Streetbeat News

Equity Actions

CSCO

A significant investor has taken a bullish stance on Cisco Systems (NASDAQ:CSCO), with 72% of investors opening trades with bullish expectations and 27% with bearish. The whales have been targeting a price range from $47.5 to $62.5 for Cisco Systems over the last 3 months. The price of CSCO is up 0.19% at $53.89. JP Morgan upgraded its action to Overweight with a price target of $62, while Exane BNP Paribas downgraded its action to Underperform with a price target of $45.

Portfolio Pulse from Benzinga Insights

August 14, 2023 | 4:16 pm

MRVL

A significant bearish stance has been taken on Marvell Tech (NASDAQ:MRVL) by a large investor, as indicated by unusual options trades. The sentiment among these big-money traders is split, with 35% bullish and 64% bearish. The whales have been targeting a price range from $55.0 to $68.0 for Marvell Tech over the last 3 months. The current price of MRVL is up 2.92% at $58.76. Barclays, Wolfe Research, and Stifel have maintained their positive ratings on Marvell Tech with price targets of $75 and $80.

Portfolio Pulse from Benzinga Insights

August 14, 2023 | 4:16 pm

GS

Goldman Sachs CEO David Solomon's leadership style has led to both successes and internal dissent. Despite achieving the highest profits in Goldman's history in 2021, his aggressive expansion into consumer banking and his public persona have attracted criticism. Over 200 partners have exited the firm since Solomon's tenure began. Meanwhile, John Rogers, known as the 'CEO Whisperer' at Goldman Sachs, is stepping down after nearly 30 years, passing his role as chief of staff to Russell Horwitz, a former Goldman executive.

Portfolio Pulse from Michael Cohen

August 14, 2023 | 4:12 pm

VIRI

Virios Therapeutics has announced a halt to at-the-market offering sales, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2023 | 4:05 pm

DASH

A significant amount of unusual options activity has been observed for DoorDash (NYSE:DASH), with a majority of investors taking a bullish stance. Whales have been targeting a price range from $55.0 to $85.0 for DoorDash over the last 3 months. The price of DASH is currently up 0.16% at $79.32. Analysts from B of A Securities, Jefferies, Barclays, and Mizuho have maintained their ratings on DoorDash, with price targets ranging from $65 to $100.

Portfolio Pulse from Benzinga Insights

August 14, 2023 | 4:01 pm

ORCL

A significant bullish stance has been taken on Oracle (NYSE:ORCL) by a large investor, as indicated by a large position in the company's options. The sentiment among these big-money traders is split, with 52% bullish and 47% bearish. The whales have been targeting a price range from $105.0 to $130.0 for Oracle over the last 3 months. Piper Sandler has downgraded its action to Overweight with a price target of $130.

Portfolio Pulse from Benzinga Insights

August 14, 2023 | 4:01 pm

WBD

A significant bullish stance has been taken on Warner Bros. Discovery (NASDAQ:WBD) by a large investor, as indicated by unusual options trading activity. The sentiment among these big-money traders is 76% bullish and 23% bearish. The whales have been targeting a price range from $12.5 to $22.5 for Warner Bros. Discovery over the last 3 months. The current price of WBD is down -1.79% at $13.46. Several financial institutions have given their ratings and price targets for WBD.

Portfolio Pulse from Benzinga Insights

August 14, 2023 | 3:31 pm

LLY

A significant bearish stance has been taken on Eli Lilly (NYSE:LLY) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split, with 48% bullish and 51% bearish. The whales have been targeting a price range from $190.0 to $650.0 for Eli Lilly over the last 3 months. The current price of LLY is up 2.65% at $541.13. Analysts from Goldman Sachs, BMO Capital, Cantor Fitzgerald, Barclays, and Citigroup have maintained their ratings on Eli Lilly, with price targets ranging from $470 to $633.

Portfolio Pulse from Benzinga Insights

August 14, 2023 | 3:31 pm

BABA

Baba Public Investment Fund has increased its share stake in Alibaba Group by 40.7% to 1.5 million sponsored ADSs, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2023 | 3:22 pm

RIVN

TSLA

Rivian Automotive Inc's shares are trading lower after Tesla Inc lowered some Model Y prices in China. Although Rivian does not yet sell in China, Tesla's price reductions might raise concerns about Rivian's market share potential. Investors might also perceive Tesla's actions as a response to economic conditions, leading to concerns about Rivian's growth prospects in a potentially challenging environment.

Portfolio Pulse from Henry Khederian

August 14, 2023 | 3:21 pm