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ETHUSD

On Monday, 4,972.36 Ether (ETH) worth $9,208,865 was burned from Ethereum transactions. This follows the Ethereum blockchain's upgrade known as EIP-1159, which changed the fee model and burns a base fee from each transaction. 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 -5.14%.

Portfolio Pulse from Benzinga Insights

August 08, 2023 | 6:00 pm

AMAT

A significant amount of unusual options activity has been observed for Applied Mat (NASDAQ:AMAT), with a bullish stance taken by a majority of investors. The targeted price range for Applied Mat over the last 3 months is from $80.0 to $165.0. The current price of AMAT is down -2.65% at $146.39. Citigroup, Mizuho, and B of A Securities have all maintained their Buy rating on Applied Mat, with price targets of $170, $152, and $165 respectively.

Portfolio Pulse from Benzinga Insights

August 08, 2023 | 5:15 pm

INVH

CNBC's Josh Brown mentioned Invitation Homes (INVH) in a recent segment, causing a spike in the company's share prices.

Portfolio Pulse from Happy Mohamed

August 08, 2023 | 4:41 pm

SQ

A significant number of investors have taken a bearish stance on Block (NYSE:SQ), with 65% of recent unusual options trades being bearish. The targeted price range for Block over the last 3 months has been $50.0 to $130.0. The stock is currently down -1.85% at $62.83. Several financial institutions have maintained or upgraded their ratings on Block, with price targets ranging from $85 to $95.

Portfolio Pulse from Benzinga Insights

August 08, 2023 | 4:00 pm

SPY

TSLA

Tesla Inc's CFO, Zachary Kirkhorn, is stepping down after 13 years with the company, including four years as CFO. His departure has drawn mixed reactions, with some speculating about potential disagreements with CEO Elon Musk. During Kirkhorn's tenure as CFO, Tesla's stock has seen significant growth, with a $1,000 investment in 2019 now worth $12,771.15. In comparison, the same investment in the SPDR S&P 500 ETF Trust would be worth $1,713.73 today.

Portfolio Pulse from Chris Katje

August 08, 2023 | 3:49 pm

LTRY

Lottery.com (NASDAQ:LTRY) shareholders have approved a 20-for-1 reverse stock split at the company's 2023 Annual Meeting. The split will reduce the number of outstanding common shares from 50.1 million to approximately 2.5 million. The split will become effective at 5:01 p.m. Eastern Time of August 9, 2023, and the stock will begin trading on a reverse-split adjusted basis on August 10, 2023. The company's board also voted to remove the 'option to purchase Sports.com' from the agreement with United Capital Investments London, Ltd.

Portfolio Pulse from Happy Mohamed

August 08, 2023 | 3:44 pm

NKLA

Nikola Corporation (NASDAQ:NKLA) shares are trading lower on above-average volume following the company's Q2 financial results and the stepping down of CEO Michael Lohscheller due to a family health matter. The company reported revenue of $15.36 million and a loss of 20 cents per share. Board chairman, Steve Girsky, has assumed the role of CEO. NKLA has also seen significant interest from short-sellers with 17.62% of shares currently being sold short.

Portfolio Pulse from Erica Kollmann

August 08, 2023 | 3:20 pm

ABNB

A large bearish position has been taken on Airbnb (NASDAQ:ABNB), with 14 uncommon options trades spotted, split between 14% bullish and 85% bearish. Whales have been targeting a price range from $90.0 to $170.0 for Airbnb over the last 3 months. The price of ABNB is down -4.12% at $137.3. Barclays, Keybanc, Mizuho, B of A Securities have maintained their ratings on Airbnb, while Needham downgraded its action to Buy with a price target of $160.

Portfolio Pulse from Benzinga Insights

August 08, 2023 | 3:15 pm

DELL

Unusual options activity has been observed for Dell Technologies (NYSE:DELL), with a large bullish position appearing on publicly available options history. The overall sentiment of these big-money traders is split between 53% bullish and 46% bearish. Whales have been targeting a price range from $45.0 to $67.5 for Dell Technologies over the last 3 months. The price of DELL is up 5.77% at $57.72. Goldman Sachs has maintained their Buy rating on Dell Technologies, with a price target of $55 and $61.

Portfolio Pulse from Benzinga Insights

August 08, 2023 | 3:15 pm

EWG

TSM

VGK

Germany's Chancellor Scholz has announced that Germany is likely to become the major location for semiconductor production in Europe, following an investment from TSMC.

Portfolio Pulse from Happy Mohamed

August 08, 2023 | 3:03 pm