Streetbeat News

Equity Actions

AMZN

BABA

CVNA

FTDR

KBH

LVS

SBUX

TSLA

Today's session highlighted significant whale activity in the Consumer Discretionary sector, with notable options trading on stocks like TSLA, CVNA, JD, BABA, AMZN, FTDR, LVS, SBUX, F, and KBH. The trades varied in sentiment, with some bullish and others bearish, indicating diverse expectations for these stocks' future movements. The activity involved both call and put options, with varying expiration dates and strike prices, reflecting sophisticated strategies by entities with large sums of money.

Portfolio Pulse from Benzinga Insights

May 07, 2024 | 5:35 pm

AAPL

AMD

ARM

INTC

MDB

MSFT

NVDA

PANW

SMCI

TSM

Today's session highlighted significant whale activity in the Information Technology sector, focusing on options trading for stocks like AAPL, NVDA, AMD, INTC, TSM, PANW, MSFT, SMCI, MDB, and ARM. The trades, characterized by their bullish or bearish sentiments, involved various strategies such as sweeps and trades with notable volumes and total trade prices. This activity could indicate potential market movements or investor sentiment towards these companies.

Portfolio Pulse from Benzinga Insights

May 07, 2024 | 5:35 pm

GreenPower Motor Company Inc (NASDAQ:GP) shares dropped 22.5% to $1.41 after announcing a public offering of 1.5 million common shares and warrants at $1.55 per share, aiming to raise approximately $2.3 million. The proceeds are intended for the production of electric vehicles and general corporate purposes. The offering, managed by Maxim Group LLC, is expected to close around May 9. Year to date, GP shares have declined by 54.04%, underperforming historical averages.

Portfolio Pulse from Henry Khederian

May 07, 2024 | 5:07 pm

AGRI

AgriFORCE Growing Systems Ltd (NASDAQ:AGRI) shares dropped 26.9% to $0.10 after filing a prospectus for the sale of up to 432.5 million shares by selling stockholders. The company will not sell any shares itself nor receive proceeds from the sale, but will incur registration expenses. The stock has significantly underperformed, losing 99.65% year to date, with a 52-week range of $0.098 to $31.00.

Portfolio Pulse from Henry Khederian

May 07, 2024 | 5:07 pm

ILMN

Unusual options activity was detected for Illumina (NASDAQ:ILMN), with a predominantly bearish sentiment among big-money traders. A total of 8 options trades were spotted, with 7 puts and 1 call, indicating a bearish outlook. The trades suggest a price target range of $110.0 to $150.0 for Illumina. Current trading volume and price trends, along with analyst ratings, suggest mixed opinions on the stock's future performance.

Portfolio Pulse from Benzinga Insights

May 07, 2024 | 4:45 pm

LYFT

Lyft's options market has seen significant activity, with an equal split between bullish and bearish trades among investors. Notable trades include both calls and puts, with a targeted price range of $12.0 to $35.0. The current stock price of Lyft is $16.81, down 4.05%, with neutral RSI indicators. Analyst ratings suggest a mixed outlook, with an average target price of $18.33. Key trades and analyst ratings from Tigress Financial, Morgan Stanley, and Wells Fargo highlight the diverse expectations for Lyft's stock performance.

Portfolio Pulse from Benzinga Insights

May 07, 2024 | 4:31 pm

ALZN

Alzamend Neuro's stock price has declined following the company's announcement of the termination of its at-the-market equity offering program.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 4:28 pm

VRT

Investors have shown a bearish stance on Vertiv Hldgs (NYSE:VRT), with options trading indicating a sentiment split of 0% bullish and 62% bearish. Significant trading activity includes 1 put and 7 calls, aiming for a price range of $77.5 to $125. Vertiv's current trading volume is 2,354,156, with a price decrease of -1.6%, and an RSI suggesting it may be approaching overbought. Analysts have issued ratings with a consensus target price of $100.4, varying from Neutral to Buy.

Portfolio Pulse from Benzinga Insights

May 07, 2024 | 4:16 pm

RBT

Rubicon announced the sale of its fleet technology business unit and issued convertible preferred stock, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 4:11 pm

LILM

YA II GP, LP has reported a 9.99% stake in Lilium (LILM) as of May 3, 2024, according to a 13G filing with the SEC.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 4:10 pm