Streetbeat News

Equity Actions

ON

A significant bullish stance has been taken on ON Semiconductor (NASDAQ:ON) as evidenced by unusual options activity. The overall sentiment of these big-money traders is split between 54% bullish and 45% bearish. Whales have been targeting a price range from $70.0 to $92.0 for ON Semiconductor over the last 3 months. Exane BNP Paribas downgraded its action to Neutral with a price target of $95 while Morgan Stanley maintained their Equal-Weight rating with a price target of $110.

Portfolio Pulse from Benzinga Insights

October 20, 2023 | 2:46 pm

BTCUSD

COIN

Coinbase's Chief Legal Officer, Paul Grewal, expressed optimism about the SEC approving a U.S. Bitcoin ETF, stating that the financial watchdog will fulfill its responsibilities. This comes after a court decision found no grounds for the SEC's refusal of Grayscale's proposal to transform its GBTC Bitcoin fund into an ETF. The acceptance of a Bitcoin ETF could provide investors an alternative to direct Bitcoin purchases on exchanges, potentially benefiting Coinbase.

Portfolio Pulse from Murtuza Merchant

October 20, 2023 | 2:46 pm

IMAX

Traders are circulating news that Zacks Surprise Trader has purchased stock in IMAX Corp.

Portfolio Pulse from Benzinga Newsdesk

October 20, 2023 | 2:38 pm

AKAM

Investor Business Daily SwingTrader has reportedly sold its stock in Akamai Technologies.

Portfolio Pulse from Benzinga Newsdesk

October 20, 2023 | 2:37 pm

VFS

VinFast Auto Ltd. (NASDAQ:VFS) shares are trading lower after the company signed an equity subscription agreement with YA II PN, Ltd. (Yorkville) for up to $1 billion. The funds will be used for developing manufacturing facilities, working capital, strategic investments, and acquisitions. The company recently agreed to acquire a 99.8% stake in VinES Energy Solutions and is planning to expand into Southeast Asia.

Portfolio Pulse from Nabaparna Bhattacharya

October 20, 2023 | 2:33 pm

JNJ

Janssen, a pharmaceutical company of Johnson & Johnson (JNJ), announced that its drug Tremfya demonstrated significant skin clearance in a large-scale study dedicated to people of color living with moderate to severe plaque psoriasis. This is the first study of its kind.

Portfolio Pulse from Benzinga Newsdesk

October 20, 2023 | 2:29 pm

BAER

ICU

MDAI

NOK

NUZE

Benzinga's Stock Whisper Index has highlighted five stocks that warrant attention for the week of Oct. 20, 2023. These include NuZee Inc (NASDAQ:NUZE), which saw a significant drop in share price after announcing a public offering; Bridger Aerospace Group Holdings (NASDAQ:BAER), which also saw a drop in shares after a public offering announcement; Spectral AI (NASDAQ:MDAI), which saw shares rise after its medical device received FDA classification; SeaStar Medical Holding Corporation (NASDAQ:ICU), which saw shares rise after receiving FDA Breakthrough Device Designation; and Nokia Corporation (NYSE:NOK), which saw shares fall after reporting a drop in Q3 sales.

Portfolio Pulse from Chris Katje

October 20, 2023 | 2:26 pm

INTC

A significant investor has taken a bullish stance on Intel (NASDAQ:INTC), with 54% of investors opening trades with bullish expectations and 45% with bearish. The whales have been targeting a price range from $30.0 to $50.0 for Intel over the last 3 months. The price of INTC is up 0.06% at $35.69. Analysts have mixed opinions, with ratings ranging from Sell to Outperform and price targets from $17 to $56.

Portfolio Pulse from Benzinga Insights

October 20, 2023 | 2:16 pm

AMC

AMC Entertainment Holdings Inc (NYSE:AMC) shares are trading higher by roughly 2.6% to $9.61. The company will report its Q3 results on November 8. The stock may be volatile due to recent momentum in anticipation of the debut of the Taylor Swift Eras Tour concert film. The company's 2023 decline is primarily attributed to a strategic move made by the company in August, which involved implementing a 10-to-1 reverse stock split. The company's AMC Preferred Equity Units were converted into common stock.

Portfolio Pulse from Henry Khederian

October 20, 2023 | 2:12 pm

DIS

A significant bearish stance has been taken on Walt Disney (NYSE:DIS) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split, with 40% bullish and 60% bearish. The whales have been targeting a price range from $50.0 to $90.0 for Walt Disney over the last 3 months. Meanwhile, JP Morgan maintains an Overweight rating on Disney with a price target of $120, while Seaport Global and Bernstein have downgraded their actions with price targets of $93 and $103 respectively.

Portfolio Pulse from Benzinga Insights

October 20, 2023 | 2:02 pm