Streetbeat News

Stock Prices

UBER

A significant bearish stance has been taken on Uber Technologies (NYSE:UBER) by a large investor or institution, as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 36% bullish and 63% bearish. Whales have been targeting a price range from $40.0 to $60.0 for Uber over the last 3 months. RBC Capital, Truist Securities, and Bernstein have maintained their positive ratings on Uber, while Morgan Stanley and DA Davidson have downgraded their actions.

Portfolio Pulse from Benzinga Insights

August 29, 2023 | 6:16 pm

SPKY

SPY

UVXY

The SPDR S&P 500 (NYSE:SPY) surged over 1% higher after data showed U.S. job openings decreased below 9 million for the first time since March 2021, indicating a cooling labor market. This gives investors hope that the Federal Reserve’s rate hike campaign is succeeding, which could lead to a pause next month. The SPY is trading in an uptrend, with the formation of a higher high. The ConvexityShares Daily 1.5x SPIKES Futures ETF (NYSE:SPKY) and ProShares Ultra VIX Short Term Futures ETF (NYSE:UVXY) are also mentioned as options for traders wishing to trade potential volatility.

Portfolio Pulse from Melanie Schaffer

August 29, 2023 | 6:03 pm

ZM

A significant amount of unusual options activity has been observed for Zoom Video Comms (NASDAQ:ZM), with a majority of investors taking a bullish stance. Whales have been targeting a price range from $60.0 to $100.0 for Zoom over the last 3 months. The current price of ZM is up 1.48% at $68.57. Analysts have mixed opinions, with price targets ranging from $66 to $100.

Portfolio Pulse from Benzinga Insights

August 29, 2023 | 6:01 pm

SPOT

A significant amount of unusual options activity has been detected for Spotify Technology (NYSE:SPOT), with a mix of bullish and bearish stances. Of the 17 strange trades detected, 47% were bullish and 52% were bearish. The trades included 4 puts totaling $231,370 and 13 calls totaling $1,042,900. Whales have been targeting a price range from $135.0 to $165.0 for Spotify over the last 3 months. Morgan Stanley has downgraded its action to Overweight with a price target of $185.

Portfolio Pulse from Benzinga Insights

August 29, 2023 | 6:01 pm

FL

A significant bullish stance has been taken on Foot Locker (NYSE:FL) as evidenced by unusual options activity. The sentiment among these big-money traders is split between 60% bullish and 40% bearish. The price target for Foot Locker over the last 3 months has been between $12.5 and $20.0. Barclays, B of A Securities, and Goldman Sachs have maintained their ratings on Foot Locker, while Telsey Advisory Group has downgraded its action to Outperform.

Portfolio Pulse from Benzinga Insights

August 29, 2023 | 6:01 pm

MRVL

Marvell Tech (NASDAQ:MRVL) has outperformed the market over the past 5 years by 12.98% on an annualized basis, producing an average annual return of 22.11%. If an investor had bought $100 of MRVL stock 5 years ago, it would be worth $271.74 today.

Portfolio Pulse from Benzinga Insights

August 29, 2023 | 6:01 pm

AZO

AutoZone (NYSE:AZO) has outperformed the market over the past 10 years by 9.09% on an annualized basis, producing an average annual return of 19.65%. If an investor had bought $100 of AZO stock 10 years ago, it would be worth $601.15 today.

Portfolio Pulse from Benzinga Insights

August 29, 2023 | 6:00 pm

RNG

RingCentral (NYSE:RNG) has received various analyst ratings in the last quarter, with 4 bullish, 6 somewhat bullish, and 3 indifferent. The average 12-month price target for the company, according to 13 analysts, is $45.46, representing a 2.11% decrease from the previous average price target of $46.44.

Portfolio Pulse from Benzinga Insights

August 29, 2023 | 6:00 pm

RGNX

Over the past 3 months, 5 analysts have published their opinion on Regenxbio (NASDAQ:RGNX) stock. The average price target is $40.2, implying an upside from the current price of $18.95. The current average has decreased by 6.51% from the previous average price target of $43.00.

Portfolio Pulse from Benzinga Insights

August 29, 2023 | 6:00 pm

VTYX

Analysts have provided bullish and somewhat bullish ratings for Ventyx Biosciences (NASDAQ:VTYX) in the last quarter, with no bearish or indifferent ratings. The average 12-month price target for Ventyx Biosciences has increased by 1.62% from the previous average, now standing at $56.5.

Portfolio Pulse from Benzinga Insights

August 29, 2023 | 6:00 pm