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UPS

A significant amount of unusual options activity has been detected for United Parcel Service (NYSE:UPS), with a bearish stance being taken by a 'whale' investor. Of the 11 strange trades detected, 45% were bullish and 54% were bearish. The total amount for puts was $351,361 and for calls was $302,782. The price target range for UPS over the last 3 months has been $135.0 to $170.0. Analysts from JP Morgan, TD Cowen, Raymond James, Susquehanna, and HSBC have maintained their ratings on UPS, with price targets ranging from $160 to $200.

Portfolio Pulse from Benzinga Insights

October 13, 2023 | 5:46 pm

BIDU

A significant bearish stance on Baidu (NASDAQ:BIDU) has been observed, with 60% of big-money traders showing bearish sentiment. The mean open interest for Baidu options trades today is 744.78 with a total volume of 2,318.00. The price of BIDU is down -0.87% at $127.01. Bernstein maintains their Outperform rating on Baidu, with a price target of $168.

Portfolio Pulse from Benzinga Insights

October 13, 2023 | 5:46 pm

BABA

CTRYF

DIDIY

DSECF

JEF

SIOLY

SNCNQ

TCEHY

WARFF

Hong Kong and China stocks closed lower due to weak consumer sentiment and property market concerns. Alibaba (BABA) and Tencent (TCEHY) fell more than 3% due to weak consumption demand. JD.com (JD) dropped 10% after Citigroup (C), Daiwa Securities (DSECF), and Jefferies Financial (JEF) cut price and revenue targets for the company. Morgan Stanley (MS) revised its estimates for the Hong Kong property market, downgrading Wharf Holdings (WARFF) and the overall property market. Sino-Ocean Group (SIOLY) defaulted on its bond repayments, while Country Garden Holdings (CTRYF) and Sunac China Holdings (SNCNQ) also fell. Didi Global (DIDIY) is planning a Hong Kong Stock Exchange listing.

Portfolio Pulse from Daniel Harrison

October 13, 2023 | 5:45 pm

IBM

IBM shares are being closely watched due to mentions in a newsletter.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 5:45 pm

ABL

CCG

GOCO

HIPO

During Friday's intraday session, several insurance stocks experienced significant movements. Gainers included Cheche Group (CCG), Hippo Holdings (HIPO), Tian Ruixiang Holdings (TIRX), Allstate (ALL), SelectQuote (SLQT), and Kemper (KMPR). Losers included GoHealth (GOCO), Abacus Life (ABL), Heritage Insurance Hldgs (HRTG), Marpai (MRAI), Root (ROOT), and MBIA (MBI).

Portfolio Pulse from Benzinga Insights

October 13, 2023 | 5:40 pm

SASI

Sigma Additive Solutions, Inc. (NASDAQ:SASI) has announced the signing of an asset purchase agreement for the acquisition of NextTrip Holdings, a travel technology company, with an implied enterprise valuation of approximately $50 million. Sigma will acquire 100% of NextTrip's capital stock in exchange for 19.99% of Sigma's outstanding common stock. The transactions are expected to be completed in Q4 2023. Sigma also announced the sale of its in-process quality assurance technology suite to Divergent Technologies, Inc.

Portfolio Pulse from Erica Kollmann

October 13, 2023 | 5:37 pm

BCC

BCO

CARR

CAT

LMT

NOC

UAL

URI

Benzinga's options activity scanner has identified significant options activity in 10 industrial stocks. The stocks include Caterpillar (CAT), United Airlines (UAL), Carrier Global (CARR), Boeing (BA), United Rentals (URI), Brink's Company (BCO), Lockheed Martin (LMT), General Electric (GE), Boise Cascade (BCC), and Northrop Grumman (NOC). The options activity ranges from bearish to bullish and neutral sentiments.

Portfolio Pulse from Benzinga Insights

October 13, 2023 | 5:35 pm

DKNG

EXPE

HAS

LAD

MBLY

NIO

PLNT

RIVN

TSLA

WING

Benzinga's options activity scanner has identified significant options activity in the Consumer Discretionary sector. The stocks involved are Tesla (TSLA), NIO Inc. (NIO), Mobileye (MBLY), Hasbro (HAS), Lithia Motors (LAD), Wingstop (WING), DraftKings (DKNG), Rivian (RIVN), Expedia (EXPE), and Planet Fitness (PLNT). The options activity ranges from bullish to bearish sentiment, with varying expiration dates and strike prices.

Portfolio Pulse from Benzinga Insights

October 13, 2023 | 5:35 pm

AAPL

AVGO

FTNT

MSFT

NVDA

PLTR

SMCI

SNOW

TWLO

Whale activity has been observed in the options market for several information technology stocks. Notable bearish sentiment was seen in NVDA, AAPL, TWLO, MSFT, PLTR, AVGO, MU, FTNT, and SMCI, while SNOW saw bullish sentiment.

Portfolio Pulse from Benzinga Insights

October 13, 2023 | 5:35 pm

CTHR

EDUC

GROV

KAVL

KXIN

LXEH

MRM

RERE

SFT

WAFU

During Friday's intraday session, several consumer discretionary stocks experienced significant movement. Lixiang Education Hldg (LXEH), Educational Development (EDUC), Kaixin Auto Hldgs (KXIN), and Shift Techs (SFT) saw gains, while Charles & Colvard (CTHR), ATRenew (RERE), Kaival Brands Innovations (KAVL), Wah Fu Education Group (WAFU), Grove Collaborative Hldgs (GROV), and MEDIROM Healthcare Techs (MRM) experienced losses.

Portfolio Pulse from Benzinga Insights

October 13, 2023 | 5:31 pm