Streetbeat News

Equity Actions

FCX

A significant amount of unusual options activity has been observed for Freeport-McMoRan (NYSE:FCX), with a bullish stance taken by a majority of investors. The targeted price range for the company over the last three months has been between $25.0 and $49.0. The company's stock price is currently down by 2.38% at $35.61. Morgan Stanley has maintained their Equal-Weight rating on Freeport-McMoRan with a price target of $44, while JP Morgan has downgraded its action to Neutral with a price target of $42.

Portfolio Pulse from Benzinga Insights

October 18, 2023 | 8:16 pm

COST

Costco Wholesale Corporation has announced that its CEO, Craig Jelinek, will step down and be replaced by Ron Vachris. The transition of leadership may impact the company's future strategies and operations.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 8:15 pm

YMAB

Y-mAbs Therapeutics has announced the appointment of Michael Rossi as President, CEO, and Director, effective from November 6, 2023. Thomas Gad, the company's founder, will step down from his current roles and assume the positions of Vice Chairman of the Board of Directors and Chief Business Officer.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 8:13 pm

LVS

Las Vegas Sands has announced a $2 billion stock repurchase authorization through November 3, 2025. This comes after the company reinstated its dividend last quarter.

Portfolio Pulse from Happy Mohamed

October 18, 2023 | 8:11 pm

V

Alfred F. Kelly is set to retire as Chairman of Visa's board. He will be succeeded by John F. Lundgren, the current Lead Independent Director.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 8:10 pm

NFLX

TSLA

Harvard University is establishing a Study of Psychedelics in Society and Culture, backed by a $16 million donation from a former Tesla employee and Valor Equity Partners CEO, Antonio Gracias, through his Family Foundation. The program aims to transform the psychedelics research landscape and will approach the field from various humanistic and social scientific viewpoints. The donation will fund several activities at Harvard, including an endowed professorship, fellowships with UC Berkeley, research and training support, and the organization of seminars and public events.

Portfolio Pulse from Lara Goldstein

October 18, 2023 | 8:07 pm

DKNG

DraftKings Inc. (NASDAQ:DKNG) shares traded lower due to rising Treasury yields and concerns of growing inflation and future rate hikes. The stock has been volatile recently, and the situation was exacerbated by President Joe Biden's announcement of an “unprecedented support package for Israel,” which caused 30-year yields to rise above 5% and yields on 10-year Treasuries to reach 4.9%, the highest level since 2007. In this period of high inflation and rising yields, discretionary stocks like DraftKings may be particularly impacted as consumers are likely to spend less on non-essential goods and services.

Portfolio Pulse from Ryan Gustafson

October 18, 2023 | 8:07 pm

YMAB

Y-mAbs Therapeutics, Inc. (NASDAQ:YMAB) has appointed Michael Rossi as its new President and CEO, effective from November 6, 2023. Rossi brings over 30 years of experience in the radiopharmaceutical industry, having held leadership roles at Advanced Accellerators Applications, Jubilant Radiopharm, GE Healthcare, and Mirion Technologies. Thomas Gad, the founder of Y-mAbs, will assume the roles of Vice Chairman of the Board of Directors and Chief Business Officer.

Portfolio Pulse from Happy Mohamed

October 18, 2023 | 8:06 pm

TENKU

TenX Keane Acquisition (NASDAQ:TENKU) has extended the deadline for its initial business combination from October 18, 2023, to January 18, 2024. To facilitate this, the company has deposited $660,000 into its trust account, representing $0.10 per public share. The payment was made by 10XYZ Holdings LP, the company's sponsor.

Portfolio Pulse from Happy Mohamed

October 18, 2023 | 8:03 pm

D

A significant bullish stance has been taken on Dominion Energy (NYSE:D) by a large investor or institution, as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 69% bullish and 30% bearish. The whales have been targeting a price range from $32.5 to $42.5 for Dominion Energy over the last 3 months. BMO Capital and JP Morgan have maintained their ratings on Dominion Energy with a price target of $49, while Scotiabank downgraded its action to Sector Perform with a price target of $46.

Portfolio Pulse from Benzinga Insights

October 18, 2023 | 7:46 pm