Streetbeat News

Equity Actions

CMG

A significant bearish stance has been observed in Chipotle Mexican Grill's (NYSE:CMG) options activity. Of the 29 unusual trades detected, 55% were bearish and 44% bullish. The total amount for puts was $682,411 and for calls was $620,708. Whales have been targeting a price range from $1650.0 to $2250.0 for Chipotle over the last 3 months. The company's stock price is currently down by 0.07% at $1830.59. Several experts have downgraded their ratings on Chipotle, with price targets ranging from $2200 to $2280.

Portfolio Pulse from Benzinga Insights

October 02, 2023 | 4:01 pm

SPY

UNG

USO

International Energy Agency (IEA) Executive Director Birol stated that subsidies are a major incentive to increase fossil fuel use and eliminating them is crucial. This statement could impact the fossil fuel industry and related ETFs.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 3:58 pm

AMZN

BROG

DHR

MSFT

TSLA

Bitcoin has hit a 6-week high of over $28,000. Analysts predict a bullish trend for Bitcoin, Ethereum, and Dogecoin. Amazon.com is predicted to have over 35% upside according to an analyst with an 83% accuracy rate. Stocks of Danaher and Brooge Energy are moving lower in pre-market trading. Tesla's Elon Musk denies making $8.6M every hour and disputes reports of Tesla's stock drops. Microsoft's Satya Nadella is set to testify in Google's antitrust trial.

Portfolio Pulse from Akanksha Bakshi

October 02, 2023 | 3:53 pm

EFXT

Enerflex has announced a CFO transition, which has led to a decrease in the company's share price.

Portfolio Pulse from Bill Haddad

October 02, 2023 | 3:49 pm

ATHE

Alterity Therapeutics Ltd has filed for a mixed shelf of up to $50 million, according to a SEC filing.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 3:48 pm

PANW

Unusual options activity has been observed for Palo Alto Networks (NASDAQ:PANW), with a bearish stance taken by a large investor. The overall sentiment of these big-money traders is 20% bullish and 80% bearish. The whales have been targeting a price range from $135.0 to $310.0 for Palo Alto Networks over the last 3 months. HSBC has downgraded its action to Hold with a price target of $242, while Citigroup and BTIG maintain their Buy rating with price targets of $285 and $292 respectively.

Portfolio Pulse from Benzinga Insights

October 02, 2023 | 3:45 pm

BKNG

A whale investor has taken a bullish stance on Booking Holdings (NASDAQ:BKNG), with 58% of investors opening trades with bullish expectations and 41% with bearish. Whales have been targeting a price range from $1600.0 to $3800.0 for Booking Holdings over the last 3 months. DA Davidson maintains a Neutral rating on Booking Holdings with a price target of $3400, while Argus Research downgraded its action to Buy with a price target of $3677.

Portfolio Pulse from Benzinga Insights

October 02, 2023 | 3:45 pm

MU

Unusual options activity has been observed for Micron Technology (NASDAQ:MU), with a large position indicating a bullish stance. The options scanner at Benzinga spotted 23 uncommon trades, split between 56% bullish and 43% bearish. The trades included 9 puts amounting to $532,595 and 14 calls amounting to $807,778. The targeted price range for Micron Technology over the last 3 months is from $65.0 to $72.5. Analysts have mixed ratings on the company, with price targets ranging from $58 to $90.

Portfolio Pulse from Benzinga Insights

October 02, 2023 | 3:31 pm

WMT

Walmart Inc (NYSE:WMT) has seen a 183% increase in value since November 2015, outperforming the S&P 500 with a 12% increase for the year. The stock price faced resistance at the $100 and $150 levels but has shown resilience and strength. The closing price in September was $159.93, down by 1.58%.

Portfolio Pulse from Zaheer Anwari

October 02, 2023 | 3:13 pm

LAD

Lithia & Driveway (NYSE:LAD) has revised its agreement with Pendragon plc to acquire Pendragon's UK motor division and vehicle management division. The total cash consideration has been increased by 42% to £397 million. The deal also includes a strategic partnership with Pinewood Technologies and a North American joint venture. Lithia has obtained preliminary commitments from major automotive retailers to adopt the Pinewood dealer management systems. The acquisition will be financed using Lithia's existing on-balance sheet capacity.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 3:09 pm