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Equity Actions

CMG

A significant amount of unusual options activity has been detected for Chipotle Mexican Grill (NYSE:CMG), with a bearish stance being taken by a majority of investors. Of the 11 strange trades detected, 45% were bullish and 54% were bearish. The total amount for puts was $365,090 and for calls was $292,422. The price range targeted by whales over the last 3 months is from $1020.0 to $2080.0. The current price of CMG is up 1.22% at $1869.04. Analysts from various firms have maintained their ratings on CMG, with price targets ranging from $1950 to $2300.

Portfolio Pulse from Benzinga Insights

August 14, 2023 | 3:01 pm

SPGC

Sacks Parente Golf, Inc. (NASDAQ:SPGC) is set to start trading on the NASDAQ exchange under the ticker SPGC on August 15. The company is offering shares at an expected price between $4.00 and $5.00 per share with an insider lock-up period of 180 days ending on February 11, 2024.

Portfolio Pulse from Benzinga Insights

August 14, 2023 | 3:00 pm

ELEP

Elephant Oil Corp (NASDAQ:ELEP) is set to IPO on August 15, with shares expected to be priced between $4.00 and $5.00. The company, which focuses on oil and gas exploration in under-explored regions in Africa, has an insider lock-up period of 180 days ending on February 11, 2024.

Portfolio Pulse from Benzinga Insights

August 14, 2023 | 3:00 pm

APRN

AURC

GETY

LUNR

YELL

Potential short squeeze plays have gained attention in 2021 and 2022. High short interest and steep borrowing costs could lead to a short squeeze. Top five short squeeze candidates include Blue Apron Holdings Inc (APRN), Intuitive Machines (LUNR), Aurora Acquisition Corp (AURC), Yellow Corporation (YELL), and Getty Images Holdings (GETY). Other stocks to watch include Bullfrog AI Holdings (BFRG), ATI Physical Therapy (ATIP), Nuvectis Pharma (NVCT), TradeUP Acquisition Corp (UPTD), and Reto Eco-Solutions (RETO).

Portfolio Pulse from Chris Katje

August 14, 2023 | 2:49 pm

JNJ

A significant amount of unusual options activity has been observed for Johnson & Johnson (NYSE:JNJ), with a bullish stance taken by a majority of investors. The trades range from $100.0 to $220.0, with 10 puts and 7 calls. The current price of JNJ is $174.67, up 0.47%. Analysts from Barclays, Raymond James, Credit Suisse, Cantor Fitzgerald, and Atlantic Equities have maintained their ratings, with price targets ranging from $170 to $215.

Portfolio Pulse from Benzinga Insights

August 14, 2023 | 2:46 pm

UPS

A significant amount of unusual options activity has been observed for United Parcel Service (UPS), with a majority of investors taking a bearish stance. The price range targeted by these investors over the last three months is between $167.5 and $210.0. The current price of UPS is down by 0.83% at $175.15. Several financial institutions have downgraded their ratings for UPS, with price targets ranging from $185 to $195.

Portfolio Pulse from Benzinga Insights

August 14, 2023 | 2:46 pm

AAPL

AMZN

GOOG

META

MSFT

NVDA

QQQ

SPY

TSLA

Market makers have hedged for the first time in 2023, which is a significant development as it indicates that some of the fuel that led to the stock market rise this year is now spent. The news of Chinese regulator setting up a task force due to Zhongzhi Enterprise's inability to make payments on high yield investment trusts and Country Garden's difficulty in making payments on some of its bonds led to aggressive buying of U.S. stock futures by the momo crowd. However, smart money took advantage of this strength and started selling. Negative money flows were observed in Amazon, NVIDIA, Microsoft, Alphabet, Meta Platforms, Tesla, and Apple in the early trade, while mixed money flows were seen in SPDR S&P 500 ETF Trust and Invesco QQQ Trust Series 1.

Portfolio Pulse from The Arora Report

August 14, 2023 | 2:29 pm

A Ford executive has stated that the auto industry will undergo more changes in the next five years than it has in the past several decades.

Portfolio Pulse from Happy Mohamed

August 14, 2023 | 2:25 pm

IMPP

Imperial Petroleum Inc's (NASDAQ:IMPP) shares are trading lower by 4.0% to $1.56 after the company announced the pricing of approximately $17 million of its units in a registered direct offering at a price of $2 per unit. The stock is lower by 40% since Friday's open. The company also reported Q2 earnings of $1.46 per share and $59.04 million in sales, a 420% increase over the same period last year.

Portfolio Pulse from Henry Khederian

August 14, 2023 | 2:15 pm

SBEV

Splash Beverage Group has secured a $10 million operating capital credit facility and raised an additional $2.7 million with legacy investors. The company has also retired its S-3 public shelf offering.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2023 | 1:54 pm