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SHOP

A significant bearish stance on Shopify (NYSE:SHOP) has been observed through unusual options activity. The overall sentiment of these big-money traders is split between 37% bullish and 62% bearish. The price range targeted by these traders for Shopify over the last 3 months is from $45.0 to $100.0. Roth MKM, Canaccord Genuity, and Wedbush have recently updated their price targets for Shopify.

Portfolio Pulse from Benzinga Insights

September 13, 2023 | 4:01 pm

CLDI

DZSI

EIGR

HRT

KULR

RCKT

US stocks traded higher with the Dow Jones gaining around 50 points. US crude oil inventories climbed by 3.954 million barrels, against market estimates of a 1.912 million decline. HireRight Holdings Corporation (HRT) plans an additional $25 million share repurchase program. Rocket Pharmaceuticals (RCKT) reached alignment with the FDA on a global Phase 2 pivotal trial. DZS Inc. (DZSI) secured $29.7 million in financing. Eiger BioPharmaceuticals (EIGR) discontinued a Phase 3 study, Calidi Biotherapeutics (CLDI) shares fell following its public debut, and KULR Technology Group (KULR) reported pricing of a public offering of common stock.

Portfolio Pulse from Lisa Levin

September 13, 2023 | 4:01 pm

JD

A significant amount of unusual options activity has been detected for JD.com (NASDAQ:JD), with a majority of investors taking a bearish stance. The trades have targeted a price range from $22.5 to $40.0 for JD.com over the last 3 months. The current price of JD.com is $31.7, down by 0.08%. Analysts from Loop Capital, Susquehanna, Citigroup, Mizuho, and JP Morgan have maintained their ratings on JD.com, with price targets ranging from $39 to $64.

Portfolio Pulse from Benzinga Insights

September 13, 2023 | 4:01 pm

COP

A significant investor has taken a bearish stance on ConocoPhillips (NYSE:COP), with 83% of the detected trades being bearish. The trades include 13 puts amounting to $674,860 and 5 calls amounting to $192,457. The whales have been targeting a price range from $105.0 to $130.0 for ConocoPhillips over the last 3 months. The current price of COP is down -0.34% at $122.66.

Portfolio Pulse from Benzinga Insights

September 13, 2023 | 4:01 pm

BMBL

In the last quarter, Bumble (NASDAQ:BMBL) received four somewhat bullish ratings from analysts, with no bearish or indifferent ratings. The average 12-month price target for the company is $23.25, a decrease of 8.82% from the previous average of $25.50.

Portfolio Pulse from Benzinga Insights

September 13, 2023 | 4:00 pm

FLT

Fleetcor Technologies (NYSE:FLT) has received positive analyst ratings in the last quarter, with 6 bullish, 4 somewhat bullish, and 2 indifferent ratings. The average price target for the stock is $294.75, indicating an upside from the current price of $271.88. This average has increased by 10.47% from the previous average price target of $266.82.

Portfolio Pulse from Benzinga Insights

September 13, 2023 | 4:00 pm

CRGY

Crescent Energy (NYSE:CRGY) has received four bullish analyst ratings in the last quarter, with no bearish or indifferent ratings. The average 12-month price target for the company, according to these analysts, is $18.5, marking a 2.78% increase over the past month.

Portfolio Pulse from Benzinga Insights

September 13, 2023 | 4:00 pm

DOCU

Over the past quarter, DocuSign (NASDAQ:DOCU) has received a mix of bullish, bearish, and indifferent ratings from 11 analysts. The average price target is $60.45, which is higher than the current price of $45.88, implying an upside. The average price target has increased by 2.08% over the past month.

Portfolio Pulse from Benzinga Insights

September 13, 2023 | 4:00 pm

PGR

Progressive (NYSE:PGR) has outperformed the market over the past 15 years, producing an average annual return of 15.17%. If an investor had bought $1000 of PGR stock 15 years ago, it would be worth $8,638.61 today.

Portfolio Pulse from Benzinga Insights

September 13, 2023 | 4:00 pm

BWV

Maxim Group analyst Jason McCarthy has downgraded Blue Water Biotech (NASDAQ:BWV) from Buy to Hold.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2023 | 4:00 pm