Equity Actions
COST
Costco Wholesale (NASDAQ: COST) has seen significant options activity, with a bullish sentiment from investors. Out of 28 trades, 53% were bullish and 46% bearish. The trades included 3 puts worth $128,210 and 25 calls worth $1,461,516. The options market is focusing on a price range of $225 to $795 for Costco. The largest options trades were mixed in sentiment, with both bearish and bullish positions on different strike prices and expiration dates. Costco's business model focuses on bulk sales at low prices, with a strong market share in the warehouse club industry. The stock is currently trading at $663, down by 1.72%, and may be overbought according to RSI indicators. Analysts have set an average target price of $650, with varying ratings from Outperform to Neutral.
Portfolio Pulse from
Benzinga Insights
December 27, 2023 | 3:32 pm
BA
Options trading analysis for Boeing (NYSE:BA) shows a bullish trend with 69% of traders taking bullish positions and 30% bearish. The analysis of 13 unusual trades reveals a higher volume of calls over puts, with significant trades targeting a price range of $110.0 to $267.5 for Boeing over the last 3 months. The largest trades were predominantly calls, with varying sentiments and expiration dates. Boeing's current stock price is $262.67, slightly down by -0.05%, with a high volume of 533,722 and potential overbought conditions indicated by RSI readings. The company's earnings release is expected in 28 days.
Portfolio Pulse from
Benzinga Insights
December 27, 2023 | 3:32 pm
NPCE
NeuroPace (NASDAQ:NPCE) has received mixed analyst ratings over the past quarter, with a recent shift towards a more bullish outlook. The average 12-month price target is now $9.67, up 27.24% from the previous $7.60, with a high estimate of $12.00 and a low of $8.00. Analysts from firms including Lake Street, Morgan Stanley, Cantor Fitzgerald, JP Morgan, and Wells Fargo have maintained or raised their ratings and price targets. NeuroPace is a medical device company with significant revenue growth and market capitalization but faces challenges with net margin, ROE, ROA, and debt management.
Portfolio Pulse from
Benzinga Insights
December 27, 2023 | 3:00 pm
LYFT
Lyft (NASDAQ:LYFT) has been evaluated by 6 analysts over the last three months, with a mix of indifferent (5) and bearish (1) ratings. The average 12-month price target for Lyft is $11.08, up from $10.80, with a high estimate of $14.00 and a low of $7.00. Analysts from firms including Wedbush, Morgan Stanley, Truist Securities, Wells Fargo, and MoffettNathanson have updated their price targets and ratings, with most maintaining a neutral stance and one issuing a sell rating. Lyft's financials show a positive revenue trend with a growth rate of 9.84% as of September 30, 2023, but a lower growth rate compared to the Industrials sector average. The company has an exceptional net margin of -1.05%, an impressive ROE of -2.83%, and an ROA of -0.27%, with a debt-to-equity ratio of 2.23.
Portfolio Pulse from
Benzinga Insights
December 27, 2023 | 3:00 pm
VTV
VUG
Todd Gordon, founder of Inside Edge Capital and TradingAnalysis.com, reviewed 2023 and provided predictions for 2024 on Benzinga's PreMarket Prep. He admitted over-diversifying his growth fund in 2023 but noted the tech sector's resilience. For 2024, he highlighted the importance of yield curves and predicted a stable interest rate environment, which could benefit tech investments. Growth stocks, particularly the Vanguard Growth ETF (VUG), are expected to outperform value stocks, like the Vanguard Value ETF (VTV). Gordon also mentioned the large amount of money in money market funds and the potential impact of Federal Reserve rate adjustments. He remains cautiously optimistic about the continuation of the bull market and sees growth in AI, cloud computing, and cybersecurity.
Portfolio Pulse from
Piero Cingari
December 27, 2023 | 2:41 pm
AVGO
Broadcom Inc. (NASDAQ:AVGO) stock has seen a 0.38% increase in the current session, trading at $1136.24. Over the past month and year, the stock has risen by 20.77% and 103.70%, respectively. The company's P/E ratio of 34.32 is lower than the industry average of 110.62, which could indicate potential undervaluation or weaker growth prospects. Investors are advised to consider P/E ratios among other financial metrics and qualitative factors for a comprehensive analysis.
Portfolio Pulse from
Benzinga Insights
December 27, 2023 | 2:30 pm
ADSE
ADS-TEC Energy PLC (NASDAQ:ADSE) has entered into a definitive agreement for a private investment from Svelland Capital. The deal is set to close on December 28, 2023, with undisclosed financial terms. The investment is expected to strengthen ADS-TEC's financial position, allowing for strategic initiatives and securing profitable opportunities. CEO Thomas Speidel anticipates the strongest quarter in company history for Q4 2023 in terms of revenues and margins, with positive expectations for 2024. ADS-TEC specializes in lithium-ion battery storage solutions and fast charging systems. ADSE's stock closed up 0.73% at $6.90.
Portfolio Pulse from
Shivani Kumaresan
December 27, 2023 | 2:27 pm
BABA
NTES
PDD
TCEHY
Chinese regulators have proposed revisions to stringent video game rules, leading to a brief recovery in shares of gaming companies like Tencent Holdings and NetEase, Inc. The National Press and Publication Administration of China approved 105 new game licenses for December, which saw Tencent and NetEase shares increase by 5% and 10%, respectively. Despite this, concerns remain over the regulatory impact on the market. Smaller gaming companies saw lesser gains, and various firms have started share buyback plans with limited market impact. Alibaba Group Holding Limited has faced an 18% loss year-to-date amid leadership and organizational restructuring, while PDD Holdings Inc continues to grow its market share.
Portfolio Pulse from
Anusuya Lahiri
December 27, 2023 | 2:15 pm
TRVN
Trevena Inc. (NASDAQ:TRVN), a biopharmaceutical company, announced a private placement of 2,779,906 shares and warrants at $0.70/share, expecting to raise $1.946 million. Additionally, Trevena will exercise existing warrants for 2,934,380 shares at the same price, aiming to raise $2.054 million. The new warrants will be exercisable upon stockholder approval and expire in five years. H.C. Wainwright & Co. is the exclusive placement agent for these offerings.
Portfolio Pulse from
Benzinga Newsdesk
December 27, 2023 | 2:12 pm
IROHU
Iron Horse Acquisitions Corp. (NASDAQ:IROHU) has priced its initial public offering (IPO) at $10 per unit, aiming to raise $61 million through the sale of 6.1 million units. Each unit includes one share of common stock, one warrant, and one right to receive one-fifth of a share upon a business combination. The units will trade on NASDAQ under the symbol 'IROHU' starting December 27, 2023, with separate trading of the common stock, warrants, and rights under the symbols 'IROH', 'IROHW', and 'IROHR'. EF Hutton LLC is the sole book-running manager, and Brookline Capital Markets is the co-manager. The underwriters have an option to purchase up to an additional 900,000 units to cover over-allotments. The offering is expected to close on December 28, 2023.
Portfolio Pulse from
Benzinga Newsdesk
December 27, 2023 | 2:09 pm
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