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Equity Actions

INTU

A significant bullish stance has been taken on Intuit (NASDAQ:INTU) by a large investor or institution, as evidenced by unusual options activity. The sentiment among these big-money traders is split between 64% bullish and 35% bearish. The whales have been targeting a price range from $370.0 to $570.0 for Intuit over the last 3 months. Exane BNP Paribas upgraded its action to Neutral with a price target of $532, while Keybanc maintained their Overweight rating on Intuit with a price target of $525.

Portfolio Pulse from Benzinga Insights

July 28, 2023 | 8:45 pm

ROIV

Biotech entrepreneur and 2024 presidential candidate Vivek Ramaswamy, known for his past deals and rap career, is gaining support from Republicans. Ramaswamy was behind the IPO of Myovant Sciences in 2016 and founded Roivant Sciences (NASDAQ:ROIV), which went public through a SPAC merger in 2021. He also helped take Axovant public and co-founded Strive Asset Management. Ramaswamy's rap career and potential appeal to younger voters could boost his familiarity among the public.

Portfolio Pulse from Chris Katje

July 28, 2023 | 8:33 pm

NAAS

Naas Technology has filed for a mixed shelf offering of up to $200 million.

Portfolio Pulse from Charles Gross

July 28, 2023 | 8:31 pm

FOX

FOXA

PDYPY

Fox Corporation and Flutter Entertainment have decided to wind down their sports betting business, Fox Bet, according to Bloomberg. The decision comes amid increasing competition in the online gambling industry.

Portfolio Pulse from Charles Gross

July 28, 2023 | 8:27 pm

DE

A whale investor has taken a bearish stance on Deere (NYSE:DE), with 65% of the spotted trades being bearish. The whales have been targeting a price range from $380.0 to $500.0 for Deere over the last 3 months. DA Davidson and Citigroup maintain their Buy rating on Deere, with price targets of $510 and $475 respectively.

Portfolio Pulse from Benzinga Insights

July 28, 2023 | 8:01 pm

USB

U.S. Bancorp Inc. (NYSE:USB) shares are trading at $39.42, after a 1.55% increase. Over the past month, the stock went up by 19.31%, but fell by 17.01% in the past year. The company's P/E ratio of 10.81 is higher than the aggregate P/E ratio of the Banks industry (9.33), suggesting that the stock might be overvalued.

Portfolio Pulse from Benzinga Insights

July 28, 2023 | 7:30 pm

AUR

Aurora Innovation's stock price is rising after a report indicated that Uber has increased its stake in the company.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 7:21 pm

TGT

A significant bearish stance has been taken on Target (NYSE:TGT) as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 37% bullish and 62% bearish. The whales have been targeting a price range from $90.0 to $180.0 for Target over the last 3 months. The price of TGT is up 0.44% at $135.09, with RSI indicators hinting that the stock may be approaching overbought. Target's next earnings are expected to be released in 19 days.

Portfolio Pulse from Benzinga Insights

July 28, 2023 | 7:15 pm

DWAC

Despite facing multiple indictments, former President Donald Trump has confirmed his intention to run for president in 2024. The U.S. Constitution does not prevent a convicted individual from running for or winning the presidency. Trump's potential incarceration is also included in provisions related to his SPAC deal with Digital World Acquisition Corporation (NASDAQ:DWAC). The SPAC merger filing states that a 'material disruptive event' such as Trump running for public office or being convicted of a felony would not change the company's ownership.

Portfolio Pulse from Chris Katje

July 28, 2023 | 7:06 pm

BLK

A significant bearish stance has been taken on BlackRock (NYSE:BLK) with 70% of investors opening trades with bearish expectations. The whales have been targeting a price range from $710.0 to $820.0 for BlackRock over the last 3 months. The price of BLK is up 1.2% at $737.85. Several financial institutions have maintained their positive ratings on BlackRock, with price targets ranging from $770 to $888.

Portfolio Pulse from Benzinga Insights

July 28, 2023 | 7:01 pm