Streetbeat News

Equity Actions

XOM

Morgan Stanley analyst Devin McDermott has reiterated an Overweight rating on Exxon Mobil Corp (XOM) and raised the price target from $124 to $131. The analyst highlighted that about 60% of the earnings improvement has already been delivered, putting XOM slightly ahead of plan. The company's strategic shift towards biofuels and integrated portfolio is paying off, with 12 biofuels opportunities under development offering above 20% returns. XOM's portfolio is now 85% integrated with its chemical facilities, and the company is increasing its sales of performance products.

Portfolio Pulse from Shivani Kumaresan

September 25, 2023 | 6:22 pm

AMSWA

American Software (AMSWA) has adopted Rule 10b5-1 trading plan to facilitate stock buybacks under its existing share repurchase program of 946,321 shares.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2023 | 6:21 pm

LRCX

A significant bearish stance has been taken on Lam Research (NASDAQ:LRCX) by a large investor, as observed in the 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 $300.0 to $700.0 for Lam Research over the last 3 months. Wolfe Research has downgraded its action to Outperform with a price target of $825, while Stifel maintains their Buy rating with a price target of $750.

Portfolio Pulse from Benzinga Insights

September 25, 2023 | 6:17 pm

UNH

A significant bullish stance has been taken on UnitedHealth Group (NYSE:UNH) by a large investor, as indicated by unusual options trading activity. The sentiment among these big-money traders is 60% bullish and 40% bearish. The whales have been targeting a price range from $450.0 to $510.0 for UnitedHealth Group over the last 3 months. HSBC and Cantor Fitzgerald have downgraded their ratings to 'Hold' and 'Overweight' respectively, with price targets of $540 and $591.

Portfolio Pulse from Benzinga Insights

September 25, 2023 | 6:17 pm

INTC

A significant bearish stance on Intel (NASDAQ:INTC) has been observed through unusual options activity. The sentiment among big-money traders is split between 45% bullish and 54% bearish. Whales have been targeting a price range from $25.0 to $42.0 for Intel over the last 3 months. Roth MKM and Rosenblatt have downgraded their actions on Intel to Neutral and Sell respectively, with price targets of $35 and $17.

Portfolio Pulse from Benzinga Insights

September 25, 2023 | 6:17 pm

V

A significant bullish stance on Visa (NYSE:V) has been observed through unusual options activity. The sentiment among these big-money traders is split between 63% bullish and 36% bearish. The whales have been targeting a price range from $200.0 to $275.0 for Visa over the last 3 months. Visa's current price is $233.16, down by 0.82%. Analysts from Baird, Mizuho, and Wedbush have downgraded their actions on Visa with price targets of $284, $255, and $270 respectively.

Portfolio Pulse from Benzinga Insights

September 25, 2023 | 6:01 pm

ETHUSD

On Sunday, 1,610.23 Ether (ETH) worth $2,565,111 was burned from Ethereum transactions. This follows the Ethereum blockchain's upgrade known as EIP-1159, which changed the fee model and burns a base fee from each transaction. Ethereum is currently issuing new Ether at a rate of 4% per year, expected to decrease to around 0.5-1% with the Ethereum 2.0 upgrade. The net annualized issuance rate for Ether yesterday was 1.24%.

Portfolio Pulse from Benzinga Insights

September 25, 2023 | 6:00 pm

BBY

CVNA

CZR

DRI

GM

GME

RIVN

RRGB

TOL

TSLA

Benzinga's options activity scanner has detected significant options activity in the Consumer Discretionary sector. Notable trades include bearish put options for TSLA, CVNA, DRI, and TOL, bearish call options for GME and CZR, and bullish put options for GM and RIVN. Bullish call options were also observed for BBY and RRGB.

Portfolio Pulse from Benzinga Insights

September 25, 2023 | 5:35 pm

LLY

A significant amount of unusual options activity has been observed for Eli Lilly (NYSE:LLY), with a bullish stance taken by a majority of investors. The trades range from $250.0 to $600.0, with 52% of investors opening trades with bullish expectations and 47% with bearish. The price of LLY is currently down -0.08% at $550.09. Analysts from Cantor Fitzgerald, Argus Research, and Morgan Stanley have given price targets of $630, $620, and $640 respectively.

Portfolio Pulse from Benzinga Insights

September 25, 2023 | 5:31 pm

BX

A significant investor has taken a bearish stance on Blackstone (NYSE:BX), with 80% of recent trades being bearish. The whales have been targeting a price range from $110.0 to $115.0 for Blackstone over the last 3 months. The price of BX is currently down -0.71% at $110.39. Morgan Stanley has downgraded its action to Overweight with a price target of $125.

Portfolio Pulse from Benzinga Insights

September 25, 2023 | 5:18 pm