Streetbeat News

Equity Actions

BIDU

A significant bearish stance on Baidu (NASDAQ:BIDU) has been observed through unusual options activity. The sentiment among big-money traders is split between 46% bullish and 53% bearish. The whales have been targeting a price range from $105.0 to $140.0 for Baidu over the last 3 months. Currently, BIDU's price is down -1.99% at $104.06. Benchmark has downgraded its action to Buy with a price target of $210, while JP Morgan maintains their Overweight rating with a price target of $185.

Portfolio Pulse from Benzinga Insights

October 31, 2023 | 7:02 pm

DKNG

MGM

NBA star James Harden has been traded from the Philadelphia 76ers to the Los Angeles Clippers, a move that has significantly impacted the sports betting odds for the 2023-2024 NBA season. The trade has boosted the Clippers' odds of winning the NBA Championship from +1700 to +1200 at DraftKings Inc (NASDAQ:DKNG), and from +2200 to +1300 at BetMGM, a joint venture of MGM Resorts International (NYSE:MGM) and Entain. The 76ers' odds also slightly improved from +1900 to +1800.

Portfolio Pulse from Chris Katje

October 31, 2023 | 6:40 pm

FCX

A significant bearish stance has been taken on Freeport-McMoRan (NYSE:FCX) by a large investor or institution, as indicated by unusual options activity. The sentiment among these big-money traders is 28% bullish and 71% bearish. The whales have been targeting a price range from $30.0 to $40.0 for FCX over the last 3 months. The current price of FCX is down -1.13% at $33.66. Morgan Stanley, BMO Capital, and JP Morgan have maintained their ratings on FCX with price targets of $41, $45, and $42 respectively.

Portfolio Pulse from Benzinga Insights

October 31, 2023 | 6:31 pm

BLRX

BioLineRx has entered into an exclusive license agreement for motixafortide in Asia, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 6:21 pm

BFRI

Biofrontera has announced a $4.5 million registered direct offering, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 6:12 pm

SLS

SELLAS Life Sciences has announced a $4 million registered direct offering, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 6:12 pm

MPC

Marathon Petroleum reported Q3 financial results, announced an increase to its quarterly dividend, and an additional $5 billion share repurchase authorization. This news led to a rise in the company's shares.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 5:57 pm

ORCL

A significant bullish stance has been taken on Oracle (NYSE:ORCL) as evidenced by unusual options activity. The sentiment among these big-money traders is split 50% bullish and 50% bearish. The whales have been targeting a price range from $70.0 to $125.0 for Oracle over the last 3 months. Evercore ISI Group upgraded its action to Outperform with a price target of $135, while Morgan Stanley maintained their Equal-Weight rating with a price target of $107.

Portfolio Pulse from Benzinga Insights

October 31, 2023 | 5:47 pm

EL

A significant bullish stance has been taken on Estee Lauder Cos (NYSE:EL) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split between 70% bullish and 30% bearish. The price target for Estee Lauder Cos over the last 3 months has been between $115.0 to $180.0. The company's stock price is currently up 0.04% at $128.03. Several financial institutions have maintained their ratings on Estee Lauder, with price targets ranging from $148 to $210.

Portfolio Pulse from Benzinga Insights

October 31, 2023 | 5:32 pm

GOOGL

A significant number of investors have taken a bearish stance on Alphabet (NASDAQ:GOOGL), with 66% of the 51 detected trades being bearish. The total amount for puts is $1,651,450 and for calls is $947,948. Whales have been targeting a price range from $80.0 to $160.0 for Alphabet over the last 3 months. The current price of GOOGL is up 0.49% at $125.07. Analysts from Wells Fargo, Wedbush, Roth MKM, Keybanc, and B of A Securities have maintained their ratings on Alphabet, with price targets ranging from $126 to $160.

Portfolio Pulse from Benzinga Insights

October 31, 2023 | 5:18 pm