Streetbeat News

Equity Actions

SHOP

A significant amount of unusual options activity has been detected for Shopify (NYSE:SHOP), with a majority of investors taking a bearish stance. Whales have been targeting a price range from $45.0 to $60.0 for Shopify over the last 3 months. The price of SHOP is currently up 1.24% at $53.94. Seaport Global and JMP Securities have downgraded their ratings for Shopify, while Loop Capital has maintained their Hold rating.

Portfolio Pulse from Benzinga Insights

October 17, 2023 | 6:46 pm

WAVD

WaveDancer has announced a 1-for-10 reverse stock split, leading to an increase in its share price.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 6:43 pm

TGT

Unusual options activity has been observed for Target (NYSE:TGT), with a large position indicating a bullish stance. The sentiment among these big-money traders is split between 56% bullish and 43% bearish. The price range targeted by these traders over the last 3 months is from $85.0 to $120.0. Analysts from Truist Securities, HSBC, Stifel, and B of A Securities have given their ratings and price targets for Target.

Portfolio Pulse from Benzinga Insights

October 17, 2023 | 6:31 pm

GFS

GLOBALFOUNDRIES Inc. (NASDAQ:GFS) shares are currently trading at $55.82, after a 1.24% decrease. Despite a 2.18% fall over the past month, the stock has risen by 7.52% over the past year. The company's price-to-earnings (P/E) ratio is lower than the aggregate P/E of the Semiconductors & Semiconductor Equipment industry, suggesting the stock might be undervalued. However, a lower P/E can also indicate that shareholders do not expect future growth.

Portfolio Pulse from Benzinga Insights

October 17, 2023 | 6:15 pm

NOC

A significant bearish stance has been taken on Northrop Grumman (NYSE:NOC) by a large investor, as indicated by unusual options trades. The sentiment among these big-money traders is split between 36% bullish and 63% bearish. The whales have been targeting a price range from $210.0 to $550.0 for Northrop Grumman over the last 3 months. Deutsche Bank and UBS have downgraded their action to Buy with price targets of $502 and $555 respectively, while Wells Fargo maintains an Equal-Weight rating with a price target of $435.

Portfolio Pulse from Benzinga Insights

October 17, 2023 | 6:01 pm

NEE

A significant bearish stance has been taken on NextEra Energy (NYSE:NEE) by a large investor or institution, as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 46% bullish and 53% bearish. The whales have been targeting a price range from $42.5 to $77.5 for NextEra Energy over the last 3 months. BMO Capital, Morgan Stanley, and Mizuho have maintained their positive ratings on NextEra Energy, with price targets of $72, $91, and $65 respectively.

Portfolio Pulse from Benzinga Insights

October 17, 2023 | 6:01 pm

ABNB

CVNA

DKNG

LULU

LVS

MCD

SONO

TSLA

VFS

WYNN

Benzinga's options activity scanner has identified significant options activity in the Consumer Discretionary sector. Notable transactions include bullish put options for TSLA and WYNN, bearish put options for VFS, CVNA, and SONO, and bearish call options for DKNG, LULU, and ABNB. Neutral sentiment was observed for MCD, while LVS showed bullish call options.

Portfolio Pulse from Benzinga Insights

October 17, 2023 | 5:35 pm

WFC

A significant amount of bearish options activity has been observed for Wells Fargo (NYSE:WFC), with 86% of investors opening trades with bearish expectations. The total amount for puts is $1,686,541 and for calls is $536,216. Whales have been targeting a price range from $30.0 to $50.0 for Wells Fargo over the last 3 months. BMO Capital maintains a Market Perform rating on Wells Fargo with a price target of $54, while Deutsche Bank downgraded its action to Buy with a price target of $44.

Portfolio Pulse from Benzinga Insights

October 17, 2023 | 5:30 pm

RTX

Unusual options activity has been observed for Raytheon Technologies Corporation (RTX), with a significant bullish stance taken by a large investor. The overall sentiment of these big-money traders is split between 76% bullish and 23% bearish. The price of RTX is currently down -0.26% at $73.79. Several financial institutions have given their ratings and price targets for RTX, with most maintaining an Equal-Weight rating and price targets ranging from $78 to $83.

Portfolio Pulse from Benzinga Insights

October 17, 2023 | 5:02 pm

CHEK

Symetryx is seeking to change the board of Check-Cap Ltd, stating that it is open to discussing alternatives with the management and other shareholders of Check-Cap. Symetryx believes that their proposed directors will be able to reduce Check-Cap's burn rate.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 4:59 pm