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Stock Prices

VLO

Valero Energy (NYSE:VLO) has seen unusual options activity, with a bearish sentiment dominating among significant investors. The options scanner revealed 8 trades, heavily skewed towards bearish positions with 75% bearish and 25% bullish sentiment. The largest trades include a mix of calls and puts, aiming for a price range of $135.0 to $185.0 for VLO over the next three months. This activity comes amidst a backdrop of Valero being one of the largest independent refiners in the US, with its stock price currently down by -1.78% at $170.45. Analysts have mixed ratings on VLO, with target prices ranging from $165 to $198.

Portfolio Pulse from Benzinga Insights

April 15, 2024 | 5:46 pm

DLTR

JP Morgan analyst Matthew Boss maintains an Overweight rating on Dollar Tree (NASDAQ:DLTR) and raises the price target from $144 to $152.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 5:45 pm

XPO

B of A Securities analyst Ken Hoexter maintains a Buy rating on XPO Logistics (NYSE:XPO) and raises the price target from $137 to $139.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 5:40 pm

AVGO

HACK

TRFK

Broadcom Inc (NASDAQ:AVGO) is facing an EU antitrust investigation over VMware's licensing conditions, leading to a swift revision of pricing strategies. Complaints from EU businesses and trade groups about sudden policy changes and price hikes prompted the investigation. Broadcom responded by adjusting VMware's pricing, aiming to ease cloud and on-premise transitions. The EU has a history of fining tech giants for antitrust violations, with Broadcom, Amazon, Microsoft, and Adobe under scrutiny for various deals and practices. Broadcom's stock has seen significant growth, and exposure to it can be gained through ETFs like Pacer Data And Digital Revolution ETF (NYSE:TRFK) and Amplify Cybersecurity ETF (NYSE:HACK).

Portfolio Pulse from Anusuya Lahiri

April 15, 2024 | 5:38 pm

BAC

CMA

COIN

HOOD

WFC

Today's session highlighted significant options activity for 8 financial stocks, indicating potential trading opportunities based on whale alerts. These alerts track large transactions and can signal shifts in market sentiment. The stocks involved include HOOD, WFC, GL, BAC, GS, BX, CMA, and COIN, with various bullish, bearish, and neutral sentiments expressed through call and put options across different expiration dates and strike prices.

Portfolio Pulse from Benzinga Insights

April 15, 2024 | 5:35 pm

AMZN

BABA

BYON

CPRI

CVNA

DKNG

PDD

PSNY

RIVN

TSLA

Today's session highlighted significant options activity for 10 consumer discretionary stocks, indicating varied sentiments among traders. Notable movements include bearish put options for TSLA, PSNY, CVNA, and RIVN, and bullish call options for BABA and PDD. Other stocks like DKNG, BYON, CPRI, and AMZN also saw notable options trades, suggesting investors are actively speculating on these stocks' future movements based on market conditions and company performance.

Portfolio Pulse from Benzinga Insights

April 15, 2024 | 5:35 pm

ALAB

AMAT

AMD

BILL

CRM

NVDA

SMCI

SNOW

WDC

Today's session highlighted significant options activity in the Information Technology sector, with notable movements in stocks like AMD, NVDA, CRM, BILL, MU, SMCI, SNOW, ALAB, AMAT, and WDC. The activity ranged from bullish to neutral and bearish sentiments, involving both call and put options with various expiration dates and strike prices. This could indicate traders' expectations for these stocks' future movements.

Portfolio Pulse from Benzinga Insights

April 15, 2024 | 5:35 pm

ABBV

AbbVie (NYSE:ABBV) has seen a significant amount of options trading activity, with a bearish sentiment prevailing among investors. Analysis of 13 trades shows a split with 38% bullish and 61% bearish positions. The trading focused on a price range between $85.0 and $177.5. The largest trades include both puts and calls with varying sentiments and strike prices. AbbVie, a pharmaceutical company, has its stock currently up by 0.22% at $162.63. Analysts from Guggenheim and Barclays have issued buy and overweight ratings with target prices of $190 and $195, respectively.

Portfolio Pulse from Benzinga Insights

April 15, 2024 | 5:31 pm

BMY

Market whales have shown a predominantly bearish stance on Bristol-Myers Squibb (BMY), with 70% of recent options trades being bearish. Analysis of options trading for BMY reveals a focus on a price range between $44.0 and $55.0. Significant trades include both puts and calls, with a higher total trade price for puts. BMY's stock is currently up by 0.97% at $48.75, with an anticipated earnings release in 10 days. The company, a leader in immuno-oncology, derives 70% of its sales from the U.S.

Portfolio Pulse from Benzinga Insights

April 15, 2024 | 5:31 pm

PDD

PDD Holdings (NASDAQ:PDD) has seen a significant surge in options activity, with a bearish stance from big-money investors. Benzinga's options scanner revealed 24 unusual trades, showing a split sentiment of 45% bullish and 54% bearish. The trades target a price range of $100 to $210 for PDD over the next 3 months. Currently, PDD's stock is slightly down by -0.33%, trading at $115.12, with analysts maintaining a positive outlook, setting an average price target of $186.8.

Portfolio Pulse from Benzinga Insights

April 15, 2024 | 5:31 pm