Streetbeat News

Equity Actions

AUVI

CAMP

OMQS

PIXY

PRZO

VCNX

U.S. stocks traded higher with the Dow Jones index gaining more than 300 points. Information technology shares rose by 1.8%. U.S. nonfarm payrolls rose by 336,000 in September, above market estimates. ParaZero Technologies, Vaccinex, and Applied UV saw significant stock increases. CalAmp Corp., OMNIQ Corp., and ShiftPixy saw significant stock decreases. Gold and oil prices increased.

Portfolio Pulse from Lisa Levin

October 06, 2023 | 6:31 pm

LULU

A significant amount of unusual options activity has been observed for Lululemon Athletica (NASDAQ:LULU), with a bearish stance being taken by a majority of investors. The price target for Lululemon Athletica over the last 3 months has been between $350.0 to $390.0. The current price of LULU is down -0.25% at $359.46. HSBC, Needham, and Telsey Advisory Group have all downgraded their actions to Buy or Outperform with price targets ranging from $450 to $500.

Portfolio Pulse from Benzinga Insights

October 06, 2023 | 6:17 pm

MA

A significant number of investors have taken a bearish stance on Mastercard (NYSE:MA), with 68% of the detected trades being bearish and 31% bullish. The total amount for puts is $639,360 and for calls is $104,970. Whales have been targeting a price range from $330.0 to $440.0 for Mastercard over the last 3 months. The current price of MA is down -0.81% at $391.0. Truist Securities and Jefferies have maintained their Buy rating on Mastercard with a price target of $475.

Portfolio Pulse from Benzinga Insights

October 06, 2023 | 6:17 pm

AMD

Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) are trading higher amid a rebound in tech stocks and a pullback in Treasury yields. Lower competition from fixed-income investments can drive up demand for stocks. High growth and technology stocks like AMD are often sensitive to changes in interest rates. A pullback in yields can support higher valuations for growth stocks.

Portfolio Pulse from Henry Khederian

October 06, 2023 | 6:03 pm

BLK

BlackRock Inc.'s (NYSE:BLK) share price increased by 1.30% in the current market session, reaching $648.63. Despite a 6.08% decrease over the past month, the stock has risen by 18.90% over the past year. The company's P/E ratio of 18.7 is lower than the Capital Markets industry average of 40.77, suggesting that the stock may be undervalued or have weaker growth prospects.

Portfolio Pulse from Benzinga Insights

October 06, 2023 | 6:00 pm

TIO

Agri-Fintech Holdings, Inc., previously known as Tingo, Inc., has announced that the liquidation of the company and the resulting distribution is expected to begin in Q4 of 2023.

Portfolio Pulse from Benzinga Newsdesk

October 06, 2023 | 5:48 pm

TIO

TMNA

Agri-Fintech Holdings, Inc., formerly known as Tingo, Inc., has announced its intention to liquidate and distribute its holdings in Tingo Group, Inc. (TIO) to its shareholders. The liquidation and distribution process is expected to commence in Q4 2023, following the satisfaction of the company's liabilities. The company received its holdings in TIO through the sale of its subsidiary, Tingo Mobile Ltd., to TIO. The company may become the controlling shareholder of TIO if the Series B Preferred Stock is converted into TIO common stock.

Portfolio Pulse from Benzinga Newsdesk

October 06, 2023 | 5:47 pm

DELL

A significant bullish stance has been taken on Dell Technologies (NYSE:DELL) by a large investor, as indicated by a large position in the company's options. The sentiment among these big-money traders is 70% bullish and 30% bearish. The targeted price range for Dell Technologies over the last 3 months is from $47.5 to $100.0. Several financial institutions have maintained positive ratings on Dell, with price targets ranging from $75 to $89.

Portfolio Pulse from Benzinga Insights

October 06, 2023 | 5:46 pm

RTX

A significant bullish stance has been taken on RTX (NYSE:RTX) with 14 uncommon options trades spotted, split between 71% bullish and 28% bearish. The whales have been targeting a price range from $65.0 to $85.0 for RTX over the last 3 months. The current price of RTX is $69.1. JP Morgan, Wells Fargo, DZ Bank, Barclays, and RBC Capital have given their ratings and price targets for RTX.

Portfolio Pulse from Benzinga Insights

October 06, 2023 | 5:46 pm

ADBE

A significant bearish stance has been taken on Adobe (NASDAQ:ADBE) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split between 33% bullish and 66% bearish. The whales have been targeting a price range from $410.0 to $570.0 for Adobe over the last 3 months. Adobe's current price is $513.86, down 0.5%. Several financial institutions have maintained their ratings on Adobe, with price targets ranging from $530 to $645.

Portfolio Pulse from Benzinga Insights

October 06, 2023 | 5:30 pm