Streetbeat News

Equity Actions

A significant amount of unusual options activity has been observed for Blackstone (NYSE:BX), with a majority of investors taking a bearish stance. The targeted price range for Blackstone over the last 3 months has been between $70.0 and $200.0. The current price of BX is up 1.54% at $114.41, with RSI indicators suggesting the stock may be overbought. Morgan Stanley has downgraded its action to Overweight with a price target of $125.

Portfolio Pulse from Benzinga Insights

September 11, 2023 | 5:46 pm

CGC

Shares of Canopy Growth are trading higher after the company's presentation at the Morgan Stanley 21st Annual Global Healthcare Conference 2023.

Portfolio Pulse from Bill Haddad

September 11, 2023 | 5:43 pm

CHWY

DKNG

LULU

PLAY

RIVN

ROST

TSLA

ULTA

VFC

XPEV

Benzinga's options activity scanner has identified significant options activity in the Consumer Discretionary sector. Notable trades include bullish call options for TSLA, RIVN, CHWY, ROST, LULU, and ULTA, bearish call options for VFC, bearish put options for PLAY and XPEV, and neutral put options for DKNG.

Portfolio Pulse from Benzinga Insights

September 11, 2023 | 5:35 pm

AAPL

AMD

AVGO

CRWD

MARA

MSFT

NVDA

ORCL

PLTR

QCOM

The article reports on the options activity of 10 Information Technology stocks in today's session. The stocks include AAPL, NVDA, ORCL, MSFT, MARA, PLTR, AVGO, AMD, QCOM, and CRWD. The sentiment for these stocks ranges from neutral to bullish or bearish, with varying expiration dates and strike prices.

Portfolio Pulse from Benzinga Insights

September 11, 2023 | 5:35 pm

CMG

A significant amount of unusual options activity has been observed for Chipotle Mexican Grill (NYSE:CMG), with a bearish stance taken by a whale investor. Of the 21 strange trades detected, 47% were bullish and 52% were bearish. The total amount for puts was $1,099,330 and for calls was $429,492. The targeted price range for the last 3 months was from $1040.0 to $2320.0. The current price of CMG is down -0.19% at $1941.4. Wedbush has downgraded its action to Outperform with a price target of $2200.

Portfolio Pulse from Benzinga Insights

September 11, 2023 | 5:31 pm

JPM

SPY

JP Morgan's CEO has expressed a more cautious outlook on the economic environment than others. He also suggested that the lower level of stock buybacks could continue until the end of 2024.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2023 | 5:28 pm

KKR

KKR & Co Inc has increased its stake in Reliance Retail Ventures Limited (RRVL), a subsidiary of Reliance Industries, through an investment of 2,069.50 crore rupees. This investment raises KKR's stake to 1.42% from 1.17%. KKR also disclosed a new equity investment of over $1 billion in USI Insurance Services. Last month, KKR reported Q2 revenues of $3.63 billion, significantly higher than the previous year. KKR shares are currently trading higher by 0.76% at $63.30.

Portfolio Pulse from Lekha Gupta

September 11, 2023 | 5:19 pm

CING

Cingulate Inc (NASDAQ: CING) has priced its $4-million public offering at around 58 cents per share, which includes 6.93 million shares and Series A and Series B warrants. The company also announced full results from the Phase 3 adult efficacy and safety study of its lead candidate, CTx-1301 (dexmethylphenidate), for ADHD. The data did not achieve statistical significance on the primary efficacy endpoint but showed a trend toward significance in improving PERMP scores. Cingulate shares were down 5.14% at 55 cents midday Monday.

Portfolio Pulse from Vandana Singh

September 11, 2023 | 5:17 pm

JPM

JPMorgan Chase CEO Jamie Dimon spoke at an investor conference, stating that the U.S. consumer is 'pretty good'.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2023 | 5:05 pm

CNBS

TRSSF

Jason Wild, executive chairman of TerrAscend Corp (OTC:TRSSF), stated that the cannabis industry is in a major storm due to challenges in the capital markets. However, he also pointed out that firms that have managed to maintain a positive cash flow after taxes are in a good position. Tim Seymour, founder of Seymour Asset Management and portfolio manager of Amplify Seymour Cannabis ETF (NYSE:CNBS), agreed with Wild's sentiments on borrowing in the current environment.

Portfolio Pulse from Joana Scopel

September 11, 2023 | 5:05 pm