Streetbeat News

Equity Actions

HES

A whale investor has taken a bullish stance on Hess (NYSE:HES), with 54% of investors opening trades with bullish expectations and 45% with bearish. The whale has been targeting a price range from $140.0 to $230.0 for Hess over the last 3 months. The price of HES is currently down -0.37% at $157.1. Citigroup, Susquehanna, Raymond James, and Morgan Stanley have maintained their ratings on Hess with price targets of $155, $183, $166, and $154 respectively.

Portfolio Pulse from Benzinga Insights

August 14, 2023 | 6:16 pm

AAPL

MSFT

OIH

XOP

The article discusses the ongoing 'Great Rotation of 2023', where mega cap stocks like Microsoft and Apple, which drove the market higher in the first seven months of the year, are now underperforming. Sectors like Financials and Energy are seeing improved relative strength. The Nasdaq 100, Microsoft, and Apple have all closed below their 50-day moving average, indicating a shift in market leadership towards sectors like Energy. The article also highlights two ETFs, the S&P SPDR Oil & Gas Exploration and Production ETF (XOP) and the Oil Services ETF (OIH), which are making new relative highs.

Portfolio Pulse from David Keller

August 14, 2023 | 6:08 pm

PBR

A significant amount of unusual options activity has been observed for Petrobras Brasileiro (NYSE:PBR), with a majority of investors taking a bullish stance. Whales have been targeting a price range from $12.0 to $16.0 for Petrobras Brasileiro over the last 3 months. The current price of PBR is down -0.88% at $13.51. Citigroup, Bradesco Corretora, and HSBC have all given neutral to bearish ratings with price targets of $14, $10, and $13 respectively.

Portfolio Pulse from Benzinga Insights

August 14, 2023 | 6:01 pm

ETHUSD

On Sunday, 3,037.77 Ether (ETH) worth $5,610,146 was burned from Ethereum transactions. This follows the Ethereum blockchain's upgrade known as EIP-1159, which changed the fee model and includes a variable base fee that is burned, lowering the supply of Ether. Ethereum is currently issuing new Ether at a rate of 4% per year, expected to decrease to around 0.5-1% with the Ethereum 2.0 upgrade. The net annualized issuance rate for Ether yesterday was -1.54%.

Portfolio Pulse from Benzinga Insights

August 14, 2023 | 6:00 pm

REGN

A significant investor has taken a bearish stance on Regeneron Pharmaceuticals (NASDAQ:REGN), with 90% of recent trades reflecting bearish expectations. The targeted price range for Regeneron over the last 3 months is $700.0 to $900.0. Despite this, several financial institutions including Guggenheim, Oppenheimer, RBC Capital, Barclays, and Morgan Stanley have maintained positive ratings on Regeneron, with price targets ranging from $820 to $950.

Portfolio Pulse from Benzinga Insights

August 14, 2023 | 5:46 pm

OLLI

Investor Business Daily SwingTrader has reportedly purchased stock in Ollie's Bargain Outlet (OLLI).

Portfolio Pulse from Happy Mohamed

August 14, 2023 | 5:13 pm

MANU

Manchester United's owners have announced a sale worth £7.3 billion, leading to a rise in the trading of the club's shares.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2023 | 5:06 pm

LOW

A significant bullish stance has been taken on Lowe's Companies (NYSE:LOW) by an unknown entity, possibly an institution or a wealthy individual. The sentiment among big-money traders is split 50-50 between bullish and bearish. The price target for Lowe's Companies over the last three months has been between $220.0 and $225.0. Telsey Advisory Group downgraded its action to Market Perform with a price target of $225, while Citigroup maintained their Neutral rating with a price target of $250. Oppenheimer downgraded its action to Outperform with a price target of $275.

Portfolio Pulse from Benzinga Insights

August 14, 2023 | 5:01 pm

ACAX

Alset Capital Acquisition Corp. (NASDAQ:ACAX) has provided an update regarding stockholder redemptions. The company will be accepting requests by any public stockholder who submitted a request to redeem their Class A common stock prior to the deadline of July 28, 2023 to withdraw such previously submitted redemption requests until 5:00 p.m. Eastern Time on Wednesday, August 23, 2023.

Portfolio Pulse from Happy Mohamed

August 14, 2023 | 5:01 pm

LVO

PODC

LiveOne (NASDAQ:LVO) announced that its subsidiary, Courtside Group, Inc. (dba PodcastOne), has been approved for listing on Nasdaq under the trading symbol 'PODC'. LiveOne's senior management will host a webcast on August 17, 2023, to provide details on business developments and the planned spinout of PodcastOne.

Portfolio Pulse from Happy Mohamed

August 14, 2023 | 5:00 pm