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AVGO

A significant bearish stance on Broadcom (NASDAQ:AVGO) has been observed through unusual options activity. The sentiment among these big-money traders is split between 45% bullish and 54% bearish. The whales have been targeting a price range from $860.0 to $1080.0 for Broadcom over the last 3 months. The price of AVGO is up 1.1% at $871.72, with RSI indicators suggesting the stock may be approaching overbought. Next earnings are expected in 44 days.

Portfolio Pulse from Benzinga Insights

October 24, 2023 | 2:16 pm

NKE

A significant bullish stance on Nike (NYSE:NKE) has been observed, with a large position appearing in publicly available options history. Benzinga's options scanner spotted 11 options trades for Nike, with sentiment split between 54% bullish and 45% bearish. Whales have been targeting a price range from $97.5 to $110.0 for Nike over the last 3 months. Several financial institutions have maintained or upgraded their ratings on Nike, with price targets ranging from $92 to $137.

Portfolio Pulse from Benzinga Insights

October 24, 2023 | 2:16 pm

ASML

Unusual options activity has been observed for ASML Holding (NASDAQ:ASML), with a large position indicating a bullish stance. The activity includes 19 uncommon options trades, split between 52% bullish and 47% bearish. Whales have been targeting a price range from $520.0 to $740.0 for ASML over the last 3 months. Susquehanna and JP Morgan have maintained their positive and overweight ratings on ASML respectively, with price targets of $810 and $726-$732.

Portfolio Pulse from Benzinga Insights

October 24, 2023 | 2:16 pm

AIRE

ASTI

INM

INVO

LIAN

LMDX

U.S. stocks traded higher with the Dow Jones index gaining over 250 points. The S&P Global manufacturing PMI for the US increased to 50 in October from 49.8 in the prior month, topping market expectations of 49.5. InMed Pharmaceuticals, Ascent Solar Technologies, and LianBio saw significant stock increases, while reAlpha Tech Corp., LumiraDx Limited, and INVO Bioscience saw significant decreases.

Portfolio Pulse from Lisa Levin

October 24, 2023 | 2:14 pm

PII

Polaris Inc (NYSE:PII) reported a 4% YoY decline in Q3 FY23 sales to $2.25 billion, missing analyst consensus estimates. The company's sales were negatively impacted by lower shipment volumes and higher finance interest. Sales from Off-Road segment rose 6%, On Road segment dropped 19%, and Marine slumped 48%. Adjusted EPS of $2.71 beat the analyst consensus estimate of $2.69. The company cut its FY23 sales outlook to +3% - +5% and slashed adjusted EPS guidance to -8% - -4%. PII shares are trading lower by 4.33% at $88 in premarket on Tuesday.

Portfolio Pulse from Shivani Kumaresan

October 24, 2023 | 2:14 pm

INM

Trading of InMed Pharmaceuticals Inc's shares has resumed.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 2:11 pm

BF

Goldman Sachs analyst Bonnie Herzog has maintained a 'Sell' rating on Brown-Forman (NYSE:BF) and lowered the price target from $60 to $53.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 2:11 pm

ALKS

Evercore ISI Group analyst Umer Raffat has upgraded Alkermes (NASDAQ:ALKS) from In-Line to Outperform.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 2:10 pm

APCX

AppTech Payments Corp (NASDAQ:APCX) shares dropped by 14.4% after the company announced a registered direct offering to an institutional investor. The investor will acquire approximately $3.5 million worth of common stock and warrants, with each share and warrant having an effective purchase price of $2.10. The company will issue 1,666,667 shares and corresponding warrants, which can be exercised at $2.74 per share within five years.

Portfolio Pulse from Henry Khederian

October 24, 2023 | 2:08 pm

APCX

AppTech Payments Corp. has announced the pricing of a $3.5 million registered direct offering, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 2:07 pm