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Stock Prices

AMR

Alpha Metallurgical (NYSE:AMR) has seen significant options market activity, with a bearish sentiment prevailing among large investors. Benzinga's options scanner revealed 19 unusual trades, with a split sentiment of 26% bullish and 73% bearish. The focus is on a price band between $80 and $660. Notably, there were 10 puts and 9 calls, indicating a bearish outlook. AMR's stock is currently down by -13.34%, trading at $380.12, with an RSI indicating a neutral position. An earnings announcement is expected in 68 days.

Portfolio Pulse from Benzinga Insights

February 28, 2024 | 5:46 pm

Market whales have shown a bearish stance on Boeing (NYSE:BA) through recent options trades, with a sentiment split of 39% bullish and 60% bearish. Benzinga's options scanner identified 23 unusual trades, indicating a price target range of $170.0 to $265.0 for Boeing. The largest trades include both bullish and bearish sentiments on calls with expiration dates ranging from 2024 to 2025. Boeing's current stock price is slightly up at $201.45, with the next earnings expected in 56 days.

Portfolio Pulse from Benzinga Insights

February 28, 2024 | 5:45 pm

SHOO

Steven Madden, Ltd. (NASDAQ:SHOO) reported Q4 earnings and revenue that beat Wall Street expectations, with earnings per share of 61 cents and revenue of $519.714 million. The company saw a 10.4% year-over-year revenue increase, driven by growth in both direct-to-consumer and wholesale businesses. Despite this, SHOO shares traded lower by 2.77% to $42.42. The company also announced a quarterly cash dividend of $0.21 per share and expects 2024 revenue to increase by 11% to 13%. Telsey Advisory Group maintained a Market Perform rating with a $39 price forecast.

Portfolio Pulse from Nabaparna Bhattacharya

February 28, 2024 | 5:42 pm

MRAI

ROOT

RYAN

Insurance stocks showed notable movements in Wednesday's intraday session. Gainers included Root, Ryan Specialty Holdings, Kingstone Companies, Ambac Financial Group, Trupanion, and Erie Indemnity, with increases ranging from 3.97% to 8.05%. Losers were Marpai, Maiden Holdings, Reliance Global Group, FG Financial Group, Hippo Holdings, and ProAssurance, with declines between 4.45% and 10.44%. Notably, Ryan Specialty Holdings, Ambac Financial Group, Erie Indemnity, and ProAssurance recently released their Q4 earnings.

Portfolio Pulse from Benzinga Insights

February 28, 2024 | 5:40 pm

BABA

CGRO

PGJ

Alibaba Group Holding Ltd's subsidiary, Daraz Group, is set for another round of layoffs amid financial challenges, a year after reducing its workforce by 11%. The layoffs across Pakistan, Bangladesh, Sri Lanka, and Nepal reflect Alibaba's broader strategy to optimize operations within its International Digital Commerce Group. Despite these challenges, Alibaba's international ventures, including Daraz, saw a 44% revenue increase in the December quarter. The Invesco Golden Dragon China ETF and Tidal Trust II CoreValues Alpha Greater China Growth ETF, with close to 8% exposure to Alibaba, gained 7-10% last month. Alibaba's stock traded lower by 3.27% at $75.14.

Portfolio Pulse from Anusuya Lahiri

February 28, 2024 | 5:39 pm

AAPL

TSM

Apple Inc and Taiwan Semiconductor Manufacturing Company (TSMC) are collaborating to design processors using TSMC's 2-nanometer fabrication process, aiming for production in late 2025. This advancement promises up to 15% speed increases or up to 30% power efficiency gains over the current 3nm technology. Apple has secured most of TSMC's initial 2nm production capacity, continuing their partnership. TSMC is investing in new facilities for 2nm production, with plans for mass production by 2025. TSMC's stock has risen 27% year-to-date, while Apple's has decreased by 2%.

Portfolio Pulse from Anusuya Lahiri

February 28, 2024 | 5:36 pm

BAC

BXMT

COIN

HOOD

LMND

SOFI

TROW

Today's whale activity in the Financials sector highlighted significant options trading across various stocks, indicating bearish, bullish, and neutral sentiments. Notable trades were observed in COIN, HOOD, MA, BAC, LMND, SOFI, BXMT, TROW, SQ, and BX, with varying expiration dates, strike prices, and sentiments. This activity could signal upcoming movements in these stocks based on the large sums of money involved and the specific sentiments expressed through the options market.

Portfolio Pulse from Benzinga Insights

February 28, 2024 | 5:35 pm

ABNB

AMZN

CPNG

CVNA

GLBE

MMYT

TSLA

WHR

Today's session highlighted significant whale activity in the options market for 10 consumer discretionary stocks, indicating potential trading opportunities. The activity involved both bullish and bearish sentiments across various expiration dates and strike prices for companies like TSLA, FL, LI, CPNG, GLBE, AMZN, ABNB, CVNA, WHR, and MMYT. This unusual options activity could suggest expectations of future stock price movements.

Portfolio Pulse from Benzinga Insights

February 28, 2024 | 5:35 pm

AMD

ARM

CRM

MARA

MSTR

NVDA

PATH

PLTR

SNOW

STX

Today's whale activity in the Information Technology sector highlighted unusual options trading for several companies. Notable bullish sentiment was observed in MARA, MSTR, STX, and AMD, while bearish sentiment was seen in NVDA, PLTR, and SNOW. CRM, ARM, and PATH had neutral to bullish sentiment respectively. The activity involved both call and put options with varying expiration dates and strike prices, indicating diverse market expectations.

Portfolio Pulse from Benzinga Insights

February 28, 2024 | 5:35 pm

VTRS

Viatris shares are trading lower following the announcement of their Q4 financial results, which did not meet expectations.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 5:33 pm