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Equity Actions

CMG

Unusual options activity has been observed for Chipotle Mexican Grill (NYSE:CMG), with a large position indicating a bullish stance. The sentiment among these big-money traders is split between 65% bullish and 34% bearish. The whales have been targeting a price range from $700.0 to $2450.0 for Chipotle over the last 3 months. Several financial institutions have maintained their positive ratings on Chipotle, with price targets ranging from $2200 to $2330.

Portfolio Pulse from Benzinga Insights

October 16, 2023 | 3:01 pm

A significant bullish position has been taken on JD.com (NASDAQ:JD) by an unknown entity, possibly an institution or wealthy individual. This was noticed through publicly available options history. The overall sentiment of these big-money traders is split between 51% bullish and 48% bearish. The price target for JD.com over the last 3 months has been between $25.0 to $45.0. The current price of JD is down -1.52% at $26.64. Several financial institutions have maintained or downgraded their ratings on JD.com.

Portfolio Pulse from Benzinga Insights

October 16, 2023 | 3:00 pm

AAPL

ALB

AZN

BTCUSD

CVS

HON

MANU

NVAX

NWSA

PFE

RAD

WBA

Bitcoin's price spiked on false rumors of an ETF approval by BlackRock. Albemarle Corporation withdrew its offer to acquire Liontown Resources. Pfizer cut its annual revenue guidance by $9B due to a slump in COVID-19 vaccine sales, and BioNTech warned of €900M write-offs. Rite Aid filed for Chapter 11 bankruptcy. AstraZeneca's Tagrisso-Chemo combo is under FDA priority review. Honeywell projects a 10% increase in new business jet deliveries in 2024. WeWork appointed David Tolley as CEO. Novavax faces a setback as the EMA delays a decision on its COVID-19 vaccine. Activist shareholder Starboard Value acquired a stake in News Corp. Goldman Sachs is reconsidering its consumer lending venture. Manchester United shares fell as the Qatari group pulled away from acquisition. Apple is reshuffling its executive ranks and focusing on reducing the price of Vision Pro. Walgreens and CVS pharmacy staff are planning a nationwide walkout over poor working conditions.

Portfolio Pulse from Vandana Singh

October 16, 2023 | 2:35 pm

ABCM

DHR

Jonathan Milner, founder and one of the largest shareholders of Abcam plc (ABCM), has released a presentation urging shareholders to reject Danaher Corporation's (DHR) $24 per share bid. Milner believes the bid undervalues Abcam, especially considering the company's anticipated growth and increased EBITDA margins for FY24. He also unveiled his strategy for Abcam, 'Abcam 3.0', which includes overhauling the company's board and focusing on four strategic pillars for growth.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2023 | 2:34 pm

FMC

Vertical Research analyst Kevin McCarthy has upgraded FMC (NYSE:FMC) from Hold to Buy and announced a price target of $94.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2023 | 2:10 pm

VLTO

Vertical Research analyst Jeffrey Sprague has upgraded Veralto (NYSE:VLTO) from Hold to Buy and announced a price target of $82.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2023 | 2:08 pm

Scotiabank analyst Andrew Weisel has upgraded Southern (NYSE:SO) from Sector Perform to Sector Outperform and announced a price target of $78.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2023 | 2:02 pm

EIS

GLD

UUP

The Israel-Hamas conflict continues into its tenth day, with diplomatic efforts ongoing and global solidarity rallies for Palestine gaining momentum. The conflict has led to the evacuation of several U.S. citizens from Haifa Port due to flight cancellations. The stock market rebounded on Monday following a significant selloff on Friday. SPDR Gold Trust (GLD) fell 0.3%, United States Oil Fund (UUP) increased by 0.6%, and MSCI Israel ETF (EIS) rebounded by 2.4%.

Portfolio Pulse from Piero Cingari

October 16, 2023 | 2:00 pm

ASML

A significant bullish stance has been taken on ASML Holding (NASDAQ:ASML) by an unidentified entity, with 12 uncommon options trades spotted. The sentiment of these trades is split 50% bullish and 50% bearish. The whales have been targeting a price range from $540.0 to $640.0 for ASML Holding over the last 3 months. JP Morgan and Susquehanna have maintained their Overweight and Positive ratings on ASML Holding, with price targets of $732 and $810 respectively.

Portfolio Pulse from Benzinga Insights

October 16, 2023 | 1:46 pm

RCM

Jehoshaphat Research has issued a short report on R1 RCM, expressing concerns about the company's financial accounting, corporate governance, and business model. The report suggests that R1 RCM's stock is practically uninvestible due to aggressive revenue recognition, inflated EBITDA, under-reserving for customer bad debts, hidden customer acquisition costs, and high level of debt. The report also highlights the recent departures of the CEO, CFO, CCO, and CSO, and an oversized board full of customers. R1 RCM's business model is said to be dangerously reflexive, requiring a high stock price for the business to work. The report predicts a miss on incentive fees this quarter.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2023 | 1:41 pm