Streetbeat News

Equity Actions

NFLX

A significant amount of unusual options activity has been observed for Netflix (NASDAQ:NFLX), with a majority of investors taking a bearish stance. The price range targeted by these investors over the last three months is between $200 and $590. The current price of NFLX is $443.11, down by 0.01%. Truist Securities maintains a Hold rating on Netflix with a price target of $485, while Oppenheimer and Loop Capital have price targets of $515 and $500 respectively.

Portfolio Pulse from Benzinga Insights

September 08, 2023 | 7:01 pm

ARQQ

BIOC

GROM

KR

LTRX

RENT

SWBI

U.S. stocks traded mostly higher with the Nasdaq Composite edging higher. Energy shares jumped by 1.4% while real estate shares fell by 0.7%. The Kroger Co. reported better-than-expected quarterly earnings and reached an opioid settlement agreement. Biocept, Inc., Smith & Wesson Brands, Inc., and Lantronix, Inc. saw their shares rise after positive news. Grom Social Enterprises, Inc., Rent the Runway, Inc., and Arqit Quantum Inc. saw their shares drop after negative news.

Portfolio Pulse from Lisa Levin

September 08, 2023 | 6:57 pm

ZVSA

HC Wainwright initiated coverage on ZyVersa Therapeutics Inc (NASDAQ:ZVSA) with a Buy Rating and a price target of $2.50. Despite the stock's steady decline since its IPO, the analyst believes ZyVersa has the potential to build significant stockholder value. The company's initial VAR 200 data in diabetic kidney disease patients in 2Q24 is eagerly anticipated and expected to validate the asset and potentially improve both investor sentiment and ZVSA shares.

Portfolio Pulse from Vandana Singh

September 08, 2023 | 6:52 pm

DE

A large bearish position has been taken on Deere (NYSE:DE), with 29 uncommon options trades spotted, the majority of which are puts. The sentiment of these big-money traders is split between 41% bullish and 58% bearish. The price of DE is currently down -2.75% at $400.4. Analysts from Oppenheimer, Deutsche Bank, JP Morgan, Stifel, and Credit Suisse have maintained their ratings on Deere, with price targets ranging from $380 to $551.

Portfolio Pulse from Benzinga Insights

September 08, 2023 | 6:45 pm

IDEX

Ideanomics Inc's (NASDAQ:IDEX) shares have fallen by 9.7% to $2.10 following the company's recent 1-for-125 reverse stock split. The split was initiated to meet the minimum bid price requirement of $1.00 for maintaining listing on The Nasdaq Capital Market. Over the past month, Ideanomics shares have decreased by approximately 74%.

Portfolio Pulse from Henry Khederian

September 08, 2023 | 6:45 pm

TSLA

Tesla is preparing a large shipment of its Model 3 Highland vehicles for export to Europe from its Gigafactory Shanghai plant, according to a Teslarati report.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 6:35 pm

MU

A whale investor has taken a bullish stance on Micron Technology (NASDAQ:MU), with 63% of investors opening trades with bullish expectations and 36% with bearish. The whale has been targeting a price range from $65.0 to $80.0 for Micron Technology over the last 3 months. The price of MU is up 0.34% at $70.11. Citigroup has maintained their Buy rating on Micron Technology, with a price target of $85.

Portfolio Pulse from Benzinga Insights

September 08, 2023 | 6:15 pm

BABA

Alibaba Group Holding Ltd (NYSE:BABA) has delayed the potential Hong Kong IPO of its Freshippo grocery chain due to subdued investor sentiment in the consumer stocks sector. The company has revised its valuation expectations for Freshippo to approximately $4 billion, down from its earlier estimates of $6 billion - $10 billion. The delay could cause Alibaba to miss its target of launching Freshippo's IPO by May 2024.

Portfolio Pulse from Anusuya Lahiri

September 08, 2023 | 6:11 pm

TMUS

Analysts from Raymond James and Citi have maintained their buy ratings on T-Mobile US (NASDAQ:TMUS) but adjusted their price targets due to changes in the company's shareholder return plans. T-Mobile's $60 billion total shareholder return will come later than expected, in early 2026 instead of by year-end 2025. The company plans to return $19 billion between 4Q23 and year-end 2024, which is less than previously modeled. The return will now include a nearly 2% dividend yield.

Portfolio Pulse from Anusuya Lahiri

September 08, 2023 | 6:06 pm

VALE

A significant bearish stance has been taken on Vale (NYSE:VALE) with 70% of investors opening trades with bearish expectations. Of the total trades, 17 are puts amounting to $747,785 and 3 are calls amounting to $99,875. Whales have been targeting a price range from $12.0 to $20.0 for Vale over the last 3 months. The price of VALE is up 1.21% at $13.34. JP Morgan upgraded its action to Overweight with a price target of $16.

Portfolio Pulse from Benzinga Insights

September 08, 2023 | 5:45 pm