Streetbeat News

Stock Prices

TSM

A significant amount of bearish options activity has been observed for Taiwan Semiconductor (NYSE:TSM). Of the 10 unusual trades detected, 70% were bearish and 30% bullish. The total amount for the 4 put trades was $961,823, while the 6 call trades amounted to $365,501. Whales have been targeting a price range from $55.0 to $95.0 for TSM over the last 3 months. The current price of TSM is up 0.53% at $91.7, with RSI indicators suggesting the stock may be approaching overbought territory.

Portfolio Pulse from Benzinga Insights

September 14, 2023 | 5:47 pm

SGEN

A whale investor has taken a bullish stance on Seagen (NASDAQ:SGEN), with 50% of investors opening trades with bullish expectations and 50% with bearish. The whale has been targeting a price range from $155.0 to $210.0 for Seagen over the last 3 months. The price of SGEN is up 0.47% at $206.91, with RSI indicators suggesting the stock may be overbought. Next earnings are expected in 42 days.

Portfolio Pulse from Benzinga Insights

September 14, 2023 | 5:47 pm

AAPL

SMTC

Semtech Corporation (SMTC) has been upgraded to Positive from Neutral by Susquehanna analyst Christopher Rolland, who maintained a price target of $30. The company's Q2 net sales increased 0.8% sequentially and 13.9% YoY. Rolland believes the stock has an underappreciated AI optical angle and is benefiting from a potential China IoT module ban. He also suggests a turnaround plan for the stock, including cost-cutting, reinvestment in high ROI products, and deleveraging through asset sales. Rolland also mentioned that Apple Inc (AAPL) wins should benefit proximity/protection.

Portfolio Pulse from Nabaparna Bhattacharya

September 14, 2023 | 5:42 pm

ABL

AFGC

CRD

FGFPP

GLRE

HUIZ

MET

MRAI

RELI

TIRX

TRUP

UVE

During Thursday's intraday session, several insurance stocks experienced significant movement. Gainers included Trupanion (TRUP), Crawford (CRD), Reliance Global Group (RELI), Greenlight Capital Re (GLRE), MetLife (MET), and Universal Insurance Hldgs (UVE). Losers included FG Finl Gr (FGFPP), Tian Ruixiang Holdings (TIRX), Marpai (MRAI), Abacus Life (ABL), Huize Holding (HUIZ), and American Financial Group, Inc. 5.125% Subordinated Debentures due 2059 (AFGC).

Portfolio Pulse from Benzinga Insights

September 14, 2023 | 5:40 pm

NFLX

Benchmark analyst Matthew Harrigan reiterated a Sell rating for Netflix Inc (NASDAQ:NFLX) with a $293 price target. The streaming giant's CFO, Spencer Neumann, noted the company's need to maintain a balance between revenue growth and margin improvement. The analyst sees operating margin improving by 2.0% this year, 2.1% in 2024, and 1.8% in 2025. Neumann also suggested only muted 3Q23 and 4Q23 ARM improvements. Netflix is making progress in advertising and remains favorably positioned for scripted programming delivery.

Portfolio Pulse from Anusuya Lahiri

September 14, 2023 | 5:38 pm

ETHUSD

The value of real-world assets (RWAs) on-chain has reached an all-time high of $3.1 billion, surpassing the previous record of $2.75 billion set in April 2022. Gold and precious metals account for 37.3% of this value, followed by money markets, treasuries, and private credit. The growth in RWAs was primarily driven by on-chain demand for off-chain sources of yield. Validators have amassed a cumulative 187k Ethereum (CRYPTO: ETH) in MEV rewards in 2023, averaging 776 Ethereum daily.

Portfolio Pulse from Murtuza Merchant

September 14, 2023 | 5:37 pm

ABBV

DHR

JNJ

LLY

MRK

MRNA

SRPT

SYK

VEEV

VRTX

Benzinga's options activity scanner has identified significant options activity in 10 health care stocks. The stocks include Johnson & Johnson (JNJ), Veeva Systems (VEEV), Stryker Corporation (SYK), Moderna (MRNA), AbbVie (ABBV), Merck & Co. (MRK), Sarepta Therapeutics (SRPT), Vertex Pharmaceuticals (VRTX), Danaher Corporation (DHR), and Eli Lilly and Company (LLY). The options activity ranges from neutral to bullish and bearish sentiments, with varying expiration dates and strike prices.

Portfolio Pulse from Benzinga Insights

September 14, 2023 | 5:35 pm

ABNB

ADT

CVNA

MCFT

MGM

NIO

PLAY

RIVN

SBUX

TSLA

Benzinga's options activity scanner has identified unusual options activity in the Consumer Discretionary sector. The stocks with notable activity include Tesla (TSLA), Rivian (RIVN), ADT (ADT), Carvana (CVNA), MasterCraft Boat Holdings (MCFT), MGM Resorts (MGM), Airbnb (ABNB), Starbucks (SBUX), Dave & Buster's (PLAY), and NIO (NIO). The activity includes both call and put options with varying sentiments and expiration dates.

Portfolio Pulse from Benzinga Insights

September 14, 2023 | 5:35 pm

AMD

CRM

CRWD

CSCO

INTC

MARA

MSFT

NVDA

ORCL

The article reports on the options activity of 10 Information Technology stocks in today's session. The stocks include NVDA, MSFT, AMD, MARA, ORCL, CSCO, MU, CRWD, INTC, and CRM. The options activity is tracked by Benzinga's options activity scanner, which monitors the transactions of entities with large sums of money, known as whales. The article provides detailed information on the type of options activity (put/call), trade type, sentiment, expiration date, strike price, total trade price, open interest, and volume for each stock.

Portfolio Pulse from Benzinga Insights

September 14, 2023 | 5:35 pm

ANGH

LVO

SBGI

SLE

During Thursday's intraday session, several communication services stocks experienced significant movement. Sinclair (SBGI), LiveOne (LVO), Beasley Broadcast Group (BBGI), Loop Media (LPTV), CourtSide Gr (PODC), and E W Scripps (SSP) saw their shares rise, while Super League Enterprise (SLE), Anghami (ANGH), FingerMotion (FNGR), Charge Enterprises (CRGE), Mobile Global Esports (MGAM), and GDEV (GDEV) experienced a decrease in their stock prices.

Portfolio Pulse from Benzinga Insights

September 14, 2023 | 5:31 pm