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Stock Prices

MSFT

A significant amount of unusual options activity has been observed for Microsoft (NASDAQ:MSFT), with a bearish stance being taken by a majority of investors. Of the 10 strange trades detected, 60% were bearish and 40% bullish. The total amount for puts was $181,036 and for calls was $273,636. Whales have been targeting a price range from $270.0 to $335.0 for Microsoft over the last 3 months. The current price of MSFT is up 0.08% at $331.6. Several financial institutions have maintained or downgraded their ratings on Microsoft, with price targets ranging from $370 to $430.

Portfolio Pulse from Benzinga Insights

October 20, 2023 | 1:46 pm

PYPL

PayPal Holdings (NASDAQ:PYPL) has seen unusual options activity, with a significant bearish stance taken by a 'whale' investor. Of the 11 strange trades detected, 63% were bearish and 36% bullish. The total amount for puts was $894,392 and for calls was $479,025. The price range targeted over the last 3 months was $51.0 to $110.0. The current price of PYPL is down -1.5% at $53.99. Analysts from Oppenheimer, TD Cowen, Truist Securities, Jefferies, and Piper Sandler have maintained their ratings on PayPal, with price targets ranging from $60 to $72.

Portfolio Pulse from Benzinga Insights

October 20, 2023 | 1:46 pm

AXP

SEDG

XRTX

US stocks traded lower with the Dow Jones index falling around 50 points. American Express Co reported better-than-expected earnings for Q3 with a YoY revenue growth of 12% to $15.38 billion. XORTX Therapeutics, Lipella Pharmaceuticals, and Urgent.ly saw significant stock increases, while SolarEdge Technologies, Adial Pharmaceuticals, and Webuy Global experienced notable drops. SolarEdge issued preliminary Q3 revenue results below estimates and lowered its non-GAAP gross margin guidance. Adial announced a $4 million private placement priced at-the-market under Nasdaq rules. Webuy Global priced a $15.2 million IPO of 3.8 million ordinary shares at $4 per share.

Portfolio Pulse from Lisa Levin

October 20, 2023 | 1:43 pm

BIG

Goldman Sachs analyst Kate McShane has maintained a 'Sell' rating on Big Lots (NYSE:BIG) and lowered the price target from $5 to $4.

Portfolio Pulse from Benzinga Newsdesk

October 20, 2023 | 1:38 pm

WBUY

Shares of Webuy Global (WBUY) were halted on a circuit breaker due to a significant drop in the stock price. The stock is currently down by 24.2%.

Portfolio Pulse from Benzinga Newsdesk

October 20, 2023 | 1:31 pm

BSVUSD

BTCUSD

ETHUSD

FXSUSD

Cryptocurrency prices are on the rise with Ethereum (ETH) trading above the $1,600 mark and Bitcoin (BTC) trading above $29,800. Bitcoin SV (BSV) was the top gainer over the past 24 hours, while Frax Share (FXS) was the biggest loser. The global crypto market cap rose to $1.13 trillion, recording a 24-hour gain of 4.4%.

Portfolio Pulse from Lisa Levin

October 20, 2023 | 1:31 pm

FXI

SPY

China, the world's top graphite producer, will require export permits for some graphite products to protect national security. This move is seen as a response to challenges over its global manufacturing dominance. The new restrictions will apply from Dec. 1 and will affect two types of graphite, including high-purity, high-hardness and high intensity synthetic graphite material, and natural flake graphite and its products. This could impact countries like Japan, the United States, India and South Korea, which are top buyers of graphite from China.

Portfolio Pulse from Benzinga Newsdesk

October 20, 2023 | 1:24 pm

AAPL

BABA

HNHPF

NVDA

Nvidia Corp (NVDA) may benefit from the U.S. embargo on advanced artificial intelligence technology to China, as Chinese gamers now have to pay more than double for Nvidia's graphics card. The U.S. has imposed fresh sanctions to prevent China's military from accessing gear that can help develop advanced AI applications. Meanwhile, Nvidia is expanding collaboration with Apple Inc (AAPL) partner, Hon Hai Precision Industry Co Ltd (HNHPF), to develop AI-powered data centers, electric vehicle and robotics platforms.

Portfolio Pulse from Anusuya Lahiri

October 20, 2023 | 1:22 pm

BNBUSD

BTCUSD

ETHUSD

SOLUSD

XRPUSD

Bitcoin (BTC) has breached the $30,000 mark for the first time since August 2023, driven by amendments to spot Bitcoin ETF filings by Blackrock and Fidelity, and a similar filing by Grayscale. The price dipped slightly below $30,000 at the time of writing. Market experts suggest that if Blackrock's ETF receives approval, Bitcoin could surge to $56,000. Other cryptocurrencies such as Ethereum (ETH), BNB, XRP, and Solana (SOL) also saw price increases.

Portfolio Pulse from Khyathi Dalal

October 20, 2023 | 1:20 pm

AAPL

CORN

GLD

NFLX

NVDA

QQQ

SPOT

TLT

TSLA

WEN

The article lists the top 10 trending stocks on WallStreetBets as of October 20, 2023. The stocks mentioned are Tesla (TSLA), Teucrium Corn Fund (CORN), NVIDIA Corporation (NVDA), Netflix (NFLX), iShares 20+ Year Treasury Bond ETF (TLT), SPDR Gold Shares (GLD), Spotify Technology (SPOT), Apple Inc. (AAPL), Invesco QQQ Trust (QQQ), and Wendy's Company (WEN).

Portfolio Pulse from Benzinga Newsdesk

October 20, 2023 | 1:17 pm