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FCX

A significant bearish stance has been taken on Freeport-McMoRan (NYSE:FCX) by a large investor or institution, as indicated by unusual options trading activity. The sentiment among these big-money traders is split, with 41% bullish and 58% bearish. The targeted price range for FCX over the last 3 months is $34.0 to $47.0. The current price of FCX is down -3.77% at $37.23. Morgan Stanley maintains an Equal-Weight rating on FCX with a price target of $44.

Portfolio Pulse from Benzinga Insights

September 21, 2023 | 8:31 pm

WMG

Warner Music Group (WMG) shares declined following Bertelsmann's decision to end its music distribution agreement with WMG's subsidiary, Alternative Distribution Alliance (ADA). Despite this, J.P. Morgan analyst Sebastiano Petti reiterated an Overweight rating on WMG with a price target of $40, and Truist analyst Matthew Thornton reiterated a Buy rating with a price target of $37. Both analysts are bullish on WMG's long-term growth prospects, citing factors such as paid streaming adoption, streaming price increases, and improved Emerging Streaming Platform monetization.

Portfolio Pulse from Anusuya Lahiri

September 21, 2023 | 8:31 pm

CMP

Compass Minerals International (CMP) has announced that KM&T Investment Holdings, LLC may offer and sell up to 7.03 million shares of the company's common stock, according to a SEC filing.

Portfolio Pulse from Benzinga Newsdesk

September 21, 2023 | 8:29 pm

HLTH

Cue Health has adopted a limited-duration shareholder rights plan in response to rapid accumulation of shares by a third party. The plan is effective immediately and will expire on September 20, 2024. The rights will become exercisable if an entity, person, or group acquires beneficial ownership of 10% or more of Cue's outstanding common stock in a transaction not approved by the Board.

Portfolio Pulse from Benzinga Newsdesk

September 21, 2023 | 8:24 pm

SCHL

Scholastic Corporation (NASDAQ:SCHL) reported Q1 losses of $2.20 per share, missing the analyst consensus estimate of losses of $1.20. The company also reported quarterly sales of $228.50 million, missing the analyst consensus estimate of $268.79 million. The company's stock fell 5.78% in after-hours trading.

Portfolio Pulse from Ryan Gustafson

September 21, 2023 | 8:23 pm

SCHL

Scholastic Corporation (SCHL) shares are trading lower following the company's worse-than-expected Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

September 21, 2023 | 8:21 pm

AMT

A significant bearish stance has been taken on American Tower (NYSE:AMT) with 93% of investors opening trades with bearish expectations. Of the total trades, 14 are puts amounting to $1,151,780 and 2 are calls amounting to $68,400. Whales have been targeting a price range from $155.0 to $220.0 for American Tower over the last 3 months. The price of AMT is down -4.56% at $169.32. Morgan Stanley maintains their Equal-Weight rating on American Tower with a price target of $212.

Portfolio Pulse from Benzinga Insights

September 21, 2023 | 8:17 pm

HUM

A significant amount of unusual options activity has been observed for Humana (NYSE:HUM), with a bearish stance being taken by a majority of investors. Of the 12 strange trades detected, 33% were bullish and 66% were bearish. The total amount for puts was $309,457 and for calls was $420,320. Whales have been targeting a price range from $445.0 to $620.0 for Humana over the last 3 months. Cantor Fitzgerald downgraded its action to Overweight with a price target of $597, while Morgan Stanley maintained their Overweight rating with a price target of $624.

Portfolio Pulse from Benzinga Insights

September 21, 2023 | 8:17 pm

INTU

A significant bearish stance has been taken on Intuit (NASDAQ:INTU) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split between 35% bullish and 64% bearish. The whales have been targeting a price range from $300.0 to $570.0 for Intuit over the last 3 months. The current price of INTU is down -3.67% at $504.37. Several financial institutions have maintained their ratings on Intuit, with price targets ranging from $528 to $575.

Portfolio Pulse from Benzinga Insights

September 21, 2023 | 8:17 pm

PIK

Kidpik Corp. has been granted a 180-day extension by Nasdaq to meet its minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2). The company now has until March 18, 2024, to meet the requirement. If necessary, Kidpik may implement a reverse stock split to regain compliance, a move approved by stockholders at the June 19, 2023, annual meeting.

Portfolio Pulse from Benzinga Newsdesk

September 21, 2023 | 8:16 pm