Streetbeat News

Equity Actions

COP

A significant amount of unusual options activity has been observed for ConocoPhillips (NYSE:COP), with a majority of investors taking a bullish stance. Whales have been targeting a price range from $75.0 to $125.0 for ConocoPhillips over the last 3 months. The price of COP is currently up 1.16% at $118.02. Susquehanna and UBS have maintained their Positive and Buy ratings on ConocoPhillips, with price targets of $152 and $149 respectively.

Portfolio Pulse from Benzinga Insights

November 02, 2023 | 4:33 pm

PANW

A significant bearish stance has been taken on Palo Alto Networks (NASDAQ:PANW) by a large investor, as observed in the options history. The sentiment among these big-money traders is 90% bearish and 10% bullish. The whales have been targeting a price range from $170.0 to $263.33 for Palo Alto Networks over the last 3 months. The price of PANW is up 1.03% at $247.39. Needham, Keybanc, and JMP Securities have given price targets of $305, $315, and $300 respectively.

Portfolio Pulse from Benzinga Insights

November 02, 2023 | 4:17 pm

HWM

Howmet Aerospace Inc (HWM) reported a 16% YoY revenue growth to $1.66 billion in Q3 FY23, beating the consensus of $1.60 billion. The company's adjusted EPS improved by 28% YoY to $0.46, surpassing the consensus of $0.43. HWM repurchased $25 million of common stock during the quarter. The company's operating cash flow for the nine months ended September 30, 2023, was $443 million, compared to $278 million a year ago. The company expects a 7% YoY revenue growth in 2024.

Portfolio Pulse from Akanksha Bakshi

November 02, 2023 | 4:13 pm

SYM

Symbotic Inc. (NASDAQ:SYM), an AI company specializing in advanced robotics and automation solutions for warehouses and supply chain operations, has seen significant growth since its IPO in June 2022. The company's stock, which debuted at $10.54, reached a peak of $63.54 and is currently trading at approximately $34. An initial investment of $1,000 in Symbotic at its opening day price would now be worth $3,230.

Portfolio Pulse from Chris Bibey

November 02, 2023 | 4:03 pm

CANO

Cano Health, Inc. (NYSE: CANO) has completed a 1-for-100 reverse stock split of its Class A and Class B common stock, following approval by the company's stockholders and its Board of Directors. The reverse stock split is expected to enable the company's Class A common stock to regain compliance with the New York Stock Exchange's listing rules. The company's Class A common stock will begin trading on a split-adjusted basis on November 3, 2023. The total number of Class A and Class B common stock authorized for issuance will be reduced significantly. The company believes the reverse stock split will increase the price per share of the company's Class A common stock and make it more attractive to a broader range of investors.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 4:03 pm

BX

A significant bearish stance has been taken on Blackstone (NYSE:BX) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is 30% bullish and 70% bearish. Whales have been targeting a price range from $65.0 to $130.0 for Blackstone over the last 3 months. The current price of BX is up 2.35% at $96.97. Major financial institutions have maintained their positive ratings on Blackstone, with price targets ranging from $105 to $120.

Portfolio Pulse from Benzinga Insights

November 02, 2023 | 4:02 pm

CRM

Salesforce (NYSE:CRM) has outperformed the market over the past 15 years, producing an average annual return of 25.16%. If an investor had bought $100 of CRM stock 15 years ago, it would be worth $2,919.72 today. The company currently has a market capitalization of $201.35 billion.

Portfolio Pulse from Benzinga Insights

November 02, 2023 | 4:00 pm

ARM

The article provides a detailed comparison of ARM Holdings with its competitors in the Semiconductors & Semiconductor Equipment industry. ARM Holdings has a high PE ratio, PB ratio, and PS ratio, indicating that the stock is trading at a premium. However, the company has a low ROE, EBITDA, gross profit, and revenue growth, suggesting potential inefficiencies and lower profitability. ARM Holdings also has a lower debt-to-equity ratio compared to its top 4 peers, indicating a healthier balance between debt and equity.

Portfolio Pulse from Benzinga Insights

November 02, 2023 | 4:00 pm

CHPT

ChargePoint Holdings Inc (NYSE:CHPT) shares are trading higher by 11.8% despite a lack of company-specific news. The rise may be due to broader strength in the EV sector and overall market strength following the Federal Reserve's decision to maintain the federal funds rate. ChargePoint's stock has seen a 40% decline in the past month, largely due to the company's announcement regarding commitments from institutional investors for their $300 million convertible notes issued in April 2022.

Portfolio Pulse from Henry Khederian

November 02, 2023 | 3:53 pm

NRG

NRG Energy reported its Q3 financial results and announced a 15% increase in its stock buyback program, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 3:51 pm