Streetbeat News

Stock Prices

SE

Recent options trading activity indicates a bearish stance on Sea (NYSE:SE) by large investors, with 58% of detected trades being bearish. The trading volume and open interest suggest a price window of $25.0 to $60.0 for Sea. Significant trades include both puts and calls with varying sentiments and strike prices. Sea, known for its e-commerce platform Shopee and gaming business Garena, has seen its stock price increase by 3.44% to $55.27. An analyst from Bernstein maintains an Outperform rating with a target price of $70.

Portfolio Pulse from Benzinga Insights

April 05, 2024 | 8:30 pm

MS

Morgan Stanley (NYSE:MS) has seen a surge in options activity, with a bullish sentiment from investors. Analysis of 9 trades shows a preference for a price range between $72.5 and $97.5. Significant trades include both bullish and bearish sentiments, with a notable volume and open interest in options. Morgan Stanley, a global investment bank with over $4 trillion in client assets, has its stock slightly up by 0.21% at $92.47. Analyst ratings suggest a consensus target price of $96.8, with varying recommendations from hold to outperform.

Portfolio Pulse from Benzinga Insights

April 05, 2024 | 8:30 pm

RTX

RTX has seen a surge in options activity, with a bullish sentiment from investors. Analysis of 24 trades shows a majority bullish outlook, with significant trades aiming for a price range of $50.0 to $120.0. The company, a merger of United Technologies and Raytheon, operates in aerospace and defense. Currently, RTX's stock is up 2.4% at $101.69, potentially overbought. Analysts have issued positive ratings, with a consensus target price of $118.33. Options trading presents higher risks and rewards.

Portfolio Pulse from Benzinga Insights

April 05, 2024 | 8:30 pm

ACB

CARA

SNDL

XXII

The cannabis sector experienced significant movement on April 5, 2024, with numerous companies seeing substantial gains or losses in their stock prices. Notably, MPX International and 22nd Century Group were among the top gainers, while Choom Holdings and Heritage Cannabis Holding faced steep declines.

Portfolio Pulse from Benzinga Insights

April 05, 2024 | 8:30 pm

UAL

United Airlines has decided to cancel its Investor Day scheduled for May due to recent safety incidents. This decision reflects the company's current focus on addressing these safety concerns.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 8:25 pm

AAPL

AMZN

DIS

LLY

NKLA

XLE

Recent economic data and Federal Reserve officials' remarks have led investors to adjust expectations for interest rate cuts, as the U.S. economy shows resilience with job growth and manufacturing expansion. Energy stocks, particularly the Energy Select Sector SPDR Fund, benefited from rising oil prices. Apple is refocusing on home robotics, potentially entering a new market. Disney's board received strong shareholder support, affirming CEO Bob Iger's leadership. Eli Lilly faces supply challenges for its popular weight loss drugs on Amazon Pharmacy. Nikola Corp outperformed other EV stocks, including Tesla, Rivian, and Lucid, highlighting its recovery and focus on hydrogen fuel cell trucks.

Portfolio Pulse from Piero Cingari

April 05, 2024 | 8:23 pm

AG

GDX

NEM

Gold prices soared to record highs above $2,300 per ounce, marking its sixth week of gains in the past seven, with a 4% rally despite potential delays in anticipated rate cuts by the Fed. The VanEck Gold Miners ETF (GDX) and Newmont Corp. (NEM) experienced significant gains, with GDX reaching 11-month highs and NEM recording its best week in 13 months. Other mining stocks also saw substantial increases, with First Majestic Silver Corp. (AG) leading the pack.

Portfolio Pulse from Piero Cingari

April 05, 2024 | 8:19 pm

ABBV

Recent options activity for AbbVie (NYSE:ABBV) shows a bearish sentiment among investors, with 68% of trades being bearish. Significant trades have targeted a price range of $125.0 to $195.0. AbbVie, a pharmaceutical firm, is currently trading at $170.0, up 1.25%, with an RSI suggesting it may be approaching oversold. Analysts from Barclays and Guggenheim maintain positive ratings with target prices of $195 and $190, respectively.

Portfolio Pulse from Benzinga Insights

April 05, 2024 | 8:16 pm

SNOW

Benzinga's options scanner revealed significant bullish activity in Snowflake (NYSE:SNOW) options, with 37 unusual trades indicating a split sentiment of 59% bullish and 40% bearish. The trades suggest an expected price window of $100.0 to $250.0 for SNOW. The largest trades include bullish and bearish calls and puts with varying strike prices and expiration dates. Snowflake's current trading volume is 4,998,697, with a price increase of 1.67% to $153.86, and its RSI indicates it may be approaching oversold territory. An earnings announcement is expected in 47 days.

Portfolio Pulse from Benzinga Insights

April 05, 2024 | 8:15 pm

SILO

Silo Pharma has received approval for the extension of its stock repurchase program, allowing the purchase of up to $1M in common stock until April 30, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 8:15 pm