Streetbeat News

Equity Actions

UNH

A significant bullish stance has been taken on UnitedHealth Group (NYSE:UNH) as indicated by 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 $300.0 to $540.0 for UnitedHealth Group over the last 3 months. Stephens & Co. has downgraded its action to Overweight with a price target of $560.

Portfolio Pulse from Benzinga Insights

August 29, 2023 | 6:16 pm

UBER

A significant bearish stance has been taken on Uber Technologies (NYSE:UBER) by a large investor or institution, as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 36% bullish and 63% bearish. Whales have been targeting a price range from $40.0 to $60.0 for Uber over the last 3 months. RBC Capital, Truist Securities, and Bernstein have maintained their positive ratings on Uber, while Morgan Stanley and DA Davidson have downgraded their actions.

Portfolio Pulse from Benzinga Insights

August 29, 2023 | 6:16 pm

SPOT

A significant amount of unusual options activity has been detected for Spotify Technology (NYSE:SPOT), with a mix of bullish and bearish stances. Of the 17 strange trades detected, 47% were bullish and 52% were bearish. The trades included 4 puts totaling $231,370 and 13 calls totaling $1,042,900. Whales have been targeting a price range from $135.0 to $165.0 for Spotify over the last 3 months. Morgan Stanley has downgraded its action to Overweight with a price target of $185.

Portfolio Pulse from Benzinga Insights

August 29, 2023 | 6:01 pm

NEE

NEP

Raymond James analyst Pavel Molchanov has upgraded NextEra Energy Partners LP (NEP) to Outperform from Market Perform, with a price target of $60. The analyst is bullish on NEP's blue-chip status and favorable cost of capital. He also believes that NEP's consolidation into parent company NextEra Energy Inc (NEE) could boost its share price.

Portfolio Pulse from Lekha Gupta

August 29, 2023 | 5:51 pm

T

TMUS

VZ

Citigroup analyst Michael Rollins upgraded Verizon Communications Inc (VZ) and AT&T Inc (T) from Neutral to Buy, raising the price target for VZ from $39 to $40 and setting a $17 price target for T. Rollins sees a more constructive investment case for large-cap Telcos and anticipates positive catalysts such as updates on lead exposure and evidence of a stabilizing wireless competitive landscape. He still prefers T-Mobile US, Inc (TMUS) as his top-ranked pick.

Portfolio Pulse from Anusuya Lahiri

August 29, 2023 | 5:50 pm

RCL

Unusual options activity has been observed for Royal Caribbean Gr (NYSE:RCL), with a large position indicating a bullish stance. The overall sentiment of these big-money traders is split between 64% bullish and 35% bearish. The price of RCL is up 2.25% at $100.53. Morgan Stanley has maintained their Equal-Weight rating on Royal Caribbean Gr, with a price target of $100.

Portfolio Pulse from Benzinga Insights

August 29, 2023 | 5:45 pm

NOK

Nokia Inc.'s (NYSE:NOK) stock price is currently at $3.94, after a 2.21% increase. However, the stock has fallen by 0.38% over the past month and by 22.08% over the past year. Nokia's P/E ratio is lower than the aggregate P/E of the Communications Equipment industry, which could indicate that the stock is undervalued.

Portfolio Pulse from Benzinga Insights

August 29, 2023 | 5:30 pm

APLS

BEAM

Apellis Pharmaceuticals Inc has announced a corporate restructuring plan to catalyze the growth of its flagship products, Syfovre and Empaveli. The company will focus on treating rare kidney disorders and will not initiate new clinical development programs with systemic pegcetacoplan. Research will be focused on retinal and central nervous system diseases. The restructuring includes a reduction of around 225 employees, expected to conclude in Q3 2023, and is projected to save up to $300 million through 2024. Apellis' shares are down 4.65%.

Portfolio Pulse from Vandana Singh

August 29, 2023 | 5:27 pm

JXN

Jackson Financial's shares are trading higher following the announcement that the company will be included in the S&P SmallCap 600 index.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2023 | 5:16 pm

MDB

A whale investor has taken a bullish stance on MongoDB (NASDAQ:MDB), with 50% of investors opening trades with bullish expectations and 50% with bearish. The total amount for puts is $661,603 and for calls is $1,500,345. Whales have been targeting a price range from $70.0 to $590.0 for MongoDB over the last 3 months. The price of MDB is up 4.41% at $369.94. Citigroup has maintained their Buy rating on MongoDB, with a price target of $455.

Portfolio Pulse from Benzinga Insights

August 29, 2023 | 5:15 pm