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Equity Actions

ARNC

Arconic Corporation (NYSE: ARNC) has announced that Chris Ayers will become its CEO and Chair of the Board, effective from September 11, 2023. Ayers has served on Arconic's Board of Directors for seven years and held several executive positions in Alcoa, the company's predecessor. Current CEO Tim Myers will continue to serve in an advisory capacity as Arconic's Lead Outside Director of the Board.

Portfolio Pulse from Happy Mohamed

August 25, 2023 | 8:00 pm

VZ

A whale investor has taken a bullish stance on Verizon Communications (NYSE:VZ), with 50% of investors opening trades with bullish expectations and 50% with bearish. The whale has been targeting a price range from $20.0 to $35.0 for Verizon over the last 3 months. The price of VZ is currently down -0.06% at $33.36. Citigroup has maintained their Neutral rating on Verizon, while Oppenheimer and Morgan Stanley have downgraded their actions to Outperform and Overweight respectively.

Portfolio Pulse from Benzinga Insights

August 25, 2023 | 7:45 pm

ABNB

A significant bullish stance has been taken on Airbnb (NASDAQ:ABNB) by a large investor or institution, as indicated by unusual options activity. The sentiment among these big-money traders is split between 58% bullish and 41% bearish. Whales have been targeting a price range from $100.0 to $140.0 for Airbnb over the last 3 months. The price of ABNB is up 1.11% at $126.11. Several financial institutions have maintained their ratings on Airbnb, with price targets ranging from $114 to $185.

Portfolio Pulse from Benzinga Insights

August 25, 2023 | 7:30 pm

BCTX

BriaCell Therapeutics Corp. (NASDAQ:BCTX) has received court approval for a plan of arrangement to spin out certain pipeline assets, including Bria-TILsRx™ and protein kinase C delta (PKCδ) inhibitors, to BriaPro Therapeutics Corp. (SpinCo). The arrangement will result in a 2/3 owned subsidiary of BriaCell, with the remaining 1/3 held by BriaCell shareholders. The arrangement is expected to take place on August 31, 2023. Following the arrangement, BriaCell will remain listed on the NASDAQ and Toronto Stock Exchange, while SpinCo will become an unlisted reporting issuer in Canada.

Portfolio Pulse from Happy Mohamed

August 25, 2023 | 6:57 pm

V

A significant investor has taken a bearish stance on Visa (NYSE:V), with 54% of recent trades being bearish and 45% bullish. The trades range from $95.0 to $335.0 for Visa over the last 3 months. The price of Visa is up 1.52% at $243.1, with RSI indicators suggesting it may be approaching overbought. JP Morgan maintains an Overweight rating on Visa with a price target of $296.

Portfolio Pulse from Benzinga Insights

August 25, 2023 | 6:45 pm

CRWD

A significant number of investors have taken a bearish stance on CrowdStrike Holdings (NASDAQ:CRWD), with 56% of detected trades being bearish. The price range targeted by these investors over the last 3 months is from $100.0 to $160.0. The current price of CRWD is $149.74, up 2.95%. Analysts from Canaccord Genuity and Morgan Stanley maintain a 'Buy' and 'Overweight' rating respectively, while Rosenblatt and Guggenheim have downgraded their actions to 'Buy'.

Portfolio Pulse from Benzinga Insights

August 25, 2023 | 6:45 pm

AMC

AMC shares are trading lower following the implementation of a reverse stock split and the APE conversion.

Portfolio Pulse from Benzinga Newsdesk

August 25, 2023 | 6:43 pm

INTU

A significant bullish stance has been taken on Intuit (NASDAQ:INTU) with 11 uncommon options trades spotted. The sentiment of these big-money traders is split between 54% bullish and 45% bearish. Whales have been targeting a price range from $185.0 to $650.0 for Intuit over the last 3 months. The price of INTU is up 3.02% at $513.57. Several financial institutions have maintained their positive ratings on Intuit with price targets ranging from $528 to $580.

Portfolio Pulse from Benzinga Insights

August 25, 2023 | 6:01 pm

AMZN

GOOG

NVDA

Open-source AI firm Hugging Face, backed by Nvidia Corp, has raised $235 million at a $4.5 billion valuation from major tech companies including Alphabet Inc, Amazon.Com Inc, Salesforce, Inc, Advanced Micro Devices, Inc, Intel Corp, International Business Machines Corp, and Qualcomm Inc. The funds will be used to hire talent to compete in the AI space. The company's valuation and prominent backers reflect the effectiveness of a collaborative approach to AI building.

Portfolio Pulse from Anusuya Lahiri

August 25, 2023 | 5:47 pm

XOM

A significant investor has taken a bearish stance on Exxon Mobil (NYSE:XOM), with 55% of recent trades being bearish and 45% bullish. The total amount for puts is $703,616 and for calls is $1,514,683. Whales have been targeting a price range from $55.0 to $116.0 for Exxon Mobil over the last 3 months. The current price of XOM is up 1.49% at $107.93. Mizuho, UBS, and Morgan Stanley have maintained their Buy and Overweight ratings on Exxon Mobil, with price targets of $131, $139, and $124 respectively.

Portfolio Pulse from Benzinga Insights

August 25, 2023 | 5:46 pm