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Equity Actions

BURL

CMG

CVNA

LULU

MCD

SBUX

TSLA

ULTA

The article reports on the options activity of 10 consumer discretionary stocks in today's session. The stocks include Tesla (TSLA), Foot Locker (FL), Burlington Stores (BURL), Ulta Beauty (ULTA), Carvana (CVNA), McDonald's (MCD), Chipotle Mexican Grill (CMG), RH (RH), Starbucks (SBUX), and Lululemon Athletica (LULU). The article provides detailed information about the type of options activity (put/call), trade type, sentiment, expiration date, strike price, total trade price, open interest, and volume for each stock.

Portfolio Pulse from Benzinga Insights

August 23, 2023 | 5:35 pm

DHI

A significant investor has taken a bearish stance on D.R. Horton (NYSE:DHI), with 75% of recent trades being bearish. The targeted price range for D.R. Horton over the last 3 months is $70.0 to $125.0. The current price of DHI is up 0.88% at $118.16. Keefe, Bruyette & Woods maintains a Market Perform rating on D.R. Horton, with a price target of $142.

Portfolio Pulse from Benzinga Insights

August 23, 2023 | 5:19 pm

HUM

Steve Weiss, a frequent guest on CNBC, announced that he has sold his shares in Humana (HUM).

Portfolio Pulse from Happy Mohamed

August 23, 2023 | 4:44 pm

DBGI

Digital Brands Group, Inc. (NASDAQ:DBGI) shares have been volatile with heavy trading volume, leading to multiple trading halts. The company recently executed a 1-for-25 reverse stock split. DBGI's Q2 financial reports showed earnings of 38 cents per share and revenue of $4.5 million, a 69.6% increase. The company expects Q3 and Q4 revenues to be significantly higher. Despite this, DBGI shares are down by more than 3%.

Portfolio Pulse from Erica Kollmann

August 23, 2023 | 4:43 pm

DKS

Steve Weiss, a regular CNBC contributor, announced live on the network that he has purchased more shares of Dick's Sporting Goods.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 4:20 pm

TCNNF

The small town of Hancock, Maryland, which holds a 4.99% equity stake in Trulieve Cannabis' local operation, is seeking its fair share of the company's profits. The town entered the cannabis industry in 2015 through a deal with Harvest Inc., which was later acquired by Trulieve. The town now wants a full accounting of Trulieve's profits, including from recreational marijuana sales. A mediation session between Trulieve and Hancock is scheduled for August 30.

Portfolio Pulse from Jelena Martinovic

August 23, 2023 | 4:14 pm

NVDA

PLTR

Shares of Palantir Technologies Inc. (NYSE:PLTR) are trading higher, up over 3% on the day and nearly 30% over the last three months. This comes despite the company's shares trending downward since the release of its Q2 financial report earlier this month, which met analysts' expectations and announced a $1 billion share buyback program. Meanwhile, Nvidia Corporation (NASDAQ:NVDA) is set to release its Q2 financial reports today, with anticipation of a strong report that could move the entire tech sector higher.

Portfolio Pulse from Erica Kollmann

August 23, 2023 | 4:09 pm

RCL

A whale investor has taken a bullish stance on Royal Caribbean Gr (NYSE:RCL), with 52% of investors opening trades with bullish expectations and 47% with bearish. The whale has been targeting a price range from $50.0 to $105.0 for RCL over the last 3 months. The price of RCL is up 3.49% at $102.83. Barclays, Morgan Stanley, Susquehanna, and Wells Fargo have maintained their ratings on RCL with price targets of $132, $100, $127, and $127 respectively.

Portfolio Pulse from Benzinga Insights

August 23, 2023 | 3:48 pm

JNJ

A significant bearish stance has been taken on Johnson & Johnson (NYSE:JNJ) by a large investor or institution, as indicated by unusual options trading activity. The overall sentiment of these big-money traders is split between 33% bullish and 66% bearish. The whales have been targeting a price range from $135.0 to $210.0 for Johnson & Johnson over the last 3 months. The current price of JNJ is down -0.8% at $164.7. Analysts have mixed ratings on the stock, with price targets ranging from $170 to $215.

Portfolio Pulse from Benzinga Insights

August 23, 2023 | 3:32 pm

MRK

Unusual options activity has been observed for Merck & Co (NYSE:MRK), with a large bearish position appearing on publicly available options history. The overall sentiment of these big-money traders is split between 41% bullish and 58% bearish. The price range targeted by these traders over the last 3 months is from $92.5 to $125.0. Cantor Fitzgerald has downgraded its action to Overweight with a price target of $135, while Morgan Stanley and Truist Securities have maintained their ratings with price targets of $116 and $122 respectively.

Portfolio Pulse from Benzinga Insights

August 23, 2023 | 3:32 pm