Streetbeat News

Equity Actions

PYPL

A significant bearish stance has been taken on PayPal Holdings (NASDAQ:PYPL) as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 40% bullish and 60% bearish. The whales have been targeting a price range from $52.5 to $140.0 for PayPal Holdings over the last 3 months. RBC Capital, BTIG, Atlantic Equities, and Stephens & Co. have all downgraded their ratings on PayPal, with price targets ranging from $72 to $86.

Portfolio Pulse from Benzinga Insights

June 27, 2023 | 6:18 pm

A significant amount of unusual options activity has been observed for Altria Group (NYSE:MO), with a majority of investors taking a bearish stance. The price range targeted by these investors over the last three months is between $40.0 and $45.0. Morgan Stanley has maintained their Equal-Weight rating on Altria Group, with a price target of $45.

Portfolio Pulse from Benzinga Insights

June 27, 2023 | 6:18 pm

BIIB

Biogen Inc.'s (NASDAQ:BIIB) share price is currently at $281.65, after a 0.03% increase. Over the past month, the stock fell by 5.68%, but in the past year, it spiked by 37.28%. The company's P/E ratio of 13.11 is lower than the Biotechnology industry average of 50.2, which could indicate that the stock is undervalued or that it might perform worse than its industry peers.

Portfolio Pulse from Benzinga Insights

June 27, 2023 | 6:02 pm

BTCUSD

SPY

The stock market is being pulled in opposite directions due to two different Wall Street mechanics: quarter end window dressing and quarter end rebalancing. The former involves money managers buying the best performing stocks, causing them to run up even more, while the latter involves selling stocks to buy bonds, pushing down stocks. The SPDR S&P 500 ETF Trust (NYSE:SPY) has pulled back to the top band of the top support/resistance zone. Economic data continues to be strong, with durable orders and durable goods ex-transportation exceeding consensus. Bitcoin (CRYPTO: BTC) is range bound.

Portfolio Pulse from The Arora Report

June 27, 2023 | 5:41 pm

CHWY

CMG

CVNA

IGT

MHO

NKE

PLAY

TSLA

Benzinga's options activity scanner has identified unusual options activity in the Consumer Discretionary sector. The stocks involved are Tesla (TSLA), General Motors (GM), Nike (NKE), Carvana (CVNA), Dave & Buster's (PLAY), International Game Technology (IGT), Goodyear Tire & Rubber (GT), Chewy (CHWY), M/I Homes (MHO), and Chipotle Mexican Grill (CMG). The activity includes both bullish and bearish sentiments.

Portfolio Pulse from Benzinga Insights

June 27, 2023 | 5:39 pm

AAPL

ADI

AMD

AMKR

JNPR

MSFT

NVDA

ORCL

PANW

SMCI

Benzinga's options activity scanner has identified significant trading activity in 10 information technology stocks. The stocks include Apple (AAPL), Nvidia (NVDA), Advanced Micro Devices (AMD), Juniper Networks (JNPR), Amkor Technology (AMKR), Microsoft (MSFT), Oracle (ORCL), Palo Alto Networks (PANW), Analog Devices (ADI), and Super Micro Computer (SMCI). The scanner tracks large transactions, often referred to as 'whale alerts', which can indicate potential trading opportunities.

Portfolio Pulse from Benzinga Insights

June 27, 2023 | 5:39 pm

UNH

A significant bearish stance has been taken on UnitedHealth Group (UNH) by a large investor or institution, as indicated by unusual options activity. The sentiment among these big-money traders is split, with 36% bullish and 63% bearish. The targeted price range for UNH over the last 3 months is from $230.0 to $480.0. Several financial institutions have downgraded their ratings on UNH but with high price targets. The stock is currently trading at $478.79.

Portfolio Pulse from Benzinga Insights

June 27, 2023 | 5:16 pm

NVDA

NVIDIA Corporation (NVDA) will present at the Piper Sandler Webinar: Networks for AI on Wednesday, June 28. The event will be available for the financial community and interested parties can listen to the live audio webcast at investor.nvidia.com.

Portfolio Pulse from Happy Mohamed

June 27, 2023 | 5:10 pm

BIDU

Baidu Inc.'s shares are trading at $143.46, after a 2.77% increase. Over the past month, the stock went up by 16.05%, but fell by 5.20% in the past year. Baidu's P/E ratio is lower than the aggregate P/E of 58.15 of the Interactive Media & Services industry, which could indicate that the stock is undervalued. However, the P/E ratio should not be used in isolation, as other factors can also impact a company's stock price.

Portfolio Pulse from Benzinga Insights

June 27, 2023 | 4:47 pm

SNFCA

Security National Financial Corporation (SNFCA) has been included in the Russell 3000 Index, effective from June 26, 2023. This is the second time the company has been added to the index, with the first inclusion in June 2020. The Russell 3000 Index includes the 4,000 largest US stocks ranked by total market capitalization. The inclusion is seen as evidence of Security National's continued efforts to provide strong returns for investors.

Portfolio Pulse from Happy Mohamed

June 27, 2023 | 4:41 pm