Streetbeat News

Equity Actions

AXP

BRK

CVX

DHI

LEN

NVR

OXY

Warren Buffett's Berkshire Hathaway Inc sold its entire stake in D.R. Horton Inc, deviating from its typical buy-and-hold strategy. The sale occurred after less than a year of holding, despite D.R. Horton's stock price increasing by 70% in 2023. Berkshire Hathaway also holds stakes in Lennar Corporation and NVR Inc, but there's no indication of selling these. Buffett remains positive about long-term holdings like Coca-Cola Co and American Express Company, as well as U.S. oil companies Occidental Petroleum Corporation and Chevron Corp.

Portfolio Pulse from Neil Dennis

February 27, 2024 | 6:47 pm

Investors have shown a mixed sentiment towards Cigna Group (NYSE:CI), with options trading evenly split between bullish and bearish. Uncommon options activity has been detected, indicating potential insider knowledge of forthcoming developments. The options market is focusing on a price range of $280 to $310 for CI, based on recent trading volumes and open interest. Analysts have issued positive ratings for CI, with a consensus target price of $362.8, suggesting optimism about the company's future performance.

Portfolio Pulse from Benzinga Insights

February 27, 2024 | 6:15 pm

IPO

Sweden-based private equity group EQT announced its largest-ever fundraising, securing $24 billion for its EQT X fund, exceeding its target and marking one of the largest private equity funds raised. The fund, focusing on healthcare, technology, and industrial tech, has already made several investments. Amid a private equity slump, EQT expects a pick-up in deal activity and IPO markets reopening in Europe and the US. The Renaissance IPO ETF (NYSE:IPO) has seen a nearly 60% increase since the beginning of 2023.

Portfolio Pulse from Neil Dennis

February 27, 2024 | 5:58 pm

Market whales have shown a mixed sentiment on Sea (NYSE:SE) with a bearish lean, as evidenced by recent options trading activity. Benzinga's options scanner revealed 19 unusual trades, with a split sentiment of 42% bullish and 57% bearish. The trades focus on a price band between $22.5 and $100.0 for Sea. The largest trades include both calls and puts with varying sentiments and strike prices. Sea, known for its e-commerce platform Shopee and gaming business Garena, has seen its stock price increase by 0.9% to $45.77. An analyst from Citigroup has upgraded Sea to Buy with a target price of $50.

Portfolio Pulse from Benzinga Insights

February 27, 2024 | 5:46 pm

BAC

COIN

SOFI

WFC

Today's session highlighted significant options activity for financial stocks, with notable trades for SOFI, COIN, BAC, WFC, KKR, GS, AFRM, PMT, CFG, and BX. The activity ranged from bullish to bearish sentiments, involving both call and put options with varying expiration dates and strike prices. This options activity could indicate potential trading opportunities based on the sentiments expressed through these large transactions.

Portfolio Pulse from Benzinga Insights

February 27, 2024 | 5:35 pm

AMZN

BIG

CAVA

CVNA

RIVN

ROST

TSLA

XPEV

Today's session highlighted significant whale activity in the options market for 10 consumer discretionary stocks, indicating potential trading opportunities. The activity involved both bullish and bearish sentiments across various stocks including TSLA, CVNA, CAVA, AMZN, BIG, JD, XPEV, ROST, LI, and RIVN, with notable transactions in call and put options. This unusual options activity could signal upcoming price movements in these stocks.

Portfolio Pulse from Benzinga Insights

February 27, 2024 | 5:35 pm

AMD

MARA

NVDA

PANW

SOUN

Today's session highlighted significant options activity in the Information Technology sector, with notable movements in stocks like NVDA, AMD, MARA, PANW, SOUN, MSTR, SMCI, PLTR, NTNX, and FTNT. The activity ranged from bullish to bearish sentiments, with various expiration dates and strike prices, indicating diverse trading strategies and expectations from large investors or 'whales'.

Portfolio Pulse from Benzinga Insights

February 27, 2024 | 5:35 pm

SRNE

VRPX

Virpax Pharmaceuticals (VRPX) shares are trading lower following the announcement of a proposed litigation settlement with Sorrento Therapeutics (SRNE) and Scilex Pharmaceuticals, alongside a 1-for-10 reverse stock split.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 5:24 pm

BLK

BlackRock Inc. (NYSE:BLK) is shifting its stance from promoting index investing to advocating for actively managed strategies, citing the current economic environment of higher interest rates, persistent inflation, and geopolitical risks as more conducive for active management. This marks a significant departure from the buy-and-hold strategy that has been popular among investors, driven by a decade of low interest rates and strong performance of developed-market stocks and bonds. BlackRock analysts argue that the traditional approach of static asset allocations will not be as effective, urging investors to adopt more dynamic strategies.

Portfolio Pulse from Piero Cingari

February 27, 2024 | 5:21 pm

PWSC

Analysts have updated their ratings and price targets for PowerSchool Holdings (NYSE:PWSC), showing a mix of bullish and somewhat bullish sentiments. The average 12-month price target has been raised to $28.00, indicating a positive outlook. PowerSchool Holdings, a provider of cloud-based software for K-12 education, has shown solid revenue growth but struggles with profitability and efficiency metrics compared to industry peers.

Portfolio Pulse from Benzinga Insights

February 27, 2024 | 5:00 pm