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BA

A significant amount of unusual options activity has been detected for Boeing (NYSE:BA), with a roughly equal split between bullish and bearish expectations. The trades include 5 puts worth $224,855 and 21 calls worth $1,020,051. The targeted price range for Boeing over the last 3 months has been $100.0 to $280.0. Current price of BA is $238.52, up 0.2%. Analysts from JP Morgan, Wells Fargo, Citigroup maintain positive ratings while Morgan Stanley and RBC Capital have downgraded their ratings.

Portfolio Pulse from Benzinga Insights

August 09, 2023 | 5:46 pm

WFC

A significant amount of unusual options activity has been observed for Wells Fargo (NYSE:WFC), with a majority of investors taking a bearish stance. Of the 10 strange trades detected, 80% were bearish and 20% bullish. The total amount for puts was $948,057 and for calls, $335,980. Whales have been targeting a price range from $40.0 to $50.0 for Wells Fargo over the last 3 months. The current price of WFC is down -1.62% at $43.76. Several experts have maintained their ratings on Wells Fargo, with price targets ranging from $45 to $52.

Portfolio Pulse from Benzinga Insights

August 09, 2023 | 5:46 pm

BHF

HRTG

MHLD

PRA

Insurance stocks saw significant movement during Wednesday's intraday session. Gainers included Heritage Insurance Hldgs (HRTG), ProAssurance (PRA), Kingstone Companies (KINS), Ambac Financial Group (AMBC), HCI Group (HCI), and Conifer Holdings, Inc. - Senior Unsecured Notes (CNFRL). Losers included Maiden Hldgs (MHLD), Brighthouse Finl (BHF), SelectQuote (SLQT), F&G Annuities & Life (FG), Root (ROOT), and GoHealth (GOCO). Most companies recently released their Q2 earnings reports.

Portfolio Pulse from Benzinga Insights

August 09, 2023 | 5:40 pm

ODP

ODP Corp, the parent company of Office Depot, reported a 6% YoY decline in Q2 FY23 sales to $1.908 billion, beating the consensus of $1.980 billion. The company's adjusted EPS was $0.99, surpassing the analyst consensus of $0.770. The revenue decline was attributed to lower sales in its Office Depot consumer division. Despite the decline, ODP raised its annual outlook and expects an adjusted EPS of $5.00-$5.30 and FY23 sales of approximately $8 billion. ODP shares are trading higher by 3.19% at $49.76.

Portfolio Pulse from Nabaparna Bhattacharya

August 09, 2023 | 5:38 pm

BERY

Berry Global Group, Inc. (NYSE:BERY) reported a Q3 FY23 sales decline of 13.3% YoY to $3.23 billion, missing the consensus of $3.42 billion. The decline is attributed to decreased selling prices and a 7% volume decline due to softer demand. Operating income fell 20.5% YoY to $267 million. Adjusted EPS of $1.90 missed the analyst consensus of $1.98. The company plans to repurchase nearly 3 million shares in the fourth fiscal quarter and anticipates returning at least $700 million of capital to shareholders through share repurchases and dividends.

Portfolio Pulse from Nabaparna Bhattacharya

August 09, 2023 | 5:38 pm

METC

Ramaco Resources reported worse-than-expected Q2 financial results, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 5:37 pm

EVRI

Everi Holdings reported its Q2 financial results and issued FY23 EPS guidance, which led to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 5:36 pm

ABNB

GGR

HRB

LCID

LI

NIO

SIX

TSLA

W

XPEV

Benzinga's options activity scanner has identified unusual options activity in the Consumer Discretionary sector. Notable stocks include Tesla (TSLA), H&R Block (HRB), NIO Inc. (NIO), Lucid Group (LCID), XPeng Inc. (XPEV), Six Flags Entertainment (SIX), Airbnb (ABNB), Li Auto (LI), Wayfair (W), and GGR. The activity includes both bullish and bearish sentiments, with varying expiration dates and strike prices.

Portfolio Pulse from Benzinga Insights

August 09, 2023 | 5:35 pm

AMC

CMCSA

DISH

GOOG

META

NFLX

PINS

RBLX

TTD

TTWO

Benzinga's options activity scanner has identified significant trading activity in 10 communication services stocks. The stocks include AMC, GOOG, META, RBLX, CMCSA, DISH, NFLX, PINS, TTWO, and TTD. The options activity ranges from bullish to bearish and neutral sentiments, with varying expiration dates and strike prices.

Portfolio Pulse from Benzinga Insights

August 09, 2023 | 5:35 pm

AAPL

AMD

DDOG

MARA

MSFT

NVDA

PLTR

RIOT

SMCI

U

The article reports on significant options activity in the Information Technology sector. Ten US-listed companies are mentioned: NVDA, RIOT, AMD, MARA, DDOG, MSFT, SMCI, U, AAPL, and PLTR. The options activity ranges from neutral to bullish, with only one bearish sentiment observed for U. The expiration dates of these options range from 2 days to 219 days.

Portfolio Pulse from Benzinga Insights

August 09, 2023 | 5:35 pm