market, yielding an average annual return of 21.04%. A $1000 investment in Mastercard stock 10 years ago would be worth $6,767.63 today. Mastercard's market capitalization currently stands at $446.72 billion, highlighting its substantial growth and the impact of compounded returns over time.

Portfolio Pulse from Benzinga Insights

April 03, 2024 | 2:30 pm

SPY

UNG

USO

The EIA reported a weekly distillates stock draw of 1.268 million barrels, exceeding the estimated draw of 0.604 million barrels and the prior week's draw of 1.185 million barrels.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 2:30 pm

GILD

Gilead Sciences (NASDAQ:GILD) has delivered an average annual return of 12.26% over the past 20 years, turning a $100 investment into $1,009.64 today. With a current market capitalization of $90.11 billion, GILD's performance highlights the impact of compounded returns on investment growth.

Portfolio Pulse from Benzinga Insights

April 03, 2024 | 2:30 pm

SPY

USO

USA crude oil inventories experienced an increase of 3.210 million barrels, contrasting with the expected decrease of 0.300 million barrels and the previous build of 3.165 million barrels.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 2:30 pm

FCFS

FirstCash Hldgs (NYSE:FCFS) has seen a 22.3% increase in short interest since its last report, with 508 thousand shares sold short, representing 1.7% of its float. This indicates a bearish market sentiment towards FCFS, despite short interest being lower than its peer group average of 8.36%. The article suggests that an increase in short interest does not necessarily predict a near-term price fall.

Portfolio Pulse from Benzinga Insights

April 03, 2024 | 2:30 pm

PLTR

Financial analysis reveals a bearish trend in options trading for Palantir Technologies (NYSE:PLTR), with 63% of trades showing bearish tendencies. The analysis of unusual trades found 19 instances, with a price target range from $10.0 to $35.0. The largest trades include both bullish and bearish sentiments, with significant volumes and open interests. Palantir's current trading volume is 5,398,222, with a slight price decrease of -0.44%, and an RSI indicating potential overselling. Analysts have mixed opinions, with target prices ranging from $20 to $35.

Portfolio Pulse from Benzinga Insights

April 03, 2024 | 2:16 pm