Streetbeat News

Stock Prices

MS

A large investor has taken a bullish stance on Morgan Stanley (NYSE:MS), with 10 uncommon options trades spotted. The sentiment of these trades is split 50% bullish and 50% bearish. The trades include 2 puts amounting to $54,642 and 8 calls amounting to $300,250. Whales have been targeting a price range from $80.0 to $95.0 for Morgan Stanley over the last 3 months. HSBC has downgraded its action to Buy with a price target of $99, while Oppenheimer maintains their Outperform rating with a price target of $105.

Portfolio Pulse from Benzinga Insights

September 14, 2023 | 4:31 pm

BA

Boeing (NYSE:BA) has outperformed the market over the past 20 years by 1.65% on an annualized basis, producing an average annual return of 9.31%. If an investor had bought $1000 of BA stock 20 years ago, it would be worth $5,973.06 today.

Portfolio Pulse from Benzinga Insights

September 14, 2023 | 4:30 pm

PLD

Prologis (NYSE:PLD) has outperformed the market over the past 10 years, producing an average annual return of 12.19%. If an investor had bought $1000 of PLD stock 10 years ago, it would be worth $3,294.51 today. Prologis currently has a market capitalization of $114.30 billion.

Portfolio Pulse from Benzinga Insights

September 14, 2023 | 4:30 pm

RTX

Jim Lebenthal announced on CNBC that he has sold his shares in Raytheon Technologies Corporation (RTX).

Portfolio Pulse from Benzinga Newsdesk

September 14, 2023 | 4:29 pm

ARM

NVDA

SFTBY

ARM Holdings PLC has launched its IPO with a valuation of $54.5 billion, marking the biggest IPO of 2023. SoftBank, which acquired ARM in 2016, is retaining 90% ownership and offering 10% of the company on the open market. SoftBank recently consolidated its ownership from 75% to 100% before the IPO. ARM's CPUs are a vital component for Nvidia Corp’s GPUs to operate AI functions.

Portfolio Pulse from AJ Fabino

September 14, 2023 | 4:29 pm

TGB

Taseko Mines, Ltd. (AMEX:TGB) shares are trading higher after the U.S. Environment Protection Agency issued a final Underground Injection Control Permit for the Florence Copper Project. The project has an after-tax NPV (8%) of $930 million at a copper price of $3.75 per pound. The company can now commence construction of the Florence Copper commercial production facility.

Portfolio Pulse from Nabaparna Bhattacharya

September 14, 2023 | 4:28 pm

ARM

Arm Holdings has started trading on the stock market with its initial public offering (IPO) opening at $56.10. This has led to a surge in the company's shares.

Portfolio Pulse from Benzinga Newsdesk

September 14, 2023 | 4:20 pm

BIOL

CMND

FWBI

IBEX

MYTE

PFSW

U.S. stocks traded higher with the Nasdaq Composite gaining around 100 points. Energy shares jumped by 1.2%. First Wave BioPharma, PFSweb, and MYT Netherlands Parent shares rose significantly after positive news. However, IBEX Limited, Clearmind Medicine, and BIOLASE shares dropped due to negative financial results and public offerings. Oil traded up 1.7% to $90.04.

Portfolio Pulse from Lisa Levin

September 14, 2023 | 4:19 pm

FCX

A significant bearish stance has been taken on Freeport-McMoRan (NYSE:FCX) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is 30% bullish and 70% bearish. The whales have been targeting a price range from $34.0 to $47.0 for Freeport-McMoRan over the last 3 months. The price of FCX is currently up 3.01% at $40.94, with RSI indicators suggesting the stock may be approaching overbought.

Portfolio Pulse from Benzinga Insights

September 14, 2023 | 4:17 pm

T

AT&T expects its Q3 free cash flow to be in the range of $4.5B-$5.0B. The company continues to execute well on its sustainable long-term growth strategy and remains on track to generate FY free cash flow of better than $16B.

Portfolio Pulse from Benzinga Newsdesk

September 14, 2023 | 4:14 pm