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Stock Prices

ISRG

A significant bearish stance has been taken on Intuitive Surgical (NASDAQ:ISRG) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split between 38% bullish and 61% bearish. The whales have been targeting a price range from $290.0 to $400.0 for Intuitive Surgical over the last 3 months. The current price of ISRG is down -3.33% at $325.46. Analysts from Morgan Stanley, Piper Sandler, RBC Capital, Truist Securities, and Barclays have maintained their ratings on Intuitive Surgical with price targets ranging from $330 to $400.

Portfolio Pulse from Benzinga Insights

July 24, 2023 | 5:45 pm

DDOG

A significant number of investors have taken a bearish stance on Datadog (NASDAQ:DDOG), with 66% of detected trades showing bearish expectations. Whales have been targeting a price range from $70.0 to $120.0 for Datadog over the last 3 months. The current price of DDOG is $111.14, up 1.16%. RSI indicators suggest the stock may be overbought. Analysts from Oppenheimer, Cantor Fitzgerald, and Barclays have maintained their ratings with price targets of $120, $100, and $134 respectively.

Portfolio Pulse from Benzinga Insights

July 24, 2023 | 5:45 pm

PPG

BMO Capital Markets analyst John P. McNulty reiterated an Outperform rating on PPG Industries, Inc. (NYSE:PPG), raising the price target to $165 from $158. The company recently reported Q2 2023 net sales of $4.87 billion, beating the consensus of $4.84 billion. McNulty expects PPG to deliver double-digit EPS growth in 2H23, 24, and 25. The analyst raised Q3 EPS to $1.91 (from $1.88), reflecting a better top line in Performance Coatings. For FY23, McNulty forecasts EPS of $7.40 (vs. guide of $7.28-7.48) on similar drivers.

Portfolio Pulse from Nabaparna Bhattacharya

July 24, 2023 | 5:44 pm

AMBC

CRD

FGF

FGFPP

GBLI

GOCO

HALL

IGIC

RELI

ROOT

STC

TIRX

During Monday's intraday session, several insurance stocks experienced significant movement. Gainers included FG Finl Gr (FGF), Hallmark Financial Servs (HALL), Intl General Insurance (IGIC), Stewart Information Servs (STC), Ambac Financial Group (AMBC), and Crawford (CRD). Losers included Reliance Global Group (RELI), Tian Ruixiang Holdings (TIRX), GoHealth (GOCO), FG Finl Gr (FGFPP), Root (ROOT), and Global Indemnity Group (GBLI).

Portfolio Pulse from Benzinga Insights

July 24, 2023 | 5:40 pm

AXP

American Express (AXP) reported 2Q results with slower revenue growth but analysts remain optimistic due to healthy consumer activity. RBC Capital analyst Jon Arfstrom reiterated a Sector Perform rating with a $197.00 price target. Citi analyst Arren Cyganovich reiterated a Sell rating with a price target of $148.00. BMO analyst James Fotheringham had a Market Perform rating with a price target of $194.00. AXP shares are trading lower by 1.31% at $167.99.

Portfolio Pulse from Anusuya Lahiri

July 24, 2023 | 5:39 pm

DIS

Disney is considering delaying some of its 2023 movie releases due to ongoing strikes. This could potentially impact the company's revenue and stock performance.

Portfolio Pulse from Happy Mohamed

July 24, 2023 | 5:38 pm

XPEV

XPeng Inc - ADR (NYSE:XPEV) shares are trading higher after China's National Development and Reform Commission (NDRC) pledged to optimize the business environment for private enterprises. This announcement has led to a rise in Chinese companies' stocks, including XPEV. Despite a recent downgrade from JP Morgan analyst Nick Lai, XPEV's price target was raised from $7.5 to $10. XPEV shares have gained more than 47% over the last month.

Portfolio Pulse from Erica Kollmann

July 24, 2023 | 5:38 pm

OCX

Oncocyte Corporation (OCX) has announced a 1-for-20 reverse stock split of its common stock, effective from July 24, 2023. The move is part of the company's plan to regain compliance with the minimum bid price requirement for continued listing on the Nasdaq Stock Market. The reverse stock split will reduce the number of outstanding shares to approximately 8,241,054.

Portfolio Pulse from Happy Mohamed

July 24, 2023 | 5:37 pm

ABT

AXNX

EXAS

HRMY

HZNP

JNJ

LLY

MRNA

OGN

TMO

Benzinga's options activity scanner has identified unusual trading activity in 10 health care stocks. The stocks include OGN, MRNA, HZNP, JNJ, HRMY, TMO, ABT, LLY, AXNX, and EXAS. The activity includes both call and put options, with varying sentiments from neutral to bullish or bearish.

Portfolio Pulse from Benzinga Insights

July 24, 2023 | 5:35 pm

AXL

CVNA

DKNG

RCL

RIVN

TJX

TSLA

Benzinga's options activity scanner has identified significant trading activity in 10 consumer discretionary stocks. The stocks include Tesla (TSLA), Rivian (RIVN), Goodyear Tire & Rubber (GT), General Motors (GM), DraftKings (DKNG), Royal Caribbean Cruises (RCL), American Axle & Manufacturing (AXL), Carvana (CVNA), Home Depot (HD), and TJX Companies (TJX). The options activity, which includes both call and put options, indicates varying market sentiments towards these stocks.

Portfolio Pulse from Benzinga Insights

July 24, 2023 | 5:35 pm