Streetbeat News

Equity Actions

TEX

Terex Corporation (NYSE:TEX) announced a leadership succession plan. John L. Garrison, Jr. will retire as Chairman and CEO effective January 1, 2024. He will be succeeded by Simon Meester, current President of Terex Aerial Work Platforms. Joshua Gross, current Genie Vice President of Global Strategy and Product Management, will be promoted to President Genie. Garrison will continue as a consultant for Terex after January 1, 2024 through June 30, 2024.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 8:18 pm

RARE

Ultragenyx Pharmaceutical Inc. has announced a proposed public offering of common stock worth up to $300 million. The proceeds will be used for general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 8:03 pm

ANET

Arista Networks (NYSE:ANET) has seen unusual options activity, with a majority of investors taking a bullish stance. Whales have been targeting a price range from $190.0 to $220.0 for Arista Networks over the last 3 months. The company's stock price is currently down by 0.8% at $195.27. Piper Sandler has downgraded its action to Neutral with a price target of $190.

Portfolio Pulse from Benzinga Insights

October 17, 2023 | 8:01 pm

PBR

A significant amount of unusual options activity has been observed for Petrobras Brasileiro (NYSE:PBR), with a bearish stance being taken by a majority of investors. The targeted price range for the company over the last three months has been between $12.0 and $20.0. The company's stock price is currently down by 0.06% at $15.78. Jefferies has downgraded its action to Buy with a price target of $21.

Portfolio Pulse from Benzinga Insights

October 17, 2023 | 8:01 pm

PEP

A significant bearish stance has been taken on PepsiCo (NASDAQ:PEP) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split between 43% bullish and 56% bearish. The whales have been targeting a price range from $155.0 to $190.0 for PepsiCo over the last 3 months. Several financial institutions have maintained their ratings on PepsiCo, with price targets ranging from $170 to $195.

Portfolio Pulse from Benzinga Insights

October 17, 2023 | 7:15 pm

USB

Unusual options activity has been observed for U.S. Bancorp (NYSE:USB), with a large position indicating a bullish stance. The sentiment among these big-money traders is split between 60% bullish and 40% bearish. The whales have been targeting a price range from $32.5 to $36.5 for U.S. Bancorp over the last 3 months. The current price of USB is down -0.55% at $32.44. Analysts from Morgan Stanley, Citigroup, Oppenheimer, and Goldman Sachs have maintained their ratings on U.S. Bancorp.

Portfolio Pulse from Benzinga Insights

October 17, 2023 | 7:15 pm

CHPT

TSLA

Oppenheimer analyst Colin Rusch reiterated an Outperform rating on ChargePoint Holdings Inc (CHPT) and lowered the price target from $14 to $13. CHPT recently announced a commitment by investors to purchase $175 million of common stock and raised net proceeds of $57 million under the ATM facility during Q3 FY24. The company also extended the due date of its convertible debt to 2028 and adjusted the convertible price from $24.03/share to $12/share. Despite agreements between vehicle OEMs and Tesla (TSLA), the analyst sees CHPT gaining incremental share in the North American public charging market.

Portfolio Pulse from Shivani Kumaresan

October 17, 2023 | 6:53 pm

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