Streetbeat News

Equity Actions

UNH

A significant bullish stance has been taken on UnitedHealth Group (NYSE:UNH) by a large investor or institution, as evidenced by unusual options activity. The sentiment among these big-money traders is 60% bullish and 40% bearish. The targeted price range for UNH over the last 3 months is $360.0 to $540.0. Several financial institutions have maintained or downgraded their ratings on UNH, with price targets ranging from $527 to $587.

Portfolio Pulse from Benzinga Insights

July 17, 2023 | 4:31 pm

BA

Investor Business Daily SwingTrader has announced that it will exit its entire position in The Boeing Company (BA) at $211.88.

Portfolio Pulse from Happy Mohamed

July 17, 2023 | 4:18 pm

ISRG

A significant amount of unusual options activity has been detected for Intuitive Surgical (NASDAQ:ISRG), with a bearish stance being taken by a 'whale' investor. Of the 11 strange trades detected, 45% were opened with bullish expectations and 54% with bearish. The total amount for the 5 puts was $553,806 and for the 6 calls was $538,323. Whales have been targeting a price range from $250.0 to $410.0 for Intuitive Surgical over the last 3 months. RBC Capital and Citigroup have maintained their Outperform and Buy ratings on Intuitive Surgical respectively.

Portfolio Pulse from Benzinga Insights

July 17, 2023 | 3:46 pm

DUO

Fangdd Network has announced an $8 million registered direct offering of 11,428,565 shares at a purchase price of $0.70 per share. This has led to a decrease in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2023 | 3:30 pm

AMZN

SPY

Amazon.com, Inc (NASDAQ:AMZN) stock is showing a possible bull flag pattern, suggesting a potential rise in the future. The stock was trading slightly lower on Monday, but this was on lower-than-average volume, indicating consolidation rather than a bearish trend. If the bull flag pattern is confirmed, the stock could rise by about 8.5%, potentially reaching $145. However, if the stock breaks down from the pattern, it could increase volatility in the stock market due to its heavy weighting within the SPDR S&P 500.

Portfolio Pulse from Melanie Schaffer

July 17, 2023 | 3:22 pm

BCAN

Cannasoft Enterprises announced the pricing of a $2.6 million underwritten public offering of 1,733,334 shares at $1.50 per share, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2023 | 3:19 pm

RYAAY

Zacks SurpriseTrader has reportedly purchased shares in Ryanair Holdings (RYAAY).

Portfolio Pulse from Happy Mohamed

July 17, 2023 | 3:15 pm

JZXN

Jiuzi Holdings Inc (NASDAQ:JZXN) shares have dropped over 50% following a securities purchase agreement with institutional investors to purchase $2.3 million worth of its ordinary shares in a registered direct offering. The purchase price per share is $1.65. The offering is expected to close on July 19, 2023.

Portfolio Pulse from Shivani Kumaresan

July 17, 2023 | 3:14 pm

CURLF

ITHUF

iAnthus Capital Holdings, Inc. has appointed Richard Proud as CEO and director. Proud was previously the executive vice president of revenue for Curaleaf, a multi-state cannabis operator. The appointment is effective immediately, concluding Robert Galvin's tenure as interim CEO. Galvin will continue as the company's interim COO. Proud's control of the company's Massachusetts subsidiaries is subject to the approval of the Massachusetts Cannabis Control Commission.

Portfolio Pulse from Vuk Zdinjak

July 17, 2023 | 3:11 pm

BABA

JD

PDD

TME

China's Q2 2023 economic growth of 6.3% YoY missed the market's projected 7.3% rise, causing a negative impact on U.S.-listed Chinese equities and sectors linked to Chinese growth. Commodities like copper, gold, and silver fell, while Chinese ADRs Tencent Music Entertainment Group (TME) and PDD Holdings (PDD) declined by 5% and 3% respectively. Alibaba Group Holding Ltd. (BABA) and JD.com, Inc. (JD) limited their losses to 1.6% and 0.8% respectively. European luxury stocks and materials and mining sector stocks also experienced declines.

Portfolio Pulse from Piero Cingari

July 17, 2023 | 3:09 pm