Streetbeat News

Equity Actions

GD

Unusual options activity has been observed for General Dynamics (NYSE:GD), with a large position indicating a bullish stance. The options scanner at Benzinga spotted 18 options trades for General Dynamics, with 66% bullish and 33% bearish sentiment. Whales have been targeting a price range from $200.0 to $260.0 for General Dynamics over the last 3 months. The price of GD is up 8.43% at $238.48. Wells Fargo, Citigroup, and Berenberg maintain positive ratings on General Dynamics, while Susquehanna and Deutsche Bank have downgraded their actions to Positive and Buy respectively.

Portfolio Pulse from Benzinga Insights

October 09, 2023 | 8:46 pm

U

Unity has appointed Roelof Botha, the Lead Independent Director of the Board, as its Chairman.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2023 | 8:34 pm

U

Unity has announced that John Riccitiello will retire as President, CEO, Chairman, and Member of the Board of Directors, effective immediately. James M. Whitehurst has been appointed as the interim CEO and President.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2023 | 8:31 pm

DAL

EIS

Delta Air Lines has announced the cancellation of its flights to Tel Aviv through October 31.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2023 | 8:21 pm

PD

PagerDuty announced a proposed private placement of $350 million of convertible senior notes, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2023 | 8:17 pm

CRM

A significant bearish stance has been taken on Salesforce (NYSE:CRM) by a large investor, as indicated by unusual options trading activity. The overall sentiment of these big-money traders is split between 41% bullish and 58% bearish. The whales have been targeting a price range from $150.0 to $230.0 for Salesforce over the last 3 months. Several financial institutions have downgraded their actions on Salesforce with price targets ranging from $240 to $275.

Portfolio Pulse from Benzinga Insights

October 09, 2023 | 8:16 pm

ORGN

Shares of Origin Materials, Inc. (NASDAQ:ORGN) dropped on Monday following the recent appointment of Matt Plavan as CEO. The company experienced above-average trading volume of 5.71 million shares compared to its average volume of 2.67 million. The stock also has increased short interest with 7.55% of shares currently sold short. Shares of ORGN were down 20.6% at $0.89 at the time of publication.

Portfolio Pulse from Ryan Gustafson

October 09, 2023 | 8:15 pm

PD

PagerDuty, Inc. (NYSE: PD) has announced a proposed private placement of $350 million of convertible senior notes due 2026. The initial purchasers will have a 13-day option to purchase up to an additional $52.5 million of notes.

Portfolio Pulse from Bill Haddad

October 09, 2023 | 8:06 pm

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GS

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LI

NIO

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China's Golden Week Holiday spending fell short of government expectations, with consumer spending and home sales data affecting markets. Goldman Sachs Group Inc. predicts a protracted recovery for China's economy. Property developers Country Garden Holdings Limited and Hysan Development Company Limited are planning debt restructuring and offering respectively. China Evergrande's EV spin-off, China Evergrande New Energy Vehicle Group Limited, dropped 9% after a trading suspension was lifted. EV companies XPeng Inc, Li Auto Inc, and NIO Inc. saw their stocks fall, while BYD Company Limited reported strong sales.

Portfolio Pulse from Daniel Harrison

October 09, 2023 | 8:02 pm

DE

The escalating conflict in the Middle East could disrupt Israel's agricultural sector, affecting several major agricultural companies with ties to the region, including Bayer Crop Science, Deere & Company (NYSE:DE), and Cargill. The conflict could damage infrastructure, reduce crop yields, and potentially lead to food shortages. Each of these companies has significant investments in Israeli agriculture, from carbon capture to digital farm management systems and cultured meat.

Portfolio Pulse from Michael Cohen

October 09, 2023 | 7:57 pm