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Equity Actions

ABNB

A significant bearish stance on Airbnb (NASDAQ:ABNB) has been observed in the options market. The sentiment among big-money traders is split between 30% bullish and 69% bearish. The whales have been targeting a price range from $135.0 to $157.5 for Airbnb over the last 3 months. The price of ABNB is up 1.24% at $149.44. Various experts have maintained their ratings on Airbnb with price targets ranging from $100 to $168.

Portfolio Pulse from Benzinga Insights

July 25, 2023 | 3:31 pm

AAPL

DIA

GM

The Dow Jones Industrial Average has seen a significant rise in July, largely due to a rush to buy lagging stocks. This trend is not typically sustainable. The 'magnificent seven' stocks, including Apple, Amazon, Alphabet, Meta Platforms, Microsoft, NVIDIA, and Tesla, are showing strength. General Motors and General Electric have raised their profit targets and Q2 earnings have beaten consensus. Sherwin-Williams reported strong earnings due to high demand for paint. Chinese market rally and potential stimulus are positively impacting the U.S. market. Investors are awaiting earnings from Microsoft and Alphabet.

Portfolio Pulse from The Arora Report

July 25, 2023 | 3:11 pm

DHI

A significant bearish stance has been taken on D.R. Horton (NYSE:DHI) by a large investor, as indicated by a large position in the company's publicly available options history. The sentiment among these big-money traders is split, with 38% bullish and 61% bearish. Whales have been targeting a price range from $123.0 to $135.0 for D.R. Horton over the last 3 months. Several financial institutions have maintained their positive ratings on D.R. Horton, with price targets ranging from $140 to $164.

Portfolio Pulse from Benzinga Insights

July 25, 2023 | 3:03 pm

ABVC

ABVC Biopharma Inc announced a 1-for-10 reverse stock split to regain compliance with Nasdaq's listing rules. The split aims to decrease outstanding shares, increase the market price and attract a broader investor base. The company's shares are trading higher by 3.21% to $4.03 after the announcement.

Portfolio Pulse from Henry Khederian

July 25, 2023 | 2:50 pm

ELWS

Earlyworks ADS started trading at $3.70, significantly below its IPO price of $5 per ADS.

Portfolio Pulse from Happy Mohamed

July 25, 2023 | 2:49 pm

NXPI

NXP Semiconductors N.V. (NASDAQ:NXPI) shares are trading higher after the company reported better-than-expected Q2 financial results. The company's Q2 revenue of $3.3 billion and Q3 EPS of $3.43 both beat estimates. NXP also repurchased $302 million worth of its common stock during the quarter. The company expects Q3 revenue to be between $3.3 billion and $3.5 billion, and earnings to be between $3.39 and $3.82 per share.

Portfolio Pulse from Adam Eckert

July 25, 2023 | 2:48 pm

KVACU

Keen Vision Acquisition Corp's units have opened for trade, with the initial public offering (IPO) priced at $10 per unit.

Portfolio Pulse from Happy Mohamed

July 25, 2023 | 2:46 pm

AAPL

SPKY

UVXY

Apple Inc. (AAPL) opened slightly higher as the Federal Reserve's two-day meeting begins, with a decision on interest rates expected on Wednesday. Trading volume is expected to diminish ahead of the decision but surge afterwards. Movements in Apple's stock, the largest holding within the S&P 500, can significantly impact the index. The ConvexityShares Daily 1.5x SPIKES Futures ETF (SPKY) and the ProShares Ultra VIX Short Term Futures ETF (UVXY) are options for traders wishing to trade the potential volatility.

Portfolio Pulse from Melanie Schaffer

July 25, 2023 | 2:31 pm

VRTX

Vertex Pharmaceuticals Inc.'s stock price is currently at $355.94, after a 0.31% drop. However, the company's stock has increased by 2.54% over the past month and by 24.03% over the past year. The company's P/E ratio is lower than the aggregate P/E of the Biotechnology industry, which could indicate that the stock is undervalued or that shareholders do not expect future growth.

Portfolio Pulse from Benzinga Insights

July 25, 2023 | 2:30 pm

STBA

S&T Bancorp, Inc. (NASDAQ:STBA) has announced that Michael Golden will join the company as executive vice president and chief operating officer, effective July 24, 2023. Golden, who has spent most of his 26-year career in the banking industry, will oversee the functional activities in support of the Bank's strategic objectives. He previously served as head of digital and business technology at PNC Bank.

Portfolio Pulse from Happy Mohamed

July 25, 2023 | 2:29 pm